Topic: bitcoin prices have decreased sharply - page 6. (Read 784 times)
this is a common thing in bitcoin trading, where there is a time when bitcoin will rise sharply and fall sharply until the price begins to feel as stable for a moment, and that is where the altcoin price price initially dropped sharply on the rise as the bitcoin price drops.
So what exactly happens if a government banns bitcoin in a country?
Can you not still use it if you have internet?
A ban means that you are unable to register a company that offers bitcoin-based services. You can't officially advertise it and so on. You still can own it and exchange it privately, just like you're exchanging art, jewelry or any valuables. Nobody is going to be searching your pockets for hardware wallets or raiding your home because you're running a node. Can you not still use it if you have internet?
For instance what was referred to as the Chinese ban, was simply them saying no to exchanging fiat for cryptocurrencies. They were afraid that people will be abandoning their printed currency for something outside of their jurisdiction. Fiat money allows them to hold people hostage and BTC takes this away from them.
It may affect but not i lot i think,yeah huge number of users and transactions are coming from korea and still consider china,they wont let that bitcoins price down those chinese bussiness mans are greedy enough i think to make a hype using their own cash if price drops when korea bans it
what exactly did the south korea government decide ?
Its still up, and I don't think they have made the decision to turn it back to crypto. So there's a lot of FUD surrounding their decision. Last time I heard, there was a petition among locals to the South Korean government not to ban bitcoin. Although we can't deny that something is going on with the South Korean trading exchanges. They are almost at a premium price. That's why government is likely looking at that issue and the decision hinges on what they are going to find out.
We have this seen this before. When China suddenly suspends its trading platform around March and investigate if there's serious manipulation behind. I just hope that South Korea government though doesn't follow the footsteps of its neighbor and suddenly shutdown everything related to cryptocurrency. We are going to be affected by it for sure.
So what exactly happens if a government banns bitcoin in a country?
Can you not still use it if you have internet?
No South Korea decision has nothing to do with bitcoin value it will pump and will drop based on how demand goes. So far since there's a lot of alts that apppreciate which led to people to divert to them and convert bitcoin into fiat while some trade bitcoin to other alts. Bitcoin value will pump and dump no matter what because its the normal activity of bitcoin and all other crypto cyrrencies
It was in the news that after the South Korean prime minister declared that digital currencies in their country will going to be abolish in a scheduled date, the Koreans rushing to dump their all types of digital coins specially bitcoin resulting to a big percentage fall down of all coins in the market. Are you telling that the decreased is just a coincidence when all professionals on the news telling the role of korea? Maybe you dont know too and start use the google for you to be updated.
from what I've read, https://www.theguardian.com/technology/2018/jan/11/bitcoin-drops-value-south-korea-trading-ban-cryptocurrencies-tax-gambling
can make bitcoin price drop until $2000.
but, I think it's one that affects. like anyone said, there are many reasons will affect bitcoin price, and this is normal.
can make bitcoin price drop until $2000.
but, I think it's one that affects. like anyone said, there are many reasons will affect bitcoin price, and this is normal.
You can't even distinguish from "bitcoin prices fell by $2000" from "bitcoin prices can fall to $2000" Maybe you should stop reading articles in English and look for a news source in your local language. I'm sure it will do you some good
Also:
Quote
Once a bill is drafted, legislation for an outright ban of virtual coin trading within South Korea will require a majority vote of the total 297 members of the National Assembly, a process that could take months or even years.
This means that there isn't even a bill ready and even if it was it would have to get a majority vote! In other words there is no ban and there won't be any this year!
whether the cause of this is happening, is it something to do with the decision of the south korea government?
Yes, South Korea has a role for this Bitcoin performance because they have also the numbers to make the digital currencies market moved specially bitcoin but i am very optimistic that this is will going to at ease very soon because unlike China, South Korea is a smaller percentage to handle. So keep on holding.
No South Korea decision has nothing to do with bitcoin value it will pump and will drop based on how demand goes. So far since there's a lot of alts that apppreciate which led to people to divert to them and convert bitcoin into fiat while some trade bitcoin to other alts. Bitcoin value will pump and dump no matter what because its the normal activity of bitcoin and all other crypto cyrrencies
Probably one of the reasons why the market price of bitcoin is not increasing by now but as you can see that may not be the only reason why the value of bitcoin is not yet increasing there are some variety of reasons one example the Steam has pulled out in accepting bitcoin as way of payment for their online games, maybe many of their customers are investors of bitcoin in which it affects the demand of bitcoin.
what exactly did the south korea government decide ?
Its still up, and I don't think they have made the decision to turn it back to crypto. So there's a lot of FUD surrounding their decision. Last time I heard, there was a petition among locals to the South Korean government not to ban bitcoin. Although we can't deny that something is going on with the South Korean trading exchanges. They are almost at a premium price. That's why government is likely looking at that issue and the decision hinges on what they are going to find out.
We have this seen this before. When China suddenly suspends its trading platform around March and investigate if there's serious manipulation behind. I just hope that South Korea government though doesn't follow the footsteps of its neighbor and suddenly shutdown everything related to cryptocurrency. We are going to be affected by it for sure.
what exactly did the south korea government decide ?
I cant exactly pin the BTC price fall on the decision of the Korean government. I think it is one of the falls that we'll always have regardless of governmental decisions. A rise isn't so far away though.
No. It already happened before that. Actually, there is not much movement after the South Korea news.
It doesnt really rely on that. Maybe there are will be a little movement but not like this.
This is all just dump of all those who wanted to make profit.
Who is not? That is already almost 20,000 dollars and there is sure is a lot of people who already made enough. Maybe for retirement.
It doesnt really rely on that. Maybe there are will be a little movement but not like this.
This is all just dump of all those who wanted to make profit.
Who is not? That is already almost 20,000 dollars and there is sure is a lot of people who already made enough. Maybe for retirement.
US regulators are also meeting next month which may be causing people to be a bit more cautious than normal:
https://www.reuters.com/article/usa-senate-bitcoin/u-s-senate-panel-to-discuss-bitcoin-with-markets-regulators-source-idUSKBN1F001H
I personally buy Bitcoin at the dips. Prices have decreased sharply but I would not panic.
https://www.reuters.com/article/usa-senate-bitcoin/u-s-senate-panel-to-discuss-bitcoin-with-markets-regulators-source-idUSKBN1F001H
I personally buy Bitcoin at the dips. Prices have decreased sharply but I would not panic.
whether the cause of this is happening, is it something to do with the decision of the south korea government?
Those days of a country commanding which direction the price was to take are long gone, and bitcoin being decentralized isnt affected by a single entity. The reason I think the price dipped was because of a correction which was due after concurrent gains in a short period of time... now the value of bitcoin will rise more naturally. 
The South Korea government has nothing to do with this, i do not understand why you all were saying that they were just going to declare that mining was ilegal, that they were going to seize exchanges and so on.
They haven't did anything, it was just a massive FUD in order to make people sell.
And their plan went smoothly, because the price dropped by more than 10% in just AN HOUR.
Anyway, it is recovering again, but we need to admit that it was a very nice, and well played strategy to make the price drop
whether the cause of this is happening, is it something to do with the decision of the south korea government?
They haven't did anything, it was just a massive FUD in order to make people sell.
And their plan went smoothly, because the price dropped by more than 10% in just AN HOUR.
Anyway, it is recovering again, but we need to admit that it was a very nice, and well played strategy to make the price drop
At present, the value of bitcoin is stable at around $ 14,000. I think this is the level that investors are willing to accept at the moment. Bitcoin and the crypto market are looking for a boost to rebound after about a week of sharp declines. The big investors have not yet returned to the market, the opportunity is still for you to catch it.
whether the cause of this is happening, is it something to do with the decision of the south korea government?
Maybe yes or not but who knows right. Bitcoin are still not going up and I think it will not move higher this month. Altcoins showing some strenght and I do hope that bitcoin can sustain its power. Patient in the key right now for a brighter future, just believe on bitcoin.
It's likely due to multiple factors, including the South Korean news, other negative news stories, and recent surges in altcoins.
IM worry . bitcoin is decreasing. Perhaps due to the influence of some countries banned bitcoin. I hope the value of bitcoin will soon return. There will be solutions to this difficult situation
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