Hello Steemit Community!
This is my third post of the new created series Introducing: Crypto For The Day blog post series , you can follow all the post in the tag #cryptofortheday
When everything was settling with all the china FUD news and the market starts to recover another news dropped, this time is South Korea is banning all type of ICO's in their country.
Why this is bad?
This is bad SHORT TERM Because gave more reasons to whales manipulate the market and push it down, the media starts to create clickbait articles like this South Korea bans all new cryptocurrency sales so the regular people that sees the title what thinks? South Korea is banning all cryptocurrency when in reality they are just banning ICO's to make good regulations.
This news come after the China and people always compare the situation so they get FUD once again.
Why is this good?
This is very good LONG TERM because creates a good and safe environment for investors and prevents huge funding in scam projects and gives more confidence to the market.
Don't be the kind of person that only see the title of a news article and starts to panic sell, this is normal because this year we have a explosion of ICO's and where is money there is scams and people taking advantage of the economy to get rich fast and steal cryptos.
What you think about this ban?
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Thanks!!
ICOs are bullshit anyway !!
Good news ...let’s focus on our bitcoin !
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Yeah they are good and bad, alot of funding for whitepaper projects.
Thanks for the comment
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Putting sanity back into a world of extreme insanity that is backed by short-term greed. Blockchain and cryptos will never die as long as the internet stays on.
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Good point, thanks for the comment
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This wonderful post has received a bellyrub 4.34 % upvote from @bellyrub thanks to this cool cat: @johnycrypto. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by JohnyCrypto from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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