[Video Blog #100] - ICO Bans, Verge & 500 Aussie Bitcoin ATMS (Cryptocurrencies)

sebastianjago (66) in video • 7 years ago

Please watch my video for my perspective and review.

WOW, we have had a rocky few days.

Market dropped from 176 billion down to as low as 140 billion with news of China banning ICO's until further notice with legislation soon to be enforced.

This is a healthy correction and we should see an uptrend occur again soon however lets allow the dust to settle first.

Keep your eye on the market cap to gain a true perspective of the trends and remember this market swings in both directions very fast.

Read Full Article on how China has banned ICO's.

Good signs in Australia in regard to mainstream adoption and legitimacy of this entire space and it starts of course with Bitcoin.

Currently Australia has 20 Bitcoin ATMS with a further 500 being installed around the country which is huge news for crypto and for Bitcoin enthusiasts.

I actually have a Bitcoin ATM not far from where I am however at this stage I am not currently spending my bitcoin rather it is a long term investment.

Read Full Article Here

Things can only go up from here I feel and we should see some aggressive movements after this correction and the 40 billion that exited the market renters with some ferocity.

~ Sebastian

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7 years ago by sebastianjago (66)

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okja (61) · 7 years ago

Thanks for the info. Seems China may be ok with ICO's now. Neo is back up big today. Things are looking good again. Followed and upvoted. Im a new follower to your blog.

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sebastianjago (66) · 7 years ago

Great review on the situation if interested -

. I feel we will see a Chinese surge in 2018 once they have regulated everything in teh favour of the communist party of course. This is why decentralisation is so important. #makegovernmentirrelevant

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blazing (70) · 7 years ago

china just made a flood of red in the market !!!

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wendybretherton (33) · 7 years ago

I agree with everything you said. I think this was a coordinated take-down of the price in order for the big hedge funds/big money to get in and shake out the weaker hands. I see this as extremely bullish

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sebastianjago (66) · 7 years ago

Market still being manipulated due to the small size of the market cap in relative terms to the entire financial market. Big boys have billions to play with.