Today's Crypto News
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((((((Disclaimer))))) NOTHING IN THIS POST IS INVESTMENT OR FINANCIAL ADVICE.
Hello Steemians here are today's crypto stories in the mass media. Innovation! Regulation! FUD! Today's news has it all:
Google bans crypto advertising
image source: propakistani.pk/2018/03/14/google-is-banning-all-cryptocurrency-related-ads/
Joining Facebook in banning advertisements. I wonder which banks paid them to do this? Legitimate companies are not permitted to advertise ICO's, trading advice or even wallets. Google wonders why people hate them. Looks like it may be time I dump Gmail. I don't think I have ever bought anything from a Google sidebar ad in my life anyway.
Bitcoin "tanking" after Google news
Todays FUD. It fell below 8000. I remember buying Bitcoin when it was 500 dollars. It's all relative. These stories always appear, it's the end of crypto etc. and a they bounce back soon after. Crypto isn't going away. One week Bitcoin graph:
source: fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/charts/2018/03/1521031324_coindesk-bpi-chart.jpeg
https://www.cnbc.com/2018/03/14/bitcoin-falls-below-9000-after-google-bans-cryptocurrency-ads.html
Coinbase adds crypto tax calculator
Image source: smartereum.com/wp-content/uploads/2018/02/tax-on-bitcoin-810x608.jpg
It is going to be a nightmare to report this stuff with Steem. Its not like buying Bitcoin and selling it 3 months later for a profit. I make a dozen transactions a day, buy, sell, convert. A nightmare. Great help for average crypto traders though, if they report it.
https://www.investopedia.com/news/coinbase-introduces-cryptocurrency-tax-calculator/
Company develops a stock ticker type of software for crypto
Image source: amp.businessinsider.com/images/5a8e79e85124c9407326fb8d-750-537.jpg
I actually kind of think this is cool. Better than hitting refresh on Coinmarketcap. I think it makes us look more legit too. It's probably not something I would spend a bunch of cash on myself, but business with a crypto scene, or even just where they accept crypto could benefit for sure.
Today's mining malware story
image source: cryptomarketo.com/wp-content/uploads/2018/01/bitcoin-miners-e1501159320776.jpg
The media is really latching on to this. Evil criminal masterminds are making Monero with your computing power! 8 million "attacks" a week versus almost zero last summer. I guess those anti virus guys need to get on this. But the article again tries to pimp the idea of regulating mining, which isn't going to be easy, and maybe impossible.
Congressional hearings into crypto in the USA
image source video-images.vice.com/articles/5aa9547fbf900f000611f78f/lede/1521046730646-Screen-Shot-2018-03-14-at-125659-PM.png?crop=0.8369377420315758xw%3A1xh%3Bcenter%2Ccenter&resize=1250%3A*
The debate is still if crypto needs specific regulation or if existing regulations should just apply to them.
What about no regulations? Why does the government need to regulate everything? I can speculate on all sorts of things with no regulations, why are digital coins different than me buying a painting and speculating the artist is going to make it big and I can sell it for a million? I don't understand why people can't just take the risk on investments themselves? Why do we need the nanny state to regulate everything?
Article on why Neo is awesome
Image source: i.ytimg.com/vi/6-trF3nz3-s/hqdefault.jpg
I like this one, Neo is cool and should get more love. This article mentions Neo is concentrating on being regulation compliant. This could be big as regulation is probably coming. Great for smart contacts. It also stresses Neo could be the coin of China, and with a population like that, it's a pretty sweet market. There is a lot of good info about why Neo rocks, you should read it. Do you own Neo? Let me know in the comments!
The market recovered from Facebook banning crypto ads and it will also recover from this google attack as well.
Both facebook and Google are hypocrites because they allow shit ads but ban those crypto ads.
Imagine a world where every state creates ads like "buy our currency", or every company "buy our stocks"...
@viraldrome a lot of information, good luck.
Thanks you for post. I voted you
nice post man there is so much going on in this crazy bleeding crypto world while its going all nuts i have some info for followers steemers and you can utilize it too ill share it here on your post.
Well, the ICO hearing before Congress was relatively uneventful. The actual great news that the main sentiment seemed to be "careful" regulation. Sure, there were a handful of people that were negative, but
many saw the complexity of this market. Also, some advised that regulators don't just start heavily regulating something that they don't really understand.
Meanwhile, the markets took a little dip. Some analysts are saying this sideways market may last into April. Once things are more properly regulated, then, it will allow bigger money to feel safe entering the market.
Before you read further, read this quote by Sir John Templeton, a well known hedge fund owner who is no longer alive. His advice fits the current market situation:
"To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward." ~ John Templeton
TOP 5 CRYPTOS THAT ARE UNDER-PRICED
This is our latest under-priced crypto list. So many cryptos are down 3-8x and are worth getting into if they have long term potential or for when they go back to or past their all time highs.
Nexus (NXS)
Dragonchain (DRGN)
Lisk (LSK)
Stellar (XLM)
Ambrosus (AMB)
That's just such an excelent and informative reply.
I see we both share similar passion towards cryptocurrencies and blockchain technology :)
Decided to follow. Will be monitoring your content closely and will upvote every now and then.
cheers,
Nice collection of articles. I'm glad Coinbase had put together some tax help told. That really is going to be a nightmare to figure out for alts.
On the regulation stuff I think there needs to be some sort of light regulation just to help the general public avoid these pump and dump ico scams. Remember at fraud is illegal, that's somewhat of a regulation. I agree with your thought process though. You start to walk a fine line of over regulation when governments get involved.
It seems to me that one does not accept the good news, only the bad news!
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Google banned the adds, because your average joe was getting scammed. All the scammy icos with no product were mainly using the advertising.
Steemit needs to ban scammy @Haejin!!!