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Sankalp's Blockchain & Bitcoin Snapshot - Issue #15

"I fear not the trader who uses 10K indicators once, but the trader who uses a simple line 10K times.
Sankalp's Blockchain Express Weekly
Sankalp's Blockchain & Bitcoin Snapshot - Issue #15
By Sankalp Shangari • Issue #15 • View online
“I fear not the trader who uses 10K indicators once, but the trader who uses a simple line 10K times.”
- Anon

Your Bitcoin Wrap Up:
ICO’s are the craze. We have written several times about this. With th the recent SEC dilly dally and China playing the Dragon, they are, its scared some investors. But the smarter ones (or the crazier ones) ar into really worried. Its as expected as the Ethereum or Bitcoin Fork. What do you really expect - the goats to sit on their thumbs and let you enjoy and take all credit - think again my friend. 
However, the lets take step back and see ICO’s have really done? They have created a new wave of liquidity that did not exist. That too, at the idea stage of a company. This is the new VC in town, but VC’s are not complaining with some participating Pre-ICO and making multiple returns - Filecoin is the most recent example. Pre-ICO - 0.75, ICO first hour 4.69. Why invest in anything else? 
Next question is what NEXT? We believe China wants to control, as always, but they are also the most practical people when it comes to realising gains. This is a temporary ban and will reverse after the annual Chinese Party celebrations in October. Simple. 
BTW, UK is feeling left out and FCA just said I n #ICOs:
1) Unregulated
2) No investor protection
3) Volatile
4) Potential 4 fraud
5) Inadequate docs
6) Early stage

Btw a great article on few estimation below. 
Video of the Day
Bitcoin Q&A: How long until mainstream adoption? - YouTube
Bitcoin Q&A: How long until mainstream adoption? - YouTube
Top 10 Blockchain News
SEC Head Concerned About Cybercrime And ICOs | PYMNTS.com
China bans initial coin offerings calling them 'illegal fundraising' - BBC News
China's Central Bank Declares Initial Coin Offerings Illegal - Bloomberg
Did PBoC Officials Engage in Insider Trading?
Red China Strikes Again, Bans ICOs, Threatens Imprisonment
Investors Say Being Long Bitcoin Is Now the Most Crowded Trade - Bloomberg
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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

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