Bitcoin Battered To Fresh Lows After Twitter Joins Crypto Ad Ban
Content adapted from this Zerohedge.com article : Source
The social media ban on cryptocurrency continues.
Facebook started the process a couple weeks ago by banning any cryptocurrency advertising. Google joined the fray with a ban of its own starting in June.
Twitter is now getting in on the act.
Sky news reports that Twitter is preparing to prohibit a range of cryptocurrency advertisements amid looming regulatory intervention in the sector.
The microblogging platform is following similar moves by Facebook and Google which have restricted financial advertisements due to concerns about illicit activities.
Sky News understands that the new advertising policy will be implemented in two weeks and currently stands to prohibit advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally.
The reaction was swift, just as we have seen to the other crypto ad bans... smashing Bitcoin back below $7500 (into mystery-dip-buyer territory)
Ethereum and Ripple have fared worse than Bitcoin.
Non-adapted content found at zerohedge.com: Source
When ever is a bad news the good new is followed believe with I know time cryptocurrency will be the winer. Let just say strong with cryptocurrence.
You can not ban bitcoin. Bitcoin don`t care
Honestly, if it's true that value/price is dropping because new money cannot come into the market due to ad bans on social media, that's a little scary. If people are investing in something because they saw an ad on Twitter, that's, uhm, kind of stupid. I don't want stupidity to be the reason for a rise in price.
Said another way: if the price of Bitcoin declines because stupid money is no longer being attracted to the market, that makes me feel a bit stupid for investing in the first place. :) (Not that I've invested much.)
I hope that's the last of the bad news for a while. I'm going to keep HODL'ing, but it hasn't been fun getting my @ss kicked over the last two months. I like the crypto market a lot more when my assets go up 20%/day, not the other way around.
It's a very bad news for cryptocurrencies..
If the only way to is to move forward, then this is just a bump on the road.
LOL, I guess we will see even more bans soon, because every media follows up out of fear. I guess the market will go down even lower than any of us thought, because the FUD is spreading really fast on every way possible. Ban those ads all you want, nothing ain't stopping cryptos in the end!
I'm doing research now to switch to Zappl, the Steem version of Twitter. Twitter has been spiraling down the corporate, authoritarian, information control and sales vortex for a bit now. I'm very disappointed in Google, Twitter, and Facebook as I hear of almost daily violations of the free flow of information and of our basic 1st and 4th amendment rights.
Has anyone got any experience using @zappl?
Image via Zappl.
#zappl #twitter
Yes I use Zappl regularly.
The one drawback is that it appears on your steemit blog, which is not a problem if it is used judiciously. However, for full blown zapping like people do on Twitter, it isnt there as of yet.
It is a handy app...sends out up to 240 characters....there use to be a limit on sending out once every 5 minutes...I dont know if that was lifted or not.
I believe that started in October so it is still a relatively new application and like D.Tube, makes strides with each update.
Thanks. I appreciate the insights. I'm looking to find ways to remove rewards from companies that are in opposition to my values. I don't use twitter heavily, so I expect such a transition might be easier for someone like me.
Thanks a lot for sharing your valuable post..Keep it up...
I put it in your other articles, worst times are coming. People should just brace for impact. But I believe somehow, this is good for the future of the entire markets.