The G20 meeting about cryptocurrency has been a big part of the fears going on in the crypto-markets. So far, it looks like there have been some mixed responses. Many naysayers seem to be most worried about cryptocurrency potentially being used for illegal/black market kinds of activities. Realistically, we know that there are plenty of other uses. The other fears are the typical worries about potential scams out there, but that is nothing new. There was also some good parts as there was talk that it does not pose much threat to the bigger financial system. This may be why there was a little bit of recovery in the markets. So, the good news is that egulators just want to figure out how to regulate, but there has been zero talk of just getting rid of cryptos in general. That is really the only thing that could cause a big problem. In fact, Brazil was saying that they don't really want to regulate the crypto space at all right now.
This back and forth is going to be happening for a bit, so it is best to just not get caught up in the fear. It doesn't help that the regular stock and other markets are taking a dip as well. We have continued to hold, add to our positions of under-priced and over sold cryptos, and have been trading the bounces and waves of fluctuation.
Soon, we are going to be putting out some information on other ways to profit from the crypto markets while the market is playing pinball. If you are new to cryptocurrency, the market is down, so it is still a good time to enter. As always, simply only risk what you can afford to lose