Coin Sheet - November 8, 2017


QUOTE OF THE DAY

The difference between the right word and the almost right word is the difference between lightning and a lightning bug.” 

—Mark Twain.


COIN BULLETIN

The World’s Largest FX Exchange Hopes to Tame Bitcoin Volatility

The Chicago Mercantile Exchange & Chicago Board of Trade otherwise known as CME Group announced its bitcoin futures specs this week.

You can read the contract specifications from CME Group here.

You can also read more about this story from Bitcoin News.

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Secret Service Agent Gets Extra Jail Time Over Theft of Silk Road Bitcoin

According to CoinDesk, a former U.S. Secret Service agent has been sentenced to an additional prison term on charges associated with his theft of bitcoin seized from now-defunct dark market Silk Road.

Take that buddy.

Source

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What Else Is Going On?


THINGS I LIKE

The REAL Reason Bitcoin Price Is Skyrocketing

Miguel Cuneta writes about why he thinks the price of bitcoin is skyrocketing.

TL;DR:

  • The law of supply and demand
  • Utility + Scarcity = Value
  • A hedge against financial crises
  • Speculation
  • Bitcoin has become a global reserve cryptocurrency

You can check out his article here.


MARKET SENTIMENT

Technical Signals
 

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My Current Sentiment: Neutral.

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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