Coin Sheet - November 2, 2017


QUOTE OF THE DAY

One doesn’t discover new lands without consenting to lose sight, for a very long time, of the shore.” 

—André Gide.


Hi all,

Wanted to give you a heads up that I will be travelling for the next few days so you might not see a daily newsletter from me tomorrow, and on Monday. You can follow me to Twitter to stay in touch.

Cheers,
D

COIN BULLETIN

SEC Statement On Unlawful Promotion Of Initial Coin Offerings

The U.S. Securities and Exchange Commission (SEC) released a publish statement to investors about celebrity-endorsed initial coin offerings

An excerpt reads:

"Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments. These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement."

You can read the official statement here.

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Vitalik Unveils Multi-Year Vision for Ethereum

CoinDesk reports that at ethereum's flagship conference, Devcon, project creator VitalikVitalik Buterin revealed he has been quietly working on a new long-term plan for the future of the blockchain network. What he called a "modest proposal," it's perhaps better described as a three-to-four-year roadmap for ethereum's technical development.

TL:DR - Ethereum will face scalability problems and Buterin believes sharding is the "likely" solution to this problem. 

...and he say's "basically we’re just inches away from a proof of concept in python."

You can read more about this here.

Amazon Subsidiary Registers Cryptocurrency and Ethereum Domains

Online records show that Amazon has registered three cryptocurrency-related web domains.

Err, yeah, we don't really know why, and I don't have anything to speculate on. They probably just registered them so scammers don't get a hold of them.

You can read more about this here.


What Else Is Going On?


THINGS I LIKE

With Greater Perspective

Lou Kerner say's the “Crypto Bubble” isn’t a bubble.

TL:DR - We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.

You can check out his article here.


MARKET SENTIMENT

Technical Signals

No technical signals today. I think we already hit the BTC top this morning.

This definitely feels like a deadcat bounce from a topping pattern.


My Current Sentiment: Bearish.

Daily Number Indicator

Bitcoin

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.

Ethereum

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.

Litecoin

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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