Borrowing money to trade cryptocurrencies (non-margin)

Discussion in 'Crypto Assets' started by NoEmotionTrader, Feb 21, 2020.

  1. how much money do you need to execute your strategy ?
     
    #11     Feb 21, 2020
  2. traider

    traider

    Trade on Bitmex, it's leveraged 100x
     
    #12     Feb 22, 2020
    lovethetrade likes this.
  3. Borrowing money to trade cryptocurrencies really says it all.
     
    #13     Feb 22, 2020
    d08 and p0box4 like this.
  4. traderjo

    traderjo

    are you serious? you claim "to have 5 years solid track record in trading..and you want somebody to pay off your CC debt and then some more so you can trade with no risk to you...
    I think this post itself is Grey to say the list
    Set up a Real Estate company to do what? purchase RE / sale? WTF?
     
    #14     Feb 28, 2020
  5. Sekiyo

    Sekiyo

    Yup ...
    5 years ago BTC was 300.
    Great trader means over performing buy and hold.
    Today it's around 9000 so it's x30 minimum return track record.
    If you invested with $1000 which is a little bankroll to begin with for a "trader".
    You should at least have 30K into your account right now ! So ... What's the problem ?

    You desperately need money because you've blown up your life saving ?
    But by magic you found the holy grail that will take you to the moon ?

    If you can't manage your own money ...
    I don't know why you could manage my own money.

    But I've been there.
    So I understand.

    You just can't say ...
    I AM A MASTER and be BEGGING FOR MONEY
    You're either one or the other but both propositions are mutually exclusive.
     
    Last edited: Feb 29, 2020
    #15     Feb 29, 2020
    d08 likes this.
  6. Micro

    Micro

    Borrowing money to trade crypto is a very risky endeavor no matter the trading skills as the counter party risk is high unless you plan on trading CME futures?
     
    #16     Mar 4, 2020
    traderjo likes this.