SEC warns cryptocurrency exchanges.

For those who haven’t heard or read the recent news to the mudslide of cryptos, the SEC is stepping up (bullying) cryptocurrency exchanges which has caused a huge sell of in the crypto markets creating an extremely bearish environment. On the plus side this bearish environment will turn into a bull pump soon when cryptos reach lows again for great opportunities to invest in cheap and make some serious profits.

This is article below is from my Altucher’s Report:
“Dear Altucher Report Reader,

Cryptocurrency markets slid lower this week as rumors circulated that a major cryptocurrency exchange (Binance) experienced a hack.

Separately, rumors have been circling for weeks that the U.S. Securities and Exchange Commission (SEC) would intervene in cryptocurrency markets. On Wednesday the SEC issued a warning that cryptocurrency exchanges needed to register with the agency or risk regulatory action.

The pair of rumors sent cryptocurrencies sliding, as bitcoin reached a low of $8,400 earlier today.

However, for experienced cryptocurrency traders, the news should come as no surprise. Cryptocurrency markets frequently adjust on fears of government regulation.

This is a good thing.

For one, its predictable. Markets get scared by the threat of new regulation and then inevitably recover. Don’t let fear cause you to sell your crypto for less than it’s worth. This is part of the cryptocurrency game.

Second, regulations benefit informed investors.

As shadier cryptos collapse, I expect money to move from the scam cryptocurrencies and drive demand for solid cryptos like bitcoin and ethereum. Learn to play with the rules of regulation and you’ll win anyway.

We’ve seen this before… and based on experience, these panics offer the best opportunities for patient buyers.

However, with the latest announcement to exchanges, it seems like the SEC is just getting started. What remains to be seen is whether markets will respond negatively to the outcome of regulatory decisions. If you’ve been waiting to buy (or are looking to buy more), I’d buy a little now and wait a few weeks to see how this SEC thing plays out. Remember: Never invest more than you can afford to lose.

Takeaway: Cryptocurrency markets fell as U.S. government regulators warned exchanges that they needed to register with government agencies.

The news follows weeks of rumors that the SEC was ramping up enforcement in cryptocurrency markets.

Additional government intervention could drive markets lower but would ultimately benefit holders of more established cryptocurrencies such as ethereum and bitcoin.

I continue to remain bullish on both ethereum and bitcoin and advise my readers to buy dips.

Sincerely,

James Altucher
Editor, The Altucher Report”