Today we have a scenario that has become common, all the icos of top 100 with the exception of one or two and fallen 10% in the last 24 hours.
The nervous sales of the cryptocurrency holders, are caused this week by the news about the Bulgarian Police Raids OneCoin Offices and Servers Shut Down and the local news agency Yonhap reports that South Korean government has announced Monday, Jan. 22 that it will be collecting a 22 percent corporate tax and a 2.2 percent local income tax from the country’s cryptocurrency exchanges.
22% of taxes practically make it impossible for exchanges to earn money, and personally, I think that what will happen is that simply the holders of cryptos will perform their operations outside of the country, and use VPNs or other means to manage their operations.
For now I will keep calm and wait for the water to calm down again, after weeks riding the roller coaster i am lost the fear and see up and down prices becomes a habit
What do you think Steemians?
DISCLAIMER: This post / analysis serves general information purposes only. I am not a financial adviser.
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