CHINA BANS CRYPTOCURRENCY? WHEN WILL BITCOIN BTC RECOVER? WHAT I DO DURING DIPS/CRASH? NEWS TODAY


what is going on guys Patrick here
bringing you a brand new video today we’re going to be talking about China
banning crypto currency what I do during the crypto currency crash or dip
whatever you want to call it and the few coins that I’m looking at picking up
during this dip so guys before we get started if you have not subscribed yet
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insight and a ton of information and value to everyone now let’s get started
talking about the older china band and the overall band and where
cryptocurrency is right now so if you guys remember in one of the previous
videos I talked about chase not allowing purchases of cryptocurrency where their
credit cards so now one of Britain’s largest banks has officially decided to
ban credit card purchases of crypto currencies now I’m not gonna say that’s
a good idea I think that’s a pretty bad idea on their part I think they’re going
to be losing a lot of business on this but you guys can see it says their ban
falls directly on the heels of JP Morgan Chase Bank of America and citigroup’s
identical decision yesterday to ban credit card purchases of crypto
currencies for their customers now I’m gonna tell you guys my opinion on this
after we’re done looking at the China ban as well so here we go ban complete
China blocks foreign crypto exchanges to counter financial risk now what I
haven’t fully understood I’ve read several articles on this and I’ve gone
to different perspective perspectives one of them is that they are banning
foreign crypto currency exchanges and the other one that says foreign and
local so I’m not a 100% sure which one it is
either way you know trying to banning it I was gonna try and phrase this in way
in in my words but I I posted this on the group too I figure there’s no I
couldn’t phrase it better then John McAfee did if you guys or McAfee or how
everyone pronounced I don’t know how to pronounce it but I think you guys like
him or don’t like him he’s huge in cryptocurrency right now he’s a he’s
very bullish on cryptocurrency like a lot of us are so that’s why when I read
this I thought it makes a lot of sense so he says China bans icos and Kryptos
but it can’t be enforced banks refused ICO and crypto payments but we have
alternatives technology always overcomes legislation this is truth I SEOs are our
future and must be fought for and crypto is our right stand on our side without
fear so basically what he’s saying is do not fear when you hear these things you
see these news yes a country can enforce they can force as much as they want but
that is literally what cryptocurrency is about is not having a centralized system
where all of a sudden all of your power is controlled or all of your power your
data your form a whatever it may be is not controlled by one central you know
source and that being the government they can’t tell you know you cannot buy
cryptocurrency in China that’s what we’re literally trying to
get rid of so you know standing on the side of that you we don’t know where
it’s going in the future obviously but this technology is here at 100% to stay
and the reason I see a lot of countries like China in the u.s. why they’re made
especially those two which are huge countries and they’re you know very
forward and innovation they love innovation you see you know some of the
biggest innovation coming out of the US and China and the reason why they’re so
skeptical about this is you have to understand it’s I’ve got the question a
lot like Oh China’s like so full of innovation why are they scared of
cryptocurrency why do they ban cryptocurrency and it’s because exactly
that they’re scared banks are scared of crypto currencies because crypto
currencies can take you know destroy banks can put banks out of business and
that’s terrible for banks right banks don’t want to be put on a business so
they’re trying their best to fight against it similarly to you know the
government you know Google holds a lot of our information and that’s a
centralized system I love Google I use it for a homework and stuff all
the time but it’s a centralized system and they know they have a lot of
information which then again every time you use your credit card and stuff a lot
of people get your information I don’t remember exactly what the source was but
again I heard this from Tai Lopez way too many people get all of your
information every time you use your credit card way too many people I don’t
run the exact number feels like 20 different sources I don’t know but way
to make you and that’s what we’re trying to get rid of but that scares big
government’s big banks because that’s we’re literally trying to take away some
of their power and give it to the people so that’s that’s pretty much why a
country that’s so big on innovation technology is so against cryptocurrency
I wanted to make that point clear that’s my opinion on it at least do I think
they stand a chance banning it not even in the slightest short term may be sure
the markets are down today we’re gonna take a look at that soon markets are
down today but that’s just today you know there’s several days
there’s several years there are several decades for many of us still to live so
the technology will be changing and there’s not much they can do about it
countries like Russia countries like I think was stretched in Japan maybe I saw
one of the comments here actually Japan and Russia already legalized crypto so
they’re leading in that aspect and the rest of the world is going to have to
follow soon or sooner or later it’s really it’s it we’re gonna see how long
it takes them but they’re going to have to follow sooner or later now another
thing I want to talk to you guys is about what I’m doing during the crypto
market dip or crash whatever you guys want to call it I get this question a
lot and I talked about it in so many of my videos now the two things I’m doing
one I am mining a Bitcoin so on platforms like hash flare I have a link
to hash flare and Genesis mining down below a justice mine you get 3% off you
use my coat so make sure to do that and hash flare unfortunately there’s no code
but it would help me out a ton if you guys use my link down below if you’re
interested in it now I’m not telling you guys you have to invest none of what I
say is ever financial advice this is just my opinion and this is me giving an
information to you guys from how I interpret it so I’m mining
cryptocurrency mainly Bitcoin I get paid out in Bitcoin every single day so
Bitcoin goes up or down I still get paid out
every day and the thing a lot of people say is like oh Bitcoin mining is less
profitable now because the markets did you’re right you know you’re the payouts
are less because cryptocurrency price is down but you have to remember that
you’re getting paid out the same amount in Bitcoin it’s just worth less in
dollars so if you keep it in Bitcoin and the value of Bitcoin goes back up you’ve
officially you know been paid out the same amount as it would have been if the
price was higher so that’s just something to keep mind you get paid out
in Bitcoin people have to stop looking at the US dollar value and more of the
big coin value if you think bitcoin is a hundred thousand dollar thing and you
know a sane one it’s gonna be one day if that’s what you believe I’m not saying
you’re wrong you very much could be right but if it is a hundred thousand
dollar asset and you get paid out 0.01 Bitcoin and you get paid out when it’s
worth one thousand then if you hold it in Bitcoin when it’s worth a hundred
thousand that’s zero point one Bitcoin is worth significantly more so just
something to keep in mind Genesis mining is out of Bitcoin mining
contract so I use hash flare for Bitcoin mining Genesis mining I bought Bitcoin
mining way before so I do have a good amount vest in here but you can also get
Z cash mining just came out and in theory of mining also have contracts out
there two-year contracts no maintenance fee so both again if you think the value
of Z cash and aetherium will go up I believe those are the only ones
available ya believe if you think they will go up then they are definitely
definitely very good options now how will you how can you guys calculate the
profitability I’m not gonna do it for every coin in this video so you guys can
head on over to coin wars.com and then just type in like coin wars and then
Bitcoin profitability on Google or a theory of profitability you guys can put
in all the information here you guys can put 0 for power 0 for power cost put in
the rate this is for bitcoins you’re gonna put in the hash rate the pool fees
there is a pool fee for Bitcoin but you know you guys can look at that
accordingly but how much you paid and then you guys can calculate your
profitability for your contract so that’s one way to do it for all of them
you’re gonna notice Bitcoin is less profitable right now it is still
profitable and the reason I investing is because it’s safe sure I’m not gonna
make a hundred times my investment in one year but at least when the markets
are down you know I’m still doubling money or tripling my mind depending on
the price every single year so that’s that’s one thing that I really really
really like about mining Bitcoin is that at its peak we are making like 1.6
percent a day and that’s not from any Lending’s scam or anything people want
to talk about like you know we’ve had issues with before with such as big
connect a lot of lending platforms out there are scans we are mining Bitcoin so
that’s an actual asset we are minding mining bitcoins an actual thing so as
long as you pick the right companies you know you’re not only helping with the
network the overall network of Bitcoin because you need miners in the network
but you’re also you know benefiting by mining Bitcoin if you keep in a Bitcoin
the value could go up if you believe it will it could go up and what your mind
will be worth significantly more in the future so that’s just another thing to
keep in mind now lastly the thing I’m doing is I’m buying a ton of undervalued
all coins guys go on over to buy Nance again I make this easy I leave a link
down below it helps me out if you guys use my link making accounts it’s a
hundred percent free and start picking up your favorite all coins like do you
like card ah no it’s at 31 cents it’s a huge huge discount pick up some card oh
no do you like Bitcoin cash pick up some Bitcoin cash do you like finance coin
pick up by Nance coin it’s so cheap right now it’s six dollars and 64 cents
I’m about to load up on so much finance coin so much finance coin so much my
name is coin you guys can see by NS coin right here let’s just show you guys a
quick chart so it says six dollars it’s been an all-time high of 27 dollars it’s
by Nance it’s backed by in exchange it’s going to do well in my opinion I love
this coin I’m very very bullish on this coin so just head on over here and pick
up all your favorite all coins now I’m gonna tell you guys the coins I’m
picking up a ton of you guys already know you’ve heard of it a ton let’s look
at the market cap though three hundred and twenty seven billion dollars we’re
down again a significant amount you guys can see everything is red but my god is
this the perfect opportunity this is a mix of you know I I called a correction
coming we had a great day I called a correction coming in a red day but this
is also a mix of the information that’s been coming out with China and
everything and what are you gonna do except for
take advantage of this opportunity if you like any coin any coin they are on
so much sale right now nano that used to be rate blocks is down 40% what a steal
I’m a big big big fan of this project what else is there just so many and the
coins I’m looking to pick up our Bitcoin $7,100 neo 83 dollars and stellar 32
cents so neo it is so under priced right now so under price this could be a
thousand dollar coin by the end of 2018 which would mean you more than 10x your
investment worth 1112 extra investment in neo stellar same thing it could not a
thousand dollars obviously the total supply significantly more but it could
be a huge huge coin we can seed stellar at several dollars by the end of the
year and of course bitcoin is the OG it’s going to go up you know it’s it’s
going to go up another one’s I’m looking at Bitcoin cash it’s another great when
I’m looking at ripple is down to 69 cents I’m not a fan of ripple but my god
at these prices aetherium at under $700 oh my god thank you so
much yo ass honestly any coin right now in the top I don’t know 15 20 you cannot
go wrong with um in my opinion you can’t go wrong with obviously I wouldn’t
invest in teather that’s not really much of an investment um just holds pretty
much one dollar you’re not gonna make much money but like Manero
– iota any an EOS me Oh stellar like card on all of them in my opinion are
great pickups at these same at these type of discounts the next time if you
guys missed out on the last opportunity this is the best time for you guys to
hop on in and pick up the you know pick up some more coins and not miss out on
the opportunity to this time so again go to buy and s if you guys are interested
in picking up some coins and I want to show you guys lastly when I think
Bitcoin is going to start to go up guys this is a big one and everyone’s saying
when’s big we’re gonna start going up so currently we are at 700,000 $100 we were
getting very close to touching 6,000 I’m not sure if we did on coin base I’m not
sure if we did maybe the lowest point here it was close but one thing you guys
can start to look at this is this is a big big big thing his Bitcoin
is finally oversold we hadn’t broken the oversold line in a long long time last
time we actually broke it was my God all the way over here right I don’t even
know what Davis is this is 2016 mid and mid to late 2016 is the last time we
broke the RSI carbon we’ve touched it a few times and that is usually when we’ve
seen a bounce and a follow-up coming after so you guys see we came
close to touching to hear how to run up after his Bitcoin start of trend upwards
then we had all the way down back here we touched it again huge correction
touched it again went back up and we haven’t touched it or cross it at all
until right now so we’re finally oversold it’s looking like it’s time for
a Bitcoin to take a bounce and start moving upwards so again you don’t want
to miss on the opportunity I don’t know how much longer we have until these
coins start heading up so guys let me know in the comments down below which
coins you guys are picking up and don’t forget to leave a comment if you guys
want to be entered into future giveaways guys make sure to subscribe to channel
if you guys are new smash that thumbs up and if you guys did enjoy this video
thank you so much for watching guys I’ll see you guys tomorrow for another video

45 thoughts on “CHINA BANS CRYPTOCURRENCY? WHEN WILL BITCOIN BTC RECOVER? WHAT I DO DURING DIPS/CRASH? NEWS TODAY”

  1. What are your thoughts on the china cryptocurrency ban? And do you think we will see Bitcoin recover?
    BINANCE: https://goo.gl/ej3P51
    FREE Facebook Group: https://goo.gl/ph4Hpz
    Hashflare: https://goo.gl/FGCqgz
    **DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

  2. What a crazy last few weeks! and the china cryptocurrency ban has not been helping! but I think we will definitely start seeing markets recover here!

  3. I've been following you since mid-December and I appreciate the knowledge you share. You've given me a solid basis as a beginner in the crypto world.

  4. 100 day average is around 9700 200 day average around 6600 I hope we don't hit that but if we do we will see massive buying. At least that's my opinion

  5. World is watching to see what US is going to do…..Regulation and the safety factor is going to bring in a lot of money. I dont know if it's been overlooked or forgotten but last year Bank of America had patent approved for cryptocurrency exchange. tomorrow's announcement from US will be huge. Stock market is in shambles so I don't see ban happening. We shall see…regardless Im all in and it will eventually pay dividends 😉

  6. Nah.. this is not a new issue anymore. This is another FUD to scare people out of the crypto market. And even it is true, we always find ways to seek for solutions. You can just simply use quality VPN. If it didn't work, then there's more advanced technology like TOR & OBFS4 which commonly used by privacy coins like DeepOnion & Spectrecoin. So never fear my friends. This is just a normal event in crypto. We will always recover & keep moving forward. Do not lose faith 🙂

  7. A Red day ! Almost all coins are in red. I hope this would be the last Dip before the Bull Run.

    Bitcoin will start mooning soon 🙂 Good Luck Everyone !

  8. Great info as always sir! Keep up the awesome work man. I'll be looking to pick up Ada, neo, and iota🙌🙌🙌. Anyway we appreciate you🙏🙏🙏🙏
    14YzaXSKaeTmFCCvCouQhpu7cyRaE2r9nK

  9. This scary to move any value from BTC to invest on anything else but NEO @ 81.23 and BNB @ 6.71 Can’t go wrong with this choices, right?

  10. China banning crypto is a move to try to control the inflow and outflow of money.  There are always ways to get around it but it becomes harder and harder for people who don't have as much financial resources.  Meaning the rich just get richer the poor just get poorer and miss the boat.

  11. Bitcoin price will go down $2k or below until they fix those issues..and we never know when..i lost half of my investment and sold what left earlier..will just buy again when it becomes stable..but for now just watch the exchange and be updated with the news in coming days..

  12. Yeah i told many of my friends to wait I'll crash and damn it did crashed alot i sold my all assets in November made around 80k and niw i think its time to buy more keep it up dude 🙂🙂

  13. hello I'm using localbitcoin wallet to buy and sell btc please tell me how i can buy neo and other coin on localbitcoin walllet and please tell me which wallet is best to buy any cryptocurrency like zcash and others.

  14. China is a cry baby love to see Cryptocurrency Rise with the ban in place and show china they dont mean anything.
    Bitcoin is the King not going down to 0$ like this ever.

  15. Now it's illegal in China, you don't want to go to jail in china, trust me… No one is willing to break the law for a digital dollar that can't hold it value.

  16. China 🇨🇳 can regulate and FUD all they want, but in the end, technology will win.
    Different projects like DeepOnion and ClockCoin are integrating protocols such as TOR, OBFS4 and MEEK. New test shows successful and I'm convinced that the Chinese laws and regulations won't hinder the growth of the Cryptomarket, as soon as people find out about these new possibilities.

  17. So it's cryptocurrency versus the global banking cartel? I think I'm going to have to side with the global banking cartel, purely cuz they have all the power, and you say there's not much governments can do about it? Well China just showed that there is something they can do about it

  18. Governments can't ban cryptocurrencies because you can't ban technology. Technology will simply find a way. In order to ban crypto they need to have information about transactions etc. DeepOnion already integrated TOR, MEEK and OBFS4 to make transactions completely anonymous. Even the great firewall of China can't block this.

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