A Brief Sell Off Before The Big Push
A big question I find myself asking now is what is happening to all the crypto that China currently owns? Will it just be dumped on to the market? Or will people secretly hold it ? Has it been lost never to return?
Today we saw another pretty decent crash of about 10% not really based on any news or anything just simple low demand for bitcoin.
However I see a positive trend happening such as Expedia announcing they are accepting bitcoin which is a large travel booking company. Also a house was just recently bought in Texas with bitcoin and so much more positive news coming out its hard to think it will continue this downward trend.
Also Ethereum is moving along nicely with no issues so far for its Metropolis update which is currently in Byzantium and supports ZK-Snack which is helping boost ZCash.
Expedia "is not" accepting or should that say "is accepting" if a positive event?
I don't think there's a lot more China dumping left to be done...would think the panic selling mostly occurred already and the fortunate citizens were able to find a way to move their coins out of country to hold onto...
More concerned with mining operations and how they may be impacted...whether they mine and dump or have a slow down validating transactions until things are sorted out...
All fixed up thank you small type can make a big difference lol
Didn't want a good article to get mis interpreted...
I hope you are right, before I go mad. Haha.
I like your post. @bitcoinflood I have followed you
awesome post.please follow and vote me friend.every times I with you. @bitcoinflood
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Hi ,
Thanks for sharing
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STOPAnother piece of overlooked news, in my opinion, is the fact that the first Atomic Swap was completed the other day. To me, this moves cryptocurrency closer to being money.
The Chinese dont want to ban or eliminate bitcoin or cryptocurrencies....they want to control it. Look for the exchanges and mining operations to be state owned.
I am glad you bring this up.....market prices fall, often for no apparent reason.
Very good article. Nice to see I'm not the only one who thinks like this. Sell the coins that you know nothing about. Do proper research on any coin you buy. If the market falls at least you can hold your coins knowing they have a long term future. I really advice people to take a look at: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. On: https://www.coincheckup.com/coins/Zcash#analysis To see the: Zcash Detailed report.