[Daily Discussion] Tuesday, February 06, 2018 Bitcoin Markets

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• [Daily Discussion] Tuesday, February 06, 2018
• [Megathread] CFTC & SEC Regulatory Hearings
• PSA: "Technical Analysis" is a made-up term to hide the fact that calling it what it actually is, "Chart-reading", makes it sound silly
• If you're feeling depressed, I'll be your friend.
• US: SEC, CFTC Cryptocurrency Meeting Continues Existing Regulatory Narrative
• Today's behavior of Bitcoin
• Yes BTC is down -65% from it's peak. But remember it's also up +21% over past month, 206% over past 6 months, 746% over past year, and 1687% over past 2 years.
• Moon Math Update : 2018-02-05
• Predicting Bitcoin Bottom $5,000
• Did we just hit the bottom? Significant volume increase on GDAX since 9:30pm PST
• Is this a start to return to mean
• Testimony on “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission”
• Link to today’s webcast, 10:00AM EST: Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission
• It was interesting watching BTC and the DOW move perfectly in sync today.
• Was the BTC crash a canary in the coal mine for the stock market dip?
• U.S. Securities and Exchange LEAKED testimony breakdown. What it all means and how this will affect the market.
• The Stock Market Is a Lot Like Bitcoin
• Crypto Currency Startup
• I did it!
• If the stock market is crashing, too...
• I think its over for tonight. I got in at 6666.6 (nice round number), this bounce should last for a few days.
• What are your lines?
• Is crypto considered a luxury-investment?
• Is there a chart to compare bitcoin's behaviour year by year?
• This is the best post I have seen in months explaining the ins and outs of the current crash - Take the time to read it all

[Daily Discussion] Tuesday, February 06, 2018 Posted: 05 Feb 2018 08:05 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: Get an invite to live chat on our Slack group Set your flair to trade pretend money in the Flair Game Weekly threads: Newbie Mondays and Fundamentals Fridays submitted by /u/AutoModerator [link] [comments]

[Megathread] CFTC & SEC Regulatory Hearings Posted: 06 Feb 2018 07:41 AM PST Feb 6: https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission And Feb 15: https://www.agriculture.senate.gov/hearings/state-of-the-cftc-examining-pending-rules-cryptocurrency-regulation-and-cross-border-agreements submitted by /u/deb0rk [link] [comments]

PSA: "Technical Analysis" is a made-up term to hide the fact that calling it what it actually is, "Chart-reading", makes it sound silly Posted: 06 Feb 2018 06:21 AM PST Remember this next time you see a chart with silly arbitrary lines and shapes drawn all over it. And when people tout their successes with it, remember that by definition, someone predicting something will go up or down will be right half the time, and that if you give a everyone in a football stadium a coin to flip eight times, around 250 of them will flip heads every time and all be convinced they are the most skilled coin flippers in the stadium. If you need actual researched proof that chart reading is ultimately fruitless, there are numerous well-regarded books on the matter, of which "A Random Walk Down Wall Street" is my personal favorite. Happy trading! submitted by /u/BEAST_CHEWER [link] [comments]

If you're feeling depressed, I'll be your friend. Posted: 05 Feb 2018 02:37 PM PST Regardless of what coin you are backing and what your portfolio looks like right now, just know that you matter regardless of what the market is doing. Don't get so swept up that it starts to affect your life. If you are thinking dark thoughts, put them aside and send me a message. We are a community and I for one am here to help. submitted by /u/ArcaneDichotomy [link] [comments]

US: SEC, CFTC Cryptocurrency Meeting Continues Existing Regulatory Narrative Posted: 06 Feb 2018 06:59 AM PST The dedicated session involving the US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) is taking place Tuesday, Feb. 6. The written testimonies of Jay Clayton and J. Christopher Giancarlo, the chairmen of the SEC and the CFTC respecitvely, have been released to the public. Cryptocurrency users have reacted calmly to the major meeting of US regulators in which they discussed cryptocurrencies, ICOs and ETFs. submitted by /u/bitlexa [link] [comments]

Today's behavior of Bitcoin Posted: 06 Feb 2018 04:11 AM PST Today there is a steep bull followed by minor dip Is someone trying to manipulate Bitcoin's prices ? When it hits 6000 it hikes up to 6400-6500 within in few minutes & agai back to 6000 To all the HODLers lets hope SEC's bullish news, the China FUD is over & conibase's announcement of Segwit adoption will bring a big bulll in coming days submitted by /u/sagar6191 [link] [comments]

Yes BTC is down -65% from it's peak. But remember it's also up +21% over past month, 206% over past 6 months, 746% over past year, and 1687% over past 2 years. Posted: 05 Feb 2018 01:48 PM PST Today is just a walk in the park for us old timers. Yes many of us have made some bad trades but that's why it's important to have a holding stack you don't touch. Many traders get screwed now but for long term investors this is just a walk in the park and an opportunity to buy more. "Be greedy when others are fearful and fearful when others are greedy" - Warren Buffett Percentage charts can be found using the legacy Google Finance site and/or Bitcoinity. Edit: The 21% up isn't over past month it's over past 3 months. submitted by /u/PoliticalDissidents [link] [comments]

Moon Math Update : 2018-02-05 Posted: 05 Feb 2018 05:21 PM PST Go to http://moonmath.win for the full moon math table and rainbow charts Here's to potentially being wrong about a large move in personal record time. Still, the outlook hasn't changed since Friday's rant, though: https://www.reddit.com/r/BitcoinMarkets/comments/7uu4ju/moon_math_update_20180202/ So, I reckon I'll either be epically wrong or somewhat right this time tomorrow. We went down a lot faster than I expected. We didn't bounce that hard off the bottom of the channel either. It seems like everyone expected that to happen, so it did. I don't expect the channel to break and there seems to be a general lack of effort to force the issue from the market. I think we're waiting on more news from the SEC, and we'll hover here until we know more. If you need distraction, the Falcon heavy launches tomorrow. Good Hunting Moon Math Table Label 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance Labels 7-day Performance 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance 2016 - Present Performance 2015 - Present Performance 2014 - Present Performance 2013 - Present Performance 2012 - Present Performance 2011 - Present Performance July 2010 - Present Performance Starting Price USD $11,158.39 $17,135.84 $16,858.02 $7,118.80 $997.69 $434.46 $313.92 $770.44 $13.30 $5.27 $0.30 $0.09 Compounding Daily Periodic Rate -6.61% -2.98% -1.47% -0.03% 0.49% 0.36% 0.27% 0.15% 0.34% 0.32% 0.39% 0.41% Over $7,943.28 on Never!!! Never!!! Never!!! Never!!! 2018-03-04 2018-03-13 2018-03-26 2018-05-09 2018-03-15 2018-03-16 2018-03-07 2018-03-05 Over $20,000.00 on Never!!! Never!!! Never!!! Never!!! 2018-09-10 2018-11-24 2019-02-26 2020-01-28 2018-12-14 2018-12-27 2018-10-31 2018-10-16 Over $100,000.00 on Never!!! Never!!! Never!!! Never!!! 2019-08-08 2020-02-11 2020-10-06 2023-01-28 2020-04-05 2020-05-08 2019-12-19 2019-11-12 Over $1,000,000.00 on Never!!! Never!!! Never!!! Never!!! 2020-11-25 2021-11-09 2023-01-25 2027-05-16 2022-02-18 2022-04-21 2021-08-03 2021-05-26 Local Bitcoin Volume Moon Math Table Label 30-day Performance 60-day Performance 90-day Performance 2017 - Present Performance From Date 2017-12-23 2017-11-25 2017-10-28 2016-12-31 Starting Price USD 133997865 61248490 54030549 17629542 % Change 71% 156% 177% 542% Doubling Period in Days -75 101 114 167 Days in period 35 63 91 392 Compounding Daily Periodic Rate -0.9592% 0.7097% 0.6294% 0.4323% Over $150,000,000 on NEVER! 2018-04-09 2018-04-17 2018-05-20 Over $316,200,000 on NEVER! 2018-07-24 2018-08-14 2018-11-09 Over $1,000,000,000 on NEVER! 2019-01-02 2019-02-14 2019-08-03 Over $100,000,000,000 on NEVER! 2020-10-15 2021-02-17 2022-07-05 Go to http://moonmath.win for the full moon math table and rainbow charts submitted by /u/jarederaj [link] [comments]

Predicting Bitcoin Bottom $5,000 Posted: 06 Feb 2018 07:18 AM PST Hello all, I'd like to share my chart outside of tradingview. Using the standard phases of a bubble I mapped out bitcoins path over the last month. https://www.tradingview.com/chart/BTCUSD/RUhQOl66-Bitcoin-Bubble/ We have entered despair and I am predicting ~$5,000 as the bottom of this bubble. I believe it will take another 2+ months of time before we will get confirmation of a bottom and 3-12 months before the next bear market starts and we attempt to break the all time high. submitted by /u/chasm378 [link] [comments]

Did we just hit the bottom? Significant volume increase on GDAX since 9:30pm PST Posted: 05 Feb 2018 09:48 PM PST submitted by /u/loupiote2 [link] [comments]

Is this a start to return to mean Posted: 06 Feb 2018 07:07 AM PST Based on already seen chart https://qph.fs.quoracdn.net/main-qimg-ab0ac83a04a4cd48c78fff0985434e0b.webp do you think that despair phase has already bottomed. Based on my guess we are already returning to the mean. submitted by /u/Iamcursed [link] [comments]

Testimony on “Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission” Posted: 05 Feb 2018 11:26 AM PST https://www.banking.senate.gov/public/_cache/files/a5e72ac6-4f8a-473f-9c9c-e2894573d57d/BF62433A09A9B95A269A29E1FF13D2BA.clayton-testimony-2-6-18.pdf submitted by /u/zerohedge101 [link] [comments]

Link to today’s webcast, 10:00AM EST: Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission Posted: 06 Feb 2018 05:33 AM PST https://www.banking.senate.gov/public/index.cfm/hearings?ID=D8EC44B1-F141-4778-A042-584E0F3B9D39 submitted by /u/HODL2020 [link] [comments]

It was interesting watching BTC and the DOW move perfectly in sync today. Posted: 05 Feb 2018 04:44 PM PST https://i.imgur.com/ldeEmil.jpg Seems like the actions today is beyond the crypto market. So question is, does the stock market bring down the crypto market, or do people in stocks see that cryptos are already down 60% and move money over? submitted by /u/mysql101 [link] [comments]

Was the BTC crash a canary in the coal mine for the stock market dip? Posted: 06 Feb 2018 08:45 AM PST submitted by /u/piaknow [link] [comments]

U.S. Securities and Exchange LEAKED testimony breakdown. What it all means and how this will affect the market. Posted: 05 Feb 2018 02:49 PM PST The US Securities and Exchange (SEC) will be meeting tomorrow to discuss in detail their plans for cryptocurrencies. Seems as though some people think the leaked document is good news. I disagree. I believe this is not good news nor is it bad news. Basically, they want to regulate icos and treat crypto as securities. Source: took directly from Leak PDF "increased federal regulation of cryptocurrency trading platforms" "Financial products that are linked to underlying digital assets, including cryptocurrencies, may be structured as securities products subject to the federal securities laws even if the underlying cryptocurrencies are not themselves securities." What implications does this have? Most likely we will initially see a crackdown on ICO advertising followed by some sort of regulation that all ICOs must meet before US citizens are allowed to invest. Furthermore I expect major exchanges residing in the USA to be subject to some type of regulation, this may also have an effect on US citizens using international exchanges. I do not expect this to have any short-term effects on the market. I imagine long term this will bring more security to crypto, followed by a flood of new money. I will post the full leaked document as well as potential investments that may benefit the most from this here: https://www.facebook.com/groups/116014865776792/ submitted by /u/ToothFairyTea [link] [comments]

The Stock Market Is a Lot Like Bitcoin Posted: 06 Feb 2018 07:17 AM PST https://www.bloomberg.com/view/articles/2018-02-06/the-stock-market-is-a-lot-like-bitcoin I see some technical errors/issues (e.g., his statement about anonymous transactions) but I find his core argument to be extremely thought-provoking. "In a sense, thanks to the algorithmic shift, the stock market has become more like the one in bitcoin, also driven largely by algorithmic trading. It's not that the assets in such markets don't have a fundamental value -- bitcoin does, too, insofar as it allows anonymous transactions that are not transparent to the authorities. It's just that the fundamental value matters far less than speculative opportunities, which computers, with their superior ability to analyze statistics, can detect better than humans. Relying primarily on information that can lead to short-term gains means, essentially, feeding on what the rest of the market is doing to a greater degree than a human investor does." submitted by /u/thussprach [link] [comments]

Crypto Currency Startup Posted: 06 Feb 2018 06:32 AM PST I am an MBA student at OU. My group is working on a startup focused around cryptocurrency and we have to interview some crypto investor. If you could comment your answers to following questions below it would be a big help. Do you invest in alt coins? How many different ones? How long have you invested in crypto? Would you use alt coins like cash if you could? How do you feel about the future of crypto currency ? What do you think id the biggest pain point within the crypto currency market? How many different exchanges do you use? Would you be willing to be contacted for a follow-up interview? DM me your phone number and namr if you would be like to be contacted for a follow-up interview. We will send $5 worth of crypto to anyone who gives a quality phone interview. submitted by /u/smj281218 [link] [comments]

I did it! Posted: 06 Feb 2018 06:25 AM PST Hey guys! I did it, I bought 0.03 btc today :) I got my shitty salary yesterday, so I finally joined the club! So happy to be a part of this awesome community with an awesome coin :) I wanted to buy btc for so long now! Welcome to me :D submitted by /u/Azothar [link] [comments]

If the stock market is crashing, too... Posted: 05 Feb 2018 09:12 PM PST Would this be a good point to flee into gold and crypto? I mean, as regulators worldwide try to ban crypto trading, isn't that a good sign to buy into it? For me, it looks like they want to try to rescue the old system. But with ATH in every stock, it's obvious, there couldn't be any money left to sustain this market. Wouldn't it be the best time to buy into the new world of crypto? I have a big part of my savings in stocks and I want to sell about one half of it. What should I do with this money? What's your opinion? submitted by /u/w00dst0ck79 [link] [comments]

I think its over for tonight. I got in at 6666.6 (nice round number), this bounce should last for a few days. Posted: 05 Feb 2018 12:37 PM PST submitted by /u/prof7bit [link] [comments]

What are your lines? Posted: 06 Feb 2018 12:13 AM PST What big lines are you watching for the current drop? Support, Resistance, Short term, long term, 2015-to-now-term, channels, wedges - everything is allowed! submitted by /u/underkuerbis [link] [comments]

Is crypto considered a luxury-investment? Posted: 06 Feb 2018 12:10 AM PST I just made that up... But luxury-goods typically depreciate in value much more drastically than the stock market does for example. If people are losing their shirts on stocks, nobody has any money to buy fancy pieces of art. And today we have seen the crypto markets tumble a significant portion more than the DOW Jones did. Is crypto considered a luxury-investment? submitted by /u/grumpyThrifter [link] [comments]

Is there a chart to compare bitcoin's behaviour year by year? Posted: 06 Feb 2018 03:53 AM PST I mean something like this: Imgur It would be very useful to detect possible upcoming behaviours. With this chart we could have seen in december that every january prices go down...and we could see in july that it probably also goes down on august... Obviusly we would need to adjust the scale because in previous years we were in much lower prices... submitted by /u/jaitor [link] [comments]

This is the best post I have seen in months explaining the ins and outs of the current crash - Take the time to read it all Posted: 05 Feb 2018 12:11 PM PST https://www.reddit.com/r/CryptoCurrency/comments/7vga1y/i_will_tell_you_exactly_what_is_going_on_here/ submitted by /u/joyofpeanuts [link] [comments]

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