Post
Topic
Board Bitcoin Discussion
Re: Korean Crypto Market is ‘Pretty Dead’, Says Primitive Ventures Founder
by
blckhawk
on 24/10/2019, 13:43:45 UTC
Korean traders have thrown in the towel, with crypto trading volumes visibly lower over the last few months. The Kimchi premium is now completely gone, and the slower volumes have wiped out the markets for multiple altcoins.
https://bitcoinist.com/korean-crypto-market-is-pretty-dead-says-primitive-ventures-founder/
Altcoins tend to crash to death because primarily, they're worth cannot be stated. Considering the market for altcoins is crowded, and most of these so called coins offer nothing of real value to be holded by investors, makes them prone to irrecoverable death. Their basically useless in the sense, but not all of them. ETH and other top altcoins still has something in them. Just don't expect altcoins to continue to grow or even surpass bitcoin in the next few years because it's highly unlikely to happen.