Friday, January 31, 2020

Heres What To Watch After Bitcoins Breakout (current BTC/USD price is $9,406.14)

Latest Bitcoin News:

Heres What To Watch After Bitcoins Breakout

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Only 100 Days Left Until Bitcoin Becomes More Scarce (current BTC/USD price is $9,410.59)

Latest Bitcoin News:

Only 100 Days Left Until Bitcoin Becomes More Scarce

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


[Daily Discussion] Saturday, February 01, 2020

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:


[Altcoin Discussion] Saturday, February 01, 2020

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:


How to block spam emails, beyond normal filters

So I’ve had a huge uptick in the number of spam emails getting into my inbox. I seem to get be getting them in clusters, multiple times a day at the same time. They’re all the same 4ish emails sent repeatedly, about keto and bitcoin and viagra. The worst ones are automatically flagging themselves so I have to unflag and then delete them which is just infuriating (my flagged emails are all my event run sheets for work). I’ve tried blocking the emails they come from which I’ve either done wrong or just doesn’t work. But I’m wondering if there’s an alternative way that would.

If it helps, I use outlook but generally tend to do emailing exclusively on my iphone.


7,200... grabe. Manila Water to sell 30% stake to raise funds? PCC to block SMC's HLCM purchase? (Feb1)

Happy February, Barkada --

The PSE closed down 192 (!!) points to 7,200 [▼2.60%].

The market's shookt, but it's not just a Filipino thing as the DOW closed down 600 points overnight. All markets are witnessing a "flight to safety" as money leaves equities (stocks) and enters commodities (like gold, or now... bitcoin) or income-generating assets (like bonds or prefs). In wall-street speak, it's "risk-off."

Special thanks to /u/dgxxiii and /u/BawlSyet for their kind words. Thanks for being readers!

Daily meme

Top 3 MB Indices:

 D30 Targets ▼0.03% Cement ▼1.15% Logistics ▼1.25% 

Bottom 3 MB Indices:

 2019 IPOs ▼6.81% Power Gen. ▼5.82% Fast Food ▼4.14% 

Main stories covered:

  1. Manila Water voluntarily halts on Friday to disclose... backup plan to sell 900-million shares to raise money

  2. PSE bloodbath as the market trades down to 7,200

  3. Department of Finance (DOF) investigating a "new" onerous contract

  4. San Miguel's purchase of Holcim Philippines flagged in PCC review

About Merkado Barkada

Merkado Barkada is a daily email newsletter covering all the stocks, bonds, companies, characters, and issues that make up the Philippine Stock Exchange. I don't make any money from MB, I don't use affiliate links or anything to trick people, and I don't sell email addresses for quick pesos. I simply like researching news and writing about current events in a way that helps my friends, family, and barkada to understand more easily what is happening.

Join our Barkada here

Read today's full email here


A real example I encountered for the first time in my life bitcoin is better than gold because of the corona virus.

I am from the netherlands and my twin brother lives in china to teach english to little children. Most of the time we meet in Thailand during our holiday. This time my brother's coworker came along to Thailand. I talked to my brother about his friend David and my brother told me he invested a lot of his savings in gold. So he has just enough money for this holiday. I asked:" why not Bitcoin". David thinks it is to risky. Now during this 2 week holiday the coronavirus is spreading really fast. David is scared to go home because they will check you and if you just have a little bit of high temperature or cough you will be forced in quarantaine which is logical. But you can not acces the internet and they take your smartphone. My brother and dave are being advised by the school where they teach not to go home. The school is closed anyway because of the virus. The school want them to teach online now. So David now can not acces his own gold. And probably have to borrow money from my brother. Hey wouldn't have to do that if he bought bitcoin. It's smart of him to buy gold but with this particulier event he would be better of with bitcoin.


Options Growth Will Ignite Innovation in the Bitcoin Market – But Not in the Way You Think (current BTC/USD price is $9,382.16)

Latest Bitcoin News:

Options Growth Will Ignite Innovation in the Bitcoin Market – But Not in the Way You Think

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


How to Put Bitcoin in a Portfolio: Ric Edelman (current BTC/USD price is $9,307.06)

Latest Bitcoin News:

How to Put Bitcoin in a Portfolio: Ric Edelman

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Tips for influencers on how to survive to censorship, platform purge and shadow banning

Ivan on Tech talks about what he experiences as a tech content creator of YouTube.

  1. Everyone's consuming on YouTube and Spotify which is where creators need to be in the unending pursuit of eyeballs.
  2. Content creators need to be using the platforms where people are, therefore. “But at the same time, in case something happens, try to get the email, have your own website, have a robust communication channel with the audience from which you can’t get banned. Don’t get too comfortable.” Be ready and have a plan B.
  3. Get support from the creators community and get in touch, in case of an event. In the case of the bitcoin and cryptocurrency purge from youtube in 2019, Ivan on Tech talks about how they got together and made noise about it until YouTube finally admitted it was a mistake. The learning here is basically to network.

source: forbes.com/sites/justinoconnell/2020/01/29/ivan-on-techs-journey-from-0-to-200000-subscribers-in-2-years/#51400f9870ae


Detailed guide to bitcoin taxes in 2020

https://www.cryptotrader.tax/blog/the-traders-guide-to-cryptocurrency-taxes

The Day Advances | Monthly FIRE Portfolio Update - January 2020

The day advanced as if to light some work of mine

Thoreau, Walden

This is my thirty-eighth portfolio update. I complete this update monthly to check my progress against my goal.

Portfolio goal

My objective is to reach a portfolio of $2 180 000 by 1 July 2021. This would produce a real annual income of about $87 000 (in 2020 dollars).

This portfolio objective is based on an expected average real return of 3.99 per cent, or a nominal return of 6.49 per cent.

Portfolio summary

Vanguard Lifestrategy High Growth Fund – $813 282

Vanguard Lifestrategy Growth Fund  – $45 802

Vanguard Lifestrategy Balanced Fund – $83 162

Vanguard Diversified Bonds Fund – $110 472

Vanguard Australian Shares ETF (VAS) – $178 121

Vanguard International Shares ETF (VGS) – $34 965

Betashares Australia 200 ETF (A200) – $272 399

Telstra shares (TLS) – $2 046

Insurance Australia Group shares (IAG) – $8 970

NIB Holdings shares (NHF) – $6 492

Gold ETF (GOLD.ASX)  – $106 701

Secured physical gold – $17 252

Ratesetter (P2P lending) – $14 755

Bitcoin – $153 530

Raiz app (Aggressive portfolio) – $18 365

Spaceship Voyager app (Index portfolio) – $2 534

BrickX (P2P rental real estate) – $4 477

Total portfolio value: $1 873 325 (+$94 067)

Asset allocation

Australian shares – 42.8% (2.2% under)

Global shares – 22.6%

Emerging markets shares – 2.4%

International small companies – 3.1%

Total international shares – 28.1% (1.9% under)

Total shares – 70.9% (4.1% under)

Total property securities – 0.2% (0.2% over)

Australian bonds – 4.5%

International bonds – 9.5%

Total bonds – 14.0% (1.0% under)

Gold – 6.6%

Bitcoin – 8.2%

Gold and alternatives – 14.8% (4.8% over)

Presented visually, below is a high-level view of the current asset allocation of the portfolio.

Comments

This month saw exceptional growth in the portfolio, with a net increase of $94 000 after a small fall last month.

[Chart]

This is the fastest growth in the past half year. It is also the second largest absolute increase in over three years of measurement.

[Chart]

As the histogram below - which counts the frequency of occurrences in a specified range of monthly value changes (with red denoting losses) - makes clear, this is one of the most positive outcomes in the three year record.

[Chart]

The sources of portfolio growth were generally buoyant global and Australian share markets. Just under half of the growth was also due to an increase in the price of both gold securities and Bitcoin. In addition, even bond holdings increased in value over the period.

Distribution payments from the Vanguard retail funds, as well as the exchange-traded funds VAS, VGS and A200 were made through this month.

These totalled around $14 000 and have begun to be gradually fed back into the portfolio. This is a process which will occur through to June - with new investments twice per month. So far this has led to additional purchases in Vanguard's Australian shares exchange-traded fund (VAS) to maintain the target allocation of Australian equities making up 60 per cent of all equity holdings.

The bond allocation of the portfolio continues to be notionally under its target, but has not yet reached a position where further balancing investments are warranted. Fully excluding the value of Bitcoin, for example, it still sits on its target allocation of 15 per cent of the portfolio.

If the same calculation is done for equities, they sit just above their target, at 77 per cent, and have drifted higher since early last year. Over the past months my position has been to take no portfolio balancing actions based purely on the volatile value of Bitcoin over time, and this remains my approach.

There is no perfect answer to this issue - assigning no value to Bitcoin and ignoring it for asset allocation purposes is inconsistent with its role in the portfolio. Pushing either equity or bond allocations sharply out of target boundaries merely due to short-term Bitcoin movements is also not warranted. Taking a backcast 'moving average' approach might be one statistical solution, but I am not yet convinced it would do more than moderate the appearance of the issue.

While expenditure has been higher over the holiday period, on average the gap between the rolling three-year average of distributions and credit card expenditure continues to close, and sits at just over a $300 per month gap at present.

Flags of convenience - estimating hedging in the portfolio

This month, out of a curiosity carried over from my recent review of my bond holdings, I have found the time to review of the overall currency hedging position of the portfolio.

There are some excellent online research papers (pdf) and blog pieces, such as this one from Passive Investing Australia, for those interested in learning more about some of the associated issues.

Currency risks have never previously been an object of much detailed thought on the journey. Rather, I had tracked a basic measure of broader exposure to foreign assets (including foreign equities, property securities, gold and more recently Bitcoin).

The additional issue of whether my exposure to these assets was unhedged (meaning exposure to gains and losses from the relative movement in the Australian dollar and the foreign currencies) or hedged was not really front of mind.

I suppose I had a dim awareness that some elements of the Vanguard retail funds that have until recently dominated the portfolio were hedged (for example, around 30 per cent of the Vanguard High Growth Diversified funds equity position is currency hedged), and judged that there was likely a well-considered rationale behind the amount of this hedging.

The first step to understanding where any exposures exist is to understand and measure the current state of affairs. As of today, this is broadly as set out below:

  • Around a 35 per cent of all portfolio assets are effectively unhedged - This includes Bitcoin, unhedged gold holdings, and unhedged international equities and bonds. All other things being equal, if the Australian dollar falls, the value of this part of the portfolio rises in relative terms.

  • The remaining 65 per cent of assets are either hedged or Australian-held assets - This includes Australian equities, Australian bonds, as well as international equities and bonds hedged back to the Australian dollar.

  • International equities are partially hedged - The portfolio has around $525 000 in international equities currently. Of this, around $140 000 is hedged back into Australian dollars - a hedging position of 27 per cent.

  • International bonds are nearly fully hedged - consistent with their portfolio role and discussed here.

The decision to invest in Vanguard's International Shares ETF (VGS), which is unhedged, is a significant event in this regard.

The chart below shows the overall level of currency hedging in the international equity portfolio. Investments in VGS commenced from July 2019, and have started to affect the level of hedging.

[Chart]

As future contributions flow into VGS - absent any other action - a historically quite stable level of hedging will continue to fall. So far this is just a trend I am monitoring, until I have completed more research and thinking on the best approach in this area.

There are many complicated, and some unknowable, issues to consider and balance in hedging decisions, such as the likely denomination of future costs, and the historical and future relationships between domestic currencies and equity markets. None avail themselves of short or easy answers. Until I have thought my way through them more fully, I remain hesitant to make any definitive decisions.

Progress

Progress against the objective, and the additional measures I have reached is set out below.

Measure Portfolio All Assets

Portfolio Objective – $2 180 000 (or $87 000 pa) 85.2% 115.9%

Credit card purchases – $71 000 pa 103.9% 141.4%

Total expenses – $89 000 pa 83.3% 113.3%

Summary

This month has seen rapid progress, propelling the portfolio closer to both old and new goals. The portfolio gains this month have already closed nearly half of the additional distance created by increasing my portfolio target at the beginning of the year.

The psychological forward push from distributions performance across 2019 (including, pleasingly, seeing it recognised here) has added to this sense of momentum. Additionally, this month I have also crossed the threshold to the target portfolio size needed to achieve 'credit card FI', a long-standing measure I have tracked.

The long summer break that has just ended in some ways seemed like a foretaste of what some versions of financial independence could feel like. With the minimum of planning there was time to read, rest, exercise and write largely as I pleased.

Returning to work following this has been infused with an unusual sense of being a temporary visitor in a new workplace. There is a greater philosophical detachment, in observing its rituals and rhythms, and less of a desire to seek to shape or resist its minutiae. Rather, what I have focused on is seeking to more deliberately make use of the freedoms it does not constrain, and pursue the best and most interesting use of the time that is outside of work hours.

Through these recent strong Australian and US equity markets, this article has been a useful reminder of the 'survivorship' risks of focusing a FI target too narrowly on past performance.

This excellent recent piece from Aussie HIFIRE has also, from another direction, usefully focused on separating out the decisions that do, and do not, materially matter in planning and executing on a passive indexing strategy over the long-term. For a challenging and entirely heterodox view on the potential long-term movement of equity markets upwards from here, this article has been thought-provoking.

Finally, this month I have been discovering the Jolly Swagman podcast, which has long and fascinating interviews with the ex-head of the Reserve Bank of Australia, and Nobel Prize winning US economist Robert Shiller speaking on bubbles and narrative economics.

During the long restful hours of summer break, the day has advanced. Though clouds may come in time, as the year starts - at least - the way forward looks bright.

The post, links and full charts can be seen here.


Bitcoin Startup Casa Names New CEO as Node Service Goes Open-Source (current BTC/USD price is $9,296.10)

Latest Bitcoin News:

Bitcoin Startup Casa Names New CEO as Node Service Goes Open-Source

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


Bitcoin Actually Declines Off of Political Uncertainty, Bombshell Study Finds (current BTC/USD price is $9,275.81)

Latest Bitcoin News:

Bitcoin Actually Declines Off of Political Uncertainty, Bombshell Study Finds

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


HBAR is in accumulation phase. Once the Bitcoin halving, the recession and other events occur, things will get interesting.

Fortune favors the prepared.

YEAH!


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The Week In Payments: China, China, Challenger Banks And Bitcoin (current BTC/USD price is $9,324.73)

Latest Bitcoin News:

The Week In Payments: China, China, Challenger Banks And Bitcoin

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


BITCOIN BASICS: MY VIEW

When I first got into trading Bitcoin, I used to ignore "OGs". It was clear to me (and still is) that they weren't the best traders

However, the longer I stayed focusing on Bitcoin, the more I learned the way it moves and the patterns it makes. You get that "sixth sense" for it

The people that have seen numerous cycles and events, though they may be crap traders, are definitely to be listened to I found over time

When it comes to BTC price predictions also, and things like the effects the halving has, I believe TA gets thrown out of the window

I've now seen a Bitcoin bottom and 2 Bitcoin tops - 3 cycles, and what I believe to be a second bottom forming now. That puts me in good stead for the next time Bitcoin shoots up parabolically

I'm not only talking about the chart, but also sentiment I think too many opinions based on price prediction are centred around TA, when realistically, there will come a time when TA doesn't matter one bit

Personally, I think BTC's movements in the future will be read better by understanding maths, or by listening to people who have ...seen this all before, which is why I put a lot more weight into people’s opinion than someone drawing lines on a chart

The whole "we only have a sample size of 2" argument for the halving is also moot. It's all we have to go off. It's a 10 year old asset And again, it's centred more around maths than price behaviours on a chart, particularly when you consider the landscape of the asset as a whole now, compared to say 2016 or 2012

Nobody really knows what is going to happen, but "OGs" have a better inclination than Twitter and Reddit The same way that Angelo can tell you to buy liquidations below $8,000, is the same way you'll be able to tell when to sell at the top next time, and then when to rebuy after that top is put in and a bottom is formed. That experience is priceless. Living through the trades and going through the emotions is what gives you that knowledge, and why I always say forward testing is better than back testing when it comes to trading.


Are Bitcoin Bulls Finally Giving Up? BTC Shows First Signs of a Big Correction (current BTC/USD price is $9,351.04)

Latest Bitcoin News:

Are Bitcoin Bulls Finally Giving Up? BTC Shows First Signs of a Big Correction

Other Related Bitcoin Topics:

Bitcoin Price | Bitcoin Mining | Blockchain


The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.


7 useful services for a novice cryptotrader

Cryptocurrencies became widely popular in 2017, which prompted developers to create useful services that help newcomers get used to the crypto market and facilitate cryptocurrency trading. Here is a list of 7 useful services for novice crypto traders.

Trade-mate.io

Automated trading service. The service allows you to trade cryptocurrencies on different exchanges via API in one convenient cabinet. Binance, BitMEX and Poloniex exchanges are currently available. The following features are available to users::

  • Smart Trade that supports trailing mechanisms. This function allows you to set trailing take-profits and stop-losses at the same time.
  • Autotrade - this function is used for copying trades of other traders and trading bots.
  • Panic sell button, which is used to quickly close all positions at the current market price.

Trade-Mate.ioallows you to track the dynamics of your cryptocurrency portfolio and displays detailed statistics on it.

Tradingview

The largest service that provides charts for large crypto exchanges and allows you to track the dynamics of cryptocurrency rates on multiple exchanges. TV charts contain a wide range of trading tools and settings for analyzing the crypto market.

On the site you can find a large number of forecasts for the crypto market, Analytics, expert advice, information on technical indicators, and more.

Bitcointalk

The largest forum about bitcoin and cryptocurrencies. It publishes up-to-date information on cryptocurrency services, exchanges, as well as announcements and reviews of recent projects that are released before they appear in the media.

Coindar

The service is a crypto calendar that provides an up-to-date list of events for all liquid cryptocurrencies. The list can be filtered by various parameters and cryptocurrencies. Coindar provides graphs that mark events, which allows you to analyze their impact on cryptocurrency prices.

CoinMarketCap

A service that displays the dynamics of the crypto market. The site provides information about the capitalization, the level of bitcoin dominance, trading volumes on the markets and price changes for different periods.

It is recommended to trade only those coins that are in the CMC list. Other coins are not of interest to traders and it is best to avoid them.

ICOBench

A large service that provides a list of popular ICO projects. The site provides an expert rating of the project and an analysis of its work, which allows you to track new promising cryptocurrencies that will soon enter the market, and buy them at a low price.

Forklog

A popular cryptocurrency news aggregator. The site constantly publishes current news of the cryptosphere, as well as a calendar with events, forecasts and training materials for beginners.


Guide about different Bitcoin & crypto wallets for beginners

https://gocryptowise.com/the-best-bitcoin-and-cryptocurrency-wallets/

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  4. Now use the above-given link again and click on “claim Bitcoin”.
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https://preview.redd.it/h9ykxiusu2e41.jpg?width=1080&format=pjpg&auto=webp&s=07f2fd017bd14f1525199372c3dcab778acb0865



The Beginner’s Guide to Bitcoin Part 9: Altcoins, A History of Failure with Nic Carter — What Bitcoin Did

https://www.whatbitcoindid.com/podcast/the-beginners-guide-to-bitcoin-part-9-altcoins-a-history-of-failure-with-nic-carter

The Beginner’s Guide to Bitcoin Part 9: Altcoins, A History of Failure with Nic Carter

http://whatbitcoindid.com/podcast/the-beginners-guide-to-bitcoin-part-9-altcoins-a-history-of-failure-with-nic-carter