[Daily Discussion] - Thursday, January 28, 2021 Bitcoin Markets |
- [Daily Discussion] - Thursday, January 28, 2021
- The Bank of Singapore considers Bitcoin to be a possible digital gold
- Will Gamestop/AMC Robinhooders Flock to Bitcoin?
- New to investing? Sign up for Wealthsimple with my referral code to get $10!
- The GME case for NANO
- Node js Programmer looking for algorith
- Short Selling Bitcoin Futures at x50 leverage? How to protect temporary up?
- Localbitcoins available trades - are they scamming?
| [Daily Discussion] - Thursday, January 28, 2021 Posted: 27 Jan 2021 09:00 PM PST Thread topics include, but are not limited to:
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| The Bank of Singapore considers Bitcoin to be a possible digital gold Posted: 28 Jan 2021 04:37 AM PST Mansoor Mohi-uddin, chief executive of the Bank of Singapore, notices in his research note that investors' interest in having BTC as a part of their portfolio is increasing. However, Bitcoin is a highly volatile asset, and at the time of economic crisis such assets are first to be dumped. On the other hand, Bitcoin performed better than gold and the Dow Jones stock market. The CEO of the Bank of Singapore believes that such a powerful performance makes investors see it as a new digital gold. [link] [comments]  |
| Will Gamestop/AMC Robinhooders Flock to Bitcoin? Posted: 27 Jan 2021 05:39 PM PST Crypto has been pretty quiet lately, especially in comparison to the recent Reddit r/WallStreetBets and Robinhood spectacle of putting short squeezes on hedge funds who have received humongous cash bailouts and have exorbitant short positions on stocks. Though it seems like the situation has gotten under "control" by regulators and trading platforms suspending trading of certain stocks, it's becoming extremely apparent that the very establishment and rigged system of hedge funds manipulating markets to make a profit off retail traders, overleveraging to further manipulate markets, and then get bailed out by billions (or trillions) when things don't go their way is the same impetus for which Bitcoin was created. But what the Reddit and Robinhood communities haven't really understood yet is that they're playing a rigged game in a system that they are designed to have a disadvantage in. This is precisely the reason Bitcoin was created in 2008 following central banks failing and being bailed out to continue their errant ways; to create an entirely new system that is not controlled, governed, regulated, or supplied by central banks, federal reserves, or governments. I think once the Gamestop and AMC hysteria dies down, we may see a herd of disenfranchised retail stock traders who have recently had a taste of financial ability see the light that crypto has to offer and see how participating in crypto, e.g. buying Bitcoin, is trading fiat of a broken system and using it to buy into an entirely new system that is autonomous, trustless, decentralized, fungible, immutable, and cannot be shut down or suspended. Once that happens, and I think it's "when" not "if," that should provide another new wave of buyers as Bitcoin continues to grow and gain market penetration among billions of bankless, underbanked, or otherwise taken advantage of in financial markets. This is an excerpt from my Bitcoin daily analysis but I feel like this is a very feasible scenario and possible catalyst for another wave of retail onboarding that could decisively terminate this current short-term correction. [link] [comments]  |
| New to investing? Sign up for Wealthsimple with my referral code to get $10! Posted: 28 Jan 2021 10:36 AM PST You have 30 days to add a referral code after you created a WS account. Click the gift icon on the top right and add my code: SA5MAQ We'll both get $10 after you deposit $100. Wealthsimple Trade is a $0 commission stock trading app – sign up now and get a bonus $10 to trade. https://my.wealthsimple.com/app/public/trade-referral-signup?code=SA5MAQ [link] [comments]  |
| Posted: 28 Jan 2021 09:07 AM PST |
| Node js Programmer looking for algorith Posted: 27 Jan 2021 06:19 PM PST My name is André and i'm a programmer from Portugal. I started recently trading btc and achieved a 10% return in the last 5 days just from intuiton. So since i have programming skills i can use them to create a trading bot. My goal is to create a trading bot to profit small in a large number of trades, however i dont know nothing about trading strategies. So i'm looking for someone with a trading strategy that i will parse to code. I'm willing to programmer it for free and share it with someone who is willing to share their trading strategy. We can do a win win situation Contact me. Thank you [link] [comments]  |
| Short Selling Bitcoin Futures at x50 leverage? How to protect temporary up? Posted: 27 Jan 2021 09:31 PM PST Short leveraged Crypto ? crypto is about to hit all time high I have 10 000 USD let's say I short 1000 USD futures leverage x50 at 100 000 usd per bitcoin, this means only 2% move and I am out :( which can happen in minutes how to protect from this? is there a way just to pay premiums and wait till crypto crashes? or the only way is to buy long futures hedge then somehow guess when to sell it? or do I just let it margin called, lose short, and sell short again at new high? or I have to reduce my risk to 1:10 thus 10% price increase is more reasonable? but what if I am a greedy pig just like Ackman? :) Then there is what Bill Ackman did in March 2020. In the space of three weeks, as the Covid-19 pandemic was engulfing the globe, Ackman turned a $27 million premium paid to buy credit default swaps into a profit of $2.6 billion. He then reinvested a chunk of that windfall in the long positions he wanted to protect by buying the insurance in the first place. In the ensuing dramatic stock market recovery, Ackman made another $1 billion. [link] [comments]  |
| Localbitcoins available trades - are they scamming? Posted: 27 Jan 2021 12:37 PM PST I was looking at localbitcoins and was surprised to see a few buy offers in my country for 5% over market value appear every day for a week or two. I decided to test it with a small amount, so I signed up and transferred some bitcoin into my localbitcoins wallet. Lo & behold: as soon as the funds were there to make a trade, the high-value offers disappeared. Is this some type of slimy catfishing Localbitcoins does on purpose, or is there something else going on? Now since this morning the price is behaving in a much more plausible way - lagging behind the local bitcoin market value just a little, but mostly boringly in-line. [link] [comments]  |
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