Crypto Rally Coming? Venezuela Bans Mining Equipment
The recent pattern in the market has resulted in an inverse head and shoulders formation, a very bullish piece of technical analysis. Can the bulls take charge and make it happen? Comment below.
Alan Lane, the CEO of Silvergate Bank, is an angel for crypto businesses. His community bank refuses to shut down crypto business accounts. He has been a safe haven for entrepreneurs in the industry.
Brad Garlinghouse, Ripple CEO, says that they are signing up roughly one bank per week to ripple related products. He feels the landscape of crypto is about to change to a more evolved market in the coming years.
Venezuela, the country that suffered inflation north of 14,000% in the past year, has banned the import of crypto mining equipment. In an effort to stifle the citizens from mining cryptocurrencies on the socialized free power grid, authorities are blocking graphics cards and ASIC chips at the point of entry.
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Hi connor kenny i am your lucky follower from Venezuela
You're right about its a horrible country to live right at the momment, our president is just crazy. Steem and steemit is a huge support to people who lives here.
99.99 % of its value over the last five years wow just crazy.
This is so sad, I have been to Venezuela and I cannot believe what is happening there. With the amout of oil your Country has there should not be one poor person, I hope it improves soon for you all.
mara0507 - fingers crossed for you and all normal people in Venezuela:)
He is very right about this actually, however, i dont think its time for a bull yet, according to my recent studies, the correction lasts for a while, gains an uptrend for a little while then goes all bearish for a longer while, it bleeds, then corrects upwards. So a little more time of correction, then the final bull run
In 2013 BTC went from $2 to $266 in April then corrected to $50, then 8 months later hit $1250. Not sure about your research. You could be right, but I wouldn’t be naive about how much fiat the institutional investing will bring in a short amount of time.
Lol, this ban might impact the market for a short while, but I think we have been seeing red colors for way too long. Something tells me June is going to be a very good month compared to the last few.
A lot of amazing things are taking place with all the innovations that cryptocurrencies are bringing to us. It's only a matter of time until it all picks up in the market.
I, as a newbie to bitcoin, appreciate this episode. A few of my friends have been horrified that I am interested in bitcoin. They believe it is all about the dark web and crime. I don't dare tell them I actually bought a little! I sure didn't go to the "dark web". I want bitcoin more to use as currency than to invest, though, for political reasons. I am so frustrated with corrupt bankers
There was an opposite news from Prague which installed 10 BTC ATMs and there are now a total of 50. I am sure more countries will follow them and those who are banning now will also join when they realize it.
i can tell you that they are stealing the mining equipment to mine themselves because they are so inept they can't even manage to extract oil anymore, our whole oil industry is breaking down because every person that knew how to operate the machinery left the country and now we have these donkeys running the oil company that only manage to set our refineries and extraction points on fire every 2 weeks
In NY the weather is not that nice. It’s rainy and it will be for few more days. But I don’t mind this kind of weather. In crypto it’s a different story, nice weather is always welcomed. With that said, crypto is not having that rainy day at all. Nice consolidation! I hope this reversed H&S will eventually get confirmed by upside breakout as we are about to form right shoulder. Whenever that happens Im being patient and accumulating at any dip. We as well can get a failed breakout, which could shake out many weak hands and that’s what the smart guys (big money) are wishing for. They definitely won’t shake me up. I have learned my lesson many times before already and won’t make that mistake anymore. Every penny I invested I can afford to loose. This gives me confidence I need not to panic. I would definately feel much better if we get to $50k as JM’s target is. That would boost everyone’s confidence by a lot. We need crypto heroes, especially now and I’m glad there is many of them. Ripple is not one of my favorite coins, whatever it’s CEO says is not that important to me. Even though he might be right about bitcoin’s influence on almost every single coin. Of course it could change in the future. That’s why I’m diversified, which is very important to me. When it comes to Venezuela 🇻🇪. As of now, crypto is people’s only chance to get out of this hole. I wish them the best.
Congratulation to @bullet97!
Great video as always!
Most Venezuelan people use Cryptos because of the inflation occurring in their country and they save their money for Cryptocurrency to make it safer they say given the fluctuations in their country.
I always feel a bit better after watching your videos.
Bulls where are you, come on. We need moons!
This is what the market is needed come on we on the way to the moon