Thanks. As far as I'm aware, nothing happened to those Korean exchanges themselves, but Coinmarketcap just decided to exclude the prices from those exchanges in the average price listing for tokens. I don't know if this was done for every single token, or just some of them.
I've thought about putting a good amount of my holdings into SP, but i guess for me it wouldn't pay off in terms of Steemit earnings from posts for a very longs time. However, I can see doing that if I can get more subscribers.
Maybe for you it would be worth it, but it's hard to say. However, if it were me I might just go like 50% Steem Power instead of everything. Thanks for commenting.
A plan to tax cryptocurrency was announced.
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In the USA? But it's been taxable for years. Is there something in addition to that?
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Not in the US. In South Korea, new regulations are being rolled out.
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Ah, okay. I do remember seeing something about regulations in Korea. Some people are also saying the drop was due to fears over China banning bitcoin mining. I'm not 100% sure if that's happened yet or not.
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Realistically the market is influenced by many factors, and uncertainty with regard to China has been a constant in my opinion ... whereas BTC and many other coins were due for a correction, and the South Korea situation may have tipped things in that direction this week.
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Thanks for the advice.- I only got 200 invested so aint too worried about it.
You're welcome - I am glad to see your article.
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