10 good news for cryptocurrency investors.....
- Singapore just announced it has no intention of making crypto illegal.
- The market is still 3x what it was 6 months ago
- Australia's big 4 banks have no intention of barring people from buying crypto.
- Banks are starting to use crypto for cross border payments.
- The stock markets are down $1 trillion this week, crypto markets are doing better.
- Bitcoin ATM installations are on the rise.
- Singapore airlines wants to use block chain tech for it's loyalty program
- Europe’s Largest Utilities company is ready and willing to Sell Renewable Energy to Cryptocurrency Miners.
- Bittrex about to reopen user sign ups and add USD trading option.
- CFCT chair declares that the aim is to protect the consumer with a "Do no Harm" approach to regulation.
What the news says and what the news means can be 2 completely different things.
While many people may feel that they got burnt buying bitcoin in December, the reality is that this is still a normal correction. No one wants to ban crypto, Tier 1 Countries have no desire to ban crypto, the world is still preparing for mass adoption, banks are not preventing people from buying crypto, big institutions are using crypto daily, the SEC aim to protect consumers against fraud in crypto and the crypto market is still larger than what it was 6 months ago.
What does all this mean?
A lot of the news in recent times have painted a rather grim picture of the crypto space - there's a lot of FUD (fear uncertainty and doubt) mixed in with fake news and rumours that fuel negative sentiment.
Take everything into consideration from a holistic point of view rather than focussing on the scary bits.
The one bit of news that needs clarity is the fear that banks are helping to 'ban' crypto by preventing people from buying crypto - this is simply not true.
Banks are stopping people from buying crypto using credit cards because frankly, it doesn't make sense that people use credit to buy other money. The banks also need to mitigate credit risk and fraud by taking this stance.
So now that you know, doesn't the future seem brighter and so much more exciting?
Remember, it's always darkest before the dawn.
(((((((((((((((((((((()))))))))))))))))))))))))))
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awesome article and very well written. i like how you ended it and I hope that you are right. It seems that there are crack downs everywhere from a regulatory standpoint. If you're interested, take a look at some stuff I've written recently about the regs and feds :)
thank you for reading
i will visit your page and will be read your articals
and i already follow you
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Thanks for raising the spirits a bit. Anyway, I guess you should (almost) always act against what the banks and official institutions predict. :)
no , i never act against any bank or institute ,
I always write only what I think.and i always think positive .
That's good. 👍 I also don't act against any institution (it would be ill-advised for an individual to attempt that), but whenever I take some time off and reflect on my life, I never seem to be in (any serious) conflict with my neighbours, my family or any other people in my life for that matter, but quite often with different entities trying to institutionalize my life: schools want to manipulate my knowledge, health care system wants to tinker with my health, the state passes legislation which makes it mandatory for me to succumb to the will of the two previously mentioned, the curch is trying to mess with my faith and beliefs, banks try to gain control over my assets, etc. And the problem with these centralized institutions is that they are not people, they seem to be insensitive to human emotions, desires or positive thoughts. That is one of the reasons I find this blockchain decentralization so fascinating and promising. All in all, I hang on to anything to keep my optimism going. 😃
you have to see things very deeply ..
whats next..?
Nothing. Just keeping my fingers crossed.
See you around. Looking forward to more of your posts.
thank you very much ,you are interesting personality.
nice to meet you