That's CNBN spreading the FUD:
https://www.c[Suspicious link removed]m/2018/01/10/south-korea-official-reportedly-readying-bill-to-ban-all-cryptocurrency-trading.html
Last time i saw a crash this intense, it went low btc went to 12k
it triggered whale and bargain hunters auto buy triggers and things flew back up to sky.
I bets gonna happen again. These are price maniluations... there are groups of guys out there who sell a ton of all same time, then it triggers stop loss and more sells happen, then price goes down so low it triggers more causing this gigantic hurricane of free fall
Then it turns around , rich load all in at bottom and the rich go buy few more islands
I read the news about S Korea parliament discussing a ban on trading. Not sure how far it is true or why but if it is, I think the markets will take a hit. Not for long because demand and new entrants from all over the world is significant. I have been getting so many people requesting me to buy BTC for them because they cant open accounts on exchanges. Most exchanges are now upgrading their systems to cater for the huge increase in number of people. Lets see.