RE: Did You Panic Sell or HODL During The Recent Market Correction?

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Did You Panic Sell or HODL During The Recent Market Correction?

in investing •  7 years ago 

I held - and picked up some of my favorite coins on sale! The South Korea trading ban rumor got me thinking. If there were to be a country wide trading ban -- would all of the funds on the exchanges in those countries be seized? If they are seized would the governments sell them or just let the coins sit never to be touched. If it's the latter - could that be a positive a whole country of HODl'ers (NO sellers). This is kinda like the Lost Bitcoin theory -- where there are millions of bitcoins that are lost and will never be found (ie Never sold) so the Bitcoin becomes rarer and more valuable. Just some food for thought that I haven't been seeing anyone talk about.

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You want to take your money off the exchanges in case an event like this happens. Then you can sign up for an exchange in another country and sell them there.