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    Bitcoin Daily Discussion, July 01, 2020

    Bitcoin Daily Discussion, July 01, 2020


    Daily Discussion, July 01, 2020

    Posted: 01 Jul 2020 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.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Bitcoin Lightning Bartender? yes!

    Posted: 01 Jul 2020 01:08 AM PDT

    This made me chuckle

    Posted: 30 Jun 2020 07:58 AM PDT

    Listen to Rich dad.

    Posted: 30 Jun 2020 11:32 PM PDT

    Microsoft Wants to Protect Your Identity With Bitcoin

    Posted: 30 Jun 2020 09:38 PM PDT

    The most secretive Bitcoin wallet just moved nearly $1 billion (for $0.48 in fees)

    Posted: 30 Jun 2020 05:52 AM PDT

    Another day in the office

    Posted: 01 Jul 2020 01:39 AM PDT

    My Breakfast when Bitcoin peaks at $280,000 according to Plan B!

    Posted: 01 Jul 2020 05:18 AM PDT

    A first of its kind Air-gapped offline transaction with BlueWallet and Cobo Vault

    Posted: 01 Jul 2020 03:28 AM PDT

    Bitcoinization of public solicitation (panhandling)

    Posted: 30 Jun 2020 10:26 PM PDT

    Former CFTC Chairman talks World Reserve Currency, Bitcoin, The Dollar & Chinese Yuan - June 30 2020

    Posted: 01 Jul 2020 04:48 AM PDT

    Bitcoin Hierarchical Deterministic wallet in Python

    Posted: 01 Jul 2020 04:46 AM PDT

    When comedians meet bitcoin ����

    Posted: 01 Jul 2020 03:33 AM PDT

    "I'm The Future - Entering The Crypto World" artwork by Moabit

    Posted: 01 Jul 2020 04:38 AM PDT

    Bitcoin Optech Newsletter #104

    Posted: 01 Jul 2020 05:49 AM PDT

    Normies be like:

    Posted: 30 Jun 2020 01:01 PM PDT

    2 years ago I started learning Python just so that I can create my own Bitcoin trading framework. Now I'm open sourcing it, I hope you guys like it too

    Posted: 30 Jun 2020 05:40 AM PDT

    https://github.com/jesse-ai/jesse

    I know many of you are already familiar with other projects such as Gekko and Freqtrade, etc and would like to know why I started Jesse instead of using them. So here are a few reasons:

    • Simple syntax for defining strategies. I have years of experience and a deep understanding of frameworks such as Laravel and Vuejs which are popular for their simplicity. I designed Jesse the same way. So #1 thing that you'll like about Jesse is how easy it makes it for you turn a strategy idea into actual code.
    • Support for using multiple timeframes and symbols in a single strategy. I haven't seen any other project that can offer this without the look-ahead bias. Jesse does that.
    • Trading more than one pair at the same time. Jesse allows doing this. I designed it using Routes, which is a concept borrowed from web development.
    • It is accurate. This part was a real pain. I did it tho. Through hundreds of unit tests.
    • Provides tools for getting and manipulating data in Jupyter notebooks.

    Example Strategy

    Here is an example of a profitable strategy that shows the usage of TA and the syntax of the framework:

    from jesse.strategies import Strategy import jesse.indicators as ta from jesse import utils class SampleTrendFollowing(Strategy): @property def long_ema(self): return ta.ema(self.candles, 50) @property def short_ema(self): return ta.ema(self.candles, 21) @property def atr(self): return ta.atr(self.candles) def should_long(self) -> bool: return self.short_ema > self.long_ema def should_short(self) -> bool: return self.short_ema < self.long_ema def should_cancel(self) -> bool: return True def go_long(self): entry = self.price stop = entry - 3*self.atr qty = utils.risk_to_qty(self.capital, 3, entry, stop) profit_target = entry + 5*self.atr self.buy = qty, entry self.stop_loss = qty, stop self.take_profit = qty, profit_target def go_short(self): entry = self.price stop = entry + 3 * self.atr qty = utils.risk_to_qty(self.capital, 3, entry, stop) profit_target = entry - 5 * self.atr self.sell = qty, entry self.stop_loss = qty, stop self.take_profit = qty, profit_target 

    And here is the backtested results:

     CANDLES | ----------------------+-------------------------- period | 365 days (12.17 months) starting-ending date | 2019-01-01 => 2020-01-01 exchange | symbol | timeframe | strategy | DNA ------------+----------+-------------+----------------------+------- Bitfinex | BTCUSD | 6h | SampleTrendFollowing | Executing simulation... [####################################] 100% Executed backtest simulation in: 22.61 seconds METRICS | ---------------------------------+------------------------------------- Total Closed Trades | 24 Total Net Profit | 3991.39 (39.91%) Starting => Finishing Balance | 10000 => 14063.47 Total Open Trades | 1 Open PL | 97.15 Total Paid Fees | 498.22 Max Drawdown | -15.9% Sharpe Ratio | 1.18 Annual Return | 26.46% Expectancy | 166.31 (1.66%) Avg Win | Avg Loss | 558.76 | 383.12 Ratio Avg Win / Avg Loss | 1.46 Percent Profitable | 58% Longs | Shorts | 67% | 33% Avg Holding Time | 2.0 weeks, 12.0 hours, 53.0 minutes Winning Trades Avg Holding Time | 1.0 week, 4.0 days, 6.0 hours Losing Trades Avg Holding Time | 2.0 weeks, 5.0 days, 2.0 hours 

    Above example was just an example! Please don't compare it to hodling; or you know, do it! It'll be fun.

    This project took me ~2 years. I did it for my own trading needs and I am very happy with the results. Now that I'm releasing it to the public, I hope you guys like it too.

    Cheers

    submitted by /u/Melisanjb
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    Got this from Bank of America, thought it was interesting. "Cryptocurrency is considered a Cash Equivalent"

    Posted: 30 Jun 2020 06:40 AM PDT

    Toward scalable decentralized identifier systems (DID). Microsoft implementing DID on the Bitcoin blockchain.

    Posted: 01 Jul 2020 05:03 AM PDT

    Peter Schiff asks Twitter if Gold`s Price Will Ever Be Above Bitcoin`s in Poll with Unexpected Result

    Posted: 30 Jun 2020 08:31 AM PDT

    HODLing is hard (guy lost 1 BTC)

    Posted: 01 Jul 2020 04:43 AM PDT

    TLDR: Guy lost 1 BTC in gambling and after that he lost 12 ETH, when trying to recover loses.

    This videos is hilarious and so sad at the same time.

    People, please stop gambling and giving your precious bitcoins to casino owners. You cannot win!

    https://www.youtube.com/watch?v=-WkPEuNEUIk

    submitted by /u/dr3ex
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    We've been #stackingsats. The first US batch from a 1000 lb stack of Bitcoin Satellite Kits is now en route. Want to receive bitcoin from space? Get your kit today. ��

    Posted: 30 Jun 2020 05:00 PM PDT

    Bitcoin adoption in Africa is setting all-time highs every week now.

    Posted: 30 Jun 2020 11:11 AM PDT

    Bitcoin fixes this.

    Posted: 30 Jun 2020 07:38 AM PDT

    Mistakes happen

    Posted: 01 Jul 2020 12:10 AM PDT

    So in late 2016I got quite a big amount of money. I was thrilled because I was born an raised in a poor household and handling such amounts of money was scary to me. I wanted to buy everything, not like super cars and houses but like highest end "fairly normal people stuff" like a new car, an apartment and watches. Some friend told me that there was bitcoin and I heard of it but never was interested in it. I was never into tech or anything like that, and I wouldnt wanna invest anything because I was naiv and stupid. A young bloke with couple hundred K.

    If I had invested my money, even half of it, and sold it again in 2017 october november period where bitcoin was going through the roof, I would have enough money to maybe make more wise investments and maybe live a more wealthy life and have more than enough for the rest of my life

    Now, I have my apartment and my car, needed to seel my watch and work in an office job 9-5. I could have settled myself for the rest of my life.

    What i want to say is that educating young teens about money is really important. I dont want to learn how the greeks lived 2000 years ago, I want to know how money can be earned, spent and whatever comes with it. At least in my country it wasnt teached to us..

    As someone once said: You miss 100 % of the shots you dont take" so take the risk, as long as you can.

    submitted by /u/BigOof2208
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    WellThatSucks - Bitcoin core wants to download every block again

    Posted: 01 Jul 2020 03:50 AM PDT

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