South Korea justice ministry prepares to ban cryptocurrency trading

Re:South Korea justice ministry prepares to ban cryptocurren... by tfha on Thursday January 11, 2018 @12:26AM (#16121589)

Crazy how fast the markets moved on this news. The price crashed and bounced halfway back before I even found the article, and I was actively searching for the source of the panic.

But, perhaps that's because in the grand scheme, SK is small news and other traders who got there first knew full well that it'd rebound.

[ Parent | on HN ]

Re:South Korea justice ministry prepares to ban cryptocurren... by joelrunyon on Thursday January 11, 2018 @12:27AM (#16121597)

I'm not sure SK is that small news in crypto? Don't they make up a huge percentage of volume?

[ Parent | on HN ]

Re:South Korea justice ministry prepares to ban cryptocurren... by makomk on Thursday January 11, 2018 @07:28AM (#16123238)

Their volume figures are pumped by some exchanges allowing larger traders to pay a flat-rate monthly fee rather than a percentage on trades, and are sometimes so large that it's hard to treat them as credible.

[ Parent | on HN ]

Re:South Korea justice ministry prepares to ban cryptocurren... by proofofanalysis on Thursday January 11, 2018 @04:42AM (#16122562)

China made up a much larger portion of the volume, and the market rebounded and even soared after their ban(s).

[ Parent | on HN ]

Re:South Korea justice ministry prepares to ban cryptocurren... by mkirklions on Thursday January 11, 2018 @10:54AM (#16124868)

My crypto group chat let me know there was going to be Ripple news today.

Bought under 2$, already at $2.25.

This is the bull run market I hate, but I'm also well connected...

[ Parent | on HN ]