In Southeast Asian country, bitcoin player is exceed stock market player, right? - page 2.

stompix

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Blackjack.fun

Quote from: Faithgg on May 06, 2018, 08:57:08 PM

Yes, I read the article: "Indonesia's largest trader platform will soon have more members than the nation's stock exchange," said Oscar Darmawan, CEO of Bitcoin. At the end of this year, the exchange will have about 1.5 million transactions of bitcoin, ethereum and ripple, starting in 2014, but now attracted 1.14 million investors. " Cool

So their average investor is doing 1.3 transactions a year? Grin

Here is the article:

https://www.newsbtc.com/2018/03/14/indonesias-largest-crypto-exchange-indodax-overtake-countrys-stock-exchange/

Quote

Indonesia Digital Asset Exchange, or INDODAX — the largest Indonesian cryptocurrency exchange — is set to bypass the nation’s century-old stock exchange in the number of users. According to Chief Executive Officer Oscar Darmawan, INDODAX, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies like Bitcoin, Ethereum, and Ripple by the end of the year.

Ok, let's check the volume of this INDODAX...
https://coinmarketcap.com/exchanges/indodax/
20 millions/day....and 1 million "investors".

If we would keep the proportions worldwide, 1 billion people would be trading coins Grin

Kemarit

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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?

Care to share the link?

As far as I know Indonesia is heavily clamping on crypto currency.

Quote

Jakarta. Bank Indonesia has reiterated its warning against speculation in cryptocurrencies for fear that a bubble could destabilize the country's financial sector.

"Ownership of virtual currency is highly risky and full of speculation, because there is no single responsible authority, official administrator, nor underlying asset backing the virtual currency, which puts it at risk of forming a bubble, and because it is prone to be used in money laundering and terrorism financing, all of which make it capable of affecting financial stability and harming society," Bank Indonesia spokesman Agusman said in a statement on Saturday (13/01).

The central bank said cryptocurrencies are not legal tender in Indonesia and cannot be used in transactions.

Bank Indonesia does not allow banks, financial services, electronic wallet providers, payment service providers and financial technology companies to process any cryptocurrency payments. While the bank stopped short in the statement from outright banning cryptocurrency trading in the country, it urged Indonesians not to own, acquire or trade in it.

http://jakartaglobe.id/bankingfinance/bank-indonesia-urges-indonesians-to-avoid-cryptocurrency-trading/

So its weird that according to you Central bank of Indonesia doesn't prohibit trading floor from listing shares, but the statement above totally contradicts it.

Tankdestroyer

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Quote from: Herbert2020 on May 07, 2018, 12:34:16 AM

but generally speaking bitcoin is still very small and doesn't have that many investors which means the number of stock investors are a lot higher than bitcoin investors in any country.

Nevertheless, it is still a well known fact that some countries in South East Asia are bitcoin friendly, and soon bitcoin trading volumes would get bigger.

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

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?

Do not be surprised, they won't prohibit it if they benefit from it. I strongly suspect that India also wants to use blockchain technology to their advantage, and is closely watching Venezuela's move. They might also want to study more about blockchain for them to benefit from it. For this reason IMO they do not ban bitcoin and crypto trading their countries.

sate_padang

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In Southeast Asia there is a lot of money on cryptocurrency, especially bitcoin from the stock market, and I think it's all because of the ever-rising bitcoin price, and no government ban.

Kokondao

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That's very good, it's true in Indonesia it's just not commemorate bitcoin, and more are playing in the bitcoin market than the stock market, because bitcoin markets have advantages over the stock market, from time that never goes to holidays, invest in bitcoin.

bigmaster23

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WWW.BLOCKCHAIN021.COM

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

In Southeast Asia, people are trading very aggressively.

Abundant player over played their part in which case it let be their coffin to sleep in, having tactically over out-smart their competitor not being aware that they are the only one loosing tiny fraction of capital on their hands time by time will sufficiently convenient for their enemy, being persistent aggressive on this field of knowledge will put a glimpse to your vulnerability and will end you if it is well grabbed by their catch.

Herbert2020

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at some point in time this may have been true. for example 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. but generally speaking bitcoin is still very small and doesn't have that many investors which means the number of stock investors are a lot higher than bitcoin investors in any country.

Faithgg

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Yes, I read the article: "Indonesia's largest trader platform will soon have more members than the nation's stock exchange," said Oscar Darmawan, CEO of Bitcoin. At the end of this year, the exchange will have about 1.5 million transactions of bitcoin, ethereum and ripple, starting in 2014, but now attracted 1.14 million investors. " Cool

Venn Harris

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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?

Topic: In Southeast Asian country, bitcoin player is exceed stock market player, right? - page 2. (Read 239 times)