FUDs from South Korea Still Rattled the Market

[CryptoBry]

The latest debacles coming from South Korea reminded s of what happened with China last year which ended with the government's policy to ban all official cryptocurrency trading and just recently the pressure to Bitcoin miners to scale down their operations which is subtlety telling the message for them to get out of the country as soon as they can.

The market reacted to the news that South Korea is preparing to ban cryptocurrency trading and although it was not really the official position of the whole government this is just another reminder of how the power of the state can be use to suppress cryptocurrency movement. Hopefully, South Korea will not be following the mistake made by China.

When cryptocurrency is pitted against the government, people can easily be afraid and lose faith on the cryptos they are holding. Sadly, this is all part of human nature and part of the market dynamism we are into.

[tigan_gangmei]

FUDs might tun into whale when crypto crashes. Its all about business for them. They are not really interested in blockchain, just money, which is the root of all evil.

[zenrol28]

Absolutely. But veteran hodlers would not be budge by this kind of FUD. And it is a great chance to buy back some more when the market crashed because of these FUDs.