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    [Daily Discussion] Sunday, November 04, 2018 Bitcoin Markets

    November 04, 2018

    [Daily Discussion] Sunday, November 04, 2018 Bitcoin Markets

    [Daily Discussion] Sunday, November 04, 2018

    Posted: 03 Nov 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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    [Altcoin Discussion] Sunday, November 04, 2018

    Posted: 03 Nov 2018 09:05 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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    Tether Has No Real Impact on Bitcoin price: University Researcher

    Posted: 03 Nov 2018 11:36 AM PDT

    Contrary to the somewhat-popular idea that tether (USDT) issuance is used to manipulate crypto markets by boosting the price of bitcoin, a new academic study by researcher Wang Chun Wei of the University of Queensland Business School shows that the most widely-used stablecoin in fact has a negligible effect.

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    Tether and the 2017 Bitcoin Price Rally

    Titled "The Impact of Tether Grants on Bitcoin," the report examines the tether-bitcoin price manipulation theory using a Value-at-Risk (VAR) model to establish conclusively that while there is a positive correlation between USDT grants and bitcoin's trading volume, this does not lead to any significant bitcoin price movement.

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    In July, CCN reported that researchers from the University of Texas claimed that market manipulators used Tether's USDT token to artificially inflate the bitcoin price during its prolonged 2017 bull run. In the 66-page report, Professors John Griffin and Amin Shams argued that tether has been repeatedly used to provide price support for bitcoin during market downturns.

    ​

    Using the VAR model however, the new study debunks these claims, stating that no empirical evidence could be found to support claims of a positive correlation between USDT grants and the 2017 bitcoin price rally.

    submitted by /u/emma1890
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    Bitcoin: $300k by 2025 - Tradingview Idea

    Posted: 03 Nov 2018 03:27 PM PDT

    https://uk.tradingview.com/chart/BTCUSD/Y9Pb5620-Bitcoin-300k-by-2025/

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    Long-term Bitcoin -0.63% analysis using a logarithmic scale. As shown, Bitcoin -0.63% remains in the long term trend lines set by the top and bottom of the 2014 bear market, ifBitcoin -0.63% is to remain in these trend lines , it needs to start making an upwards move in early 2019. I have also drawn a few curves that Bitcoin -0.63% could follow if it is to fall below the trend line .

    My first price target is $100k which I expect to be met between mid 2020 and mid 2021. I then anticipate another 12-16 month bear market before finally resuming the bull market and heading towards $300k between 2025 and 2026; I have chosen $300k as that would put Bitcoin -0.63% on a slightly smaller market cap than gold -0.06% assuming that 20 million coins had been mined ($6 trillion).

    Finally, I have indicated accumulation zones in green, currently between $5.7k and $7k, I expect to move out of this range within the coming few months. Then similarly in the 2022/2023 bear market I expect Bitcoin -0.63% to fall 60-70% and accumulate between $30k and $40k range.

    submitted by /u/TobyMortimer
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