South Korea is one of the biggest market for cryptocurrency. One of the largest cryptocurrency exchange, Bithumb is from south korea. Its 24 hour trading volume is $3.6 billion. Currently, It is 3rd position in terms of 24 hour trading volume. Please find below a chart from coinmarketcap.com, Bithumb 24 hour trading volume

qz.com

reuters.com

Almost all media publish this kind of report. Eventually, market faces negative reaction. But Today South Korean government clarifies its position on Cryptocurrency ban. South Korea President spokesperson Jeong Ki-joon said that there will be no cryptocurrency trading ban in the near future. more News

After this news conference from president spokesperson, market condition is positive now. All of the cryptocurrency exchange from South Korea are positive. If you look at the 24 hour trading volume on Coinmarketcap, you will see South Korean exchange are dominating.

• upbit

• Bithumb

• Okex

• Huobi

You may read this article from @penguinpablo

Governments are well aware that a ban on cryptocurrencies is counterproductive

Yes, It is true that ban on cryptocurrency trading is counterproductive. China is an exception. China is highly regulated by the government. It is not possible to disobey the government directives. But you can see an interesting thing for Binance.

Binance is a chinese cryptocurrency exchange. Chinese government banned all from of crypto trading on 30th September last year. Binance moved its office in Japan. Guess what, now binance is the top cryptocurrency exchange in the world. I dont think so, All of the investors from outside world. To me, Significant number of investor are from China. It seems that Chinese ban on cryptocurrency exchange is good for a company like Binance ;)

Due to decentralized nature of the cryptocurrency, It is not possible to ban or put restrictions on cryptocurrency. Good governments are well aware of it. Next time, when you hear about FUD regarding cryptocurrency, Do not follow all. Invest in a good valuable cryptocurrency.

As legendary investor warren buffet said "be fearful when others are greedy and greedy when others are fearful"

be fearful when others are greedy and greedy when others are fearful - warren buffet

Currently, Market cap of crypto market lost $150 billion. I never seen like this before. One time almost all coin falls. No coins shows positive price change. FUD is its highest point. I am not talking about Bitconnect. We all know that BCC will be caught sooner or later. But we should not fearful about fundamental coin.

Is this the time to buy? Research | Maybe we will not get this opportunity never. but we should be careful because of the volatile nature of cryptocurrency.

What do you think of FUD and future of cryptocurrency in General?

Thank you for taking the time to read this post. Your comments and upvotes are highly appreciated.