cryptobitdaily

Cryptocurrency market sentiment (China, Korea)

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I have been following this market for 3 years and I cant count the number of time bitcoin has been death or China bans this or that. Anything that China bans is good for general public. Now we have news from Korea that they are considering to ban cryptocurrency trading so what. If Korea bans cryptocurrency someone else will open their market and buy. This is not a market that belongs to one country this is world market. There are people from every corner of the world interested in cryptocurrency.

Last time when China banned cryptocurrency bitcoin was trading bellow 10k look what happened to that ban. My advise don't get caught up in this news keep calm and keep trading.

As far as china banning mining, I believe it will be good for the mining community everywhere else. I don't believe that one or two mining pools should control the majority hash power or bitcoin and other cryptocurrency.

This bad news wont stop coming smart investors are waiting for this kind of news so they can buy cheap coins themselves. I used to be naive and get scared when things like this happen and sale my precious coins instead of holding to them.

Comments

I think both of those news were fake. The Korean one was at least. Have a look at my idea if you want, i would like to hear your opinion.
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