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Topic: The fall is affected by South Korea's closed exchange? (Read 144 times)

sr. member
Activity: 448
Merit: 250
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The overall decline in the market, is it affected by South Korea's closing of the exchange?How do you see it?



Not really, the Holidays just went by so there may be people selling coins that they got for Christmas.
newbie
Activity: 14
Merit: 0
Yep.. and as others have said.. use this as an opportunity to scoop up some cheaper positions..
hero member
Activity: 896
Merit: 505
South Korea has confirmed that it will not close the exchange, which is a fake news, which makes me nervous today because all of my encrypted money has gone down. Sad Sad

I hope you have not sell you coins.
Panic sell's not good.
See Ripple. Falls hard and now now news and boooom....
member
Activity: 210
Merit: 12
of course! But it seems to me that on this news the big players fixed profits and then bought altcoins at low prices. So in this situation I do not see anything terrible. 2018 will still be the year of growth of the entire cryptocurrency world. Wink
member
Activity: 224
Merit: 10
South Korea has confirmed that it will not close the exchange, which is a fake news, which makes me nervous today because all of my encrypted money has gone down. Sad Sad
full member
Activity: 126
Merit: 100
it was just a FUD... :/ you can go read news now
member
Activity: 221
Merit: 10
If South Korea also closed its exchanges, the short term would be a bear market for the entire cryptocurrency market, just as china did last year.
full member
Activity: 625
Merit: 125
Just FUD at this time. Nothing concrete atm. Similar to China ICO ban last year, don't panic and HODL!
https://twitter.com/iamjosephyoung/status/951371861081800704
newbie
Activity: 55
Merit: 0
Maybe most of the people called it ‘fall’ and worry about bitcoin and altcoins
will die in 2018 .
I do believe it is just a correction.
Hold and hold
hero member
Activity: 896
Merit: 505
It was after coinmarketcap exclude volume of Korean exchangers.
Many players accept it how outflow of funds from cryptomarket

Sure. And many people sell to fast Wink
Is time too buy cheap your favorite coin Wink
hero member
Activity: 2254
Merit: 658
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I agreed that part of the "fall" of Bitcoin and other altcoins were due to CoinMarketCap excluding the Korean exchanges. On top of that, Park's statement in submitting a bill to ban cryptocurrency exchanges in the entire country plus the raiding of Korean-based exchanges like Bithumb played a part of the altcoin downfall.

However, it's rebounding slowly. There's no way that Korean could stop cryptocurrencies from growing despite the ban. Also, Koreans are always finding new ways to trade without getting into trouble.
member
Activity: 98
Merit: 10
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Yeah theres been a few times coins have dipped and its been linked with things closing. Just buy more on the lows and expand the portfolio.
member
Activity: 420
Merit: 10
It was after coinmarketcap exclude volume of Korean exchangers.
Many players accept it how outflow of funds from cryptomarket
newbie
Activity: 96
Merit: 0
Usually it is something to do with something getting closed, I remember when China banned ICO's and the price took a hit. If you are going to get involved in cryptocurrency you need to be used to the market jumping a lot.

Also usually after a hit, it recorrects itself and keeps on going.
full member
Activity: 448
Merit: 100
The overall decline in the market, is it affected by South Korea's closing of the exchange?How do you see it?


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