[Daily Discussion] Saturday, March 24, 2018 Bitcoin Markets |
- [Daily Discussion] Saturday, March 24, 2018
- If you own/trade crypto in the US, you should listen to this podcast
- A quick question to Canadian Bitcoin holders.
- If the weekend dip theory being caused by traders not working it's true , then it must verify these conditions
- Scalping
- Experience/Profit using market making or trading bots?
- Mining block rewards are a smart internal limit on price speculation in Bitcoin and Ethereum - 14M USD needed per day to keep price stable if all mined coins are sold
- To 9 or not to 9, that is the question
- TSI indicator strategy
| [Daily Discussion] Saturday, March 24, 2018 Posted: 23 Mar 2018 09:06 PM PDT Thread topics include, but are not limited to:
Thread guidelines:
Other ways to interact:
[link] [comments]  |
| If you own/trade crypto in the US, you should listen to this podcast Posted: 24 Mar 2018 05:32 AM PDT https://soundcloud.com/epicenterbitcoin/eb-227 Epicenter Over the past year, as cryptocurrencies and ICOs started to go mainstream, we have seen a huge surge in regulatory activities. In the US, many different regulatory bodies including SEC, CFTC and FinCEN stepped forward to regulate crypto projects in different ways. Seemingly contradictory statements have added to confusion and fear of a broad crackdown looming. We were joined by CoinCenter Director of Research Peter Van Valkenburgh to shed clarity on recent developments and understand where things are heading. Topics discussed in this episode:
[link] [comments]  |
| A quick question to Canadian Bitcoin holders. Posted: 24 Mar 2018 06:03 AM PDT So I just finished college overseas where Bitcoin regulation isn't all that bad. I only pay taxes on gains above $10k USD. I purchased BTC at 4k and haven't really bothered to touch it. However, I'll be moving back to Canada in a few months and I was wondering if taking my Bitcoin with me on a hardware wallet would be a good way to take my savings with me, disconsidering the risk of a deep price drop until then. Is it possible to trade my BTC OTC, avoiding any potential govt taxes? I'm torn over cashing it all out before moving (losing ~5% in currency conversion fees) or just taking BTC with me and cashing slowly once in Canada whenever I need to make ends meet. Is the government cracking down hard on BTC earnings? Would I have to declare my Bitcoing to the government before I move? Any suggestions and ideas would be greatly appreciated. Thanks! [link] [comments]  |
| Posted: 24 Mar 2018 05:12 AM PDT I apologize for not providing data. Im on phone and just riding this rare brainwave. Consider it an opportunity to do your fucking research for once. Most people say nowadays that the weekend dip is caused by traders going away for the weekend. Being that true, only remaining traders would be :
So we can expect :
My answer would be that , while traders settling things for the week have an effect, it is widely amplified by the expectation that it will fall, which means no buying pressure, lots of shorts and selling pressure overall. But in these conditions, if it pumps , a lot of people will fomo in hard, like happened a few weeks ago. [link] [comments]  |
| Posted: 24 Mar 2018 08:53 AM PDT Do I have it correct that scalping is the act of making $0.01 here and there by trading the tiny fluctuations? I've written a bot that looks at which side the pressure is on at the current Bid/Ask and orders accordingly, i.e if there's 1.2BTC in Asks but only 0.3BTC in Bids, then it'll place a buy order on the assumption the price is about to go up in the short term, then repeats on the sell side... but I've found that with fee-free GDAX limit orders (post only) and the Bid/Ask changing, my orders either don't get filled, or the Bid/Ask has changed significantly enough to cancel any profit made. The swings are almost never 0.25% so doing this with taker orders is a no go, and Market orders aren't nearly reliable enough. At this point, I already have a profitable bot running but I'm just interested in learning different methods that are used. [link] [comments]  |
| Experience/Profit using market making or trading bots? Posted: 24 Mar 2018 05:16 AM PDT Hi everyone, hobbyist trader here. Does anyone have any experience with some of the open source bots available for bitcoin exchanges such as Tribeca (https://github.com/michaelgrosner/tribeca) and Gekko (https://github.com/askmike/gekko) and other similar ones? Have any of these bots shown to have actual profits over any terms with anyone using them? Thanks in advance everyone, happy trading! [link] [comments]  |
| Posted: 24 Mar 2018 09:13 AM PDT The current mining rewards for bitcoin are 12.5 btc/block, which is allocated every 10 minutes, meaning that 1,800 bitcoins are rewarded per day. At a price of 8K/coin, that's $14,400,000 in USD every day, meaning that 14,400,000 in new money needs to come in to bitcoin every day just to keep the price stable (assuming, of course, that miners sell the coins they mine, which according to some miners is exactly their protocol - sell any coins mined shortly after reward is received). If the price of bitcoin were to go to 80K, it would require $144 million of new money every single day just to keep the price stable. In December, for instance, there was enough money coming in to buy all the mined coins plus create a huge demand for existing coins, driving the price up. However, when that new money demand is missing, the price is hard to support in the medium term. How does this compare for etherum? Well, in the last 24 hours the block rewards equal $11,203,214.04. This is of course true for any mineable coins including: Bitcoin cash: $1,806,415.78 in the last 24 hours Litecoin: $2,610,346.43 Dash: $812,870.63 On and on it goes. Cryptocurrencies need about 50 million dollars coming in every day just to keep soaking up the coins that are being rewarded to miners. This, I think, is a good internal system to keep speculation at least a bit in check - everyone should be hyperaware that the coins we are buying at these prices are also being rewarded to miners. I'm not lamenting the system at all, miners are a key part of the ecosystem and have huge costs associated with their operations and should be rewarded. However, this does create a scenario in which outside money (and substantial amounts of it, at that) are required on a daily basis just to keep the prices where they are. Which brings me to my conclusion: It will be difficult to achieve "moon" type prices because of these mining rewards unless truly mass adoption is achieved and trillions of dollars are coming in. When money is leaving crypto (as it has been for the past month), the mining rewards continue to put downward pressure on prices because the miners need to pay for electricity, rent, etc. tl;dr: $50 million needs to be coming into cryptocurrencies every DAY ($1.5B per month) from investors/speculators just to keep crypto prices stable. [link] [comments]  |
| To 9 or not to 9, that is the question Posted: 24 Mar 2018 08:47 AM PDT |
| Posted: 23 Mar 2018 11:01 AM PDT I'm recently backtesting a strategy based on TSI indicator crossovers. I'm trading this on 1m-5m timeframes and with a very tight risk managenmrnt strategy. The goal is for it to catch fast bursts (accept loss or breakeven if no burst). The thing is, most of the time it performs really well but there are times when the market seems to be completely against this strategy. Its rare, but sometimes, after thr crossover, the market gets stucked and take loss or breakeven. Is there another indicator or technique that i can add to tho the TSI that can confirm me that the following movement is going to be a "burst" or not? I am currently trying this with a margin short/long changes custom indicator. [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