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    [Daily Discussion] Tuesday, November 27, 2018 Bitcoin Markets

    November 27, 2018

    [Daily Discussion] Tuesday, November 27, 2018 Bitcoin Markets

    [Daily Discussion] Tuesday, November 27, 2018

    Posted: 26 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

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    • 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] Tuesday, November 27, 2018

    Posted: 26 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.

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    How will the upcoming Mt. Gox BTC coin distribution affect 2019 w/ Bakkt, Fidelity, and Nasdaq?

    Posted: 27 Nov 2018 10:08 AM PST

    So it just came out that Nasdaq is also launching a bitcoin futures exchange in Q1 2019

    https://www.ccn.com/breaking-what-crypto-winter-nasdaq-to-launch-bitcoin-futures-market/

    And with Bakkt's recent delay, that means Nasdaq, Bakkt, and Fidelity will be launching in Q1 2019.

    That article states the reason for Bakkt's delay is this:

    On November 20, the company delayed the listing of Bitcoin futures citing an unforeseen increase in demand for its futures product. Bakkt stated that it needs additional time to prepare the infrastructure that is required to serve a large group of investors based in the US.

    An unforeseen increase in demand? Ok that sounds pretty cool.

    But next year is also when the BTC from Mt. Gox will be distributed. From that, I am assuming a massive sell-off will occur. Many will still hold their coins I'm sure. But at the same time, it's free money, so why wouldn't they sell? It was written off in their minds and now that free money came back. I am not from that era so I don't understand the mindset.

    My question is, what do you speculate will happen next year? I guess I am having trouble understanding why these institutions, if they are that much better and smarter than crypto retail, are going to onboard clients knowing they are going to get massively dumped soon after entry. Did everyone just forget about all those coins? Are they playing the long game with the "1% of portfolio allocation" idea and that is just a short term bump in the road?

    submitted by /u/Firestreak123
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    Bitcoin price predictions revisited

    Posted: 27 Nov 2018 10:02 AM PST

    It is time to revisit my bitcoin price predictions from early 2018, now that they have all come true.

    In this posting I predicted that $5,000 would be broken.

    In this later prediction I foresaw a fall to $4,000.

    If you now asked me for more predictions, I'd have to say that any precise prediction is more difficult today. I consider $3,000 quite likely but not assured. I cannot entirely rule out $2,000.

    I think the price will keep showing some lower lows, but it could also form little hills on the way when crazy speculators think we're going to the moon right now. I think some time in 2019 may be the best to buy again for the long-term investor.

    A lot depends on how the Lightning Network develops. If we see easy-to-use Lightning wallets or a Lightning function in existing wallets, that could make bitcoin more useful, particularly for small amount transactions, and could therefore support a moderately higher price.

    submitted by /u/hgmichna
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