[Daily Discussion] Thursday, February 08, 2018 Bitcoin Markets |
- [Daily Discussion] Thursday, February 08, 2018
- UpBit guarantees Tether will be 1:1 USD even if there's a future USDT problem.
- 11 Signs that everything is going to be fantastic in Crypto World
- Kraken 8 months waiting
- Nice pump OKEx. I am watching
- My theory about the bull run of 2017, the crash and institutions (THEORY)
- Trading Cryptocurrency 101 - The Anatomy Of A Breakout
- Most Efficient Mining Technique
- Another possible US govt. shutdown in next 48 hours, is this bullish news ?
- Malta, bitcoin day trader
- Weiss looking bullish. “Cryptocurrencies: Reward, Risk and Reason”
- Poloniex needs verification, Where to buy/sell bitcoin without verification?
- Federal Reserve already looking into blockchain and to decide on faster payments solution by 2020.
- Can someone explain how the criptotrading future works?
- What stage is Bitcoin in?
- ‘Hodl Nuts’ Are ‘Cyber Terrorists’ and Bitcoin Is Going to Zero: ‘Dr Doom’ Roubini
- Trying to find a Bitcoin/Cryptocurrency analysis paper that was posted here within the last month. Can someone link me?
- Which exchange is first to show a price swing?
| [Daily Discussion] Thursday, February 08, 2018 Posted: 07 Feb 2018 08:05 PM PST Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
[link] [comments]  |
| UpBit guarantees Tether will be 1:1 USD even if there's a future USDT problem. Posted: 07 Feb 2018 07:37 PM PST https://twitter.com/CryptoOfKorea/status/961087459093307393 UpBit's stance on Tether is announced: "We are aware that there are various suspicions related to Tether," said an UpBit official. "We will compensate the same amount of money to customers who have USDT on our exchange even if there is a problem." [link] [comments]  |
| 11 Signs that everything is going to be fantastic in Crypto World Posted: 08 Feb 2018 02:54 AM PST ❤️11 Signs that everything is going to be fantastic❤️
What the news says and what the news means can be 2 completely different things. While many people may feel that they got burnt buying bitcoin in December, the reality is that this is still a normal correction.❤️ No one wants to ban crypto! Tier 1 Countries have no desire to ban crypto, the world is still preparing for mass adoption, banks are not preventing people from buying crypto, big institutions are using crypto daily, the SEC aim to protect consumers against fraud in crypto and the crypto market is still larger than what it was 6 months ago. What does all this mean? A lot of the news in recent times have painted a rather grim picture of the crypto space - there's a lot of FUD (fear uncertainty and doubt) mixed in with fake news and rumours that fuel negative sentiment. Take everything into consideration from a holistic point of view rather than focussing on the scary bits. The one bit of news that needs clarity is the fear that banks are helping to 'ban' crypto by preventing people from buying crypto - this is simply not true. Banks are stopping people from buying crypto using credit cards because frankly, it doesn't make sense that people use credit to buy other money. The banks also need to mitigate credit risk and fraud by taking this stance. So now that you know, doesn't the future seem brighter and so much more exciting? Remember, it's always darkest before the dawn. Oh yeah, and everything is on sale!❤️❤️❤️ [link] [comments]  |
| Posted: 08 Feb 2018 06:12 AM PST Can we please finally settle this! 8 months is way to long.. for an email change support number 831812 /u/Kraken-Tyler /u/kraken-jpj should be first in line by now [link] [comments]  |
| Posted: 08 Feb 2018 03:56 AM PST |
| My theory about the bull run of 2017, the crash and institutions (THEORY) Posted: 07 Feb 2018 08:34 PM PST My theory is that the crypto markets, being unregulated and volatile, are just what institutional investors have been looking for. For the past few years they've been starved of volatility due to stagnant equity markets.. a common investment to have in the portfolio of a hedge fund is XIV, an ETN (exchange traded note) that increases in value as the volatility of the stock market decreases. The question is, how do they enter the market without causing a massive bubble and thus exposing themselves to significant risk? The crypto market cap is currently very small in comparison to other markets. They need to take control of the supply. Step 1 - Accumulation Accumulate loads of bitcoin at low prices (sub 8k), buying without making it look like you're buying/driving the price up. This is done by buying when other people are selling. e.g.
I believe that this was repeated for most, if not every boom/bust bitcoin had in 2017, only the news each time was different. They wait for news to sell to make a crisis seem much worse than it is and to persuade retail investors to sell. Next phase - the mark up Once they have accumulated enough crypto, they start to really pump up the price - Bullish news comes out - e.g. bitcoin futures rumoured to be launching in December - Institutions start pumping the price, mainstream media covers the rise, new investors get involved, this causes the price to go parabolic to 20k At this stage, the big investors are sitting on a pile of bitcoins, with a cost average of probably way under 10k per coin. Yet, they still have a small percentage of the overall number of bitcoins in existence. To lock in profits, bitcoin futures release and they short bitcoin futures at 20k which hedges their positions without tanking the price of bitcoin. Distribution phase
They then dump the majority of their bitcoins onto the market (See flash crash from 20k-10k) but of course this gets bought up as people are accustomed to 'buying the dip' on 50% flash crashes. The institutions are now net short. The price returns to the highs but any good trader would've been able to spot the divergence using TA and would probably sell/short at the next top (bull trap) Step 3- Taking control of the market
By this point, the price of a bitcoin is approx 10-12k and the institutions have made profit twice - from shorting the futures at 20k to 10k, and from selling bitcoins between 15-20k that were bought at under 10k a coin. Most of the bitcoins are now in weak hands i.e. investors who got in at 20k because of FOMO. The institutions proceed to dump the rest of their bitcoins on the market and drive the price down to a range where they will once again accumulate coins (5-10k). They time the dumps so that it wrecks any technical analysis or previous trends. People are not convinced that this is a normal crash and begin to panic. When the 'bubble' reaches the capitulation stage (5-7k) the institutions begin accumulating again. They buy until it reaches the top of the range, and then they set up huge buy walls (support) on exchanges. They then sell into their own walls with huge market orders that scare retail investors into selling, driving the price down to the bottom of the range. They manage to keep the price rangebound until the strongest handed retail investors get bored/frustrated and sell their assets. At this point, the institutions have a huge share of the cryptocurrency supply and are ready another mark up phase which they coincide with news events (SEC meeting, litepay, etc) to give it the impression of a genuine recovery. This time round, they have a large share of the supply and the strongest HODLers are hungry for coins to 'buy the dips' Why do they need a big share of the market? Because if institutions all entered the market at once, the market cap would be in the trillions and a single bitcoin would probably be worth 100-500k. You would still have people who invested early on and had thousands of bitcoins. These people would be able to tank the market at any time just by selling a small fraction of their holdings. This is an obvious risk for institutions who wish to get involved with actual crypto, rather than crypto derivatives. Let me know what you think of my theory. [link] [comments]  |
| Trading Cryptocurrency 101 - The Anatomy Of A Breakout Posted: 07 Feb 2018 08:21 PM PST This weeks pattern is the breakout, a pattern that a lot of traders use to form the basis of their entire strategy. There are two main ways to trade a breakout. From a short term perspective such as trading the push that follows a breakout or using a breakout across a key resistance or support level to spot the first signs of a trend reversal. [link] [comments]  |
| Most Efficient Mining Technique Posted: 08 Feb 2018 05:54 AM PST So I was looking at this nicehash software's list of algorithms for my gtx 1050. There's one algorithm with 1.6+ GH/s but with .0000092 BTC and another algorithm with MH/s speed but with a higher BTC of .0001343 or something like that amount. Which one is the most profitable to solve in the long run? I'm looking to solve 1 or 2 algorithms only and ditch the ones that yield the least or have a very low hash rate. [link] [comments]  |
| Another possible US govt. shutdown in next 48 hours, is this bullish news ? Posted: 07 Feb 2018 11:55 PM PST In next 48 hours another possible US govt. shutdown is a possibility https://www.reuters.com/article/legal-us-usa-congress-shutdown/u-s-senate-leaders-reach-300-billion-federal-spending-deal-idUSKBN1FS0AY & even Trump's ego can possibly force one more shutdown in next few days Trump : 'I'd love to see a shutdown' over immigration So basically US govt can have 2 or 3 shutdowns in 1 year & still many believe in USD [link] [comments]  |
| Posted: 08 Feb 2018 03:22 AM PST Hi, is it possible to day trade btc/fiat and btc/alt pairs full time in malta without paying any tax, without creating any company ? (if profit goes to a foreign bank account) thanks [link] [comments]  |
| Weiss looking bullish. “Cryptocurrencies: Reward, Risk and Reason” Posted: 08 Feb 2018 05:42 AM PST Could be my bias, but Weiss seems bullish on a post-February run for cryptos. Crypto Risk and Reward [link] [comments]  |
| Poloniex needs verification, Where to buy/sell bitcoin without verification? Posted: 08 Feb 2018 12:26 AM PST Hello. I have 2 problems:. 1. Poloniex now requires verification for Legacy accounts. I dont want to verify. Is there any exchange with simillar coins or some way to be without verification?
Thanks. [link] [comments]  |
| Federal Reserve already looking into blockchain and to decide on faster payments solution by 2020. Posted: 08 Feb 2018 02:45 AM PST https://www.youtube.com/watch?time_continue=6&v=dswepaTUcrQ This is a PDF from the Faster Payments Task Force started by the federal reserve. The video on youtube explains the document briefly as well. On page 10 one of their proposals are Ripple. The fed specifically says they are implementing a new payment system by 2020. Explains why Brad himself says hes concerned about 3-5 years and not 3months. Big things are coming and it may not be Bitcoin that wins. how does the community feel about this? This is by no means about xrp its about how bitcoin can compete with it at this point. [link] [comments]  |
| Can someone explain how the criptotrading future works? Posted: 08 Feb 2018 12:37 AM PST |
| Posted: 07 Feb 2018 10:11 PM PST My guess is capitulation? Am I too early? What do you guys think? [link] [comments]  |
| ‘Hodl Nuts’ Are ‘Cyber Terrorists’ and Bitcoin Is Going to Zero: ‘Dr Doom’ Roubini Posted: 07 Feb 2018 07:56 PM PST Earlier this week, Roubini — nicknamed "Dr Doom" for predicting the 2008 financial crisis — unleashed a tweetstorm aimed a floundering Bitcoin and its defiant supporters, or in his words "HODL nuts," "Cryptocrazies," and "Cyber-Terrorists. [link] [comments]  |
| Posted: 07 Feb 2018 10:44 AM PST There was a bitcoin/cryptocurrency analysis paper/pdf that was posted here within the last month or so. It made the argument for a good chance of Bitcoin being made into the "store of value" cryptocurrency and others competing for the payment network cryptocurrency. The paper went into detail about Bitcoin capturing a part of the gold as held as an investment market. It was 10-30 pages and was made by what seemed to be like a GS stock analyzer, but done on their own time. I also remember the pdf being hosted on what appeared to be an Amazon AWS link, but I assume that there are multiple links to the same pdf. Does anyone still have the link to this paper? [link] [comments]  |
| Which exchange is first to show a price swing? Posted: 07 Feb 2018 10:34 AM PST Has anyone done any analysis about the order of which exchange displays major price swings first, and is there a significant lag (seconds? milliseconds?) between exchanges? Logic would say that bigger exchanges get the swings first, and also that whichever part of the world (and whichever exchange is the biggest there) is currently on the sunny side and active, would drive the price? I remember when BTC was still only going up how some people posted prices from India and Australia as indicators of whats to come, but cant recall the exact reasoning. [link] [comments]  |
| You are subscribed to email updates from Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment