The fall is affected by South Korea's closed exchange?

[alian17]

The overall decline in the market, is it affected by South Korea's closing of the exchange?How do you see it?

[jimmyjohnjimmy]

Usually it is something to do with something getting closed, I remember when China banned ICO's and the price took a hit. If you are going to get involved in cryptocurrency you need to be used to the market jumping a lot.

Also usually after a hit, it recorrects itself and keeps on going.

[Sevarchik]

It was after coinmarketcap exclude volume of Korean exchangers.
Many players accept it how outflow of funds from cryptomarket

[thedec4]

Yeah theres been a few times coins have dipped and its been linked with things closing. Just buy more on the lows and expand the portfolio.

[cheezcarls]

I agreed that part of the "fall" of Bitcoin and other altcoins were due to CoinMarketCap excluding the Korean exchanges. On top of that, Park's statement in submitting a bill to ban cryptocurrency exchanges in the entire country plus the raiding of Korean-based exchanges like Bithumb played a part of the altcoin downfall.

However, it's rebounding slowly. There's no way that Korean could stop cryptocurrencies from growing despite the ban. Also, Koreans are always finding new ways to trade without getting into trouble.

[makuny]

It was after coinmarketcap exclude volume of Korean exchangers.
Many players accept it how outflow of funds from cryptomarket

Sure. And many people sell to fast
Is time too buy cheap your favorite coin

[Pengbin0211]

Maybe most of the people called it ‘fall’ and worry about bitcoin and altcoins
will die in 2018 .
I do believe it is just a correction.
Hold and hold

[Zero1One0]

Just FUD at this time. Nothing concrete atm. Similar to China ICO ban last year, don't panic and HODL!
https://twitter.com/iamjosephyoung/status/951371861081800704

[Tone147]

If South Korea also closed its exchanges, the short term would be a bear market for the entire cryptocurrency market, just as china did last year.

[NaissuR]

it was just a FUD... :/ you can go read news now

[Aminmon]

South Korea has confirmed that it will not close the exchange, which is a fake news, which makes me nervous today because all of my encrypted money has gone down.

[rallyko]

of course! But it seems to me that on this news the big players fixed profits and then bought altcoins at low prices. So in this situation I do not see anything terrible. 2018 will still be the year of growth of the entire cryptocurrency world.

[makuny]

South Korea has confirmed that it will not close the exchange, which is a fake news, which makes me nervous today because all of my encrypted money has gone down.

I hope you have not sell you coins.
Panic sell's not good.
See Ripple. Falls hard and now now news and boooom....

[hukaze]

Yep.. and as others have said.. use this as an opportunity to scoop up some cheaper positions..

[strickland]

The overall decline in the market, is it affected by South Korea's closing of the exchange?How do you see it?

Not really, the Holidays just went by so there may be people selling coins that they got for Christmas.