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/biz/ - Business & Finance

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5541688 No.5541688 [Reply] [Original]

https://www.financemagnates.com/cryptocurrency/news/south-korean-banks-backing-off-bitcoin/

sell now or get rekt!!!

>> No.5541719

Lol crypto is worth more then Korea fuck them

>> No.5541729
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5541729

>>5541688
>KOREAN ETHEREUM

>> No.5541749

its dipping hard, the fuck to do?

>> No.5541761

>On Monday, two major South Korean banks announced that they are closing their reward programs through which clients purchase bitcoins with credit card bonus points.
wow it's fucking nothing

>> No.5541765

>>5541749
sell, get the fuck out, tether up and hold on

>> No.5541781

DONT SELL!! NOBODY SELL!!!! MY ICX NOOOOOOOOOOOOO!

>> No.5541784

>>5541719
sell now and buy back lower. or watch your money burn. its up to you.

>> No.5541795

>>5541761
>The steps will include a ban on opening of anonymous cryptocurrency accounts and closing virtual coin exchanges as suggested by the justice ministry, the statement showed.

>> No.5541797

What the fuck is Korea going to do? It's litterally unbanable stupid fucks

>> No.5541811

>>5541761
No, it's not nothing, read the reuters link

>The steps will include a ban on opening of anonymous cryptocurrency accounts and closing virtual coin exchanges as suggested by the justice ministry, the statement showed.

Exchanges are FUCKED

>> No.5541832

>>5541797
read the article, its overblown FUD, literally joke tier shit

no change.

>> No.5541841

>>5541811
What are you talking about

Koreans already had KYC laws?

>> No.5541875
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5541875

>>5541688
FIRST YOU TOLD ME TO BUY AT 20K FOR 25K CHRISTMAS.
THEN YOU TOLD ME TO TELL AT 13.8K AND BUY BACK AT 8K.
THEN YOU TOLD ME TO BUY BACK IN AT 16K.
NOW I'M SELLING AGAIN AT 14.2K

WHAT KIND OF MONKEY BUSINESS YOU GUYS RUNNING HERE?

>> No.5541882

>>5541832
Seriously people talking out their ass

Still it's best to keep an eye out fo dumps to catch dips

>> No.5541899

What does this mean for ICX and AION?

>> No.5541907

>>5541899
Buy the fucking dip (at least for ICX)

>> No.5541915

Obvious FUD, but this does make me mildly concerned for my ICX. Somebody calm me.

>> No.5541919

>>5541688
Meh, why do you give a fuck about people that eat dogs?

>> No.5541957
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5541957

OY FUCKIN VEY! HOPE EVERY OTHER COUNTRY BANS CRYPTO!

>> No.5541961

>>5541875
Top keke

>> No.5541998

>>5541688
> wow it's fucking nothing
> Buys the VTC and RCN dips
> Proceeds to load korean porn and go fuck his kuckrean loving gf in revenge.

>> No.5542000
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5542000

get decentralized faggots, been telling you for 4 months now. This is why 0x protocol exists

>> No.5542007
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5542007

>>5541915
read the post above your and learn to strengthen your hands, m'lad

>> No.5542072

Buy payfair to recover and hedge your losses

>> No.5542093

>>5541688
Are we heading towards a crypto winter like the time after mt gox hack? Not that I mind as we can cull the shitcoins amd accumulate for 2019 pump.

>> No.5542131
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5542131

>>5541688
HAHAHAHA ICX GET REKT

SAFEST HEDGE IS LINK

>> No.5542150

I guess I will buy in tomorrow then when I wake up.
Fucking chinks.

>> No.5542163

remember the china fud? this is going to be much worse

>> No.5542166

>>5541811
>Exchanges are FUCKED

They'll just move to non-korean exchanges, no?

>> No.5542214

This is why i only buy chinese and jew backed crypto

>> No.5542239

>>5542163
Considering all the chinks migrated to the korean exchanges yeah.

>> No.5542270

>icx
>muh korea

>> No.5542306

OH. JUST GREAT.
NOW ITS MAGICALLY 14.5K AS SOON AS I SELL.
MAGIC.
LET ME GUESS IT WILL GO UP TO 20K NOW RIGHT?

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.5542340

>>5542163
>>5542239
They didn't fucking ban cryptos you mongoloids, calm down.

>> No.5542412

>The South Korean government has allowed the operation of crypto exchanges within its borders

this article means nothing

>> No.5542417

>>5542340
+ not to mention that bitcoin went to the moon after the chinese bullshit

>> No.5542440

>>5542340
Too late we are already in free fall
Fucking Head and shoulders

>> No.5542444
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5542444

>no more payback point conversion
>no more buying with credit cards

so what? small player can't buy bitcoin in 5$ batches anymore? Isn't this to make their market at least somewhat compliant?
Either I'm missing something or you're all retarded.

>> No.5542473

>>5542340
It doesn't matter if they didn't ban the cryptos. They banned the exchanges and are starting to heavily regulate them. Which means you're likely to see bans and more regulation later.

>> No.5542558

>>5542340

>major banks closing "virtual currency accounts" and not allowing clients to buy cryptos with their cards anymore
>it's nothing guys!

>> No.5542605

they didn't ban anything yet, neither are they shutting down the exchanges. That's just one of the suggested options. They're considering the option to ban trading anonymously. Which is not uncommon in Korea. You have to often use your real name even to comment on articles and whatnot in forums.

>> No.5542637

China FUD, now Korea FUD. What's next?

>> No.5542651

Yeah this was just misinterpreted FUD. The press release said they will consider banning exchanges who dont comply with the existing KYC regulations. Nothing new here.

>> No.5542663

>>5541875

Smug Pepe's=sell
Pink Wojacks=buy

>> No.5542667

>>5542637

USA FUD.

>> No.5542692

>>5542637
SEC gonna crack down on your bitchass

>> No.5542719
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5542719

this is korean 4chan for /biz/, one for altcoins and another for bitcoin. They're all getting excited and are buying the dips because people are panic selling.

So, who do you think is more right? Reuters article that poorly translates and creates FUD. Or Koreans that read the goddamn thing in their native tongue.

>> No.5542734

>>5542558
I watched the same retards spam about this shit in September when China threatened to close down exchanges and the price dropped over 20%.
What happened after that? Please tell me, spell the words out for me.

>> No.5542736
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5542736

>>5542667
You mean USA FUGG?

>> No.5542756
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5542756

>>5542719
pt.2

buy the dip you idiots.

>> No.5542765

>>5542719
Translate the most important ones please

>> No.5542783

>>5542765
Should I sell now?

>> No.5542787

>>5542719
do you have a link to this page

>> No.5542788

>>5542719

>implying you have any idea what the fuck they're saying

>> No.5542808

>>5542788
병신 파지트 새끼 아주 지랄을 해요 ㅉㅉ..

>> No.5542853

Its literally just banning anonymous accounts and people have to verify, AHHHHHH THE END.

>> No.5542862

>>5541781
keeping icx brethren.
we in this bitch, wait it out

>> No.5542880

>>5542719

These are all dog recipes.

>> No.5542884

Calm down morons, this article is from yesterday, why do you panic now?!

>> No.5542892

>>5541915
hold your ground, they will do anything to steal our icx

I bought at 5, i'm riding this bitch till it burns

>> No.5542905

THEY ARE NOT BANNING. JUST REGULATING. Classic fud, dont get cucked.

>> No.5542908

>>5542719
Kek

>> No.5542949
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5542949

This is your final warning


https://discord.gg/Za58p27

>> No.5542957

>>5542853
Decentralized exchanges you emotional thinking nigger

>> No.5542972

Why can't these fucking gooks do anything right? I guess there's a reason why they are worst Korea.

>> No.5542995

>>5542000
How the fuck are decentralized markets supposed to work without some sort of fiat deposits?

>> No.5543015
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5543015

here's the important bit from official announcement. Which basically says those who do not abide by their laws will be considered for shutdown.

Essentially, gov't wants crypto under control, not get shady exchanges to get hacked and lose shit ton of money foreign currency.

Poker sites sometimes do this too. Italy and France are reputed to be super shit poker nations, and because a lot of money is being siphoned out of the country via gambling, they made a bubble to protect their $ and made it so that it's only in-house.

Korea doesn't plan to do that, but they do want to stop some shady exchanges. Great fud really.

>> No.5543099

>>5542808

Thanks bro

>> No.5543119
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5543119

>>5541688
The Korean government is just regulating the exchanges. No anonymous trading allowed in, so every exchange in Korea has to do a KYC and need to upgrade their security measures or else the exchange will be forced to shut down.

>> No.5543131

>>5542808
nice just bought 100k

>> No.5543222

>>5542605
>dogeaterkim69
oh ching chong bing bong xoxoxoxox
-no ronger anonymoose

>> No.5543236

>>5541688
bruh this news source prints clickbait fake news

>> No.5543314

>>5542473
you guys are dumb as fuck

think about what you're actually saying... "bans", "regulations", what? They'll implement KYC if it isn't already there (in most cases it is) and forward federal tax information to government where appropriate, as any business should.

People will still be free to sign up and use exchanges just as they do now with virtually no change.

>> No.5543322

>>5543222
i don't feel sorry for you. you deserve everything that comes your way.

>> No.5543343

>>5541688
https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-to-impose-new-curbs-on-cryptocurrency-trading-idUSKBN1EM05K
Nice try

>> No.5543423 [DELETED] 

Check this discord out for some trend analysis. Check their past signals, literally every single one has come true, massive gains ahead of you anon:

https://discord.gg/USV36RY

>> No.5543464

Why is biz so fucking garbage?

>> No.5543465

>>5542880
MY SIDES AHAHAHAHAHAHAHAHAHA

>> No.5543476

>>5543423
scam

>> No.5543507

also to add, this is probably done also to combat the underage kids trading.

>> No.5543574

if you guys seriously don't understand that there's an organized attack against a grass roots political movement such as bitcoin, you're deluded. these people spreading FUD are paid to do so.

>> No.5543594

>>5541875
lmao

>> No.5543624

>>5543314
exactly, if anything this legitimizes crypto.

>> No.5543628
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5543628

>>5543343
>https://www.reuters.com/article/uk-southkorea-bitcoin/south-korea-to-impose-new-curbs-on-cryptocurrency-trading-idUSKBN1EM05K

>“The government had warned several times that virtual coins cannot play a role as actual currency..."

>Only use our currency goyim

>> No.5543663

>>5543628
til Jews live in East Asia

>> No.5543708

>>5543663
They live everywhere there is a central bank.

>> No.5543821

>>5542756
>>5542719
My gf is Korean and she said this is literally just people shilling their shitcoins and memes. ICX isn't even mentioned

>> No.5543830
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5543830

>>5542808
please stop bragging about your love life and tell me if i should sell

>> No.5543872

>>5542880
kek

>> No.5543940

>>5543821
i never said ICX was mentioned.

people are hardly shilling shit. I mean maybe the whole thing about bragging buying things at a discount can be considered a shill. Good portion of the threads are about how they are all buying shit right now at a dip. If you go to the forums now, it's mostly about how it's already recovering and all burping about how much they've devoured the sale.

>> No.5543968

>>5543830
>trusting google translate

fucking kek, won't even bother helping a retard like you

>> No.5544060

>>5542719
>They're all getting excited and are buying the dips
You mean they're shilling their bags just like everyone does here?

>> No.5544095

>>5542995
SOMEBODY PLEASE ANSWER THIS

>> No.5544098

ㅋㅋㅋㅋㅋ 아 웃겨 뒤지겠넼ㅋㅋ

>> No.5544099

>>5544060
sure, buy verge.

>> No.5544271

>>5541688
Upbit and bithhumb aren't anon, they have strict kyc

>> No.5544308

>>5541811
Only Anon ones who cares

>> No.5544310
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5544310

>>5542880

>> No.5544374

>XRP literally the only survivor on every turn

you still have a chance to buy low

>> No.5545568
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5545568

>>5542880

>> No.5545584 [DELETED] 

you have a chance Great Crypto Pump Group! One Starts tomorrow: https://discord.gg/vNGsENy

>> No.5545650

>>5542995
decentralized exchange wouldnt touch fiat

>> No.5545653

S. Korea isn't banning Crypto but they might as well by making all banks close their Virtual Accounts that are used to link to exchanges to buy crypto with fiat. This is a very under-handed method that the S. Korean Gov is dealing with Crypto. This is obviously a major problem and maybe there will be some kind of clarification in the coming weeks.

>> No.5545770

>>5543015
>Korea doesn't plan to do that, but they do want to stop some shady exchanges
Like those the Chinese use to get around capital restrictions

>> No.5545885

>>5541875
Coming up next:
>buy back in at 17.9k
>sell again at 12k
>buy back in at 19k

>> No.5545955

>>5545885
>tfw literally sold at the bottom of the chink panic in september
This shit can't faze me again. Iron hands baby.

>> No.5546005

Bad news for ICX

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

>> No.5546058

>>5543628
>korea says virtual coins cant be a currency
>japan says virtual coins are okay to spend

based japan

>> No.5546437

>>5541875
Damn I lost it to this post

>> No.5546516

I don't care if we drop for awhile - the sooner these chinks (china/korea) are out of crypto the better

>> No.5546611

>>5546437
LOLLLLL same, he must be new to this pajeet boards

>> No.5546673

China will enforce names
Korea will enforce names
USA will enforce names soon to collect taxes
How long until the EU enforces names as well?

Muh anonymity is dead.

>> No.5546868

>>5546673
M O N E R
O

>> No.5546938

>>5546005
This idiot is fudding every thread with this.On jan 1st 2018, per coinone and other exchange emails, new coins will be able to be listed per government regulations.We discussed and put this to bed days ago.