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    [Daily Discussion] Friday, June 07, 2019 Bitcoin Markets

    June 07, 2019

    [Daily Discussion] Friday, June 07, 2019 Bitcoin Markets

    [Daily Discussion] Friday, June 07, 2019

    Posted: 06 Jun 2019 09:06 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] Friday, June 07, 2019

    Posted: 06 Jun 2019 09:06 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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    [Poloniex] BTC Margin Lending Pool Losses

    Posted: 06 Jun 2019 12:10 PM PDT

    I don't know what's going on exactly but it seems that Poloniex just took 16% of everyone's lending funds, because of a flash crash of some random shitcoin (CLAM) I haven't even heard of before.

    Here is the message I got:

    Dear Poloniex Customer,

    On May 26, a sudden and severe price crash in the Poloniex CLAM market caused a number of margin loans to default, resulting in a roughly 1800 BTC generalized loss across the Poloniex BTC margin lending pool. We are writing because you have been impacted by this loss.

    All BTC loans on Poloniex are lent in a common pool that is shared across all markets and borrowers. Today, we recognized the generalized loss across lenders in the BTC margin lending pool. As a result, the principal of all active BTC loans as of 14:00 UTC today has been reduced by 16.202%. As a lender in the pool, you will see the reduction in your account when you next log in.

    We're actively pursuing the defaulted borrowers for repayment of the BTC they owe to the lending pool. As we recover funds, we will return them to affected lenders. We're also exploring other ways to help defray your losses. As this work proceeds, we will provide regular updates.

    To learn more about this event, please refer to this blog post.

    If you have specific questions about your account please contact our customer support team at support@poloniex.freshdesk.com.

    Sincerely,

    The Poloniex Team

    I knew there were risks in lending but this is ridiculous, how can a flash crash of a shitcoin whose current marketcap is 2,573 BTC (it was around 7,500 BTC at the time of the crash) cause 1,800 BTC of losses... And how come I only hear of this now almost two weeks after it happened.

    WTF am I supposed to do other than just hope that Poloniex somehow returns my money.

    I apologize if this isn't the right subreddit but I think others should know about this.

    submitted by /u/Taubi
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    Deribit options

    Posted: 07 Jun 2019 09:51 AM PDT

    I'm looking to trade Bitcoin options and was thinking of trading on Deribit as there are claims that Deribit options are more efficient (i.e. cheaper) and more liquid than Bitmex.

    ​

    There are a couple of threads on here suggesting to avoid but they're pretty old now so wondering if opinion has changed?

    submitted by /u/feelslikeimdreaming
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    Crypto/Bitcoin Student Research at Georgia Tech, Need Your Help!

    Posted: 06 Jun 2019 12:07 PM PDT

    Hey r/BitcoinMarkets!

    I'm a student at the Georgia Institute of Technology doing research on investor behavior in crypto. I'd greatly appreciate if you could take 5 minutes of your time to fill out this typeform survey

    ​

    Thanks!

    submitted by /u/heist95
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    Bitcoin Market Analysis: June Price Action [Trading]

    Posted: 06 Jun 2019 12:18 PM PDT

    Hi all,

    ​

    Check out this analysis that we've put together regarding the next month of BTC price action. Do you agree with the analysis and key levels that are detailed?

    ​

    https://www.thedailychain.com/blog/bitcoin-market-analysis-june-price-action/

    submitted by /u/TheSedatedSlothe
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