Coin Sheet - August 5, 2017

◤QUOTE OF THE DAY


Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don’t quit.
— Conrad Hilton

◤COIN BULLETIN

Bitcoin Rallies

Bitcoin surges past $3,200 to hit all-time high's. For the first time ever, Bitcoin’s market capitalization exceeded the $50 billion dollar mark. Why did this happen? Who knows. We have a don't ask, don't tell policy in crypto, so stop it with the questions...GOT IT? It might be due to major upward market correction, FOMO, hive-mind speculation, or Segwit anticipation. Either way, you probobly didn't lose any money last night...unless you were in fiat...or holding alt coins.

Anyways, here's an article about it from Cointelegraph.

Beauty ain't she...

Beauty ain't she...

Big Boys

Hedge funds tied to cryptocurrencies exploding. Seems like money likes money, who knew?

In Adoption News:

Bitcoin ATM's are coming to Ukraine! According to Bitcoin.com150 Bitcoin ATM's will be installed in Ukraine this year, including 20-30 machines set to be installed on the streets of Kiev, the capital city of Ukraine, by the end of the summer.

Fun fact: 1 Bitcoin is worth ~$82,737 Ukrainian Hryvnia

In Other News...

Coinmarketcap is now more popular than the Wall Street Journal. According to SimilarWeb, Coinmarketcap had 51 million visitors last month (about 3 million of those visits are from me).

Filecoin

The Good: Filecoin presale raises $52 million ahead of ICO launch.

The Ugly: The analysis Filecoin doesn’t want you to read.


◤THINGS I LIKE

The $5.8 Million Dollar Bitcoin

This research paper makes the case for a $5.8 Million Bitcoin. Here is a nice summary of the paper. Maybe they made a typo and were really talking about the Zimbabwean dollar...or the Ukrainian Hryvnia

Meet "Spoofy"

How a Single entity dominates the price of Bitcoin is story is about a trader, or a group of traders, who manipulate the price of Bitcoin. Interesting piece by BitCrypto’ed

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◤MARKET SENTIMENT

Weekly Crypto-Cap Recap

Technical Signals

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We broke out.

Daily Number Indicator

Don't know what this is? Read here.

Don't know what this is? Read here.

This green 3 is signaling a bullish trend.

If you're into this kind of stuff, let me know by following me on Twitter, @dmitriy__or_dima.


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