Recently bitcoins plunged even lower than what it was before because of the statement made by south Korean prime minister about banning trading of virtual cryptocurrencies through exchanges
Etherum and Bitcoins are majorly controlled by countries like south Korea and now since they are gonna ban it the effects it would have on currencies would be detrimental
Would it recover ? Because it's simply bigger than China also countries like India are also thinking of putting a ban!
That is a sad reality for the whole community of bitcoin, but it might trigger more resistance especially those wanted to koin the ride of the century. As I can see it, they still wanted to control their people, but in the end people will decide for themselves. There are more countries in this world, we can survive without 2-5 countries. We have the remaining countries to fulfill our dreams.