First China Now South Korea - page 8.

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: bakerlisa510 on September 29, 2017, 02:47:56 AM

What should we do keep your bitcoin, sell it, or buy more?

now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... Huh

"you" should sell whatever amount of bitcoin you posses because you do not understand what bitcoin is. sell it now and try to come back when you studied a little and educated yourself about what bitcoin really is. try to think about what a decentralized currency really means.
i promise you that your skepticism will be over too.

the only downside to this is that by the time you understand what bitcoin is you will be forced to buy bitcoin at least $1000 above what it is currently worth.

giveen

hero member

Activity: 826

Merit: 1004

This might just be a ico ban and nothing else koreans are really happy with trading btc bithumb korean exchange has the most volume when compared to the world they always had higher prices when compared to rest of the world.
Banning of ico is only done because raising funds without any permission isn't allowed now south korea hasn't done anything negative to btc to not get unnecessary loss it's better if you set a stop loss.

Casabrandy

hero member

Activity: 837

Merit: 500

Quote from: MAbtc on September 29, 2017, 04:03:51 AM

Quote from: Mandoy on September 29, 2017, 03:58:51 AM

it is not bitcoin that they are banning but ICO's. This will affect the ethereum market and waves but it will not affect bitcoin. But the present threat to bitcoins price deflation is the possible banning of Bitcoin in Russia. The law is not yet out but they said the decision will be out on October whether they will ban bitcoin or not.

It's not even clear how large of an effect this will have on Ethereum. Apparently, the ban is just on domestic ICOs, and enforcement only affects Korean institutions. At this point, it doesn't seem like foreign ICOs (i.e. the vast majority of ICOs) are affected, and it seems that Koreans are still allowed to invest.

We'll need to wait and see what the regulations looks like when they are actually issued. For now, we can only speculate. But I've seen several opinions from Koreans now that say Westerners are blowing the news out of proportion.

Banning seems in thread to dip the btc value so everyone can ride when its dump and removes the banning when it seems they already have save enough crypto. It will be another fud that will make btc dips and hoping that btc can still recover which it always did.

Fainalan

newbie

Activity: 4

Merit: 0

Quote from: bakerlisa510 on September 29, 2017, 02:47:56 AM

What should we do keep your bitcoin, sell it, or buy more?

now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... Huh

i even still not get income from bitcoin then china and korea was banning bitcoin, i am afraid with this situation.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: Mandoy on September 29, 2017, 03:58:51 AM

it is not bitcoin that they are banning but ICO's. This will affect the ethereum market and waves but it will not affect bitcoin. But the present threat to bitcoins price deflation is the possible banning of Bitcoin in Russia. The law is not yet out but they said the decision will be out on October whether they will ban bitcoin or not.

It's not even clear how large of an effect this will have on Ethereum. Apparently, the ban is just on domestic ICOs, and enforcement only affects Korean institutions. At this point, it doesn't seem like foreign ICOs (i.e. the vast majority of ICOs) are affected, and it seems that Koreans are still allowed to invest.

We'll need to wait and see what the regulations looks like when they are actually issued. For now, we can only speculate. But I've seen several opinions from Koreans now that say Westerners are blowing the news out of proportion.

Jovovich

full member

Activity: 316

Merit: 110

Quote from: Mandoy on September 29, 2017, 03:58:51 AM

Quote from: bakerlisa510 on September 29, 2017, 02:47:56 AM

What should we do keep your bitcoin, sell it, or buy more?

now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... Huh

Well China is not banning bitcoin but the exchanges and the ICO's. Chinese exchanges failed to comply with the requirements set by the government to operate thus they need to close. South Korea on the other hand if you look at this article "https://qz.com/1090437/bitcoin-btc-and-ethereum-eth-prices-fall-on-south-koreas-bans-on-initial-coin-offerings-icos/" it is not bitcoin that they are banning but ICO's. This will affect the ethereum market and waves but it will not affect bitcoin. But the present threat to bitcoins price deflation is the possible banning of Bitcoin in Russia. The law is not yet out but they said the decision will be out on October whether they will ban bitcoin or not.

And i read it just temporary depending on some upcoming election in China. And people are really putting some blame on china itself because china really did ban it without the real perspective of the news. I think even if ethereum and wave is affected, there is a chance that bitcoin is still affected in a good way. More investment would go to bitcoin if eth and waves would also go down.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: bakerlisa510 on September 29, 2017, 02:47:56 AM

What should we do keep your bitcoin, sell it, or buy more?

now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... Huh

Well China is not banning bitcoin but the exchanges and the ICO's. Chinese exchanges failed to comply with the requirements set by the government to operate thus they need to close. South Korea on the other hand if you look at this article "https://qz.com/1090437/bitcoin-btc-and-ethereum-eth-prices-fall-on-south-koreas-bans-on-initial-coin-offerings-icos/" it is not bitcoin that they are banning but ICO's. This will affect the ethereum market and waves but it will not affect bitcoin. But the present threat to bitcoins price deflation is the possible banning of Bitcoin in Russia. The law is not yet out but they said the decision will be out on October whether they will ban bitcoin or not.

hyperdak

member

Activity: 98

Merit: 10

ICO can't grown until all country ban ICO.

because ICO now is scam .

YC also think about use blockchain to invest startup company.But it depends on ICO nad token is legal.

YC news here : https://techcrunch.com/2017/09/20/yc-wants-to-let-people-invest-in-its-startups-through-the-blockchain/

no0dlepunk

sr. member

Activity: 490

Merit: 258

Quote from: bakerlisa510 on September 29, 2017, 02:47:56 AM

What should we do keep your bitcoin, sell it, or buy more?

now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... Huh

That is your money, my friend... I won't solicit an advise from just anybody if I were you. Anyway, I had heard the news about South Korea plotting ban against ICOs but I haven't read anything there about bitcoins or putting exchanges on cease. Here is my source: https://cointelegraph.com/news/south-korea-ico-ban-bitcoin-price-ethereum-show-market-not-impressed. Your profile indicates that you are new to this kind of bizkneez, and I assume that you are a weak-hand in the making. Now, moving on, I can only give you something to ponder about - anything that you cannot afford to lose, convert it back to fiat asap. However, If the bitcoin price goes to the moon, then blame the article on Twitter (which I assume where you had read the news) but at least you had nothing to lose. CAVEAT.

bakerlisa510

full member

Activity: 183

Merit: 101

What should we do keep your bitcoin, sell it, or buy more?

now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... Huh

Topic: First China Now South Korea - page 8. (Read 2000 times)