Quote from: btcforever2018 on December 29, 2017, 04:16:11 AM

Look no further than South Korea!

What was starting to become one of the major hubs of bitcoin trading got some rather harsh news last night.

Well it wasn't actually all that harsh, but apparently those selling bitcoin think so.

In news out last night in South Korea, regulators have announced that they will be regulating cryptocurrency exchanges.

What does that mean?

It likely means several things.

The big requirement going forward will be that exchanges will be required to verify their customers before allowing them to trade, which would go along with rules other financial exchanges abide by in the country.

That doesn't sound all that bad.

What was likely scary was the part where regulators said that they might also shut down some exchanges that are not abiding by these rules.

Which as you can imagine read like, "oh no exchanges are going to be shut down!".

Luckily that is not the case.

Losing 10% in a day is not really anything special for bitcoin, I think you are making a mistake looking for some kind of reason for the movements of bitcoin, this is just the way bitcoin moves, now if we were talking about losing like 30% in a single day then I will agree that will be an alarm sign and that we should look for signs of what happened.