[Daily Discussion] Wednesday, December 20, 2017 Bitcoin Markets |
- [Daily Discussion] Wednesday, December 20, 2017
- Insider Trading investigation opened over Coinbase BCH launch.
- Bitcoin Cash BCH is on GDAX
- Update to "Longterm Non-Linear Regression Analysis of Bitcoin Exchange Rate based on price data for over 7 years"
- Looks like the BTC Segwit2x hard fork is happening.
- To those of you who are planning to sell your BTC to time this BCH pump...
- İnteresting Btc Bug Problem Binance
- Thinking Of Switching To Gemini
- Kraken impressions
- Why is BCH rising when trading is stopped on CoinBase (gdax)?
- THIS IS IT
- Your plan for BCH ?
- A BCH question about fundamentals
- FT news releases article advising investor to hodl with cryptocurrency
- A closer look at the massive Bitcoin Cash spike
- Technical Analysis Indicators and How To Use Them
- CFTC: 'Retail Commodity Transactions Involving Virtual Currency'
- Struggling to HODL..
- Bitcoin Price: Fibonacci in action again
- Coinbase/GDAX Brand Perception
- The Power Of Healthy Trading Habits
- Flash Transfers with Freewallet Help Save on Bitcoin Fees
- HELLO, Binance locks people out of the Two Step Autthoz and does nothing to resolve issue. Many concerned.
- Unverified Bitfinex account: max amount of crypto you can deposit/withdraw without triggering KYC/AML?
- Pump and dump watchlist (x-post from r/CryptoMarkets)
| [Daily Discussion] Wednesday, December 20, 2017 Posted: 19 Dec 2017 08:05 PM PST Thread topics include, but are not limited to:
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| Insider Trading investigation opened over Coinbase BCH launch. Posted: 20 Dec 2017 05:06 AM PST The article is a little ambiguous, but this appears to be an internal investigation rather than an external one, though I'd expect it could become one if they do find anything of substance. [link] [comments]  |
| Posted: 19 Dec 2017 04:22 PM PST Dear GDAX Customer, We're happy to announce that Bitcoin Cash (BCH) is now listed and available for trading on GDAX. We made this decision by considering such factors as customer interest, developer support, network security, market capitalization, trading volume, and our Digital Asset Framework. You can read more about Bitcoin Cash on our FAQ page. The following order books have been created and will remain in post-only mode until there is sufficient liquidity for trading: BCH–BTC BCH–USD BCH–EUR Bitcoin Cash was created by a fork of the Bitcoin network on August 1st, 2017. All customers who held a bitcoin (BTC) balance on GDAX at the time of the fork have been credited an equal balance of Bitcoin Cash (BCH) in their GDAX account. Your BCH balance will reflect your BTC balance at the time of the Bitcoin Cash fork, which occurred on August 1, 2017 at 13:20 UTC (block #478559). You can read more about what a bitcoin fork is here and our previous update on Bitcoin Cash here. Thank you, The GDAX Team [link] [comments]  |
| Posted: 20 Dec 2017 03:34 AM PST tl;dr: updated plot Two weeks ago I made this post. I have updated the chart with new data and added a non-linear regression curve based on data before the Mt. Gox Crash. As one can see, this curve lies above the original curve, but below the current price. I added also a small linear plot, which makes is easier to grasp how incredible the price of btc has risen this year. You can skip the following section, if you are not interested in the method itself: Some background on the math I used and how this regression is made, in principle it follows the Least squares method, your goal is to find a function f to minimize R2 = Sum_i (Y_i - f(X_i))2 with a tuple (X_i,Y_i), the date and the weighted arithmetic mean of BTC exchange rates on this date. There are many different ways to choose f, you can try a linear function f(x) = a * x + b, an exponential function f(x) = b * exp(a * x), or f(x) = b * xa. I tried all of them, and some others as well. It turns out that R2 for f(x) = b * xa, with b and a given in the plot, produces the smallest R2 . As you can see, R2 for the regression curve obtained from the data before the Mt. Gox Crash, is significantly larger. I still want to try out the Logistic Function, in order to model the adoption, but I need to find some time first. Finally, there is an infinite number of polynomials which would go through every (X_i, Y_i), but they are not useful in order to predict future developments. Regression analysis is a method where you want to find a relation between the mean value of something with another variable, lets say time. Obviously, bitcoins price does not depend directly on time, it depends on an immense amounts of trades made every day on exchanges, and ultimately on the human psychology ("how much I am willing to pay for this amount of bitcons at the current time?"). But it is impossible to model every single trade and taking some kind of psychological model for the human involved. Instead, one takes a step back and tries look at it at macro level, looking for a model which relates the price of btc to the time. Edit: Some remarks how to find a and b for the functions f described above. One needs to find the minimum of R2 (a,b), therefore dR2 (a,b) / da = 0 and dR2 (a,b) / db =0, with "d" being partial derivative. In case of the linear function, you can compute a and b directly from this. So when I wrote "I tried all of them", I meant "I compute the optimal a and b for all these functions mentioned." [link] [comments]  |
| Looks like the BTC Segwit2x hard fork is happening. Posted: 20 Dec 2017 07:40 AM PST |
| To those of you who are planning to sell your BTC to time this BCH pump... Posted: 20 Dec 2017 09:20 AM PST Don't do it. This ride is not for you and I bet you didn't actually put some rational hours behind strategizing a plan. Especially when there was potential insider trading going on, if so, those people had way more thought into the direction of the market. How I see it is, a good majority stake of coinbase BCH shares will be sold up; which we are already seeing and the rest will hold. Anyone trying to buy in now is FOMO. BTC has way more support, but if you panic sell not only may you lose out, enough of you will trigger stop losses, sales into whales, and confusion in the market. Sit this out and make some money with your BTC by HODLing. Thanks. Remember don't do it. [link] [comments]  |
| İnteresting Btc Bug Problem Binance Posted: 20 Dec 2017 06:08 AM PST -My btc balance in binance Bug, -amount suspended btc balance 0.05805000, -there are many people who have the same problem, -Binance officials are not interested ,those who have trouble write under this title... -to the attention of new members,Warning Binance Btc Balance Bug Problem Guys (. [link] [comments]  |
| Thinking Of Switching To Gemini Posted: 19 Dec 2017 05:45 PM PST Currently using gdax, but I'm now thinking of switching to Gemini. Does anyone have any strong opinions about them, or itBit? [link] [comments]  |
| Posted: 20 Dec 2017 05:48 AM PST I have to say at the moment it works pretty good for me. Rarely a error screen or an order not going through. What are some other opinions this week? [link] [comments]  |
| Why is BCH rising when trading is stopped on CoinBase (gdax)? Posted: 20 Dec 2017 07:47 AM PST |
| Posted: 20 Dec 2017 08:45 AM PST This is it guys! all alts in red, bitcoin on a dip, You wont get another chance, this is going to slingshot so hard.. Theres uncertainty in the market, new people are going fiat, some others are riding the bcash wave, but bcash cant win, bcash is not this innovative technology that is going to take over the world. Is just another fork. I will buy bcash once this is over, since every coin on coinbase is going to do great. But expect a 50% drop in bcash today. [link] [comments]  |
| Posted: 19 Dec 2017 11:16 PM PST What are people planning to do with their stash, were you lucky enough to sell at huge prices on GDAX? Have you transferred and sold else where? Planning to sell at a certain price ? I think I'm going to sell in stages, with 0.25 being my highest target. [link] [comments]  |
| A BCH question about fundamentals Posted: 20 Dec 2017 08:01 AM PST I keep turning this over in my head and would love some corroboration or critique. To preface, I'm very much a Bitcoin bull. Hearing all of the BCH insanity in the last few hours has made me consider again the thought that BCH will ALWAYS have artificially low volume and thus an inflated price. As I understand it, a forked coin leaves prior HODLers with double coins (obviously), but you're also doubling forgotten addresses, long term HODLers who may never sell, and the run of the mill grandma who has no clue there's an address with BCH and BTC (unsure of the feasibility of this one). Am I wrong in thinking that at a fundamental level, BCH is always worse than BTC in liquidity and possible total volume? There seems a weakness at a fundamental level in creating a forked coin and then trying to overtake the prior chain. EDIT: Spelling. [link] [comments]  |
| FT news releases article advising investor to hodl with cryptocurrency Posted: 20 Dec 2017 07:19 AM PST Interesting that such a mainstream and conservative paper has released an article advocating holding crypto. [link] [comments]  |
| A closer look at the massive Bitcoin Cash spike Posted: 19 Dec 2017 11:43 PM PST https://medium.com/@coinandcrypto/why-is-bitcoin-cash-spiking-11e158b734ee TLDR: Bitcoin Cash spiked hard on multiple exchanges (not just GDAX). It went up to almost $6000 on Binance. GDAX has currently taken BCH offline until 9AM pacific tomorrow. This could revive the rally. [link] [comments]  |
| Technical Analysis Indicators and How To Use Them Posted: 19 Dec 2017 07:03 PM PST Discover some Technical Indicators you might not have heard about and learn new approaches for using some old favourites: https://medium.com/@coinloop/technical-analysis-indicators-and-how-to-use-them-aa0fa706051 [link] [comments]  |
| CFTC: 'Retail Commodity Transactions Involving Virtual Currency' Posted: 20 Dec 2017 05:53 AM PST Proposed rule published today via Fedreg: https://www.federalregister.gov/documents/2017/12/20/2017-27421/retail-commodity-transactions-involving-virtual-currency [link] [comments]  |
| Posted: 20 Dec 2017 09:09 AM PST This time it's different. I could sell with the intention of buying back lower, that's bound to make the price rocket. Take one for the team. [link] [comments]  |
| Bitcoin Price: Fibonacci in action again Posted: 19 Dec 2017 01:33 PM PST If you look at the long-term chart (1-year-chart), you see that there were regular corrections around the following price points: ca. 1000 USD Interesting, this follows the fibonacci series: g = (1+sqrt(5))/2 = 1.618034 is the golden ratio. From one correction to the next, the price increases by a factor of "g"! So how does this series look like then?
So the series resembles the actual chart, except that 11400 USD correction, which was (almost) missing. Let's see for how long this trend can move on ... jumping from one intermediate stop with correction to the next... evidently, it cannot go on forever, of course. [link] [comments]  |
| Coinbase/GDAX Brand Perception Posted: 20 Dec 2017 08:45 AM PST Hello, Has the recent debut of BCH on Coinbase/GDAX changed your perception of the Coinbase brand? Brand perception is an important concept in marketing/advertising/pr and a positive perception vs. a negative perception is a difference between the success and failure of a company. At the most watered-down level, I imagine that Coinbase's customers can be divided into three groups. The first group consists of individuals who are low-information customers. Grandma and grandpa fall into this category. Individuals in this category can be of any age- if they are unable to explain in any technical depth whatsoever what a cryptocurrency is, they're in this group. If an individual does not know what a hardware wallet is, if they don't have any idea what blockchain technology is, if they have never heard of the term peer to peer before, they belong to this category. Individuals who gained an interest in Coinbase after hearing media news reports about BTC's recent explosion and purchased upon hearing that news without any further investigation belong to this group. FOMO types belong to this group. Individuals who were recommended by a friend or family member to buy some BTC belong to this group- word-of-mouth recommendations are very powerful motivators and Coinbase is known as the painless platform to start off with crypto-buying. The individuals that belong to this group buy/sell straight through Coinbase and pay the associated fees by transacting through this route. The list goes on but I hope you get an idea of this first group. The second group consists of individuals who have a grasp of the technology that is behind BTC and other cryptos. These individuals may have a rough, perhaps somewhat inaccurate idea of how cryptocurrencies work, but they are learning as they go. Alternatively, the individuals that belong to this group may have a high degree of proficiency when it comes to cryptos and blockchain technology and whatnot. This group contains individuals that are straight hodlers and it also contains individuals who make trades and use exchange platforms. This group consists of those who dislike BCH, those who like BCH, and those who do not yet have a strong stance on either side. This group also contains individuals who are likely to follow crypto-related news, have an app on their iPhone to check prices, and individuals belonging to this group may either keep all of their coins on an exchange or they may use hardware or software wallets. Individuals belonging to this second group may either be True Believers of BTC/cryptos or they may just be in the mix to make a buck, but these fast-money types understand the workings of crypto. The individuals that belong to this group use Coinbase in a manner where they avoid fees by making deposits and withdrawals through GDAX. The third group consists of institutional investors. I don't know much about institutional investors, but I'd guess that it's something like a 50/50 split of those who understand BTC and those who are straight pro money movers, and can capitalize without having a clue about the technology. I don't really have a good understanding of the types of individuals that belong to this group, but I know it exists and makes up a fair portion of Coinbase's customer base. I believe BCH's debut will have almost zero affect on the individuals who belong to group one. I believe BCH's debut was met with mixed reactions among the individuals belonging to group two. I'm unsure of the affect BCH's debut had/will have on group three. The question is, now, just how big is the amount of individuals belonging to group two who dislike Coinbase's introduction of BCH so much that they in turn abandon Coinbase and move on to a platform that allows them to conduct the business they wish without experiencing the frustrations and feelings of doubt one experiences when dealing with a shitcoin-endorsing company. Me- I belong to group two. I dislike BCH. I dislike Roger Ver. This is putting things lightly. I have already experienced feelings of no longer wanting to do my dealings with Coinbase due to their adoption of BCH. It was a strange feeling to have especially because I had read a few times in the past week and a half or two that BCH was going to be deployed 1/1 and it was rumored that it may be sell only. If that had been the case, I would not be feeling negatively and unhappy with Coinbase. I feel like Coinbase's brand perception may be taking a blow with this move. I do not think that it will be taking such a blow though that it will lose business in substantial amounts. I'm not here to advocate some flocking away from Coinbase or anything- hell, I'll probably still use it despite now feeling kinda iffy about it all. I guess what, eh, I'll end this post here... Thoughts? [link] [comments]  |
| The Power Of Healthy Trading Habits Posted: 20 Dec 2017 08:35 AM PST |
| Flash Transfers with Freewallet Help Save on Bitcoin Fees Posted: 20 Dec 2017 08:18 AM PST Bitcoin has shown a tremendous growth in 2017, with its price touching $20,000 and its introduction on to the futures exchanges. As a result, the BTC network is overloaded at the end of the year. Massive transaction delays are reported by all wallet operators, and network fees reach up to hundreds of dollars in equivalent. Freewallet recommends flash transfers or instant off-chain transactions among our users as a way to save your time and money. Flash transfers take literally seconds to be completed; plus there are no fees associated with them.
Alvin Hagg, Freewallet co-founder, explains. [link] [comments]  |
| Posted: 20 Dec 2017 06:18 AM PST I am having a problem with Binance, about a week ago my Google authenticator stop working, I think done in pourpose to prevent people from withdrawing. Anyhow, that was like 10 ago and i am still locked out. I have tried everything, using the keys, using the sms option(thought i always get the message telphone not binding) I have written dozens of messages and nothing, i only get computer generated messages. Is anyone able to give me a hand or tell me how can i go about this. I am certain that it is Binance does this deliberatly. The security issue is far from having been resolved, and this, if there is no security, there wont be any future for Bitcoin, or his cousins. So help me not lose faith. [link] [comments]  |
| Posted: 20 Dec 2017 02:05 AM PST In theory Bitfinex doesn't ask for any docs as long as you don't need to deposit/withdraw FIAT. But does anyone know of unwritten Bitfinex rules when it comes to their AML policies. I'd like to move some of my BTC funds to Bitfinex, but I am afraid it might trigger their verification and they might lock the funds for, well, forever. So how much is too much? Clarification: not a US resident. It would be great if I could receive a public response from Bitfinex reps. [link] [comments]  |
| Pump and dump watchlist (x-post from r/CryptoMarkets) Posted: 20 Dec 2017 05:32 AM PST |
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