[Daily Discussion] Sunday, March 11, 2018 Bitcoin Markets |
- [Daily Discussion] Sunday, March 11, 2018
- Okex fakes 90%+ of its volume. Huobi 80%+. CMC has also listed a dozen fake chinese exchanges where 99% of the volume is fake.
- I'm starting to understand the game a bit. Don't trust anyone but your intuition and pattern recognition. Also, HODL and you.
- Beware of another Telegram ICO scam site
- benefits of crypto regulations? maybe
- Invitation code for The Rock Trading, anyone?
- If this market is telling you bearish bearish bearish, what is your strategy?
- Blockchain — The Niña, The Pinta, and The Santa Maria
- Bitcoin again falls after reaching sentiment high
- My argument for why this is the bottom for bitcoin.
- I think Bitcoin Bottoms at $4400 then Bounces
| [Daily Discussion] Sunday, March 11, 2018 Posted: 10 Mar 2018 08:05 PM PST Thread topics include, but are not limited to:
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| Posted: 11 Mar 2018 05:46 AM PDT Article: https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e
Because there is no regulation, we need to self-police to get rid of bad actors. They are impacting us as a whole. There is a need to hold coinmarketcap accountable. These people were also selling ads to Bitconnect. Most likely they charge a fee to list these fake exchanges. We also need to hold Okex and Huobi accountable. They are serial offenders. [link] [comments]  |
| Posted: 11 Mar 2018 10:27 AM PDT I don't believe a goddamn person here. When everyone in daily discussion were all bearish when we hit 8500 with tradingview "experts" saying down to 7500 and/or below even to 3k I thought you know what fuck TA and fuck these daily discussions, I'll do the exact opposite and open a 50x long. That sure as shit went well. Not to say that they were wrong per se, on the contrary I think they are right but always too soon to give advice. Like they are 5 days ahead and give people advice too soon, or have an agenda, or don't realize TA is slowly failing to work due to AI bots exponentially becoming better. On another note now the game has evolved to when BTC drops everyone hedges in the top 3 alts, which go up in sats so you stay in the green, if you discount FIAT. The meta game to that game is finding that one alt on Binance that shoots up 20-50% during a dump and making more BTC. This week I've noticed it was NEM, last time it was VIA (that was coordinated, not a hack). So just find out where the whales flock to and you can make more BTC during a dump, which is not bearish at all. I think the next collective "aha" moment will be LTC or another crypto that the government likes. If Gox man starts his shenanigans again on Monday everyone will get sick of #1 gold getting fucked with and move to silver or Ripple as always to hedge, and the ratio shoots up accordingly, even if you hate alts you will ultimately end up with more BTC if you know where the exits are. And it's not FIAT. You know how many young people these days are fucked up? OCD for example, six year old fucking geniuses are germophobes nowadays and have a hard time giving dirty paper with old faces to someone else. It doesn't compute in the internet era. Then the whole akward exchange with change and either you or the teller/clerk trying not to touch each other's hands while they dump pennies into your palm. It's really outdated. Same thing with credit/debit card machines, but not germs so much as they just look really fucking outdated bricks with cables attached to them. The only other options is paying with your phone via Apple/Android pay (which will further become a powerhouse due to augmented reality) or cryptographic data called currency. The latter is still in it's infancy but I bet in NL you can qr scan what you want to buy and pay with BTC, because the unconfirmed tx shows up right away. If not, and it can be exploited or not work properly due to node downtime or what have you, well shit sometimes debit/credit card systems go down too. Maybe the best strategy is to try to get 1 million bits before 2020 in case there is a huge shift, and in 2-5 years anyone with at least a million bits will be considered elite...whatever that means. Maybe it means access to secret societies or some shit. I took my meds, before you ask btw ;) /rant? [link] [comments]  |
| Beware of another Telegram ICO scam site Posted: 11 Mar 2018 07:33 AM PDT if you hit this site https://gramtoken.global/ it is not real. dont waste your money [link] [comments]  |
| benefits of crypto regulations? maybe Posted: 10 Mar 2018 11:05 PM PST I just read this take in an article. I laughed my ass off when he said normal financial markets are free of bad actors. (Trump's buddy dumps his steel stock last week 24 hrs before tariffs announced and steel stock plummets. Reckless insider trading in the White House in front of the whole world. His base doesn't know what that it is so its fine.) Other than that I guess I agree with the author. Thoughts on passage below? "All they are interested in is to make sure that the crypto market, like any other financial market, is robust and is free of bad actors. There are several benefits that regulations will bring including, but not limited to: Less Volatility - With bad actors and manipulators out, the crypto market will become less volatile than what we have seen recently. This actually will help in increasing the user base of cryptocurrencies as more and more merchants will feel comfortable in accepting payments in cryptocurrencies. Higher prices - This is a continuation of the first point. When the user base of cryptocurrencies will increase, it will lead to an increase in demand. As we all know, or have been told by crypto enthusiasts, the supply is limited. So, the chances of cryptocurrencies rising in value are more when they are subject to a regulatory framework than when they are not. Safer environment to transact - Hack attacks, thefts etc. will become less common as regulations will ensure that any platform providing cryptocurrency services (exchanges, digital wallets, and others) have a suitable infrastructure to safeguard customers from such attacks. Right to collect damages - Even when hack attacks, theft, manipulation or unfair practices are encountered, regulations will ensure that the aggrieved party has a chance to collect compensatory or punitive damages for the losses suffered, which is presently not possible." [link] [comments]  |
| Invitation code for The Rock Trading, anyone? Posted: 10 Mar 2018 10:31 PM PST |
| If this market is telling you bearish bearish bearish, what is your strategy? Posted: 10 Mar 2018 10:16 PM PST If you are sticking to your guns and HODLing bitcoin I think you are delusional, personally. This market is sending so many signals to tell you that if you stay in bitcoin you are going to lose. So what is your strategy? I hope it's not to double-down and believe that crypto is going to save your ass. [link] [comments]  |
| Blockchain — The Niña, The Pinta, and The Santa Maria Posted: 10 Mar 2018 11:47 AM PST My write up on the history of discovery, mass adoption and its relation to cryptocurrency https://medium.com/@mathew_723/blockchain-the-ni%C3%B1a-the-pinta-and-the-santa-maria-78e89d8007f0 [link] [comments]  |
| Bitcoin again falls after reaching sentiment high Posted: 10 Mar 2018 10:51 PM PST |
| My argument for why this is the bottom for bitcoin. Posted: 10 Mar 2018 09:40 PM PST
The way I see it there are three scenarios. Either this is the bottom and bitcoin picks back up from here, or bitcoin loses it's dominance over the cryptocurrency market and altcoin start to seperate from being attached to bitcoin price. The third possibility is that bitcoin and all altcoins crash and the human race abandons the technology of blockchains and distributed ledgers, I find this possibility the least likely. [link] [comments]  |
| I think Bitcoin Bottoms at $4400 then Bounces Posted: 10 Mar 2018 06:54 PM PST I think we see a final resistance at $4400. I've been doing price comparisons between the alt-coins vs. the price to bitcoin. The alt-coin ratios show that the alt-coin prices are falling harder than the price of bitcoin. It's an indication that people are pulling money out of the alts to free up cash. My thinking is as the alts crash that bitcoin will be sold off by a lot of people that need cash. Some of the alts have pretty big market caps and in aggregate have a larger market cap than Bitcoin. So over half doesn't own bitcoin but are losing an even larger percentage of their coins value in the alts. I think a certain percentage of them are selling the alts to buy bitcoin. Which is where most of the buying is coming from now and why the price has been so volatile and choppy up and down. But as more and more people sell off the alts to go into bitcoin that causes the losses in the alts and the historical price ratios between bitcoin and the alt-coins to get further and further apart. I think the alt coin prices will drop far enough that they will cause people to finally buy them. I think that puts bitcoin at approx. $4400 based on how far I think the alt coins would have to drop in percentage terms for people to get back into them. [link] [comments]  |
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