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.
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.