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    Sunday, August 5, 2018

    [Daily Discussion] Sunday, August 05, 2018 Bitcoin Markets

    [Daily Discussion] Sunday, August 05, 2018 Bitcoin Markets


    [Daily Discussion] Sunday, August 05, 2018

    Posted: 04 Aug 2018 09:05 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.

    Other ways to interact:

    submitted by /u/AutoModerator
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    [Altcoin Discussion] Sunday, August 05, 2018

    Posted: 04 Aug 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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    Does Bitcoin Dominance Matter To Traders?

    Posted: 05 Aug 2018 06:03 AM PDT

    Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn't mean it can't add value to your trading.

    A quick podcast with traders explaining how they play the dominance cycle.

    submitted by /u/Smilinmong
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    Incoming institutional money effect on the typical btc/alt cycle

    Posted: 04 Aug 2018 05:36 PM PDT

    So it looks like the gateway for institutional money flow into crypto will be bitcoin. * Coinbase Custody Solutions * Baktt * Possible CBOE ETF

    Bitcoin prices will clearly lead. But what effect do you think this new money flow will have on the usual btc/alt coin cycle? Won't bitcoin have an "ungodly" percentage dominance?

    submitted by /u/HarleyD____5
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    How One Bitcoin Futures Trader Is Fueling The Flash Crash

    Posted: 04 Aug 2018 01:43 PM PDT

    "A futures trader is playing a role in today's cryptocurrency market slide, as Bitcoin (BTC) dropped 7% to around $7,000, dragging some altcoins into double-digit losses.

    Hong Kong-based OKEx, the world's second largest cryptocurrency exchange by trading volume, said it was forced to cover a trade when an anonymous futures trader, who made a wrong-way bet on Bitcoin, was unable to cover losses when Bitcoin's price went down.

    The enormous long position, worth approximately $416 million, was force-liquidated on July 31. At that time, OKEx released a statement that due to the sheer size of the order, their risk management system could trigger the 'societal loss risk management mechanism.'"

    Source: https://dailyhodl.com/2018/08/04/bitcoin-price-action-the-market-dip-the-bitcoin-whale-and-cryptos-future/

    submitted by /u/ghostlyoctopus
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