Coin Sheet - August 14, 2017


QUOTE OF THE DAY

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

—Aristotle


COIN BULLETIN

Bitcoin Closes Above $4,000

After a strong bullish couple of days, with heavy volume and weekend trading, Bitcoin has finally closed above $4,000 USD.

As a public safety announcement, I must ask everyone to please be careful and not crash your brand new LAMBORGHINI's. I am sad to say that I won't be joining you, because I am smart, and I know that Bitcoin is a HIGHLY, HIGHLY speculative investment. I won't be joining you because selling my Bitcoin bags a few days ago when it broke $3,500 was the right decision for me. I take small baby steps to the moon and I'm very happy with my conservative Bitcoin gains!

When you sold early, but have to act like you're happy. Source.

When you sold early, but have to act like you're happy. Source.

Okay, yes, in hindsight I sold too early...but I don't operate on hindsight, so let's move on.

Related to Bitcoin, this guy who was able to turn ~600 BTC into ~200 BTC. Like, that's not even that impressive, I could have easily turned that into like ~3.50 BTC.

While we're talking about Bitcoin, here's some perspective.

Chinese Ethereum

NEO, formerly known as Antshares is up over 400% this month. From my understanding, the goal of NEO is to use the security of the blockchain to facilitate safe and fair trading of real world assets via smart contracts.

Oh yeah, did I mention that NEO overtook Litecoin, and snagged a top 5 position with their $2.4B market cap. Look's like their rebranding is was pretty good for them.

Still, criticisms of NEO exist. Critics have been saying that NEO lacks network effects, lacks developers, isn't solving any new problems, and that NEO is China-based (which is an issue since most crypto's are out of Zug, Switzerland, for a reason).

Microsoft + Ethereum = Coco

Microsoft releases an Ethereum-Based protocol called ‘Coco.’ The TD:DR that I found on reddit is that Microsoft is setting up an open-source B2B framework to deliver scalable, shared, confidential blockchain services to businesses, soon to be completely compatible with all major smart-blockchain platforms like ethereum, hyperledger or quorum. ethereum is already integrated, the rest is soon to follow up.

You can read an article about this here or read the official announcement from Microsoft here.

It Must Be A Sign

A ‘Buy Bitcoin’ sign appears during the DOTA International Tournament.

You can read an article about here to see why any of this is relevant.

In Adoption:

  • Russia's Ministry of Health is working with one of the country's state-owned banks to explore possible uses of blockchain technology.
  • Sony partners with IBM to use blockchain in student data management.

THINGS I LIKE

Crypo Tokens

Not all tokens are created equal.

You can read the article here.

Where Blockchain Counts

Interesting article by Darryn Pollock titled Cryptocurrency Can Leapfrog Africa Into Future.

You can read the article here.


MARKET SENTIMENT

Technical Signals

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The trend of all-time highs' need to stop eventually...right?

My Current Sentiment: Neutral

 

Daily Number Indicator

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

This is a number indicator is used for identifying trends, measuring momentum and spotting areas of price exhaustion. Read more here.

Remember that the condition for this number indicator is any particular candle's close needs to be higher/lower than the close four candles earlier. The condition can stay met, but the maximum count this indicator uses is 9.

 

Want To Connect? Have Questions?

Let me know on Twitter @dmitriy_or_dima.


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