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    [Daily Discussion] Wednesday, September 26, 2018 Bitcoin Markets

    September 26, 2018

    [Daily Discussion] Wednesday, September 26, 2018 Bitcoin Markets

    [Daily Discussion] Wednesday, September 26, 2018

    Posted: 25 Sep 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.

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Wednesday, September 26, 2018

    Posted: 25 Sep 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.

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    submitted by /u/AutoModerator
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    Bitmex liquidation explained - how to avoid being REKT (correct stop loss order?)

    Posted: 26 Sep 2018 07:20 AM PDT

    Never ever allow to be REKT at Bitmex as in this case you lose much more then you should! This is the way how Bitmex insurance fund grows so fast and is so enormous. In the end of this article you can read about 2 common mistakes and how much sometimes people lose if for example 10 000 000 quantity trade was liquidated at Bitmex.

    Never ever Bitmex REKT again!!

    You can observe how may traders got REKT at Bitmex platform if you click Alert on liquidation. I use it to open trades.

    submitted by /u/marcepolak100
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    Tax Audit

    Posted: 25 Sep 2018 07:03 PM PDT

    I'm based in Japan.

    My accountant told me the tax office will investigate my dealings back to 2015. I didn't hide anything so in principle I shouldn't be scared too much however I'm always scared of becoming a victim of some obscure tax rule

    And it will be a huge waste of energy for many months and I will need to pay hefty extra fees to my (unknowledgeable) accountant to represent me (300usd an hour good grief)

    Of course I'm not surprised given I made very substantial gains and declared it all, and I prepared my taxes in a professional manner.

    The Japanese tax office made it known in the newspaper months ago they would put a special effort investigating crypto traders. They are keeping their word

    Expect their friends to join the party soon

    submitted by /u/GrossBit
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    The daily market overview by Coin360, September 26.

    Posted: 26 Sep 2018 07:52 AM PDT

    Prediction: bitcoin will break its long term trendline at sub 5k before the bear market is over.

    Posted: 25 Sep 2018 04:29 PM PDT

    The long term trendline I am talking about is the green line in this picture: https://www.tradingview.com/x/LXJ243Cw/

    According to that chart, if that line holds, then we will AT A MINIMUM be back at our all time high by December 2019. Personally, I can't believe getting back to our all time high in a year. It took tons of fomo enthusiasm from retail investors for that to happen. Right now, retail has been pretty burned and I can't see them coming back en mass in a year. As for institutional investment, I don't think an etf is likely to be approved this year. As for baktt, I think we have to wait and see what impact it will have on the price. We don't know how many institutions will join it immediately; if that number is few, it may not have an immediate impact on the price.

    In short, I think it is a very strong bet that bitcoin will not reach its all time high by the end of 2019. In fact, I would say it is almost obvious bitcoin will not reach its all time high by that date.

    And if you believe that, then, logically, you must believe long terms support will not hold. Right now, we are in a giant descending triangle in a bear trend. Now seems as good a time as any for that line to break.

    In addition, I have suspicions about our bottom. We did not confirm any of our lows on high volume, which suggests to me that, as a whole, there is not much enthusiasm for buying in that range, just a lack of sellers. In addition, we broke our long term trendline in the previous bear market so there is precedent for these lines breaking.

    So tldr, do you think bitcoin will be above 20k by December 2019? Because, by betting on that green line, the long term support, that's what your betting on.

    Do you really want to make that bet? Because I don't.

    submitted by /u/Happy_Pizza_
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