[Daily Discussion] Wednesday, March 14, 2018 Bitcoin Markets |
- [Daily Discussion] Wednesday, March 14, 2018
- A simple analysis of the bitcoin rich list from January 2017 to present
- US HR Finan. Services Sub-Cmt Crypto & ICO Hearing 10AM today (Wash DC time) - live youtube ...
- “THE NOOBENING” – Did the cryptocurrency community really change in the recent bull-run?
- Advice for a 'noob' to trading
- What's your strategy knowing Bitcoin's price drops under $9,000?
- Bitcoin Futures Predictions Volumes Grow
- Bitcoin - Compare price and volume of exchanges in real time
- The Daily Dimes: A CryptoNews publish. Free Edition covering 3-09 to 3-13 Sat-Tues.
- Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September
| [Daily Discussion] Wednesday, March 14, 2018 Posted: 13 Mar 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| A simple analysis of the bitcoin rich list from January 2017 to present Posted: 14 Mar 2018 07:43 AM PDT |
| US HR Finan. Services Sub-Cmt Crypto & ICO Hearing 10AM today (Wash DC time) - live youtube ... Posted: 14 Mar 2018 04:11 AM PDT US House of Representatives FINANCIAL SERVICES COMMITTEE Capital Markets, Securities, and Investment SubCommittee Hearing will be broadcast live on https://financialservices.house.gov/. Hearing entitled "Examining the Cryptocurrencies and ICO Markets" Wednesday, March 14, 2018 10:00 AM in 2128 Rayburn HOB Capital Markets, Securities, and Investment Witness List Dr. Chris Brummer, Professor of Law, Georgetown University Law Center --- Mr. Mike Lempres, Chief Legal and Risk Officer, Coinbase --- Mr. Robert Rosenblum, Partner, Wilson Sonsini Goodrich & Rosati --- Mr. Peter Van Valkenburgh, Director of Research, Coin Center The Subcommittee will conduct an overview of the cryptocurrency and Initial Coin Offering (ICO) markets. These markets have been growing rapidly, attracting significant attention from investors and start-up enterprises in search of capital. The hearing will examine the economic efficiencies and potential capital formation opportunities that cryptocurrencies and ICOs potentially offer to businesses and investors, and review the adherence to applicable laws so that investors receive the full protections afforded by the federal securities laws. Additionally, the hearing will consider the current regulatory approach that regulators, such as the Securities and Exchange Commission, are using to monitor and oversee cryptocurrencies and ICOs and how to achieve further regulatory clarity in these markets.. [link] [comments]  |
| “THE NOOBENING” – Did the cryptocurrency community really change in the recent bull-run? Posted: 13 Mar 2018 04:56 PM PDT If you don't want to read this wall of text and just want to see the results, the Infographic/Graph Comparison Is HereINTRODUCTIONBack in January, I heard much of the community complaining about the influx of noobs and how the cryptocurrency community has changed for the worse. I wanted to answer this question. Has the community changed? And how has it changed? Fortunately, I could answer this question quite easily. Simply repeat the Reddit cryptocurrency survey I did in October 2017 and when sharing the results, put an emphasis on comparing what has changed rather than the subreddit vs subreddit comparison I did last time. PURPOSEWhile the main purpose of these surveys is to track changes in the reddit cryptocurrency community over the next few years, I have a specific question I wanted to answer with this most recent survey: Has the community changed over the last few months and is the community perception that the community has changed for the worse correct? The responses in the survey to the question "How do you think the reddit cryptocurrency community has changed in the last 3 months?" clearly showed that there was a general perception that the community has more noobs, more shilling and less rationality. All of responses to this question can be seen here: https://pastebin.com/xLhfthkS (Not all the responses were serious ones) I will break down the results summary into 3 parts before coming to the conclusion: 1. What's Changed 2. Possible Changes* 3. Interesting Statistics *Please note that the "possible changes" may be a result of sampling error rather than actual changes in the community and so these perceived changes should be taken with a grain of salt. What's Changed: The proportion of cryptocurrency subreddit users who are aged 25 or under has increased from 33.2% to 43.7%. The proportion of cryptocurrency subreddit users who found out about crypto from a friend is up from 20% to almost 29% between October 2017 to January 2018. Less cryptocurrency subreddit users are into crypto for ideological reasons in 2018 than in 2017. The number of people in crypto for ideology dropping from 82% to 75%. The proportion of cryptocurrency subreddit users who have invested 91-100% of their money into crypto has surprisingly dropped significantly from 18% to just 11% while the number of people who have invested less than 10% of their money has risen from 22% to 29%. It is also interesting to note that the number of people who didn't want to share this information has dropped from 32 participants to 20, backing up the earlier conclusion that cryptocurrency subreddit users are less interested in crypto ideology such as anonymity. The proportion of cryptocurrency subreddit users who own alt coins outside the top 10 coins by market cap (at the time of each respective poll) has risen from 61% owning such alt coins to as much as 75%. The proportion of cryptocurrency subreddit users with alt coins outside the top 10 making up over 20% of their portfolio has risen from just 22% to 44%. It is very evident that alt coins have become much more popular. Possible Changes: There is a greater proportion of females in the space. Females now make up 7% of cryptocurrency subreddit users, up from 4.5%. Less people consider themselves traders and more people are HODLers. 75% of cryptocurrency subreddit users consider themselves HODLers, up from 70%. A smaller proportion of cryptocurrency subreddit users have invested in an ICO before, down from 27% who have invested to 22%. While there has been a significant shift in the results with significantly more cryptocurrency subreddit users now being from North America and less from Europe and Asia than before, I believe that this is down to error from the method of sampling involving making posts in the daily discussion of relevant subreddits, leading to people from different timezones being more likely to see the post in peak times than others. I did however try to reduce this error by posting at approximately the same time for each survey. Interesting Statistics Over 90% of cryptocurrency subreddit users are male. (Some users even identify as attack helicopters) 83% of cryptocurrency subreddit users live in either the USA or Europe. 80% of cryptocurrency subreddit users have a university degree (a college degree for any US readers) or are currently studying at university/college to get a degree. The most common way cryptocurrency subreddit users found out about crypto was by being told by a friend, so spread the word! 25% of cryptocurrency subreddit users consider themselves crypto traders. 24% of cryptocurrency subreddit users are not in crypto for any ideological reasons. Most cryptocurrency subreddit users consider it likely that they would mention cryptocurrencies to a friend. Approximately 50% of cryptocurrency subreddit users have some sort of prior experience in the stock market. Unsurprisingly, November and December 2017 were the biggest months of growth for crypto in 2017. When told to rate themselves on a scale of 0-10 on whether they are into crypto for the money or for the tech (0 being only money and 10 being only tech), users tend to be in crypto more for the money than the tech. However, this is only a very slight tendency. Two thirds of cryptocurrency subreddit users have deposited an initial investment (not current value) in crypto valued somewhere between $501 and $20,000. 45% of cryptocurrency subreddit users have invested less than 30% of their savings into crypto. I think this is alarmingly low. However, it is possible that many people have mis-interpreted the question as how much of their current savings is in crypto rather than their initial investment. Still, I'd like to remind you all of the importance of only investing what you can afford to lose. As of January 21st 2018 (as with all of these stats), over 80% of cryptocurrency subreddit users have made a profit from their crypto investments. The average cryptocurrency subreddit user rates their knowledge of blockchain tech at a 6 or 7 out of 10 (10 being a comprehensive understanding). Over 55% of cryptocurrency subreddit users say they have read a whitepaper the whole way through. Bonus graph: Do you have a favourable opinion of Tether? ConclusionAs previously mentioned, around new year through til February, some of the community was showing a growing dislike towards perceived changes in the community with many people complaining about the influx of noobs who came for the money and nothing else. Are these complaints justified? Yes – Kind of. This survey has shown that a large portion of the community is new and has joined since November 2017, with about 20% of the community comprising of people who have joined between November 2017 and January 21st 2018. It is also evident that the community values the ideology behind crypto less than it did just 3 months prior with the number of people not in crypto for ideology rising from 17% to 24%. So, given this trend, we know one of two things: * The community as a whole is less bothered about the tech and ideology during bull runs due to the influx of new people. or * The community as a whole becomes less bothered about the tech and ideology over time due to the technology slowly becoming more mainstream. It could also be a combination of the two above points. However, I cannot tell until I complete the next survey which will be in April. For the sake of the survey, April will hopefully be another months of slow growth or sideways movement. This way, we can see if the "noobs" who the community seem to suggest came from the bullrun leave the community, or if they stick around/are replaced by other new community members. Depending on the results, we will be able to tell if the community is merely less bothered about blockchain tech and ideology during bullruns or if this is a long term trend where the community slowly become less interested in these things over time. So why did I respond with "Yes – Kind of"? Because we need to be welcoming if we want to grow as a community, so we shouldn't be complaining about them. We were all new once and why would any newcomer want to stick around in a toxic community? Even if the community isn't what you want it to be anymore, it will change over time whether you want it to or not as cryptocurrencies can't be a new and novel technology with insane price volatility forever. That's it! I will be taking this survey again 3 months after I shared the form for this one (January 21st) So keep an eye out in the daily discussion threads in r/Cryptocurrency, r/ETHTrader, r/Bitcoin and r/BitcoinMarkets around the 20th of April if you want to take part in the next survey! My aim is to keep track of the changes in this community over the next few years with this quarterly survey so that we can see how the community changes over time. A big thank you to everyone who participated! Especially the 75 of you who filled in both of my surveys! <3 I should be back in about a month looking for responses for the third survey, so keep your eyes on the daily discussions in r/CryptoCurrency, r/ETHTrader, r/Bitcoin and r/BitcoinMarkets! If you want more, you can see the previous survey where I did a subreddit vs subreddit comparison here. I'd like to finish with the words of one of the survey participants.
LinksResponse form (this is the default google forms summary) TL;DR:The community has changed during the recent bullrun, but it seems as though people are exaggerating the problem and we need to be a welcoming community, not one which points the finger and any newcomers for "ruining the community". DonationsThis post took me over 20 hours of work to make so any donations are greatly appreciated, but don't feel obliged! Bitcoin: 3N8gWGeJnu7z4fro4WsFpvPscbFQe17RUD Ether/ERC20: 0x4EE0463376B17dABbf819f963E06f6B393bE55De PM for other coin wallets [link] [comments]  |
| Advice for a 'noob' to trading Posted: 14 Mar 2018 07:42 AM PDT Hi guys, so I have made substantial amounts of profit with my investments into crypto so far, however because of my foolish trading in the past where i did not learn How to identify patterns and use trading tools and candlestick charts I have lost quite the amount of unrealised profit ( high 4 to Low 5 figures) I have squandered away a good percentage of my profit. Now, I have studied for days and weeks on end, and have been playing around with smaller amounts to practice not getting emotional and sticking to trades, my main question is, would it be advisable to trade with my main stack as a whole and use 3- maximum 5x leverage and attempt to short/Long bitcoin? I've read before that 95% of Traders fail, and its largely due to their emotions so I hopefully have that covered for now, but any tips from people who have successfully traded? I've already been going through the babypips course for forex trading to learn all about the basics, just hoping to find some decent tips here. I've also managed to already stop kicking myself for not being able to look at charts 24/7 and missing out on thousands/hundreds of dollars, but really now learning all about trading and staring at charts is getting too addictive PS: don't know this is weird but this year I'm 16 and instead of going out with friends and generally wasting my life away having fun I'm getting enjoyment trying to grow my stack and do trading, most of my friends can't even begin to fathom the shit I'm reading up on. [link] [comments]  |
| What's your strategy knowing Bitcoin's price drops under $9,000? Posted: 14 Mar 2018 07:59 AM PDT Today charts showing prices of BTC and other prices in red unfortenately. Knowing the price of BTC has dropped and maybe will even drops further, what is your strategy? [link] [comments]  |
| Bitcoin Futures Predictions Volumes Grow Posted: 14 Mar 2018 04:38 AM PDT Over the past few months, the Chicago Board of Exchange (Cboe) and the Chicago Mercantile Exchange (CME Group) have been selling bitcoin-based futures products. Predictions have been dull as most forecasts are around the $9-9.4K USD range for bitcoin derivatives using both firms' futures data. On the other hand, crypto-derivatives trade volumes have been increasing. Read More [link] [comments]  |
| Bitcoin - Compare price and volume of exchanges in real time Posted: 13 Mar 2018 06:34 PM PDT |
| The Daily Dimes: A CryptoNews publish. Free Edition covering 3-09 to 3-13 Sat-Tues. Posted: 13 Mar 2018 11:41 AM PDT Link to Free Edition published today: https://www.yours.org/content/the-daily-dimes---a-cryptonews-publish-03-09---3-13-sat-tues-free-edit-4c107c7d655b The Daily Dimes is normally a 20cent/publish release throughout the week followed by a Free Edition released on Sunday covering weekend news. I'm sharing the free editions here as a way to say thank you to one of the communities I scrape for news releases and information. It's a simple format made to help keep people informed on a daily basis as to market sentiment and news, if you like it please feel free to check it out through the week as well! Thank you bitcoinmarkets subreddit. I usually post the Sunday Free edition in the daily thread, but I just recently considered posting it as a text post in case people found it to be a high quality source. I've also shared these posts across a few other subreddits that I pull news and info from regularly. [link] [comments]  |
| Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September Posted: 13 Mar 2018 03:35 PM PDT Great news!! This trustee will porbably not influence again! "The market can easily absorb that amount of bitcoin.The recent drop was going to happen anyways, and this bitcoin was only a small part of why bitcoin needed a correction. The next time the lawyer sell's it will most likely happen OTC which means not on exchanges and will not impact the price of bitcoin in the least. This should be investigated and the trustee fired for incompetence because he wasted so much money by selling in open market instead of auction or OTC." [link] [comments]  |
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