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    [Daily Discussion] Saturday, December 08, 2018 Bitcoin Markets

    December 08, 2018

    [Daily Discussion] Saturday, December 08, 2018 Bitcoin Markets

    [Daily Discussion] Saturday, December 08, 2018

    Posted: 07 Dec 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.

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Saturday, December 08, 2018

    Posted: 07 Dec 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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    BitMEX - BTC settled futures IS killing the BTC price and it will continue until the volume drys up on BTC settled futures.

    Posted: 07 Dec 2018 10:32 AM PST

    The BitMEX platform's derivatives are especially harmful to unregulated markets as these futures are settled in asset (BTC) instead of fiat.

    When a contract settles or is sold on a BTC settled futures platform, the winner gets BTC (both short and long winners get BTC). The spot (fiat) market controls the settlement price and cannot be bought up with BTC. It can ONLY be sold down with BTC.

    In a normal market there would be competing long traders offsetting the short traders. These long traders would be attempting to manipulate the spot up and therefore profit from their futures contract longs. This cannot happen in a BTC settled futures market without massive outside cash reserves. There is no way for a long trader to make fiat in order to buy the spot market up, they can only make BTC. The manipulation process ONLY works to the downside on BitMEX BTC settled futures. Since BitMEX is far and away the most volume, there is no competition for the short manipulators.

    The manipulation cycle works like this:

    1. They shorted futures, then dumped their BTC on the spot market causing their short futures positions to be profitable
    2. They then close some futures and are paid in BTC from the people who took the 'long' side of the contract.
    3. They open more short futures contracts and then dump the BTC they just earned on the spot market Finex, Stamp, Coinbase causing the new short futures contracts to be profitable.

    The amusing part of this is that they are using the LONG traders own BTC to dump on the spot market causing the LONG trader to lose more money on the futures contract they hold.

    submitted by /u/veritasBS
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    Bitcoin price report shows relative drop cycle has now met the same ratio as the last from 2015

    Posted: 07 Dec 2018 11:23 AM PST

    Just posting a short report on the BTC market showing the thirty day drop is so sharp only less than one half percent has exceeded it. That is thirteen days in eight years.

    And the relative drop from high has now exceeded the drop from the last major cycle in in January 2015.

    http://subjectreality.com/index.php/2018/12/07/bitcoin-market-price-drop-like-2015/

    submitted by /u/jon34560
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    Bitcoin trading bot

    Posted: 07 Dec 2018 03:02 PM PST

    A NodeJS trading bot that when BTC reaches to a value you expect or you want to trade with it automatically trade BTC with a stable coin like USDT (a coin which is literally linked with United States dollar ratio one-to-one) means for every USDT coin it equals one United States dollar.

    https://github.com/momenbasel/bitstable

    submitted by /u/momenbasel
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