Bitcoin Forum

 What do you think about the future crypto market after the news from Korea?

We will be fine.Dont worry
Korea hasnt banned exchanges yet.
Same thing happned with Crypto market last time (China).When FUD gone,btc rocket from $4000 to $20000

Don't worry. Everything will be fine. Sometime there might be bearish trend occur. But again bullish will occur after passing few days.  ;)

Korea created most of sensational news in the history of cryptocurrency one-time ban and other time regulations and now new guidelines overall it is positive move

From the standpoint of today, we can say that nothing terrible has happened, the government of South Korea only introduced identification for citizens in the trade with the crypto currency, and introduced 24 percent tax from the owners of crypto-exchange exchanges.

Digital or cryptocurrency currencies answer the needs of the digital community in a state of human globalization that is not geographically bound or nation-state identity anymore. For that we must start thinking again about digital currency, whether to refuse because of the absence of regulation or participate because this currency began to be calculated as alternative investment.

Just wait & hodl tight your all crypto coin.
Altcoin recovery soon I think after april.

Nowadays crypto market is stilll waiting for future and "answers" from most countries about the restrictions or their lack so after Korea news we won't feel this changes so much.

everything will be fine Bitcoin market in Korea is very very stressful, this country is very toy with bitcoin prices, until they forbid bitcoin to circulate in its country but in my opinion it will not have a big effect on bitcoin price globally

It is just a move, nothing that serious. In case more governments ban crypto then we can develop better platforms so that the government wont be able to see the transactions. I don't think that is gonna happen because now crypto society is way stronger than most governments in the world.

When the there is negative and fakes it goes viral Trump's news but South Korean government already said they do worry more about trading platform. They share in press release confirm as crypto trading is allowed.
More for you guys you have to understand that this thread has been created on January month after that there are many fakes news and legit evolved and now they accepted too. I hope we do not need more discussion.

Historically fud is just part of crypto. It is used to manipulate crypto market those news aren't real but fake, rhat is when you see panic sell in the market.

so it was just a FUD , now proved .
media shows and make viral any news which is not even confirmed by authorities .
again and again this is proved .

Perhaps there will be negative changes after new steps in Korea against the cryptocurrency! But Belarus legalized the crypto currency, Russia also plans to legalize the cryptocurrency. Although a couple of years ago, strictly wanted to ban cryptocurrency in Russia, now plans to legalize it! so everything will be fine! The main thing is that countries with well-developed economies do not prohibit cryptocurrency!

Would you happen to know what % of taxes would be imposed, if any on crypto?

Korea will only do it with legal procedures. It will be very positive for the market.

it is difficult to say! However, Korea was a pretty big player in crypto world! As South Korea was the world's third-largest market for the sale of bitcoins, after Japan and the USA! And most interesting, South Korea was the largest exchange market for Ethereum. It amounted to 33% of the shares of the crypto pot!  Perhaps the situation will develop so that will force investors and all those people who are engaged in cryptocurrency to reveal the number of their transactions and the volume of purchases, which would impose a tax! Maybe it's for the best! Many bots will fall off, the market will become more qualitative!

Which Korea?
North Korea? Which is best Korea, Has no internet access already ~swh~.

When some countries bans crypto currencies, it backfires. Don't worry it'll only raise the interest in cryptos.

That Korea that China they masters to cause panic in the cryptocurrency market that everything went to a bottom,they would be bought,and then as usual you not so understood,the mistake left.

I know one important thing
Everything new they want forbid to allow later! Or allow to forbid! the popular scheme of the authorities works on psychology

thats the way to regualte the price to buy or sell i think..

but i also think it will be ok and we dont have to worry about it

The news is kinda confusing, i just read that they accepted bitcoin already. They manipulate the market so that they can buy more. This is not new at all it can be a copy cat.

I don't think that you should be worrying about it. Korea will not ban exchanges. It'll not worth it even for them. Even if they do something bad to the cryptocommunity, we will find a way to avoid it.

korea news initially created Fud but recent times news we can see Korea formed crypto regulation to run the crypto trading and pay tax accordingly actually it is good move by governments

Korea is a technologically advanced and developing country that makes risky but promising steps in the development of the crypto industry. I think that Korea will go far ahead thanks to the legislative settlement of the crypto industry.

I saw the falling and also that news about upbit, but some references said to me that the problem solved and there is no more problem, i think the market will come back and rise again. be patient and do not panic sell.

What is this Korean news that Op is talking about?
I think I missed this or I just forgot what this news is all about.

I saw a meme on facebook that says "load korea fud" so I think that's what is happening now.

no problem after the news from korea ... crypto market will continue to evolve over time, all will forget the news and the return of the market like december 2017. crypto market demand is superior to the news.

Do not panic! Nothing bad happened. Now the hype is over and the market is quickly normalizing. South Korea is a big player in the crypto currency. I think the Koreans will continue to take an active part in the community.