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    Monday, November 19, 2018

    [Daily Discussion] Monday, November 19, 2018 Bitcoin Markets

    [Daily Discussion] Monday, November 19, 2018 Bitcoin Markets


    [Daily Discussion] Monday, November 19, 2018

    Posted: 18 Nov 2018 08:05 PM PST

    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] Monday, November 19, 2018

    Posted: 18 Nov 2018 08:05 PM PST

    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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    [PSA] Non-genuine Trezor One devices spotted. Be careful, buy only from Trezor Shop or authorized resellers.

    Posted: 19 Nov 2018 08:21 AM PST

    There were many Trezor clones released over the years of our activity. These clones try to get as close as they can to imitate the original Trezor device along with its packaging. In recent weeks, a one-to-one copy of Trezor One was discovered. A fake Trezor device, manufactured by a different, unknown vendor, is a strong reason for you to pay extra attention to the provided secure elements.

    Of course, the simplest way to procure your genuine Trezor One is to buy it only at the official Trezor shop, official Amazon shop or from official resellers. You should be very cautious when buying on other marketplaces, such as eBay, Taobao, AliExpress, unknown Amazon resellers or other places.

    Click on "Read More" for detailed information on how to spot a fake Trezor One.

    Read More

    submitted by /u/PleasurableButtStuff
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    Bloomberg on the OKex Bitcoin Cash (BCH) contract liquidations - Furious Traders Slam Crypto Exchange for Fiddling With Contracts

    Posted: 19 Nov 2018 08:34 AM PST

    Bloomberg is reporting that:

    • 'OKEx is losing credibility': trader who took a $700,000 hit
    • Exchange says it acted to protect clients from volatility

    An unorthodox move by one of the world's biggest cryptocurrency platforms to change the terms on $135 million of derivative contracts has infuriated traders and saddled some of them with losses, underscoring the risks of using unregulated virtual currency exchanges.

    The episode at Hong Kong-based OKEx, which claims to handle more than $1 billion of crypto trades daily, involved futures on Bitcoin Cash, the virtual currency that split into two last week. In a decision that traders described as unusual if not unprecedented, OKEx forced the early settlement of its Bitcoin Cash contracts without warning on Nov. 14, just as prices were tumbling.

    Link to article: https://www.bloomberg.com/news/articles/2018-11-19/furious-traders-slam-crypto-exchange-for-fiddling-with-contracts

    The Block is also reporting on it: https://www.theblockcrypto.com/tiny/okex-settled-contracts-early-without-warning-causing-traders-lose-24-million/

    submitted by /u/dnivi3
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    Upcoming dark/lit exchange LXDX.co intends to do a daily lottery and award rebates to one trading account, which is somewhat unusual in this space. What other unusual rebates have you encountered?

    Posted: 19 Nov 2018 08:33 AM PST

    whitepaper https://www.lxdx.co/resources/lxdx-whitepaper.pdf

    p9: "This daily drawing is structured such that only 50% of days result in a payout. Metaphorically, a coin is tossed daily. If it comes up heads, the drawing takes place and 5% of all tokens collected are awarded to a randomly chosen user. If the coin toss comes up tails, the tokens roll into the next day's pool. Both the drawing and "coin toss" will be performed by audited RNG algorithms on publicly available information to demonstrate provable fairness."

    submitted by /u/AlgosForCryptos
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