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    Bitcoin Daily Discussion, August 27, 2019

    August 27, 2019

    Bitcoin Daily Discussion, August 27, 2019

    Daily Discussion, August 27, 2019

    Posted: 27 Aug 2019 12:00 AM PDT

    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Craig Wright in Rwanda 2018 : Ive got more money than your country. 2019: Ive got more debt than your country.

    Posted: 27 Aug 2019 12:18 AM PDT

    Craig Wright loses Kleiman case—billions in Bitcoin awarded to Kleiman estate

    Posted: 26 Aug 2019 03:23 PM PDT

    Early confidence.

    Posted: 26 Aug 2019 05:30 PM PDT

    Zolango CryptoCommerce

    Posted: 27 Aug 2019 03:28 AM PDT

    It only gets crazier from here

    Posted: 26 Aug 2019 08:25 AM PDT

    In Vietnam BTC Is banned but these honey badgers always find a way

    Posted: 26 Aug 2019 06:03 PM PDT

    Switzerland granted first banking licenses to crypto firms

    Posted: 26 Aug 2019 03:51 AM PDT

    Great debate about Bitcoin as a medium of exchange

    Posted: 26 Aug 2019 07:23 PM PDT

    The Bull market in Bitcoin’s Hashrate looks set to continue

    Posted: 26 Aug 2019 03:28 PM PDT

    Coinsbank - 50€/month inactivity fee

    Posted: 27 Aug 2019 02:40 AM PDT

    So some time ago I created an account at coinsbank.com. Now I learned they charge 50€/month inactivity fee.

    I have no idea when they added this into the T&Cs... Fortunately now I have exactly 0$ in their account but I already received 4 notifications that I was charged 50€ inactivity fee, so 200€ in total. They weren't able to charge me anything because obviously my balance is zero lol.

    What can they realistically do? Can I just ignore them? I don't suppose they would go to court to extort the fee from me... At the same time I feel sorry for the people who hold some crypto or fiat with them.

    submitted by /u/sjuice123
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    Bitcoin price predictions

    Posted: 27 Aug 2019 01:12 AM PDT

    Hi, so my problem is that everyone on YouTube and many of us here are sure that we will go on a massive bull run in next year/few years and that we will reach price of 100k to 300k per BTC. Everyone is drawing TA and making percent calculations of yearly bitcoin growth etc etc

    Sooo is that even possible if 90% of people think same ? Aren't markets always doing opposite of majority? Yes they do.

    Maybe someone that was here from at least 2016 can tell me what this subreddit looked like back then ? People were saying oh we are going to 20k for 100% ? I bet that only few had an idea about where price could be heading and 20k happened out of the blue for the majority.

    submitted by /u/polishjake
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    With 50% BTC To Be Forfeited, Will Craig Wright Stop Playing Satoshi Now

    Posted: 27 Aug 2019 02:21 AM PDT

    Can bitcoin and cryptocurrencies be a protective asset during a recession?

    Posted: 27 Aug 2019 01:59 AM PDT

    Can bitcoin and cryptocurrencies be a protective asset during a recession?

    Cryptocurrency during recession.

    With this material, we continue the series of articles on the correlation of cryptocurrencies. In the first article, we focused on the correlation of Bitcoin with other coins, in the second article, on the relationship between the cryptocurrency and the traditional market. For a more complete understanding of the topic, we will figure out what factors affect the capitalization of cryptocurrencies.

    The inflow of capital to the cryptocurrency market occurs when investors want to ignore all kinds of risks. Otherwise, there is a decline in the market. For many people, this seems like something unrealistic, but the way it really is. This dependence is poorly expressed, but it exists and provides some food for thought when forecasting interest in cryptos.

    Let's try to visualize how investor interest in risk is changing. In the indicator that we show below, we will include the dynamics of changes in the cost of raw materials and gold, the capitalization of the largest stock markets and the level of government bond yield. Using information on mood swings in the market, we will find out how this factor affects the value of "digital gold" (Bitcoin was taken only because it is the main cryptocurrency in the world).

    Below you see the corresponding histogram (study period: August 2017 – February 2018). An increase in indicators means a panic in the market and an escape from risk, a decrease in indicators – increased demand for high-risk assets, which in the long run can bring good income.

    ​

    Investor Sentiment

    For greater clarity, a pivot point and a five-day midline are shown (due to the fact that the histogram is not smooth).

    The received signals are plotted on a bitcoin chart. We see the following:

    ​

    BTC/USD Chart

    We get what we told you above: Bitcoin fluctuations correlate with fluctuations in market sentiment. Another interesting point that for some reason no one pays attention to is that investors consider Bitcoin a protective asset. Let's talk more about this phenomenon.

    A defensive asset is an asset where investors transfer their capital during financial turmoil. The main goal of this action is to protect capital from serious losses and wait out the period of time during which the market falls. Many people know that one of the most protected assets are gold, currencies of financially stable countries (for example, Switzerland or Japan), bonds. Most often, a capital during financial shocks goes there. The cryptocurrency market, in turn, is considered by some to be more risky, but at the same time more profitable, which is undoubtedly important for investors. However, this is a slightly false statement. Bitcoin's behavior is the opposite. If an investor sees a danger to his assets in the form of, for example, a slowdown in the global economy or the prerequisites for a financial crisis, he will transfer his capital to Bitcoin. Cryptocurrency during recession

    In previous articles, we proved that cryptocurrencies have a positive correlation. This tells us that the entire cryptocurrency market will grow with external problems.

    To summarize the above, we note that big capital sees a protective platform in the cryptocurrencies market where it is possible to preserve and even increase its savings during a period of financial instability and it can be probably in cryptocurrency during a recession. The cryptocurrency market is the real antagonist of the modern financial system, so if you see that a serious financial cataclysm is approaching, then this is another reason to think about transferring funds to this area.

    This article is not a recommendation for investment or investment in cryptocurrency, as well as perceived as investment advice. Be careful, because investing in cryptocurrencies is very risky and you need to consult with your financial advisor. Past earnings do not guarantee future earnings.

    Holderlab.io is a fully automated cryptocurrency portfolio management laboratory. Analysis the cryptocurrencies correlation, searching for the optimal cryptocurrency portfolio weights. Uses crypto trading bots and the auto efficient crypto portfolio index.

    submitted by /u/holderlab
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    Now being taught in school!

    Posted: 26 Aug 2019 11:03 PM PDT

    “Inside Coinbase's Executive Turmoil” (Summary: President & COO, Asiff Hirji, & CTO Balaji Srinivasan, clashed on strategy. Conflict went on for a year, ending in Srinivasan’s departure. After CEO Brian Armstrong asserted more oversight over product efforts, Hirji also left.) - [theinformation.com]

    Posted: 26 Aug 2019 06:10 PM PDT

    Report: : Most Mixed Bitcoin Not Used for Illicit Purposes

    Posted: 26 Aug 2019 09:21 PM PDT

    Never forget.

    Posted: 27 Aug 2019 01:54 AM PDT

    Satoshi Freeathlon Day 2, Bodensee 12 km swimming - team satoshi - bitcoin

    Posted: 27 Aug 2019 01:37 AM PDT

    Bitcoin: Safety in Economic Turmoil | BTC Market Dominance 90%

    Posted: 26 Aug 2019 06:57 PM PDT

    Don't worry you'll be trading in the minivan for the lambo soon!

    Posted: 26 Aug 2019 05:27 PM PDT

    Slowly buying up bitcoin in order to controll it

    Posted: 27 Aug 2019 02:14 AM PDT

    Do you think governments/shadow governments (c.q. groups 'above' the law and with an abundance of money and power) have started to accumulated a large part of the proverbial bitcoin pie.

    I've been thinking about this, and it seems to be the only real way governments (or any malicious group) could control bitcoin, at least its price, but not its usage.

    My reasoning has always been: If i can make it up, than they are likely already doing it.

    The current market cap of bitcoin is around 180 billion USD. One entity would only need to buy 10 % to become one of the biggest whales and thereby gain control. 10% at current prices would amount to 18 billion (Buying this in the open market would greatly increase price, but for simplicity).Tf they are to do this, and price would creep up, this would not affect holders that are not selling, but honestly there are few people unwilling to sell for high prices (even is selling mean going back to USD or other FIAT).

    So, my thesis is that many bitcoins are already being bought up in the shadows. What are your thoughts? If you think you can debunk this thesis, please do so!

    submitted by /u/koenklaver
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    How many of y'all are running a node?

    Posted: 27 Aug 2019 01:55 AM PDT

    To be honest, I am a little bit afraid of Bitcoin losing its decentralized feature.

    submitted by /u/nerviosus
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    Monday Art - "Censorship Resistant" 100x100 canvas

    Posted: 26 Aug 2019 02:06 PM PDT

    Bitcoin Realized Market Cap Hits Record $100 Billion Figure

    Posted: 26 Aug 2019 05:08 AM PDT

    Gold Adds $250B in 24 Hours — More Than Entire Bitcoin Market Cap

    Posted: 26 Aug 2019 07:10 AM PDT
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