South Korea is hurting from the bear market

xaviervilla

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Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

Oh my, that is such a big number of volume, it is either there are so many Korean crypto investors
or there are big players there in that country. Either way, that is such a bad thing to hear. I hope
that this does not affect their enthusiasm towards this industry because judging by the numbers that
you are saying, it would affect this industry big time if they ever chose to stay away from the crypto
industry. Now others might say that they are not the there is still the rest of the world but at this
time, in the early days of crypto, every number counts, specially that kind of number.

dumplingsandsushi

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Bitcointalk often overlooks just how much of the entire crypto market is actually from asia, specifically China, Korea and Japan.
It's simple really, this is mostly an english based forum and a vast majority of those in crypto from Korea and China have their own forums and communities.

South Korea is incredibly forward thinking in adopting technology.
Just look at Seoul, they have incredible goals to make the ENTIRE city have wifi access.
It is natural that Koreans would be huge investors and supporters of crypto.

When you look at the numbers and realize just how much of the volume comes out of that one country, an informed investor would jump in on it and invest in Korean based projects.

This might sound like shilling, but seriously one of the best projects to support is ICON, a Korean company aiming to create an entirely seamless crypto ecosphere.

As far as the whole hurting from the bear market thing, well, just about everyone who was stupid enough to buy in when coins were peaking are hurting.
Now, it's been green for two days and everyone is like, "Maybe, the world is not ending after all?"

What we need is for those in the West to contribute to the overall volume of the market and help the next bull run come instead of waiting, hoping, and crying.

Noobaru

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Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

It's really sad that nowadays young people have to invest their live savings in order for them to have a shot of luck, get money and be able to live a normal life in the future. $400,000 for a deposit for an apartment rental? Are they insane? I've never heard such an absurd thing in my life before. It's like I thought we had it bad here in our country, where there is hard to get a decent rental apartment for under $500, but at least we don't have to deposit anything, maybe some demand like a couple of $100s for deposit, not more. This is crazy, I feel for those young people in South Korea.

prehisto

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Your Data Belongs To You

A lot of people lost money , basically it is the start and the end of the bubble.
At the start people buy because of the hype and nearing the end they sell because of fear.

South Korea just had the most hype in the country ,thats it.

makishart

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Quote from: kolesozw on April 13, 2018, 08:41:34 AM

Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

Like every other investment, buying cryptos must be done only with a funds you can afford to lose.

People are getting crazy and are buying only by hypes. I have a neighbor who 'wants to get rich' from cryptos, but he doesn't cares how cryptos works and other essentials. He just want his 'to get rich'...

They were thinking if they have invested in the right time. But the majority of them bought crypto when it was on the peak. They don't even know about to trade and the majohrity of them were early adopters of crypto without any knowledge about crypto itself.

Procopiogamscrypto

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Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

South Korea has widely known as crypto keepers and users, a lot of them benefited when the bull market exploded last year, that's why the Korean government thought that because of a big amount involved, they immediately banning the trading of all crypto for alleged tax evasion that creates a turmoil which ignites the drastic drop in Jan. 2018. Until now not only south korea carry the burden resulting from the regulation and correction imposed in every country but all crypto believers who always believe that after the darkness there is always light to follow.

shinharu10282016

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Quote from: kindbtc on April 13, 2018, 01:12:28 AM

No one lost untill they sell in loss, i think that crypto market has good potential to recover and even grow more in volume then the last highs, it is just the matter of patience, let the next wave upward begin.

Oh yes. This. They may lost some 'unreal gains" because they didn't sell at that point. But whats the point of counting your gains if you didn't benefit from it?

Lol. One of the traders always remind me that you can never lose here until you sell at less than what you invested for. So therefore, no loss should be counted from not even selling your coins.

Easy as that.

Plus everyone is hurting from the bear market. Can we not just talk about that. Lol

kolesozw

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Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

Like every other investment, buying cryptos must be done only with a funds you can afford to lose.

People are getting crazy and are buying only by hypes. I have a neighbor who 'wants to get rich' from cryptos, but he doesn't cares how cryptos works and other essentials. He just want his 'to get rich'...

cilgindansci

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umachit.fund

South Korea is very confident in crypto currencies. The ascension has begun and South Koreans are most pleased with it.
South Korea will be a leading country in the new world.

Phoenixpple

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South Korean forces can not be overlooked, in the encrypted transaction there are many transactions from South korea. The bear market has hurt everyone in the past few months. At this time, everyone needs to wait, so we need to have confidence in encryption. As long as the market starts to recover, the enthusiasm of Koreans will come back again.

aardvark15

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Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

This could be true for anyone that bought Bitcoin or altcoins during the last quarter of last year as the price spiked high. Even worse than buying high is borrowing money to buy at a high price.

Anyone that can hold and wait for the cryptocurrency markets to recover will be fine, but those that had to borrow money will have to pay interest and we don’t know how long the recovery will take.

Cnut237

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South Korea is a very wealthy and advanced country. The public in South Korea are ahead of most countries in accepting and buying crypto. There is also the same problem affecting a lot of advanced countries in that the younger generation feel priced out of things such as buying a home that their parents' generation took for granted. This means that more young people than normal there are looking for a way to get rich... which draws them to crypto. There will be plenty of South Koreans who have made a lot of money from crypto, equally there will be a lot who got in during the December rush who are now hurting. Ripple is indeed very popular there, which is one reason that the Ripple rise and fall in the early part of this year was more dramatic even than the rest of the coins experienced.

No reason for anyone to panic though, the market will recover and South Korean investors likewise will recover.

terrific

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Quote from: tonylewisverdu on April 13, 2018, 07:20:48 AM

Not just south Korea, worldwide we are hurting. need this to turn around so we can all have some happy days

There's still something left from the past bear market that we went. But now many are starting to celebrate though it's still early but it isn't great right that it's starting to get green.
Check coinmarketcap now and see that most of the altcoins are all green,following the path of bitcoin.

Quote from: Ayaancool on April 13, 2018, 07:39:53 AM

Now market is recovering but investing on ripple is always bad idea

I never invested to XRP after reading the news that the owners of it became one of the most richest in America.
And now where they are? They became quiet after taking profits from their investor. This is why I don't invest to centralized coins.

Ayaancool

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Now market is recovering but investing on ripple is always bad idea because it’s centralised premised coin even the owners started to dump coins on investors once price increased , so that might be the wrong decision they took investing on ripple.

tonylewisverdu

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Not just south Korea, worldwide we are hurting. need this to turn around so we can all have some happy days

redhondaxrm125

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Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

Well, that's what greed does to people who do not know how to control it. I really think that the Koreans that have lost a lot of capital during the bear season are Koreans that did not take into consideration the past years of this industry due to extreme greed or just did not know about the past years because they didn't even bother to read about at least the past years of this industry before diving into their investments. But for those who were greedy but did not panic sell, they really have great instincts and probably read a lot to be able to hodl as long as they could and not panic sell. They are the ones that haven't lost their investments yet and have the potential to get their capital and if lucky, even get more profits.

kindbtc

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SAPG Pre-Sale Live on Uniswap!

No one lost untill they sell in loss, i think that crypto market has good potential to recover and even grow more in volume then the last highs, it is just the matter of patience, let the next wave upward begin.

cryptogeek101

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homt.net

Quote from: Tilbrook007 on April 04, 2018, 01:13:20 AM

A lot of people in South Korea lost money from the crypto bubble

https://www.theverge.com/2018/4/3/17192886/bitcoin-cryptocurrency-south-korea-millennials

I also read that credit card debit is very high in South Korea

South Korea helped propel the markets to the dizzy highs but now they are struggling. Saying that over 50% of Ripples daily volume is South Korean based???

This news information about bear market is a little bit belated because right now we are experiencing price soaring since yesterday. Let us not kill the excitement so soon with FUD. I personally don't like spreading negativity because it does more harm than good.

Herp-a-derp

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What a news! Someone lost money on investments. On investments in the crypto currency. What an unexpected turn of events

beatecoin

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Everyone who was not intelligent was damaged in the bear market. the same people who caused the market to fall so much. not only in kore, but in the whole world. I would expect investors of the pioneering country in the market to be more logical.

Topic: South Korea is hurting from the bear market (Read 133 times)