Topic: nrd525 Market Tracker - page 23. (Read 83111 times)
In 2014, we had a month of stability at around $900. That is pretty long. By contrast this time we had 13 days of stability at around 11k.
TheQuin - I think we've grown used to bear markets and flash crashes, so we're slightly better at seeing the big picture.
Also I think we have fewer flash crashes. In 2013-2015, the exchanges would be overwhelmed with orders, often stop working, and you'd have these crashes down to as low as $100 (or even $1). Currently we've been slowly grinding down and then having faster bounces. Like the current low of $5900-$6000.
Korea premium is around 0%.
CFTC hearings are very positive. Chairman is not an advocate for increased regulation.
Also I think we have fewer flash crashes. In 2013-2015, the exchanges would be overwhelmed with orders, often stop working, and you'd have these crashes down to as low as $100 (or even $1). Currently we've been slowly grinding down and then having faster bounces. Like the current low of $5900-$6000.
Korea premium is around 0%.
CFTC hearings are very positive. Chairman is not an advocate for increased regulation.
Oops. I didn't expect it to bounce so well. Shorts doing badly! Though I guess we were overdue for a good bounce. Still might be heading to 2k-3k. But it is a bit surprising how fast we're falling.
So I'm shorting XRP, LTC, BTG, BCH, ETH, EOS, XMR, IOTA, and OMG on bitfinex. Unfortunately only a total of 9k. Up a lot (10% to 39%), but lost far more on my 5 remaining BTC.
Bitcoin dominance is at 36%. It should hit at least 40% if not 45% - as we continue to bear down.
Bitcoin dominance is at 36%. It should hit at least 40% if not 45% - as we continue to bear down.
I wouldn't short so close to a local bottom, especially not XMR and LTC. Be careful...
This crash is a lot faster than 2014. It's probably a lot easier to short.
You set me thinking with that as my recollection was that it seemed much more violent in 2014. So I had a look back at the charts (yahoo handily now has a full history).
Have a look at the comparison.
2014
2018
I think what I was remembering was the initial sell-off for a couple of days immediately after the high was in. That's a much deeper pull-back than this time. Although what we see happening now is remarkably similar. The sell-off only lasted 3 days last time and now has been going for 5.
This crash is a lot faster than 2014. It's probably a lot easier to short.
Shorting 17.5k worth of alts.
So I'm shorting XRP, LTC, BTG, BCH, ETH, EOS, XMR, IOTA, and OMG on bitfinex. Unfortunately only a total of 9k. Up a lot (10% to 39%), but lost far more on my 5 remaining BTC.
Bitcoin dominance is at 36%. It should hit at least 40% if not 45% - as we continue to bear down.
Bitcoin dominance is at 36%. It should hit at least 40% if not 45% - as we continue to bear down.
$6700 and falling. Wow. This is happening a bit faster than I thought. My BTC is still locked up being lent for another day. Hmm, if I sell BTC short and use FIFO - can I use the long term capital gains rate (eg. is it essentially selling BTC I bought in 2014/2015?).
It's falling so fast, Korea is back to having a 8% premium (over BFX, 11% over GDAX).
I'm going on a trip for a couple weeks soon. I hope we don't bottom out then because I am unlikely to have consistent internet. I'd rather not place some blind bids.
This YouTube video with former Bitcoin maximalist Richard Heart is interesting. He's gone over to the dark side! He's even launching an ICO.
https://www.youtube.com/watch?v=w8_1JFE_9dI
I'm thinking bitcoin will fall to 3k. I'm shorting more alt-coins.
It's falling so fast, Korea is back to having a 8% premium (over BFX, 11% over GDAX).
I'm going on a trip for a couple weeks soon. I hope we don't bottom out then because I am unlikely to have consistent internet. I'd rather not place some blind bids.
This YouTube video with former Bitcoin maximalist Richard Heart is interesting. He's gone over to the dark side! He's even launching an ICO.
https://www.youtube.com/watch?v=w8_1JFE_9dI
I'm thinking bitcoin will fall to 3k. I'm shorting more alt-coins.
We tested 7.8-7.9k again (and BFX set a new recent low).
I'm starting to short a variety of alt-coins. So far a small amount of XRP, Bitcoin Cash, Bitcoin Gold, and LTC. Currently vs the USD, so if my short position goes bad - I'll more than make up for it with my BTC holdings (unless they pump 10x). I might sell some more BTC too.
I'm starting to short a variety of alt-coins. So far a small amount of XRP, Bitcoin Cash, Bitcoin Gold, and LTC. Currently vs the USD, so if my short position goes bad - I'll more than make up for it with my BTC holdings (unless they pump 10x). I might sell some more BTC too.
Does anyone do fundamentals analysis of bitcoin and/or other cryptos on YouTube?
Ideally rational people who don't think bitcoin will replace fiat.
Ideally rational people who don't think bitcoin will replace fiat.
https://www.youtube.com/watch?v=-C4zLSlBaMs
Some interesting points imho.
He loves crypto currency and Elliot Waves. Also he is on Steemit (a well disguised pyramid scheme). "We're going to have one of the most bullish markets in the world". Invests in wacky altcoins. Thinks that bitcoin is falling due to FUD - not because it went up unsustainably by 10x in a year. Hmm... Smart guy, but he bought the hype.
This seems like huge news for Ripple, until you read the punchline. It doesn't use the XRP token!
https://www.coindesk.com/santander-uk-ripple-payment-app/
https://www.coindesk.com/santander-uk-ripple-payment-app/
Does anyone do fundamentals analysis of bitcoin and/or other cryptos on YouTube?
Ideally rational people who don't think bitcoin will replace fiat.
Ideally rational people who don't think bitcoin will replace fiat.
https://www.youtube.com/watch?v=-C4zLSlBaMs
Some interesting points imho.
Does anyone do fundamentals analysis of bitcoin and/or other cryptos on YouTube?
Ideally rational people who don't think bitcoin will replace fiat.
Ideally rational people who don't think bitcoin will replace fiat.
Sold half my ETH (eg. 0.7 ETH) at $870.
Sold the other half at $900.
Sold the other half at $900.
I sold the bottom =)
I've been watching far too much "technical analysis". They may have called the dip to $7500, but the lack of fundamental analysis means they are missing the bigger story and are unable to advise on whether we'll dip/bear market to $5000, $3000, or even $1000-$1300.
It's pretty simple. We had this massive run-up the past 15 months. We have only fallen to the level of late November. We could easily fall to September ($5000) or several months before.
Search trends are down. Lightning Network is unproven (and doesn't fix much if people don't want to do transactions in a violatile asset and calculate their capital gains every time they do a transaction).
ICO bubble is still on. Are there any good websites that track the total market cap of ICOs? I found one announcing new ICOs, but they had 10+/day - probably a lot of minor ones that are insignificant.
Altcoin bubble is still on.
It's going to be challenging to burst these two bubbles as there is relatively little shorting of altcoins and none for ICOs. Also a lot of the new people who go in during the past six months will still have made money even if their ICOs or alticoins fall 70%.
Korea is 6% below GDAX/BFX (who are tied).
...
Also looks like BTC rates are spiking on Poloniex to 0.35%+/day.
Also looks like BTC rates are spiking on Poloniex to 0.35%+/day.
I intend to start using Poloniex again (even though the rates are already back to lower levels).
I don´t know if you have read it already, but apparently they are being bought
by Circle:
https://modernconsensus.com/2018/02/02/circle-set-acquire-poloniex/
Circle has raised nearly 200M $ in venture capital and is well connected
to the relevant regulatory entities (e.g. they were the very first company
to get one of the BitLicenses from NY back in the day).
Tempted to move money back to GDAX, to try and arbitrage the BFX/GDAX difference. Currently the premium is down to 0.25% - and it's been spiking to 2-4%.
Also looks like BTC rates are spiking on Poloniex to 0.35%+/day.
Also looks like BTC rates are spiking on Poloniex to 0.35%+/day.
Sold half my ETH (eg. 0.7 ETH) at $870.
Sold the other half at $900.
Sold the other half at $900.
You can short Ripple on BFX for 0.04% APR (plus the much larger trading fees). Someone is actually trying to lend out 4 million XRP at 0.0001%/day (1/36th of the FRR rate). And I already had a low opinion of XRP investors 
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