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    Cryptocurrency Daily General Discussion - January 11, 2018

    January 11, 2018

    Cryptocurrency Daily General Discussion - January 11, 2018

    Daily General Discussion - January 11, 2018

    Posted: 10 Jan 2018 10:11 PM PST

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    submitted by /u/AutoModerator
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    South Korea's Major Cryptocurrency Exchanges Raided by Police, Tax Authorities

    Posted: 10 Jan 2018 07:38 PM PST

    DON'T FALL FOR THE FAKE CNBC SOUTH KOREAN BAN!!!

    Posted: 10 Jan 2018 08:18 PM PST

    I talked to my contact in South Korea who works for a major exchange, don't fall into the FUD. The ban is ONLY applicable to exchanges that are not following the previous KYC regulations. DONT SELL, THIS IS A BUNCH OF CRAP. No one is banning crypto, CNBC is just bullshitting us with overly dramatic lies.

    https://mobile.twitter.com/iamjosephyoung/status/951300898571018241

    submitted by /u/asaggynoodle
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    Europeans HODLing like champs waking up this morning

    Posted: 11 Jan 2018 01:00 AM PST

    Don't panic. The South Korean government has been preparing a #cryptocurrency exchange closure bill since December 13, to shut down any exchange that is *not compliant* with regulations. The gov't already said it intends to regulate / foster the market.

    Posted: 10 Jan 2018 08:24 PM PST

    You Can Make 1.35 Million Raiblocks Transactions With the Electricity Needed for 1 BTC Transaction

    Posted: 10 Jan 2018 11:46 AM PST

    When you buy the day before the great dip, thinking you made a great deal.

    Posted: 10 Jan 2018 08:51 PM PST

    Here's what's going on in South Korea concerning the Cryptocurrency Market: [xpost: /r/bitcoinmarkets]

    Posted: 10 Jan 2018 09:01 PM PST

    The Ministry of Justice here raided exchange to find any tax irregularities and also made a press release saying they are recommending the government ban cryptocurrency exchanges because they consider it gambling. They already tried a less stringent recommendation before, but the Korean Parliament voted it down because of constituent pressure. The reason the Ministry of Justice is doing this again is because so much capital is fleeing the Korean stock market and entering cryptocurrency.

    When Moon Jai-In became president, there was a lot of expectation for the Kospi and Kosdaq to do well even though he is what Koreans would consider a left wing politician. What they did not expect was the atomic bomb of crypto to explode among the youth and wealthy here. The politicians are getting very confusing signals from the public in how to deal with this because the public is very divided on this issue. The crypto market here is 70% made up of 20-30 year olds who believe this is the future. The very wealthy are seeing unbelievable gains even though they have strong ties to the real estate and stock market. Many others see this as a way of gambling and something that must be banned. All this diverging public outcry is leading to the elections this summer...

    In a couple of months, there will be local elections and suddenly politicians find themselves having to take a stance in what is becoming the biggest social, economic issue Korea has faced in a long time. What makes this extremely interesting is that the pressure they feel from the wealthy families here who own the Korean companies is that even though their stocks are suffering, their crypto holdings are far outpacing those losses. Plus the majority of the young vote in Korea is very pro crypto, so they are not sure what stance to take.

    If I had to make an educated guess what do I think will happen? They can try to slow it down, but they will have to accept its reality. Right now there is a ban on people making new accounts on the exchanges that is suppose to be lifted at the end of January, but they may try to extend this ban. Eventually they will lift it because the anger from denying the public access to this market will only grow endangering the politicians' careers who are supporting these types of bans. They cannot stop crypto in Korea. It is an overwhelming wave they cannot shore up.

    submitted by /u/turkey_is_dead
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    HODL people

    Posted: 10 Jan 2018 08:07 PM PST

    The second round of FUD from korea's potential ban on exchanges is coming. But seriously guys, just HODL tight. Remember when China banned exchanges, ICOs and trading in Sept 2017? The crypto community is resilient and will continue to survive. Do not give in to FUD and sell your precious tokens.

    submitted by /u/heavenswordx
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    Current state of the market

    Posted: 10 Jan 2018 08:24 PM PST

    Stellar to reduce base reserve by 95% effective tomorrow. 1 XLM instead of 20!

    Posted: 10 Jan 2018 05:14 PM PST

    We want to empower everyone for the greater good. You’ll impact the #VeChain Ecosystem in ways unimaginable. With that, we announce our first community initiative, a video contest: The Introduction of VeChain.

    Posted: 10 Jan 2018 10:19 PM PST

    We are Hodl or going down with the ship.

    Posted: 10 Jan 2018 10:36 PM PST

    Thanks, Kucoin!

    Posted: 10 Jan 2018 08:53 PM PST

    Korea FUD is just FUD

    Posted: 10 Jan 2018 08:28 PM PST

    If you sell right now you are about to make some whales even richer

    Posted: 10 Jan 2018 08:02 PM PST

    Don't fall for this FUD. Yeah the Korea legislation and exchange raids suck, but all these big sell orders are what's really driving down the price because they know it will create more panic selling. Wait until it gets low enough and then sit back and enjoy the green candles.

    submitted by /u/wolfmangpuck
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    Forbes Billionaire Jim Breyer interest in VeChain

    Posted: 11 Jan 2018 01:26 AM PST

    Jim Breyer made a article on his website about VeChain: "Why we're bullish on VeChain''.

    • One of Facebook's first venture investors, Jim Breyer made much of his fortune investing in the social network.

    • After 28-years at venture firm Accel Partners, Breyer now invests through his own Breyer Capital and is betting big on Artificial Intelligence.

    • The VC has investments in data analytics company Kensho, digital currency firm Circle Financial, and doctor-on-demand app Heal.

    • He has invested in over 40 companies that have had successful IPOs or mergers including Etsy, Marvel Entertainment and Legendary Entertainment.

    • He currently serves on the board of Blackstone and 21st Century Fox.

    https://www.forbes.com/profile/jim-breyer/

    https://breyercapital.com/newsroom/?from=groupmessage&isappinstalled=0

    submitted by /u/Crypto913
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    BOSCH will use IOTA for industry 4.0 productivity !!

    Posted: 11 Jan 2018 12:41 AM PST

    No reason to live anymore...

    Posted: 10 Jan 2018 11:41 AM PST

    NEO Founder, Da Hongfei, is interviewed on Bloomberg

    Posted: 10 Jan 2018 06:24 PM PST

    My week so far...

    Posted: 10 Jan 2018 10:03 PM PST

    GOOD, we needed a challenge to wake us up. Crypto is not just about moonshots and lambos. It is about changing the world's economy and freedom and innovation. Time to fight for it.

    Posted: 10 Jan 2018 09:24 PM PST

    South Korea's supposed plans for a bill prohibiting exchange trading is a perfect wake up call. Easy to get complacent when you are making your 2x, 3x, etc., shilling your coin and dreaming about lambos. Time to remember the roots and why we really are here. This amazing thing we have, this incredible innovation of one of the most core parts of our society--money itself--is growing but under threat, beleaguered by people who are so afraid of what they don't understand, they would rather destroy it before trying to comprehend it. If the government wants to take away your freedom, take back the power that was delegated by and from you and elect someone with openness and vision who would rather make progress than give into pure fear of the unknown. South Korea seeks to deprive its citizens of one of the greatest innovations and opportunities of this generation. We need to do more than just "buy the dip" when we see something like this. Stay vigilant and be ready to fight for it when the time comes at your ballot box or, even better, by spreading the word proactively. Open the world's eyes to what we have, person by person, so that the powers at be will have something greater to fear than the unknown when they make their next move against crypto--the fear of losing their jobs and their power.

    submitted by /u/moldymustache
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    Now is when you become rich

    Posted: 10 Jan 2018 08:37 PM PST

    people become rich during dips by buying more , not when everything is going up 50% everyday. 1 year from now today will be remembered as South Korea FUD clearance. Everything 10-30% off boys. Time to Eat these weak hands up.

    submitted by /u/LiberyMan
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    South Korea: "Crypto ban is not on the cards."

    Posted: 10 Jan 2018 10:09 PM PST

    Explaining to your friends what your altcoins actually do.

    Posted: 10 Jan 2018 10:02 PM PST

    South Korean government distances itself from justice minister, saying his crypto ban proposal contradict the views of other ministries [Korean]

    Posted: 11 Jan 2018 12:01 AM PST

    To the uninitiated:

    Posted: 10 Jan 2018 09:21 PM PST
    Read more
    at

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