Green dildos feel so much better after a bloodbath. Lettt'sss goooo baby

Oh well, that came out slightly wrong.

We have to give them props for being an honest joke. They are not trying to "take over the world" like bitconnect said they would do. They also dont claim attempting to kill btc by saying lies like "unilited scalability with zero fees" or scam people.

When or if you buy doge, you know what you get. So at least they are honest.

They are different blockchain.

However I'd say that one of the probable reasons behind this price decrease was people fearing regulators. I think some people fear that governmets could successfully kill bitcoin or make it obselete by shutting down exchanges or making bitcoin illegal etc. Ethereum sellers probably fear government coming hard on ICO's, which are a vital part of its ecosystem. That probably caused prices to start falling which made some panic sellers sell their entire portfolio.

Wait a minute, im seeing some green candles. What a refreshing sight. I almost forgot what they look like.

Why did this make the news?

There are economists who predict 1,000,000usd per coin.
There are economists who predict 0 usd per coin.

Who cares? I assume no one makes their decisions based on what two economists say.....or three economists.

If I were you I would not be asking if I should jump back in. I would be asking how not to get into these types of situations ever again.

I'd analyze the situation.

Why did I sell? Because of my emotions? Is it wise to act upon emotions rather than being rational when it comes to investments/financial decisions? If the fundamentals didn't change at all but the price went down then was it necessary to sell? If some other people got scared because the price fell and sold their assets at a very low price then shouldn't I be buying since investing is about buying low and selling high?

Girls aren't as visually attracted to opposite sex as men are. Men are attracted to looks much more than women.

Be a man.

Which basically means that:

1. Being confident
2. Not looking for acceptance
2. Having a purpose
3. Keeping a word
4. Having a backbone
5. Having self-control

Best way to drive any girl away from you is to beat around the bush instead of asking them out (lack of confidence) asking if they like you (looking for acceptance) bombing them with text messages (not having a purpose) doing opposite what you say (not keeping a word) changing your opinion to match theirs or agreeing to things you dont like (not having a backbone) getting angry when they dont agree to see you (not having self control)



Unless they are bunch of gold diggers who lack of self-confidence then they are attracted to money. Otherwise a normal girl isn't attracted to money. Healthy girl is attracted to successful guys who arent blowing up their phone and chasing them 24/7 but who let them miss them while they are focusing on their careers.

People like to think it's the money but it isn't. Girls are attracted to ambitious, fearless and career pursuing men and quite frankly in our society these type of men tend to make the most money as well hence the misconception.

It's never a good time to panic.

In panic you are not being rational. You are being emotional. When it comes to money/investments, being rational wins compared to being emotional.

"What to do when prices are falling?" Understand why prices are falling and if the reason behind it is actually changing the core fundamentals or not. I really think that understanding your investments helps a lot when prices are falling.


The more you understand how difficult it is for governments to "kill bitcoin" the less you react to these regulatory news. Sure, in a short term they do have an impact on the price but in the long run it wont matter.

When Jamie Dimon criticizes Bitcoin and its price falls temporarily but fundamentals havent changed then why should I react to it?

If fundamentals haven't changed then why should I do anything? Because some people got scared?

I highly doubt banks would completely disappear.

Just like digitalization didn't completely kill newspaper industry.

Internet gave us an option to read the news in digital or paper format. The same way you will have an option to store/secure digital money ourselves or to have a "bank" or equivalent to secure/store it for us. You can choose to live without using bank-like services if you wish but you don't have to.

Ethereum has a lot to improve and so does Bitcoin. Both will have many problems ahead to solve.

I think they are different thus I don't see them competing against each other. They can both co-exist and prosper.

South Korea says no plans to ban cryptocurrency exchanges, uncovers $600 million illegal trades

SEOUL (Reuters) - South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China’s tough action in blocking virtual coin platforms.

The comment by Kim Dong-yeon on Wednesday comes as traders at home and around the world have been spooked by conflicting comments from government officials in South Korea, a major hub for cryptocurrency trade, that Seoul was planning to ban local digital coin exchanges.

“There is no intention to ban or suppress cryptocurrency (market),” Kim said, adding the government’s immediate task is to regulate exchanges.

Reinforcing Seoul’s intent to tighten the screws on a market widely seen as opaque and risky by global policymakers, the country’s customs earlier on Wednesday announced it had uncovered illegal cryptocurrency foreign exchange trading worth nearly $600 million.

“Customs service has been closely looking at illegal foreign exchange trading using cryptocurrency as part of the government’s task force,” it said.

South Korea has been at the forefront of pushing for broad regulatory oversight of cryptocurrency trading as many locals, including students and housewives, jumped into a frenzied market despite warnings from policy makers around the world of a bubble.

Seoul previously said that it is considering shutting down local cryptocurrency exchanges, which threw the market into turmoil and hammered bitcoin prices. Officials later clarified that an outright ban is only one of the steps being considered, and a final decision was yet to be made.


CRYPTO CRIMES

Customs said about 637.5 billion won ($596.02 million) worth of foreign exchange crimes were detected.

Illegal foreign currency trading of 472.3 billion formed the bulk of the cryptocurrency crimes, it said in a statement, but gave no details on what action authorities were taking against the rule breaches.

In one case, an illegal FX agency collected a total of 1.7 billion won ($1.59 million) from local residents in a form of “electric wallet” coins to transfer it to a partner agent abroad. The partner agent then cashed them out and distributed the settlement to clients based in that country, according to the statement.

In South Korea, only licensed banks and brokers can offer foreign exchange services. Local companies and residents who move more than $3,000 out of the country at a time must submit documents to tax authorities explaining reasons for the transfers. Annual overseas transfers of more than $50,000 must also be reported with similar documents.

Effective from Jan. 30, authorities imposed rules which allow only real-name bank accounts to be used for cryptocurrency trading designed to stop virtual coins from being used for money laundering and other crimes.

Among other breaches, Customs said there were also cases where investors in Japan sent their yen worth 53.7 billion won to their partners in South Korea for illegal currency trade.

It said authorities will continue to monitor for any violations of foreign exchange rules or of money laundering activities.

Bitcoin stood at $10,123.13 as of 0842 GMT on the Luxembourg-based Bitstamp exchange. The heightened regulatory scrutiny around the world, however, has seen bitcoin dive about 27.1 percent so far this month, on track for its biggest monthly decline since January 2015.

Cryptocurrencies got another jolt last week after Tokyo-based exchange Coincheck said hackers stole over $500 million in one of the world’s biggest cyber heists.




Source: https://www.reuters.com/article/us-southkorea-bitcoin/south-korea-says-no-plans-to-ban-cryptocurrency-exchanges-uncovers-600-million-illegal-trades-idUSKBN1FK09J