Bitcoin Forum

whether the cause of this is happening, is it something to do with the decision of the south korea government?

It definitely affected the price somehow. But usually the reasons are more complex than a single announcement.

The fall in the market value of btc has nothing to do with the government of South Korea .It is normal for every market to have a fall in its market value after a rise it will not take much time for its value to go back to normal.

There are much more reasons to the fall in price, south korea decision definitely affect to some extend. Investor panic in south korea may be another and those that are cashing out on profits.

this can be influenced by some rules imposed by the government of a country this is causing many bitcoin holders who make a profit.

Probably because of VISA extinguished partnership with Wavecrest. The ones that know the news, they are up to date. But who don't know. Most people used those cards as a pay method for living expenses. So there is halt a bit.

That is my opinion, but you never know what happens next.

It's being somewhat affected by the SK gov't decision but I would not say that it is the cause of the depression in the market. If it was more serious then you'd likely also see the other altcoins seeing a dip and bringing themselves down as investors pull out. That's not happening, you can see the market is very polarised across the board and some things are up, others are down. I'm subscribing to the theory that this is the market slowing and compressing as the supply opens up and the demand begins to slow itself, since there is no great FOMO anymore.

Yes that is the primary reason after the fact that we entered into new year. Whatever decision making process is going on in the Korea is getting he bitcoin community attention and out of the fear most of the Korean exchangers are not sure about the investment. Thus we are missing out major portion of the crypto investors. After this we also have seen the major rise in the bitcoin last year in December month. Then came in the Christmas and new year eve. These were the first factors for the bitcoin crash. In both of them people sold the bitcoin for the money purpose and that crashed the market too. And now in addition to that Korean drama is going on So lets hope that we get to see some bigger market soon.

Yes bitcoins prices have already decreased sharply. It is affected by the decision of government of south korea. Many investors are in trouble because they have to face now huge lose. There may be some other reasons also for the decrease in prices of bitcoins.

Nothing lasts forever, also in 2018 there is a considerable risk of collapse of the price of this cryptocurrency, which can be signaled by another disappearance of one of the Bitcoin specialties or a temporary drop in price, causing the willingness of hot investors to leave.

Several factors affect the cost reduction of bitcoin.  The main ones are: South Korea prohibits crypto-currencies, Microsoft stopped taking payments in bitcoin, recently a transfer commission has risen, which also makes such transactions inconvenient.

yes bitcoins prices have already decreased but its not mean btc wont comeback .
if u chek the btc resistant support level u can understand it .

I don't think so. Even though South Korea is one of the biggest users of Cryptocurrency but the government has not yet decided anything. It is just a rumour till date. No official notification has yet been released. I believe the the price is going down due to the scaling issue that bitcoin network is facing right now.

People are afraid of making small transactions due to the high fees and slow network. Also the frequent transactors are moving their crypto assets to other cheaper options. That is the reason which is hindering the bitcoin's growth I believe.

The South Korean News really create FUD and we cannot do anything about that. There are lot of Weak Hodlers on Bitcoin community that might get easily swayed by the FUD news, That News is just for their own benefit and believe that they will not implement the ban on cryptocurrency/ban on trading , they should rather have an effective regulatory policies to cater the problem they are facing now and not to have a ban as their last resort.

I think what happened in south korea definitely had an effect on the price of bitcoin. Now that south korea is not banning cryptocurrency, I'm hoping the price of bitcoin will go way up.

I think that a sharp decline in the rate of bitcoin in a short time is associated with problems at the crypto-exchange markets. Many crypto exchanges currently have problems with registering new users. In social networks, there are some rumors that soon registration will be paid, and this leads to problems in the exchange of crypto-currency among users. In addition, a significant drop in the cost of bitcoin is due to the introduction of a tax on the crypto-currency in the USA, which begins to operate from 2018 onwards.

I am not sure about this, but if so, you can still rest assured that the price will recover. Not long ago when the Chinese  ban btc, the price also decrease but then prices have risen again and the highest ever. Therefore, you should not be too worried, perhaps, the btc discount is just because people sell too much.

IM worry . bitcoin is decreasing. Perhaps due to the influence of some countries banned bitcoin. I hope the value of bitcoin will soon return. There will be solutions to this difficult situation

It's likely due to multiple factors, including the South Korean news, other negative news stories, and recent surges in altcoins.

Maybe yes or not but who knows right. Bitcoin are still not going up and I think it will not  move higher this month. Altcoins showing some strenght and I do hope that bitcoin can sustain its power. Patient in the key right now for a brighter future, just believe on bitcoin.

At present, the value of bitcoin is stable at around $ 14,000. I think this is the level that investors are willing to accept at the moment. Bitcoin and the crypto market are looking for a boost to rebound after about a week of sharp declines. The big investors have not yet returned to the market, the opportunity is still for you to catch it.

The South Korea government has nothing to do with this, i do not understand why you all were saying that they were just going to declare that mining was ilegal, that they were going to seize exchanges and so on.

They haven't did anything, it was just a massive FUD in order to make people sell.

And their plan went smoothly, because the price dropped by more than 10% in just AN HOUR.

Anyway, it is recovering again, but we need to admit that it was a very nice, and well played strategy to make the price drop

Those days of a country commanding which direction the price was to take are long gone, and bitcoin being decentralized isnt affected by a single entity. The reason I think the price dipped was because of a correction which was due after concurrent gains in a short period of time... now the value of bitcoin will rise more naturally.

US regulators are also meeting next month which may be causing people to be a bit more cautious than normal:
https://www.reuters.com/article/usa-senate-bitcoin/u-s-senate-panel-to-discuss-bitcoin-with-markets-regulators-source-idUSKBN1F001H

I personally buy Bitcoin at the dips.  Prices have decreased sharply but I would not panic.

No. It already happened before that. Actually, there is not much movement after the South Korea news.
It doesnt really rely on that. Maybe there are will be a little movement but not like this.
This is all just dump of all those who wanted to make profit.
Who is not? That is already almost 20,000 dollars and there is sure is a lot of people who already made enough. Maybe for retirement.

I cant exactly pin the BTC price fall on the decision of the Korean government. I think it is one of the falls that we'll always have regardless of governmental decisions. A rise isn't so far away though.

what exactly did the south korea government decide ?

Its still up, and I don't think they have made the decision to turn it back to crypto. So there's a lot of FUD surrounding their decision. Last time I heard, there was a petition among locals to the South Korean government not to ban bitcoin. Although we can't deny that something is going on with the South Korean trading exchanges. They are almost at a premium price. That's why government is likely looking at that issue and the decision hinges on what they are going to find out.

We have this seen this before. When China suddenly suspends its trading platform around March and investigate if there's serious manipulation behind. I just hope that South Korea government though doesn't follow the footsteps of its neighbor and suddenly shutdown everything related to cryptocurrency. We are going to be affected by it for sure.

Probably one of the reasons why the market price of bitcoin is not increasing by now but as you can see that may not be the only reason why the value of bitcoin is not yet increasing there are some variety of reasons one example the Steam has pulled out in accepting bitcoin as way of payment for their online games, maybe many of their customers are investors of bitcoin in which it affects the demand of bitcoin.

No South Korea decision has nothing to do with bitcoin value it will pump and will drop based on how demand goes. So far since there's a lot of alts that apppreciate which led to people to divert to them and convert bitcoin into fiat while some trade bitcoin to other alts. Bitcoin value will pump and dump no matter what because its the normal activity of bitcoin and all other crypto cyrrencies

Yes, South Korea has a role for this Bitcoin performance because they have also the numbers to make the digital currencies market moved specially bitcoin but i am very optimistic that this is will going to at ease very soon because unlike China, South Korea is a smaller percentage to handle. So keep on holding.

You can't even distinguish from "bitcoin prices fell by $2000" from "bitcoin prices can fall to $2000" Maybe you should stop reading articles in English and look for a news source in your local language. I'm sure it will do you some good ;)

Also:

This means that there isn't even a bill ready and even if it was it would have to get a majority vote! In other words there is no ban and there won't be any this year!

It was in the news that after the South Korean prime minister declared that digital currencies in their country will going to be abolish in a scheduled date, the Koreans rushing to dump their all types of digital coins specially bitcoin resulting to a big percentage fall down of all coins in the market. Are you telling that the decreased is just a coincidence when all professionals on the news telling the role of korea? Maybe you dont know too and start use the google for you to be updated.

So what exactly happens if a government banns bitcoin in a country?
Can you not still use it if you have internet?

It may affect but not i lot i think,yeah huge number of users and transactions are coming from korea and still consider china,they wont let that bitcoins price down those chinese bussiness mans are greedy enough i think to make a hype using their own cash if price drops when korea bans it

A ban means that you are unable to register a company that offers bitcoin-based services. You can't officially advertise it and so on. You still can own it and exchange it privately, just like you're exchanging art, jewelry or any valuables. Nobody is going to be searching your pockets for hardware wallets or raiding your home because you're running a node.
For instance what was referred to as the Chinese ban, was simply them saying no to exchanging fiat for cryptocurrencies. They were afraid that people will be abandoning their printed currency for something outside of their jurisdiction. Fiat money allows them to hold people hostage and BTC takes this away from them.

this is a common thing in bitcoin trading, where there is a time when bitcoin will rise sharply and fall sharply until the price begins to feel as stable for a moment, and that is where the altcoin price price initially dropped sharply on the rise as the bitcoin price drops.

bitcoin prices have fallen sharply due to several factors that cause bitcoin to fall sharply, one of the causes of bitcoin down is a bit of Bitcoin stock in tissues, as well as the number of bitcoin sellers more than bitcoin users.

yeah because some of the regulation like banning the bitcoin or don't accept bitcoin make the people afraid to buy so they just keep selling them so the price will go down.  but it'll be up again just need some time

your answer is how @naufals4 said:

---

I want to add a few things, you are asking this question because you are interested in knowing the reasons for the highs and lows of the price and you read the comments of the people who post in this thread?

I advise that you read daily the news about bitcoin and follow the forums about bitcoin so that in the future you know why the price is falling or because the price is going up, of course you will not have an exact answer

this has happened in the past. nothing new.

Yes it's positively decrease bitcoin prizes when bitcoin is decreasing also. So this is the time to be patiently wait for the pump of bitcoin. So that we can avail the promising price of bitcoin.

First, there was no decision of the South Korean government to ban crypto currency in this country and will not. There was only a personal opinion of the Minister of Justice on this matter and now 600 000 inhabitants of this country in their petitions demand his resignation.
      Secondly, the drop in the price of bitcoin is obviously due to its long-standing weaknesses associated with slowness and high transaction costs. Since these shortcomings have not been eliminated for a long time, people began to invest not in bitcoin, but in altcoyins. In this regard, altcoins are growing in price, and bitcoin is slowly falling.

bitcoin prices have fallen sharply for several reasons, none predict a very sharp decline, and this is a heavy blow for traders because they predict that bitcoin will increase at the start of the new year and their predictions do not match the true state of affairs.

They have not decreased sharply, but have gradually been on a downward trend after touching $20,000. The South Korean news had some impact yesterday, but the price has since recovered. The overall market cap of crypto stocks is increasing, with Bitcoin dominance falling and multiple new alts taking off.

It's probably a wrong point of view. Talking from a more patient perspective, Bitcoin is up 1600% in a year which couldn't be better. Imagine going 100% in the next year, it would be like $25k and even more. And then 50% in 2020, that would make it $40k maybe more. Things are actually doing great if you ask me, these are the golden times for crypto and it's a great beginning.

Personally, this current decrease does not seem so drastic. Rather it seems that the price of bitcoin has entered a stage of relative stability and more than scare me, this seems quite encouraging, since a low volatility is essential for a greater adoption of bitcoin. We must also be aware that the increase in the price of bitcoin was quite vertiginous as of September, so it is normal for the price to experience a temporary readjustment before resuming its bullish momentum.

After every deep price fall, once again the price tends to increase reaching a large scale growth. This can be understood going through the growth chart of bitcoin. For each price fall it has got specific reason and in the similar manner price is expected to increase at the earliest.

It affects somehow with the decision of the south korea government but probably the main reason i see is the price correction itself because Bitcoin is being hyped for the past month and that brings the sudden rising of price that almost every users go crazy to it but sad to say the fees for every transactions is going crazy too.

and will increase again in time.

Bitcoin prices are dropping sharply in the last one week. Its profound implication is that investors are turning to Bitcoin Cash to invest in it because they believe the future will replace Bitcoin and become a global currency. But I find it is a good time to buy Bitcoin and hold them to make a profit in the long run.

every market has a bearish and bullish season so far we have seen tremendous increases in alts and btc as well and its time for the bearish market.

I've talked to several people recently who were interested in getting into cryptocurrency, and my answer is always the same-- you need to be prepared for volatility. Cryptocurrency prices are very susceptible to, well, pretty much any news, good or bad. If the US President Trump said, "Bitcoin is going to be huuuuggge." the price would probably rise at least 20% immediately. Then some other prominent national figure, say, from the UK to threaten banishing it altogether, and bam, back down.

Overall, though, unless Bitcoin gets a scaling solution in place, I think in the long-term Bitcoin is going to lose market share.

this volatility of bitcoins is the main reason it gets a bad image from the media. on a brighter side this happens in the stock market also which makes this similar to the stocks market which people are advised to invest in.

It had it's effect on botcoin that's for sure. The question is what part of the decrease was caused by it, and this is aomething we will probably never know.

Usually, the price of the various factors affect the BTC, the south Korean news also has a great influence for the price of the BTC, but these are temporary, BTC price rise will tell you that for BTC is still full of confidence.

I don't think the actions of the Corean government can affect Bitcoin's price more than for one day or two. I guess this is just the market.

Well apart might have a huge impact on whether the reasons why there has always been a decrease in a price of bitcoin and as of until now there is no consistency on the increase of bitcoin price well one might South Korea influence is literally important as they are one of the successful country in the Asia.

I think the South Korean's government has a little impact on the the decrease of bitcoin price. In my opinion, I think it's just the market itself slowing down. As we know the market is driven by supply and demand and i should think that the supply for bitcoin right now is high.

Don't you worry. Just hold on to your Bitcoins, sit back, and relax. Starting yesterday, actually, Bitcoin is already moving forward. It was in the days prior when Bitcoin's price was moving backwards. But that is through. It was mostly due to the Korean government's actions against cryptocurrencies, crypto exchanges in particular. There was panic selling there. But it was affecting the price rather small time. We are now on the road to another all time high.

I think this is clearly related to the South Korean government's decision, especially the South Korean financial authorities, they have deployed tax agents and police to conduct raids on six local banks, and  the Cryptocurrency Exchange (Coinone and Bithumb). Both are the second largest virtual currency operator in South Korea.

Read more at
https://www.bloomberg.com/news/videos/2018-01-11/bitcoin-drops-as-south-korea-constructs-trading-ban-video
Based on Bloomberg data, Omnitel, which owns bitcoin remittance business, fell 30%, Vidente shares plunged 29.96%, Digital Optics slipped 14.42%, and KPM Tech fell 4.90% in today's trading.

the bitcoin price increase and the decrease in every time and we have seen this before, it always happens like this. and only people which not patient that will not take any profit. so if you want to make a profit, it is better to hold your bitcoin until the price back increases although no one will know, at least you still have a chance to sell at the higher price if you wait. but if somehow you really want to sell your bitcoin, make sure that you still could make a profit although it's small profit.

yes, everybody is talking about bitcoin which is decreasing sharply, and this is the effect of south korean government decision, same as happened with china, which resulted in bitcoin price down too.

It is true that bitcoin prices have decreased sharply in the recent past.  Several factor have been held responsible for downfall.  Christmas celebrations: as people in the world were to celebrate Christmas festival so they were busy in that and also needed money for celebrations as a result instead of buying bitcoins they were selling it and ultimate effect was seen as oversupply less demand and decrease in prices.  Other factor affecting the downfall being South Korean drama of banning bitcoin.  United States of America taxing Bitcoin is also one among major issues responsible for sharp downfall. 

But surprisingly why above factors forced decline of bitcoin prices only as prices of other coins has increased in the same period.  So there may be other reasons responsible too.  There may be reasons of higher charges on bitcoin transactions forcing people to divert their investment from bitcoin to alt currencies.

But definitely the future of the bitcoin is very bright; provided it is saved from the bad interventions of speculators.

Yes those news surely had an impact on the Bitcoin markets. Also the fact that coinmarketcap decided not to take some south korean exchanges into account anymore when calculating the average prices surely had its effect. But I believe that this stuff only has minor effects on the overall market. As we have already seen the recent example of chinas crackdown on ICO's, this only has temporarily effects until Bitcoin evolves stronger than ever from this "crisis".

many holder are living in korea so when this news spread they have to sell their bitcoin and altcoins to avoid loss and this affect the price to go down. and this dump should be belong to korean holder just like when this happen in china but later bitcoin and altcoins recover. so it will take time again for bitcoins and altcoin to recover just don't panic selling and start buying and start holding.

yes i still remember when china banned ICOs
at that time, China's news to ban ICOs had a very strong impact on bitcoin prices
but after that, slowly bitcoin prices recovered and now here we are at $14k

News about Bitcoin always has an impact on it price fluctuation, but much more is the issue  of  investors taking profit between December 2017 and  January 2018 for the festive/holiday season, as the year is just beginning, hopefully  the  price will increase  and  be stable by the end of the month

Yes of course this is news, even more can be said not cautiously told the word of one politician. The market of crypto currency is still in the developing stage and quite responsive to it. But already now it is possible to say with confidence that the market is growing and the influence of news is becoming less noticeable.

Misleading articles and news like this and other FUDs affects the price badly and negatively. So far these past few days, there have been numerous news like these that came out along with the correction that the price is experiencing. Even though that the bill in Korea is not yet even ready, or that their hasn't been any significant change yet, such news have made an impact already on the price. This has been the trend for now.

What is this delusional crap in the past 24 hours? Dropping from 14k to 12k? Seriously?!

Mainly FUD from different sources. ICO banning by South Korea is now old news that is not the cause of this probably. But let me guess is this something new in crypto? Its not because its a monthly dump that occurs and new people cash out on it.

This is a good time for people to get into the market. People wont be able to buy after this when the pump occurs by whales. There may be some news coming up soon why this happened but I am sure the market will recover in a few days whatever be the reason.

no its not, even other country, but the whales has , they are the waves of earning if you have a tip from a whale grab it you will earn and learn.

Decisions from south korea do not affect the price of Bitcoin. Bitcoin is down because many traders and whales decide to sell their Bitcoin shares to invest in ETH. Upcoming ETH will hard fork that is why Bitcoin prices are going down.

It is possible that it could be one of the reasons why the price has dropped but I would not worry too much about South Korean government because there are still other countries and citizens from all over the world supporting and are loyal to bitcoin. For sure some are holding on to their bitcoins and are keeping them for long term too.

The fall in the price of bitcoin is no way connected to the decision of the south Korea government, because if you know bitcoin very well you will understand how it work's by this time last year 2017 the price of bitcoin was not up to $2000 but in may June the same year it rises to $5000 to $6000 and before the end of the year 2017 bitcoin was high above $10000 to $20000. So this current happening in the price of bitcoin is part of bitcoin nature always volatile.

Just don't be so much worry about the price decreasing, it happens and will happen even in the future that some traders will really switch to other form of investments such as what you have said, but one thing is for sure it will increase although not now but maybe tomorrow, after a month or year just hold what you have.

I read yesterday that Indonesia banned any kind of cryptocurrency declaring them ilegal. Maybe that is the reason.

Fud is always going to affect the value of bitcoin and crypto currencies. We could just be seeing a slowdown after the hype of the tail end of last year. Some expect crypto to be a quick way of making money but in reality many high price coins have been around for a while and took a couple of years to reach the value they hold today.

I think that price of bitcoin is linked to such things, as they often cause panic among bitcoin holders.

If you are to look at it, South Korea is just a small market. It may or may not affect Bitcoin's rate (Who knew) but we are fully aware that this industry is volatile, The dropping of rates is normal but for Bitcoin, it's quite alarming. At what I see, Some users are panicking that's why they tend to sell their coins to avoid losing much more that causes the dropping of the rates. Hence, It wasn't a good start for Bitcoin this year but let's see how far will the drop go or will Bitcoin's rates rise and make another history.

*Let's hope for the best, Be patient and don't panic*

I agree to this. The market is no doubt volatile and south korea has either nothing or something to do with the current price of Bitcoin. But I think the main problem here is that FOMO is depleting, the hype has gone down, and some of those who got into the Bitcoin train know nothing about Bitcoin, that's why they are panic selling. I think it is a good thing because it cuts out those who are weak.

I Think It's Going to be 8k-10k soon .  ;D

Yes I think thats the main reason why bitcoin prices decreases sharply its because south korea's government decisions to banned bitcoin.The investors get panic and get their money in investing its affect the price to decreases rapidly.But I am hoping for its recovery and get back to increase again soon.

I think not, but today BTC is experiencing a very drastic decline
is it possible for all investors to withdraw all their assets, I do not know that
maybe they are shifting investments to altcoin, because the latter issue says bitcoin will fall, I do not know we see the development

Yes not only the bitcoin price went down really hard but also other small coins went down quite a lot. But i think that is because of the upcoming chinese new year.
I think that after that the bitcoin value and a lot of other coins will go up again.

it seems that at this time many new coin is down very dear yes gan. if this is going too many friends are restless because the price of coin down, hopefully coin down not with a long time, because it's really unsettling

The banning decision of South Korean government could contribute on this part, but it doesn't mean the bitcoin is really affected on it. Countries support towards crypto is very in big help as it boost trust and confidence of investor to invest more. But we can't push them since they have also a protocol that could limit their power as bitcoin is being decentralized which is in contrary to it's system.

Now every coin's value has drastically come down. South Korea decision may be a reason behind but still there might be other reason behind. There might a other other reason for today's drastic decrease. ETH's hardcore is about to come and is it causing the reduction of prices?

So many investors would start buying coins now. I am sure there is again going to be big hike. Lets hope so.

yes currently bitcoin is experiencing a very sharp price decline
some people may panic and sell their coins
I hope this will not last long because of course it will affect the investors

Unfortunately, Today there was a big fall in Bitcoin  price ( Decrease by 16% in last 24 hours) and It has now become 11K . Furthermore, this is the weakest price in recent times and this drop has negatively  affected The majority of digital  currencies.

Otherwise, The main reason for this crisis in value of bitcoin is the huge increase of the selling amount in a small period and the problem is many transactions are achieved at the same time.

China next, back to 5k in next 2 weeks? Glad i sold at 17.7

Yes.Now it's price is around 12k usd.But don't worry it will pump again soon.

Yes now bitcoin price is around 11k i think but i have trust in bitcoin i will hold it until 20k comes again

Don't you stress. Simply clutch your Bitcoins, sit back, and unwind. Beginning yesterday, really, Bitcoin is as of now pushing ahead. It was in the days earlier when Bitcoin's cost was moving in reverse. Be that as it may, that is through. It was generally because of the Korean government's activities against cryptographic forms of money, crypto trades specifically. There was freeze offering there. Be that as it may, it was influencing the cost rather little time. We are currently headed straight toward another unequaled high.

It is just another lucky buy opportunity. I don't believe it has much to do with South Korea news or others. When Bitcoin was close to $20k, I remember thinking "wish it was still cheaper, so I could buy some more". This is the day! Can it get any cheaper? I don't think so, but what I am sure about is that It will hit back to $20k again.

You should be currently buying because the price is going to rise very soon. The Chinese government are not going to ban bitcoin or ever they were just seek to regulate it just as they South Koreans are doing.

Most probably because of South Korean whales are releasing a lot of bitcoins in their possession. I think the korean government is pushing to banning bitcoins in SK forever. But I think, the South Korean government will eventually lift the ban after finding a way to regulate the circulation in their country.

At present, Bitcoin's exchange rate is being influenced by negative news from everywhere, especially in Korea, when it is reported that the Korean government will ban Bitcoin in their country. Thus, the impact of the current rate of Bitcoin, which makes the cryptocurrency market become unstable.

Of course, the excitement in the market. Someone refused, somebody banned it and prices fluctuate. Some countries do not want to mess with bitcoin and just try to ban it.

With the decline of bitcoin so drastic there may be a link in closing the bursa in china and the news in south korea but if according to my prediction all coins will return to normal including btc so no need to panic. 8)

they start worry about rising bitcoin market. big market and millions of dollars out from them banking system.
like china will try to make bitcoin limited. and then will have time to design it own coin and will start selling it.
people should think about bticoin as more than money and keep it for some time.
government will selling gold to buy bitcoin or more

even this may decrease i believe that it was a temporary and everything may back to normal better to be patience on it, yes we can expect everything so this scenario or situation may expected for.

Rumors can easily spread throughout the network, it may or may not affect it. The government of South Korea is trying to implement a law that will completely ban trading markets of any cryptocurrencies in their country, but it will need a vast majority of votes from its national assembly which consists of less than 300 members.(Just saw it on the news recently)

One thing I know for sure; China banned bitcoin in their country but bitcoin didn't stop from gaining more value after that. We still have Japan, and buyers will flood the Japanese markets.

You can read more here: https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-idUSKBN1F002B (https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-idUSKBN1F002B)

no need to worry , price will go back to moon again in soon future.

 >:(I dont know when someone will create a non centralized bitcoin exchange, I know there are people who can do this, if you have the knowledge.Someone needs to make a bitcoin exchange peer to peer exchange like napster was to eliminate these centralized government mafia exchanges, then the world can have real freedom

Exactly, it is a good time to buy Bitcoin, if you want to invest in the long term.

i believe bitcoin price too low rightnow just happen a short time, so when bitcoin too low rightnow we should be ready and hold before making any decision to sell, bitcoin  will rise back again in the future, that is undeniable, so selling to cut losses will not a best idea now.

Bitcoin's price decreased from 14,000 USD (january 1) to below 11,000 USD today... And decreased almost 18% overnight.
Korea is one of the countries with the biggest number of crypo investors, and i do think that the news that was issued last week was ONE of the MANY REASONS why there has been a downfall on bitcoin's price. Korea is preparing a legislation to ban cryptocurrency trading, but its not yet been finalized. Korean citizens are making a petition not to ban crypo in their country.. and hope they will consider it.
But lets not stick on that. As i've said its only one of the many reasons of its price fall. Besides, price fall is normal in crypto... And im still positive that its price will still go up.

Reduction of the price Bitcoin should be expected. No asset can constantly grow. But I believe that the growth of Bitcoin will resume in the near future.

The major reason for the decrease is the chinese lunar year. It will increase in the upcoming days and no connection with skorea.

This situation is repeated every year. BTC will grow. It's unavoidable

I think if many countries continuous banning bitcoin the value will constantly decreasing because many people in that countries will sell their coin and the demand will be decreasing also.
I recommend just hold your coins and dont do panic selling because that is also one thing contributing why the value of coins continuous decreasing.

Its a combination of regulations from Korea/Russia, futures trading and exchange issues like kraken going down. Good news is that the recovery (https://coinpricetracker.com/news/cryptocurrency-market-quickly-recovers-major-sell/) is under way.

Yes ! I think so too . because of their decisions to ban the altcoins , of course bitcoins price will be affected too because somehoe they are connected. Bitcoin is not the only one that decreased sharply, altcoins also . Ive also heard some rumor that these days about the drop price of the bitcoin and altcoins, theyve called it BUY days.

The south Korea government has nothing to do with the fall in the price of bitcoin, the fall we are experiencing now is part of bitcoin for God sake you don't expect the price of bitcoin to keep rising all the time, bitcoin is very volatile and at that it price go up and down that is the movement. Bitcoin is decentralized and at that it is very difficult for any government or person to control it activities bitcoin work on the economic law of demands and supply.

First, South Korea did not prohibit trade in crypto currency. There, only exchanges and exchangers are checked for compliance with their own trading rules. Secondly, the price of bitcoin has already started to increase today. If yesterday the cost of bitcoin was within 10 000 dollars, today, according to CoinMarketCap, it becomes 11 774 dollars. This day the bitcoin increased in price by more than fifteen thousand dollars. Not bad. Apparently, it will no longer fall, as predicted earlier, to 6,000 - 8,000 dollars. Along with the bitcoin, the violas began to rise, which can not but rejoice.

Most likely so. South Korea made its decision and of course the price went down a little because of it. Although, on the other hand, it looks like it's just a coinsidence.

The market's value is always depending on the supply and demand of every cryptocurrency that is listed. Another thing is that, altcoins prices is based on bitcoins so it was normal for other alts to decrease its value in the market, the best thing to do is read different positive speculations and news to boost your confidence if you are worried about the downfall of prices.

Dropping of bitcoin value might be cause of some countries policies but definitely it doesn't not wholly depend on it.There could be a lot more complex reasons why bitcoin value is decreasing, but don't lose hopes because what is happening to this digital currency is normal because of trading activities depends on demand and supplies and some reasons that is not known to us.

of course, the South Korean government's plan enacted rules to overcome cryptocurrency speculation, leaving investors fearful early last month.
can not deny, that, such news often makes the price of cryptocurrency like bitcoin and other decreased.

Maybe it's the reason. But this fall makes a great impact on its demand. The sudden fall afraid every bitcoiners to invest more. Most of them believe that bitcoin is going to its end. So the lack of demand makes bitcoin to fall again and again.

I don't know what really happened but i do know that it got something to do with different countries banning and regulating bitcoin. As fearful as it get,  the more country who will regulate bitcoin trading over their land,  the bigger the impact to bitcoins price. But their are some intances that we can relate the crashing of btc to its yearly cycle. Every year bitcoin crashes at some point and gets back up naturally, if it continue to rise we can relate it to what happened last december. So, i guess with bitcoin crashing a little, plus the problem with some countries banning and regulating bitcoin, it resulted to the total crash of bitcoin.

I agree, I think South Korea government has something to do with bitcoin's sudden price fall but it is only part of it. Most of the government still don't accept bitcoins and other cryptocurrencies and they even want to elimenate or ban them in some countries, so if it would happen then bitcoin's price will fall down and it will become a serious problem for bitcoin users like us.

I think people are not just afraid of the fall that they are worried and panic to see the price is decreased sharply and I think this makes the price is down too far. but for people which know that bitcoin price always bounces up, they are using this opportunity to buy more bitcoin so they can have more bitcoin in their wallet and they only need to wait until the price is back to normal again. but on the other side, many of us trying to hold as long as they can because they want to make a big profit in the long-term.

crypto market is taking a correction. we saw a massive jump in the price of every crypto last year. Correction was inevitable after that massive jump.

I think this is just a trend in the crypto world. all i know is that it will soon bounce back to what is expected

Everytime that bitcoin is decreasing, the hope of others are also decreasing and creating their own panic pressure. I don't know why some people are easily to be scared by this unhealthy stage of bitcoin. As we make a review the nature of cryptocurrency we can notice that the rise and fall always occur. And so panic stage is not actually necessary and whenever a person is on this stage he/she is usualy commit a decision without the guide of studying.

The decision of the South Korea government has considerably affect the demand and hence price of bitcoin. However, there are other factors like the rise in demand for other altcoins which have also contributed to this great fall

In fact, it is easy to see that bitcoin prices have dropped significantly compared to a few months ago. I think that is the inevitable consequence of the historic milestone of $ 20,000, the decline in value to create balance is a natural process. At the same time, bans issued from other countries also have a negative impact on the value of bitcoin.