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    Monday, February 5, 2018

    [Daily Discussion] Monday, February 05, 2018 Bitcoin Markets

    [Daily Discussion] Monday, February 05, 2018 Bitcoin Markets


    [Daily Discussion] Monday, February 05, 2018

    Posted: 04 Feb 2018 08:06 PM PST

    Thread topics include, but are not limited to:

    • General discussion related to the day's events
    • Technical analysis, trading ideas & strategies
    • Quick questions that do not warrant a separate post

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    submitted by /u/AutoModerator
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    Let's have some good news for a change

    Posted: 05 Feb 2018 06:16 AM PST

    Listen up. It's not the end of the world. The blue ball keeps spinning, the red one still burns our backs and crypto is more known and used throughout the world than it ever has been. Innovation, work and spread are on an all-time-high.

    We did a lot in the past years, and the future looks more than bright. We are at the beginning of a revolution that might change the world for the better. Now get yourself together, have some good news and then shutdown your computer and take some time off crypto. It's all going to be good in the end. Yes, I promise. Here, have a hug.

    Hot & spicy, fresh out the oven:

    Singapore: Singapore Airlines & others will use the Blockchain https://www.coindesk.com/singapore-airlines-launch-blockchain-based-loyalty-wallet/

    Canada: Canada's regulators approve ETF for crypto, government looks into crypto http://blocktribune.com/blockchain-etf-approved-canadian-regulators/ http://www.tokenverse.com/news/canada-looks-to-blockchain-for-airline-security-government-transparency/

    SK & China: South Korea & China still see great potential in crypto https://coindoo.com/south-korea-and-china-collaborate-together-to-develop-the-blockchain-technology/

    Europe: The EU wants to jump on board and push innovation in the blockchain space https://www.neweurope.eu/article/eu-jumps-blockchain-train/

    Luxembourg: Line to open an exchange http://delano.lu/d/detail/news/line-corp-considers-luxembourg-crypto-hub-report/168737

    Liechtenstein: Head of state of financial hub Liechtenstein, Crown Prince Alois thinks about adopting crypto https://www.express.co.uk/finance/city/914559/Bitcoin-price-why-BTC-falling-today-cryptocurrency-news-value-crash-latest-blockchain

    Iceland: Crypto miners set up camp in countries like Iceland and Canada and move to more eco friendly mining https://btcmanager.com/big-environmentally-friendly-cryptocurrency-mine-set-land-iceland/

    Russia/Switzerland: Crypto exchange for institutional investors https://btcmanager.com/russian-state-bank-open-crypto-exchange-institutional-investors-europe/

    We are not standing still, we are moving. But you think banks & governments will just roll over and take it, without pushing back? Hell no. This will be a rough ride. So buckle up and enjoy. Now go away and do other stuff. Come back in a month or two.

    And remember why you are in this. Not to make money, but to take some freedom back. It's time to decide if you're willing to fight for it.

    See ya!

    submitted by /u/JustBatman
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    For anyone panicking...

    Posted: 05 Feb 2018 07:05 AM PST

    Even though the downtrend is becoming steeper and steeper, almost vertical now on the 1-hr and 4hr charts, this is good news in a way because it means the end is getting closer.

    Why does it mean the end is getting close?

    Because a market going vertically straight down is just as unsustainable as a market going vertically straight up. Trending can be sustained forever, but not going vertical.

    Going vertical also means we'll find our final support much quicker than if we were moving in a more diagonal direction.

    Personally I think the bottom is between 4500 and 6500 and at this rate we'll be there by the end of this week.

    submitted by /u/BitcoinBombay
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    Buy and Hold 31 Cryptocurrencies for 365 Days - Week 25 - Down...down...down

    Posted: 05 Feb 2018 06:35 AM PST

    This week's least worst: STX (-40%)

    This week's biggest loser: XDN (-39%)

    Portfolio change this week: -35%

    Week 25 Results

    See the rules for the experiment here.

    submitted by /u/Tetragrammatron
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    Can a competing cryptocurrency make Bitcoin obsolete?

    Posted: 04 Feb 2018 10:10 PM PST

    This place is so toxic

    Posted: 05 Feb 2018 08:56 AM PST

    I get it, everyone wants to be right and predict a trend. But in every post I've read thus far, all the comments are negative.

    The same negative comments are coming from the same people with 100 karma and just berate people who try to give their opinion.

    "There's no facts in your logic, it's all emotion" "What are you even talking about, of course XXX doesn't play a factor, jeez you're stupid LOL""

    Meanwhile those people posting negative comments are asking what a good alt currency is. Or is bitching

    I saw a title to a thread earlier, nobody truly knows what's going on. Just like the regular old stock market in most cases. Which is a good thing.

    submitted by /u/GoOnNoMeatNoPudding
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    Buy and Hold 31 Cryptocurrencies for 365 Days - Week 24 - Meh.

    Posted: 05 Feb 2018 06:32 AM PST

    This week's least worst: EOS (+14%)

    This week's biggest loser: PPC (-6%)

    Portfolio change this week: +8%

    Week 24 Results

    See the rules for the experiment here.

    submitted by /u/Tetragrammatron
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    Bitcoinmarkets Party

    Posted: 05 Feb 2018 02:57 AM PST

    Hey guys,

    I think it's time we organized a Party. Let's have a blast and party like it's Dec 6th 2017.

    I will be in San Fransisco in March to visit some Bitcoiners, so maybe we organize a Party in Vegas?

    In April/May I can organize one in Europe.

    June in Asia? I'll be in Hong Kong for the whole month of June

    Anyone interested in getting fucked up with some Bitcorners

    submitted by /u/L14dy
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    At what point do alts begin gaining satoshis?

    Posted: 05 Feb 2018 09:49 AM PST

    In the event bitcoin goes all the way down to 100. Does that automatically place the value of eth at 10.00 or LTC at 2.00 or do they stand on there own 2 feet at some point and begin gaining ground in terms of satoshis. If they cannot, we are all just really investing in Bitcoin under different names.

    submitted by /u/Gr8angler
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    Adding fuel to the fire.

    Posted: 05 Feb 2018 09:04 AM PST

    Who is selling and why?

    Posted: 04 Feb 2018 07:25 PM PST

    There are literallt very bullish news every day. Does someone have a theory of what's going on?

    submitted by /u/aelaos1
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    Krugman to Bitcoiners: I feel pleasure that the bubble burst

    Posted: 05 Feb 2018 09:40 AM PST

    Nobel Prize winner Paul Krugman feels vindicated after warning that the Bitcoin bubble was a bubble. And it is hard to argue against Krugman, now that Bitcoin has crashed badly. Two days ago in Twitter, he wrote: "I am surely not the only person experiencing a fair bit of cryptofreude -- pleasure in watching the Bitcoin etc bubble deflate. Bitcoin cultists tend, after all, to be nasty as well as crazy; not all of them, but surely above the average 1/"

    https://twitter.com/paulkrugman/status/959801709794078720

    submitted by /u/Cameliano
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    1Fox, sister-site of 1Broker is, in theory, releasing tomorrow. Leveraged BTC trading

    Posted: 05 Feb 2018 08:48 AM PST

    I've been a part of the testing users for the past week or so and I have to say the platform feels pretty cool.

    Leverage up to 5x, both long and short. It could probably benefit with some more users knowing about it though. I don't know why they aren't doing any sort of advertising for it.

    Oh well, let me know what you guys think if you decide to try it. Currently BTCUSD only but hopefully they will add more in the future.

    submitted by /u/taranasus
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    Bitcoin - Where The Price is Heading Next? Bullish Divergence Appears - Technical Analysis 2/5

    Posted: 05 Feb 2018 12:33 AM PST

    Positive fundamentals and the bitcoin crash. It doesn't work the way you think.

    Posted: 05 Feb 2018 07:45 AM PST

    https://i.imgur.com/CpqogIm.png

    In markets good fundamentals occur at tops and bad fundamentals at bottoms.

    submitted by /u/SpontaneousDisorder
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    What EMA do you guys use for crypto?

    Posted: 04 Feb 2018 06:56 PM PST

    I was using 13 and 48 primarily but have heard for crypto to consider 12/26. Curious on what others have found success with.

    submitted by /u/Native411
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    BTC Bitcoin - Feb 5 - 3AM Update - Elliot Wave Arguments, Deduction, Targets, Bull and BEAR Scenario

    Posted: 05 Feb 2018 03:04 AM PST

    All I ask is that you consider my material. I currently have 80,000+ followers on Youtube, Twitter, and here combined where my goal is to help improve the crypto community. I'm a crypto analyst that likes in Elliot Wave Theory. My Youtube, and on twitter, is the most unique channel currently out and I hope it'll add value to your crypto career as well. https://steemit.com/litecoin/@philakonecrypto/litecoin-ltc-feb-5-technical-analysis-possible-56-gain-if-specific-criteria-met

    https://steemit.com/bitcoin/@philakonecrypto/btc-bitcoin-feb-5-3am-update-elliot-wave-arguments-deduction-targets-bull-and-bear-scenario#comments

    submitted by /u/Philakone
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    It's Starting To Look Very Textbook...

    Posted: 04 Feb 2018 09:21 PM PST

    How should one weighted calculate average buyin price?

    Posted: 04 Feb 2018 04:37 PM PST

    I'm not talking about for tax purposes just purely for my own recollection.

    I know my average buy in price the thing is I've also sold off some of that initial investment and I know my average sales price but given that I've sold some and sometimes rebought later on then how can I determine a fair valuation of what my average buyin truly is which takes into account how I've sold some Bitcoin?

    Merely calculating the averages of all buys only takes into account the purchases and not that some of those bitcoins which had initially been bought had since been sold.

    submitted by /u/PoliticalDissidents
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    Bitcoin debit card help

    Posted: 04 Feb 2018 08:43 PM PST

    Hello, I want to get a virtual bitcoin debit card but I am not sure what to choose and im afraid of getting scammed. Tell me any recommendations. I live in Europe.

    submitted by /u/AlexSNL
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    Having trouble in buying Crypto or sending it in any large amount. Is this usual ?

    Posted: 04 Feb 2018 12:35 PM PST

    I am trying to buy BTC, ETH via Coinbase but am a bit frustrated by the pace of things.

    • I can't buy beyond a certain amount even after full verification of my license etc.

    • I can't transfer any currency like ETH or BTC to Binance without them pausing them for clearing up to 3 days! I thought the entire point of crypto was to be able to transfer it fast among BTC or ETC addresses. The amount was just $1500.

    I tried opening up an account on Gemini and it's been waiting verification for 5 days.

    I guess I am surprised by how cumbersome crypto trading or sending it feels. I am surely missing something here. What should I change in my process to be trading BTC and other coins more smoothly ?

    submitted by /u/maiden_fan
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    How will the price of bitcoin be impacted if governments decide to put their countries entire fiat money and assets on their own blockchain ledger?

    Posted: 04 Feb 2018 06:35 PM PST

    A little confused with EMA crossovers.

    Posted: 04 Feb 2018 01:34 PM PST

    Looking at GDAX specifically... Is EMA12 always the leading average? As of now, the price is going down (LTC/BTC) but EMA26 is on top... Earlier on today when a similar drop happened, EMA12 was on top.

    Is it simply a crossover that indicates trend reversal regardless of which is on top, or a specific order of EMA's?

    Thanks

    submitted by /u/PM_ME_WELSH_STUFF
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