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    [Daily Discussion] Saturday, June 30, 2018 Bitcoin Markets

    June 30, 2018

    [Daily Discussion] Saturday, June 30, 2018 Bitcoin Markets

    [Daily Discussion] Saturday, June 30, 2018

    Posted: 29 Jun 2018 09:06 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.

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Saturday, June 30, 2018

    Posted: 29 Jun 2018 09:06 PM PDT

    Thread topics include, but are not limited to:

    • Discussion related to recent events
    • Technical analysis, trading ideas & strategies
    • General questions about altcoins

    Thread guidelines:

    • Be excellent to each other.
    • All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
    • This is for high quality discussion of altcoins. All shilling or obvious pumping/dumping behavior will result in an immediate one day ban. This is your only warning.
    • No discussion about specific ICOs. Established coins only.

    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:

    submitted by /u/AutoModerator
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    How could stop losses have saved me big time in these past few weeks?

    Posted: 29 Jun 2018 08:09 PM PDT

    OK... please be kind... I'm severely underwater atm... and I'm laying it all on the table here.

    I put about 50% of my stack in a long around may 29th 2018 (~$7,100 USD/btc) when I was being super fucking optimistic about a "higher low triple bottom" that I thought I saw in the charts.

    We hit $6k even around Feb 6th, $6.5k around April 6th I think it was, and then $7.1k on May 29th... I thought I was fuckin golden... ready to rocket at least up until $8.5k or so...

    I was thrilled (and exhibiting hubris) when we reached $7.8 shortly after that and kept on holding because "I know I'm right" tm

    Well fast forward to today and I'm still holding the same bag unfortunately.

    It's not terrible... obviously I am thrilled that we're edging closer to my original long position... but I have this question kicking around in the back of my mind that's eating away at me right now...

    Which is How could stop losses have saved me big time in these past few weeks?

    I don't even know how to use them even though they say they're available on poloniex which is where I hold most of my crypto assets atm...

    I was super confident about $7,100 but would have gladly sold at $6,800 if I wasn't sleeping when it smashed through that price point last weekend I think it was...

    I was shitting bricks around $5,800 and thinking "living in a cardboard box next year won't be so bad" but still wasn't too worried because what I originally saw as a triple bottom in the charts still rang true.... any lower however and I would have been forced to sell out of necessity unfortunately.

    How can I use stop losses to my advantage in the future? And where is the best place to execute them?

    Do I pay fees for setting stop losses?

    I probably shouldn't be trading without knowing all of this ahead of time and I know it... but I've still made considerably gains in the past year and am eager to learn more ASAP.

    Thanks for reading.

    submitted by /u/grumpyThrifter
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    Looking for a new straightforward exchange..

    Posted: 29 Jun 2018 11:37 PM PDT

    I was (until last night) using gdax, which was simple to use and didn't have any tricky functions (i read another thread here where a guy got bitten when he messed up leveraged trades), BUT they've now forced a move over to Coinbase Pro which is, umm, lacking is capability but has plenty of bugs (It shows my BTC orders on my ETH orderbook, but it labels it as an ETH order, not really planning on paying 5000+ euros for ETH!).
    I only used Coinbase initially as i can deposit my Nicehash mining payments there.
    I'm UK based so i've been trading Euros, so could anybody suggest a similar "simple" trading platform. Thanks.

    submitted by /u/biobasher
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    Daily Dimes News Publish

    Posted: 29 Jun 2018 11:38 AM PDT

    Through the week I aggregate various news in the space for my own purposes, I've been publishing it for a while now for other people to utilize if they like it, it's gotten a decent reception. Recently contacted mods of various reddit subs to ask if it was ok. Trying it out to see if anyone here finds it useful.
    Ty for your comments ahead of time.

    There's a daily BTC TA charting in it at the bottom covering my take on macro and local trending. I tend to draw a fair amount of inspiration over time from the BTC daily talk as well.

    https://steemit.com/crypto-news/@jcharming/the-daily-dimes-a-cryptonews-publish-06-29-18

    submitted by /u/jc_harming
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    Bitcoin 2013-14 Historical Statistics Repeating itself?

    Posted: 29 Jun 2018 03:50 PM PDT

    Hi,

    Bitcoin had a 78% decrease from 2013 all time high from around $1200 to $250. All time high for 2013 was on Nov 30th. To get to $250 boring volatility it took 1 and a half years and a further 6 months wait to see some uptrend totalling 2 years to wait to catch the slow bull train from the 1st train station stop. In summary this bear market lasted 2 years.

    The 2017 crazy bull market started from May 1st 2017 from $1300 all the way to $20000 in Dec 2017 that took 8 months. This is 1438% increase. If we do get another bull run like this passing 20k all time high then new ATH will be $288000 in Dec 2021 then a repeat 78% retracement of this $over a quarter million figure? Isn't this bad health for bitcoin?

    So using these statistics is it best to buy bitcoin at $4400 by boarding the 1st train stop departure in June 2019?

    I know I will get a reply saying bitcoin's popularity and exposure wasn't as big in 2013-14 compared to now however can someone give me reasons why history wont repeat itself?

    I know I will get another reply saying bitcoin died many times in past and survived however everyone knows this latest crash from 20k so how can bitcoin survive from this well exposed crash high from the sky?

    Has the 78% crash from 20000 to 4400 scared the average public away to invest in it?

    What must bitcoin do to gain the confidence from public again apart from lightning network and store door front logos appearing everywhere? Will it be the upcoming another economic recession like in 2007/8? Will average public able to afford bitcoin in a economic recession? Also how we stop average public driving up prices by 1438% in the future as it's not healthy growth.

    My final question is how can bitcoin have a steady slow healthy growth without 78%'s retracements in its future?

    submitted by /u/very_452001
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    Who's that in front of all the other exchanges in aggregated orders books 29-6-18?

    Posted: 29 Jun 2018 01:03 PM PDT

    Watching data.bitcoinity.org today I noticed that "others" had most orders today both on sell and buy side ("all currencies"). Very peculiar. I asked the admin but no reply yet. Any one who know what this is?

    Screendump: https://imgur.com/a/11nzKSe

    Still there, about 8-10 times the size of the Bitfinex orderbook. Bitmex is XBT (leveraged) and doesn't really count.

    submitted by /u/duderino88
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