Daily: "Korean Exchange Ban" causes Crash

3 months ago
71 in bitcoin

Korean Exchange news got reported on mainstream media with sensationalist titles causes major drips in altcoins. Chinese Mining Ban also gets blown out of proportion.
0:55 Market “Crash” & “Korea Exchange Ban”
5:48 Goldman Sachs Admits Bitcoin is Real Money, Cites Use Cases in Developing World
7:10 Bitmain Looks to Europe as China Cools to Bitcoin Miners

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Sort Order:  trending
49
  ·  3 months ago

The media just love to spread FUD in the crypto world. Wonder why they don't talk about the collapse of the $....

53
  ·  3 months ago

Just another bump in the road! Nothing can stop crypto!

58
  ·  3 months ago

Mainstream media up to their old tricks again...🤦‍♂️

50
  ·  3 months ago

good post friends, please upvote my blog once friends ya

48
  ·  3 months ago

I watch you on YouTube all the time it's good to see you do so well on steemit! 😋

48
  ·  3 months ago

Goldman's comment is reassuring in these bad days. I see a ray of hope.

46
  ·  3 months ago

Bitcoin is our future.i will hope many dream from it.
Thank you for your sharing
keep it up.
go ahead...@boxmining

45
  ·  3 months ago

South Korea’s Finance Ministry Refuses to Support Cryptocurrency Trading Ban! Don't believe the FUD

40
  ·  3 months ago

It's unfortunate and infuriating that fake news can result in sharp drops that take away millions in market cap value. Many people - especially those who are overextended or/and bought at the higher end - would have panicked and sold to cut loss. And thereby creating a cascading effect.

But since we can't do much about how others react, the next best thing to do is to try and benefit. This may sound opportunistic but it's more of trying to make lemonade from the fake news lemon. We should have a list of quality coins and tokens we have researched beforehand. During sudden sharp drops, that's an opportunity to buy. Based on previous observations, the coins tend to rebound after that. But set a stop-loss level too, in case the market continues to drop. Preserving capital is paramount.

53
  ·  3 months ago

love your stuff @boxmining I feel as though China's stance is always changing! - would love it if you could check out Crypto Nights - https://steemit.com/tron/@alexmavor/is-tron-trx-the-altcoin-to-look-out-for-in-2018-crypto-nights-episode-23

51
  ·  3 months ago

Here is an overview of the most important headlines on some major news outlets. I looked them up for you:

Over $100 billion wiped off global cryptocurrency market following talk of South Korea trading ban: https://www.cnbc.com/2018/01/11/bitcoin-ripple-ethereum-prices-fall-after-south-korea-trading-ban-talk.html

South Korea plans to ban cryptocurrency trading, rattles market: https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-idUSKBN1F002A

Bitcoin drops $2,000 in value as South Korea announces planned trading ban: https://www.theguardian.com/technology/2018/jan/11/bitcoin-drops-value-south-korea-trading-ban-cryptocurrencies-tax-gambling

There are also some news that South Korea might want to introduce joint regulations on cryptocurrencies with China: https://www.google.at/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=3&cad=rja&uact=8&ved=0ahUKEwjL-bWagNDYAhWKKJoKHZCMDwwQqQIIRCgAMAI&url=https%3A%2F%2Fwww.coindesk.com%2Freport-south-korea-eyes-joint-crypto-regulations-with-china-japan%2F&usg=AOvVaw0p0GfyC0kXQV4HQ7mVVB6j

51
  ·  3 months ago

According to the new reports coming out nothing will be banned and its all FUD

33
  ·  3 months ago

welcome welcome hi i am julie from oz! new shinning star of steemit community! analyst of crypto! any one need help in crypto ! i will help! i would also like to follow crypto experts!

47
  ·  3 months ago

This has happened so many times in the past 8 years. Every time crypto currency has survived.

25
  ·  3 months ago

Crash? It is a good time to get into the market :) sale was started :)

25
  ·  3 months ago

Not sure at this point anything can cause bitcoins to die

59
  ·  3 months ago

Hay Mike!! Iam so interested in cryptocurrency. Thank you for sharing information about market i mean crash market. Because i like trading i think this information is so advantages to me. Nice to meet you. I hope you can guild me to be like you

53
  ·  3 months ago

It looks like the markets are actually pretty resistant against this type of news. Sure, we'll see a slight pull back, but the recovery seems to be happening quicker and quicker.

I'll take this dips anytime of day. Still a great deal IMO...