Crypto Trading 2017, page-1515

When i look around for news and read things like China banning ICO's , the above article skypiliot posted.. but taken with articles like GMO an Japanese listed company  spending $300 million on setting up a mining rig,  using advanced chips that would be 2x more powerful then current Chinese miners.

Japan's GMO Internet Group plans a $300 million investment in bitcoin mining

Russia looking at subsidising electricity for miners.   

https://news.bitcoin.com/russia-dis...currency-mining-with-its-20-gigawatt-surplus/

ICO's getting regulated not only in China but other parts of the world Governments are starting to do the same.


All this is info is suggesting to me 1. There a joint effort to kill off "Bitmain's" 60% + hash power/mining monopoly and at the same time, 2. creating a more trusted environment by cutting out the scams from the ICO market.

Bitmain is pretty powerful, not only in mining power but also in wealth, they are the ones that funding and created Bitcoin Cash and been the subject of scams taken place by affiliation with exchanges that have scammed people in the past.


I've mentioned a few times that Crypto currency has years to play out before it could really have a chance to disrupted things on global scale.

IMO what we are seeing both from Gov and non Gov is a huge support to make crypto's better and safer for all.





Over the weekend i want to see BTC making a higher low and staying in that short trend line, the red line would be support, if broken then it would suggest a lot lower to come. Will be keeping an eye on this.