More Bad News From Korea

should I dump my ICX or what? jesus fuck

Yes

This may be true. Look at the reactions. But they may not be able to beat the government.

I sell my bags. Vey Rich.

All the comments are saying in Korean
>Fuck this I'm going abroad.
>If this is true I'm looking for foreign exchanges today
>This government is so incompetent holy shit it's like a game to them

All this means is that a massive new market will form for "portfolio managers". Now if you have an account on an exchange you can charge people to deposit their money into YOUR account. That way they could still profit from the market. And you of course could exact a healthy fee in the process. Koreans and Asians in general are a sneaky people. Anyone who wants to get around this will be able to. It won't stop, it'll just change. Congrats to all existing Korean traders, you are about to be rich

It’s a brave new world user.

This is what happens when you vote socialism

Korean policy is going to have the exact opposite effect. In an effort to "keep people from losing money" they're opening up potential investors to being scammed.

I'm an "existing Korean trader" and watching my money disappear right now.

government cant do anything. they can try as hard as they want, buy all the btc they can to crash the market, but it will recover. the only thing that wont survive are cryptos that were unable to stick to the original decentralized blockchain

now that's Veeky Forumsraeli thinking

The Korean government has a duty to protect their own people. Believe it or not, most people do not know that the cryptocurrency market is in a bubble and retards (gooks included) are just going to FOMO in. Yes, you can argue that this approach is rather heavy handed, but how else are you going to stop normie gooks from FOMOing? Beside, I believe this is healthy for the market as well, I really do not want the bubble to get even bigger.

Hoon Hoon

you cant stop someone from getting their hands on crypto
either with a localbitcoins type system or with foreign exchanges

the demand for bitcoin is not going down
only the local supply

with the premium koreans are already paying, can you imagine their prices in the future

>Isn't this supposed to be the Korea with freedom?
Weren't they also a dictatorship until not that long ago?

theres still no reason to use crypto or even blockchain in anything while the other alternatives are just as effective and has a lower price to use

yeah but you can as hell stop the money from going out or know who cashes out
>youre one of us forever

localbitcoins is the solution

The bubble is real boys.
Just think for a second, is any crypto useful right now?
Th prices are ridiculous.

So is icx dumping...?

Except south korea is capitalist as fuck. North korea is communist one.

> I almost exclusively hold ICX

Fuuuuuuuuuuuuuuu

>retard alert

Doesn't look like that reading this

>theres still no reason to use crypto or even blockchain in anything
Blockchains are already being implemented in hospitals to facilitate the transfer of patient records. The technology is still in it's infant stage so it is fatuous to argue that "there isn't any reason to use it".

Crypto exposes the monumental fraud that is the Korean economy, that's why they hate it.
Just look at the price difference.

I'm still not dumping my ICX. Going to see what transpires through EOM.

WAIT WAIT WAIT WAIT WAIT

DOESN'T THIS ONLY APPLY TO VIRTUAL ACCOUNTS? AKA ANONYMOUS ACCOUNTS?

hype.codes/south-korea-imposes-fines-anonymous-crypto-trading

>ID confirms this faggot is bluepilled as fuck

If you're not at a loss, I'd say dump it - the risk is just too high atm. Bunker up with more ETH just to be safe.

Here's a radical idea:
LET PEOPLE DO WHAT THEY WANT WITH THEIR OWN MONEY

kys you commie piece of shit I'm so tired of you fucks ruining the world for everyone over and over again

And yes, if you are not an ancap, you are a commie in one way or the other.

never mind.

>verification service for cryptographic transactions at the end of this month . Each bank decided to create a real name verification account only for the number of virtual accounts that were already running before the real name system was introduced .

idk, since ICX price hasnt changed... and theres no english news articles published about this. seems weird, that if the news was as big as we think.

seems like they're limiting new accounts to the amount of virtual accounts that exist right now

>there's still no reason to use cars or even motors in anything while horses are just as fast and have a lower price to use

Yeah that’s great and all but earn real money at this Pump discord server discord gg/YQqTCqt

start a twitter account advertising your services to those wanting to enter the market

Let bouble meme
It's just Korea trying to save it's baking sector

Kys

What, your little commie brain can't come up with an argument?
Need big brothers dick in your ass to prevent you from making bad decisions?

>15th time sk has *banned* exchanges this month

How would stopping crypto make people buy baguettes and cakes?

Che is dead, get over it.

Yep, this will happen. That’s probably the most bullish news for crypto this month. People in general hate any sort of government and will see it as “we want you to stay poor”. Fomo will be unbelievable.

3 million accounts in general belonging to 20-30 yo will cover a fuckton of households, probably 50% of SKs population. The rest will fomo through licensed brokers and foreign exchanges.

Buy ICX fags

No more virtual accounts assholes. Use your real identity and location. I don't even know why this is allowed.

By trying to prevent a bubble they are creating a bubble.

If you need a stupid example think of South Park where cartman limited people that could go in the amusement park. It created demand for those tickets.

lol you are literally a total fucking retard. You literally want to put people in bubble wrap because they are too stupid.

>People in general hate any sort of government and will see it as “we want you to stay poor”
That's literally what they are saying.
>The price would have shot up a lot at the end of this month and we are making a law specifically to prevent that.

Imagine their fucking anger if it actually did shoot up regardless.

>Wanting to accomodate the market's growth so that it will not end in fire and flames.
>"HUR DURR YOU A COMMIE"
I fucking hate commies and also you're bluepilled as fuck if you think the general public is smart enough to not fuck the market up. Slight economic intervention is healthy to the market. Also, ANCAP's are retarded (I know because I used to be one).
Explain to me how the bullshit with TRX and XRP not convince you that the market is a bubble? Fuck, normies are really retarded. We have literal nigger and shaniquas in the game as well.

We talking Korean jews here?

Inflation is a problem.

The good news is that you'll be able to sell your empty accounts to Gooks for shitloads of money.

>Banning ALL new money from entering the market is not "slight economic intervention"

> no more new accounts = no more gook money
> Current korean traders looking for new coin to get rich off eachother
> ICX
> Scramble to buy the fuck out of ICX and dump on eachother

Are we gonna be rich ICX bros? Tell me something please. I'm all in. All this Korea FUD is too much.

Zero sum game mr brainlet. Muh bubble.

Read
This is not as bad as you think.

I think it's more "at one point all of this will go down and people are putting in a lot more they can lose and we don't want millions of bankrupt people on our hands"

massive dump incoming, sell now and rebuy @ the dip

So are gook normies officially banned from crypto now??

and its fucking nothing

No, 3 million can continue to trade. Meanwhile thousands who wait for accounts create massive demand.

its for virtual accounts only...

nothing will change

if you want to cash out you will have to use a bank account, the end

shhhh, get the weak hands to sell

How the hell are they "creating demand" if current accounts have to CLOSE for new ones to open?

>Imagine their fucking anger if it actually did shoot up regardless.
KEK!!!!!!!!!!!! I imagine a riot would fucking take place.

>REEEEEEEEEEEEE the government want us to stay poor. Time to riot.

its too much work for normies

The delusion is strong with you.

Because people want what they can't have, registration has already been restricted on exchanges.

Wouldn't ICX actually increase in price? Because this will cause FOMO as the government is saying "this shit is going up way to fast"

brilliant, we have a bad goy here

Crypto doesn't end in south Korea so yes it will go up.

Maybe they don't want to transfer half of their GDP to Justins Suns

Hey user I'm sorry but that movie you want to see is sold out. I realize the ticket was only $10, but if you pay me $60 then the seat is yours!

Or

Hey, too bad you didn't get invited to Sarah's party over the weekend. Shit was crazy. That girl Jenny you were eyeing sorry man but we made out.

I don't know man.... I really do not want the crypto market to be a bubble, I truely believe that blockchain will revolutionise the economy for the better good. The problem is that cryptos are currently being adulterated by greedy normies, they're all in the market for money (see XRP and TRX). I am hoping that the ban will retard the impulsiveness of normies so that they will not contribute more to the bubble. If the market does indeed burst, the media attention it now has would be very damaging to it's quest to replace (((them))).

Literally who? Have you been living under the rock? TRX is dead.

Think of it this way. Bubbles burst when they run out of normies. They have slowed the pace of normies, so they prolong the bubble.

They just don’t want unverified accounts. People can still buy with verified accounts, banks will honor this because of tax purposes. Korea is fine

I'm feeling hoon hoon

it is a bubble but it will not burst at least for 2 years. And it is the future as well.
Im saying that because almost all markets are a bubble, just check some real estates makers.

Normies will find this too shaddy and will also think it's a pain in the ass.

Korea is scared about wagecuck normies putting their economies in this and loosing them.

Changing my EOM prediction for ICX from $30 to $15-20 because of this fucking FUD and general bear market. Fuck this seriously, shit is gonna cost me tens of thousands.

ITS NOOOOOOOOOOOOOTHING RETARDS.

VIRTUAL ACCOUNTS ARE LIKE 10% OF THE FUCKING ACCOUNTS IN KOREA, AND EVERYBODY WITH A VIRTUAL ACCOUNT ALSO USES A NORMAL ACCOUNT.

FUUUUUUUUUUUUCKING AMERICANS reeEEEEEEEEEEEEEEEEEEEEE DONT CRASH MY ICX AGAIN YOU FAGGOTS I NEED THIS.

Nice FUD. If that were a real Korean website why isn't the url in moon runes?

It's not FUD but OP doesn't understand what he's talking about. It's about government wanting banks to comply and be protected from tax liability from exchanges. So exchanges have to enact a verification protocol for new accounts, especially for business investors. Accounts without name associations will be limited until someone wants to close their account. I don't know how much this will influence the price, and it will influence, but it's not a big concern.

that site (naver) is korea's google, it's actually bigger than google in korea

Putting normie hordes on hold, cause whales need more time to accumulate

This is karmic retribution for all the faggotry that you ICX shills pulled, especially on unsuspecting noobs.

HEY BUY MY 4 BILLION MARKET CAP COIN! THE KOREANS LOVE IT! IT'S GOING TO 10x BEFORE MAINNET LAUNCH!

Fuck yous all.

>10x BEFORE MAINNET LAUNCH
But it will 10x since binance listing when it hits $20. I'm 5x up already. You mad?

Fuck. Every day my money is dwindling on these Korean exchanges. Should i just cash out and move to binance?

> What the fuck is WRONG with this country?

lol do you live under a rock or something?

NORKS been using crypto's heavily to get riches - to what extent fuck knows

> implying its a bubble