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    [Daily Discussion] Monday, December 16, 2019 Bitcoin Markets

    December 16, 2019

    [Daily Discussion] Monday, December 16, 2019 Bitcoin Markets

    [Daily Discussion] Monday, December 16, 2019

    Posted: 15 Dec 2019 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.

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    submitted by /u/AutoModerator
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    [Altcoin Discussion] Monday, December 16, 2019

    Posted: 15 Dec 2019 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:

    submitted by /u/AutoModerator
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    A pyramid based trading strategy

    Posted: 15 Dec 2019 03:02 PM PST

    Subject: A Martingale based trading strategy

    Investopedia: Forex Trading the Martingale Way

    I know these strategies have been around for centuries, but here's a brief rundown on what I'm fleshing out for 2020. This isn't likely what most would call a "pyramid", but it was the easiest to code in python. It's a variation of DCA with a few modifications.

    UPDATE: It's called "Martingale", thx for the tip u/w0lph

    The basic concept is buy the dip and sell the spike, but with weighted bands positioned as a pyramids of limit orders. Once we decide how broad the buy/sell range will be (given 10% in this example), we will position our buys and sells to commit more and more the further into that band we dip. Basically creating a pyramid.

    Something like this

    • 1st-Band at 2% below spot. Buy 0.001 BTC
    • 2nd-Band at 4% below spot. Buy 0.002 BTC
    • 3rd-Band at 6% below spot. Buy 0.003 BTC
    • 4th-Band at 8% below spot. Buy 0.004 BTC
    • 5th-Band at 10% below spot. Buy 0.005 BTC

    Here's a more concrete example

    Example data:

    • Assume BTC/USD price is $7500
    • Assume a holdings of 0.050 BTC at a cost basis of $7600 (bear market)
    • Assume I am doing a weekly DCA of $100 to my portfolio
    • We will structure buys from 0% to 10% below current spot
    • We will structure sells from 0% to 10% above our current cost basis.

    So given the the spot of $7500 and a $100 investment to distribute, our bands will be as follows:

    Buys

    • 1st-Band at $7350. Buy 0.001 BTC
    • 2nd-Band at $7200. Buy 0.002 BTC
    • 3rd-Band at $7050. Buy 0.003 BTC
    • 4th-Band at $6900. Buy 0.004 BTC
    • 5th-Band at $6750. Buy 0.004 BTC

    Sells

    • 1st-Band at $7676. Sell 0.001 BTC
    • 2nd-Band at $7752. Sell 0.002 BTC
    • 3rd-Band at $7828. Sell 0.003 BTC
    • 4th-Band at $7904. Sell 0.004 BTC
    • 5th-Band at $7980. Sell 0.005 BTC
    • 6th-Band at $8056. Sell 0.005 BTC
    • 7th-Band at $8132. Sell 0.006 BTC
    • 8th-Band at $8208. Sell 0.007 BTC
    • 9th-Band at $8284. Sell 0.008 BTC
    • 10th-Band at $8360. Sell 0.009 BTC

    So between $7350 and $7676, nothing happens for the week. If the price swings outside that HODL band, then I'll start buying if it drops or selling if it spikes.

    I have a bit of python to build the bands, but excel could do it as well. Once you determine how many bands you need, then you just redo them ever week. Here are the basic rules to do every week to set this up.

    1. Every week re-evaluate your cost-basis for how much you have invested in BTC
    2. Every week re-evaluate your Sell and Buy bands (I used 10% in the above example)
    3. If you had any "Sells" trigger from the previous week, add that to your DCA investment
    4. Build your "Sell" pyramid based on your current cost basis and current holdings
    5. Build your "Buy" pyramid based on your DCA investment and the current spot price
    6. If our current cost basis is below spot, set our "Sell" pyramid off the current spot price.
    7. Clear all of last weeks limit orders
    8. Add all of this weeks limit orders
    9. Check back next week

    Conclusion

    I actually don't know what this is called, I just stole it from a friend of mine years ago, and I assume he got it from somewhere else as well. You may choose to take profits off the table, in this example I'm reinvesting. Let me know if you think there is some things I should add or other ways to improve the "game". Sorry it's so long. It was a shorter post in my head.

    submitted by /u/brianddk
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    The cryptocurrency you can earn on your phone

    Posted: 16 Dec 2019 09:01 AM PST

    Pi is a new cryptocurrency for and by everyday people that you can "mine" (or earn) from your phone.

    It is a being developed by a group of Stanford graduates. Pi's core team is led by two Stanford PhDs, Dr Nicolas Kokkalis- Head of technology, Dr Chengdiao Fan- Head of product and one Stanford MBA, Vincent McPhillip- Head of community, all of whom helped build Stanford's blockchain community. You can learn more about the developers in "Core Team" page in the main menu of the app as well as in Linkedin.

    Officially more than 1.25 million people have engaged with this project in more than 175 countries. By the end of the year first in app peer to peer transactions will take place.

    Pi Network is available on Android and iOS. Find all the info such as FAQ and Whitepaper in minepi.com and in the main menu of the app.

    Use my invitation code (dimkal) and start mining!

    submitted by /u/Dadr4gon
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    Christmas Trading Challenge – Take part and win iPhone 11!

    Posted: 16 Dec 2019 04:35 AM PST

    #CryptoChristmasChallenge is on! 5x newest mobile devices in each of 3 trading pairs (BTC-PLN, BTC-EUR, BTC-USDT) to win! Trade with CoinCasso and give yourself a Christmas present! 🎅🎁🎄 We're starting at noon!

    https://coincassogroup.com/christmas-trading-challenge-take-part-and-win-the-newest-devices/

    submitted by /u/CoinCasso
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