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    Thursday, May 30, 2019

    [Daily Discussion] Thursday, May 30, 2019 Bitcoin Markets

    [Daily Discussion] Thursday, May 30, 2019 Bitcoin Markets


    [Daily Discussion] Thursday, May 30, 2019

    Posted: 29 May 2019 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.

    Other ways to interact:

    submitted by /u/AutoModerator
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    [Altcoin Discussion] Thursday, May 30, 2019

    Posted: 29 May 2019 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.

    Other ways to interact:

    submitted by /u/AutoModerator
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    If cryptocurrency is really commodities

    Posted: 30 May 2019 02:54 AM PDT

    The commodity market is the base of the world trading system. A commodity exchange is an exchange where various commodities are sold. Commodities include agricultural products, raw materials and products which are used as "building blocks" for more complex goods or for services.

    The main feature which makes commodities different from other products is that they can be interchangeable with other materials of the same type. That's why commodities are mined, produced and traded a lot to maintain the global commodity market.

    Commodities can generally be divided into 4 main categories:

    - Agricultural which includes food or industrial crops

    - Energy: oil, gas products, electricity

    - Metals: gold, diamonds, silver, iron, nickel and etc.

    - Environmental: carbon emissions, renewable energy

    The largest commodity markets:

    1. Chicago Mercantile Exchange (since 1898)

    2. Chicago Board of Trade

    3. New York Mercantile Exchange

    4. Intercontinental Exchange

    5. London Metals Exchange

    6. Australian Securities Exchange

    7. Tokyo Commodity Exchange

    The main factors that drives the prices:

    1. Demand

    2. Supply

    3. US dollar

    4. Substitution

    5. Weather (really plays an important role in the commodity prices, e.g. because of natural disasters)

    Now let's clear up if cryptocurrency is really commodities.

    Cryptocurrencies are a unique sort of asset and cannot be easily called a currency as the main feature of a currency is a regulation by a government and centralization. That's why it's better to refer cryptocurrency to a real-world commodities, like gold or diamonds, as they are also mined, and its price is determined by market factors.

    submitted by /u/JoeReviewer
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    [Free] Beta for 24/7 Make-Take Arbitrage Between Two Exchanges

    Posted: 30 May 2019 05:45 AM PDT

    Hi Traders,

    I usually keep my coins on the exchange so I can quickly trade when I want to. While they're sitting there, I thought I might as well make some money through Arbitrage, so I created coinarbitrage.io.

    It's a simple make-take arbitrage service that runs directly from your own exchange account, so you always keep custody of your funds. Market-make on exchange A, then take on exchange B when your order gets filled. It runs 24/7 from servers nearby the exchanges.

    It's easy to get started, and free during the beta.

    • Add your API keys
    • Choose your market
    • Prepare your balances
    • Click Start

    No need to install anything on your desktop, or manually calculate stuff!

    Please let me know what you think! Thank you.

    coinarbitrage.io

    submitted by /u/deeppotato
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