We see that Bitcoin is dropping much less because of the planned Trading-Stop in South Korea than other AltCoins like Steem.
Bitcoin has no other function than being a global ledger which can be used basically only for payment purposes. If there was no exchange anywhere in the world to allow it to be changed to fiat, there would be no reason to hold it.
Generally this payment function has been quite affected anyhow, as high commissions and slow transaction really render it unusable. Still people buy it though because of the strong brand and great liquidity.
Currencies like Steem could survive such a global trading-stop, if the social media outlets where it is been run, like Steemit would increase in popularity and having influence in that community would be something quite valued.
I think the majority of Alts have some other usage than just being money. Ethereum can be used for smart contracts and so on, allowing for systems like Veritaseum to run, which represents an independent value as well.
China
The last time trading was forbidden was in China. Did it have much of an impact? I suggest not, it reached All-time-highs after that... I guess that this time it will be the same. This article is about a global trading-stop with no country left to allow it. It does not seem though that Japan will back-flip. But if every country wanted it to stop, Japan could be under a siege. With sanctions and everything.
Mining-Stop
A short comment about the mining-stop in China.... it is ridiculous to have PoS coins drop stronger than PoW coins because of it. Even PoW-coins should not be affected, only the miners in China negatively and the miners outside positively...
Disclaimer: Everything here is no investment advice and just my opinion.
I wonder how long it will be before we here of the first countries sanctioned fr either allowing trading or mining of crypto. I am surprised that the powers that be are not hammering the North Korea is using bitcoin narrative yet
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is unstoppable, it is the decentralized engine, though transactions are public. But untraceable currencies such as Monero are poised to capture a decent part of the market share. Stay thirsty my friends.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This has been in the news for about a month and we have the ICO have record run. so buy the dips again .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I believe mining to be a thing of the past 5-10 years from now, except for a few applications where it's especially designed for it. Besides, crypto's are just one of many utilities the Blockchain provides, something we will soon come to realize...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post.Thanks for share.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You are absolutely right, many coins have their potentials that are not used to the full and that Bitcoin, by his volotility, bypasses many coins, gives him the advantages in the market. Of course, China is promoting its line, but that will show the time. We need to promote the Steem and we can achieve a lot by common efforts! Thank you @mexbit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitcoin is relentless, it is the decentralized motor, however exchanges are open. Be that as it may, untraceable monetary standards, for example, Monero are ready to catch a good piece of the piece of the overall industry.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
a friend of mine just told me about this recently. it makes sense now!!!
Thank you !!!
Resteemed and upvoted
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@mexbit
nice post dear
Upvote & resteem buddy.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This has been in the news for about a month and we have the ICO have record run. so purchase the plunges once more
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow! Great and amazing post sir.
Thankd @mexbit for sharing this post.😊
Upvoted & Resteemed your post!!💚
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't believe that this global stop trading will work because many people are getting to know about bitcoin
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
japan will not let that happen for sure they bring that revolution to this world
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hey friend @mexbit you have collected BTC and STEEM statement,presented some awesome and very useful information. i am very happy on this article.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't believe in this global stop trading of bitcoin because many people are getting to know about bitcoin everyday by day.just like what you said.china tried to stop it though it affected the price heavily but at
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good information and very interesting,you are doing very perfectly and great. This will help us to make it easier for us to understand that. Thank you for sharing.
upvoted // resteem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, cryptos that have some sort of use instead of only being money, should dominate. Bitcoin only survives because it's the most known crypto, but in terms of technology, it's slow as fuck. There are so many cryptos that are way better than bitcoin...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great topic. I agree sir. your opinion is so good.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i think you write a great information....thanx for share it..... i wish for your best of luck brother .....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@mexbit - You are absolutely correct Sir... But Sir, I think STEEM, BTS are the future of crypto world... One of my good friend built a mining rig for ETH & he said power cost is huge & no gaining a good profit either... So, I think it will happen all over the world Sir... Result is Alts like STEEM & BTS... What do you think about it Sir?
+W+
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great post bro i really like this type post becuse this post is very helpfull ...wish you best of luck keep posting....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@mexbit good newsIn fact, for a little bitcoin, there's a lot of other types of goods (most of which are still illegal) besides drugs that can be purchased on DNMs. ... If these free accounts are not enough, DNM visitors can also purchase stolen gift cards, credit card credentials, passports, and social security numbers of the ...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto/BTC is a great way.The earliest way to get rich and not just make money with crypyo is to buy BTC and hold for year or two..........
..............................................
Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around..............................
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
welcome welcome hi i am julie from oz! new shinning star of steemit community! analyst of crypto! any one need help in crypto ! i will help! i would also like to follow crypto experts!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@mexbit, I appreciated your effort to giving more about cryptocurrency opinions to the community. Its better assistance service by you. All of know Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency. These days BTC goes little dip. But compare with other cryptos BTC getting low dip percentage more than others. Because Bitcoin was the first cryptocurrency to exist, all digital currencies created since then are called Altcoins, or alternative coins. Litecoin, Peercoin, Feathercoin, Ethereum and hundreds of other coins are all ALTs because they are not Bitcoin.
One of the advantages of Bitcoin is that it can be stored offline on a person's local hardware. That process is called cold storage and it protects the currency from being taken by others. However Bitcoins remain incredibly popular as the most famous cryptocurrency over time. BTC has strong brand and great liquidity. So most investors like to trade.
Thank you to newbies ngve adventue.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@mexbit sir...
Digital money can make us rich to deal with ourselves. I genuinely trust that. Be that as it may, what I additionally accept is that it will influence us to sufficiently fit to serve the penniless also.
It is absolutely difficult for all to give. Every one is battling in their own specific manners. In any case, that is the magnificence of life is it not? One who has seen the intense time will identify towards the one enduring. Such a one when independent can promptly consider helping other people. When I put in endeavors to gain, I should put in little endeavors along to share.
One might be poor out of absence of education, another might be expected life's weight of overwhelming obligations, another might be out of sheer apathy and some might be not able meet the sudden needs of life. In any case, the truth of the matter is same. They all need assistance. From numerous points of view it can be tended to...
Cheers~~~
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
We are waiting.Hope everything will be fine soon!!!!!!!
-cheers-
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i agree with what you say sir :) i dont think that banning this sort of great technology is the best think that they can do :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
truly depends upon the btc dominance
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you very much
I am glad I found you article
I am interested in the bitcoin
I will definitely buy a few and make an exodus wallet too
It seems to be a very good useful coin
Thanks again
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the update and good news.
This is very impotent information and useful.
Cryptocurrncy steem is the good valuable post and Great writing experience .
Thanks @mexbit
Have a great day
Resteem
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is great article and great topic. I agree sir. your opinion is good.
Resteem
@mexbit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for share your valuable informative post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This has been in the news for approximately a month and we've got the ICO have document run. so purchase the plunges over again
@upvote
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
every time this happens but if sbd gets low on supply it could boost steem very much
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
bitcoin forms the basic core for the basic transfers so this will always be affected no matter what if we bought steem in place of that which is not possible then we could change the things
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Outstanding post about bitcoin trading market. Thanks for sharing
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
these coins drop more harder than my high school grades hahah
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
steem should be unaffected from all of these its interesting from other tokens
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
steem is multi talented currency can be used anywhere
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
china always play some big games i think we should remove china from crypto forever
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i am just watching the market doesn't seems to be good for steem too
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
which coins do you think are better for long lik POS or POW ??
resteemed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
as you said, btc is a global brand & it has nothing to do with alts price fluctuations. but having doubt about pow proof type. people are moving to pos & dpos. so what you start discuss today is highly valuable content. impressive post @mexbit
@resteemia
reteemed & upvoted & commented & followed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit