[Daily Discussion] Monday, March 26, 2018 Bitcoin Markets

[Daily Discussion] Monday, March 26, 2018
Bearish analysis - Tell me why I'm wrong
Monthly "Who can be selling" post
Bitcoin and S&P - a new relationship?
BTC on CME Futures, a moon killer or a lambo pusher?
Future expiration’s
BTC financial instrument proliferation
The Right Way To Think About Crypto Tokens
Are there any coinbase buy widget alternatives?

[Daily Discussion] Monday, March 26, 2018

Posted: 25 Mar 2018 09:06 PM PDT

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

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Bearish analysis - Tell me why I'm wrong

Posted: 26 Mar 2018 05:54 AM PDT

The number of unique Bitcoin addresses used in the last 24 hours has fallen to a level not seen since summer of last year.

I plotted this metric against price and found that it is often a leading indicator of price

This makes sense logically, because number of addresses used is a measure of adoption and the value of a network tends to increase with more users. If we look at the price when the number of unique addresses used was last around this level, it was around $3000-4000 per BTC.

Let me know if you agree or not. Thanks for reading!

edit: clarified the definition of the metric as addresses used in last 24 hours, not number addresses in existence

submitted by /u/z_master314
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Monthly "Who can be selling" post

Posted: 26 Mar 2018 03:16 AM PDT

The market buffles me. Who can be selling now? People that got in higher and are scared (of what?? regulations and G20 are kind in a good prospect category now). There is not much FUD currently.

It would only make sense to sell now if you bought in very early and are cashing out profits. That should be the small minority of bitcoiners?

Any other thoughts?

submitted by /u/aelaos1
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Bitcoin and S&P - a new relationship?

Posted: 25 Mar 2018 09:29 PM PDT

From Feb this year, Bitcoin starts to behave like S&P. It is evident in the price charting. Is this a new sign of high co-relation moving forward? Let me know your view

submitted by /u/rartokens
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BTC on CME Futures, a moon killer or a lambo pusher?

Posted: 26 Mar 2018 08:46 AM PDT

Now that BTC is becoming more part of the institutions, will this curtail BTC to submission?

http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html

submitted by /u/rartokens
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Future expiration’s

Posted: 26 Mar 2018 04:37 AM PDT

I read futures expire tomorrow and Friday but I'm sure this has fuck all to do with this little dip we're currently facing

submitted by /u/KrisBkh
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BTC financial instrument proliferation

Posted: 26 Mar 2018 12:10 AM PDT

It will get more difficult for bitcoin to make large and upward movements (without manipulation) in the future, due to the greater popularity of bitcoin-based assets.

Futures combined with leverage is a terrible idea for bitcoin, because it doesn't encourage people to buy the underlying asset. Additionally, it becomes profitable to traders for bitcoin to go down and up, not just up, like it used to be. Leverage is the icing on the cake, making it possible to profit greatly on smaller and smaller chart movements. It also takes traders out of the market faster, because instead of buying or selling bitcoin, they're throwing their money at the exchange. Simply put, it's possible to get more returns with less volatility, and less interest in bitcoin, which is an unhealthy market dynamic that says to me...

...bitcoin might not make it back to $20,000, but rather subsist off the potential to return there. At least for another few years, when manipulators will have to stir the pot a bit to keep the fish on the line.

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The Right Way To Think About Crypto Tokens

Posted: 26 Mar 2018 12:45 AM PDT

Consumers might be the biggest winners when crypto tokens are designed correctly.

At least that's the case made by a new paper by MIT's Christian Catalini and the University of Toronto's Joshua Gans, which describes a simplified model that illustrates what might be a valuable price discovery role that utility tokens, or those that operate as true commodities in the spirit of bitcoin and ether, might enable.