In South Korea, the Crypto Currency Boom Hits Economy system. - page 2.

millgates

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Quote from: pooya87 on May 04, 2018, 09:54:28 PM

this is not new!
this started last year in Korea like any other country and people have been buying a lot of bitcoin ever since. there have been times when bitcoin price reaches a much higher price than the rest of the market because of that surge of demand. similar cases are India, Venezuela and a couple of other African countries.

Japan also interested to bitcoin as well. Asian markets are look positive to bitcoin now. The most possible reason why Korean people are interested to bitcoin is because the grow of war in north korea.

pooya87

legendary

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this is not new!
this started last year in Korea like any other country and people have been buying a lot of bitcoin ever since. there have been times when bitcoin price reaches a much higher price than the rest of the market because of that surge of demand. similar cases are India, Venezuela and a couple of other African countries.

sate_padang

newbie

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Currently bitcoin is on the rise and I think in investing in bitcoin we should not be afraid to lose because we will not lose our money if we can be patient.

pitiflin

hero member

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Dude these are Koreans. They are fucking talented and they know their shit. It is in their blood, and they never screw up. South Korea has been giving birth to a lot of whales in the crypto markets, now that stock has been well, outdated.

Quote from: Slow death on May 04, 2018, 06:31:41 PM

it seems that the Asian continent with the exception of china use much bitcoin.

People still use bitcoin in China though.

Slow death

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Leading Crypto Sports Betting & Casino Platform

they are implementing measures to ensure that people who use exchange are not stolen and thieves be arrested, and that is a very good thing as it protects people from being robbed, although they are not all people in korea know about bitcoin yet they already contribute a lot to growth of bitcoin, according to what I read more than 20% of Koreans know about bitcoin, imagine the day they are 100%, then we will have more demand

Quote from: erickkyut on May 04, 2018, 05:10:49 PM

Good job for the Koreans. They know how to go with the flow of technology. They are like Japanese which first adapted Bitcoin here in Asia. I'm happy now that our, Philippines is also open on this kind of changes. It is a good thing that Bitcoin is now being widely accepted not just in the western countries but also here in Asia.

it seems that the Asian continent with the exception of china use much bitcoin.

dimastegar

sr. member

Activity: 798

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Small Trader

Korea does have great Enthusiasm towards crypto. With the current Bitcoin prices, they are definitely interested and try to invest. And I like their confidence to invest crypto. Good step.

zbaharudin

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yes of course they trade it because they understand concept of crypto trading so they dare to make a trade with a speculative system, and of course it brings good impact to increase of bitcoin and other crypto prices.

hadveach

full member

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yes, not just in korea and the united states, but in every country that legalizes bitcoin, the bitcoin price will increase rapidly, even its growth will increase rapidly if the country has many enthusiastic investors to bitcoin.
I think, every investor who keeps their assets in bitcoin certainly has a strategy. impossible if they only invest without having an investment strategy.

9jaflick

sr. member

Activity: 728

Merit: 254

This is common, must times people take advantage of an opportunity before leaning the possibilities that govern it. in most cases, when we chose to learn the possibilities before the opportunity we end up being left behind.
I don't think the South Korea investors have anything to lose, they are just trying to be ahead up the game by acting smart, to some, their decision may look silly, but to them, they know what they are doing.

kache2018

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This is a good news knowing that using bitcoin can certainly uplift a country's economy. Bitcoin investment can certainly contribute to every nations success and development.

Hydrogen

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This offers an alternative explanation to the idea of investors waiting to buy in post april 17th which marked the end of the US tax season. Growing demand in asia could easily extend gains to bitcoins price cap. High demand and a quickly growing userbase as experienced by bitcoin were a few of the key arguments against bitcoin being a bubble.

Polls in 2017 claimed 2% of americans had used some form of crypto currency which amounts to around 6 million people. If the USA is any indication of global crypto support, there could be plenty of room for growth. Of course, we all know growth fuels demand and demand in turn fuels capital appreciation and price increases. Greater support and a larger end user base could definitely offset any claims of crypto currencies being overpriced bubbles. For the short term anyway. Perhaps someday in the future bitcoin's price could increase disproportionately to its fundamental metrics and it could become a bubble. Today it probably isn't a bubble, however.

erickkyut

hero member

Activity: 1176

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Good job for the Koreans. They know how to go with the flow of technology. They are like Japanese which first adapted Bitcoin here in Asia. I'm happy now that our, Philippines is also open on this kind of changes. It is a good thing that Bitcoin is now being widely accepted not just in the western countries but also here in Asia.

kolinko

full member

Activity: 518

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Recently, Korea is implementing legislation to allow ICO projects to resume operations in Korea. This shows that South Korea wants to recognize and support the development of cryptocurrency in the near future, which is a good sign for the cryptocurrency market and investors around the world because Korea is a nation very strong crypto.

localcrypto

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after Japan south Korea cryptocurrency is widely used in exchange trading mining new ico coins and as well as merchant services they are on regulator control

EditorK

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In Korea, ordinary people, with no prior experience in cryptocurrencies, have been lured into the cryptocurrency markets in recent weeks by the soaring prices of Bitcoin and its competitors.

Nowhere has the public frenzy been more feverish than in South Korea. It was on South Korean exchanges that the price of Bitcoin first hit $10,000 last Monday, hours before traders in the United States reached the same level of exuberance.

Even cryptocurrency enthusiasts in South Korea are concerned about the sudden rush into Bitcoin and Ether.

They say investors are often getting in with little grasp of how cryptocurrencies work, like the decentralized network where all the transaction records are kept, or why they may be valuable over the long term.

Korean investors say they know they might lose money, but they are holding out hope.

Topic: In South Korea, the Crypto Currency Boom Hits Economy system. - page 2. (Read 288 times)