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    [Daily Discussion] - Tuesday, February 02, 2021 Bitcoin Markets

    February 02, 2021

    [Daily Discussion] - Tuesday, February 02, 2021 Bitcoin Markets

    [Daily Discussion] - Tuesday, February 02, 2021

    Posted: 01 Feb 2021 09:00 PM PST

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    submitted by /u/AutoModerator
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    More Mining for China

    Posted: 02 Feb 2021 07:09 AM PST

    Have you heard that 500.com, the Chinese sports lottery firm, decided to turn to crypto and is ready to purchase Bitcoin mining machines for around $8.5 million? Under the agreement the company is supposed to pay a performance bond of $309 per machine, their hashrate is expected to increase by 1,000 petahashes per second.

    submitted by /u/SimpleSwapExchange
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    What happens to GBTC premium and other fund premiums (like qbtc) when an ETF is announced?

    Posted: 01 Feb 2021 04:53 PM PST

    I posted this comment in another sub, but I'd be curious around any discussion in this area:

    I've been trying to piece together what might happen to the premium when an ETF is announced but I'm really not sure what would happen. The announcement of an ETF will absolutely drive price higher, but the announcement won't be made at the same time that the etf becomes available (right?), So it wouldn't make sense to sell gbtc/qbtc until you can buy the etf because you want to remain exposed for the pump (for lack of a better word).

    Another Q, once the etf is available, why would you want to remain in gbtc/qbtc? Welcome any thoughts.

    submitted by /u/marsPlastic
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    Is there a way to capture a stock or crypto value based on a specific date/time cell value in Google Sheets or Excel?

    Posted: 01 Feb 2021 09:40 PM PST

    I am looking to customize a Trading Tracker Google Sheet I am putting together. The goal is to allow users to submit a Google Form with their email, which will in turn capture a Date / Time record in the sheet, which I am hoping to then use to capture the exact price of a stock or cryptocurrency for the exact Date / Time the submission was made.

    I've played around with the "Google Finance" and "Crypto Finance" APIs but haven't been able to pull data for an exact date/time value - just with a standard date for closing prices.

    I've also looked into possibly capturing the value of the current price in another cell as a number value record, but I am not versed enough to do this personally. Any documentation to help learn about ways to capture excel values based on a trigger would be awesome.

    Any advise to help get this working would be greatly appreciated. Thanks!!

    Google Finance - https://support.google.com/a/users/answer/9308730?hl=en
    Cryptofinance - https://cryptofinance.ai/docs/getting-started-with-cryptofinance/

    submitted by /u/dankcoins
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    Bitcoin may not drive the crypto market any longer

    Posted: 01 Feb 2021 11:11 AM PST

    I love Bitcoin. It is the first. It is groundbreaking. It is iconic. But a lot has happened in the cryptoverse since its inception. Ethereum was developed. Ripple was developed. Countless others were developed and the technology continues to improve. We have reached a point, imo, where Bitcoin no longer needs to drive the market, and may not be. Bitcoin could settle into a pattern of remaining between $30-$50k indefinitely, while we see other cryptocurrency reach 10+ (and even 100+) market caps as they are adopted. Perhaps the most important adoptions that we can and will see will be digital currency to match a country's fiat, and adoptions by banks. Bitcoin will not be the tech that is used, not should it be. BTC isn't going anywhere. But we will be seeing the gap get tighter now that the market has so much competition. And it's possible that BTC never needs to reach, say, $500k. It's one of many projects, and one with only so much use outside of a store of wealth.

    submitted by /u/Felixthealpaca
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