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crypto currencies high spreads is a negative sum game
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[QUOTE="new digital, post: 149944, member: 55113"] Bitcoin is at present 50 points but varies to 100 at a spread betting broker, these spreads are fine when there is volatility and trend but account blowing in choppy markets .These spreads at one time used to be 2 % of daily volatility, 2 % over 20 losses is 40%.I trade the same volatility on Dow for 1 % spread , krypto bitcoin spread was 70 for 700 points daily volatility = 10 %. I made eas to forward test bitcoin for 2 months , the spread made it a negative sum game , there were never any profitable periods , the spread killed all profits. This is why many brokers are happy to employ people to open 30 threads on a broker's forum to promote cryptocurrencies. [/QUOTE]
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