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On today's show:
I would like to share with you 5 good news stories about Bitcoin and cryptocurrencies to help balance out all the negativity everyone seems to be focused on. So let’s focus on what we want, rather than on what we don’t want.
If you do decide to go shopping for cryptos any time soon may I recommend Binance, my favourite exchange right now.
https://www.binance.com/?ref=10890655
1:03 Story - Past sell-off were follow by 150% rallies within 84 days
https://btcmanager.com/past-sell-offs-followed-rallies-150-percent-within-84-days-tom-lee-remains-bullish-bitcoin/
So there is fellow called Tom Lee who was JP Morgan’s top strategies for equities before he co-founded Fundstrat Global Advisors back in 2014.
He is one of the few guys on Wall Street to be open and willing to make crypto price predictions.
2:42 Story - Bitcoin ATM Installations Now Outpacing Regular Bank ATMs
http://bitcoinist.com/bitcoin-atms-installed-prices-plummet/
Key infrastructure to allow money to flow back in.
The main downside to Crypto ATMs are the fees which can be as high as 10%.
4:17 Story - CryptoKitties Coming To Mobile
http://bitcoinist.com/cryptokitties-bite-back-mobile/
The article is written with a strange tone, however they make one good point here.
Also if you are into CryptoKitties:
https://www.cryptokitties.co/my-kitties
Kitty #500,000 is about to be born.
6:04 Story - Australia’s Major Banks Confirm They WILL NOT Be Banning Bitcoin
http://bitcoinist.com/cryptokitties-bite-back-mobile/
6:59 Story - Hearings By The US Senate Today On Virtual Currencies
https://www.banking.senate.gov/public/index.cfm/2018/2/virtual-currencies-the-oversight-role-of-the-u-s-securities-and-exchange-commission-and-the-u-s-commodity-futures-trading-commission
This is due to be livestreamed so if you’re interested you can tune in to that.
One person on Reddit…
Posted links to 2 documents that are pre-written testimonies that have been prepared for this hearing.
The fact that the files are hosted on banking.senate.gov lead me to believe that these are authentic and give us a sneak peak into what they are going to say.
As you can imagine they are quite length so I haven’t read them myself yet but this Redditor summarises them by saying the SEC intends to keep an eye on scammy ICOs but other than that no crazy regulation.
I personally want to see if anything else comes out in the official hearing so we’ll see what happens later today.
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I see the Bitcoin ATM installs as a good thing. Like major companies getting into mining. The more infrastructure behind all of this the better.
No better time to watch this video than now when it's a deep blood red in the crypto space.
The future of currency is digital Thank you @marketingmonk for calming the nerves of both experienced and inexperienced investors.
Thanks for this video, I feel better now. The negativity was just too much.
Fortunately there are people like Chris who has a perspective that is ideal for trading, or IMO, even for living. He like the others are why I follow these people in particular. It keeps me focused.
It’s common for US House or Senate hearings to release a statement ahead of time which will then be read into the record to commence the hearings. This sets the tone for the hearing, forming the basis for the q&a sections that follow. 100% reliable when sourced from the proper site, as you did.
hey, Thanks alot! We need that balance. This digital currency and blockchain technology is no doubt the future. The regulations are a must for Crypto to go mainstream so lets just adapt , adjust and hodl for the ride. Thanks bro for holding us Steemians up in the downslide. will be checkin ya next post...H
and Thanks again...! This is truly a people's platform. in Appreciation..H
Thumbs up if you bought Bitcoin at $10k, like me, thinking you got it at a discount, and now are looking at an almost 30% loss......
That is, if you sell it now.
Have a chuckle at these tense times!
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El bitcoin todavía es fuerte, hay es que tener paciencia, y el tiempo nos dará la razón, sigamos adelante que las cosas van a mejorar.
wow this is amazing ... thnx for this budy cheers 😊
Thoughtful outlook, just what is needed.
Very good picture and your story
Keep calm and HODL on!
what did they say at the usa senate today in the end?? was it good news??
When you spoke about crypto kitties, you mentioned China being able to use crypto kitties with the mobile app, but you were wondering how would Chinese be able to buy ETH. I live in Beijing and there are OTC apps, people do need a VPN to access them, but can pay each other via Alipay or Bank Deposits. There is actually lots and lots of users on there, you can take a look at the site is called coincola https://www.coincola.com/mobile/signup?ref=NpfxtXHu I know people who have used it before and its very easy to use. So there is a way for people to buy ETH, LTC, BTC, and BCH in China. Cheers and thanks for the great content you always bring your audience.