Topic: South Korea putting an end to trading through cryptocurrencies - page 3. (Read 555 times)
It is a temporary drop and BTC and all other cryptos will recover their prices. Nothing can stop this trend.
Would it recover ?
Yes, it will recover we'll see on how bitcoin will endure this incident. I have a feeling that there are whales who are waiting for this dip and will suddenly enter and buy thousands of bitcoins as their holdings.It's really a mess to us who are holding for long term when we are seeing on how the market is moving downwards but there will be good things to happen.
I don't know what's on the mind of their Prime Minister and he did suddenly gave his statement that he wants to put trading of cryptocurrencies into an end.
EDIT: I saw this a while ago on twitter - https://twitter.com/cryptomanran/status/951313361299542016
Dear Korean government,
your thoughtless and rash actions have cost millions of people thousands of dollars. unless you rein in this sudden action on bitcoin and take a repreive my family and I will be lifetime boycotting all Korean products including by companies such as Samsung (*changing my phone next contract), Hyundai, Daewoo, LG and I invite the millions of crypto investors suffering globally to join me and spread news of this boycott until such time as the Koreans become mote reasonable and dont spring changes on the world that massively impact millions of people.
you mess with us. we mess with you
your thoughtless and rash actions have cost millions of people thousands of dollars. unless you rein in this sudden action on bitcoin and take a repreive my family and I will be lifetime boycotting all Korean products including by companies such as Samsung (*changing my phone next contract), Hyundai, Daewoo, LG and I invite the millions of crypto investors suffering globally to join me and spread news of this boycott until such time as the Koreans become mote reasonable and dont spring changes on the world that massively impact millions of people.
you mess with us. we mess with you
The recent price fall is completely based on the South Korea unlisted the cryptocurrency exchanges that has been getting into the trading process. But this seems to be a temporary price drop and could experience a price retaining at the earliest as adoption from other parts of the world is happening good.
Recently bitcoins plunged even lower than what it was before because of the statement made by south Korean prime minister about banning trading of virtual cryptocurrencies through exchanges
Etherum and Bitcoins are majorly controlled by countries like south Korea and now since they are gonna ban it the effects it would have on currencies would be detrimental
Would it recover ? Because it's simply bigger than China also countries like India are also thinking of putting a ban!
Etherum and Bitcoins are majorly controlled by countries like south Korea and now since they are gonna ban it the effects it would have on currencies would be detrimental
Would it recover ? Because it's simply bigger than China also countries like India are also thinking of putting a ban!
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