Markets are still way in the red because of governments FUDDING us. Nothing has changed

First of all, south Korea is not banning cryptos. They never have planned to do that. Their Justice minister said some things because he doesn't know what the hell cryptos are, and what it means for South Korea. Then his fellow ministers and advisors told him to rephrase what he said. Because everyone with half a brain knows that you can't shut down cryptos.

 

Second. Politicians are often the people that are the least in touch with reality. You have to remember that politicians are in the field of stealing money. That's all they know. They are taught through politician breeding how to charm and talk around the pudding, as we say in Norway - but their job is to prioritize and find ways to take peoples money.

This SK news has been circulating for EIGHT days now. And it has been confirmed over and over again that it's just FUD. Still, the market is red. I think the reason is an extremely jumpy and inexperienced market. Just look at some of the youtube-channels people are following like JR Business. That is some hilarous shit right there. These rich kids with their crypto-trading channel don't even know the difference between market cap and price. And there are tons channels and "experts" out there with almost zero experience or knowledge. And people follow them!

Also, if there IS a ban in the future, who cares? China banned cryptos. Who cared? No one eventually. Markets continued to rise after a period just like this. Point is the market is still so small, and the world so big. When countries see that they can't stop it (not even China could) they will stop making these idiotic decisions like "banning" internet code.

I hope you are not falling for this FUD.