Coin Sheet - September 6, 2017


QUOTE OF THE DAY

The key to making money in stocks is not to get scared out of them.” 

—Peter Lynch


COIN BULLETIN

Coinbase Hits 10 Million Users

Coinbase recently hit a remarkable 10 million registered users, users who are there to buy and trade cryptocurrency.

Say whatever you want about Coinbase, but this is a phenomenal achievement and it should be applauded. I think Coinbase has brought more collective eyes onto cryptocurrency than any 3 other entities combined.

Oh boo hoo, I'm sorry that your ACH transfer took 2 extra days because you didn't know weekends are not "business days."

Anyway's, ZeroHedge covers this major milestone here.

Luxury Dubai Property Development Sold in Bitcoin

According to Altcoindaily, Baroness Michelle Mone and Douglas Barrowman, have announced the sale of a £250 million property development in Dubai which will be sold for bitcoin.

You can read more about this here or here.

Ever wonder what you can buy with 33 Bitcoin? This.

Ever wonder what you can buy with 33 Bitcoin? This.

SEC Chief Speaks Out Against Malicious ICOs

According to Coindesk, a member of the U.S. Securities and Exchange Commission's (SEC) division of enforcement has spoken out against malicious initial coin offerings (ICOs).

He had this to say:

"As with any kind of newsworthy event, roaches kind of crawl out of the woodwork and try to scam money off of investors."

Source

Canada Does The Opposite Of China

While China is banning ICOs, Canada is taking the polar opposite approach.

This is what Patrick Theoret (a director in AMF's corporate finance division) told CoinDesk:

"It’s in the spirit of the sandbox that we are willing to alleviate some of the requirements on, sort of, a test case basis. It's a test run to see whether there are investor protection [issues] with the relief that we grant."

Source

Fred Wilson On China ICO Ban

While we're on the topic of China, here is an article from Fred Wilson on the China ICO ban.

TL;DR - He thinks theregulation of ICOs is inevitable and a good thing if done right.

You can read his full article here.

Xerox Patent

Xerox applies for a blockchain timestamp patent. Here's the collective expression of engineers worldwide.

wtf.png

Here's an article about it.

Do Big Banks Like Crypto?

Do big banks see big promise in cryptocurrencies? Is blockchain ready for fiat? You goddam right.

I'm a little extra today, here's a more sensible article about on the matter.


THINGS I LIKE

Evaluating Tokens and ICOs

Today we have a great article by Michael Karnjanaprakorn titled Evaluating Tokens and ICOs. Michael is a seasoned entrepreneur & an crypto angel investor so he know's what he's talking about.

You can read his article here.

Crypto Newcomers Mistakes

Jon Creasy goes over his top 10 mistakes crypto newcomers make.

Here is his list:

  1. Not #DYOR (Doing Your Own Research).
  2. Don’t start mining expecting big profit.
  3. Lack of patience.
  4. Selling when it’s “high enough.”
  5. Not holding your private keys.
  6. Failing to find a good community/s to learn from.
  7. Sending to the wrong crypto-wallet in an exchange.
  8. Not keeping hard copies of everything.
  9. Not using 2fa or saving records of the code.
  10. FOMO (Fear of Missing Out).

Read his full article here.

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MARKET SENTIMENT

Technical Signals

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My Current Sentiment: Bullish

Daily Number Indicator

BTC

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.

ETH

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.

LTC

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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