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    [Daily Discussion] Monday, December 31, 2018 Bitcoin Markets

    December 31, 2018

    [Daily Discussion] Monday, December 31, 2018 Bitcoin Markets

    [Daily Discussion] Monday, December 31, 2018

    Posted: 30 Dec 2018 08:06 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:

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    [Altcoin Discussion] Monday, December 31, 2018

    Posted: 30 Dec 2018 08:06 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:

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    Hello! Next round of Global Traders Competition will start on 2nd January at 17:00UTC

    Posted: 31 Dec 2018 12:27 AM PST

    Let me introduce you 4 steps of this article: - Summary of previous 20 weeks of Global Traders Competition; - New format for Global Traders Competition; - Improvements of the Beta platform; - Private Telegram chat for traders.

    1. Summary of previous 22 weeks of Global Traders Competition

    22 weeks ago, Membrana Blockchain Platform has launched the Global Traders Competition, where every crypto enthusiast have a chance to try his best with trading digital assets. Let me recall the rules: each week participants, who passed KYC procedure, receive $100 for trading via Membrana Trading Terminal and compete for a prize pool of $100,000. Also, all participants receive special tournament points, amount of which is based on their trading success. Subsequently, these points will be exchanged for Membrana tokens. For this community engagement Membrana reserved up to $800,000. Nice? Yeah.

    10 weeks ago we published article how Competitions lasts. So, let's look for changes. Since October traders amount have increased more than twice: from 97 traders to 225 now.

    Most profitable trader — TAONOW — generated 108% annually profit. We have counted: traders, who generate profit of 10% per month and compete more than 10 weeks could generate 56% profit per annual. It's really amazing and confirms we are moving on the right path. On the other hand, we have like 80% of total traders amount, how brings losses in average.

    But more changes we get from the market. Bitcoin price falls from $6,500 to $3,200. And all this time our traders still compete by Membrana's budget, all losses were covered by it.

    Time is come and we have to change the rules.

    1. New format for Global Traders Competition The main goal of Competition is to give successful traders an opportunity to gain profit with Membrana. To do this, we are able to focus on supporting traders, who already showed their skills: they will get increased contract amount for trading and respectively gain more profit. "Success" for trader is counted as average profit amount for the last 3 weeks in percents.

    We decided to save traders reward for contract management on the amazing hight level and now it is 50% against usual market condition, where trader get 20% reward from profit from trust management.

    All changes are here: Total amount of places in the round depends of the total budget for Trust Management in the round and it is a $6500 for this step. It will be increased in the future, when traders will show better results.

    Each trader have his own rating of "success", you can see this in the Leaderboard. Count example for user "JIM321": (10.7 + (-9.09) + 53.72) / 3 = 18.44

    For the first 10 places contract amount is increased: for 10th place $300, for first $1000 (all info see in schedule below):

    Schedule for contract's amount for round with trader's rating above "0" New traders can get contract with $20 and "0" as a success rating. It means, what trader can't get more than $20 for trust management until his rating above 0. Traders reward is 50% from profit. It will be transferred to trader's ETH address until the next round ends.

    Trader, who wants to get contract in the next round, have to confirm this by pushing button in the Leaderboard. If you don't confirm the participation, you skip next round. Stoploss settled to 10% (previous was 20%). All point are accrued the same way: Points depending from places

    1. Improves of the Beta platform 1) Hashlog 2) Conditional limit order 3) Notification system 4) Private Telegram chat for traders

    1) Hashlog. What is it?

    Part of Membranas' Beta version: Hashlog Membrana Blockchain Platform uses blockchain to validate traders' activity. To do this, the hash sum of traders' transactions for the day is saved in the Ethereum blockchain.

    submitted by /u/ZiroomZi
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