Bitcoin Dips on China Mining Fears and CMC Price Updates – HODL, Playing Altcoin Pump Game – Ep119


Bitcoin holders got a scare last night as CoinMarketCap de-listed many Korean exchanges that were inflating the average prices of coins. We’re also seeing China release news about regulations that relate to mining activity – electricity + location based taxes. Today we’ll talk about what this all means, the altcoin pump action that’s happening and how you can think about these situations for your own profits.

Links:

CoinMarketCap Korea Removal: https://www.reddit.com/r/CryptoCurrency/comments/7oxivj/cmc_just_tumbled_the_whole_market_with_one_move/
China Mining Regulations: https://qz.com/1174091/china-wants-an-orderly-exit-from-bitcoin-mining/
CNBC Buying Ripple: https://cointelegraph.com/news/ive-bought-all-that-ripple-cnbc-airs-bizarre-live-tutorial-on-buying-xrp
Weathering The Altcoin Storm: https://www.coindesk.com/weathering-altcoin-shitstorm-investing-next-one/

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*NOT Professional advice, this is all just my own opinion and experience. Consult professionals for any tax, accounting or legal related questions you have.