WOW, we have had a rocky few days.
Market dropped from 176 billion down to as low as 140 billion with news of China banning ICO’s until further notice with legislation soon to be enforced.
This is a healthy correction and we should see an uptrend occur again soon however lets allow the dust to settle first.
Keep your eye on the market cap to gain a true perspective of the trends and remember this market swings in both directions very fast.
Read Full Article on how China has banned ICO’s.
Good signs in Australia in regard to mainstream adoption and legitimacy of this entire space and it starts of course with Bitcoin.
Currently Australia has 20 Bitcoin ATMS with a further 500 being installed around the country which is huge news for crypto and for Bitcoin enthusiasts.
I actually have a Bitcoin ATM not far from where I am however at this stage I am not currently spending my bitcoin rather it is a long term investment.
Things can only go up from here I feel and we should see some aggressive movements after this correction and the 40 billion that exited the market renters with some ferocity.