After having so much FUD (fear, uncertainty and doubt) from Asia, the SEC and CFTC in the US made some very bullish statements on Cryptocurrencies. They correctly identified where scams are taking place and the areas that need regulations.
SEC and CFTC Make Case for Crypto Regulations Before Senate_The Buck Starts Here: A Call for Regulations Today, Jay Clayton, chairman of the SEC, and J. Christopher Giancarlo…_www.bitcoininsider.org
Here is the concluding remark from Christopher Giancarlo, Chairman CFTC (full written testimony here):
We are entering a new digital era in world financial markets. As we saw with the development of the Internet, we cannot put the technology genie back in the bottle. Virtual currencies mark a paradigm shift in how we think about payments, traditional financial processes, and engaging in economic activity. Ignoring these developments will not make them go away, nor is it a responsible regulatory response. The evolution of these assets, their volatility, and the interest they attract from a rising global millennial population demand serious examination.
This made Chris Giancarlo an overnight celebrity in the crypto community. He started with just a few thousand Twitter followers, but gained ~40K overnight, thanks to these remarks. To show appreciation for his popularity, he offered some investment advice that some newbie crypto investors were confused about. “As you invest remember: caution, balance & DYOR.”
There is always FUD (fear, uncertainty and doubt) in the crypto market and stock market. Fundamental research is required to avoid FUD, be it for cryptocurrency or traditional stocks. If you know that a coin has a great future and you believe in it, you can buy that coin / stock when the price is really low and when there is panic in the market. Then, when the price is high and other investors put confidence in the market, you can sell some of your holdings for a profit. Check out our other article on how to take out periodic profits and some other investment strategies.
In this post we are showcasing a one-stop place for doing your own research for cryptocurrencies using Coining.AI tools. In our first release, we are displaying:
You can click on the coins directly from our Coining.AI tools:
Learn about these tools here: A more appropriate way to look into cryptocurrency values. http://bitly.com/CoiningAI
Another way would be to replace the symbol here for BTC: http://coining.ai/coin.html?symbol=BTC. This is not recommended though, because we might use a different symbol for a coin.
We’ve also created another separate website (http://www.coiningnews.com) just for all cryptocurrency news in general. If you want to get regular updates on crypto, to be the first to know the latest news about crypto, you can check this site directly.
Coining.AI : Crypto-Currency News_Bitcoin Fell Off a Cliff and No One Knows How Far It Is to the Bottom Enthusiasm in thecryptocurrency market is low as…_www.coiningnews.com
This is just the beginning. We would love to hear your favorite sources you use for fundamental research that we can add in our coin pages. We are always listening on our social media.
Please spread the word. If we all can spend time doing some fundamental research before buying a coin, we can easily hodl these coins during uncertainty. Therefore, when the real bad coins are filtered out, the crypto space will flourish with proper and lucrative coins.
Have fun trading cryptos and Happy Coining!
Best,
Naushad
Coining.AI (@CoiningAI)
P.S. We are not responsible for any trading loss. Please consult your financial advisor for suggestions.
P.P.S. If you enjoyed and learned from this article, please share with others in the social media and clap 👏🏽👏🏽👏🏽 to help others find the article. Thanks in advance.
About http://Coining.AI: We are building Artificial Intelligence Driven Crypto-Currency Tools using a Revolutionary Proprietary Platform.
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Coining AI (@CoiningAI) | Twitter_The latest Tweets from Coining AI (@CoiningAI). We do #crypto with #AI. @daycoining for trade alerts. Understand coin…_twitter.com