Coin Sheet - August 22, 2017


QUOTE OF THE DAY

Time is a game played beautifully by children.” 

—Heraclitus, Fragments


COIN BULLETIN

In ICO Hack News

Remember how a few weeks ago we talked about CoinDash getting hacked (hackers changed the address on its website and made over $9 million)?

Well...a hacker basically did the same thing to Enigma before its ICO, netting over 1,500 Ether (about $500k's worth).

You can read an article about this here.

Acting Like Banks

According to Quartz, "China’s two biggest Bitcoin exchanges (Huobi and OKCoin) helped themselves to $150 million in idle client funds."

(The exact same thing the bad banks and bad hedge funds do when you give them your money.)

You can read an article about this here.

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The League Of Mini-Nations

Walmart, Kroger & Nestle are collaborating with IBM to come up with a blockchain solution to fight food poisoning.

You can read an article about this here.


THINGS I LIKE

Applying Common Hedge Fund Strategy To Bitcoin

Philipp Kallerhoff looks into whether or not a common hedge fund strategy can be applied to Bitcoin in order to reduce investment risk.

By testing his strategy on Bitcoin since its inception he concluded that it seems to work pretty well. For example, "if the Bitcoin market price increased 200% over 60 days, then the momentum strategy made about 200% as well. However, if bitcoin lost 50% in 60 days, then the momentum strategy lost on average only 10%."

However, strategies aren't perfect, so there were a few catches (i.e., his strategy doesn't work very well in markets that move sideways).

TL;DR - It's plausible.

You can read the full article here.

Ethereum Ecosystem & Segwit Ecosystem

ecurrencyhodler writes about the "The Two Emerging Ecosystems in Crypto" (and their underlying philosophies for growth).

You can read the full article here.

An Article You Can Forward

Joe Ippolito wrote an article titled "Bitcoin and digital currency: A guide for your Mom."

I think someone who doesn't know much about cryptocurrencies might like this article.

You can read the full article here.


MARKET SENTIMENT

Technical Signals

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Bitcoin dropped below the 4-hour kumo (that green cloud thingy) and Bitcoin prices dipped below $4,000 to hit a 7-day low.

Since the drop, we've entered back into the green cloud, and our new big resistance will be the top of the kuma (green cloud).

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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.


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