Coin Sheet - September 27, 2017


QUOTE OF THE DAY

If you cannot do great things, do small things in a great way.” 

—Napoleon Hill


COIN BULLETIN

Overstock to Open Token Exchange

According to CoinDesk, tØ, the capital markets arm of Overstock's blockchain-focused subsidiary Medici, is launching a first-of-its-kind alternative trading system (ATS) that will provide a platform for the exchange of cryptographic tokens categorized in the U.S. as securities.

All I know is this, I began to sign up for this exchange and it was definitely more tedious than signing up to one of those shady foreign exchanges. I mean, they had me fill out a W2 form, what's up with that, right?

As I understand, there are currently no other regulator-approved ways for U.S. investors to trade ̶s̶h̶i̶t̶c̶o̶i̶n̶s̶ ̶security tokens.

You can read more about this here.
 

President of European Central Bank On Crypto

The president of the European Central Bank (ECB), Mario Draghi, has stated that bitcoin does not fall under the regulatory powers of the ECB.

At least that's what the headlines say.

What he really said was:

"the magnitude, user acceptance and impact on the real economy [of bitcoin]…it would be very premature to consider it as a payment instrument for the future”. The ECB president stated that the ECB “has not yet had a discussion” regarding the topic, adding that “it would not be [within] our power to prohibit or regulate [bitcoin]”

Translation - He thinks of Bitcoin what we think of every coin that isn't on Coinbase (if you still don't follow, refer to the word with the line through it in the segment above).

And that's what governments will look at them as, that is, until they want them tax dolla dolla bills yo. In that case they are securities.

You can read more about this here.

 ...as Mario thought to himself, " what shitcoin shall I buy next? "

...as Mario thought to himself, "what shitcoin shall I buy next?"


Ethereum: The Sequel

Vitalik Buterin publishes a new whitepaper detailing a potentially transformative protocol for initial coin offerings (ICOs).

Source

 "Ok."

"Ok."


THINGS I LIKE

Five Things Daniel Learned From Chris

Daniel Jeffries shares with us 5 things he learned from master investor Chris Dixon.

  1. Always get both sides of the story.
  2. Never be afraid to reinvent yourself.
  3. Embrace rejection.
  4. Start small, build big.
  5. Design with the strengths of the system.

You should read the full article here.

123123.png

MARKET SENTIMENT

Technical Signals

1.PNG

 

My Current Sentiment: Bullish

(Also, those 3's below are usually a signal to enter a long position).

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.


Want To Connect? Have Questions?

Let me know on Twitter @coinsheets


Join The Discussion On Discord

Here's an invite: https://discord.gg/UTp6bCU


Support

Want To Support CoinSheet? Do it, get perks.


Subscribe

Wait what!? You haven't subscribed? Let's change that.