In a rushed effort, South Korea have reportedly made their move on exchange-based cryptocurrency trading.
In a Reuters report originally titled south Korea justice ministry prepares to ban cryptocurrency trading, exchanges raided (which has since been retitled to pretend they weren't in on the FUD) it has been announced that south Korean police and tax authorities have raided local cryptocurrency exchanges as the government moves to ban trading of cryptocurrencies on exchanges.
South Korea has been leading the price movement on cryptocurrencies for a good while, with prices of popular cryptocurrencies reaching insane levels on south Korean exchanges compared to most, even causing coinmarketcap.com to remove South Korean exchanges from their aggregated price data for the crypto market.
While this may seem like a tinfoil hat opinion, this move by south Korean authorities is a sign of things to come, whether real or in FUD spreading. I also am confident that no amount of restriction will stop people from trading crypto, and may spur people on to trade even more as they lose confidence in their government to keep up with technology.
While I am not giving financial or investment advice, I would strongly urge people to look into decentralized exchanges now instead of waiting until your own government starts having the same knee-jerk reaction. Bitshares is just one that I am familiar with, and I trust more because it was created by @Dan Larimer who also created Steem and EOS, but it is not the only player in town.
Everyone should do what is best for themselves. Privacy coins may also become a much stronger player in this market than they have already become if these kinds of FUD events keep occurring. While there are many privacy coins, Monero is the one that will take that charge when it happens, in my opinion. That is not financial or investing advice, merely my opinion.
Above all else: always buy the weakness and sell the strength. The more FUD the media piles on top of Bitcoin, the better the price will be to buy in, and the more the odds are in your favor that you will gain from their tactics.