Quote from: tayyabdar on January 16, 2018, 09:50:16 AM

As you all aware of Bitcoin and other alt currencies are plummet due to ban of Crypto currency Exchanges in South Korea and the government was preparing a law to close all the nations exchanges this is because of speculations about illegal acts could be perform through Crypto currency.

it has never been exactly because of the bans because in past maybe 250 times a ban news like this came out and caused a big or small dip, 99% of the times it was pure FUD and there were never a ban to begin with. 200 of that 250 times it has been China banning bitcoin from 2011ish until today. and the rest have been Russia, India, and now Korea and some other countries.
the interesting thing is when a country actually banned bitcoin (example Bangladesh) nobody even talked about it and there were no drop whatsoever!

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So, my point is if anyone can give me opinion on this matter as it seems that in future more countries will follow this perception and it will badly effect the crypto market.

these things will surely slow down the progress of bitcoin (and possibly any other decentralized cryptocurrency like bitcoin, but has no effect on centralized altcoins) because it will make the adoption harder. for example merchants won't accept bitcoin as payments anymore in those countries. but it can never stop the adoption. bitcoin is still a decentralized currency and will be adopted by people and grow bigger.

additionally it is only rare cases when a country actually bans bitcoin. the rest of the world (80% of them) have adopted bitcoin one way or another. like Japan with open arms and easy regulations and no taxation on bitcoin payments or like US with a bit more strict laws regarding taxes,...