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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/

Free Course – How To Buy Your First $100 Of Bitcoin: http://www.coinmastery.com/bitcoin

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Contact: support@coinmastery.com

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

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38 comments

  1. Slowbruh Gaming 14 January, 2018 at 14:03 Reply

    Carter, I noticed that you mentioned not to tell people about Verge. Would you mind explaining why? I recently purchased some, and I am now going to obviously research after this video to see what's going on with it, but I would be curious to see why you mentioned it.

  2. S.Y Bold 14 January, 2018 at 14:03 Reply

    great video ! extremly with you on this one , it is really amazing what is happening at the moment !! crazy stuff ! i think you are right with bitcoins …i think it will bully up at some point and soon ..

  3. sameer ghani 14 January, 2018 at 14:03 Reply

    Hey Carter, great video as always. What do you think about Verge XVG, they came out with their Wraith Protocol today and its been tested too. IP address can be hidden with TOR Shealth. Your thoughts on privacy coins will be much appreciated. It seems this is the year for privacy coins

  4. Sam Smith 14 January, 2018 at 14:03 Reply

    I always like Dips after a big rally. I sold some of my coins for profit and used the money to buy some Oyster Pearl, DeepOnion and Neo. Even though DeepOnion hasn't fallen, I didnt want to miss buying it. It's been rising a lot lately and it could catch up to Verge in the future. The market is still down from its ATH, there is still time to add a few coins.

  5. mee 14 January, 2018 at 14:03 Reply

    I love how specific your choice of words are. No pump and dumps here, just pure knowledge for the people. So glad there are people such as yourself preventing major losses for the average person just getting into this. Much love man!

  6. Mike Altmann 14 January, 2018 at 14:03 Reply

    It's very odd. Consistently over the past few months it has become apparent that you are AGAINST Ripple. Are you being paid to downplay (or totally ignore Ripple)? No offense meant, but you talk enthusiastically about just about every coin EXCEPT Ripple, while Ripple is actually serving a useful purpose and has been adopted by many really major banks. Could you kindly explain your anti-Ripple bias?
    .

  7. White Melody 14 January, 2018 at 14:03 Reply

    Great talk. I love your clear and calm voice. Interesting concern about CNBC introducing alt-coins to the public. It is a good wake up call towards safely and simplification!

  8. Martin Chubb 14 January, 2018 at 14:03 Reply

    Number of miners has nothing to do with transaction times. The system will automatically adjust difficulty based on number of proof of work participants after a set number of blocks. That's why this whole system works. A major player could disappear and the system will continue to operate

  9. Eefje Fehres 14 January, 2018 at 14:03 Reply

    Carter, did I hear you say "Don't tell people about Verge?" Can you explain why you said that? I think they have a great product, or am I missing something very important??

  10. Tyson Phosrithong 14 January, 2018 at 14:03 Reply

    I just returned from a tier 2 city in China that just opened their first subway line. I was surprised to see their info app was running SHA256. I’m not very technical, but isn’t that a basic Blockchain? Are the using decentralized data compilations? So if China is starting to depend on Blockchain, why would they harm the mining community?

  11. A guy 14 January, 2018 at 14:03 Reply

    Hey, Carter or anyone else, why are people so rabid about verge? Looking at the various feeds, (twitter, reddit, etc) Verge seems to have some of the most die-hard supporters, yet when I dig into it it doesn't seem so special to me. That being said, it has occurred to me maybe I should be buying some to because of the rabid fanbase.

  12. Hunter Peck 14 January, 2018 at 14:03 Reply

    Stop and Listen to one of your podcast , You and Crypto bobby are just babbling in circles, If you have something to share please do appreciate it but please, you guys try to cover every one of your bases , so in the final equation you have no clue.

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