South Korea to ban Crypto Trading

Any chance we can get this deleted mods, or the title amended to reflect the actual news? The title is simply not true. Anyone willing to read beyond a headline in The Guardian will know this.

https://www.ccn.com/south-korean-ministry-of-finance-does-not-support-cryptocurrency-trading-ban/

https://thecryptocurrencyforums.com/crypto-markets-plummet-south-korean-ban/

SK government are looking to regulate cryptos and get their fair share of tax, not ban it outright.

DYOR folks. Certainly don't let this OP do it for you.

smacl wrote: »

I think if mods were to censor posts on this forum for being potentially misleading, sensationalist, or a source of risk to gullible investors, there wouldn't be much content left here. Similarly, if people make investment decisions purely on the title of a thread on boards without even reading the thread contents let alone analysing that content, they deserve anything coming to them.

Fair points.

I don't think that the few of us here on Boards are going to have much affect on overall prices. It's more that the likes of the title of this thread could force the hands of newbs who are coming in here assuming that at the least the thread headlines are close to factual. It contributes greatly to confirmation bias - They see enough of these hollow "South Korea to ban Crypto Trading" headlines/OPs within a short space of time, of course they will rush to sell as they see the price dropping, rather than take 30 minutes to research it properly. In those 30 minutes, their money could be even further gone.

Now, I agree in general that if they buy/sell based on a headline alone that they are trading poorly. However, considering the amount of new blood pouring into the game, me included, I have found that it takes time to realise just how much learning there is to do about the way the market and the manipulation of it works.

People should do their own research and not be guided by a few headlines, sure, but I'm willing to afford people a few weeks grace considering the bonkers learning curve there is when coming into crypto-trading as a newb.

For instance, I don't think new people realise just how manipulated this game is, it really is the Wild West. It takes a bit of time to see that though and see what that means, a bit of time to adapt to the sensationalism and the click-bait nature of the media surrounding the market. The DYOR aspect. I don't want to see these new people get badly burned just to teach them a lesson - It could drive them away from cryptos forever, never mind have drastic implications on their personal lives.

I think that if we are to go down the road of 'Sure without sensationalism there would be little to write about' it will serve as counter-productive to what we're trying to achieve - Getting the masses to take this seriously. I love sorting the gossip, sensationalism and disinformation from the facts, it's all part of the game. I just think that we need to tread carefully in this growing forum which is attracting a lot of new, learning investors and their money. Sensationalism should be kept to threads where people can debate it IMO, rather than have it emboldened in the thread title as a fact.

If this thread was named 'Is South Korea about to ban crypto trading?' - I would have absolutely no problem here. It's something which needs to be discussed.

Dr Bolouswki wrote: »

I consider the thread title to be reported speech. If anyone just takes it at face value (like any news) they SHOULD BE MURDERED LIKE THE DOGS THEY ARE!!!

Of course, not really. Lest anyone takes that statement at face value. (the last bit).

Why stop there? We need to hunt down their families and friends too, just in case they spread their poor trading methods onto them

As for Boulder, that is the plan alright, if I make it that far! All these people looking to race lambos around the volatile Las Vegas under the watchful eye of Randall Flagg, I'm just looking for some stability with gradual progression in Boulder.