[Daily Discussion] Wednesday, March 28, 2018 Bitcoin Markets |
- [Daily Discussion] Wednesday, March 28, 2018
- Robin hood Finally Allows btc and eth !
- Google trends reflect new interests, not popularity.
- What's a Bitcoin Market Cycle and Why Should You Care?
- What's the difference between OkCoin and OkEX ?
- Is anyone else a little skeptical about Binance?
- Release of new ASICS -> rise in price? (Pt. 2)
- Easter Sunday
- My revenge trading plan
- Interesting read and viewpoint
- Bitcoins still testing important support band at 8k. A lot of trading going on at this level.
- Are you BULLISH or BEARISH on Bitcoins price?
- Sibcoin Foundation public report: February 2018
| [Daily Discussion] Wednesday, March 28, 2018 Posted: 27 Mar 2018 09:05 PM PDT Thread topics include, but are not limited to:
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| Robin hood Finally Allows btc and eth ! Posted: 28 Mar 2018 06:01 AM PDT Logged into my Robin hood account and finally can buy and sell bitcoin and ether. New Money will be flowing in !! [link] [comments]  |
| Google trends reflect new interests, not popularity. Posted: 28 Mar 2018 01:40 AM PDT I've seen the argument that because the google trend for bitcoin has fallen back to pre-mania level, all new money has quitted. This is false. Take a look at Javascript's google trend: https://trends.google.com/trends/explore?date=all&q=javascript . Javascript is the most popular programming language. It becomes more popular every year but its trend decreases every year. Bitcoin's trend: https://trends.google.com/trends/explore?q=bitcoin . Bitcoin sparked a lot of new interests last year hence the peaking trend. Some of those new interests may still be buying bitcoin now. Just because the trend has fallen to previous level doesn't mean bitcoin has no increase in popularity. [link] [comments]  |
| What's a Bitcoin Market Cycle and Why Should You Care? Posted: 27 Mar 2018 05:19 PM PDT Authored by [CoinLive Team](www.coinlive.io) Original source: https://www.coinlive.io/tutorial/what-s-a-bitcoin-market-cycle-and-why-should-you-care Decoding the market sentiment is of vital importance to help you stay in constant tune with the market and as a result, adds to the odds of being a profitable intraday crypto trader. However, the most cardinal component of all is knowing under what context we are trading crytos. Are we in a Bitcoin or an Alts cycle? In other words, is the distribution of market capital determined by the price behavior in Bitcoin or are the Alts complex detached and uncorrelated from the price dynamics in Bitcoin? Getting the right context when trading cryptos will help you navigate the space with the right knowledge base to make the right decisions, with the certainty that you are reading the markets correctly. Note, in this first tutorial, we will only focus in Bitcoin cycles, which can take place under a bullish or bearish trend in total market capitalization. Let's start. First of all, your backbone must always be the Percentage of Total Market Capitalization (Dominance) Chart via www.coinmarketcap.com. Once you have it, we can start to analyze certain tendencies, which we will then combine with the Total Market Capitalization and Total Market Capitalization (Excluding Bitcoin) to help us decipher under what market context we are trading. Bitcoin Cycle in a Bearish Market Capitalization Trend Under this scenario, the Alts complex trade tightly correlated to the price action in Bitcoin. It occurs when we go through a period of liquidation in the crypto market as confidence evaporates, which leads to traders and investors diversifying away from Alts, perceived as a riskier investment, and resort back into the safe-haven appeal of Tether and to a lesser extent Bitcoin (as the legitimate base crypto). Under this environment, one can take Bitcoin as a barometer to measure the market pulse and whether or not opportunities can be found to pick up cheap Alts should Bitcoin show a recovery attempt. It's in this period of a Bitcoin Cycle that you want to pay very close attention to the price action of Bitcoin when trading Alts. Note, under such period, the falls in Alts tend to be more accentuated than in Bitcoin. How to analyze the charts to determine a Bitcoin cycle? The first tip is to compare the Total Market Capitalization vs Total Market Capitalization (Excluding Bitcoin). If one chart is a similar or exact replica of the other, as illustrated below for Jan - March 2018, that's a clear sign of a Bitcoin cycle. Remember, the main characteristics are that Alts will be strongly correlated to Bitcoin, which is unequivocally the case in the example below.  Another aspect to help one reinforce the notion of spotting a Bitcoin cycle is by identifying a rising dominance in Bitcoin vs Alts via the Percentage of Total Market Capitalization (Dominance) chart. Remember, the more allocation of capital into Bitcoin, the higher its share of total capitalization, which more often than not, tends to happen during bear markets, as participants flock off to the likes of BTC and to an even larger degree USDT.  Bitcoin Cycle in a Bullish Market Capitalization Trend You may wonder, can the crypto market be in a Bitcoin cycle while in a bullish environment? The answer is Yes. It can happen either when Bitcoin is on a strong trend as in Nov 2017, or when we enter a period of a more orderly and gradual uptrend. During these periods, the positive correlation between the price action in Bitcoin vs Alts tends to break away. The former increases in dominance, while the latter reduces its share, although at a slower rate vs a bitcoin cycle in a bearish market cap trend. It typically happens due to excessive speculation or in anticipation of hard forks, with the latter causing an incentive for traders and investors to diversify away from Alts, motivated by the promise of free coins (Bitcoin Cash fork a clear example). Meanwhile, exuberance in the price of BTC can happen due to pure hype/mania, a time which tends to see Bitcoin google searches skyrocket. An example of a Bitcoin cycle in a bullish market can be seen below between June - Oct 2017:  A Bitcoin cycle in a bullish market cap trend does not display the same similarity when comparing Total Market Capitalization vs Total Market Capitalization (Excluding Bitcoin). You will notice, the declines in Alts tend to be sharper, with periods of longer consolidation in the Total Market Capitalization (Excluding Bitcoin) as more capital finds its way into Bitcoin.  Monitor ETH/BTC As a Proxy for BTC Cycles The sentiment towards Alts can also be assessed by checking the price action in the ETH/BTC chart. Since a large share of the Alts run on top of the Ethereum platform, ETH serves quite accurately as an indicator of sentiment in the Alts conglomerate, which when combined against the price of BTC, gives you a picture of what asset is outperforming the other. If ETH/BTC is on a decline, we are under a BTC Cycle, which could happen under both bullish or bearish markets in terms of total capitalization. On the flip side, if the chart breaks to the upside, the market then transitions into an Alts cycle, which has the peculiarity of taking place only under bullish markets in market capitalization. That said, Alts cycles deserve another article on its own (coming up).  Conclusion Information is power and being able to interpret the right context when trading cryptos is of paramount importance. As explained in this article, Bitcoin market cycles show unique characteristics in the overall price behavior with a direct market impact on Altcoins. By putting the pieces of the puzzle together before venturing into active intraday crypto trading allows you to stay in tune with market dynamics to make the right trading decisions. [link] [comments]  |
| What's the difference between OkCoin and OkEX ? Posted: 28 Mar 2018 03:27 AM PDT I still don't get it. Seems like Futures are only on OkEX but OkEx also have a spot market ? So what is OkCoin for then ? [link] [comments]  |
| Is anyone else a little skeptical about Binance? Posted: 27 Mar 2018 12:58 PM PDT The growth of the exchange has been incredible and I give full respect to the team over there for doing what they've done in the past 8 months. However it seems they are jumping from jurisdiction to jurisdiction trying to escape laws and regulations. Instead of playing game with the laws in Japan they decided to run over to the Mediterranean. How is that commendable when Japan is like the second largest market for crypto? There's no law or anything that protects customers on Binance besides the good will of the CEO. Given how much money customers have on there it would be catastrophic for the exchange to get hacked or governments to start outlawing its use. How are they going to have fiat pairs on a major world currency if they don't do any KYC or AML? It doesn't make sense to me. [link] [comments]  |
| Release of new ASICS -> rise in price? (Pt. 2) Posted: 28 Mar 2018 07:18 AM PDT In the previous post... https://www.reddit.com/r/BitcoinMarkets/comments/862895/release_of_new_asics_rise_in_price/ ...Lots of respondents disagreed with the idea that the miners represent a fundamental at all which surprised me but does intrigue me. I assume it is uncontroversial to say that Bitcoin's immutability property is secured through economics. That is to say, if miners don't get paid they don't mine and so it is easy(cheap) for an attacker to form a longer chain than the 'honest' chain in order to achieve a double spend. If security increases with abundance of mining operations then surely there is a causal relationship between mining investment and bitcoin price. Conversely, if hashing levels are weak and the network is vulnerable, bitcoin won't be very valuable. Of course there are other factors which affect price (demand, news, opinion, utility, liquidity, etc...) and these can be very powerful, far more than a fundamental even, but a fundamental could be expected to hold true and therefore reveal its effects over a long period of time. Does the notion that bitcoin gains security through economics not imply there is a fundamental valuation at play based on the invested capital by miners? [link] [comments]  |
| Posted: 27 Mar 2018 10:52 AM PDT In America, Easter is Sunday. A lot of American families give their kids candy and money on Easter. I think it could be a big day for bitcoin, because everyone will use their money to invest. Maths to back up this theory: According to this site, there are approximately 55 million children in the US between the ages of 0 and 11. If, on average, each kid receives 50 cents in Easter egg hunts and spends just 25% of that (a VERY conservative estimate) on bitcoin, we'll see an influx of $6.875 million to the market. In conclusion: On Easter, Christ rose from the dead. Bitcoin has been falling for quite some time and some are declaring it 'dead.' Coincidence? Checkmate, atheists. [link] [comments]  |
| Posted: 28 Mar 2018 06:24 AM PDT I lost a lot of fiat during the crash and currently I'm down 60-70%. I have a small amount that I consolidated 2 weeks ago from different wallets that is currently in Binance that is worth 15% of my overall portfolio (this is different from my major holding of another altcoin, which is where my majority of my loss is). I was able to make that small stack in Binance +25% the past couple of weeks. I recently signed up for Bitmex and learned the beauty of margin trading. Please note I have just started leveraged trading last week in another exchange (eToro) and lost a bit in the beginning but I think I'm getting the handles on it now. My plan is to transfer that small stack in Binance into Bitmex, and leverage the hell out of this downward spiral we are in. My aim is to at least to double that stack then put half back into Binance for some small gains with a target of 25% every other week. What's left on Bitmex, I'll try to double again. I'm sure I'll lose some of these trades, so whatever I have in Binance, I'll pump right back into Bitmex. Whenever I double my Bitmex stack, I'll put back into Binance for a more controlled trading. My overall goal is to at least get back the 60-70% loss during this crash. Has anyone successfully traded during this bear market with something similar to this strategy? Any tips you could give me? I'm prepared to lose the small stack as I still have my altcoin holdings that I'm not gonna let go for months/years at least until the market recovers. [link] [comments]  |
| Interesting read and viewpoint Posted: 27 Mar 2018 06:28 PM PDT Ran into this on Twitter - what do you think? https://www.tradingview.com/chart/BTCUSD/xuyQZ08h-BITCOIN-BTC-Are-we-looking-at-it-the-wrong-way-M/ [link] [comments]  |
| Bitcoins still testing important support band at 8k. A lot of trading going on at this level. Posted: 27 Mar 2018 02:28 PM PDT |
| Are you BULLISH or BEARISH on Bitcoins price? Posted: 27 Mar 2018 01:25 PM PDT So? You can take the poll to see https://www.strawpoll.me/15375835 [link] [comments]  |
| Sibcoin Foundation public report: February 2018 Posted: 27 Mar 2018 12:59 PM PDT |
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