Quote from: Kim Ji Won on January 26, 2018, 04:35:09 PM

Quote from: dothebeats on January 26, 2018, 04:23:47 PM

Not expecting any movements from either ways, but am still seeing a possible decline towards $8000 if the resistance @ $10000 proved to be too weak to hold. Also, there aren't much news circulating around to make the traders hyped and go nuts, so probably this kind of stagnation will last for months if momentum hasn't shifted back for the bulls. Somehow it feels 2014-ish since there aren't any major declines or rises, and I'm good with that.

Actually, we could expect a surge anytime soon because of South Korea approving exchanges and the use/trade of cryptocurrencies in their country. Since their move to ban exchanges resulted in a dip in Bitcoin's price because they hold up 20% of all the trade transaction in the whole world. But after some time, they finally approved it although there are some regulations that have been made if traders or investors really want to continue their crypto transactions like they have to register their real-name bank account.

Though South Korea will soon be charging hefty taxes on cryptocurrency transactions, we are still hoping that this can instead mean more participation in the market due to transactions now being considered as legal and can be done openly. Things are heating up in the SoKor market and I am sure that this can just be the start. All around Asia, there is a brewing interest with Bitcoin and cryptocurrency in general (except in China, of course).