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    [Daily Discussion] Wednesday, December 19, 2018 Bitcoin Markets

    December 19, 2018

    [Daily Discussion] Wednesday, December 19, 2018 Bitcoin Markets

    [Daily Discussion] Wednesday, December 19, 2018

    Posted: 18 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.

    Other ways to interact:

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    [Altcoin Discussion] Wednesday, December 19, 2018

    Posted: 18 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:

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    Can someone explain how or why miners would go long on bitcoin by mining bitcoin unprofitably, as an expert says?

    Posted: 18 Dec 2018 08:37 PM PST

    From this article:

    https://www.ccn.com/ico-market-is-dead-crypto-investor-barry-silbert/

    Crypto expert Barry Silbert of the 'Digital Currency Group' is quoted as saying this on CNBC:

    'Miners Are Long-Term Investors' When asked about escalating mining costs, Barry Silbert said bitcoin mining costs are not the proper benchmark with which to value the asset class.

    "Miners are long-term investors," he explained. "The mining businesses that have been created over the past five years have accumulated massive amounts of capital. They have the ability to continue mining at a loss because they're going long."

    The same quote is also repeated in this article: https://www.ccn.com/bitcoin-bear-market-is-scaring-off-institutional-investors-claims-jpmorgan/

    Why would miners mine at a loss? If they wanted to be long on bitcoin, won't it be cheaper to just buy bitcoin on the market?

    Lets get some example numbers. Lets say mining for one week generates $5000 in bitcoin but costs $7000 in electricity.

    If they wanted to go long on btc, why can't they turn off the miner and just purchase $5000 worth of bitcoin on the market and save $2000 ?

    What am I missing?

    submitted by /u/jmillsbo
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    Criteria to choose the best online trading platform

    Posted: 19 Dec 2018 09:13 AM PST

    In finance sphere, an electronic trading platform also known as an online trading platform, which is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. The trading platform can trade in various financial products through a network of communication with a financial intermediary or directly between the participants or participants of the trading platform. Online trading platforms are frequently offered by brokers either for free or at a discount rate in exchange for maintaining a funded account and/or making a specified number of trades per month.

    Criteria for the best online trading sites

    The first thing every trader should care about is cost, I have spent a lot of time balancing price with what each site offered. I have gathered a few of the fees I analyzed, which include:

    1.Cost per transaction:

    Commissions are typically an investor's biggest cost base. In 2016, a typical unassisted transaction fee averaged about $8, but early in 2017 saw a slew of brokers decrease their commission (such as Fidelity, E*Trade). Today, many trade for as low as $4.95, which is provided by only a few brokers, like Ally Invest and OptionsHouse. Regardless of the price, transparency is key. We want to see affordable price structures.

    2.Account limits:

    Watching your wallet shrink due to a difficult market or a bad strategy is not good, but worse, if you also lack the minimum account balance of your broker.

    3.Other charges:

    Other charges for data, research, and tools. All online trading sites have quality market data like real-time quotes, educational resources, and screen tools built right into their platforms. But some, such as Fidelity, TD Ameritrade and Invesity, are also provide top-shelf resources, completely free.

    4.Extra costs:

    There are many brokers who write that financial experts work around the clock to help you make a deal, but they don't write that these services are available at an additional cost. Some platforms offer free training on complex strategies, such as options and futures, but require an updated platform with an annual fees. In addition to the cost, we also appreciated the educational resources, reports and tools and usability of the platform.

    5. Interest on Uninvested Funds

    Although most brokers offer interest on non-invested funds — usually at the money market level — not everyone does. It is easy to overlook when interest investments pay less than 1%, but this will become more important when interest rates rise to a higher level.

    I determined the following platforms to be my top ones:

    Best for Cheap Trading: Ally Invest

    Ally Invest leads the industry in terms of low-cost commissions for all types of investors, from high-income individuals to beginner buy-and-hold traders. Despite the fact that a whole bunch of brokers lowered their commissions in 2017 to be competitive with Ally Invest at a fixed rate of $ 4.95, it retains an advantage with a zero minimum account and an attractive discount for active investors — stock transactions fall to $ 3.95. For users with 30+ transactions, each quarter or a balance of $ 100,000. Although cheaper deals can still be found, Ally Invest's platform and resources are characterized by high-quality research and tools, including access to a network of online traders.

    Best for Beginners: E*Trade

    If you're looking for something with an easy learning curve, but endless of room to grow, we recommend E*Trade. Its learning center is filled with educational videos, articles, and webinars to guide your through the basics. From there, you can stay up to date on investing news, reports, and commentary from their team of market analysts. Branch appointments are free to book, and online chat tools and 24-hour hotline are there to guide you from anywhere in the world. If you're looking to expand your investing over time, E*Trade is equipped to handle everything from entry-level IRAs to aggressive trading of stocks and options.

    The Best Platform for Crypto Trading: Investy

    For beginners it is possible to earn by copying professionals,because it is possible to Follow successful traders and copy their deals without funds transfer. Payment after profit and advanced users can improve their rates of return. Investy is a trading blockchain platform providing its users with advanced functionality for working on cryptoexchanges. In addition, Investy offers users the opportunity to participate in TradeBattle. This is a kind of gamified crypto trading, participating in the battle, through its virtual crypto portfolio. Also they have 0% fees on trades. There's no extra commission fees for trade operations. You can trade without limits.

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