[Daily Discussion] Sunday, April 29, 2018 Bitcoin Markets |
- [Daily Discussion] Sunday, April 29, 2018
- [Altcoin Discussion] Sunday, April 29, 2018
- Did Bitcoin Hit Rock Bottom? Here’s A Potential Timeline For Recovery
- A reminder about a Bitcoin fact during the price recovery
- Why Bitcoin should be priced in "Bits"
- Bitcoin Price Weekly Analysis – BTC/USD Could Break $10,000
- If a country bans bitcoin, investors will move away
- ⚠️ WARNING ⚠️- Protecting yourself in Crypto World
- Real-time Cryptotrading Predictions on Intel Rack Scale Design.
- Introducing Reversible ETH (RETH): Never send Ether to the wrong wallet. Live on mainnet @ SilverWire.io
- Shorting BTC
- You can earn Bitcoin while using Google Chrome with this fantastic add-on.
[Daily Discussion] Sunday, April 29, 2018 Posted: 28 Apr 2018 09:06 PM PDT Thread topics include, but are not limited to:
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[Altcoin Discussion] Sunday, April 29, 2018 Posted: 28 Apr 2018 09:06 PM PDT We are trialing an altcoin daily discussion thread. If this doesn't go well we'll cancel it. Thread topics include, but are not limited to:
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If you're not sure what kind of discussion belongs in this thread, here are some example posts. News, TA, and sentiment analysis are great, too. Other ways to interact:
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Did Bitcoin Hit Rock Bottom? Here’s A Potential Timeline For Recovery Posted: 29 Apr 2018 03:10 AM PDT In recent days, we've seen a noticeable recovery in crypto prices. From Apr 1st, 2018 (when BTC hit an intraday low of $6463.54) until today (with BTC around $9240), Bitcoin has recovered 44%. While this is impressive, it's still far from the $19k+ levels we saw in mid-December 2017. The questions on everyone's mind are: https://blog.coinfi.com/did-bitcoin-hit-rock-bottom-heres-a-potential-timeline-for-recovery/ [link] [comments] |
A reminder about a Bitcoin fact during the price recovery Posted: 29 Apr 2018 04:14 AM PDT One fact that keeps getting overlooked by all those twitter pundits desperate to outforcast each other on how high Bitcoin will go this year is the fact the each day there are still 1800 new Bitcoins minted. On the surface that doesn't sound like much when you see the (alleged) volume BTC does each day. But at $9000 USD per coin that's a whopping $16.2M of NEW coins coming into the market each day. Yes yes yes. I realise miners don't always dump ALL their coins. But anyone who's mined will tell you that recently the difficulty has skyrocketed, making margins super thin. This translates into miners needing to sell a much higher % of their coins to pay the electricity bill each month. So whether it's through the cost of electricity, purchasing mining equipment, or buying the coins on the market, roughly $16M USD needs to be ADDED to the Bitcoin ecosystem every. single. day. for the next two years. So if you see the price going sideways, that's incredibly bullish because it means that a shit-tonne (that's metric) of money is still flowing IN to Bitcoin. So it's possible to be bullish on Bitcoin and still expect the price to go sideways for the next two years. Even if the price falls significantly, it still requires a lot of new money to keep buying the new coins. (New can mean existing investors adding more of course.) As you may or may not know, approx May 2020 we see the block subsidy halve from 12.5 per block to 6.25. This makes it about 900 coins a day. I understand everyone loves their charts and trend lines. Good for you. But this isn't a stock. It's a new asset class that still has a pretty damn high inflation rate (in that the overall supply is inflating). So as the price goes sideways the market cap is still increasing substantially. For example, take someone predicting an EOY price of $50k USD. On the surface it seems entirely plausible. If wall st and hedge funds get interested, the price can only go up. But for BTC to hold a $50k price right now, we'd need about $90,000,000 of NEW money each and every day to flow in to Bitcoin. At the moment if a major fund announces they have a Billion dollar stake in crypto it's major headlines. Well that's just 11 days of new coins at a $50k market cap. So we'd need one of them every other week to take new positions just to maintain a 50k price point. I'm not saying it's not POSSIBLE. But I'd be very hesitant taking advice from anyone telling you it's a sure thing. AFTER 2020, all bets are off. And after 2024 when it halves again, I can see the price going crazy north. But let's take a long, deep breath, and remember that there's a long way to go in this story. [link] [comments] |
Why Bitcoin should be priced in "Bits" Posted: 28 Apr 2018 11:22 PM PDT |
Bitcoin Price Weekly Analysis – BTC/USD Could Break $10,000 Posted: 29 Apr 2018 12:24 AM PDT Key Points
Bitcoin price is moving nicely above the $8,600 support against the US Dollar. Going forward, BTC/USD is poised to extend gains above $10,000 and $10,500. Bitcoin Price TrendThis past week, bitcoin price gained traction and traded towards the $9,800 level against the US Dollar. It traded as high as $9,742 before sellers appeared. Later, a downside correction was initiated and the price declined below the $9,500 and $9,200 support levels. The price even broke the 23.6% Fib retracement level of the last leg from the $7,786 low to $9,742 high. Finally, there was a spike below the $9,000 level before buyers reappeared. BTC price tested the 61.8% Fib retracement level of the last leg from the $7,786 low to $9,742 high to complete a correction pattern. It started an upside move and moved back above $9,000. Buyers also succeeded in breaking a connecting bearish trend line with resistance at $9,200 on the 4-hours chart of the BTC/USD pair. It seems like the pair is back in an uptrend above $9,200, and it could accelerate gains towards $9,750. More importantly, the price may perhaps break the all-important $10,000 level to trade to a new monthly high. Looking at the technical indicators: 4-hours MACD – The MACD for BTC/USD is back in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI is moving higher towards the 65 level. Major Support Level – $9,150 Major Resistance Level – $9,750 [link] [comments] |
If a country bans bitcoin, investors will move away Posted: 29 Apr 2018 06:06 AM PDT |
⚠️ WARNING ⚠️- Protecting yourself in Crypto World Posted: 29 Apr 2018 05:58 AM PDT |
Real-time Cryptotrading Predictions on Intel Rack Scale Design. Posted: 29 Apr 2018 03:43 AM PDT Signals aims to disrupt the cryptotrading industry by lowering the barrier to creating algorithmic trading models, even for users without any programming skills. Their mission is to open crypto trading to anyone by empowering users with smart tools for creating automated trading strategies. Signals is a playground for those who want to experiment with different trading models and machine learning techniques, as well as building and optimizing strategies and sharing them with others. After closing multiple fruitful partnerships, They have released an alpha version of Signals, which has already more than 19,000 registered users. [link] [comments] |
Posted: 29 Apr 2018 03:07 AM PDT |
Posted: 29 Apr 2018 01:05 AM PDT I read about shorting Bitcoin; whales and others manipulating the market, etc. but how can the average joe short Bitcoin? Not that I want to but I know how on traditional markets but not how I deal with btc. [link] [comments] |
You can earn Bitcoin while using Google Chrome with this fantastic add-on. Posted: 29 Apr 2018 07:19 AM PDT Easily the best add-on since Adblocker Plus! You do need to invite people if you want to earn a decent amount though. It's worth the effort. :) [link] [comments] |
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