Bitcoin Forum

What should we do keep your bitcoin, sell it, or buy more?

 now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC... ???

That is your money, my friend... I won't solicit an advise from just anybody if I were you. Anyway, I had heard the news about South Korea plotting ban against ICOs but I haven't read anything there about bitcoins or putting exchanges on cease. Here is my source: https://cointelegraph.com/news/south-korea-ico-ban-bitcoin-price-ethereum-show-market-not-impressed. Your profile indicates that you are new to this kind of bizkneez, and I assume that you are a weak-hand in the making. Now, moving on, I can only give you something to ponder about - anything that you cannot afford to lose, convert it back to fiat asap. However, If the bitcoin price goes to the moon, then blame the article on Twitter (which I assume where you had read the news) but at least you had nothing to lose. CAVEAT.

ICO can't grown until all country ban ICO.

because ICO now is scam .

YC also think about use blockchain to invest startup company.But  it depends on ICO nad token is  legal.

YC news here : https://techcrunch.com/2017/09/20/yc-wants-to-let-people-invest-in-its-startups-through-the-blockchain/

Well China is not banning bitcoin but the exchanges and the ICO's. Chinese exchanges failed to comply with the requirements set by the government to operate thus they need to close. South Korea on the other hand if you look at this article "https://qz.com/1090437/bitcoin-btc-and-ethereum-eth-prices-fall-on-south-koreas-bans-on-initial-coin-offerings-icos/" it is not bitcoin that they are banning but ICO's. This will affect the ethereum market and waves but it will not affect bitcoin. But the present threat to bitcoins price deflation is the possible banning of Bitcoin in Russia. The law is not yet out but they said the decision will be out on October whether they will ban bitcoin or not.

And i read it just temporary depending on some upcoming election in China. And people are really putting some blame on china itself because china really did ban it without the real perspective of the news. I think even if ethereum and wave is affected, there is a chance that bitcoin is still affected in a good way. More investment would go to bitcoin if eth and waves would also go down.

It's not even clear how large of an effect this will have on Ethereum. Apparently, the ban is just on domestic ICOs, and enforcement only affects Korean institutions. At this point, it doesn't seem like foreign ICOs (i.e. the vast majority of ICOs) are affected, and it seems that Koreans are still allowed to invest.

We'll need to wait and see what the regulations looks like when they are actually issued. For now, we can only speculate. But I've seen several opinions from Koreans now that say Westerners are blowing the news out of proportion.

i even still not get income from bitcoin then china and korea was banning bitcoin, i am afraid with this situation.

Banning seems in thread to dip the btc value so everyone can ride when its dump and removes the banning when it seems they already have save enough crypto.  It will be another fud that will make btc dips and hoping that btc can still recover which it always did.

This might just be a ico ban and nothing else koreans are really happy with trading btc bithumb korean exchange has the most volume when compared to the world they always had higher prices when compared to rest of the world.
Banning of ico is only done because raising funds without any permission isn't allowed now south korea hasn't done anything negative to btc to not get unnecessary loss it's better if you set a stop loss.

"you" should sell whatever amount of bitcoin you posses because you do not understand what bitcoin is. sell it now and try to come back when you studied a little and educated yourself about what bitcoin really is. try to think about what a decentralized currency really means.
i promise you that your skepticism will be over too.

the only downside to this is that by the time you understand what bitcoin is you will be forced to buy bitcoin at least $1000 above what it is currently worth.

As I always say just trust the long term benefits of bitcoin. Even if it falls its surely going to rise soon. World has 200 other countries apart from these two.

Ya even i came to know this today under the techcrunch.com website https://techcrunch.com/2017/09/28/south-korea-has-banned-icos/?ncid=mobilerecirc_recent . I am not expecting much because when china's ban couldn't create a pressure on Bitcoin and other cryptocurrency price's, then what can we expect from South Korea. But we should not take it small, Be prepared and trade your bitcoin in a smart way and with a tighter stop loss. This can also create some kind of manipulation by south korea.

Yes and seems like there will be more country going to banned ICO and I kind of agree with ICO banning, there had been a lot of scamming that tainted the ICO reputation, and we already got too many coins that worth almost nothing, but I think a more strict regulation is more appropriate rather than banning all ICO, some of the ICO offered a great feature

Don't be skeptic or doubt bitcoin. It's normal when there are news out there about ban the market will react on it. Only the weak handlers are going to sell but if you're a long term investor in bitcoin, you'll just take time to chill, relax and see those weak handlers see their stash. And when that happens just take the cover and catch those sold bitcoins and buy it at dip, that's what you should do now.

Asking for advice on what to do with your money on a public forum and doing it is like giving someone else the permission to spend your money on something you don't fully understand.

Best advice is to keep it until you're satisfied with the gains you received and sell it afterwards. No need to ask others as it's just common sense. Historically, bitcoin tends to gain price over time so it's somehow safe to hold it in the next 2-4 years and still make a profit off of it.

It's ICOs, not Bitcoin so I don't get why your knickers are in a twist.

If countries can be bothered I think ICOs will probably be banned everywhere. The potential for disaster and scamminess is just too temping and people are too stupid to resist. They're not funding new and interesting projects, they're just piling up money for junk.

That doesn't mean they won't continue, but it'll be interesting to see if exchanges reject the results of ICOs when they're trading or will treat it as a separate thing.

no need to hesitate to invest, basically china just wants bitcoin to decline. that's all they want.

use your precious time to research and study how and why things are happening right now, china is just another country which also have a huge numbers of traders and investors but not just because of that we will worried about the future of this system better to buy more while they are selling what they've got because issue isn't resolved yet from their country because for sure after that bitcoin and other quality alts will progress and rise up.

I think it is good that icos get regulated (and I really hope South Korea regulates ICO´s and don´t permanently ban it)

To much ICO´s are just scams now, from the view of a bad person it could be a Ponzi without payouts. (People invest ETH (has value) and get some tokens in exchange which will be worth nothing if there are no actual devs)

Best thing is this PreICO stuff, basically, an ICO to finance the ads of the main ICO  :D

with how rampant scams seem to be with fake startups and ico's, I think the point of regulation is to keep the potential investors safe. they're creating an environment more friendly to newcomers and providing some sense of security for them. I really can't see these moves towards regulating ico's as bad, in the long run, I think it'll be a positive influence on crytocurrencies.

the South Korean government is pretty receptive of technologies, I doubt they'll outright ban them without a very, very good reason.

Why are you being too much worried about this?
China banned ICOs, but South Korea is banning ICOs that took place in their own country and not international ICOs (I saw this somewhere).
Though, the value is still holding tight because after China's announcement the destruction was worst compared to current declarations. I don't think we should panic due to ICOs because ICOs should have nothing to do with Bitcoin's value and why should they?

Don't spread a panic. It's a ban of ICOs which mostly are scams. Bitcoin isn't touched there and it is legal. The price fluctuates only because of FUD and thinking that ICO is the same as crypto coins especially - Bitcoin.

Buy more Bitcoin!

Yup! mate that is my initial thought about this ICO's are the one that is ban in South Korea and not bitcoin itself, but yes it can surely cause panic selling so be very vigilant in observing the value right now it can surely be a problem for people that keep on holding to their bitcoin and thinking that bitcoin would reach another heights of value.

It's for you to decide on this matter whether to keep hodling or you will chicken out and bid goodbye to btc and the whole crypto world. But since you've said that you're sonehow skeptical then I think you should prepare yourself on what will happen in the future. But always remember not to invest or trade solely on emotions (guts or instinct).

       


          China banned ICO few weeks back mean time worlds large bitcoin  mining centers are in China but Korea also banned the ICO now it is because of the strong trade ties between China and Korea. Because of the above some market fluctuations can be expected

Why would you sell your Btc if ICO's get restricted? The majority of the btc community doesn't care about ico's.

which I know the Chinese government is not banned Bitcoin, but banned ICO because kebanyakn ICO in there scam, and this is what I heard :)

How many times you new people need to be exposed to this FUD until you finally learn? BITCOIN S NOT RELATED TO ICO and it cannot be banned anymore.

If you want to sell you BTC because of one fake crypto news article, you re DEFINITELY in the wrong industry.

Its a law against ICOs not crypto which is all coming about because the number of scams in this space. Projects that wouldnt get 100k from a venture capitalist are getting 50 million. Governments are trying to protect people because when this shit inevitably fails, were going to see a large fallout.

It seems that a lot of countries are starting to take action against ICO fundraising project, due to the fact that there were just simply too much ICOs that are scamming people hard earned money, I believe there will be more countries that will ban ICOs too following China and South Korea.

Though ICO is a good wy to raised funds for a certain projects but usually most ICO turns into a scam or something that cant deliver a project or failure. I think banning ICOS's or regulating is a good way to protect us especially the investors.

Skeptical and panic? Dont forget our experienced during China and JP Morgan combined attempt to destroy bitcoin in which all results are failed attempts because the value is $4,000 and stable. If you forgot then sell all your bitcoin and stay away from bitcoin because it might give you a heart attack if bitcoin will reach $5,000 mark for this year without you.

This is just a classic strategy for bitcoin, they are just making bad news or fuds about bitcoin because they want the price to go lower and that is why a lot of people are now observing the market because most of them are already used to this and they know what to do next when there is fud and that is to buy from dips and hold it and sell it for a higher price for profit.

Bitcoin should hit 10000$ in next months
May be early 2018
But may be it retest 3400-3500$
Make your technical analysis and take your decision
Good luck

doubt that makes woe. if you want to sell, sell immediately. all that is speculation over the time and problems to be faced, I'm not interested to sell my bitcoin, I better keep a wallet. china has no effect on bitcoin.

South Korea’s Financial Services Commission (FSC) said on Friday that “it will ban raising money through all forms of virtual currencies". This was the official statement by the government, if we take a closer look on it the officials issued ban on ICO because they think that it is effecting their financial conditions as funding of ICO increases the risk of financial scams. Also, the ban is not extended to cryptocurrency exchanges which clearly shows that they are not against bitcoin or cryptocurrency they just want to reduce the number of crimes in their country due to virtual currencies.

Another round of dump looks around the corner, that's why I have already converted most of my crypto to USDT (tether). I will buy back when bitcoin will be around $3k and below that. I am quite confident on my decision, if other countries will continue to follow chinese pathways than price can easily go below $3k.

This realy seems like users are looking for excuse to panic. First China and now Korea thing that in reality wouldn't make such impact on Bitcoin price if users didn't make the panic and started to sell. Don't give such attention and importance to everything that you hear or read, try to think critical.

let's see what will happen. I don't know what will happen next. after this there is no change or not at all. I probably have no change in the decrease in bitcoin values. if there is a chance to hunt him down.

I hope, in the future BTC has an improved selling point. But with the current situation and information, some countries started blocking BTC, I started to doubt it. Regardless, and however we continue our project activities, let's wait and see. But still hope, so BTC does not fall too far.

I have some Korean sources that said they will regulate ICOS not ban them so sometimes there is much news spread as FUD in order to put a dent in the markets. SOME POWERS that be do NOT want the little people like us to make any money. They are happy to keep most people in poverty and like slaves to work for peanuts, that is IF you are even lucky to get a job. They do not like power becoming decentralized as this is the opposite of the elitism and Feudal systems that plague the planet even to this day.

Even if South Korea go for a full ban of bitcoins, you would still be able to sell it online. Yes, the payment will take a little

longer, but you will not be stuck with your bitcoins. You can even take a holiday in a country where bitcoins are legal and

sell it for Fiat/cash in those countries. Best thing will be to keep it.  ;) .... ICO's is a big problem for regulators, because

every second one is a scam.  ;)

Bitcoin is independent of any region there are a lot more countries who had adopted the bitcoin in their region and that bring a lot of profit for investors whereas north Korea will suffer their decision by seeing the development of bitcoin in other region and they will ask to rejoin and the user who get panic by such new needs to be patient there will be no loss anymore,

Perhaps you didn't read that news exactly but only the headline or maybe just a portion then outright jumped into conclusion that ICO a scam. And I think you're referring that all ICOs are a scam. Yes, there were some but not all...

There is a piece of news here https://bitcointalk.org/index.php?topic=2216022.0  that suggests that the reason behind Soth Koreas decision is more based on an attack from North Korea trying to steal BTC. So this actually puts a good spin on BTC believe it or not...

Even North Korea wants in.  ::)

China won't give up they will move overseas to Korea Japan. THis is quite normal.
Cina people will ahve to find ways to tranfer fiat to another countries.
At some point BTC will fall in value but NOONE know when it will be.

the most of the people and i cant read the map and cant decide what will be happen or what will be good for us.We have to read news correctly and commet wisely.i think this all china think is a big speculation maybe may facts is not true i dont know.everybody cant know except a group of people

Banning ICOs is slightly different from banning exchanges and trading platfroms, which is what China did. Certainly not very positive news from an advanced country like South Korea, though I would want to know whether it is an outright ban or just waiting for more regulation. Altcoins certainly thrive on the ICO markets.

This is very normal. Goverment want protect their people. so this is the right way to control ICO market

another country banning ICO's first china and now south korea too? I expect bitcoin price will go down soon many people will panic selling because of this news.

Sell your bitcoin and never comeback. People like you just put your money without doing any investigations. If you are skeptics then why are you still here? You should go back to stock market for all we care.

China is different from South Korea. Obviously. Personally, I don't think that South Korea will make the same route as you are implying. Each has its own government and independent of each other. If South Korea bans ICO, its for their own good and nothing to do with China. But you have to remember that South Korea is more bitcoin friendly as to compare to China. They are just putting regulations on Exchanges and I don't think they will totally shut it down.

Oh come on, someone or some groups want to buy bitcoin on lower price again, maybe not all have purchased before when the issue of china on ICO banning and exchanges regulation. Now it's South Korea, why not all of them at the same time for it all just the same issue. Hope the weak hands have learned of what have happened this past weeks.

More likely that they will regulate ICOs and not a total ban. China totally ban it. So its different. As far as FUD is concern, expect more coming because of this news. Those FUD'ers obviously likes to put a dent on the current price so that they can buy it cheap. However, the prices seems to be normal and even going strong so this news, fake or not, hasn't done anything yet, or its only minimal. All by now we should be ignoring those that spread FUD, because we really know what's their intent behind it.

You are the only one who can answer your own question. You can ask for clarification yet in the end it is you who will decide, it is your money so the responsibility is yours, if you are afraid of losing a lot then sell noe, but if you take the risk and hold and wait for what the future is in store for bitcoin then hold. As the saying says the greater the risk the greater the reward. Bitcoin's price may be affected by a lot of factors but banning ICO's and exchanges does not seem to affect bitcoin directly, it may affect alt coins on the other hand and indirectly may affect bitcoin because of trading.

The banning of ICOs seems to be a trend as of now, one could just wonder why would super powers ban such a great investment, i think what south korea is ttying to do here is to first regulate bitcoin, then they might allow ICOs to come in, since bitcoin is decentralized and a lot of south korea's citizens have access to internet and could easily make scam sites for thrir ICOs, they might have a hard time finding those who made the scam sites. I think after the banning of ICOs, we might hear bitcoin regulation from them, since that's what seems to be the governments trial for cryptocurrencies,.since it is decentralized they try to regulate it. I think asian nations should meey first regarding their knowledge of bitcoins or cryptocurrencies so that, in a way, they could all settle, and not just make spontaneuous decisions, this will also help in the growth of bitcoi.

I think this is a good moment to buy some bitcoins, if it is real, then the price is going to drop a lot in the next  hours, so maybe we can expect a price at $4k each bitcoin aprox.. But honestly, i dont know if this new is real, there has been too much FUD in the last days, so i dont know what to expect anymore, there have been news that said that india, china, japan, korea, and all the countries were going to ban ico's and bitcoins, so i dont know which one is real or not.

Well, I think the whole bubble thing is far away from bursting - bitcoin is much like gold, but it has one disadvantage: it has limited supply. I think these small disruptions can't really destroy its value because there are people who recognize it. It will rise (more or less) constantly up to the moment when there are no more coins to be mined. Then the market will transform into something new - like the market for Picasso's paintings. But btc is neither Picasso, nor gold (that still will be mineable at the moment), and it will burst. This thing with China, Korea, Russia, blah, blah, is nothing.

Here you are newbie , so don't think much about this thing because every month you will see that new new things for the fluctuations of the price will come and we will needed to face because that will be opportunity for us to make money.
Here the condition is also same, the price of the bitcoin getting change to high but expectation was of down because the date of descion of ban Icos in in China is much near. So here we can expect that it is really a confusing for us that why the price is getting changed in opposite direction much.
Here all this condition indicationg that China is going to take descion in much favour of ICOs but with some better regulatory way.

as usual, keep buying when bitcoin is in the dip, its very normal scenario. and its the perfect time to buy/invest your money in bitcoin and hold. because we all know the bitcoin already face some drops before but after the dip it will pump again and surpass the recent high value itself. so it is wise decision to us to buy more bitcoin while in the dip.

Bro, you Really Have to Read Eagerly and Understand.
Because as long As you are Posting any Kinds of Topics that supposed to be tackled About.
it Seems That you really have to educate yourself, about The differences of,
Bitcoin, ICO's, Ethereum, Waves,
So that you will not conclude into yourself Into Panic, And So, Anybody won't Adopt your
Attitude, I am not saying This To Offend you But to Educate you. Think Before You Click.

I know that you might be scared right now. But we really couldn't tell you what to do and whatnot.
But i'll suggest you to search more info about it. And as you know, something like this is normal.
Eventho you see no price decreasing, but let's wait a bit longer. When its dropped to a certain point that you couldn't hold anymore, then it's time for you to decide.

for me, i still keep and buy more bitcoin if i have more money and i sell my bitcoin if i needed money for buying sometimes for my daily needs. the bitcoin value is increase from time to time and especially with the price, we see that the price is trying to break more barrier and once its increase, it will goes up high. so i am suggesting for you to keep your bitcoin as much as you can and you can buy more bitcoin to increase the amount of your bitcoin.

Yes keeping bitcoin is sure thing. No matter if they are countries that are banning bitcoin, there will always be some that they dont like this, but still they are countries that will adopt fully bitcoin, like Japan. This will not influence much in mean of bitcoin price but still hope that it will be bigger amount of countries that will adopt or accept bitcoin rather then ban it for good.

Any country will ban ICOs because it is not a legit way to raise funds sooner or later,South Korea and China went ahead and did it. ICOs might come back if the company/organisation ask the specific government of the country they reside in to raise the funds in,but still you cannot be sure what will happen. Sometimes ICOs are scam and sometimes they are good for investment. I don't know what will happen in the future when ICOs are asked about. Just want them to be there since I personally get benefited some times.

Exactly, Don't forget China and JP Morgan attempt for destroying Bitcoin. But they are failed. Bitcoin price in increasing again. And I hope within this week Bitcoin price will reach $5000 in the first time. So don't worry about it.

Just keep it and dont look at the price no more.
As bitcoin number is getting less the value and demands will go up. I promise you that. Many have buried their  coins and will not open it until a certain time. That is a good idea to avoid panic. Just let it be and someday we will be rewarded.

Just ignore that news. Because this will not create any effect on Bitcoin. Nobody can stop and destroy Bitcoin. Because after the banning Bitcoin by China Bitcoin price is increasing again. And it will reach $5k within this week I hope.

Now Russia but who cares

Yes I agree with that first of all china banned bitcoin and ICO and now south Korea, but one thing we should keep in mind that china has already banned bitcoin in 2013, but soon they reallow the people in china to deal in bitcoin and I am sure it will happen again in the near future that china and other countries like south Korea or any other country has given permission to their people to deal in bitcoin.

I think these banning can do nothing with bitcoin because people all over the world take keen interest in bitcoin and they have invested a lot of money in bitcoin. That’s why the market value and price of bitcoin once again increasing day by day. Fell from 2700 dollars to 2900 dollars and now again touch the figure of 4600 dollars it means that banning of one or two countries will never affect bitcoin.

The truth is buy more bitcoin as much as possible because China and South Korea cannot kill bitcoin. Bitcoin is back now stronger than ever.
Bitcoin show the world that it is fully decentralized because China and south Korea's actions got nothing on bitcoin and the price is on the way to set new all-time high. Finally, but not least... the reason why you should buy bitcoin now is because of the next split - hard fork, after that you gonna get bitcoin gold for free which is going to be worth a lot in few months just like bitcoin cash.   

China would possibly compliant with the terms and conditions of bitcoin propagation, yet they  decided on their own to eliminate the risk of monetary involvement in child/teens of People's Republic of China. Yet, Korea if next on the watchlist they are not providing more advantages how to use btc and apply in their daily lives as part of digital currency and economic growth.

this will affect the market and eth, no effect on bitcoin. I've heard southern korea plans to ban ICO, because ICO is now a scam, and collecting funds without permission. so even with china prohibit ICO instead of bitcoin.

Korean ban ico may make BTC price drop fast. I wish this just a fake news.

China is a way, way bigger deal than South Korea. Of course every nation is important, but China is one of the largest miners worldwide.

China has best effect to cryptocurrency and especially Bitcoin but they only can affect to Bitcoin price in short term for few days so I think although Korea ban Bitcoin or not it'll not affect too much to the cryptocurrency market. Don't worry about the number of countries banned Bitcoin cause Bitcoin price will not stop increasing if there are still few countries legalized Bitcoin.

And now russia also bans bitcoin exchange, all this things happened because cryptocurrency is on its phase of mass adoption in mainstream and i believe more and more country will follow from now on, and i dont consider this as fud inteads this is a positive implication of whats gonna happen in the future! Mass adoption

It was just the ICO that were banned, not Bitcoin itself.  Why worries?  S. Korea is just protecting their  citizen on the possible ICO fraud since most of this ICO does not comply with the Country regulation rule.  And if ever someone had to get affected I believe it will be Ethereum since they have the most ICO project currently have.  

So it's good, it's getting stronger, the price is cemented, keep sure for now, everything is stabilized and you will see a positive side of this process.

For quite some time there was an information that one of the pocket countries in Europe (Malta, if memory serves correctly) gives legal status to btc and going to become european cryptocurrency center at full speed.

There is no sign of other governments doing what China is doing. China seems to like to be friendly to bitcoin then releasing news that crashes the market. They MUST be doing a lot of insider trading. They'd be crazy not to. They don't want to destroy bitcoin though since they're making so much money. I think BTC china is just providing China with some chastisement for their constant cycle of FUD by leaving the market. China doesn't want to be left out of crypto currencies and crypto assets going forward so I think it's doubtful that they want these exchanges to close down. I think eventually they will want to issue a government crypto currency the same way Russia is planning to.
I'm very bullish on Bitcoin and crashes like this are just part of the bitcoin game. I'm down more than my yearly gross income since the high of a few weeks ago but I'm not worried.

Even if this has happened it really hasn't had that big of an impact on bitcoin itself look at the price you would think such a big country would make more of a dent

They ban it because cannot control.
Regulators make a lot of money. and if you dont pay to regulators, avoid taxes, big guys cannot buy another superyacht ;D

BTC and ETH will be growing imho

No problem, they forbid just to do better bitcoin, they will manage Bitcoins, ICOs and altcoins just to control them and help them go the right way.
No one can stop the cryto currency

Just add russia also to that list now.Russian president has also blamed bitcoin as a pyramid scheme.He has said that bitcoin is used for money laundering and illegal activities.Following this,the central bank of moscow has decided to ban all bitcoin exchanges through out the country.I think that these countries have thought that only combined action at the same time only would stop bitcoin's progress.

But the truth is entirely different.Nothing is able to stop the progress of bitcoin.Its marching towards ATH without bothering these bans.So,don't get panic.As you have said,there is no price fall.so,just hold it.

no problem china and south korea want to block bitcoin, certainly bitcoin will not die because bitcoin have many fans from there bitcoin can be famous and survive until now. so I remain confident and trust to invest in bitcoin

Try to look at bitcoin back in september and today.
If you buy more during the China issue where it falls, you could have been profiting a lot by now.
If ypu lose hope and sell everything, you might now be regretting.
If you are a safe player and just hold your so called "investment" then congratulations, you might have been laughing at those who believe in the news and the speculations of some people that china would cause the downfall of btc.

ICO is bit a scam. It's a method. Done Drvs abuse the method. Doesn't mean the method is a scam. Ico is exactly that a way to distribute currency. It was never ment to be abused but of course s scammer will abuse and take advantage if anything in order to make a quick profit at the cost if others. Just be very careful. Not everything is a scam and bit everyone is a scammer. But practice great care even when bit dealing with ICO.

Its upto you mate, you have the choice because it is your own money. Well you can observe that China's ban doesn't strongly effect the bitcoin price because bitcoin isn't dependent on a particular country or state. Bitcoin community is now grown and spread all over the world, and due to the legalization in big countries its worth have increased much more. Soon it is expected that China and South Korea will lift their ban.

the story of china is different from south korea. china is so strong it shakes the bitcoin value down, but not with south korea. but anyway bitcoin still survive, and see now its value .. without the two countries bitcoin able to rise beyond what we imagine.

There are China, Russia, and South korea to ban Bitcoin exchanges. However, there are also other countries who are putting their foot ahead on Bitcoin, US, Switzerland, Aussie, and now IRAN. https://news.bitcoin.com/iranian-government-bitcoin-use/

That is why the Bitcoin value is not really turning down the slope as there are countries who appreciate the potentials of Bitcoin. If you are skeptic about Bitcoin, then dont invest on it. Investing on Bitcoin needs a lot discipline to control your emotions as value is not always high. BTC market is very volatile.

As I know the banned only BTC, not ICO. But I agree with you, they should make rules for the international ICO's regulation

I do believe countries were trying to regulate the expansion or the operation of crypto currency in general, other than l they require rules and regulations to protect their sovereign fiat currency.
Actually China isn't banning crypto currency and you can even use Bitcoin and Altcoins to purchase products and services payments but they have implemented a very strict control over exchange operators and operators cannot give their government's requirements that's why Chinese exchange operators are seeking license to operate outside mainland, that is Hongkong and Japan.
In Korea in the other hand, they are now building their own crypto currency and still have implemented a very strict regulations to other exchange operators.  

I think you should keep, it as it may not drop in the near future and it will continue to grow strongly.

Buy more or keep hoarding are the best choice if that what did you did. After surviving these challenges to include this coming Segwit2x, bitcoin will nothing to prove anymore in which all people will trust bitcoin as the most promising kind of investment that ever exist resulting to bitcoin value will continue to increase and become more strong.

This is just history repeating itself, it is known that there are a lot of Bitcoin users in South Korea,  and I think banning ICOs in South Korea is a result from the Bitcoin gold fork, since the value of Bitcoin went high and all altcoins went down, but I don't see south Korea banning Bitcoin itself.  I think we all know what to do next, if negative news like this created panic again, just what had happened last time with China, it is better to hodl and but more. But looking at the trend, I think there are fewer weak hands that we have right now, since the price of bitcoin is still rising, and hopefully it reaches a new high.

i suggest you to do it by yourself, don't ask people because you will regret it someday because people decision that you believe maybe is not like your speculation maybe its will be great and it will be bad, so all is yours, you need to make your decision by yourself

I cannot see why they would ban bitcoin. Ico on the other hand can be a difficult problem as there are some that unscrupulously scam people this is where the problem is also with icos being offered every other day it does have a big impact on the market.

Maybe this is mistake.. as i know, china not banned bitcoin but banned ico.
China thinks ico is scam. Its scamed their citizen so thats why they banned ico.

China just think that if they let all these ICOS going around through their region without even regulated by them, all their citizen money will be stolen by possible scam ICO.
That's actually good to keep their citizens from the possibility of getting scammed by unquality, scam ICO, but the biggest disadvantage is that, their citizen can't have the chance of investing into some projects.

What ever you made please study very hard to increase your knowledge regarding this ecosystem beforehand, conscious is my first thing before investing

I think it is only temporary since people keep demanding on ICOs to get profit with. Maybe several months after the ban the China and South Korea will lift the ban and make alternative way to regulate ICOs.

Now am laughing by seeing this post after this post bitcoin price increased more than 100%  Even i was in confusion in crypto world we have to trust . Some times it will make millionaire soon otherwise it will make milliaonaire  later Keep faith its all i learned in crypto world.

But I think, their government wants good for their people, the Chinese government prevents scams of money through scam projects ico

China and South Korea banned bitcoin in their country because they want more to secure their country from scam terrorisms and other crime.Their governments is very strict interms of security of their country. I will buy more to keep my bitcoin to grow my account and earn bigger value of money.

It is a good thing to ban the ICO market, because too many ICO projects are now a way to cheat money.
When it hits ICO and other altcoin, the bitcoin status will be further consolidated.

They are just afraid of domestic capital outflow!
They fear that their BTC investors will use BTC in exchange for reserves!
Also afraid of criminal use of BTC for criminal activities! After all, China's population is huge. If these things happen, the consequences will be serious!

Yes even I think the same I have found lots of account in bitcointalk forum spreading gif I think there is big strategy going on now to reduce bitcoin price and grab from bottom . So price is falling because of panic people then it’s opprtun to grab for wise people . Decide where you want to stand.

First of all, South Korea has more acceptance to crypto than China. China wants to ban everything. They want to ban ICO, exchanges and mining. But Korea just wants a regulation.

Just relax guys this is not the downfall of bitcoin or any crypto currencies, China and south korea is just regulating the use of crypto currencies. We are in the new age of technology and crypto currencies are part of it.  :)

1st China Then BTC 20,000 Now South Qurea Then????
I am Thinking............... ::)

So far nothing dangerous for the crypto currency has happened. After the Chinese government announced its prohibitions and restrictions from the end of September, on the contrary, by chance or not, bitcoin began to gain value until it reached $ 20,000. Since then, he feels well and without China.
     In South Korea, the situation is even simpler. In my opinion, there are not going to introduce serious restrictions. First introduced the identification of the individual when trading crypto-currency, allegedly in order to prevent the sale of persons younger than 19 years. Now introduced a tax of 24.2 percent. It turns out that this is only with the owners of exchanges. I think everything will be fine in this country, since the citizens there have learned to defend their rights to engage in crypto currency.

It's a similar situation to what China what was doing, South Korea wants banks to report who's depositing and withdrawing crypto, it's a regulatory thing to hold them accountable if or when something goes wrong - and let's be honest - they want to be able to tax cryptocurrency.

China and Korea want regulations on exchanges, so they have some control on cryptocurrencies. The reason is, they want to put an end to criminal activities like money laundering. The truth is that they want to control crypto and want a share by charging taxes. Now some other countries are planning regulations.

South Korea wants not only to regulate everything; it wants to take taxes from traders. I suppose soon everybody will start speaking about Russia that is going to regulate Bitcoin. It will also affect the market of crypto.

Russia will not regulate or even accept crypto. They are going to put a ban hammer on it. They already have their own government back up crypto already. So I doubt that Putin will accept anything that he can't control. And besides they keeps on contradicting themselves.

As for the South Koreans, yes they are now working on a framework on how to properly regulate cryptos. One thing I don't like is that they say that they are going that exchanges are require to share information to banks. But let's see, they haven't release any official statement yet, but I'm sure that it will be tight and every local exchanges should comply with everything they set.

Its good to be optimistic because its first characteristic which bitcoiners should have.
Without optimistic, doubt is coming to our deep mind and tell us not to invest in this crypto.
If doubt coming, i suggest you to stay away this.

I'm confident enough that the world is changing Blockchain will going to change everything. Even Government of CHina and South Korea will do something bad about bitcoin, release some FUD news that will affect the market. I will stay the same, i will hodl bitcoin for life and it's no.1 cryptocurrency. i'm ready for a big adoption!!!

The report shows that Pyongyang University, considered a breeding ground for North Korean hackers by most of the international community, now offers courses on crypto currency.

Despite mounting allegations that the North Korean government has been actively stealing and mining bitcoins, according to Vice the existence of the course is referred to as the "first hard evidence" of North Korean interest in the crypto currency.
Priscilla Moriuchi, director of strategic threat development at the CIA and Google-backed security intelligence company Recorded Future has stated that "There should be no harm in this course as a good academic exchange, everything in North Korea is carefully evaluated and managed by the regime the. "

Earlier this month Federico Tenga, founder of bitcoin startup Chainside, visited Pyongyang with the goal of teaching more than three dozen top students about bitcoin and blockchain technology.
The visit comes after Tenga contacted the only foreign-funded school in North Korea, Pyongyang University of Science and Technology, which offered a presentation on bitcoin at an upcoming finance conference on the campus. But the conference was canceled following President Donald Trump's ban on U.S. residents. who travels to the (The Hermit of) the nickname for North Korea, leading to Pyongyang University to contact Tenga to invite him to teach a crypto course on campus.

"I think everything will be fine in this country, because the people there have
   learn to defend their right to engage in crypto currency. "

"In South Korea, the situation is even simpler, in my opinion, no one will introduce serious restrictions, first introduced individual identification when trading crypto-currency, allegedly to prevent the sale of people aged less than 19 years.
Now introduced tax of 24.2 percent. It turns out this is just with the stock owner. "

I don't know if this is true. I think there was more of a rate manipulation. And what we see right now looks a lot like manipulation. They give some negative info, and then deny it.

the easiest answer is how much money you have, from there you can have the mind to buy or sell the coin you need.

Well China banned the ICO not bitcoins. You should aware about this fact anyways ICO is un-famous for all. There's a lot of scammer on internet who use ICO to scam peoples and maybe in future more countries ban the ICO.

ICOs might come back if the company/organisation ask the specific government of the country they reside in to raise the funds in,but still you cannot be sure what will happen.

Now the world is changing and evolving! this engine can not stop! China is no longer the main in the crypt world! After all these prohibitions, a lot of pools and companies left and continue to leave the country! Therefore, we should not worry, China does not have such a strong influence as before!

bitcoin will not fall any more to the price that was at an early stage, EVERYTHING THAT MAY BE, IS A SMALL REDUCTION OF THE COURSE !. so on such declines, you can still bribe yourself coins, because there is a prospect of growth.

there are risks right now Almost everywhere but in work with bitcoins it is much more because this currency is unofficial

Wait only for growth. Soon large investors will start buying bitcoin.

The most common form of “investing” in Bitcoin is buying the currency in hopes it will appreciate in value (also knowns as “hodling”, see the origins of the term here). If this is the case then you need to decide for yourself if you think this is a good time to buy.

after almost six months of asking this,maybe now you have cleared outview about the issue,those issues is just another fakes news and nothing to do affecting bitcoin,maybe at first they have effect but in time when issue subside everythings back to normal.bitcoin price returns climbing androping because this is the nature of cryptocurrency,expect the growth,but expect drops too

ICO is for the altcoins and not for bitcoins. Its the new coins for which the dev set a price and take money from people in form of bitcoins and in return give the new altcoin. So basically this has nothing directly related to bitcoins.

Well it think bitcoin is the first digital currency so this thing makes bitcoin the first priority of people,. As much bitcoin is famous now no other altcoins or digital coin is, bitcoin is being acceptable as a payment is several places so people so as much as they can make investment, china is not making any difference to bitcoin value and price but after the legalization of bitcoin in Japan and south Korea bitcoin has become more valuable and price of bitcoin raised very high after this news.

maybe this is just a Chinese and South Korean finesse to lower the bitcoin price they will basically buy when the bitcoin weakens.
and will set tactics to improve ICO again.

Now it seems that users and investors are looking for panic excuses. Two countries in China and now in South Korea decided that it would not really affect Bitcoin prices. If users and investors are not involved in panic sales. Chain and south Korea now banned ICO, because of the strong trade ties between China and Korea.

some powers who do not want little people like us make money. They are also happy to make the most of the poor and love working slaves for peanuts. But you are even lucky to get a job and they also do not like the power to be decentralized because this is the opposite of elitism and feudal system that plagued the planet even today. 8)

they have even taken it a step further now where they have now banned all government officials from holding and trading in any form of cryptocurrency , this is significant because it the first time any government has actually legalized a ban for all of its officials.Its funny thought because south Korea is actually the third largest crypto market and in an official statement the government had confirmed that it had no intentions of banning or crushing crypto dealings.

The title of a similar post of this year should be,"First Facebook, and now Twitter" and the discussion would keep going about "Is google is going to be the next one?"

It's because they see South Korea leading the crypto market so that's where anti-btc people focus their baseless FUDs. They just keep releasing the same FUD but it still affects the market.

Crypto always volatile, we know official currency of the country also experienced it. this allows us to think smartly with use of our crypto assets to remain stable at desired value. apart from that we also have to keep by balancing price of coin and not to drop price already listed on exchange market

I think you should have a solid background in the Crypto market before making any decisions. Because if you have confidence in the Crypto market, you will never fudge the FUD. But if your belief is unstable, it will make you regret a lot of times because you are not sure in your investment decisions.
I recommend making a list of advantages and disadvantages of Crypto. You will have the most accurate conclusion of your own.

First China Now South Korea banned bitcoin now many people think bitcoin price may fall down and they sell their bitcoin

For me, this all seems very normal, Governments would naturally ban cryptocurrencies because its in their way. It would be really hard balancing fiats and crypto. And because of this they all end up banning crypto. But the real thing is, no one could ever stop it.

it may be an ico ban and no other Koreans are really happy with btc trading with Korean exchange having the most volume when compared to the world, they always have a higher price when compared to other parts of the world.

ICOs will be affected and not bitcoin. There are many scam ICOs now and i think regulating or banning them outrightly will save potential investors.

Yup, they are afraid for their own fiat currencies to lose a lot of user or consumers of it so they are trying to do their best in order to stop the hype of the cryptocurrencies and to avoid the possible damage that cryptocurrencies can bring to economy because if there will be lesser amount of users of fiat then the economy of a certain country will have a huge decline for sure because they cannot get much profit from crypto since they are centralized and the cryptos are decentralized.

is this a fake news about south korea? las time i read about south korea, south korea want to makes their coins for their national coin, so i think its a good news? why worried about souuth korea if south korea make a good news for us?

The actions by the South Korean government is highly suspect. I could understand the actions by China. They don't want the Bitcoin to pose a challenge to the CNY and therefore they are hostile to BTC. But the South Korean government is not united in its stance against BTC, and the minister has sometimes deliberately crashed the Bitcoin exchange rate as a result of his actions.

If you look at the date of the post it was posted last year 2017 and eventually South Korea did not ban cryptocurrencies. I guess this topic must be closed already since South Korea is no longer banning bitcoin and other cryptocurrency and this post may create wrong information and panic on the bitcoin community. At this point of time the cryptocurrency market movement in South Korea is stable.

I think you should add your bitcoin to a long-term investment, because opportunities are still open to see bitcoin price increases in the future.
the reason, although there are some countries that prohibit bitcoin, but this is the forerunner of digital technology in the future. and i'm sure over time, digital currency will be applied in the future.

As far as I know, South Korea hasn't ban bitcoin yet. They maybe heavily regulated it but it doesn't mean that they are putting a complete hammer ban. Just be careful on what you post without any source. This is consider a fake news in my opinion.


Just hold on it and purchase if you have extra funds in you. Sooner or later bitcoin will go on another bull run and can even touch new all-time-high. No need to dump it just because of some negative news. It doesn't make any sense at all. And besides, you are not losing any profit if you are just holding, right? So why sell it.

It isn't necessary to sell bitcoin now! You should wait up to the end of year, the price will be grow up!!