Bitcoin and altcoins today - Interesting infos.

in #cryptocurrency7 years ago

Hi everybody,

Hope you are having a good day! If you are in crypto trading probably not that much since everything is a bloodbath right now!!
Screen Shot 2018-03-18 at 12.46.55 PM.png

But don't despair! all these drops are also an opportunity, since new lows are always good to buy in! Nonetheless I would wait since the G20 summit is just around the corner and this will bring news mostly on regulations, which are good, because once regulated the people and more important the financial institutions that today look at the cryptomarket with distrust will feel more comfortable to get in.
https://www.coindesk.com/g20-delegates-will-seek-common-response-crypto-talks/

Also note that there are already financial institutions such as Goldman-Sachs, that trough a parent company (start up) has bought up Poloniex (mayor exchange) for 400 Millions and the rumour is that they want to get the exchange regulated by the SEC so to start getting the big investors into it.
https://www.reuters.com/article/us-crypto-currencies-circle/goldman-backed-startup-circle-buys-major-crypto-exchange-poloniex-idUSKCN1GA1N4

And in May there will be the Consensus meeting which represents one of the most important Blockchain meetings in the world.
https://www.coindesk.com/events/consensus-2018/blockchain-week/

We can expect a reversal in trend at latest by then and the start of a new bull cycle. So Hodl on tight my friends that good times are ahead!

Good trading everyone!

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