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    Sunday, March 18, 2018

    [Daily Discussion] Sunday, March 18, 2018 Bitcoin Markets

    [Daily Discussion] Sunday, March 18, 2018 Bitcoin Markets


    [Daily Discussion] Sunday, March 18, 2018

    Posted: 17 Mar 2018 09:05 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

    Thread guidelines:

    • Be excellent to each other.
    • Do not make posts outside of the daily thread for the topics mentioned above.

    Other ways to interact:

    submitted by /u/AutoModerator
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    A Typical Sign for a Bear Market is that it Overreacts to Bad News and not all to Good News

    Posted: 18 Mar 2018 06:05 AM PDT

    Here is good chart which shows how long a bear market can last:

    https://thumbor.forbes.com/thumbor/960x0/smart/https%3A%2F%2Fblogs-images.forbes.com%2Fchuckjones%2Ffiles%2F2018%2F03%2FBitcoin-Tom-Lee-91000-by-March-early-2020.jpg

    correction to title (forgot the word "at"):

    "A Typical Sign for a Bear Market is that it Overreacts to Bad News and not at all to Good News"

    submitted by /u/Mageant
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    Scenario: Let's assume you are the smart money sitting on the sidelines in the bear purge we are starting to see -- at what level does smart money dive into crypto?

    Posted: 18 Mar 2018 07:26 AM PDT

    I'm putting my guess at about $3500. You?

    submitted by /u/TravelPhoenix
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    Does anyone else trade crypto on behalf of others?

    Posted: 18 Mar 2018 05:41 AM PDT

    I've been investing on behalf of friends and family for years now but it's logistically quite difficult, I have to keep updating a spreadsheet every time I make a trade, and when they want to cash out I have to go through a bunch of cold wallets and start flipping to $ which is very time consuming. Does anyone else have this problem? Do you know of any tools or hacks that can help with managing crypto for multiple people?

    submitted by /u/awalias
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    MobileBridge Momentum – Automated marketing on the blockchain

    Posted: 18 Mar 2018 08:32 AM PDT

    Full article: https://cryptonewsmagnet.com/mobilebridge-momentum-automated-marketing-on-the-blockchain/

    The MobileBridge Momentum platform aims to transform the marketing process, getting companies to adopt a more customer-centric approach with crypto token rewards to reinforce participation.

    submitted by /u/nicacryptonewsmagnet
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    Price Analysis Report - Despite the headlines, we remain very bullish long-term as we continue to believe blockchain and cryptocurrencies are still very early in this disruptive cycle. In addition, we feel we are just in the early stages of institutional adoption.

    Posted: 17 Mar 2018 07:10 PM PDT

    Full Report Here.

    "Overall positive week in the blockchain space. We may be hitting a possible swing in bullish confidence due to some key tech advancements brought on buy the announcement of the Lightning Beta and institutions getting their toes wet in the space.

    I would be watching the G20 meetings the 19th and 20th of this month. Cryptocurrencies are said to be a topic planned for discussion during the talks. Typically with large news items, larger players sit on the sidelines. You can read the G20 PDF here if interested."

    submitted by /u/ProperFortune
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    MtGox Trustee posted a "Q&A regarding 10th Creditors’ Meeting Report", including information about liquidation methods for BTC and BCH

    Posted: 17 Mar 2018 11:00 AM PDT

    The full Q&A from the 10th Creditors Meeting is available here: https://www.mtgox.com/img/pdf/20180317_qa.pdf (archived: https://archive.fo/ZeRWg)

    The Q&A report was published today, the 17th of March, so everything in it is new information and "fresh of the presses". The questions were, as far as I understand, submitted by creditors at the March 7th creditors meeting. For the English translation, you have to see page 5. Section II on "Sale of BTC and BCC" is the most interesting.

    Some interesting tidbits (emphasis mine):

    3 Method of Sale

    Q2-3-1) How did the Bankruptcy Trustee sell BTC and BCC?

    A) I sold BTC and BCC from December 2017 to February 2018 with the cooperation of a cryptocurrency exchange in light of the market price at the time of the sale. Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible. The method of sale of BTC and BCC was approved by the court as well.

    I would like to refrain from explaining the details of the method of sale; otherwise the future sale of BTC and BCC could be hindered. However, at present, nothing has been determined regarding the sale of BTC and BCC in the future.

    Please note that the transfers of BTC and BCC from BTC/BCC addresses that I manage to other addresses do not itself necessarily mean that I sold BTC and BCC at the time of such transfers. Please retrain from analyzing the correlation between the sale of BTC and BCC by us and the market prices of BTC and BCC based on the assumption that the sale was made at the time the BTC and BCC were transferred from BTC/BCC addresses that I manage, as such assumption is incorrect.

    In the above it sounds like the MtGox Trustee sold BTC and BCC using OTC to a single cryptocurrency exchange since he is claiming the sale was carried out "in a manner that would avoid affecting the market price". The MtGox Trustee is also denying any direct correlation between the transactions of BTC and BCC and any sale of the two assets.

    4 Sale Price

    Q2-4-1) Were BTC and BCC sold at a fair price?

    A) I made efforts to sell them at as high a price as possible in light of their market prices at the time of sale. I believe that they were sold at a fair price, given the market prices at that time.

    The sale prices of BTC and BCC were also determined following consultation with the court.

    (...)

    5 Others

    Q2-5-1) Did the sale of BTC and BCC by the Bankruptcy Trustee affect their market prices?

    A) Following consultation with cryptocurrency experts, I sold BTC and BCC, not by an ordinary sale through the BTC/BCC exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible.

    Therefore, I believe that the sale of BTC and BCC by us did not affect their market prices.

    Please note that the transfers of BTC and BCC from BTC/BCC addresses that I manage to other addresses do not itself necessarily mean that I sold BTC and BCC at the time of such transfers. Please refrain from analyzing the correlation between the sale of BTC and BCC by us and the market prices of BTC and BCC based on the assumption that the sale was made at the time the BTC and BCC were transferred from BTC/BCC addresses that I manage, as such assumption is incorrect.

    And...discuss!

    submitted by /u/dnivi3
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    Trading strategy: what should I do?

    Posted: 18 Mar 2018 08:04 AM PDT

    I bought .2 Btc when @17000. I have been holding, but what if I feel the price will go down further. What I was thinking is to short it (maybe with margin), but this can have consequences for sure..So what are your thoughts? How would you trade?

    submitted by /u/wymco
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    DateCoin – A blockchain revolution for intelligent dating services

    Posted: 18 Mar 2018 08:36 AM PDT

    Full article: https://cryptonewsmagnet.com/datecoin-a-blockchain-revolution-for-intelligent-dating-services/

    DateCoin is looking to create the world's first dating service based on Artificial Intelligence (AI) to offer quick and easy search facilities and a fruitful dating experience with matching partners.

    submitted by /u/nicacryptonewsmagnet
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    Prove you’re a true HODLer with your best hodler story.

    Posted: 18 Mar 2018 04:25 AM PDT

    If we go any lower, the weekly chart is about to get hideous.

    Posted: 17 Mar 2018 12:23 PM PDT

    If we close the week any lower, we're going to tumble further down the garbage avalanche until summer. If we rebound, we're still looking like shit for another month. But we continue along the long term support level.

    TA screenshot

    submitted by /u/kirkisartist
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    Reminder: A group of experts have told you to trust bitcoin and those experts are the same experts who tell you that experts are ruining economies.

    Posted: 18 Mar 2018 04:22 AM PDT

    True value if bitcoin is much much lower than you want to believe while you're smoking a Cuban cigar in your moon Lambo

    submitted by /u/TravelPhoenix
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    BTC Target Price

    Posted: 17 Mar 2018 02:00 PM PDT

    I know many of you traders and investors are on the sidelines right now (as am I), so I'm just wondering what other people's projected target prices are to buy back in for a long hold or a decent upside swing trade. Personally, I have been sticking to a plan I made and successfully trading this recent down swing. But I believe there is enormous buy support at 4.5-5k, so if we see those numbers I will probably accumulate some amount for a long-term hold. Where are you looking to jump back in?

    submitted by /u/highkarate1086
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    Cryptopia very slow witrwal

    Posted: 17 Mar 2018 12:08 PM PDT

    Cryptopia very slow witrwal (NMS OPC PHR IC)

    what is problems,?

    submitted by /u/raskrutim
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    Daily Crypto Analysis - 17th Mar

    Posted: 17 Mar 2018 11:47 AM PDT

    Today's look at:

    • Bitcoin's possible double bottom
    • Bitcoin cash making a weak retest of resistance
    • Litecoin forming a secondary channel
    • Monero as it looks to form a bearish consolidation

    https://steemit.com/cryptocurrency/@matthew-analysis/daily-crypto-analysis-17th-mar-technical-analysis

    submitted by /u/matt2048
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    Is it a beginning of a short squeeze?

    Posted: 17 Mar 2018 11:14 AM PDT

    Just be aware that the last time Bitcoin bounced from 6k, Tether printer 60 million.

    Posted: 17 Mar 2018 07:42 PM PDT

    I would not expect another bounce unless they print again, and even if they do I do not expect any sustained momentum. They have currently gone their longest period since the Bitcoin bull market without printing - I would not be surprised if regulators are cracking down on them hard (not to mention half the market seems to be aware of what they are doing) and they watch their steps very carefully.

    submitted by /u/xenophobias
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