Thursday, May 21, 2020

The Third Round of Hotbit’s Voting For Listing Event: DGB vs BIP

Dear Respected Hotbit Users,

Hotbit has updated its third round of voting for listing event into a new level. The third round of voting for listing event will be arranged as a one on one competition. The shortlisted projects for the third round of Hotbit’s voting for listing event will be DGB (DigiByte) and BIP (Minter Network). The voting event will be launched at 16:00, May 27th, 2020 (UTC+8).

Event Duration: 16:00, May 27th, 2020 - 16:00, May 29th, 2020 (UTC+8)

https://preview.redd.it/7p15urkrb9051.png?width=700&format=png&auto=webp&s=88be4a881c88f644f470e6220c392acfeb2ad41e

【DGB】

Project Introduction

DigiByte is known as a global decentralized payment network and cryptocurrency project. Enlightened by Bitcoin, DigiByte supports rapid transactions with very low or even no transaction fees, no requirement for login, registration, and no hidden costs.

The users can receive or send DigiBytes tokens from or to any DigiByte address around the world within few seconds. DigiByte adopts P2P technology with no centralized governance organization. The issuance of DigiBytes are conducted through collective trading on the network. DigiByte is also open source, the design of DigiByte involves the participation of the public, no one owns or controls DigiByte, everyone is welcome to participate in.

Token Information:

Total Supply:21,000,000,000 DGB

Circulation Amount:12,085,505,269 DGB

Whitepaper:https://digibyte.io/docs/infopaper.pdf

Official Website:https://digibyte.io/zh/

【BIP】

Project Introduction

Minter blockchain lets people, projects, and companies create and manage their own coins and exchange them at a fair price with absolute and instant liquidity.

The native token of Minter Network is BIP, of which the purpose is to cater for the real demand of the market, which includes the rapid transfers among mobile users with low (or even no) transaction fees

Token Information:

Circulation Amount: 2,221,983,868 BIP

Whitepaper:https://about.minter.network/Minter_White_Paper.pdf?v04

 Official Website :https://www.minter.network/

Rules and Regulations Regarding

  1. This round of voting for listing event requires users to vote with HTB or BTC. 50 HTB=1 Vote, or 100 HTB worth of BTC=1 Vote. .(The exchange price is determined by the average price of HTB/BTC on Hotbit by the day the event is launched).
  2. By participating in the voting event, all voters may share the available rewards based on the proportion of the number of their votes compared with the total number of all votes from all voters. In case that DGB wins, all voters will share 100,000 DGB as rewards. In case that BIP wins, all voters will share 500,000 BIP as rewards. (in case that the amount of tokens shared by any user is negligible, the award will not be distributed).
  3. The first 1,000 users who participate in the voting for listing event will share 1,000 USDT worth of official rewards.
  4. The 3rd, 13th, 23rd, 33rd, 43rd, 53rd, 63rd, 73rd, 83rd and 93rd user who participate in the event may receive 20 USDT airdrop rewards.
  5. The final result of the event will be determined by the number of votes each project receives.
  6. The winner of the event will enjoy the qualification of listing their project on Hotbit for free (All ERC20,EOS,TOMO,NEO,XML,BEP2,TRX based projects will be listed within one week, the listing schedule of other mainnet tokens will be determined by the status of mainnet integration).
  7. The project that failed in the event may either choose to enter the next round of voting for listing event or enjoy the listing of their project on Hotbit with 20% discount.
  8. All locked up BTC and HTB for the purpose of the event will be returned to all relevant users’ accounts within five business days after the event terminates (During the lockup period, all users with their BTC locked up will enjoy a 2.21% of current deposit interest, which will be returned along with all other locked up tokens after the event terminates).

Thank you for your support on Hotbit!

Hotbit Team

May 20th, 2020


Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors (current BTC/USD price is $9,025.90)

Latest Bitcoin News:

Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors

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.


[Daily Discussion] Friday, May 22, 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] Friday, May 22, 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:


For Trading May 22nd

BA & TRV Help a Weak DJIA

10 of 11 S&P Sectors Lower

Today’s market was weaker than it looked with 24 of the 30 DJIA stocks lower and 10 of 11 S&P sectors following suit. The indexes were a split with the DJIA -101.78 (.41%), held up by BA and TRV, while NASDAQ was -90.90 (.97%), S&P-500 -23.10 (.78%). The Russell was -.63 and the Transports were -36 (.43%). Market internals were even on the NYSE while NASDAQ was 3:2 lower and volume was lighter. Tomorrow ought to be a somewhat quiet afternoon ahead of the 3-day weekend, but with everyone already at home or in vacation homes, who knows, might even be busier since no one has to beat the traffic.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/5Kfl5YgxOL4

SECTORS: The news was negative from the start with the “Tweeter-in-chief” ramping up his anti-China, reelection-based rhetoric and followed by some pretty unpleasant numbers on initial filings for unemployment (2,438,000 v. 2.4million expected) and this week’s “continuing claims” of 25,073,000. After that we had “existing” home sales -17.8% to an annual run-rate of 4.3 million units. That was the lowest number since July 2010. Next came the earnings for TJX, not terrible and looking forward to re-opening and the massive amount of unsold inventory coming their way. The stock finished $54.30 +3.45 (6.8%) and up from $42.52 earlier this month. BJs Wholesale (BJ) blew away the numbers and was rewarded with a $6.28 (22%) move up. BestBuy (BBUY) beat but fell 3.56 (4.4%). After the close we had Palo Alto Networks crushed their numbers and the stock, already up from $125.47 in early March closed $229.50 -4.98 (2.12% and traded up to $247.81 and finished the evening session $245.51 +16.01 (7%). Nvidia (NVDA) was the surprise of the afternoon beating both EPS and revenues but after trading +7 and -7 finished $349.50 -2.00.

FOOD SUPPLY: was LOWER with TSN -.70, BGS -.20, FLO -.05, CAG -.45, MDLZ -.47, KHC -.57, CALM +.13, JJSF -3.03, SAFM -1.10, LANC -2.18, GO -.26, and PBJ $30.56 +.39 (1.24%).

BIOPHARMA was LOWER with BIIB -4.64, ABBV +1.81, REGN -15.91, ISRG -6.36, GILD -.44, MYL -.35, TEVA +.06, VRTX +.38, BHC -.03, INCY +.36, ICPT -.35, LABU -.79 and IBB $132.03 -1.88 (1.40%).

CANNABIS: This group was HIGHER with TLRY +2.30 (28.57%), CGC +1.64, CRON +1.01, GWPH +.34, ACB +4.26 (33.41%), PYX +.18, NBEV +.06, CURLF +.19, KERN -.07 and MJ $13.80 +1.10 (8.66%).

DEFENSE: was HIGHER with LMT +6.38, GD +2.01, TXT +.14, NOC +5.70, BWXT +.15, TDY +6.22, RTX +2.30, and ITA $153.34 +3.27 (2.18%).

RETAIL was HIGHER with M +.36, JWN +1.06, KSS +1.30, DDS +1.29, WMT -.08, TGT -.63, TJX +3.74, RL +3.22, UAA +.54, LULU +10.50, TPR +.98, CPRI +1.08, and XRT $39.02 +.78 (2.04%).

FAANG and Big Cap: were LOWER with GOOGL -2.53, AMZN -46.14, AAPL -1.23, FB +3.22, NFLX -10.92, NVDA -9.78, TSLA 9.94, BABA -3.39, BIDU +2.58, CMG -1.04, CAT -1.49, BA +6.80, DIS -1.73 and XLK $96.14 -1.36 (1.39%).

FINANCIALS were LOWER with GS -1.24, JPM -.93, BAC +.11, MS -.61, C -.25, PNC -.98, AIG +.86, TRV +2.88, AXP -.36, V -2.36 and XLF $22.00 -.07 (.32%).

OIL, $33.92 + .43. Oil was higher today with the close mid-range. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. On today’s rally we bought the USU 6/5 25 puts @ $ .91 and they closed $1.01. The stocks on my list were mostly lower with XLE $38.72 -.63 (1.6%).

METALS, GOLD: $1,721.90 -30.20. After trying to break to new highs Gold failed to follow-thru and opened slightly lower and fell all the way back to trade $1,715. There is good support from here to $1,685 and I’d expect a renewed move higher.

BITCOIN: closed $9,075 - 495. After breaking down from just over 10,000 and trading 8,220 we started back up and traded all the way back, it failed to make a new recovery high. We broke all the way back to trade 8815 today but managed a move to close just over $9000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $1110.58 -.64 today.

Tomorrow is another day.

CAM



For Trading May 22nd

BA & TRV Help a Weak DJIA

10 of 11 S&P Sectors Lower

Today’s market was weaker than it looked with 24 of the 30 DJIA stocks lower and 10 of 11 S&P sectors following suit. The indexes were a split with the DJIA -101.78 (.41%), held up by BA and TRV, while NASDAQ was -90.90 (.97%), S&P-500 -23.10 (.78%). The Russell was -.63 and the Transports were -36 (.43%). Market internals were even on the NYSE while NASDAQ was 3:2 lower and volume was lighter. Tomorrow ought to be a somewhat quiet afternoon ahead of the 3-day weekend, but with everyone already at home or in vacation homes, who knows, might even be busier since no one has to beat the traffic.

Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!

Tonight’s closing comment video https://youtu.be/5Kfl5YgxOL4

SECTORS: The news was negative from the start with the “Tweeter-in-chief” ramping up his anti-China, reelection-based rhetoric and followed by some pretty unpleasant numbers on initial filings for unemployment (2,438,000 v. 2.4million expected) and this week’s “continuing claims” of 25,073,000. After that we had “existing” home sales -17.8% to an annual run-rate of 4.3 million units. That was the lowest number since July 2010. Next came the earnings for TJX, not terrible and looking forward to re-opening and the massive amount of unsold inventory coming their way. The stock finished $54.30 +3.45 (6.8%) and up from $42.52 earlier this month. BJs Wholesale (BJ) blew away the numbers and was rewarded with a $6.28 (22%) move up. BestBuy (BBUY) beat but fell 3.56 (4.4%). After the close we had Palo Alto Networks crushed their numbers and the stock, already up from $125.47 in early March closed $229.50 -4.98 (2.12% and traded up to $247.81 and finished the evening session $245.51 +16.01 (7%). Nvidia (NVDA) was the surprise of the afternoon beating both EPS and revenues but after trading +7 and -7 finished $349.50 -2.00.

FOOD SUPPLY: was LOWER with TSN -.70, BGS -.20, FLO -.05, CAG -.45, MDLZ -.47, KHC -.57, CALM +.13, JJSF -3.03, SAFM -1.10, LANC -2.18, GO -.26, and PBJ $30.56 +.39 (1.24%).

BIOPHARMA was LOWER with BIIB -4.64, ABBV +1.81, REGN -15.91, ISRG -6.36, GILD -.44, MYL -.35, TEVA +.06, VRTX +.38, BHC -.03, INCY +.36, ICPT -.35, LABU -.79 and IBB $132.03 -1.88 (1.40%).

CANNABIS: This group was HIGHER with TLRY +2.30 (28.57%), CGC +1.64, CRON +1.01, GWPH +.34, ACB +4.26 (33.41%), PYX +.18, NBEV +.06, CURLF +.19, KERN -.07 and MJ $13.80 +1.10 (8.66%).

DEFENSE: was HIGHER with LMT +6.38, GD +2.01, TXT +.14, NOC +5.70, BWXT +.15, TDY +6.22, RTX +2.30, and ITA $153.34 +3.27 (2.18%).

RETAIL was HIGHER with M +.36, JWN +1.06, KSS +1.30, DDS +1.29, WMT -.08, TGT -.63, TJX +3.74, RL +3.22, UAA +.54, LULU +10.50, TPR +.98, CPRI +1.08, and XRT $39.02 +.78 (2.04%).

FAANG and Big Cap: were LOWER with GOOGL -2.53, AMZN -46.14, AAPL -1.23, FB +3.22, NFLX -10.92, NVDA -9.78, TSLA 9.94, BABA -3.39, BIDU +2.58, CMG -1.04, CAT -1.49, BA +6.80, DIS -1.73 and XLK $96.14 -1.36 (1.39%).

FINANCIALS were LOWER with GS -1.24, JPM -.93, BAC +.11, MS -.61, C -.25, PNC -.98, AIG +.86, TRV +2.88, AXP -.36, V -2.36 and XLF $22.00 -.07 (.32%).

OIL, $33.92 + .43. Oil was higher today with the close mid-range. I thought that the most recent downside break occurred from just under $29.00 and may stop this move too, but as we saw, it went right through that level. On today’s rally we bought the USU 6/5 25 puts @ $ .91 and they closed $1.01. The stocks on my list were mostly lower with XLE $38.72 -.63 (1.6%).

METALS, GOLD: $1,721.90 -30.20. After trying to break to new highs Gold failed to follow-thru and opened slightly lower and fell all the way back to trade $1,715. There is good support from here to $1,685 and I’d expect a renewed move higher.

BITCOIN: closed $9,075 - 495. After breaking down from just over 10,000 and trading 8,220 we started back up and traded all the way back, it failed to make a new recovery high. We broke all the way back to trade 8815 today but managed a move to close just over $9000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $1110.58 -.64 today.

Tomorrow is another day.

CAM



ALTCOIN VS BITCOIN: BATTLE FOR DOMINANCE AFTER THE HALVING

Before we begin, let us hop onto the same page and understand what bitcoin dominance is.

WHAT IS BITCOIN DOMINANCE?

Bitcoin Dominance is simply the market share of bitcoin in the cryptocurrency market determined by market capitalization(Circulating Supply x Price). Bitcoin is by far the largest cryptocurrency by market capitalization and a top contributor in trading volume.

Bitcoin Dominance ratio can be derived from dividing market cap of bitcoin over the sum of the cryptocurrency market cap as a whole. As the dominance represents a ratio of market share, bitcoin dominance is often affected by the performance of altcoins. Therefore, as shown in figure 1 below, the Bitcoin Dominance dropped dramatically at the time ICOs gained popularity where Ethereum almost overtook Bitcoin in market cap.

Figure 1 - Source: coinmarketcap.com

BTC HALVING - AFFECT ON DOMINANCE

As market capitalization is calculated by the circulating supply and price, it is logical to assume that the dominance will gradually fall over time as the rate bitcoin issuance has dropped by half.

However, as shown in figure 2, the Bitcoin Dominance is still maintaining its stance at approximately 67~68%. It is in great interest by many cryptocurrency enthusiasts to see where the dominance will be heading. As the supply rate has dropped, the only way the dominance can be maintained is through the increase in bitcoin price.

Figure 2 - Source: coinmarketcap.com

As of May 11, the date of the 3rd halving, the price of bitcoin has continuously demonstrated an upward trend which was a key factor in maintaining the dominance level.

Figure 3 - Source: coinmarketcap.com

Leading up to the halving, the Bitcoin tweet dominance (shown in Figure 4) also hit its highs since the 2017 bull-run.

Figure 4 - Source: The Tie

ALTCOIN PERFORMANCE

As mentioned above, another factor to consider is the Altcoin performance or the so called "alt-season". Although Bitcoin strongly stands as the main crypto asset across the world, there are many altcoin fans that are waiting for the "alt-season" to come. Now with a major event for Bitcoin out of the way, what influence will this have in the altcoin market?

Furthermore, many institutions and governments are also leveraging altcoin protocols to issue their own cryptocurrencies to add efficiency and innovation to existing systems. These initiatives will bring greater reach to the general public, meaning more demand. Shown in figure 5, over the past month, the so called whales have been discovered stacking up with several key altcoins in their wallets.

Figure 5 - Source: Santiment

Below are some upcoming events for Altcoins and also institutional use cases

Altcoin Events

  • Ethereum 2.0
  • Theta Mainnet
  • Zilliqa - Zilon v2.0 Release
  • Kyber Network - KyberDAO Launch

Institutional Use Cases

  • Reddit - Ethereum Based Cryptocurrency Engagement Reward
  • Visa - Files many patents on Cryptocurrency
  • Libra - Singapore State Investor Temasek Joins Libra

Now that the halving is over yet ongoing, uncertainty still remains on how the cryptocurrency space (including dominance) will be reshaped. Will we see another alt-season like the one back in 2017? or is everyone keeping their bitcoins in their pockets?