Bitcoin and all digital currencies have taken a major nosedive as a result of a new decision by the overlords in China’s central bank. The prices have come down significantly in a short period of time and it’s really putting pressure on the future of Bitcoin and the rest of the currencies. What will happen in the near future?
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Sources Used in This Video:
https://goo.gl/UpprQe
CryptoCurrency Market Capitalizations
https://coinmarketcap.com/
http://www.miit.gov.cn/n1146290/n4388791/c5781140/content.html
https://www.coindesk.com/china-outlaws-icos-financial-regulators-order-halt-token-trading/
China's Central Bank Declares Initial Coin Offerings Illegal - Bloomberg
https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
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Give me your opinion, are digital currencies created by central banks, financial establishments as a trap? Or are they simply trying to make sure these are never going to compete with their fiat currencies?
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Many good cryptos will get right back to it and create a multi trillion crypto blockchain industry for a better world for all humanity!
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My hope is that most of the cryptos will go away and more money and infrastructure goes towards the stronger ones. Too many of them are diluting the benefits of the real ones.
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I think Bitcoin is a created by US agencies and can have many reasons for it.
https://steemit.com/bitcoin/@chrisborg/bitcoin-is-a-cia-nsa-operation
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that would be hilarious tho
as its completely spiraled out of control at this point
"we created a monster" they say lol
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I could definitely see the elite bankers trying to create something like this. They know all fiat currency will eventually fail. I don't always agree with Chris from TruthNeverTold channel but I do think he makes some valid points when it comes to criptos.
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I could definitely see the elite bankers creating something like criptos to take over for when, not if, the Dollar falls. They know all Fiat currencies always will eventually fail.
I don't always agree with Chris at the TruthNeverTold channel but I do think he makes some valid points when it comes to criptos.
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In your opinion, what do you think will happen as a result of this decision with China?
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All will be fine soon again, just a bump in the road to a better humanity.
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this is a joke but maybe itll start a revolution in china? lol
but no really i think if this somehow sets a global precedence
and other countries do the same
this could potentially be very bad for anyone participating in crypto
US citizens who dont see this for what it is and arent invested dont care either way
its the same with any other issue
and they are completely willing to let the govt make this illegal cuz it doesnt effect them directly
so its basically the same thing as china here just not today
kinda sad as my life has been made so much better from crypto
i have been able to do so much more and be far more productive in society
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Good notes here. I'm just really interested to see it all.
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I like the fact that you have something to say...
A lot of people leave one word replies...
@pocketechange
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ICOs have always been and always will be a problem
the concept traverses into other arenas as well
but the end result is the same the majority of the time either way
eth is one of the few ICOs still around this long after inception
and is the only one to do so well
and ICO on the eth chain is merely riding its coat tails
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Good points. We need to see less of these ICO's. I believe they're giving a bad name to the established ones.
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Ya, I heard about this. But the cryptos needed a pull back don't you think?
Thanks bro! Watch your money GPS channel daily. Even tough I'm not a trader, I still love to be informed.
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For sure. I'm glad this happened. I would really like to see a 50% pullback. That would be a much safer place to be.
Thank you for the support!
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If you're serious about being informed, I have information on my Posts that aren't being talked about, anywhere yet...
@pocketechange
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People better start waking up and turn their Crypto's
into Pocket Change... Read about my PC Theory...
@pocketechange
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I this a good opportunity to buy some cryptos? All are going down.
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I would like them more if they would drop much more. A 50% pullback would be great.
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lol... How about looking into the possibilities of Pocket Change...???
You can "still" get One Hundred Cents for a Debt Note Dollar...
@pocketechange
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I don't want FIAT currency...What can I do with "Debt Note Dollar", I prefer silver.
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I like Silver also, but Silver no longer works as an every day Medium of Exchange... I think you'd be better off reading a few of my posts... Physical Common U.S. Coinage is where the Transfer of Wealth will occur in my opinion...
@pocketechange
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It will go back up. China has their coin in the works along with the fed coin ACC.
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Get freaking real. Almost a flag for the misleading headline.
BTC is still up 600% for the year, 40% for the month, and 4% for the week.
And that is a massive dive??
You must be one of those worthless government finance twits from Washington, that believe a slowing rate of increase is the same as a decrease
STEEM On!!
DaveB
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It's a good day to buy. So far, crypto has surpassed any other long term investment I have made.
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