The markets are swinging up and down once again.
After a good day yesterday, red is the the colour!
Todays intraday range is between 501bln. 579bln. (16% range) That is quite extreme.
I start a new serie about the actual legal status per country. This list will expand and updated.
Starting with Northern Africa
Northern Africa
- Morocco legal
- Algeria illegal
Bitcoin and regulation, what is going on?
Bitcoin and crypto markets in generalk are known for its sensitivity and certainly in the last few weeks I detected a lot of trading with inside information from large (government) parties included!
South Korea is currently attracting a lot of attention and certainly not undeserved. The country, in volume numbers belongs in the top 3 of the world and is planning, whether this will be feasible, to introduce a profit tax! It already announced that foreign investors can no longer open an account on some South Korean exchanges.
If we are talking about an open market which should be accessible to everyone, this imo is a bit of bad news. Of course, many things have to be arranged to prevent money laundering, but the initiatives we are seeing nowadays have a very negative impact on the market. Hopefully the G-20 countries can come together, and have a straightforward answer. Because if the the crypto market growth will continue, is clear.
makeithappen
disclaimer:
My post is not an advice in any proportion. Do not trade and invest with money that you can not miss. Try to act and invest as much as possible without emotions. Try tou first understand all matters before you start investing real money. into the markets. Keep it fun, light and clear for yourself. Know your limits. With that said I wish you a lot of success