Daily Email Archive

Paralyze resistance through persistence

Your daily newsletter for December 3, 2018
Press on
“Ambition is the path to success. Persistence is the vehicle you arrive in.”
- Bill Bradley
Welcome back, CoinMarketCap army. We have now entered, I believe I speak for the majority when I say this, the "best month" of the year! 😎 Bring on the festivities. 🎅

Today in history (1989), Presidents George Bush and Mikhail Gorbachev officially announced the end to the Cold War at a meeting in Malta. Say yes to peace! 👍

In today's newsletter, we will be covering VanEck, SolidX and Cboe BZX Exchange's latest meeting with the U.S. SEC regarding BTC ETF, the Monetary Authority of Singapore's updated ICO guide and Asus enabling gamers to mine crypto through their idle graphic cards. 

Enjoy today's newsletter, and please don't forget to answer the polls down below too! It's a great way for us to interact with you, and it's always nice hearing your thoughts. 💭 Happy reading! 📚

Oh and another thing. If you haven't already checked out our Telegram chat group...well, what are you waiting for? https://t.me/CoinMarketCap 
Not vibing 😔
From a price action perspective, it wasn't a good weekend. 

In that time, BTC fell below $4,000 to a weekend-low of ~$3,955, rebounded back up to $4,300 before falling back down again to retest the ~$4,000 support level where it is currently trading at (~$4,010). This is the 20th consecutive day BTC has been trading below its 21-day EMA line, indicative of overwhelming strength of the bears over the bulls as of late. However, MACD indicators on the daily chart are signalling slowing short term bearish momentum and that we might soon see a short term bull run. 

Total market capitalization currently stands just slightly above ~$131 billion, down ~$4.8 billion since Friday. Daily trading volume over the weekend was (~$15 billion), as usual, slightly lower than the rest of the week (~$19 billion). The good thing is that average daily volume has been steadily picking up in the 3 months. 

Persistence 👊
Representatives from 3 firms: VanEck, SolidX and Cboe BZX Exchange met with the U.S. Securities and Exchange Commission (SEC) to present a fresh angle on why the Bitcoin market is ready for an exchange-traded fund (ETF). 🗣️ The meeting differed from previous presentations, which focused more on regulations. 

The proponents’ arguments are based on the similarities between Bitcoin and other commodities - where the spot and future prices are tightly-linked, showing evidence of a well-functioning capital market. Additionally, they argued that the bitcoin ecosystem is “less susceptible to manipulation” than other commodities which already support exchange-traded products. 😇

Tweaked and refined 🔧
The Monetary Authority of Singapore (MAS) has updated its guide for businesses that want to raise capital via initial coin offerings (ICOs), which is a follow-up to the announcement of introducing a “New Payments Framework” made in the original draft. 📝

The new guide emphasizes the rules that intermediaries should observe based on Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) policies. These intermediaries include almost every participant that is involved in the activities related to an ICO asset.

In November, the MAS introduced a new Payment Services Bill (PSB) in the Singaporean Parliament, bringing digital currency under the existing laws for domestic and international money transfers and foreign exchange transactions. 👍

Passive income 💰
Taiwan-based tech firm, Asus, is allowing gamers to mine crypto with their idle graphics cards. The company recently announced that it has partnered with mining app provider Quantumcloud to enable gamers to earn “passive income” by allowing access to their Asus graphics cards (or GPUs) when is not in use by other PC tasks. Their relevant earnings will then be paid out via PayPal or WeChat. 👏

The app collectively uses gamers’ GPUs to power cloud-based miners to generate profit, giving card owners a percentage based on the amount of power provided. Asus has stressed that the privacy of customers’ financial data on the app is protected under General Data Protection Regulation (GDPR). 🤫

Other news 📰
  • Intel has won a patent for energy-efficient high performance Bitcoin mining. 🥂
  • Beijing-based cryptocurrency mining company Bitmain has launched a new cryptocurrency index for investors. The index is denominated by US dollars and tracks the performance of some of the “largest and most liquid” cryptocurrencies. 🖊️
  • Ethereum creator Vitalik Buterin has been awarded an honorary doctorate from the University of Basel. 🎓
Poll of the Day
How much do you agree with this statement: "We will see a U.S. SEC BTC ETF approval by the end of this year" 💭
And...not related to crypto, but did you catch the Tyson Fury vs Deontay Wilder boxing match over the weekend? What did you think about the decision? Share with me in the polls! 😆
What you said
"How much do you agree with this statement: "We humans are creatures of habit"

The average vote was 8.6

I would personally give an 8. There is a reason why we humans meet with much resistance when we try to kick old habits and try to inculcate new and better ones. 😠 We tend to find comfort in the familiar. Change requires much work and effort, a new sort of 'pain'. But it is possible to change a bad habit, which pushed me back 2 spots on the 1-10 scale. It takes time and a great deal of determination, which many aren't willing to expend. It involves making a continuous conscious decision/ thought to make that effort, to a point where it becomes a part of your subconscious. 🧠 As such, we need to recognize that we deserve the results we will reap from the change, and commit to the transition. 👍
"Why do you think so?"

You guys said:

I still smoke cigarettes - Those bad boys are really hard to kick. Friends of mine who have successfully managed to kick the habit tell me that the best way to do so would be to abruptly stop smoking them instead of slowly tapering down, and that more so than anything else, it's a shift in mindset. 🧠
Human beings act based on their thoughts and mindset. - We definitely do, more often than not we tend to subconsciously act out based on our habits/ undertake paths most familiar to us, which sometimes may not be the right path to take. 👣
Because we act normally automatically out of a spectrum of inner pre-determined might call it programs which are stored in our subconciouness and we call this a habit - Great explanation. Sometimes we aren't even aware than we are acting within our habits. As a result, it is important to constantly review and introspect on existing habits and think about new good habits to inculcate. 👍
Im in the middle about this one. We can be however it takes only 30days to create a habit so habits can change with the proper mindset. - I hear it actually takes about 6 months to fully integrate a new habit into a person's life. 6 months to take it to a point where you no longer have to make it a conscious effort and would feel incomplete without doing. 😊
You just said it, we are creatures of habit! - Yup I did, but I wanted to know in your opinion, to what extent do you believe that the statement is true! 😆
It is our subconscious self in action of good or bad habits. - Not entirely true. Sometimes, we are aware of them but we still end up doing them. 
Because most people change very little day to day, they do the same things over and over. That can be a weakness as we grow older. Deciding to change your habits for the better will assuredly make you a better person, especially as we grow older. Start a regular strenuous workout program and stick with for six months and you'll know what I mean. - Yes, I think you hit the nail on this one. I think that there has to be a certain level of awareness to know where your bad habits lie and thus work towards mitigating them. We have to come to terms with what our bad habits are, and be open to trying new things to find a way out of them. 👌
Straight up we are - Not always for the better good, I would say. 
We ARE our habits. However, scoring 9 in stead of 10, because in some rare occasion, humans are actually capable of changing a habit or two. - Interesting rationale how you actually ended up clicking a "9." 💭

"Do you consider 'being consistent' as one of your strengths?"

78.9% voted "Yes."
21.1% voted "No."

"Why do you say so?"

Too often i leave my set goal - That's alright mate, it happens to the best of us. 👌 If you have many goals, try to first limit them down to your most pressing ones and work on that!
It's a habit 😉 - Habits maketh man!
Consistency in things of great values is key to success in life. - No better way to put it!
I reflect - As we all should, once in awhile. However, it is important to also act upon what you've reflected. 
I've learned to become this way after being a terrible procrastinator being consistent with a system that works brings success. - Kudos to you! It's great that you are aware of your weaknesses and have worked to improve upon them. 💪
Because in my consistency this underlies the persistence. - To be "Persistently consistent"... I like the sound of that. 😄
Commitment and a proven track record. - Keep it up! 
Long ago I took responsibility for myself. I consistently try to improve on my habits and am pleased with the results. - Do also try and teach others your ways. It's always a good idea to lift up the people around you. 👐
I do not quit - You can't beat a guy who keeps standing up. 😉
If it works, stick with it! - As my old tennis coach used to say to me, "Never change a winning strategy."
Good question. I prefer a consistent lifestyle, with the occasional adventure - A life governed by good habits is a good enough life for me. 

"What are your plans for this weekend?"

You guys said:

Watching soccer and sleeping - The EPL had some pretty interesting matches during the weekend. The Arsenal Tottenham match was really exciting. 👀
Monthly accounting. - Weekend administrative work - a mundane necessity. 💤
Working out getting a Christmas tree and relaxing - Getting a Christmas tree is always exciting. Having one in your home for the festive season really adds to the vibe and mood. 🎄 Love it! 
To study the cryptocurrency world closely and invest wisely. - Never a bad choice. Continuous learning is a huge part of the success concoction. Awesome that you are spending your free time doing something productive! 👍
To be with my family - Something many of us are guilty of taking for granted. 😞
Finishing my final sewing project to pass my hand sewing class and producing a live stream for a pop up shop - Hmm this is interesting. Having a live stream for a pop up shop can be a great way to increase exposure for your products. The possibilities are endless as you're able to potentially reach a global audience. 👍
Invest in Cryptocurrency, renovate bathroom for my wife! 🙂 - Sounds like a neat surprise you have in store for her. Lucky woman! 💖
Be with my family and clean my rain gutters. - Why not clean the rain gutters WITH your family? 😊
Work hard yo invest the earnings of my part time job into criptos - Setting an automatic recurring monthly buy order on Coinbase is a great way to ensure you commit to a monthly investing. Do look into it! 📈
Lots of pursuit of blockchain info! - Acquire more knawwledge - Tai Lopez. 🤓
Nothing extraordinary. Read a book, ride motorbike, go hiking and have lunch with friends - Sounds pretty exciting to me!
Tomorrow movie & making pizza at home.. sunday sleep, sleep, sleep.. - I like how you're using Sunday for some alone time. Personally, I need a day out of every week to myself so I can unwind, reflect and prepare myself for the upcoming one. 

Thank you all for reading thus far! Catch you back here again tomorrow! 💙
See you tomorrow!
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Fight through it 👊
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