This is Altcoin news, from the world of Cryptocurrency. Today we look at if bitcoin is the new gold. Is it really a currency or a store of value? Is bitcoins reign as king of cryptocurrency in danger? Bitcoin tanks as Facebook bans cryptocurrency adverts. South Korea says no plans to ban cryptocurrency exchanges, uncovers $600 million illegal trades. Bank pulls support for cryptocurrency platform Cryptopia. Tether and Bitfinex are rating eyebrows in the cryptocurrency market. We also look at updates on Ripple, VeChain and Cardano.
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Funny I logged onto Facebook today for the first time in probably a week and the first thing I saw was a BTC Ad that stated "Make .5 BTC per Day" lol. And I wonder why they're banning them. What's interesting is all we need to do is educate ourselves on the crypto market (i.e. watch AltcoinBuzz) and invest in coins/technologies that you believe in. You probably won't make .5 BTC per day.. but you should make money in this market as long as you hodl.
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Although you did not mention NEO in the video, I think that NEO is the new man on the block. But If NEO is to succeed, NEO needs bitcoin to succeed as well. Bitcoin's scaling issues will be solved via the Lightning Network, which is actually essential for the growth of the entire crypto market.
All in all, I think we are just going through an accumulation time. The whales are accumulating while it is calm before the storm that will be coming as we get closer and closer to Summer. Stay calm and strap in, we are in for a long ride!
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@steemaze for expanded post!
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Great video Shailen. I'll be checking out @steemaze post as well. Much love @altcoinbuzz team
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Coins mentioned in post:
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Thanks for the update. I am definitely feeling like the tether situation is pulling the market
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