Cryptomarket is crushing right before G20 summit - another wave of fear? by crypto.piotr

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· @crypto.piotr ·
$70.90
Cryptomarket is crushing right before G20 summit - another wave of fear?
![](https://steemitimages.com/DQmTXrN9wsdGuNNC4a4nTH6CFKoBgfBr8twCnjWRnkirA5u/obraz.png)

G20 SUMMIT in Argentina

A big day is approching. Actually two big days in the row, on the 19th-20th of March 2018 the G20 Summit will be hosted in Argentina. Most likely discussions will revolve around "the implications of cryptocurrencies and the potential applications of its underlying technology. "

You can read more about it here:
http://coindingo.com/g20-inks-two-days-dedicated-to-cryptocurrency-talks-at-next-weeks-summit/
https://www.coindesk.com/g20-delegates-will-seek-common-response-crypto-talks/

We've lately experienced the US Senate hearing being followed up by EU talks about cryptocurrency and both events were taken quite positively by investors.

So I believe, partly the current drop will last for next few days. I cant imagine any buying power jumping into market right now. 

The only thing that worries me is the fact that there will be 20 CEO's of banks invited to be part of this process. That can be real issue as we all know that bank's are not at all keen towards cryptocurrency market.

My only hope is that those power nations will find a common ground to regulate this market as this is simply necessary. We can't possibly hope that prices would go heavily up knowing that many big players are not involved yet.

I will keep you updated. If you like my post then follow and upvote and stay tuned for the next post.

Just a disclaimer: I AM NOT AN EXPERT.
These writings are based on my own personal opinion and I hope my post has been helpful and will allow some of you to get prepared for whatever the future will bring in terms of cryptocurrency.

Ps:
Drop a comment -  I will be reading and replying to all of them :)


Cheers,
Piotr

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@ipostbtcprice ·
For future viewers: price of bitcoin at the moment of posting is 7602.10USD
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@crypto.piotr ·
Cheers :)
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@frankvvv ·
$0.08
I actually CAN imagine that prices would go up a lot WITHOUT extra regulations. Just look at the last few years. I can assure you: when they do regulate this space, for a short while you will make a lot of money, and then it's game over. No more big profits, and power will be taken away from you.
👍  
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vote details (1)
@crypto.piotr ·
$0.07
I agree that prices would go up WITHOUT those extra regulations, but the question is: can we actually grow anytime soon since those regulations will be taking place ? At the moment I cannot see it happening. It's just everyone seem to be waiting for those regulations to become reality. Investors want to know how to pay taxes and feel secured. 

Why do you think it will be game over in the future? Stock market + forex are full of small investors as well. dont you think that this market wont be any different?

Thank you for your upvote. I followed you too.
👍  
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@frankvvv ·
$0.08
With game over I mean: gone are the big profits. Institutional investors don't want huge volatility. If a stock moves too much in a day, they stop trading it for some time. Also think about ICO's. There is no way they will allow them to get 100M plus with just a website, team, vision and whitepaper. If you want to invest in ICO's it will go via banks, regulated and controlled, not by you. They will release the money in stages to the team for each milestone they achieve. In short: you we lose more and more control, and it's people who are in control who tend to make the big bucks.
👍  
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@vhmcrypto ·
I agree with you, however, regulations also have advantages. Some people (mostly veteran investors) are very skeptical in investing in crypto because nothing regulates it; regulations solve this. I believe that time will come where we believers will be very thankful that we didn't cower out just because of these regulation FUDs. Also, once all regulations are in-place, people will overlook the impact of the regulations and will just look into the future of the blockchain technology.
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@crypto.piotr ·
Thank you for your genuine comment. I totally agree. Regulations are pretty much necessary. 

We share very similar point of view :)

I just followed your account as I noticed we share also similar interests. Hope you can follow me in return and I hope you will like my content. Im also quite new here but Im trying to do my best to build a presence in this community.
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@positivesynergy · (edited)
Good points. Regulations are a very complex matter. It's so often a bit like throwing the baby out with the bathwater. I think that was the reasoning that won out in the end at the G20. 

The reason they have now decided NOT to make any new regulations is because they couldn't reach consensus; and that was because those who actually do understand this new technology, and all it's potential ramifications, are realizing just how many existing regulations already exist, which do apply. Plus, they are somewhat behind the curve still trying to get a handle on this new technological revolution, while so many central banks and nations are now looking to jump the band wagon by creating their own cryptocurrency.  Imagine if they had jumped in and tried to regulate the internet in it's early days. We wouldn't be where we are now?Those who didn't understand it then tried to regulate it, but thankfully reason won out. It should be interesting to see how it all plays out.
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@crypto.piotr ·
I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post:
https://steemit.com/cryptocurrency/@crypto.piotr/summit-g20-good-or-bad-for-cryptocurrencies-my-own-little-summary

Take care, Piotr
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@crypto.piotr ·
I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post:
https://steemit.com/cryptocurrency/@crypto.piotr/summit-g20-good-or-bad-for-cryptocurrencies-my-own-little-summary

Take care, Piotr
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@alakazam ·
The focus will be on blockchain. They will need to educate each other on what the blockchain is, how they can mitigate the risks (more so learn about the benefits) without stifling innovation cause they know how patent offices fucked this up. If banks weren't so greedy than bitcoin wouldn't have happened but they were and it did. Remeber this reference...

Genesis Block: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
👍  ,
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@crypto.piotr ·
Thanks for your post.
I totally agree with you.  Unfortunatelly greed is what drives this world forward.

I like your post about busy.org. Decided to follow. Cheers :)
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@alakazam ·
Sounds good. I like busy better than steemit.  
.
👍  
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@positivesynergy ·
Well said, @alakazam! I agree most regulations stifle innovation and screw things up. Probably now that they have decided to NOT create any new regulations some realize it's not a matter of more regulations, but a matter of eliminating some existing regulations that because of so many costly complexities some have are causing so many problems. It's so complex though they way global banking has evolved the last several decades. For the consumers it's over-regulated and for the bankers it's so often under-regulated. That's where I think they would do well to focus on some. Who knows though.
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@alakazam ·
It's a big mess.  I would not want to be employed by the SEC during all this.

Perhaps, If they focus on the known scams that are under investigation and use them to set the precedent of what is clearly not acceptable, things will start to take shape. But this is no small task and it's a long road ahead. 

Who knows is right!
👍  
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@postpromoter ·
re-cryptopiotr-cryptomarket-is-crushing-right-before-g20-summit-another-wave-of-fear-20180318t061900166z
You got a 1.95% upvote from @postpromoter courtesy of @crypto.piotr!

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@garryplays ·
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<br><em>We are already in Alpha 0.3 and just added Lore</em>
👍  
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vote details (1)
@sneaky-ninja ·
re-cryptopiotr-cryptomarket-is-crushing-right-before-g20-summit-another-wave-of-fear-20180318t103047022z
![sneaky-ninja-sword-xs.jpg](https://steemitimages.com/DQmde7XXhkKjmxyqBbBPTwkaiuXXrtQe6qXoWmCDZL1nD2B/sneaky-ninja-sword-xs.jpg)
Sneaky Ninja Attack! You have just been defended with a 16.22% upvote!
I was summoned by crypto.piotr. I have done their bidding and now I will vanish…
woosh
---
P.S. If you or anyone you know has been a victim of @grumpycat please know that he has been harming people throughout Sōsharumedia (ソーシャルメディア). Stealing the service that I (and other bots) have provided them and hiding behind a facade of stopping bid bot abuse which he clearly has no interest in.
Sneaky Ninja is a very responsible bot, working directly with steemcleaners, actively pursuing spam and abuse on our platform. If you would like to see what steps Sneaky Ninja has taken to fight bid bot abuse see [this post](https://steemit.com/steemit/@sneaky-ninja/sneaky-ninja-strikes-back-how-ninja-is-combating-bot-abuse-special-announcement) and [this post](https://steemit.com/steemit/@sneaky-ninja/sneaky-ninja-strikes-again-the-next-step-in-fighting-bid-bot-abuse-attention-dmania-and-dlive-users). Also know that I am working daily on other solutions.
If you would like to know my personal take on bid bot abuse and why I do not agree with the 3.5 day rule, see [this post](https://steemit.com/steemit/@michaeldavid/steemit-s-got-issues-bid-bot-abuse-take-1)

### Grumpycat is a villain that must be stopped to protect our freedoms here on steemit!

![resist grumpycat](https://steemitimages.com/DQmRL1EHCGsFkA9Pi8aAwzL8PGYmPPuvK6QicoxsiLEPHwX/resist-image.jpg)
There is a resistance that has formed to counter his tyranny.

If you would like to take an active role in stopping this menace and helping other victims like yourself...
[Learn More Here](https://steemit.com/we-resist/@firedream/resistance-started)
![Kusari-Profile-small.jpg](https://steemitimages.com/DQmSzAJV75vQ4MjPfJg5vCBeueYWNVHBp38VtC2xt7CNqJm/Kusari-Profile-small.jpg)

I have also summoned my love, Kusari to offer some limited help to victims like you.
[See Here](https://steemit.com/introduceyourself/@kusari/hello-i-am-kusari-and-i-m-fucking-pissed-attention-all-victims-of-grumpycat)

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@steemitboard ·
Congratulations @crypto.piotr! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/commented.png)](http://steemitboard.com/@crypto.piotr) Award for the number of comments received
[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/voted.png)](http://steemitboard.com/@crypto.piotr) Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.

To support your work, I also upvoted your post!
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> Upvote this notification to help all Steemit users. Learn why [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!
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@zarzish ·
great your  bitcoin  post
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@crypto.piotr ·
thank you :)

I noticed that we both share similar passion towards cryptocurrencies and blockchain technology :)

Im myself quite new in steemit community but I realized that there are few things you could do to have a better start:
Mostly I invested a little bit in STEEM in order to purchase STEEM POWER and STEEM DOLLARS. Why? It's simply important. Without initial investment it will be very hard for you to build reach here and be noticed. 

Also it's worth to have a look at those 2 usefull tools: steembottracker.com and steemvoter.com

If you will reply to this message (that would allow me to believe that we may develop mutual engagement and help each other) then I will upvote your post and follow you as well.

Cheers, Piotr
👍  
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vote details (1)
@davidke20 ·
I don't know about the guy above, but I do read those who commented on my post(seriously do you remember you've commented on my post? lol ), and I'll see if it fits for me to reply and upvote them. I did not upvote your post because I saw you already have enough bot votes, so I give the vote to your comment instead.

If you're in Penang, please do come for the meetup tomorrow ok. I'll buy you a drink after the event or you can buy me if you want! Lol. Penang is still very raw at this moment, we held a talk last month, and it's going to be another 1 tomorrow. There's a good chance if you can start a community there to support each other.
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@kashifnaseem ·
Hello How r u Vote me pls I have Already given u vote
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@hatu ·
Good stuff; wish I had seen this earlier. 
It seems like you'll be providing very valuable content to the crypto community on Steemit so I will follow you to be notified of your new posts :)
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@crypto.piotr ·
Thank you buddy! Let me check your profile since you're into crypto :)  
I hope to find there loads of interesting content
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@crypto.piotr ·
Im closing this topic (which means that Im not planning to be visiting and replying in this topic) .

I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post.

I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post:

https://steemit.com/cryptocurrency/@crypto.piotr/summit-g20-good-or-bad-for-cryptocurrencies-my-own-little-summary

Take care, Piotr
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@cryptobebe ·
Good article. See my blog on crypto regulation where I discus the implications of regulating cryptocurrency.
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@crypto.piotr ·
Thank you for your reply.

I will check your blog now :)
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@crypto.piotr ·
Im closing this topic (which means that Im not planning to be visiting and replying in this topic) .

I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post.

I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post:

https://steemit.com/cryptocurrency/@crypto.piotr/summit-g20-good-or-bad-for-cryptocurrencies-my-own-little-summary

Take care, Piotr
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@arcange ·
Congratulations @crypto.piotr!
Your post was mentioned in the [Steemit Hit Parade for newcomers](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-newcomers-20180318) in the following category:

* Pending payout - Ranked 2 with $ 67,5

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, feel free to vote for my witness! You can do it [here](https://steemit.com/~witnesses) or use [SteemConnect](https://v2.steemconnect.com/sign/account-witness-vote?witness=arcange&approve=1)
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@positivesynergy ·
Good points made here, @crypto.piotr! The story broke yesterday by Reuters of <A href="https://steemit.com/bitcoin/@positivesynergy/g20-ceasefire-no-new-crypto-regulations#@ipostbtcprice/re-g20-ceasefire-no-new-crypto-regulations-20180319t075959">G20 CEASEFIRE - NO NEW CRYPTO REGULATIONS</A> and the markets stabilized a solid bottom and has been moving up nicely ever since - a good 20% or so at present. I still think, given today the 19th and tomorrow the 20th, the top dogs are still meeting at the G20, that investors will probably not pile in just yet until Tuesday is over and done with and no negatives to add. I'm sure they're looking at the regulations that are in place to see how to work with those. Looks like  2018 may have the workings of another year similar to 2017. Time will tell. All the best
👍  
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vote details (1)
@crypto.piotr ·
Time will tell :)
👍  
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vote details (1)
@positivesynergy ·
Absolutely ;)
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@crypto.piotr ·
$0.84
hi buddy
thx for your reply and upvote but try to keep your valuable upvotes and keep upvoting posts (not comments). cheers ;)
👍  
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vote details (1)
@ivan19670472 ·
nice post...a lot of feedback that makes sense...nice...
I you want to know what i think?
Better leave everything like it is...do not let the banks and corporations take over or it is game over for the little people...:) I think our biggest luck is that they can't understand it and that the good ideas and coins are buried under a load of shitcoins...funny...it is gonne take time and effort an work to regulate all that shit...:)
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@crypto.piotr ·
Absolutely I would like to know what you think.
There is very few poeple I know with your experience.

It would be awesome if things would be left the way it is. But there is huge wealth growing and banks etc. wont let it be untouched. right? 

Little poeple will be needed as long as we have democracy and our vote matters. That's the reality of our current system. 

Thx for your comment! :)
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@crypto.piotr ·
Im closing this topic (which means that Im not planning to be visiting and replying in this topic) .

I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post.

I wanted to thank you one more time for commenting my previous post in such a mature manners. I already value your input a lot and I hope you could comment also my new post:

https://steemit.com/cryptocurrency/@crypto.piotr/summit-g20-good-or-bad-for-cryptocurrencies-my-own-little-summary

Take care, Piotr
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@ivan19670472 ·
nice post you made there...went to take a look...:)
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@geeechoes ·
https://steemit.com/life/@geeechoes/africa-save-a-life-say-no-to-maternity-death-africa
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@crypto.piotr ·
why would i do that? it has nothing to do with crypto and it seem that you're spamming those links everywhere? or am I wrong?

Cheers,
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@geeechoes ·
Please can you resteem my posts.. 
https://steemit.com/bitcoin/@geeechoes/are-you-planning-on-investing-on-bitcoin
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@steemitboard ·
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@steemitboard ·
Congratulations @crypto.piotr! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

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@amec ·
Try to stop using the sneaky ninja bot....it might cause problems for u 
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