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    Thursday, September 3, 2020

    [Daily Discussion] Thursday, September 03, 2020 Bitcoin Markets

    [Daily Discussion] Thursday, September 03, 2020 Bitcoin Markets


    [Daily Discussion] Thursday, September 03, 2020

    Posted: 02 Sep 2020 09:04 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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    Interdax’s Summer-themed Trading Competition with $60,000 Prize Pool!

    Posted: 21 Aug 2020 01:29 PM PDT

    Interdax is hosting DaxSummer that starts on Monday August 31st at 12:00 UTC. https://app.interdax.com/app/battles/daxsummer. You can enter even after the trading battle has started.

    How does it work?

    Each participant starts with a minimum initial stack of 0.05 BTC and has one month to trade our bitcoin perpetual contract (BTC-PERP) to generate the highest return on investment. On September 23rd, the top 25 traders with the highest return on investment will win a share of the 5 BTC prize pool.

    The prize pool increases as more traders join the battle. For each additional 100 traders that join DaxSummer, the prize pool for the top 25 increases, up to a maximum of 10 BTC.

    You can see the full prize distribution here

    More information regarding how our trading competitions work - https://help.interdax.com/hc/en-001/articles/360002865358-What-are-Trading-Battles-

    Requirements?

    At least 0.05 BTC is required to take part. It's important to note that there is 0 entry fee and that 0.05 BTC is essentially your trading stack. Once the competition is over, your battle sub-account will be unlocked, transfers will be enabled and you will keep the whole balance as well as winning a potential prize if you end up in the top 25.

    Good luck from the Interdax team!

    submitted by /u/Jamie_Interdax
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    Open-Interest On Binance Exceed More Than $1 Billion In August

    Posted: 03 Sep 2020 08:25 AM PDT

    Binance's crypto futures platform recorded an all-time high open-interest figure of $1 billion last month, as per the Binance August trading report. The crypto exchange behemoth noted that the stratospheric rise in open interest coincided with Bitcoin's price rise to $12,000 during the beginning of August. Also, when BTC attempted to break past the $12,400 mark, which is the current 2020 high, futures open interest hit $1 billion again.

    submitted by /u/ArnitaHayward
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    [Altcoin Discussion] Thursday, September 03, 2020

    Posted: 02 Sep 2020 09:05 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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    Revolut App Allows Australian Users Trade In Cryptocurrencies

    Posted: 03 Sep 2020 02:42 AM PDT

    U.K.-based crypto trading app Revolut has launched its crypto service in Australia, allowing customers to securely buy, hold and sell crypto in real time with the tap of a button. Users can convert their fiat into Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), XRP, and Stellar (XLM). The exchange process easily allows customers to convert Australian Dollars – or 26 other global currencies – into crypto via the app.

    submitted by /u/ArnitaHayward
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    Kazakhstan Will Attract Over $700M Investment For Crypto Mining

    Posted: 02 Sep 2020 11:56 AM PDT

    According to the Digital Development Minister of Kazakhstan, Bagdat Mussin, the country is in negotiations regarding investments in its cryptocurrency mining sector amounting to $714 million. Mussin said that the country has set up thirteen cryptocurrency mining farms and was working on four more to attract more investments. Mussin said that the already established mining centers had attracted a total investment of $190 million. They have completed preliminary agreements on getting another $714 million to bolster cryptocurrency mining in the nation.

    submitted by /u/ArnitaHayward
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    Bitcoin Developer Pieter Wuille Will Continue Too Work With Blockstream

    Posted: 02 Sep 2020 11:13 PM PDT

    Bitcoin Core developer Pieter Wuille has migrated from Blockstream to Chaincode Labs. Wuille has been with Blockstream from the beginning, having co-founded the company in 2014. Blocksteam's CEO Adam Back said: Pieter's doing what he always has — working on Bitcoin — and he's still a Blockstream advisor and continues to collaborate with our research team Andrew Poelstra, Jonas Nick and Tim Ruffing on muSig. MuSig is a new multi-signatures standard for Bitcoin (BTC) that will provide greater efficiency, security, and privacy.

    submitted by /u/ArnitaHayward
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    Bitcoin wallet market to witness huge growth by 2028. Start investing in Bitcoin wallet development!

    Posted: 03 Sep 2020 05:18 AM PDT

    Recently a market survey is conducted, which covers overall in-depth study including an additional study on COVID-19 impacted market situation on Global Bitcoin Wallet Market provides very useful reviews & strategic assessment including the generic market trends, upcoming & innovative technologies, industry drivers, challenges, regulatory policies that propel this Universal market place, and major players profile and strategies.

    According to it, the Bitcoin wallet market is extremely fruitful to invest till 2029, so if you are planning to jump in the bandwagon, this is your time.

    submitted by /u/andreaben33
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    What's the best way you learnt to trade? For those who have made more than 6 dollar figures in BTC, what was the turning point for your trading?

    Posted: 02 Sep 2020 10:06 AM PDT

    Have been a hodler for a while, finally deciding to experiment with trading small amounts that I would be willing to lose. I find it very interesting, did an undergrad in Economics so understanding behavioural choices are appealing to me.

    What helped your trading go from zero to hero? Any eureka moments of where you felt your understanding of the markets levelled up?

    submitted by /u/kergocaslopus
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