Coin Sheet - November 9, 2017


QUOTE OF THE DAY

Determine that the thing can and shall be done, and then we shall find the way.” 

—Abraham Lincoln.


COIN BULLETIN

SegWit2X Hard Fork Was Cancelled

It looks like SegWit2x was called off due to lack of consensus, leading bitcoin to a new all-time high.

An excerpt from the announcement that ended it all reads:

“Our goal has always been a smooth upgrade for Bitcoin.  Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.”

Naturally, bitcoin hit a new all-time high above $7,800 right after the announcement was made, and has since settled down to around ~$7,200.

We don't know why exactly it rallied like that, but there was probably a good amount of short covering that contributed to the price increase.

Anyways, let's pray for all our fallen soldiers who bought Bitcoin SegWit2X futures.

Can't be a bagholder if the coins in your bag don't exist.

Can't be a bagholder if the coins in your bag don't exist.


Nearly a Third of Millennials Say They'd Rather Own Bitcoin Than Stocks

A survey by venture capital firm Blockchain Capital found that about 30 percent of those in the 18-to-34 age range would rather own $1,000 worth of Bitcoin than $1,000 of government bonds or stocks. 

Pretty neat.

Source

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What Else Is Going On?


THINGS I LIKE

10 Tricks Hackers Use To Steal Your Cryptos

Ouriel Ohayon writes about 10 tricks hackers use to steal your cryptos.

You can read 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

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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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