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Topic: South Korea Officially Legalizes Bitcoin, Huge Market For Traders - page 3. (Read 2821 times)

sr. member
Activity: 490
Merit: 256
sr. member
Activity: 756
Merit: 253
Good news isn't it? Japan, South Korea, India, Australia and more...

With these countries legalizing bitcoin, do you guys really think that bitcoin will still fail? There are plenty of reasons to believe so stay away from FUD attempt and just enjoy what bitcoin is giving to us. Saying HI to those who dumps at $1,800 price. Sealed their profit because they think bitcoin will goes down more and now look at what happened.

Exactly, it will auger well for Bitcoin as we crave for global acceptance. There are many more advanced countries that in hopeful they will also join these few countries especially after the August 1 activation of segwit because if these current issues are resolved and Bitcoin becomes useable on a daily and instant basis then we will be in for more support globally.
sr. member
Activity: 697
Merit: 253
Good news isn't it? Japan, South Korea, India, Australia and more...

With these countries legalizing bitcoin, do you guys really think that bitcoin will still fail? There are plenty of reasons to believe so stay away from FUD attempt and just enjoy what bitcoin is giving to us. Saying HI to those who dumps at $1,800 price. Sealed their profit because they think bitcoin will goes down more and now look at what happened.
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
Great news! More and more countries start to legalize bitcoin and crypto-currencies and this can only mean one thing: We are in the right place at the right moment!  Cool
full member
Activity: 140
Merit: 100
★Jetwin.com★
Its a great news to all the community, now lets see if the Korean BTC holders will declare their btc to the korean authorities,
This is the great news. I think it will kick up bitcoin's price and it will fly high  Grin
Now jokes on the side. It is real progress for all crypto-currency community and there is no doubt that other countries will follow it's experience. After such adoption Bitcoin's pricre will raise no doubt.

The progress really cant be understated! More countries should follow the same protocol soon, which gives btc even more stability/credibility.
legendary
Activity: 2940
Merit: 1865
South korea is one of the big country in the world, south korea have strong economy. It would be very beneficial if south korea legalizes bitcoin, bitcoin will be more trustworthy and many people will use bitcoin, that is good news. After several countries that legalize bitcoin like japan and russia and followed south korea which really is a superpower country, then i am sure bitcoin have good future
Although I don't like the south Korean country, his economic strength has always been very good, and I remember that when bitcoin was $1200, the Korean bitcoin was dominated by the bitcoin for $1,500


South Korea is a very impressive and modern country.  I visited there in 2012 to see our bearings suppliers.  Their factories are right out of Star Trek, modern, clean, robots, etc.  I had never been to such advanced factories before (although I'm, sure that semiconductor plants are even more advanced).  Samsung Electronics is their biggest company, and is extremely advanced.

Seoul, a city of 25,000,000 people (incs. the suburbs) has FREE WiFi all over the whole city, indoors and out.  Japan is worried that a united Korea could do to them what they did to us (take industries away).
hero member
Activity: 588
Merit: 500
Its a great news to all the community, now lets see if the Korean BTC holders will declare their btc to the korean authorities,
This is the great news. I think it will kick up bitcoin's price and it will fly high  Grin
Now jokes on the side. It is real progress for all crypto-currency community and there is no doubt that other countries will follow it's experience. After such adoption Bitcoin's pricre will raise no doubt.
sr. member
Activity: 504
Merit: 252
is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

I like the way you put distinction between the two Koreas. South Korea is the good Korea.  Grin The bad korea probably did not hear about bitcoin yet because it is a hermit kingdom. It seems to be existing on its own almost with zero contact with the rest of the world. Expect perhaps with their leader/king/god/idol Kim Jong Un because he seems to be watching TV all the time.  Grin

Anyway, another developed country following the steps of Japan and others. The rest will surely follow.
full member
Activity: 254
Merit: 100
Another great news for bitcoin and bitcoin community I hope more country will follow their steps especially here in Asia and all over the world. 
hero member
Activity: 826
Merit: 529
this is really great news for us who are in love and involved with Bitcoin. the more it spread out the more it will get accepted. so the question is the credibility of this platform, when it has become legal money then it has created a fantastic platform to get accepted at everywhere.
after Japan, South Korea has given their signal to allow it as a legal currency. I think it creates another milestone for its establishment.
hero member
Activity: 672
Merit: 500
This is really very good news. South Korea with this legalization step will offer Bitcoin, and crypto currencies in general, the opportunity to reach even more people and also to largest the community. It will also spread the word more and more about Bitcoin in this region
full member
Activity: 518
Merit: 103
this is good news not only for south korea but for all, since one of the richest country in asia today legalizes the use of bitcoins, others will follow, i think those countries who are progressing may soon follow, since south korea already acknowledges bitcoin and for sure south korea will not take this step if they know it will fail, we all know that they were at the bottom once, and now because of critical thinking they made their country great. i certainly hope other countries will see the value of bitcoin and what it can do to help the economy.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
If South Korea begins the legalization process, I predict that they will be among one of the first communities of Bitcoiners to integrate some elements of Bitcoin into their online gaming systems whether as a token of value in game they purchase or to transact between users, while in game currency is good having built in deposit and sell function with actual values in the game exchanges is going to be sweet ^^.
hero member
Activity: 2646
Merit: 686
hero member
Activity: 490
Merit: 501
Its just a matter of time for South Korea to legalizes bitcoin as they are trading huge amount daily. This is just an icing on the cake. The big 3 will really dominate the market now (China, Japan and South Korea). Asia is really leading the way for us and I hope that other economic superpowers will follow what the Asian tiger country have set. This is a good news for the crypto market as well and will bring a positive impact to the price which is $2800++ right now.

Bitcoin now belongs to Asia with the three economically giant  (Japan, China, South Korea) countries leading the way. I am more excited with Japan and South Korea though because they are really recognizing Bitcoin as a currency and their citizens can easily own Bitcoin just like any fiat money.  Soon, these big markets will fully reflect on Bitcoin and we are expecting a huge uptick of its value. Japanese are known to be good speculators and there would be many exchanges to open soon. The same thing can be said about Koreans...they are good in business and they can be bringing new approaches and new vigor to Bitcoin.

With the opening of South Korea, I am expecting that other small countries around Asia would also be interested to look at Bitcoin and how it can be integrated to their respective economies and then reap the possible benefits from cryptocurrency. Here in my country, Bitcoin is not officially recognized yet but it is not banned and we have money transfer or money remittance framework (where Bitcoin is taken like forex) being used by wallet service providers as basis for doing business. 
sr. member
Activity: 672
Merit: 251
Wow this is really great. Another country to legalize bitcoin in theirs. Wow, we are really getting into the cryptocurrency world. We know for a fact that South Korea is a great contributor on many fields such as in the field of technology. It is so cool to see this news and hope to see more links or news coming from you sir! Thank you for informing everyone here in the forum. Cryptoworld, here we come!
legendary
Activity: 966
Merit: 1042
is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

Lol are you really that cut off from the world?

Hey, where the bad guys the Nazis in WWII or was it the jews? I haven't been keeping up with 'the news'. Durp.



Their exchange's volumes are huge! I can't even believe how fast they are buying. $600MM+ a day?! Omg.
member
Activity: 68
Merit: 10
is South Korea the bad Korea or the good Korea? Haven't been keeping up with the news.

You must be only focused on Bitcoin and dont know the state of the past, present and future events.
member
Activity: 106
Merit: 100
South korea is one of the big country in the world, south korea have strong economy. It would be very beneficial if south korea legalizes bitcoin, bitcoin will be more trustworthy and many people will use bitcoin, that is good news. After several countries that legalize bitcoin like japan and russia and followed south korea which really is a superpower country, then i am sure bitcoin have good future
Although I don't like the south Korean country, his economic strength has always been very good, and I remember that when bitcoin was $1200, the Korean bitcoin was dominated by the bitcoin for $1,500
sr. member
Activity: 644
Merit: 250
South Korea has been actively investing in cryptocurrencies from quite a time. Bitcoin was being sold on premium sometimes double of the actual value. This shows how enthusiastically they are accepting Bitcoin. It was inevitable for government to make Bitcoin legal. This will definitely gonna boost the demand which was already very high in South Korea. Indeed a good news for the community.
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