Coin Sheet - August 11, 2017


QUOTE OF THE DAY

“Take your profits or someone else will take them for you.”

- J.J. Evans


COIN BULLETIN

Welcome To The Unicorn Club

Coinbase announced on its blog that it has raised $100 million in "Series D" funding led by U.S. venture capital firm IVP.

Coinbase said it would use these funds to:

  • Expand its customer support and engineering teams.
  • Open a GDAX office in New York City.
  • Invest in Toshi (yes, Coinbase has a 3rd product).

This makes Coinbase first crypto start-up to achieve a valuation of at least $1 billion. Coinbase doesn't get enough recognition for all the good it goes, so congratulations team Coinbase! Maybe now you'll hire a second customer support rep!

Oh Yeah, Coinbase! Well Look At This!

Filecoin ICO'd and has raised an estimated $200 million from accredited investors...in under 60 minutes.

SEC be like...

SEC be like

Market Capitalization

In other news, the total value of all cryptocurrencies set a new all-time high today, rising above $127 billion for the first time in crypto history. NBD (no big deal). I think you're all numb to seeing "all-time highs" anyways. Oh yeah, and Bitcoin finally breached the $3,500 dollar mark. Let the countdown begin.

Source

THINGS I LIKE

Cryto-Drama

Bitcoin Core developers remain adamant in opposition to SegWit2x, potential showdown in November.

Read more about this here.


MARKET SENTIMENT

Technical Signals

aaa.PNG

We broke 3,500. I don't think we will stay here. I think this would be a really good time to take some profit. It is very reasonable to expect a pull back within the next couple of days.

My Current Sentiment: Bearish

 

Daily Number Indicator

Don't know what this is? Read here.

This indicator is signaling that you should take profits and stay in cash.

 

Have suggestions? Questions? Want To Say Hi?

Let me know on Twitter @dmitriy_or_dima.


Join The Discussion On Discord

Here's an invite: https://discord.gg/UTp6bCU


Want To Support CoinSheet?

Do it, get perks.


Subscribe

Wait what!? You haven't subscribed?

Let's change that.