South Korea about to outlaw all cryptocurrency trading?!!

in bitcoin •  10 months ago

South Korea's justice minister said a bill is being prepared to ban all cryptocurrency trading, this is the headline from CNBC.  Strange as I thought North Korea was supposed to be the oppressive regime and the people of South Korea were free?! Of course the cryptcurrencies are falling fast on the news.  


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Interesting. Are they playing to bring down bitcoin to go below $10,000? Once its between $8K and $10K, they will accumulate and another country will officially announce bitcoin as a valid currency then the bitcoin will fly to $25K and then $35K. What a smart play?

·
·

I agree. I feel like they are doing that with TRON at the moment.

all same like 5 months ago ,I am not worry

·

Yep, more of the same.

I reallllly hope not. I feel like this will make prices drop like crazy for the whole market. In my opinion, the rebound would take months to even years.

Ban crypto is silly? I am watching the market crashing. This feels like last September when news out where China was banning crypto exchanges but later the market recovered at hit all time highs. Now its South Korea's turn.

·

The market is under attack for sure, hopefully it will shrug off the news.

·
·

Looks like some of the coins have already recovered somewhat. Not saying everything is back to normal but the news is having a less effect on prices. Thanks.

This seems to be the news on a different country every other week.

·

Sadly so, Bitcoin already down into the $12,000 range.

·
·

and what?? sell BTC and buy more STEEM

·
·
·

Steem on and hodl is my plan!

·
·
·
·

Not a bad plan. I'm new to steem but like the concept already.