What a Day in Crypto!
Could this be the pullback that has been predicted? How far down will the price of Bitcoin go? I am Hodling but will start buying more soon. Chinese exchanges like BTCC closing will hurt the price of Bitcoin in the short term but not for long. As soon as I see good support in the market I will be buying again.
The news out of Russia is positive. "No Sense in Banning Cryptocurrencies’, Says Russia’s Finance Minister."
My Move this Morning.
I bought more Steem. The reason is simple. Steem and Steemit will not be hurt by these regulations in the long run. Steem has also been much higher priced in Bitcoin. I believe we will see a spike in the price of Steem and in users soon.