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    Monday, October 7, 2019

    Crypto Currency Markets Weekly Discussion Megathread - 07/Oct/2019

    Crypto Currency Markets Weekly Discussion Megathread - 07/Oct/2019


    Weekly Discussion Megathread - 07/Oct/2019

    Posted: 07 Oct 2019 10:07 AM PDT

    Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows:


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    • Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions.
    • Breaking news or other important content should be submitted as a separate post.
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    Thank you in advance for your participation. Enjoy!

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    Bitcoin Volume Spikes as Hong Kong Moves Towards First Recession in a Decade

    Posted: 07 Oct 2019 08:03 AM PDT

    Key Takeaways: The SEC says Bitcoin is Not a Security

    Posted: 07 Oct 2019 11:46 AM PDT

    Escalating political tensions in Hong Kong and a potential economic and banking crisis in India has highlighted how fragile cash savings can be.

    Posted: 07 Oct 2019 03:35 AM PDT

    Hong Kong's Bitcoin Spike not Related to Protests, Analyst Concludes

    Posted: 07 Oct 2019 02:38 PM PDT

    My Experience Using A Crypto Trading Bot For 2 Months

    Posted: 07 Oct 2019 01:01 AM PDT

    My Experience Using A Crypto Trading Bot For 2 Months

    Hello, Reddit Traders,

    Bot trading is getting more popular every day, and for me, as a true HODLer, I thought that this type of service was really interesting to try. Yeah, I was pretty certain to get a lot of profit with one single click on the `Launch bot` button and sit back and do nothing.

    I want to share my 2-month experience with a cryptocurrency trading bot service. During this period, I have gone through several stages:

    • Good profit and inspiration
    • Performance stagnation and doubts
    • Deposit burning and negation
    • Recovery and enlightenment

    For this experiment, I have created a new Binance account and deposited 0.4 BTC. I have also obtained a pro package of bot service which allowed me to create and use 15 different trading bots.

    I have chosen 15 crypto pairs to trade according to the backtesting results provided by the platform itself. The bot is using grid strategy and creates buy and sell orders inside the trading corridor. So, the idea is to follow the general rule of crypto trading – buy low, sell high.

    Week 1

    https://i.redd.it/omvcomhqs2r31.png

    I was really excited to see good results right after the 1st week of my test. 5% of profit and 0.42 BTC on balance without any interaction from my side. Wow, that is exactly what I was looking for!

    Week 2

    https://i.redd.it/ck89fa8rs2r31.png

    The first wake-up call. The bot did not bring any additional profit during this week. The reason for that was the falling price of the altcoins traded by the bot. It went down and left the grid trading corridor. The bot bought altcoins and set a lot of sell orders waiting to sell high, but the price has stuck below the grid.

    Week 5

    https://i.redd.it/iymfdnwrs2r31.png

    My bot is losing money. Almost all the pairs in my list are red, the price went down a lot and it keeps falling. So, I am stuck with all these altcoins and sell orders waiting for the market recovery. 'Yes, the market should recover, yes, this is cryptocurrency, yes, this can happen' – I was trying to calm myself.

    Week 8

    https://i.redd.it/80bj2gmss2r31.png

    The altcoin market has recovered, and I see positive income again! I have also made some changes to the grid settings and hope to see better results in my next report.

    What I have learned during these 2 months of the experiment – crypto trading bot is a nice tool to make a lot of trades, but it needs to be monitored and adjusted. Hopefully, now I will be doing everything in a smart way and spend more time analyzing the market. If you want to know more about the performance and changes that I am doing to increase the revenue, check out my blog here: https://tradingbot.info/results/

    Please let me know if you are interested follow along with my future activity or if you have any trading services in mind that I might test in the future! I'll keep engaging right here on Reddit if you're interested.

    submitted by /u/tradingbotinfo
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    Best Bitcoin (BTC) Indicators To Use On Tradingview!

    Posted: 07 Oct 2019 10:47 PM PDT

    Abu Dhabi embraces blockchain to digitally transform land registry

    Posted: 07 Oct 2019 10:25 AM PDT

    4 Recent Government Actions Which Are Bullish for Bitcoin

    Posted: 07 Oct 2019 06:46 AM PDT

    Fundstrat’s Tom Lee says the Visas of the world could be ‘long term winners’ in crypto. The crypto piece of any traditional equity today is really a call option because it's not going to be the source of intrinsic value or the central thesis for any of these companies.

    Posted: 07 Oct 2019 08:08 PM PDT

    The AION Network Ecosystem

    Posted: 07 Oct 2019 06:32 PM PDT

    WFE urges FCA not to ban crypto derivatives and ETN for UK retail investors

    Posted: 07 Oct 2019 02:45 PM PDT

    Smart Contracts platforms

    Posted: 07 Oct 2019 06:28 PM PDT

    Matt Spoke founder of AION Network shares monthly project updates

    Posted: 07 Oct 2019 06:18 PM PDT

    Microsoft, Intel Back Ethereum-Based Token to Reward Consortium Efforts - CoinDesk

    Posted: 07 Oct 2019 05:21 PM PDT

    NBA's Sacramento Kings to Reward Loyal Fans With Crypto Tokens - CoinDesk

    Posted: 07 Oct 2019 08:25 AM PDT

    Bitcoin Price Analysis: BTC/USD New Bearish Channel?

    Posted: 07 Oct 2019 12:46 PM PDT

    CCN Removes Paid Posts From Gold-Focused Crypto Project Karatbars | Crypto Briefing

    Posted: 07 Oct 2019 07:47 AM PDT

    $20M in Tether (USDT) Has Just Been Freshly Minted

    Posted: 07 Oct 2019 08:35 AM PDT

    Bitcoin may be more dependent on US economy than thought

    Posted: 07 Oct 2019 11:55 AM PDT

    DApps Out, DeFi In: Dapp.com Publishes Q3 Report | Crypto Briefing

    Posted: 07 Oct 2019 02:53 PM PDT

    $20M in Tether (USDT) Has Just Been Freshly Minted

    Posted: 07 Oct 2019 08:35 AM PDT

    The Digital Collectable that Donates Cryptocurrency to Wildlife Conservation Charities is LIVE!

    Posted: 07 Oct 2019 09:59 AM PDT

    CRYPTOCURRENCY TRADING | NEO and ONTOLOGY with Oh Hey Matty !

    Posted: 07 Oct 2019 01:38 PM PDT

    You can now create stable liquidity pools on Bancor for any ERC20 token with USDB — a stable token backed by BNT.

    Posted: 07 Oct 2019 04:35 AM PDT

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