Quote from: avikz on September 23, 2019, 06:33:16 AM

Quote from: pooya87 on September 23, 2019, 04:34:13 AM

Quote from: Solenith0420 on September 23, 2019, 04:17:07 AM

Bitcoin is facing some hard and complicated situation these past few weeks.

since when a currency having a stable price is considered "hard and complicated situation"?

Quote from: Solenith0420 on September 23, 2019, 04:17:07 AM

What do you think is the big and huge effect and outcome if South Korea beyond doubt to plan and decide to shut it downs the crypto?

i think you may benefit from familiarizing yourself with the concept of being "decentralized". it is not just a word.

I don't entirely agree with your viewpoint here! South Korea is the third largest country in terms of transaction volume, just behind Japan and USA. If (in worst case) South Korean government decides to ban all crypto exchanges and declare it illegal, a huge impact will be seen in the market during the exit period. Even though the impact will be temporary, there's no way we can escape that! No matter how decentralized the market is!

I don't think the government will be able to take the pressure, if they do it, they will later retract it. Korea moves a lot of money, but they are crazy as well, the politicians panic and don't know what to do with the scandals, hacking, corruption, scams and what not, and see evil crypto as the root of evil, but that is pure ignorance and will come to bite them. As i have posted elsewhere, any country banning Bitcoin is telling wealth to go elsewhere, and you said pretty well where: USA and Japan. I don't think they can take the pressure and the people will get angry once they find out the truth...

BTW: I don't consider bitcoin price fluctuating as a sign of "complication", if anything, its a sign of freedom. Nobody can control it, and when it matures, it will be on its own. No "help" is the best help, its the one that will stand the test of time, like gold. And they should know about precious metals and jewelry as well... Also never forget, its the country with the most expensive electricity in the world. Therefore their mining is zero.