Cryptomarket is crushing right before G20 summit – another wave of fear?

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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