Ok I see, what we can do now is to ride small waves (swings) in the current medium-term range, I think with 1:5 Hotforex leverage it's still a lucrative option. HODL strategy died I guess.
Ok I see, what we can do now is to ride small waves (swings) in the current medium-term range, I think with 1:5 Hotforex leverage it's still a lucrative option. HODL strategy died I guess.
cant say much, honestly im staying out of btc for a couple of weeks now, but since december its been steadily staying in the 3000+ mark.
Payment to IB or to traders? I think you have to ask your IB about how much he will earn from you
hotforex has been around for 10 years or so, they do work, the IB traders relationship would depend, the IB can explain it for you, with regards to the broker yeah they are legit, acceptable spreads mostly on majors. depeding one what you are looking at to trade,
How crypto wallet work? Is it better than broker wallet? Do you have an example from other brokers?
Yeah there are rumours that Hotforex is going to introduce it, although there is no official statement about that. Crypto wallets work similar to regular fiat wallets but their purpose is to store and access crypto. I'm looking for a regulated entity that offers this service and FX brokers are good candidates for that.
yeah most probably thats how it would work, though i have not tried it yet, will try to look into it as well. seems like a good option now a days
Wish I could earn interest on my crypto holdings anybody knows where I can lend them to earn interest?
Bitfinex, Poloniex, and other cryptocurrency exchanges where margin lending is possible. You can read more about the process in this tutorial: https://www.earnforex.com/blog/tutorial-bitcoin-investment-in-margin-lending/
What do you think about this type of investing? Is it safe? I know with wild bitcoin swings it can generate poor returns in some periods because of substantial capital loss but what about long-term returns? 40-50% year?
I think it is a good investment opportunity but there is a huge counterparty risk - e.g., hacking incident with Bitfinex or CLAM lending market meltdown on Poloniex.
Basically the system is unprepared because of weak regulations. Certainly not for big money.
I guess risk is associated with every thing investment related. but im actually learning here, getting ideas, im yet to dive into crypto that seriously and hopefully i becomes an option for extra earnings.
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