/biz/ - Business & Finance

>>5544980
MFW biz is filled with brainlets that think its the end of crypto in Korea.

Its time to sell all of your bags anon, you need to drop this shitcoin for sheldon cooper coin, fudfair and Verge >>5544980

>>5545020

someone has to lose for us to win

These icon fud threads seriously making me consider putting a ton of money on ICX

>>5545020
1. It's not the end
2. This is old news
3. ICX has a legit company behind it and is not some shady ICO that won't comply with regulation
4. ICX has been doing this sideways movement between 30-34k all day now, it's literally nothing new.

>>5545068

>>5545020
I live in Korea and I can tell you nobody gives a fuck about this. Government action is commonly disregarded.

dump it

>>5545068
You should.
It's a third one in the last hour that I've seen. I literally have no time to refute this shit anymore.
It's all bullshit and the same arguments
Every. Fucking. Time

The issue here is that so many banks are shutting down their Virtual Accounbts that allows users to buy Crypto on Coinone, Korbit or Bithumb. Woori Bank (a bank partnered with ICX) was mentioned as one of those closing all virtual accounts starting next week. This is alarming and for now I've shored up profits and will wait this storm out in ETH. This new bank issue and the delay of main net just isn't smart
to hold ICX while so much confusion is going on. Good luck anons.

>>5545042
Kek

>>5545119
thanks, the one anon that isn't retarded here...

>>5545119
lies. I've never seen a korean flag on boards that have them. Prove it by posting in /pol/ or /bant/ and say "proving a faggot wrong" and link to it. Otherwise, you're lying.

I literally panic sold for the first time in 2 years

It looks bad right now, but I am sure it will go back up. Mostly because I have 60% of my portfolio in it, and it has potential to actually hit 50$+.

I bought 1000 at various prices from 3.80 up to 6.40, so I am only at about a 40$ los right now.
It hurts knowing 2 days ago I was up 2400 USD on a 10k portfolio, and now all my gains even from buying 2800 XRP at 45c have been wiped out, but I am in too deep.

I am tempted to buy more, but realistically this shit could drop to 1-2$ before it rises again.

Either way buying more at 4.50 is not worth the risk.

Let us hope Korea brings us good news.

>>5545068
Always do the contrary of what /biz/ says. So now it's the time to buy. When they start shilling ICX again you sell and wait for the dip.

>>5545179
what are these virtual accounts they talking about? You can buy crypto with actual bank accounts?

The Korean government might ban crytocurrency all together... the question will be: do we need Korea to proliferate in the future?

Icon is the new link meme desu

Read the fucking article - not only the headline fucking faggot. No they are not banning cryptos in Korea.

http://sys.4chan.org/derefer?url=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fpamelaambler%2F2017%2F12%2F12%2Fsouth-korea-is-not-banning-bitcoin-trade-financial-regulators-clarify%2F%2332f64c9a1427

How fucking retarded can biz be?

>>5545216
So when everyone said to hold LINK cause it would just be a "dip" that was a good idea? We all know what price LINK went to... constantly going lower and lower. This is clearly bad news. If you're going to hodl then fine. But if you would rather sit in ETH/BTC or even fiat then I don't blame you. New years is coming up and I expect more sell offs

>>5545119
>>5545194
Rekt

>>5545211
This news hasn't affected the price AT ALL

What are you guy on about? It has been sideways all day lol

>>5545293
That would be doing what /biz/ says, not doing the opposite.

>>5545285
It's honestly sad that I'm only up 20x against these people this month

I should be swimming in money right now

>>5545242
Virtual accounts are "financial institutions that handles all transactions via the Web, e-mail, mobile check deposit and ATM machines. By not having the overhead of physical branches"

So whatever bank you use to buy crypto on Coinbase/Kraken/Whatever exchange--- you use a virtual account to link your card to the exchange to make the transfer of funds.

South Korea just stopped many Banks from making this possible. How is this not bad news?

>>5545194


>>>/pol/154717139

Can't believe you made me do this.

you should've bought the dip

Great Crypto Pump Group! One Starts tomorrow: https://discord.gg/vNGsENy

Whales pulling a fast one on weak hands.

lol you ICX fags are fucked. yeah they didn't really ban crypto in china either, but that didn't stop NEO from getting fucked in the ass all year.

>>5545321
lol choak on a dick
>>>/pol/154717139

wut if i told you that one of the founders of coinone is also one of the founders of Icon

https://www.youtube.com/watch?v=4Q1s9CvHGWo&feature=youtu.be

>>5545326
The fuck you talking about?
We dipped from 5.40 to 4.30 in literally 10 minutes.

This is the dip, anon-kun. Dont miss the boat. Jan 28th mainnet launches. They already have actual proof of concept (google ICX vending machine)
Only shit coin on the entire board that actually has a fucking product.

https://discord.gg/aaHZDfV
^ Wolves if you want to learn TA/signaling

>>5545399

Damn. Anon delivers.

I concede.

Where should I send my Bazinga Coins?

>>5545512
>promotes his discord group
>shills news thats literally a month away

>>5545321

I was the one who was rekt...

>>5545532
I completely understand your skepticism around here.

>>5545571

So then, do average koreans know about crypto? Do they care about ICX? Have you seen it on the news or anything?

>>5545598
It's pretty hysterical. Koreans love to pick a trend to collectively follow. Right now cryptocurrency is the shit. I've seen old men trade bitcoin in coffee shops.
That said, I don't think most of them have even heard of ICX so far, but knowing how ultra-patriotic koreans can be it's got some nice potential. That's just my opinion though.

>>5545729

Thank you anon for proving me wrong.

How worried are people about Lil Kim blowing everyone up?

>>5545211
>I am sure it will go back up.
>because I have 60% of my portfolio in

Refreshing to get some decent TA from /biz/

>>5545784
Unphased. They've been listening to NK's empty threats for the past 60 years. Nobody takes the north seriously.

>>5545729
most of us gooks trade on our own exchanges. if it gets listed its gonna blow.the.fuck.up. because, you know, being nationalistic fucks we tend to value our own shit more than any coin them foreign mongrels put out.

>>5545552

Free Signal for you anon

https://iex.ec/


https://discord.gg/aaHZDfV

You'll see why i use them

south korea no longer adding new coins. pretty bad news for ICX i'd say

http://www.newsbtc.com/2017/12/15/korean-exchange-association-will-not-list-new-cryptocurrencies-notice/

>>5545869
>Until Further Notice
its because the government is scrambling to put regulations in place before shit gets outta hand.
im speculating thats why ICX mainnet was pushed back

>>5545937

yeah, in other words ICX is gonna go down for 2 weeks. i'll buy back in later.

>>5545840
I expect to see the usual split. Half the korean population going wild for the local shit, the other half shilling foreign coins. Just like with politics.

>>5545869
Did you even look at the date?
That was written 2 weeks ago, and Icon STILL did like 500% or some shit.
It grew too fast, and now it is correcting to where it should be. Some of us are crypto noobs, didn't know about the ICO and bought in because of FOMO at 5$ +.

All we can do is wait.

>>5545179
You fudders arnt even trying anymore

>>5545969

ehh

>>5546008

right, but i would say 100% of the people who bought this token didn't know about this. so everyone who thinks this is gonna be on coinone tomorrow or next week, they are wrong. NO COINS BEING ADDED TO SOUTH KOREAN EXCHANGES UNTIL FURTHER NOTICE

http://www.newsbtc.com/2017/12/15/korean-exchange-association-will-not-list-new-cryptocurrencies-notice/

im holding until january 24. And buying more when it hits below 4 dollars

>>5545869
Regulations on jan 1st allow coins again.icx is fine, government supported, and owned by the same company that owns the largest korean exchange.Do the math brainlet.

>>5546122
>being this stupid

Lads please listen

Let's cease talking about ICX

The weak hands are gone, and people think this coin is shit due to the shilling.

Let people forget about it. We have nothing to discuss until either ta added to another exchange or Jan 24 when mainnet launches.

STOP THE SHILLING

>>5545469

stop fucking measuring in fiat you goddamn motherfucking brainlet

>>5546381
>making such a brilliant argument

>>5546390
thats right call. ppl fudding to get cheap icx. every fudder know how big is icx so they fud to scoop in less price, let them do weak hands sake out. then we moon

>>5545440
=O

Dump for now pick-up later when Korea works out what the fuck they are doing with crypto.

Icx will be back with vengeance, but there is a clear drop occurring, slightly slower than I had expected, but remaining consistent. This will fall a further 80-120% over the next two weeks. Unable to determine the next move with any certainty beyond this timeframe.

>>5546974
It's going to drop 120%?

>>5546974
fudding to new level

>>5546974
The only reason I'm just going to blindly hodl is because of the fucking transaction fees and the hassle of not being able to buy icx directly.

I have about $300 worth, and I'd be wasting half just on the extra fees

>>5546974
You heard it here first /biz/. 120% off.
Sell now guys. Enjoy losing even more money trying to get back in when it shoots back up.

>>5547110

this

fucking morons

>>5546974
Fud supreme!

If anyone thinks ICX is crashed is a moron and doesn't understand what price discovery is.

>>5546974
>Korea works out what the fuck they are doing with crypto
it will be too late then. crypto is deeply embedded in the infrastructure, its not going away. current regulations and news prove crypto is gearing to go main stream

>>5546822
Bitcoin is dying - maybe you should rethink your stupidity.

I have recalculated my projections within the context of community feedback with a new and improved analytical mechanism- which is vastly superior to the common technical analysis paradigms - has reported an 80-140% loss. The numbers are an authentic representation of the underlying chaos particular to the human psyche/ market interaction complex.

This is a final warning.

>>5547693
kek keep it up, proud of you

>>5547693
Away pajeet!go shit over there!

>>5547693
Wow that's cool.
How'd you figure that out? Please explain
80-140% is a pretty huge variance. Don't have ICX but I guess I should wait

>>5547693
Nice recovery

>>5545068
It’s a Korean scam anon don’t
Please stay away I’m protecting your money

>>5547755
I will not explain myself at this moment in time as I am very short on time at this particular time. For further information I highly recommend checking out the book. It delves into such exquisite and intricate detail. It is available free on The Internet for a small price plus a small fee.

I can send you more details if you provide your bitcoin address. Ensure to give the private key so I can be assured you will not be scamming me.

In the memetime, everyone please stay safe from the Koreans.

AHHH I'm new and not experienced enough to sift through all the bullshit guess I'll just HODDLE and see what happens ahhhhhhh

>>5547073
he's pretending to be one of us

>>5547978
What is the book called
When you say it's free for a small fee what do you mean? You get a free trial but have to pay to read rest? How do I find that address I will send it to you since you are helping me out but I don't know how

>>5547035

Yeah, when you go to buy the tokens they give you the tokens for free, and then give you 20% of the token value in fiat. It's a pretty good deal.

It has only been value in $ for the last couple hours due to the drop in btc and ETH price but it has remained stable sats.
I think instead of fighting fudd, we should fud, I want to buy more cheap ICX.

>>5548230
You win, I'm bored.

>>5545822
My sides

North Korea confirmed declaring a war against South Korea, sell while you can, thank me later.

http://www.bbc.co.uk/news/topics/idhu837jfh/north-korea-declares-war

>>5548622
Why do I always fall for these

>>5544980
Buy xrp on dip. Safer

>>5548736
Sorry, anon. I just had to.

>>5547324
>price discovery
thank you for making me google that. seriously.

>>5547693
>babbys first thesaurus
hows 1st semester of college going for ya?

>>5547978
>give me your private adress, so YOU CAN'T SCAM ME
>in the MEMETIME

>>5544980
https://www.forbes.com/sites/pamelaambler/2017/12/12/south-korea-is-not-banning-bitcoin-trade-financial-regulators-clarify/#4a6b36e81427

this is going to be fucking huge, don't miss this once in a lifetime opportunity

>>5550343
Huge? That's damage control, because MIN failed about the communication between their DEV team and the investors in the TG grp.

He confirmed 5 days ago, that main net is launching this month. THIS WILL BE YUGE

Our agents have reported that a 4chan user in Tallahassee made 4 btc off a 1 btc investment in ICON, we must take action immediately

Wow, it’s actually going up. That one shill who talked about a pump coming up was right. Kept all my coins. Didn’t sell any. Anybody who did probably has ADD.

“NOT LISTD ON NEW EXCHANGE GUISE”

It just got listed on huobi, 30m ago. Kys for selling or doubting based min

>>5550741
Is that why it’s going up?

>>5550761
https://www.huobi.pro/

Top of the page

what do you think this will pump to?

>>5545179
nice fud, faggot. Virtual accounts lmao

>>5550940
Do you even know why I'm bringing up the news of virtual accounts? It's because you can't buy crypto unless you have a virtual account. SO wouldn't you think that as important information for the South Koreans? Or let me guess. You bought at $6.50 and just want peopel to buy your bags right? Stop trying to lure people into something that is on some pretty shaky ground at the moment.

>>5551061
*anonymous virtual accounts
Read the article. The Korean government is not going to harm crypto currency. They back and fund ICON for fuck’s sake you pajeet. I’m not sure what your angle is, unless you want the ICX price to go down because you missed out the first time around and you want to buy some at a low price.

>>5551172
Oh. You sure about that? Well lets look at the quote. "Two other banks, Woori Bank and Korea Development Bank, announced that they are also closing all virtual accounts provided to exchanges by the end of this week."

https://www.financemagnates.com/cryptocurrency/news/south-korean-banks-backing-off-bitcoin/
And just for a bit more: "Choe Heung-sik, Financial Supervisory Service Governor, recently said: “The government’s stance is prohibiting financial institutions from entering the virtual currency market or nurturing environments for trading.”

Hows that sound for Govt backed ICX? Sounds like the project is going to have to deal with less exposure to financial partners then they originally planned.

And yes- you got the anon part right how they will make it impossible to buy crypto without KYC+AML. That was a given though.

>>5550940
^

>>5551061
lol is the price now too high for you to buy in you poverty cunt? Only a fucking retard would fall for your shit tier fud. A chaebol connected, 4 billion dollar company can't operate in SK? due to muh regulations? lmao just kys you dumbfuck pajeet!

ooh spooky governement

im so scare

shaking my boots

>>5551467
SCAREEE

>>5551061

it's only an issue for dumb pajeets who buy drugs and illegal guns online to shoot up their family. I send my passport to every single exchange, I dont give a fuck.

>>5546974
>-120%

Horee shit im in debt to the kowean govewnent..
Carring uncre kim now to herp me

Fucc amewican govewnent capitarist piguu south kowean excewsise on ouw bowdew

>>5551442
>Main Net Delay
>Delayed because the Government told them about upcoming regulations
>Partnerships can't currently associate with ICX until regulations
>No korean exchange will list ICX until regulations
>People from many banks are no longer able to purchase crypto and Woori Bank (a partner of ICX) is also closing its doors to virtual accounts for people to buy crypto.

Yeah. Sounds like it's going to be an interesting New Year.

>>5545179
This is the worst FUD I have _EVER_ seen, get the FUCK out of here you stupid little dogfaced motherfucker

-거래소 실명인증: 비거주자 외국인세력 진입장벽생김. 앞으로 코인거래 및 소득에 과세에 준비단계 시작함.
-1월부터 거래소에 가상화폐 발급 재개
-시세조작: 구속수사 및 법정최고형까지
가능. 이제까지 법이 없어서 처벌 못했지만, 앞으론 거짓정보흘리고 내부자거래하고 시세조작하다 적발시 엄중처벌 가능하게 하겠다는 뜻.
-"법무부는 이날 회의에서 가상통화 거래소 폐쇄를 위한 특별법 제정을 제안해 앞으로 상황에 따라 이를 검토할 계획이다" => 제안을 해보겠다. 이후에 상황봐서 검토할거다. => 아직 진행되는 내용 없다는 뜻. 폐쇄예정이라면 가상계좌 발급도 재개하면 안됨.

기사 하나하나에 흔들려서 패닉셀 하지마시고 자기자산 지키시기 바랍니다.

전세계가 얽혀있는 암호화화폐는 공산주의 중국도 원천차단 못했고 일본 스위스등 금융선진국은 앞장서서 활성화시키는 중입니다. 국내만이 아닌 전세계 흐름을 고려하여 기사를 분별해내시기 바랍니다.

Summary of Korean regulation Article
1. Exchanges real name Verification: Non-resident will have difficulties entering in Korean market. This can be seen as stepping stone of taxation on crypto currencies.

2. Virtual bank accounts service resumption for exchanges on January

3. Price manipulation : There will be new law implemented to prevent price manipulation on crypto currencies.

According to the article it says the ministry of Law have started discussing calling of special legislation about shut down of crypto exchanges. However please note that this is just at a suggestion phase, the ministry will discuss with related departments and examine about the rightfulness of exchange shutdown. The complete shutdown of exchanges are very unlikely as vritual bank accounts service will resume on January.

Please don’t panic sell on FUD article and make wise decision to protect your assets.

Crypto market has strong resilience to government regulation. Communist party of China could not even implement full prohibition of crypto market. Financial hubs like Japan and Swiss are open to crypto currency and they are accepting the new paradigm change. Please make wise decision on your investment as crypto currency market is inevitable future.

>>5551513
Wow you are beyond dense OR you don't speak English as a first language.

Since Virtual Accounts are being blocked- YOU CANNOT BUY CRYPTO ON AN EXCHANGE.

It's as if your bank in whatever country you're in (i'm assuming India) told you that you can no longer make FIAT payments at a gateway exchange (Coinbase, Kraken, etc.).

So yes- this is more then buying "illegal drugs and guns".

>>5551545
>>5551545
lol a copy pasta from D.VA pump group. Yes. A PUMP AND DUMP TELEGRAM GROUP.

>>5551594
jesus christ kid go to bed, don't you have school tomorrow? my dad would get the belt and beat the ever living fuck out of me if he found out I was on the computer 4am when I was 16yo

>>5551545
I wead kowean an I tell you tlanswation is not ok. It faku newsu.

>>5551634
thanks, sold 100k

>>5551539
keep fudding pajeet, yeah we all know regulations are coming and icx will be one of the chosen blockchains. If anything it means the value of icx will be even higher. Keep it up tho fag fuck.

its breaking out aaaahh

and u retards doubted icx, gg buying back in now

Pajeet's fudding and icx just pumping

Man the FUD the past few days has been such low quality holy shit. Literally 10+ posts by the same people spouting nonsense. I hope no one falls for it, I don't want these dirty pajeets to get s chance to buy in any lower.

>>5551620
>>5551620
Damn no wonder you're all fucked up. TMI anon... TMI

>>5551734
>14 posts by this id
We really need flags

>>5551743
And?

>>5545293
but link is a pajeet-tier shit-coin
this is actually a solid project

i was told to do the opposite of literally everything biz tells me to do : )

>>5551734
look, if you're going to FUD, at least make it good. entertain us, jump around and do some tricks. nobody likes boring ass FUD, fuck outta here

>>5551910
LINK is a shitcoin. This is a solid project maybe in a few months time.

>>5551982
In other words: No one likes the facts backed up by quotes that prove something is going on that isn't necessarily positive. Hmm. What's your agenda anon?

>>5552022
yawn

>>5551545
Let the FUD continue, I need 2 more weeks until I can buy more

just looks like an exit pump, the moon was christmas, once again, you're all bagholding and late as fuck, this shit coin isnt going anywhere be real

>>5552100
What makes you think it won't go anywhere?

>>5552319
cause it doesn't have a working product, no partnerships and the dev team is always behind.

>>5552100
>P-please help me accumulate, Anon-Kun.
>It's not like I missed out on pre-$3 ICX or anything, b-BAKA!

>>5552100
Seems like an exit, I sold half my stack at 0.008.

There 's one month before any news, no way it's gonna moon above it.

Plus the korean FUD, that just seems like an exit to me

>>5552375
Mainnet is launching January 24th, and the product is currently working on testnet (in anycase, 95% of crypto projects don't have a working product including Cardano and EOS).

Also, you can find their partners here:

https://www.theloop.co.kr/partners

Samsung is one of their partners.

RETURN TO NORMAL BOIIIIIIS

>>5552448
>>5552375

lmao, they've had a working product for 2 years, see >>5550343

the absolute state of /biz/

>>5544980
someone unloaded his very heavy bags.

>>5545179
it's korean. to not expect confusion is akin to not expecting taxes.