china and Korea ban cryptocurrencies

I agree with your opinion this is all happening because people start panic with bitcoin price down so many people sell it, so that's the bitcoin price down

This is natural process of going down in these days. What I mean by this is straight and simple, they are dropping due to various market corrections as well as few of the bans that incurred last week. This includes Korean exchangers going down. This is fact that Korea had largest volume of bitcoin and due to sudden crash of the exchanger everything was settled to down as lots of panic sells happened and the effect of which can be clearly seen on the market.

Adding to this I have also noticed that bitcoin went down last year at the same months and again came back sooner than we could have thought about it. So yeah it’s completely natural and we don’t have to worry much about it.

yes I agree with you, if we look at the btc chart at the beginning of the year in previous years have the same decline, besides some countries banned cyptocurencies, and ultimately effect on altcoin too, just wait and do not panic.

Because China and South Korea want to regulate the cryptomarket. This scares off many investors and the price goes down.
But that is quite normal and I estimate that the market will be back to normal in the next few weeks. You should not let that confuse you.
All you can do now is hold your coins!

The crash in the price of all cryptocurrencies is because of the government crackdown worries. There is a fear in Cryptocurrency market because of the regulatory aspects. South Korea Government is planning to impose a ban on cryptocurrency exchanges in the country. South Korea is one of the countries where craze for Cryptocurrency is very high and it accounts for a significant global trade volume for all Cryptocurrencies.

Becuse the price of bitcoin is dropping and people are afraid so they will sell what they have. After a while, they may calm down and buy in some coin again and they price will rise.

I think it is because of chinas plan on banning all domestic and foreign centralized cryptocurrency exchanges and they want to shutdown bitcoin mining that creates fear to some investors from their country but nothing to worry about because cryptocurrency market will recover, but no one knows when. south korea also plans to ban domestic exchanges so this may be also the reason why all coins are dropping right now.

Check charts from past years - January is always red month