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    Saturday, February 24, 2018

    [Daily Discussion] Saturday, February 24, 2018 Bitcoin Markets

    [Daily Discussion] Saturday, February 24, 2018 Bitcoin Markets


    [Daily Discussion] Saturday, February 24, 2018

    Posted: 23 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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    Exchange's process of managing wallets

    Posted: 24 Feb 2018 04:54 AM PST

    Any idea what are the processes that exchanges use to manage cryptocurrencies' wallets? Seems like a really complex task for managing hot wallets for even just 100k users. Not to mention that each blockchain have different implementation naunces.

    Wondering if anyone has insight into this.

    submitted by /u/allhailneuveville
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    Analysis of r/BitcoinMarkets daily discussion activity

    Posted: 23 Feb 2018 02:24 PM PST

    Hi all,

    I thought it might be interesting to take a look at how the activity in this subreddit has tracked the price of BTC in the past years. While a measurement of subscribers is an interesting and often used metric, I think a more interesting value to track is the number of comments on each daily discussion post.

    I wrote a short script utilizing PRAW in order to grab each daily discussion thread's total comment count (summing up continuation threads into a single value). Here's the script (quite hacky, don't trust my coding skills) as well as an edited .csv after cleaning up the output a bit.

    Here is a plot of the daily close of BTC against the number of comments in each daily. I smoothed the number of comments (span of 5) since it was quite variable, so it's better to get a clear picture of general trends instead of a super noisy plot. Also, note that both plots are on the log scale.

    One interesting thing I can immediately see is that while during 2014-2016 the number of comments seemed to follow a linear trend, the current trend of comments from 2017 on is sloping upwards (on a log scale!). Also, commenting activity reeealy bottomed out near the end of 2016, hitting a pretty sustained low for quite some time. I'm not sure exactly why.

    submitted by /u/nickthib
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    Bitcoin.tax help! The first picture shows Net USD decreasing, however, my capital gains summary shows more than $12000, which is not true.

    Posted: 24 Feb 2018 08:15 AM PST

    https://imgur.com/zt1ckF8

    Bitcoin.tax help! The first picture shows Net USD decreasing, however, my capital gains summary shows more than $12000, which is not true.

    Of course, I didn't earn that much money... what is going on?

    submitted by /u/adonisbos
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    Bitcoin Ball

    Posted: 24 Feb 2018 08:03 AM PST

    Started a Fantasy "Bitcoin Ball" League on ESPN. I have 18 spots opened. The Draft will be Sat March 17, 2018. I have a huge interest in Bitcoin and the Cryptocurrency. I do not own yet, due to New York Laws. www.pckcapital.com website needs help and welcome all ideas!

    submitted by /u/Pumajones1
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    Best exchange to use for trading in the uk

    Posted: 24 Feb 2018 07:13 AM PST

    Hi all sorry to bother you i was wondering if any one could help, which is the best exchange for me to use, im in the uk and looking to start trading Long on btc and a few other cryptocurrencies, i was going to use bitfinex but was unsure about the conversion of GBP To USD and how much i would be charged.

    What is my cheapest option for trading which exchange to use i have heard good and bad things, Im looking for an exchange where i can use my gbp from a simple bank transaction.

    i heard that it was expensive for withdrawal fees and trading fees as it had to be done through international bank transfer.Im small time trader i only have £400 and i need to take the fees seriously to see any returns.Any help would be very much appreciated.

    Thank you for your time and patients.I dont want to miss the boat this time.

    submitted by /u/chase4fun
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    Bitcoin death because of no profitable mining!?

    Posted: 24 Feb 2018 03:47 AM PST

    I have a question that whether mining profitability can change the bitcoin fate. I see many potentials for bitcoin and its exterem possible utility in future. However, some people refer to the fact that if the price hits below 5000$, it will be very dangerous for bitcoin since mining is not profitable anymore and no transaction can be done without mining . Considering the fact that it easily hit 6000$ around 20 days ago, do you see it feasible to see bitcoins death by hitting below 5k$!?

    submitted by /u/Aslan666
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    X-Post:https://www.reddit.com/r/ethtrader/comments/7zuhjh/i_made_a_thing_moon_banking_lets_you_rank_banks/

    Posted: 24 Feb 2018 05:13 AM PST

    Exchanges

    Posted: 23 Feb 2018 07:15 PM PST

    What exchange is good to short on for a noob like me. Right now im using gdax but dont think i can short on there. Thanks

    submitted by /u/tributeChet
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    Any chances BTC to hit $10500 by 10 to 11 PM GMT 6+

    Posted: 24 Feb 2018 01:03 AM PST

    As we can see BTC rate is showing some fluctuations, in this case is there any chances to hit $10500 (+ -) by 10 to 11 PM GMT 6+

    submitted by /u/mycryptosecret
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