[Daily Discussion] Friday, March 09, 2018 Bitcoin Markets |
- [Daily Discussion] Friday, March 09, 2018
- Time to Lift up Those Spirits People, Here Is Why 'Crypto Summer' Is Coming Back and What It Takes to See the Sun Rise Again!
- Jesse Powell, CEO and cofounder of Kraken, on "The Dumpening"
- I'm suing Kraken!
- HitBTC System Health seems to be incorrect
- Technical Analysis with Radial Trend Lines, including a possible forecast for April 2018.
- Gemini verification still long?
- An options trading strategy for hodlers.
- For those day trading btc and executing multiple trades. Mind sharing some advice?
- Regulators Increase Scrutiny as Bitcoin Continues to Sell Off – More and More Bitcoin Looks Like Digital Gold
- Brand new design, faster and smoother experience, dark theme. Check Coinlib out !
- Shity cryptocurrency gets a $100 donation from me.
- Did Korea just pass new regulations? I cant withdraw money from my coinone account
- Bitmex funding question
- Moron Gox, Beargaria, what afterwards?
- Bitcoin to top US$29,000 by year’s end
- Do you really think that the dips in the market are caused by Mt. Gox compensation still?
- What is happening in crypto is what happened in the dot com bubble and prior to that, the invention of the atomic bomb.
| [Daily Discussion] Friday, March 09, 2018 Posted: 08 Mar 2018 08:06 PM PST Thread topics include, but are not limited to:
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| Posted: 08 Mar 2018 11:22 PM PST As written in CoinLive Recap article The tumultuous week in cryptos continues, as the interest towards selling cryptos did not abate on Thursday. Bitcoin, and as a consequence, the rest of Alts, were pushed into fresh multi-week lows. In the short term, a sea of recent FUD has led to depression setting in, as the price action dynamics in cryptos suggest. Bitcoin lost over 5%, closing around $9.4k, with Monero and Cardano hit the hardest. On the flip side, NEM and Ethereum Classic were surprisingly bid, printing gains for the day. The market value is currently at $380 million, fast approaching the low for the year around $342 million. The Bitcoin dominance is steadily anchored above the 40% mark, reminding us of the current Bitcoin cycle we are in. We've entered a phase known as 'crypto winter', however, don't forget that the sun will rise again and summer will follow. If you know of individuals who were boasting large profits in the latest bullish run before their sudden disappearance from chats, that should speak heaps of the quality of participants we had involved in the industry. They won't be there, but the patient ones will stay here to see the industry mature into a more professional crypto landscape with sound regulations to protect one's interest. Remember, top quality assets are getting quite cheaper and cheaper, which is when accumulations pay off the most. Why has gotten so cold this week? The warning by the SEC on potentially unlawful online crypto trading platforms, the temporary ban to operate cryptos by two Japanese exchanges, the scare at Binance after a failed hacking attempt, the findings of the Mt.Gox trustee dumping Bitcoins earlier this year, with more liquidation possible if approval is given by a court of law. These are all factors affecting the drop in temperature as winter sets in. Throw into the mix tentative evidence that, based on the sharp drops seen in Google ad performances, the tech giant might be toughening its stance. Michael Pearl from Finance Magnates writes that "while Google already bans misleading and fraudulent ads, it doesn't want to prevent the entire industry from advertising on its platform. Right now it seems that it might have changed its mind." How will we transition from the cold winter into the much-awaited sunshine of summer? By having patience and be undeterred to all the daily noise one reads. At CoinLive, it's our job to narrate and distill that noise in a way that is objective as we aim to bring you the news market participants and the industry talk about. However, by no means, it should affect your outlook in the cryptos you were so supportive on. If the team, technology, value proposition is there, hold tight as summer is coming back. Cryptos will be a multi-trillion dollar industry. The gap between awareness and adoption will close, the trend in the denationalization of fiat currencies will progress and institutions will come in mass to diversify their portfolios as more legal frameworks are established. Whether or not you are part of it to capitalize on the potential is your own personal decision. The main factor that will determine your survival through winter will be the battle within you for that precious gift called 'patience'. Storms come and go. [link] [comments]  |
| Jesse Powell, CEO and cofounder of Kraken, on "The Dumpening" Posted: 09 Mar 2018 01:13 AM PST |
| Posted: 09 Mar 2018 08:58 AM PST Since December, I've lost about $10k-$11k of real money and lets say close to $40k of unrealized gains due to their crappy technology and I've had enough. Time to make this right. Today after another $2k loss, I transferred as much as they will let me transfer out and I'm looking for others who have had similar experiences who may be interested in joining me. Please PM me your details. My issues: -The ordering backend is not connected properly to the front end. -Ghost orders that aren't shown anywhere in the front end but affect the free margin. No orders or positions but the margin fluctuates every time you refresh. This also affects the amount I can withdraw. -Issues with orders not going through. It tells me to refresh the page to verify the orders. When I do, I see no orders and no positions. I refresh again because I know how shitty their technology is but, still nothing. Think I'm good. Close the page, go do something else. Come back, I have an open position using all my equity @5:1 and a duplicate order that was canceled due to insufficient margin. -I've had super large positions liquidated in December because their site wouldn't allow me to exit positions for hours. I'm going to do whatever it takes to recoup my losses, up to and including wasting 10x of their time and money to make this right. I don't even care if I win. It's principal at this point and I'm going scotched earth on these idiots. I've run a fintech startup in the past and the way they are handling my money is criminally negligent. Time to see to it they don't harm anybody else. [link] [comments]  |
| HitBTC System Health seems to be incorrect Posted: 09 Mar 2018 04:49 AM PST I appreciate transparency, but when the data presented is obviously wrong it makes me worry. I am waiting for more than 1 hour for my ETH withdrawal, however the site says that there are no pending withdrawals in the system and that the avg processing time is 3 min. Both infos are false obviously. Just a warning. [link] [comments]  |
| Technical Analysis with Radial Trend Lines, including a possible forecast for April 2018. Posted: 08 Mar 2018 04:12 PM PST
TLDR: Not sure TLDR is possible. Peak on April 21 with sharp pullback. EDIT: Ok, it's clear to me that I shouldn't have posted the prediction part of this TA. Many people must think I'm putting a lot of confidence in this as a prediction. I'm not, and never have. I put the word "possible" in the title, not "definitely", or even "likely". Sure, it'd be cool to see it happen, but it's not primarily what I'm interested in any way. For those focused on my attempted prediction, please disregard it (of course you will anyway). [link] [comments]  |
| Gemini verification still long? Posted: 09 Mar 2018 04:35 AM PST I have a coinbase account but want to try Gemini. I just submitted and am waiting verification. Looking to acquire a position soon. Is the process still taking weeks? If so, I'll have to use coinbase which I did not want to do but it's more important to get the price I want. [link] [comments]  |
| An options trading strategy for hodlers. Posted: 08 Mar 2018 05:11 PM PST Let's say you are a BTC hodler. And let's assume that in the short term you feel neutral or even bearish about BTC price. Obviously, in the long-term the future is bright. In N years, when the mankind fully embraces the Crypto, you gonna earn yourself a lambo. Or two. But what about right now? How can an average hodler make some money right now with BTC price being stuck between 9000 and 12000 USD? Here's the trick. You need to find a crypto exchange that allows trading options. There are not that many at the moment (only Deribit and LedgerX are worth mentioning) but the competition is coming up. Expect a couple of major exchanges to introduce options very soon. I won't go into details about what options are. For such things we have Wikipedia. Just want to point to some interesting opportunities out there. Let's assume a spherical hodler. He/she has 1 BTC. And he/she doesn't want to sell. Well, unless the BTC price goes to some proximity of the Moon. There's a way to make holding of this 1 BTC more profitable (and definitely more exciting). For that we will need a so-called covered-call options strategy. In a nutshell it consists of writing (i.e. selling) 1 out-of-the-money call option on each BTC one has. The idea is to make some additional profit on selling option's premium if BTC price stays below option's exercise price. And if BTC actually starts going up like crazy there's always a coverage for the call option exercise (that is our 1 BTC we started with). The devil is in the details of course. To make it a good trading strategy our spherical holder has to choose his/her call option wisely. There are several considerations:
Currently the market conditions seem to make this strategy a nearly perfect choice for some short-term gamble. BTC can't break through and keep bouncing of resistance levels. And another important factor: the premiums paid for call options are pretty high at the moment. I'd suggest to have a look at June options on Deribit. Strikes above 15000 look particularly attractive. You are welcome, my dear gamblers. [link] [comments]  |
| For those day trading btc and executing multiple trades. Mind sharing some advice? Posted: 08 Mar 2018 11:54 PM PST What strategies do you guys use? How successful do you find your trading to be, how much do you rely on indicators? I want to know if and how people are scalping btc profitably. I mean if the bots are doing it surely humans can? Thanks! [link] [comments]  |
| Posted: 09 Mar 2018 03:07 AM PST Extreme similarities between Bitcoin and Gold. A lot of people wanted a lower entry! This is probably your last chance [link] [comments]  |
| Brand new design, faster and smoother experience, dark theme. Check Coinlib out ! Posted: 09 Mar 2018 01:54 AM PST At Coinlib our goal is to provide you the best way to track your cryptos and portfolio. Following a very positive welcome from the community after our launch, we're happy to introduce our completely redesigned site: coinlib.io. It features real-time prices, a beautiful dark theme, an advanced portfolio and lots of powerful tools. Bitcoin's Page here [link] [comments]  |
| Shity cryptocurrency gets a $100 donation from me. Posted: 09 Mar 2018 08:57 AM PST I put a hundred bucks into Litecoin and I'm deleting my coinbase app. I'm done watching this roller coaster go up and down. Really really stupid. I have better odds at the local casino. [link] [comments]  |
| Did Korea just pass new regulations? I cant withdraw money from my coinone account Posted: 08 Mar 2018 10:18 PM PST As of today coinone doesnt allow resident foreigners to withdraw or deposit money. Anyone knows why? [link] [comments]  |
| Posted: 08 Mar 2018 02:20 PM PST Playing with bitmex testnet. Right now, shorts are paying funding fees, so if I have keep a long open, does it cost me anything? So I'm only paying the funding fee if longs are paying, or are there other fees? [link] [comments]  |
| Moron Gox, Beargaria, what afterwards? Posted: 08 Mar 2018 11:23 AM PST You think being Kobayashied is bad, wait til those guys get an itchy finger https://www.coindesk.com/bulgarian-government-sitting-3-billion-bitcoin/ [link] [comments]  |
| Bitcoin to top US$29,000 by year’s end Posted: 09 Mar 2018 01:59 AM PST |
| Do you really think that the dips in the market are caused by Mt. Gox compensation still? Posted: 08 Mar 2018 06:42 PM PST I think the market is moving out of crypto and into new things. [link] [comments]  |
| Posted: 08 Mar 2018 10:27 PM PST This is perfectly natural. People made money in crypto, now they are cashing out of coins altogether and looking to take gains in fiat, which they will then put into other types of financial assets other than crypto, and into things like hardware, technology, business, services, and objects. If you think crypto, especially bitcoin, is ever coming back then you have a very long wait. It may come back, but right now the money is leaving the market and going into NON-COINS. [link] [comments]  |
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