View profile

Sankalp's Blockchain & Bitcoin Snapshot - Issue #14

When you see a $5,000 price tag on Bitcoin, don't forget that only 21m people can ever only own 1 Bit
Sankalp's Blockchain Express Weekly
Sankalp's Blockchain & Bitcoin Snapshot - Issue #14
By Sankalp Shangari • Issue #14 • View online
When you see a $5,000 price tag on Bitcoin, don’t forget that only 21m people can ever only own 1 Bitcoin simultaneously -0.3% of the world
- Vinny Lingham

Your Bitcoin Wrap Up:
To be in Top 1% in Global (Fiat)
To be in Top 1% in Global (Fiat)
What the Crypto Community has been talking: 
  1. Everyone is raving about China, ICO’s, NEO and SEC. In my humble opinion, this is short lived and buying dips here. Fiat can be controlled, crypto, less. Imagine if you are a Chinese or American alt trader, would you just fiddle your thumbs and wait for everything to be rosy OR would you move your alts to BTC and then to Bitmex and then anywhere? Buy dips. 
  2. What a price ride: Its not everyday thing. Everything at All time highs and then suddenly, everything in the dumps. All in a  day. BTC @ 5000? Do me a favour, just search ‘Bitcoin 5000" and see the number of articles and videos - crazy
  3. Monaco and its VISA woes - All described here in detail
  4. Remember Kim Dotcom - he is launching an ICO - Bitache
  5. SEC is after the ICOs and scaring off many. We have been receiving a lot of ICO requests - happy to help. You can email me. ICO lawyers are also in demand. China is following up
  6. Moscow exchange backs out from its officials comment and an article in Forbes that they would be launching crypto trading. Lesson to self: don’t believe whatever goes around 
  7. Crypto Funds - we get so many requests and they are a fad. But hard to find a team like this - sincere and dedicated with a good track record - Stable Coin
  8. LTC and so many other Alts made ATH. There is always a decent correction over the weekend and new ATH over the week. Play that
  9. Vitalik is doing the rounds now and struck partnership with state-owned bank Vnesheconombank (VEB) - Show offs like these beg to ask the question - is Ethereum really decentralised? vs Satoshi who is still anonymous? Putin, Vitsalik, VEB, Yota, everyone is in the mix - and that IMO is not decentralised. Its Russialised. 
Cryptocurrency Trading terms and meaning
🔵#ALTCOIN = Any crypto currency other than bitcoin.
🔵#ASHDRAKED = A situation where you lost all your money.
🔵#BAGHOLDER = A person who buys and hold coins in large quantity hoping to make good profits in the future.
🔵#BEAR/BEARISH = Negative price movement
🔵#BTFD = Buy The Fucking Dip (an indication to buy a coin when it has dumped so hard)
🔵#BULL/#BULLISH = Positive price movement
🔵#DILDO = Long green or red candles
🔵#DUMP = To Sell off a coin
🔵#DUMPING = Downward price movement
🔵#DYOR = Do Your Own Research
🔵#FA = Fundamental Analysis
🔵#FOMO = Fear Of Missing Out (A coin is pumping and you get the feeling it’s gonna pump more, so you buy high)
🔵#FUD = Fear Uncertainty & Doubt
🔵#HODL = Hold/Hold a position
🔵#JOMO = Joy Of Missing Out
🔵#LONG = Margin bull position
🔵#MCAP = Market Capitalization
🔵#MOON = Continuous upward movement of price
🔵#OTC = Over The Counter
🔵#PUMP = Upward price movement
🔵#SAJ #CANDLE = Huge green candle
🔵#SHITCOIN = A coin with no potential value or use
🔵#SHORT = Margin bear position
🔵#SWING = Zig zag price movement (Upwards and downwards)
🔵#TA = Technical Analysis
🔵#REKT = When you have a bad loss
🔵#REVERSE INDICATOR = Someone who is always wrong predicting price movements.
🔵#RSI = Relative Strength Index
🔵#WHALE = Very Wealthy trader/Market mover
Video of the Day
#198 Nick Morgan: The DAO, the SEC and the ICO Boom - YouTube
#198 Nick Morgan: The DAO, the SEC and the ICO Boom - YouTube
Top 10 Blockchain News
7 European Banks Form Blockchain Consortium For SMEs | FINTECHNA
Does bitcoin threaten economic stability? - MarketWatch
Bitcoin Surges To New Record High, Overtakes Paypal & Netflix, Nears Morgan Stanley's Market Cap | Zero Hedge
Former SEC Attorney Explains Which Ethereum ICOs Will Be Targeted With Regulatory Action
Kim Dotcom Wants to Trigger a "Copyright Revolution" - TorrentFreak
The Economics of Blockchain Protocols – Primoz Kordez – Medium
How Chinese exchanges influence bitcoin | Blockchain Tech News
Cryptocurrencies And The Lure And Risk Of ICOs |
Did you enjoy this issue?
Sankalp Shangari

Based in Singapore, Sankalp is involved in most aspects of Blockchain - as an entrepreneur, consultant, investor in several AI & Tech related ventures. You can reach out on twitter /linkedin/ medium @sankalpshangari

If you don't want these updates anymore, please unsubscribe here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue
Singapore | Delhi | San Francisco | Malaysia | Dubai