[Daily Discussion] Thursday, March 22, 2018 Bitcoin Markets |
- [Daily Discussion] Thursday, March 22, 2018
- [Competition] Looking for New Moderators
- Pablo Escobar’s Brother Roberto Launches Bitcoin Fork Dubbed 'Diet Bitcoin'
- Jack Dorsey Bitcoin will replace the Dollar in 10 years.
- Trade bot? Sorry for the similar question
- Breakdown of privacy coins being Delisted. Does mean an impending doom for XMR, DASH and ZCASH?
- BTC is looking to trade positively above the intra-day support of $8,700 expect it to breach 20 DEMA ($9,100) to test next levels of resistance at $9,400
- 1099k and 8949 - not matching? Probably because 1099k is Gross sales and 8949 is net sales
- Japan's FSA plans to issue warnings against Binance, Nikkei reports
- How is tax calculated for exchange withdrawal/deposit fees?
- Bitstamp - Withdrawal Bounced and Disapeared.
- Todays Update. 70.18% of all 'USD' Volume on Bitcoin is either Tether, or Bitfinex.
- Would you be kind to give tips for CrypoCurrency bot?
- Any sites to trade bitcoin margins in the USA?
- Don't hate me for this, but I took most of my profit from alt pre-sales and BTC all time high, and just put it into fiat and the stock market.
| [Daily Discussion] Thursday, March 22, 2018 Posted: 21 Mar 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| [Competition] Looking for New Moderators Posted: 21 Mar 2018 11:54 AM PDT TLDR: ANY unrelated comments on this thread will result in a 1 DAY BAN. Greetings ladies and gentlemans, Since a lot of you nice folks complain about the lack of moderation on our subreddit. I came up with this idea to hold a competition to help us recruit worthy new moderators to boost our workforce. I agree with everyone complaining we need to step up, but for this we need to expand our workforce. Starting today, 21st march until 2nd april we are opening this competition to become a moderator contender. If you are supported by enough other redditors, we will consider your application. Other redditors can act as resistance for your application, if they think they have a reason to do so. The more supports you have, higher are the chance we will pick you on our team. But the opposite is also true, redditors can act as resistance to your application by writting a 200 words max reason on why this user isn't a good choice as a moderator. To enter as a moderator contender, you need to post on this thread and answer the following questions: -Why I will be a good moderator (300 words): -What did I contribute to this subreddit since I joined (300 words): -When are you browsing this subreddit and why (unlimited): -What would you like to change if you became a moderator (unlimited): -Have you been or are you a moderator somewhere else: Yes / No -What time zone are you located: (ex: GMT-5) Only after you sent your application, your support/resistance are allowed to reply for your application by doing the following: Support: (reason why 200 words maximum) Resist: (reason why 200 words maximum) DO NOT POST on this thread if you dont want to enter the competition or act as support/resistance. DO NOT POST on this thread to ask a question about how to apply. ANY unrelated comments on this thread will result in a 1 DAY BAN. That been said, I wish good luck to everyone who is interrested. What you get from joining the bitcoinmarkets team.
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| Pablo Escobar’s Brother Roberto Launches Bitcoin Fork Dubbed 'Diet Bitcoin' Posted: 22 Mar 2018 07:44 AM PDT Brother of infamous Drug Lord Pablo Escobar is launching a cryptocurrency called 'Diet Bitcoin'. Source: https://cryptocomes.com/pablo-escobars-brother-roberto-launches-bitcoin-fork-dubbed-diet-bitcoin [link] [comments]  |
| Jack Dorsey Bitcoin will replace the Dollar in 10 years. Posted: 22 Mar 2018 09:10 AM PDT Here is a link to the article where this was found. https://cryptos.com/2018/03/22/jack-dorsey-believes-in-10-years-bitcoin-will-become-the-single-global-internet-currency/ [link] [comments]  |
| Trade bot? Sorry for the similar question Posted: 21 Mar 2018 06:39 PM PDT I want to write a bot in python. And want to run that script 24/7 Anyone has some resources where to upload and how to run it continuously? I couldn't find info on this I want to write for trading binance. Any pointers? [link] [comments]  |
| Breakdown of privacy coins being Delisted. Does mean an impending doom for XMR, DASH and ZCASH? Posted: 21 Mar 2018 03:58 PM PDT
Important: One thing I am 100% certain on is governments will not tolerate privacy coins because you cannot regulate them. It makes sense for other exchanges to follow to lower their risks and increase security. This group has been right so many times and they seem to think that privacy coins are going to take a huge hit because of this. I'm wondering if reddit thinks the same? https://www.facebook.com/groups/116014865776792/ [link] [comments]  |
| Posted: 22 Mar 2018 03:30 AM PDT Bitcoin currently is trading at $9,017 representing an indecisive move in last 24-hours with change in price is almost zero. We mentioned in our previous analysis about BTC working below longranged descending line and should test the important support of $7,200 which is exactly what followed over the week. BTC post testing the important support close to $7,200 gained immediate strength along the baseline and reversed about 20%+ making the market capital of the same get back to $153 Bn. The above pull-back was accurately predicted by us in our previous blog analysis. At present, BTC is looking to trade positively above the intra-day support of $8,700 and we expect it to breach 20 DEMA ($9,100) to test next levels of resistance at $9,400 and the new downward trend line which also collides with 75/100 DEMA currently working at $10,200. A further breach of the next level, will make BTC gain confidence to reach the most important resilient level of $12,000 which if breached as a day-close will get BTC in altogether a new Bull-Run. For the week, we expect BTC to be inside the positive trading zone of $7,200-$12,000 where traders can approach the idea of going 'Bulls on dips' with intraday supports of $8,700 and $8,200. Our analysis would be invalidated if BTC falls below the crucial level of $7,200. [link] [comments]  |
| 1099k and 8949 - not matching? Probably because 1099k is Gross sales and 8949 is net sales Posted: 21 Mar 2018 08:28 PM PDT This might be Cunningham's Law in practice but here it goes. I'm not a tax person so do your own research. If you received a 1099k from Gdax or Gemini or some other exchange, you might have some questions. The first thing to realize is the 1099k is only reporting sales and not purchases. So, if you bought a BTC for $10,000 each and then sold it for $10,000 and then bought it for $10,000. The 1099k will show $10,000. You actually don't owe any taxes since $10,000 - $10,000 = $0 capital gains. So, if you are doing quite a bit of trading and buying and selling the same amount over and over, you can have quite a large number but potentially you don't owe that much in taxes. Here's the next thing to know. You get all your transactions accounted for. Successfully generate a 8949 statement. Then you go to double check your numbers by summing up all the sales on the 8949 and compare them to the 1099k and they don't match up? After struggling through this I realize it's because the 1099K is reporting GROSS sales(price and fees) and likely your 8949 is reporting net proceeds(without the fees). Here's another example. An exchange charges .25% to buy or sell. You buy 1 BTC for $10,000. The exchange charges $25 for that transactions. So, your costs basis is $10,025. Now you sell that 1 BTC for $10,000. The exchange charges $25 for that transaction. So, your net proceeds is $9975. On your 8949, you'll have $9975 for net proceeds and $10025 for your cost basis which will end up as a $50 loss. However!, the 1099k will show $10,000 for gross amount of payments compared to $9975 net proceed on your 8949. Is there a way to show the $25 fee so that the IRS knows why your 1099k gross amount of payments doesn't match your 8949 net proceeds? [link] [comments]  |
| Japan's FSA plans to issue warnings against Binance, Nikkei reports Posted: 22 Mar 2018 02:59 AM PDT Update: Bloomberg has an article up on this now: https://www.bloomberg.com/news/articles/2018-03-22/bitcoin-falls-after-report-that-binance-faces-warning-in-japan Nikkei is reporting that Japan's FSA plans to issue warnings against Binance. Source article in Japanese: https://www.nikkei.com/article/DGXMZO28441290S8A320C1MM8000/?nf=1 Machine-translated using Google Translate: https://translate.google.com/translate?hl=&sl=ja&tl=en&u=https%3A%2F%2Fwww.nikkei.com%2Farticle%2FDGXMZO28441290S8A320C1MM8000%2F%3Fnf%3D1&sandbox=1 Only an excerpt of the article is available for non-subscribed users:
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| How is tax calculated for exchange withdrawal/deposit fees? Posted: 21 Mar 2018 12:13 PM PDT Hi, I am wondering how i tax calculated for exchange withdrawal/deposit fees? Should the withdrawal fees be deducted from the gains of our trading. But how? Let's take a simple scenario: exchange1 charges 0.001btc for withdrawal I am unsure which trade should I apply the 2 withdrawal fee. Should I apply that to trade 5 or trade 6? Let's say when I did the transfer (step 3 and 4), btc is $10000. So 0.001btc withdraw fee is $10. 2 withdrawals are $20. So should I deduct $20 from the trade 5 to account for the withdrawal cost? I am quite confused at this point. I would really appreciate any help possible. How do you guys do this? [link] [comments]  |
| Bitstamp - Withdrawal Bounced and Disapeared. Posted: 21 Mar 2018 10:29 AM PDT Hi all, I'm hoping to find some advice to this situation i am in on how to retrieve my funds. I made a withdrawal from Bitstamp 6 weeks ago for a sum of $12 000 to a bank account in Spain. (the bank is BBVA and I am not currently in Spain.) The ban account was frozen during this time for KYC reasons, and the funds never arrived in the account from Bitstamp. Both parties tell me that they do not have the funds and point me in direction of the other party. Bitstamp ask for a specific Swift document in order to search for the bounced withdrawal and the bank just tells me over and over that they don't have such a document but that the funds were definitely returned to the origin. Bitstamp repeats that they will not track the funds without the document. I feel both parties are just shrugging off the situation and blaming the other. What would you do ? [link] [comments]  |
| Todays Update. 70.18% of all 'USD' Volume on Bitcoin is either Tether, or Bitfinex. Posted: 21 Mar 2018 08:43 PM PDT I would think this implies a lack of real money coming into the market [link] [comments]  |
| Would you be kind to give tips for CrypoCurrency bot? Posted: 21 Mar 2018 02:31 PM PDT Greetings I am new to this and i saw this reddit was very active and known for bots and knowledge of crypto currencies. I found many posts here about but they are either few months or few years old and i am afraid they might be outdated. I am planning on making a bot that does the following: 1. collects prices for given crypto currency 2. finds the lowest price 3. buys given amount on exhange with lowest price this seems rather easy in my mind My approach would be start a command that will send requests to exchanges > wait for responses > compare results > buy But this seems to slow because i'd like it to be fast. Am i missing something? Should i use websockets? Initially i'd like to support only these binance, poloniex, kraken, coinbase but in the future i'd like to add more. Since i am thinking of making this with java should i be using Xchange? Thank you for your time. [link] [comments]  |
| Any sites to trade bitcoin margins in the USA? Posted: 21 Mar 2018 10:27 AM PDT I've looked around and it looks like Kraken is the only one (GDAX if I was doing over $1mil) --- Any other sites? [link] [comments]  |
| Posted: 21 Mar 2018 08:08 PM PDT I feel like I understand how the stock market works, and I got lucky with crypto. So, since I know how the stock market works, I can at the least keep my gains, and at most, leverage my profits into more gains for the rest of my life. Meanwhile, I will always keep a small percentage in bitcoin, so that I can pay off my fluffers and in case of any extortion attempt or family kidnapping. [link] [comments]  |
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