[Daily Discussion] Friday, March 02, 2018 Bitcoin Markets |
- [Daily Discussion] Friday, March 02, 2018
- Regarding that "classic bubble chart - We've returned to the mean...
- Establishing a Foreign Entity for Trading on BitMex within the US
- Technical analysis, witchcraft, and you
- BTC - downtrend breakout buy signal + bull move to 15,422 on inverse head & shoulders break
- Einstein Exchange: Scam alert!!
- This Tool helps you find the most profitable path (which exchanges) to buy BTC using any other crypto or FIAT currency
- Best way to buy the Bitcoin in UK ?
- Loophole Allows Tax-Free Bitcoin Exchanges Into 2018
- #Bitcoin escapes from a bearish channel and will go up to $ 14,500
- Quantamize Machine Learning 3-Day Forecast for Bitcoin: Buy
- Spend BTC from paper wallet
- How are Trading Fees/Commission separated for Buy/Sell Transactions (specifically Bittrex)
- How is it possible for Bitcoin to continue a bull run?
- Is there a sub for ICOs?
- Anyone else guilty of spending daily unrealized gains on amazon ����
| [Daily Discussion] Friday, March 02, 2018 Posted: 01 Mar 2018 08:06 PM PST Thread topics include, but are not limited to:
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| Regarding that "classic bubble chart - We've returned to the mean... Posted: 01 Mar 2018 04:43 PM PST |
| Establishing a Foreign Entity for Trading on BitMex within the US Posted: 02 Mar 2018 09:52 AM PST As we know, BitMex is not open to US residents. I've been wondering if it is possible to establish a foreign entity like an IBC based in say the Seychelles and use that to create a BitMex account and trade in a way that doesn't get me in trouble with the US Govt or BitMex (don't want to go against TOS).
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| Technical analysis, witchcraft, and you Posted: 02 Mar 2018 05:10 AM PST Every time someone calls out a TA post, we get a dissertation on market psychology and pattern recognition. That's all great, and I will be the first to acknowledge that patterns exist in complex systems all throughout the universe. However, are we not assuming a level of ecosystem stasis by using past market data for future predictions as well as analyzing past trends? The various crests and troughs we see over bitcoin's lifetime usually correspond to unexpected, defining events. Mt Gox, new market participants, institutional money, China FUD, community drama--the list goes on. To me, it looks like the price is driven mostly by changes within the ecosystem, not by investor sentiment. Investor sentiment follows the news, so unless you have some way of predicting the next big announcement or some offhand comment by Elon Musk praising bitcoin, your TA can only account for a short window of time after you make your analysis; and in that case, what good is it? I don't like to shit on the work people do, but at the same time, I know there are many who put real money on the line based on others' predictions so I think this is an important topic. Especially since 46.5% of the top daily posts here are TA. [link] [comments]  |
| BTC - downtrend breakout buy signal + bull move to 15,422 on inverse head & shoulders break Posted: 01 Mar 2018 05:42 PM PST BTC is currently trading above 11,044 and needs to close above 11,044 to confirm a breakout of the downtrend that's been in effect since the ATH. It could be argued that we had a breakout and retest of the downtrend line in last 2 days. Another scenario would be Friday's candle pulls back to confirm the blue uptrend line then breaks through and closes above the 11,044 resistance... that would also confirm the breakout. We had the surge in up volume today and the stoch indicators are pointing up so the conditions are looking good. A bull move on an inverse head & shoulders break is also probable... a close above 11,775 at the the neckline would be the catalyst for a bull run to the 61.8% extension at 15,422. [link] [comments]  |
| Einstein Exchange: Scam alert!! Posted: 01 Mar 2018 10:58 PM PST I opened an account over a month ago and instantly bought $300 worth of BTC, with the hopes of being able to transfer it out to another wallet. Nope. I've chatted with numerous employees and have yet to get my account verified, even though I sent in all requested documents. I even had an employee tell me that there is no time frame for when they will verify US accounts. No time frame?! They for sure are scam artisits. If this post saves one person from registering and spending money there, then it would have been well worth it. And if on the off chance someone from Einstein exchange reads this, my email is llowlor@gmail.com, verify my shit! [link] [comments]  |
| Posted: 02 Mar 2018 08:54 AM PST Using Coinlib's new Best Price Explorer tool you can check and find what's the most (and least) profitable path to buy BTC using any other crypto or FIAT currency and vice versa. [link] [comments]  |
| Best way to buy the Bitcoin in UK ? Posted: 02 Mar 2018 08:10 AM PST Simple question, which one is better from your experience ? Bittylicious vs Coinbase And why ? Thanks for your help xxx [link] [comments]  |
| Loophole Allows Tax-Free Bitcoin Exchanges Into 2018 Posted: 02 Mar 2018 07:52 AM PST After December 31, 2017, it is clear that only real estate can be the subject of a tax-free 1031 exchange. A 1031 exchange is a swap of one like kind business Investment asset for another. The IRS treats most swaps are taxable as sales, so 1031 is an exception to the normal rule. The IRS says cryptocurrency is property not currency. So, many investors assumed that meant you could swap them tax-free under section 1031. But whether 1031 applied to cryptocurrency until year end is debatable. Some tax advisers say no, while others yes, provided that you did it all carefully. Shutterstock That 'carefully' part turned out to be important. Some crypto investors bought and sold without trying to improve the "exchange" optics. Whichever side of this debate you are on, the massive tax bill that was just passed limits 1031 exchanges to real estate. Yet even that new tax law is having a curious impact among crypto investors, who want to keep debating. Sure, the law now says 1031 is only for real estate. But does that change in the law strengthen or weaken the argument that 1031 can apply to crypto deals done in say 2016 or 2017? Some say the fact that Congress changed the law (prospectively) makes it clear that before the change in the law, crypto swaps were OK. Others say the reverse. It is not clear what the IRS will say. What's more, there are at least some indications that there's a last ditch effort to do crypto deals before the end of 2017, including some that might be extended into 2018. The new law (saying 1031 is only for real estate) goes into effect for deals after December 31, 2017. However, the law says that, "[A]n exception is provided for any exchange if the property disposed of by the taxpayer in the exchange is disposed of on or before December 31, 2017, or the property received by the taxpayer in the exchange is received on or before such date." What this means is that (if 1031 does apply to crypto swaps), it still does through the end of 2017. But is that enough time? For a direct two party swap, it may be. And what about extending into 2018? It might go something like this. Suppose that you want to trade Bitcoin for Ethereum. Assume that your tax adviser is convinced that such a cross-species swap is OK under 1031, until the end of 2017. But, instead of selling your Bitcoin, say you buy the Ethereum first, though a qualified intermediary. Once you do that, you could have up to 45 days to designate the property the intermediary will acquire for you. Then after that, you should have another 135 days (for a total of up to 180 days from your original purchase transaction) to actually have your intermediary get the other leg of the "exchange" closed. You could call this a reverse exchange, because it involves buying before selling. Assuming that 1031 applies to a direct Bitcoin for (say) Ethereum swap, this kind of year-end reverse exchange arguably should too. Of course, you would still want to observe the formalities, actually have an intermediary, and actually have documents (such as an 'exchange agreement') that spells out all the particulars. When it comes right down to it, one reason many investors might fail to meet 1031's requirements may not be that their deal involved crypto, but rather that they just sold their crypto (taxable), and bought something else. If you were doing that with real estate, that would not work either. One can always make arguments, of course. But if you are arguing for 1031 treatment, you might expect the IRS to focus on documents, mechanics, and reporting. Meanwhile, crypto investors are already searching for other ways to try to diversify without paying all the taxes. Source : forbes.com [link] [comments]  |
| #Bitcoin escapes from a bearish channel and will go up to $ 14,500 Posted: 01 Mar 2018 03:23 PM PST Bitcoin signals: Bitcoin escapes from a bearish channel and will go up to $ 14,500 In the latest forecast published the goal upwards from $ 6,800 to $ 10,150 came in 12 days, congratulations to those who entered. Bitcoin seeks to escape the bearish trend (1) that kept it in decline since last December 19, after the wave of news of regulations and prohibitions of China, of South Korea and others, which produced a massive sale in the last two months. The price last week tried to break the bearish channel and was rejected. There has been a "golden cross" between the short-term moving average and the medium-term one (2), which has allowed it to sustain the increase it has been experiencing for more than 22 days. Once the channel is broken with a rise of more than 4%, the price of Bitcoin goes to the area of $ 14,500 in future sessions, in daily operations. More... http://en-efectivo.blogspot.com/2018/03/bitcoin-signals-bitcoin-escapes-from.html [link] [comments]  |
| Quantamize Machine Learning 3-Day Forecast for Bitcoin: Buy Posted: 02 Mar 2018 06:05 AM PST Quantamize has re-run its proprietary cryptocurrency machine learning algorithms for a basket of cryptocurrencies. Our 3-day forecast "Buy/Don't Own" signals have been updated for recent price, volume and transaction data. For those curious about the reliability of these signals, they have an accuracy rate over 60%. Over the next few weeks, we will be releasing this product on our website for 25+ cryptocurrencies. The formal release will include performance data as well the statistics supporting the conclusions of the models. [link] [comments]  |
| Posted: 01 Mar 2018 08:32 PM PST Can i use the wallet on Blockchain.info to sweep my paper wallets? I thought this was doable a few months ago, but it seems that option has been removed. Are there any other easy and safe options? Thanks [link] [comments]  |
| How are Trading Fees/Commission separated for Buy/Sell Transactions (specifically Bittrex) Posted: 01 Mar 2018 06:57 PM PST If I look at the first Sell/Buy orders I ever did from Bittrex, I am confused how the commission/fees are broken up from the price paid. For example, my first 2 orders look like this (ETH > BTC > ARK): #1 Exchange: BTC-ETH Type: LIMIT_SELL Quantity: 0.14335000 Limit: 0.07950900 CommissionPaid: 0.00002848 Price: 0.01139761 #2 Exchange: BTC-ARK Type: LIMIT_BUY Quantity: 20.14156323 Limit: 0.00056305 CommissionPaid: 0.00002835 Price: 0.01134070 Because I always maxed the amount I could trade, my thought is that the Price from the 1st transaction would equal the Price of the 2nd transaction + 2nd transaction CommissionPaid. However, the Price + CommissionPaid for the 2nd transaction = 0.01136905. This is less than the price from the 1st transaction. In fact, the difference between them is almost exactly the price of the CommissionPaid for the 1st transaction. For SELL transactions, is the CommissionPaid included in the Price, and for BUY transactions it is not included? I am very confused and any clarification would be helpful. Thanks! [link] [comments]  |
| How is it possible for Bitcoin to continue a bull run? Posted: 01 Mar 2018 09:51 PM PST I'm asking because I am utterly clueless. This is not FUD, this is me attempting to understand. A lot of people know that I have Bitcoin, and they considered buying some in December, which is when I did. Now that there has been a crash, they would never in a million years buy Bitcoin... unless it went back to it's all time high. So if there isn't any new money entering the market... how in the world can it even go back it's previous all time high in the first place? The price can't go very high without new money, that's what fueled that last bull run. So if I'm somehow missing something, or if I'm completely correct, I'd like to hear your thoughts and inputs about this. [link] [comments]  |
| Posted: 01 Mar 2018 09:58 PM PST |
| Anyone else guilty of spending daily unrealized gains on amazon ���� Posted: 01 Mar 2018 08:16 PM PST Went up 150 in my portfolio today , bought myself a home speaker [link] [comments]  |
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