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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Crypto , Digital Currency Trading , Forex

Crypto , Digital Currency Trading , Forex

+37
Trading Jockey
jason12
sureshot
samaritan
Promoney
celtic tiger
dakzsl
kadik
Junior investor
Kanishka_2020
desmond
blackjesus
Ahilan007
MillennialC
100Bill
AmateurTrader001
Stockdine
kottuwa
RajapaksaDON
geesura
RJ1010
Miss-Sangeetha
C.THARANGA
roshan1039
spindain
gummy
Kevinmikegrit
ingreed2020
Teller
Mithooshan
kasun_gimhana
Kipling
Keshav
dayandacool
engineer
ONTHEMONEY
KavinduTM
41 posters

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KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Mithooshan wrote:I am not in FB brother. Please send an email for mithoo1996@gmail.com if possible.

Sure bro.

Mithooshan likes this post

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
What's up guys? Have you guys started investing in crypto?

In my opinion this will be a good way to have a foreign money inflow to our country. Still the crypto trading gateways are being blocked by the government but we can do this. There are few ways. Currently I use Binance P2P option to trade crypto.

Every investor may has at least 10% of their investment in crypto currencies. High risk high gain (Not like gambling btw)

Crypto will be the future world.

Mithooshan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@KavinduTM wrote:What's up guys? Have you guys started investing in crypto?

In my opinion this will be a good way to have a foreign money inflow to our country. Still the crypto trading gateways are being blocked by the government but we can do this. There are few ways. Currently I use Binance P2P option to trade crypto.

Every investor may has at least 10% of their investment in crypto currencies. High risk high gain (Not like gambling btw)

Crypto will be the future world.

I too wanted to study before investing. Still did not manage to. Will invest soon ! 😊

KavinduTM likes this post

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@KavinduTM wrote:I have made my first investment in crypto today!

I've bought Binance coin, Bitcoin and few other coins today using Binance Exchange. Still crypto trading cannot be done so easily as srilankan central bank has blocked all the gateways for years now. But there are options for us srilankans too.

I have a faith that 2021 will be an epic year for digital currencies. So i've decided to invest more in crypto during this year.

Bitcoin price was $10,500 that day (45 days ago). And now it is trading above $17,750. Not only Bitcoin, most of my crypto investments are highly profitable so far. 

Congratulations who bought with me ( If there any).

Teller


Moderator
Moderator
Teller told every one to buy btc@ 10,300 last month , now became 17,000 $

AmateurTrader001, KavinduTM and RJ1010 like this post

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:Teller told every one to buy btc@ 10,300 last month , now became 17,000 $
And forgot to tell the most important thing, 

I was always interested in investing in crypto, but this time I've made this investment even 9 days before my AL exams, because of teller (His video in YT about Binance). So special thanks to you @Teller. I really appreciate it.

Maybe you've created that video to put your referral link for Binance, But i still appreciate it as i will never invest in crypto on 3rd of October if you haven't posted that. Thanks Teller.

@All

If someone was worrying all the time that BTC was trading for cents, then below $10 and now trading for $10,000, This is a good example to never give up. Otherwise you will worry same when BTC reaches $100K.

Good Luck men.

Teller likes this post

Teller

Teller
Moderator
Moderator
Again i invite every one to open Binance accounts . In future it may difficult to open Binance account same like Cex . (@kavidu this reffferal is a peanut , i do this as an opportunity to community )

https://www.binance.cc/en/register?ref=KR5QSPKL


_________________




Teller said is said..

KavinduTM likes this post

33Crypto , Digital Currency Trading , Forex - Page 2 Empty Is this site is safe? Wed Nov 18, 2020 8:30 am

ingreed2020

ingreed2020
Stock Trader
@Teller wrote:Again i invite every one to open Binance accounts . In future it may difficult to open Binance account same like Cex . (@kavidu this reffferal is a peanut , i do this as an opportunity to community )

https://www.binance.cc/en/register?ref=KR5QSPKL

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yes @ingreed2020, It is a safe site.

Kevinmikegrit


Equity Analytic
Equity Analytic
I just opened an account, but am clueless on how to invest as my credit cards cannot be accessed maybe due to the ban by CBSL, any idea guys on how to move things forward?
P. S. - I will be investing very small amounts just to get a hang of it may be around 2 - 2.5% of my investments

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
@KavinduTM wrote:Yes @ingreed2020, It is a safe site.
@KavinduTM how are you buying crypto now? Because all cards blocked now

Teller

Teller
Moderator
Moderator
Who wants to buy it ? We can help


_________________




Teller said is said..

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
@Teller wrote:Who wants to buy it ? We can help
@Teller can we buy crypto using Paypal? because still, we can make PayPal payments for eBay.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kevinmikegrit wrote:I just opened an account, but am clueless on how to invest as my credit cards cannot be accessed maybe due to the ban by CBSL, any idea guys on how to move things forward?
P. S. - I will be investing very small amounts just to get a hang of it may be around 2 - 2.5% of my investments

Yes firstly, you can't just add a card and deposit money in the ordinary way as CBSL blocked all payment gateways for crypto. So we have to use Peer to Peer option. There's a option called P2P in Binance. Which is another person sells money for some higher rate. But sometimes fees are 0% or 1% when using bank transfer. There are so many options such as direct bank transfer, PayPal, Skrill, Neteller, Adcash  and much more.

Kevinmikegrit likes this post

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kasun_gimhana wrote:
@KavinduTM wrote:Yes @ingreed2020, It is a safe site.
@KavinduTM how are you buying crypto now? Because all cards blocked now
@kasun_gimhana I use PayPal to deposit money.

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
@KavinduTM wrote:
@kasun_gimhana wrote:
@KavinduTM wrote:Yes @ingreed2020, It is a safe site.
@KavinduTM how are you buying crypto now? Because all cards blocked now
@kasun_gimhana I use PayPal to deposit money.
@KavinduTM Which exchange allows you to deposit money using paypal. Because I didn't see any option in binance

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@kasun_gimhana wrote:
@KavinduTM wrote:
@kasun_gimhana wrote:
@KavinduTM wrote:Yes @ingreed2020, It is a safe site.
@KavinduTM how are you buying crypto now? Because all cards blocked now
@kasun_gimhana I use PayPal to deposit money.
@KavinduTM Which exchange allows you to deposit money using paypal. Because I didn't see any option in binance
@kasun_gimhana Go to P2P option and select PayPal as the payment method, usually they sell 1 USD for 1.10 or higher. I've got for 1.06 and 1.15 rates. It  is kinda high rate ik, i think we can use direct bank transfer option too but i've never tried as paypal was easier.

kasun_gimhana and ingreed2020 like this post

gummy


Stock Trader
@Teller wrote:Who wants to buy it ? We can help
Can we buy using  credit card if you are a resident in Sri Lanka. I don't have a paypal account. 
Thank You

44Crypto , Digital Currency Trading , Forex - Page 2 Empty Binance Account Fri Nov 20, 2020 9:58 pm

ingreed2020

ingreed2020
Stock Trader
@Teller wrote:Who wants to buy it ? We can help
I just open the BINANCE account and unable to deposit the cash, can you help me in this regards?

spindain


Equity Analytic
Equity Analytic
New comers know what you are doing. Don't rush in to Cryptos. 

Someone want to earn money by selling referral links. But crypto highly sensitive for news. If any government body announce cryptop ban you will lose everything.

roshan1039


Moderator
Moderator
This is very high risk thing to do, I invested in 2017 before bitcoin reach USD 20000+
I personally know some people lost their complete account some were hacked and robbed.
You dont have any guarantee on your money
No body is taking responsiblity of your money.
If you invest in stock market the risk is comparatively less. You have a responsible organization to check what happened to your money.
Do not dump your hard earned money in unknown places, you will loose.

abp1970, Miss-Sangeetha, dayandacool and C.THARANGA like this post

C.THARANGA


Manager - Equity Analytics
Manager - Equity Analytics
@roshan1039 wrote:This is very high risk thing to do, I invested in 2017 before bitcoin reach USD 20000+
I personally know some people lost their complete account some were hacked and robbed.
You dont have any guarantee on your money
No body is taking responsiblity of your money.
If you invest in stock market the risk is comparatively less. You have a responsible organization to check what happened to your money.
Do not dump your hard earned money in unknown places, you will loose.

Yes. You may see benefits on it. But it's very unsecure.

roshan1039 and abp1970 like this post

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Crypto, Digital currency, forex trading by individual, prohibited by Central Bank of Sri Lanka & Sri Lankan Statuary Law, If any thing went wrong no legal action could be taken. If any one using foreign facilities, in the event of scam, taking legal action cost fee is higher than these trade gain.


Most of the foreign trade access are scam, operated by Nigerian.   

roshan1039, abp1970, samaritan, dayandacool and geesura like this post

dayandacool

dayandacool
Moderator
Moderator
@Miss-Sangeetha wrote:Crypto, Digital currency, forex trading by individual, prohibited by Central Bank of Sri Lanka & Sri Lankan Statuary Law, If any thing went wrong no legal action could be taken. If any one using foreign facilities, in the event of scam, taking legal action cost fee is higher than these trade gain.


Most of the foreign trade access are scam, operated by Nigerian.   
Agree with you on this!!!



Last edited by dayandacool on Sat Nov 21, 2020 10:19 am; edited 1 time in total

THUWA and geesura like this post

dayandacool

dayandacool
Moderator
Moderator
@dayandacool wrote:
@Miss-Sangeetha wrote:Crypto, Digital currency, forex trading by individual, prohibited by Central Bank of Sri Lanka & Sri Lankan Statuary Law, If any thing went wrong no legal action could be taken. If any one using foreign facilities, in the event of scam, taking legal action cost fee is higher than these trade gain.


Most of the foreign trade access are scam, operated by Nigerian.   

I have tried to inform that the Risk levels are not worth it at the beginning of this thread and there is a reason why CBSL has banned these sort of trading practices. If anyone has ever made big money constantly in these segments, Please come forward. I certainly haven't seen a one!!! Very Happy Very Happy

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Someone would say it is too much risk to take to invest in stocks instead of starting a FD in a bank for a fixed gain.

This is just another level of that. Our stock market investors think it is too risky to invest in crypto. If you think it is too risky, avoid it. No one forces you to invest. But don't forget there are so many people out there who earns a lot from crypto as same as people earning from stock market.

Also keep in mind that risk takers are leading this world. There's nothing without a risk. Everything comes with a risk. But you have a choice to take it or avoid it. That's it. They are just levels that you think "safe". Nothing and no one was "safe" ever.

dayandacool, Kipling and Keshav like this post

spindain dislikes this post

dayandacool

dayandacool
Moderator
Moderator
@KavinduTM wrote:Someone would say it is too much risk to take to invest in stocks instead of starting a FD in a bank for a fixed gain.

This is just another level of that. Our stock market investors think it is too risky to invest in crypto. If you think it is too risky, avoid it. No one forces you to invest. But don't forget there are so many people out there who earns a lot from crypto as same as people earning from stock market.

Also keep in mind that risk takers are leading this world. There's nothing without a risk. Everything comes with a risk. But you have a choice to take it or avoid it. That's it. They are just levels that you think "safe". Nothing and no one was "safe" ever.


So Kavindu has succeeded. It's great if you could sustain it in the long run and I wish you all the best. Anyone else?? Shocked Shocked

roshan1039


Moderator
Moderator
Forums are there to debate and share ideas, someone can tell this is good that is good. Others will have different ideas.
If we share our views only someone can understand, otherwise just because we dont like to take that risk we cannot keep our mouth shut.
I have experienced crypto well, because of my experiences i dont recommend it.
Thats my view, there are number of reasons for that:
You dont have any responsible organization taking accountability of your money, if it is stolen its gone.
It is banned in sri lanka.
There are ways to deposit money but with lot of transaction costs and risks.
Then these are very sensitive to mkt news, if u invest u have to be very alert otherwise following u lost 100%
There is a posibility some accounts get blocked and you wont be able to secure it back.
If someone thinking of investing in crypto u have to master the trading and the platform you are going to use.
Remember you must be a master of trading.
If not forget crypto is my recommendation.

dayandacool likes this post

dayandacool

dayandacool
Moderator
Moderator
@roshan1039 wrote:Forums are there to debate and share ideas, someone can tell this is good that is good. Others will have different ideas.
If we share our views only someone can understand, otherwise just because we dont like to take that risk we cannot keep our mouth shut.
I have experienced crypto well, because of my experiences i dont recommend it.
Thats my view, there are number of reasons for that:
You dont have any responsible organization taking accountability of your money, if it is stolen its gone.
It is banned in sri lanka.
There are ways to deposit money but with lot of transaction costs and risks.
Then these are very sensitive to mkt news, if u invest u have to be very alert otherwise following u lost 100%
There is a posibility some accounts get blocked and you wont be able to secure it back.
If someone thinking of investing in crypto u have to master the trading and the platform you are going to use.
Remember you must be a master of trading.
If not forget crypto is my recommendation.

The most important part of it is that "You could lose 100% of your money" part. I understand that even in share market, companies could bankrupt and share holders stand to lose. But your investment will never be zero.

But in Crypto and Forex, Your investment can become zero. Now that's not called affordable risk to me. But I respect that some see it differently and they are entitled to their own views.  Very Happy Very Happy

roshan1039 and geesura like this post

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
Crypto is your safety net. Nobody can control it even the government. That's is the beauty of it. If somebody says crypto can go zero then gold also can go to zero. there is huge volatility. But I can say bitcoin never goes to zero again. because to mine 1-bitcoin current, the cost is 8000 USD. So how it can go to zero. There is a hacking risk but you can avoid it using hardware wallets. Never keep a big amount in exchange. Bitcoin is the future. it holds value nobody can print it. But bitcoin is not an investment for me it just a safety net. There are different crypto some of them call stable coin which has asset back.  Keeping 1% -5% net asset in bitcoin and Ethereum you can sleep well.

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