Why is PotCoin Going Down in Price?
We Were Warned
First, I’d like to congratulate those authors who printed their opinion warning us PotCoin investors that we were crazy to invest in such a scandalous cryptocurrency. Based on a product that is federally illegal, no matter how your state may have ruled on its possession of, buying and/or selling the product, you may still be federally arrested. In fact, federal law enforcement threatened to arrest and prosecute any law enforcement officer/sheriff/trooper/etc. not enforcing this federal law. No matter the circumstances.
So, what’s this have to do with PotCoin? Well, you have to look deeper into this. You have to think in the future. You have to take in everything you hear, no matter the source and think “How’s this going to affect me?”
Second, I am not a financial advisor this is for entertainment use only.
If you have been paying attention to the cryptocurrency news, it’s been said, in short, that regulation is coming. Regulation is an ugly word in the crypto world. So, what’s this mean for PotCoin? It means the government may put the hammer down on PotCoin and other marijuana cryptocurrencies. Could it happen…? Probably not, but are you willing to risk losing all your digital assets?
PotCoin was coasting around just barely above one cent per asset for awhile when all of sudden it looked as though it was in threat when PotCoin was going down in price — and fast. PotCoin dropped to exactly one cent then eventually just below. It’s been riding there for several days now. At the time of this article PotCoin was at $0.009128. I’m thinking it’s going to get worse before it gets better.
However, rumors are going around claiming that marijuana is about to become federally legal. Yeah, I know… same ole’, same ole’. Honestly though, I wouldn’t be surprised if it did happen. This would most definitely make the price of PotCoin to spike… possibly moon.
More than half of Americans agree that it’s safer to consume than alcohol but should be enforced just the same. Many are on the fence. The rest probably haven’t a clue or are heavily invested in a company that sorely depends on it being illegal.
In short, PotCoin investors are suspicious. Mostly coming from the US, I assume. As they should be, including me. Not suspicious of PotCoin, of course. I mean that sincerely. PotCoin is a well-respected business entity within the boundries of Canada and throughout the world as well. This is not the reason at all that some investors may be taking their money out.
In case you didn’t know, PotCoin is a Canadian coin, so don’t think anyone is going to go and shut down PotCoin, well not from the United States. From the looks of things, not from the Canadian government either. Marijuana is legal in Canada… and as well in Mexico, for that matter. It’s only a matter of time for the United states to legalize it as well. And just for that reason, I’m holding onto my PotCoin. I may just double my current load.
Many PotCoin investors are wondering why PotCoin is going down in price. Well. it’s the SEC and they’re now starting to crack down on cryptocurrencies. Popular digital assets like XRP, LiteCoin & BitCoin are more than likely going to “pass inspection”. I feel PotCoin will pass as well. However, what I am worried about is being that I am a United States citizen will I not be allowed to own PotCoin?
Why is the SEC cracking down NOW on cryptocurrencies? Well, it stems pretty much from them thinking at first that this whole “cryptocurrency thing” was never going to take off, so they never really paid any attention to it. They pretty much ignored it.
“Fell asleep at the wheel,” some might say.
All for the better.
A geo-fence is a virtual perimeter for a real-world geographic area. A geo-fence could be dynamically generated—as in a radius around a point location, or a geo-fence can be a predefined set of boundaries.
PotCoin is the real deal. Exchanges such as Bittrex & ChangeAngel have given massive support to PotCoin, Bittrex was there since the very beginning. Although PotCoin has dropped significantly in price and was caused by it being “geofenced“, deliberately in my opinion, I feel PotCoin being the first cannabis cryptocurrency of its kind, it’s going to be around for a long, long time.
I would also like to mention that the majority of trades are NOT from the United States, however, but if a significant number of traders from the United States are banned there’s no doubt PotCoin would feel it, but then it would also recover as always.
PotCoin isn’t going anywhere. Stand strong.
Exactly who is “geofencing” PotCoin? That I believe would no undoubtedly be coming from someone within/part of the US government in some way or fashion. I’m looking into this.
But honestly, I’m not exactly sure.
Investors in PotCoin, understand… the Securities Exchange Commission is not thrilled at all when it comes to cryptocurrency. I wouldn’t doubt that they hate digital assets. As they should. When the Federal Reserve crumbles — and it will crumble… be prepared.
I believe this is a major reason among others, why PotCoin is going down in price.
Meanwhile, I’m taking advantage. I’m doubling my stash of PotCoin while I still can. But please, don’t take my advice. This is my opinion and mine alone. And of course, “Do your own research”.