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!
I think bitcoin are not being controlled since it is decentralized coin amd if that is the main reason why bitcoin will be ban in that country I think it has big impact since that country is already part of what bitcoin now bit I think they are not being control it but they can also destroy some by letting not bitcoin not come again in their country so that they shoul ban it for them to not already accepting bitcoin in their country. If that will be their plan, then no one could even do some plans again.