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    Monday, November 27, 2017

    [Daily Discussion] Monday, November 27, 2017 Bitcoin Markets

    [Daily Discussion] Monday, November 27, 2017 Bitcoin Markets


    [Daily Discussion] Monday, November 27, 2017

    Posted: 26 Nov 2017 08:06 PM PST

    Thread topics include, but are not limited to:

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    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

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    submitted by /u/AutoModerator
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    Buy and Hold 31 Cryptocurrencies for 365 Days - Week 15 - Best week so far!

    Posted: 27 Nov 2017 07:14 AM PST

    Added a new chart that shows gains since the inception of this experiment.

    This week's biggest gainer: AEON

    This week's biggest loser: LISK

    Week 15 Results

    See the rules for the experiment here.

    submitted by /u/Tetragrammatron
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    Here is a theory on the Bitcoin recent price rise and potential consequences

    Posted: 27 Nov 2017 12:51 AM PST

    The 0.1 percenters are buying up loads of Bitcoin and pumping the price.

    Their goals it pump the price as high as possible until Dec 11 when CME futures are released.

    Then they will open huge short positions on the market and start dumping their Bitcoin. The dump will cause an immediate flash crash and they will profit immensely from the bets on shorts.

    It almost seems too easy. I would be kind of surprised if Winklewii twins are not contemplating doing exactly that. After all, that would be in their rational self interest.

    Thoughts?

    submitted by /u/Yanlii
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    $20,000,000 tether has been issued

    Posted: 26 Nov 2017 05:00 PM PST

    Looks like it's been used to long the market, as bitfinex price is now leading coinbase. whereas it's usually the other way around.

    http://omnichest.info/lookupadd.aspx?address=3MbYQMMmSkC3AgWkj9FMo5LsPTW1zBTwXL

    submitted by /u/firefoxadventure
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    Major Moon Math Update

    Posted: 27 Nov 2017 09:55 AM PST

    I take one week off, and look at what you all went and did.

    I took a wild stab and figuring out the new bull channel, if there's going to be one. It will take more time and data to come up with a stable rate, but this is my best guess for now. I added a log chart for the bull channel, too.

    You can see how aggressive a slight increase in the bull channel is. If it's going to sustain the way it did in 2017 then we're looking at an incredible rainbow. In every color but purple we're over 100,000 USD by the end of 2018 . That's extremely aggressive price performance. What would it take for bitcoin to aquire a 1 trillion dollar market cap by the end of 2018? You tell me, because I can't think of a reasonable scenario. Everything seems to point at a black swan event for USD, or some other major currency.

    The new medium term price target is based on the log scale. 31,620 USD is half way to 100,000 USD, and we're basically half way to that.

    Azop's Rainbow Charts

    Moon Math Table

    • Closing Price: 9,284.14 USD
    Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance
    Doubling Period in Days 45 54 86 106 163 225 419 195 207 175 167
    Compounding Daily Periodic Rate 1.60% 1.33% 0.84% 0.68% 0.45% 0.32% 0.17% 0.37% 0.35% 0.41% 0.43%
    Over $10,000.00 on 2017-12-01 2017-12-02 2017-12-05 2017-12-07 2017-12-13 2017-12-20 2018-01-09 2017-12-17 2017-12-18 2017-12-15 2017-12-14
    Over $31,620.00 on 2018-02-12 2018-02-27 2018-04-23 2018-05-26 2018-08-26 2018-12-14 2019-11-10 2018-10-24 2018-11-15 2018-09-21 2018-09-08
    Over $100,000.00 on 2018-04-26 2018-05-25 2018-09-08 2018-11-12 2019-05-10 2019-12-09 2021-09-11 2019-09-01 2019-10-13 2019-06-29 2019-06-03
    Over $1,000,000.00 on 2018-09-18 2018-11-16 2019-06-12 2019-10-18 2020-10-04 2021-11-27 2025-05-14 2021-05-17 2021-08-08 2021-01-11 2020-11-21
    submitted by /u/jarederaj
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    Retrieving Bitcoin Gold from Electrum

    Posted: 27 Nov 2017 08:49 AM PST

    I tried searching here but wasn't able to find anything. I want to claim my BTG from an Electrum wallet that was holding my BTC around the Bitcoin Gold fork. I have already claimed and converted my BCH from that wallet. I have tried to Coinomi approach but I'm getting a message saying there are not funds available in that wallet. Has anything new been released on how to claim from Electrum yet? Also, since I have claimed my BCH with Electron Cash did I expose myself and possibly get my Bitcoin Gold stolen/lost?

    submitted by /u/ohreallybro
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    4 years since 1k broke

    Posted: 26 Nov 2017 11:03 PM PST

    Today marks four years since Bitcoin first went over $1000USD. What memories do people have of that day?

    submitted by /u/HanumanTheHumane
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    The illusion of price and the era of the mBTC

    Posted: 26 Nov 2017 05:31 PM PST

    I've had this thought for a long time and explored it today with a dash of reasoning and a pinch of pseudoscience and moonmath. As we approach the monumental $10k mark. It's time to start talking in mBTC.

    We've been here before of course, major discussions about what to call smaller units of bitcoin how to use them. It's been mostly cosmetic, some wallets let you change the denomination you see. Where the decimal is displayed is completely arbitrary. The super high price of $10k is an illusion born out of this arbitrary choice of what we call "A bitcoin".

    But let's get real. There's something different here. And it explains why we have this seemingly impossible price action happening before our eyes. In a traditional asset, say like a stock, you have 1 unit worth a price. As that price goes up, it becomes more and more difficult for people to buy it. A stock worth $10k a piece would be unobtainable by most. At least I don't know of anyone who has $10k just laying about. That high price is unstable, there's no support for it, no demand, no buyers. Traditionally there would be a strong inverse correlation between price and demand. As price goes up, demand would weaken.

    However with bitcoin, even with a $10k price tag, someone can still come along and buy $50 of coins with their extra cash or out of newbie curiosity all because of bitcoin's divisibility. People are no longer buying whole "bitcoins" but buying mBTC. Even me this year when I throw some extra cash in to hodl. That inverse correlation between price and demand isn't having any negative effect yet. Only until we run up against bitcoin's fundamental unit, the satoshi, will we see the effect of people getting priced out and demand weakening. That's a way off, in 2029 by my reckoning.

    I tried to put all of this together into a chart, where we've been, and extrapolated to where this potentially can go. After trying to use previous peaks, or halvenings as markers of decimal shifts, I settled upon using a plain logarithmic trend. When that log trend crosses a halfway point ($50, $500, $5000) we find ourselves in a new order of magnitude where the decimal shifts. It seems around every 120 weeks is a good time to shift the decimal. Today mBTC are $9.62 a piece! We are in the mBTC era! in 2 years time it is entirely possible one mBTC could be in the range of $50.

    graphed here is the Bitcoin price vs decimal shifted prices and the various eras before us. yellow=bitcoin, green=decibitcoin, black centibitcoin, blue=millibitcoin. the log trend is shown in dark blue and the decimal shifted trend in dotted lines.

    https://imgur.com/a/ZDeir

    submitted by /u/mabezard
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    for those able to trade on kraken, whats your secret?

    Posted: 27 Nov 2017 05:52 AM PST

    i have problems logging in, placing orders, cancelling orders on both kraken interfaces and the API. Yet, it looks like there are trades taking place and orders moving. For those able to trade - whats your secret? how do you get the exchange to work?

    submitted by /u/Targets80
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    CME FUTURES - What happens to price of asset?

    Posted: 27 Nov 2017 03:20 AM PST

    Does anyone know what usually happens with the prices of assets when they get added to "futures" trading?

    Million dollar question, yes, I know, but just want some input from someone who knows a bit more about these markets.

    Cheers.

    submitted by /u/cryptosnake
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    Bitcoin Futures? Where to trade from Europe?

    Posted: 27 Nov 2017 07:44 AM PST

    Hey guys,

    I want short bitcoin. Where can I do this? I know CME will offer bitcoin option trading, I believe thats 105$ a month. Any thoughts?

    submitted by /u/foxforcefive101
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    How can Blockchain help develop emerging markets?

    Posted: 27 Nov 2017 10:01 AM PST

    Aptoide's COO — will be speaking on "Aptoide's COO — will be speaking on "How can Blockchain help develop emerging markets?" at Blockchain Summit, London " at Blockchain Summit, London https://medium.com/@appcoins/meet-us-in-asia-and-europe-upcoming-events-47dbd7cc3eb6

    submitted by /u/Zafrego
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    Trading vs. Holding

    Posted: 27 Nov 2017 09:44 AM PST

    Do you typically trade your bitcoins; buying and selling for lows and highs? or simply buy buy buy?

    If you do trade, where do you trade to minimize your fees? I've found that the Coinbase fees are simply to high for day trading.

    submitted by /u/adam190131
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    What if the leverage position pays itself out?

    Posted: 27 Nov 2017 09:13 AM PST

    Say i have a leveraged position of 1.0 BTC at 5x lever and bought it at a price of $5000. Now when the price hits $10.000, could i not just pay the loan off of my profits and keep my 1.0 BTC ? Anyone have done that?

    submitted by /u/Error490
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    Zero posts from day traders after the rally?The silence is very telling?

    Posted: 26 Nov 2017 01:57 PM PST

    Maybe they're all out celebrating but I haven't seen any stories from day traders after the huge rally. They usually aren't a modest bunch so either they are all hung over or their bots sold their positions at $8800? Any good 9k stories or just HODL and smile?

    submitted by /u/Nunoyabiznes
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    How can Market making be worthwhile on GDAX with penny spreads on a high-four-figure instrument?

    Posted: 26 Nov 2017 01:59 PM PST

    With such a minuscule spread and no margin available (meaning you need inventory), is anyone actually making money marketmaking on the GDAX? I see no way the numbers/risk equation can add up, yet there's clearly numerous bots fighting to be that 1 cent best bid/offer.

    submitted by /u/BEAST_CHEWER
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    Am I missing something? FAQ and searched, can't find anything about exchanges that accept prepaid cards.

    Posted: 26 Nov 2017 03:50 PM PST

    It could be obvious and I'm just missing it, but are there exchanges that take pre paid cards such as green dot/moneypak?

    submitted by /u/Mercurycandie
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    Please suggest some non KYC exchanges to convert BTC to BCH without any withdrawal limit...

    Posted: 26 Nov 2017 03:14 PM PST

    No, I'm NOT looking for ShapeShift or Changely type exchange. I'm looking for an exchange similar to Poloniex or Bittrex, but without KYC requirement and withdrawal limit for Crypto to Crypto conversion.

    submitted by /u/champBlue
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