📰 CoinSheet - Oct 11, 2017 📰
📰 CoinSheet - Oct 11, 2017 📰
QUOTE OF THE DAY
“If we open a quarrel between the past and the present, we shall find that we have lost the future.”
—Winston Churchill
COIN BULLETIN
How's Bitcoin Doing?
China? SegWit2x? Forks? Bitcoin doesn't seem to care. All Bitcoin cares about is sucking the life out of every coin that isn't Bitcoin.
Oh, and does anyone else find it a bit funny that other than Bitcoin, the only two green coins on this list are Ripple and a pyramid scheme?
SEC Asks For Two New Bitcoin ETF Applications Withdrawal
According to Cointelegraph, the SEC has asked for withdrawal of the application for Bitcoin derivative ETFs via a formal letter to the applicants.
Looks like the SEC is not ready to handle the derivatives ETF at this time.
THINGS I LIKE
The Definitive Bull Case For Ethereum
Great little read from the Store Of Value blog. The fellow explains why he thinks Ether is valuable, and why it continues to have tremendous upside.
The TL;DR list is:
Ether is a fuel, not a currency
Proof of stake
Focused leadership
Upcoming technology - Plasma and Raiden
Ethereum as a highly useful public utility
Budding corporate adoption
Powerful decentralized applications
You can read the article here.
7 Thoughts On Blockchain, Cryptocurrency & Decentralization
Here are some of Lou Kerner's thoughts on blockchain, crypto, and decentralization after spending 3 months in the rabbit hole.
It's always great to immerse yourself in new perspectives.
You can find his article here.
MARKET SENTIMENT
Technical Signals
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.
Ethereum
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.
Join The Discussion
You can find me on Twitter at @coinsheets
And here's an invite to our Discord: https://discord.gg/UTp6bCU
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