Quote from: figmentofmyass on October 02, 2018, 12:24:35 AM

Quote from: gopnik on October 01, 2018, 07:04:33 PM

The question may be naive, but truth is that i highly doubt we can find an active trader here with audited tax returns or trading records who can prove he consistently beated the S&P actively trading cryptos over the past years. Please, prove me wrong if you can

no one worth their salt is going to fork over their records to some random noob on bitcointalk. Tongue

Quote from: gopnik on October 01, 2018, 07:04:33 PM

I guess most lose their shirt, a few survive.

that sounds like most markets. what markets do you know of where the majority of traders are making money? it's generally estimated that 80-90%+ of traders are not profitable across the board.

Quote from: gopnik on October 01, 2018, 07:04:33 PM

This market seems to offers very bad risk rewards / low probability ratios, only making the brokers richer

i feel the exact opposite. this last few months, the returns have been diminishing because the range is getting so tight. but in general, bitcoin/altcoins trend much harder and move faster than virtually all other markets. trading the trends are very easy. i'm not sure what r/r setups you're looking at, but i find crypto far more profitable than stocks or forex.

Quote from: gopnik on October 01, 2018, 07:04:33 PM

As far as i understand, the crypto market works exactly like the FX and binary options, which is a super scammy industry designed to defraud retail traders.
Major crypto brokers are not even licensed neither audited and very likely highly manipulate the markets to crush the retail traders; wash trading, stop loss hunting, etc, you name it. Binary options and fx trading are banned in many countries for quite obvious reasons. Everything is designed to make you lose. Traders have less chances to win at this game than when playing the roulette.

i've definitely gotten the feeling that bitfinex and bitmex have run front running operations and engage in stop hunting. it doesn't matter. getting my stops run here and there is a drop in the bucket vs. the potential gains in this market.

Trading the trend is easy, but there has been no trend for one year now beside a few corrective waves; the stock market is trending very strongly at the moment on the other hand

Bitmex and Bitfinex are definitely engaged in deeply unethical business; no wonder why they hide their ass in offshore jurisdictions