Post
Topic
Board Economics
Re: I'm afraid of the crypto craze in Korea.
by
teosanru
on 01/04/2021, 17:29:04 UTC
I'm also a crypto industry worker, but these days, the Korean crypto market seems to be really too dangerous. It is becoming more speculative than investment, very concerned. Along with the frenzy of cryptos following real estate and stocks, the gap between the rich and the poor is getting wider and wider, and this seems to flow in the opposite direction to the value we hoped for through bitcoin, which is very frustrating.
Hasn't it always been this way? I mean at least in the rest of the world it has always been more speculative. No one expects his investments to give such big returns. if people would have been doing investments in Bitcoin. It would have a maximum price of $1000 and nothing more than that trust me. I don't know why people had some lame expectations from crypto to narrow the gap between rich and poor. How is that even possible? Even if it's crypto the human tendency doesn't change. It remains the same always no matter what. If we are actually looking towards Bitcoin as a Value? why don't you tell me what is the value? is the technology which is barely used as a currency now worth $60k per coin? It's the mix of speculation and investor emotion that has brought it this high.