In Southeast Asian country, bitcoin player is exceed stock market player, right?

stompix

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Blackjack.fun

Quote from: Pursuer on July 06, 2018, 12:30:56 AM

Quote from: Venn Harris on May 06, 2018, 08:45:34 PM

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

some day that can happen as bitcoin grows in adoption. but not yet, we are very far from that day. you may hang around in bitcoin related communities and see bitcoin only and a lot of trades so that may seem to you like a lot but if you get out and look at the market from outside with a fresh eye you can see that despite all the growth that bitcoin had in the past few years the market is not yet that big. we need to grow a lot more for it to be able to become as big as stocks market,...

I disagree a bit with this.
If bitcoin becomes more popular and adoptions kicks in really globally, not the levels we're seeing now with 10 companies accepting coins and a few thousand ATMs worldwide (not even talking about the puny 200k transactions a day) probably the price will stop being so volatile and we're going to reach a level where for sure holding won't bring you x1000 times return.
Actually, I think we're at a point where x100 is probably the best we can hope for a decade.

When this happens a lot will lose interest as there is no longer possible to become rich overnight with a 10$ investment.

Pursuer

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Where is my ring of blades...

Quote from: Venn Harris on May 06, 2018, 08:45:34 PM

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

some day that can happen as bitcoin grows in adoption. but not yet, we are very far from that day. you may hang around in bitcoin related communities and see bitcoin only and a lot of trades so that may seem to you like a lot but if you get out and look at the market from outside with a fresh eye you can see that despite all the growth that bitcoin had in the past few years the market is not yet that big. we need to grow a lot more for it to be able to become as big as stocks market,...

enhu

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Quote from: Xester on May 10, 2018, 02:40:37 AM

Quote from: Venn Harris on May 06, 2018, 08:45:34 PM

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
What did you know about it?

If the Central Banks of Indonesia does not consider dollars to be legal then people will opt to use bitcoin. It is no wonder why the number of Indonesian bitcoin players are much more compared to the total number of stock players in their area. This is not only true to Indonesia but to countries such as Philippines wherein the number of cryptocurrency traders is more than the forex or stocks exchange players and investors.

That's true. The success of people in crypto are just overwhelming that they forget about the old markets such as stock and FX. Its not because they do have money to invest but more people are aware how to get coins, I have visited mining farms and friends who mine ETH and XMR at home which they earn more. Trading isn't for them but holding and mining are far better than getting into FOREX and stock market.

TimesVeronica

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I do not know about this. But in Southeast Asian countries, they always want to get rich quick.

farhiamunni

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Bitcoins popularity is increasing day by day in Southeast Asian Country. They earns lots of profit from bitcoin because bitcoins price is also increasing. But I think it is tough for bitcoin to exceed stock market.

bajingluncat

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no wonder if in southeast asco bitcoin gained high popularity. because it is true the number of bitcoin players exceeds the capital market players, it is the fact using bitcoin is more profitable, I am grateful in the Southeast Asian countries there is no prohibition to invest in bitcoin

rogerjordan07

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Nice scenery! This shows that bitcoin is flourishing all over the world. One day it may happen that each and everyone of the world is using bitcoin, the most popular crypto currecy and all the governments of different countries will withdraw its bans and legalise it.

cryptojohnn7

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Yes the shouth asian country bitcoin player are more conscious because they are investing huge amount of money in here because they understand the future of bitcoin because bitcoin have good futre in crypto market and also it might be a futre currency also. Based on this using bitcoin they can trade and also they are getting many facilities which is beneficial for them.

Xester

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Quote from: Venn Harris on May 06, 2018, 08:45:34 PM

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
What did you know about it?

If the Central Banks of Indonesia does not consider dollars to be legal then people will opt to use bitcoin. It is no wonder why the number of Indonesian bitcoin players are much more compared to the total number of stock players in their area. This is not only true to Indonesia but to countries such as Philippines wherein the number of cryptocurrency traders is more than the forex or stocks exchange players and investors.

goldminecrypto

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I am not so sure about Central Bank of Indonesia. But it is true that most South Asians are aggressive in term of investing or any profit generating work. I think this is positive. But they should calculate more before finalizing the plan.

Ethan Argu

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I can say many participants in bitcoin are from southeast Asia. Me as a Filipino from the Philippines in my country I can say many of us here a currently active starting from the age of 15. Many of us here in my country are interested when it comes to earning money.

allen67

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Yes, peopli in South-east Asia are investing more in Cryptocurrencies than the stock market. The Bitcoin provides more stability and advantages than that in stock market.

laserfocused

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Quote from: thomaseco on May 09, 2018, 05:46:19 PM

I don’t think you are right. Though bitcoin is developing tremendously but still it didn’t come to a position where the number of bitcoin investors can be compared to stock market investors. The stock market investors in south east Asian countries are way more than bitcoin investors undoutedly.

Yes too quick for Bitcoin to pass out the stock market.

Pattberry

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Quote from: Venn Harris on May 06, 2018, 08:45:34 PM

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.
In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
What did you know about it?

It is a speculation that the cryptocurrency market will be bigger than the stock market in the future, we are growing by leaps and bounds and the price of bitcoin has to reach new levels to see those changes and it will take a longer period of time for that, the stock exchanges actually has figures in trillions of dollars and we are in the billion club right now, but in the future it might change and we cannot predict things exactly.

thomaseco

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I don’t think you are right. Though bitcoin is developing tremendously but still it didn’t come to a position where the number of bitcoin investors can be compared to stock market investors. The stock market investors in south east Asian countries are way more than bitcoin investors undoutedly.

saaayyyeeel

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For RENT

It's not a new thing and it's going to be true even in the other regions or countries later since Bitcoin is widely accepted as a form of payment in many countries and establishments around the world, stock market traders are shifting into Bitcoin.

Batang Hambog

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Quote from: Venn Harris on May 06, 2018, 08:45:34 PM

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
What did you know about it?

during the last month of 2017 when price was shooting to the moon and a huge amount of money was coming in, this may have been correct because during these surges a lot of FOMO buying takes place and attracts a lot of investors.

erickkyut

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I'm here in the Philippines and I don't think that Bitcoin investors might exceed the number of stock market investors because most of the citizens think that Bitcoin is a scam but I'm sure that the number is definitely growing. The Centrak Bank of the Philippines announced that a crypto related business can operate in our economic zone which is a good thing for this industry. I'm not sure with other Asian countries if the number of Bitcoin investors is rapidly growing.

Daniel Brian

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I heard my friend say Indonesia Digital Asset Exchange is aiming to double daily trading volume from the current average of 100 billion rupiah (US $ 7.3 million) per day. Meanwhile, in 2017 the average daily exchange of Indonesian stock exchanges received $ 550 million worth of stock transactions. oh my god, It is amazing!

freesia_pnp888

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yes, imagine where i come from, people're hyped over bitcoin. but i guess it's all over asia, too, not only southeast

Topic: In Southeast Asian country, bitcoin player is exceed stock market player, right? (Read 239 times)