QUOTE OF THE DAY
"A man who flies from his fear may find that he has only taken a shortcut to meet it."
—Sador, Children of Húrin
Bitcoin has been going bonkers. Seem's like everyday it's hitting new all-time highs. Short-positions are being liquidated left and right. A̶s̶ ̶I̶'m̶ ̶t̶y̶p̶i̶n̶g̶ ̶t̶h̶i̶s̶ ̶B̶i̶t̶c̶o̶i̶n̶ ̶i̶s̶ ̶c̶r̶e̶e̶p̶i̶n̶g̶ ̶u̶p̶ ̶o̶n̶ ̶$̶3̶,̶9̶0̶0̶ ̶l̶i̶k̶e̶ ̶a̶ ̶f̶a̶t̶ ̶k̶i̶d̶ ̶o̶n̶ ̶c̶a̶k̶e̶,̶ ̶s̶a̶l̶i̶v̶a̶t̶i̶n̶g̶,̶ ̶w̶i̶t̶h̶ ̶b̶l̶o̶o̶d̶ ̶i̶n̶ ̶i̶t̶s̶ ̶e̶y̶e̶s̶.̶ That was like 30 minutes ago, now Bitcoin is creeping up on $4,000.
Bitfinex Is Closing Doors To US-Customers
Bitfinex announced yesterday that it is immediately reducing services provided to U.S. customers and within 90 days will no longer serve the U.S. market.
Bitfinex is immediately ending trading of Ethereum-based ICO coins such as EOS and SAN and is also immediately suspending verification of U.S. accounts.
It will be interesting to see how this move effects the crypto market. Oh, and it looks like IOTA needs to find a new home.
You can read the official announcement here.
Game Of Throne Hackers Demand Ransom
An anonymous team of hackers got their hands on unreleased and sensitive Game of Thrones information. The hackers are demanding a ransom of millions of dollars worth of Bitcoin HBO. Some of the information the hackers got a hold of are full scripts and cast list for Game of Thrones season 7.
In response, HBO has asked the hackers for a deadline extension as it scrambles to acquire Bitcoin.
You can read more about this story here.
If You Take Investing Advice From CNBC's Fast Money...
"The opportunity here is that you want to buy Ethereum, you can still hold your Bitcoin but you want to be overweight Ethereum with the idea that Ethereum is going to get closer to the market cap of Bitcoin and maybe even take over someday."
That's a direct quote. You can listen to it here.
Nvidia, Wallstreet, and Bitcoin
Nvidia stock price tumbled around 8% in after hours trading as there looms a fear of a cryptocurrency bust. There seems to be a fear that Nvidia is too dependent on Bitcoin.
You can read an article about this from Fortune here.
Ukraine Is In The News Again!
Ukraine’s National Police found an illegal Bitcoin farm at a Ukrainian state institute.
"Police found that 200 computers had been set up in an unused swimming pool at the Paton Electric Welding Institute’s recreation center to generate Bitcoins."
Here is the article from Kyiv Post.
THINGS I LIKE
The Legal Dangers Of Investing In ICOs
I found an interesting post on Steem that talks about the Securities and Exchange Commission and the legal dangers of investing in ICOs.
You can read the post here.
Weekly Crypto-Cap Recap
It is very difficult to predict a top during a bull run. Like some of you, I've already sold my coins, but I could have made more gains has I held for another day.
Remember, hindsight is 20/20. Don't judge your decisions by what you know today, but rather by what you knew at the time when you were making your decision.
My Current Sentiment: Neutral
Daily Number Indicator
Remember that the condition for this number indicator is any particular bars close needs to be higher/lower than the close four bars earlier. The condition can stay met, but the maximum count this indicator uses is 9.
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