[Daily Discussion] Thursday, January 11, 2018 Bitcoin Markets

If I could make a personal note, if we could please try to reduce some of the hysterics of "next stop $10" or "everything is a fake FUD conspiracy, ATH tomorrow" that'd be great. Having gone through the China-Bans-Bitcoin series, there's the simple fact that nothing we do or post here will change the outcome. Hope for best, prepare for worst, ride the volatility for great profit maybe...

submitted by /u/deb0rk
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Data from the top 20 fastest growing communities in crypto over the last month (X-Post /r/CryptoCurrency)

Posted: 11 Jan 2018 07:25 AM PST

Hey everyone, for the past couple months I have been working on a project called Coinmunity. Coinmunity is an app that focuses on the growth of crypto communities, which in the market right now, has so much effect in driving price changes. Each day it tracks which coins have the combined highest % of growth in their Twitter and Reddit communities combined.

Today, Coinmunity has now been live for one month, so I thought I would share what patterns I have personally picked out, having worked on the data, and observing the rankings during development and while live.

What I have noticed is that you will see certain coins start to creep up higher and higher into the top 10 or 15 communities consistently before a price increase. The best example is TRX. You can see from this reddit post that I made 27 days ago, that /r/Tron had the top community while it was still at $.01 ( and it continues to consistently be in top 10 even now.) I think most of us can agree TRX has some big issues, but the point is that it's very important to know which coins have the most eyes on them; because when people are watching a coin, they'll usually buy it.

Here are the 20 coins with the most growth in their communities in the last 30 days:

#1 TRX - Price Change: +2664.018%, Total Social Change:+3904.851%

#2 VEN - Price Change: +709.507%, Total Social Change:+974.497%

#3 XVG - Price Change: +2005.76%, Total Social Change:+925.614%

#4 ADA - Price Change: +467.414%, Total Social Change:+714.406%

#5 FUN - Price Change: +366.608%, Total Social Change:+611.430%

#6 REQ - Price Change: +646.897%, Total Social Change:+607.782%

#7 BNB - Price Change: +546.153%, Total Social Change:+ 558.920%

#8 SUB - Price Change: +619.376%, Total Social Change:+501.659%

#9 XLM - Price Change: +249.216%, Total Social Change:+501.642%

#10 ARN - Price Change: +1020.204%, Total Social Change:+469.129%

#11 ENG - Price Change: +1162.809%, Total Social Change:+427.344%

#12 MANA - Price Change: +236.856%, Total Social Change:+393.404%

#13 XRP - Price Change: +812.067%, Total Social Change:+389.193%

#14 ETN - Price Change: +60.470%, Total Social Change:+366.755%

#15 QSP - Price Change: +518.553%, Total Social Change:+346.401%

#16 SALT - Price Change: +76.836%, Total Social Change:+331.701%

#17 AST Price Change: +561.384%, Total Social Change:+272.433%

#18 THC - Price Change: +711.952%, Total Social Change:+265.797%

#19 NULS - Price Change: +587.179%, Total Social Change:+234.036%

#20 QASH - Price Change: +104.2105%, Total Social Change:+208.4238%

*Total social change => reddit and twitter growth

It probably wouldn't be the best decision to buy a coin based off just community growth, so Coinmunity pulls each coin's full subreddit to make it easy to quickly research the coin and see if there is any upcoming big news.

Some upcoming features that we think will add value:

Google trends
Marketcap and volume rankings
Track personal investments

If you have an android, the app is currently in development, but I have made a mobile friendly web app that is available at https://coinmunity.co! I will announce on the Coinmunity twitter when it is completed.

As Coinmunity continues to grow, I will start to collect more and more data on social activity surrounding these coins, such as retweets,comments, upvotes, etc. One relationship that I am looking forward to explore is the amount of exchanges a coin is available on vs social growth vs price growth. I think there is a sweet-spot before a coin is widely enough available to experience huge price jumps, where it would be the best time to buy a coin. If this is something you guys are interested in please let me know and I will continue to post each month about further discoveries from the data!

Links all in one place:

ITUNES: https://itunes.apple.com/us/app/coinmunity-bitcoin-altcoin-app/id1322869245?mt=8

WEB APP: https://coinmunity.co

TWITTER (will announce android release on here) https://twitter.com/coinmunityapp

EMAIL: coinmunityapp@gmail.com

submitted by /u/nectarAF
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Here's what's going on in South Korea concerning the Cryptocurrency Market:

Posted: 10 Jan 2018 08:58 PM PST

The Ministry of Justice here raided exchange to find any tax irregularities and also made a press release saying they are recommending the government ban cryptocurrency exchanges because they consider it gambling. They already tried a less stringent recommendation before, but the Korean Parliament voted it down because of constituent pressure. The reason the Ministry of Justice is doing this again is because so much capital is fleeing the Korean stock market and entering cryptocurrency.

When Moon Jai-In became president, there was a lot of expectation for the Kospi and Kosdaq to do well even though he is what Koreans would consider a left wing politician. What they did not expect was the atomic bomb of crypto to explode among the youth and wealthy here. The politicians are getting very confusing signals from the public in how to deal with this because the public is very divided on this issue. The crypto market here is 70% made up of 20-30 year olds who believe this is the future. The very wealthy are seeing unbelievable gains even though they have strong ties to the real estate and stock market. Many others see this as a way of gambling and something that must be banned. All this diverging public outcry is leading to the elections this summer...

In a couple of months, there will be local elections and suddenly politicians find themselves having to take a stance in what is becoming the biggest social, economic issue Korea has faced in a long time. What makes this extremely interesting is that the pressure they feel from the wealthy families here who own the Korean companies is that even though their stocks are suffering, their crypto holdings are far outpacing those losses. Plus the majority of the young vote in Korea is very pro crypto, so they are not sure what stance to take.

If I had to make an educated guess what do I think will happen? They can try to slow it down, but they will have to accept its reality. Right now there is a ban on people making new accounts on the exchanges that is suppose to be lifted at the end of January, but they may try to extend this ban. Eventually they will lift it because the anger from denying the public access to this market will only grow endangering the politicians' careers who are supporting these types of bans. They cannot stop crypto in Korea. It is an overwhelming wave they cannot shore up.

submitted by /u/turkey_is_dead
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Warning: I wired over $100k to Bittrex and they still have not credited it after a month.

Posted: 10 Jan 2018 07:28 PM PST

No idea what's going on at Bittrex but I wired over $100k to them a month ago and they still haven't credited it. I even did a bank trace and the bank confirmed they received the funds.

They barely respond to my tickets and keep going around in circles asking for details which have already been provided.

I am usually very patient but $100k is a lot of money to me and Bittrex are acting very suspicious with their responses. If anyone from Bittrex is reading please DM me.

submitted by /u/Ewics
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Blockfolio alternative for desktop + trade signals and news. social listening, catalyst calendar, export for tax function and much more coming soon.

Posted: 10 Jan 2018 07:46 PM PST

Firstly the URL: https://coinloop.io

We have been working on this project now for almost 3 months and have just begun building the high level features. Which include...

An in depth portfolio tracker that will be able to link to exchanges via API or you can simply upload your .csv trades files
A social listening platform that will correlate data on how popular a certain coin is and pass on that data in an actionable way
A calendar of upcoming crypto events so you know why and how a coin might be pumping
Some more secrets that we are keeping up our sleeve...

Any and all feedback is greatly appreciated, have a great day.

submitted by /u/reekog
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Syscoin (built on Bitcoin) is launching Blockmarket Desktop 1.2 on January 16th, with in-wallet exchange

Posted: 11 Jan 2018 09:26 AM PST

Here is the url if some of you wants to check it out http://syscoin.org. I think it is an interesting project to at least check it out once.

submitted by /u/Karimloo
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Bithumb raided

Posted: 10 Jan 2018 06:03 PM PST

http://mobile.reuters.com/article/amp/idUSKBN1F002B

submitted by /u/noobtrader15
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YoBit is a laggy mess

Posted: 11 Jan 2018 04:40 AM PST

This website has been annoying me for a couple of hours now I've been trying to buy some tokens and its just constant lag avoid if possible. My first and last experience with YoBit.

submitted by /u/CoinTalkm8
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Just made a BTC transaction FASTER than ETH transaction.

Posted: 11 Jan 2018 09:31 AM PST

Hello,

I just bought some BTC and ETH from Bitstamp and sent both to my blockchain.info wallet.

My BTC was credited in less than 2 minutes, but my ETH is still processing (more than 30minutes already).

Why are BTC transactions so fast in Bitstamp? Segwit? I was really impressed.

I know ETH network is congested, but even so its taking too long.

submitted by /u/geomover
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Noob here.

Posted: 11 Jan 2018 09:47 AM PST

Hey y'all! I've been on the bitcoin train for quite some time now, but I've just started doing some research on trading. If anyone has some tips/info they'd like to share, I'm all ears. Thanks in advance!

submitted by /u/wehiz
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PSA: Kraken is carrying out a system upgrade on 11th of January 2018 05:00 - 07:00 UTC (when this post is 6 hours and 54 minutes old)

Posted: 10 Jan 2018 02:06 PM PST

Update 3: The upgrade is going much more slowly than anticipated. It will probably be two hours or more until systems are back online.

Posted Jan 11, 2018 - 12:14 UTC

Update 2: We are still working on the upgrade and may be offline for another hour or more. Will provide another update when we get closer to coming back online.

Posted Jan 11, 2018 - 10:01 UTC

UPDATE: We got a late start and the upgrade is moving slower than anticipated. We now expect to be able to bring services back online by Thursday, 10:00am UTC (2:00am PT) but will keep you updated as we get further in to the process.

Jan 11, 07:34 UTC

In progress - Scheduled maintenance is currently in progress. We will provide updates as necessary.

Jan 11, 05:00 UTC

From our latest status page update:

System Upgrade

Scheduled for Jan 11, 05:00 - 07:00 UTC

We are performing a system upgrade on Thursday, January 11 at approximately 5:00 UTC (Wednesday January 10 at 9 pm PT). Kraken services will be offline for about 2 hours during the upgrade, possibly longer. Withdrawals in all currencies will be offline for an additional 2-3 hours after other systems come online. If you submit a withdrawal request while withdrawals are offline, the withdrawal will be sent after withdrawals come online again.

Posted Jan 10, 2018 - 21:59 UTC

Our blog post also has information about the system upgrade: https://blog.kraken.com/post/1447/system-upgrade/

Please follow our status page and Twitter for updates:

submitted by /u/kraken-eliah
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The real reason exchanges are pausing sign-ups

Posted: 11 Jan 2018 09:45 AM PST

https://medium.com/@Alt_Street/the-real-reason-crypto-exchanges-pause-sign-ups-5bb7637222d1

submitted by /u/grandaddyOG
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MoonMathBot needs your feedback for configuration

Posted: 11 Jan 2018 08:47 AM PST

Hey, I'm the MoonMathBot. Please tell me how you'd like me to post moon math.

Should I self post daily?
Do you want to be able to ask for me to respond when called?
Should I integrate with the moon math website so you can participate in the discussion here when you're there?
How much of the Moon Math table would you like posted here when I post?
Are there other subs I should post to?
What other features would be nice to have?

http://moonmath.win

submitted by /u/MoonMathBot
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still waiting for GDAX withdrawal limit increase

Posted: 11 Jan 2018 08:41 AM PST

I requested to increase the ridiculously low GDAX withdrawal limit of $10k on January 2nd, 2018 (I've been a customer since 2013). I still haven't received a reply...anyone else have the same problem?

submitted by /u/oldhickory86
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Possible major flaw in Coinbase Cost Basis for Taxes(BETA) Report

Posted: 11 Jan 2018 08:07 AM PST

It looks like coinbase has rolled out their(new?) Cost Basis for Taxes report in their Tools tab.

But one thing I did notice after downloading and viewing the report is they are somehow counting transfers to and from GDAX as Gains/Loses. This is just the transfer to GDAX not any sort of buying/selling.

Has anyone else taken a look at this and noticed this? Am I reading the data incorrectly? Definitely possible.

My data looks significantly inflated because of this, if this is what's going to be sent to the IRS a lot of people could possibly be on the hook for more than they should.

submitted by /u/LanDloyd
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Likelihood of Korea banning crypto trading?

Posted: 10 Jan 2018 08:29 PM PST

Ok .. what is really happening in Korea?

https://www.reuters.com/article/us-southkorea-bitcoin-law/south-korea-justice-ministry-prepares-to-ban-cryptocurrency-trading-exchanges-raided-idUSKBN1F00B7

That likely or just FUD?

submitted by /u/iymustwbhl
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Cheapest Transaction Fee's???

Posted: 10 Jan 2018 12:59 PM PST

As a new guy to the Bitcoin world, I am finding lately I am unable to move what little bitcoin I have due to miners fee's. I was going to send my small amount of $200 from my Exodus wallet but the fee was going to be almost $50! I tried thru Blockchain.info and it wouldn't even let me put in the amount I had in my wallet minus the fee on the bottom, it had a separate btc number and it was another $46 fee to move it! I looked at shapeshifting and it was a $55 to shapeshift into most other coins. How do I get around all of these fees?

submitted by /u/Gumbi17
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Bestrate.org - new way to trade

Posted: 11 Jan 2018 01:01 AM PST

Found this project, and it seemed really cool to me. For newcomers, I think, it's the top. For to get into all the trading tricks (and master tricks of the trade) you need some time. Did anyone use it? What do you think about monitoring aggregators?

submitted by /u/ErvinWalters
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Cryptopia Now Allowing New User Registrations!!!!!!!!

Posted: 11 Jan 2018 01:53 AM PST

I've been waiting very impatiently for this. I had the URL bookmarked and checked every day for a while now. Just now it finally worked. Enjoy!

https://www.cryptopia.co.nz/Login/Register

submitted by /u/98MarkVIII
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Accurately calculating Bitstamp's fee via the API?

Posted: 10 Jan 2018 01:08 PM PST

submitted by /u/PM_ME_WELSH_STUFF
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Can Canadian residents withdraw USD into a Canadian Bank that provides USD Bank accounts?

Posted: 10 Jan 2018 02:50 PM PST

For example: Bitfinex USD withdrawal > into USD Bank Account provided by a Canadian Bank > Money is cleared > Information is available for tax purposes.

Some banks in Canada provide bank accounts for USD. Will this work? Or will I bump into issues because Banks in Canada don't like clients that deal with bitcoin/cryptocurrencies. So how would that work with the transfers being received in the bank account when they see company names such as "Bitfinex" or anything with "Bit..." or "Crypto..." or "Coin..."?

submitted by /u/invisible-money
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Unload / selling strategy

Posted: 10 Jan 2018 02:33 PM PST

Hey, I need help getting my selling strategy in order. I bought an apartment, an unfortunately I need to dig in my BTC reserves to do the transaction.

I need X amount of cash available on Monday 26. of March and average sale over the last x days seems to me like the most sensible option.

Any other suggestions?

Open for everything, like sell a certain % each time the price goes above the past Xdays floating average. And ofc selling everything just in time to get the cash to my bank account.

Come on sensible guys, I need YOUR help.

Thanks

submitted by /u/mba88
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Bitcoin trading bot? - I would like to increase my position

Posted: 10 Jan 2018 10:23 AM PST

Anyone had good luck with bots? I'm a happy hodler, but would love to increase my position. Anyone have experience with bots? A lot of the out there but not a lot of reliable info on how they work.

submitted by /u/rrdrummer
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Breaking News

CryptoCurrency

Thursday, January 11, 2018

[Daily Discussion] Thursday, January 11, 2018 Bitcoin Markets

[Daily Discussion] Thursday, January 11, 2018 Bitcoin Markets

Update 3: The upgrade is going much more slowly than anticipated. It will probably be two hours or more until systems are back online.

Posted Jan 11, 2018 - 12:14 UTC

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