Post
Topic
Board Economics
Re: I'm afraid of the crypto craze in Korea.
by
Twinkledoe
on 01/04/2021, 23:30:58 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.
Lets face up the reality because rich would always have the advantage once they do decide to deal up with things specially when theres money or profit involved no matter what kind of market it is.
When it comes to craze and hypes then this wont really limit out on certain country but also in other countries as well where it is already going to the point that it isnt already convincing at all
or rather simply a pure hype.If you do get stressed up with these things then better not to look into the market or wont really be making any step forward.Try to wait up for the right
time because once you do get caught in the middle then you would really be having a hard time on dealing with things later on.


Can the OP be more specific about his worries? Because from my impression, he is worried about crypto investments as becoming more of a speculative market, and that actually what crypto is. Not only in Korea but all parts of the world where crypto has presence. He should not worry too much because that's the nature of crypto, and that's why people are attracted to this kind of market. They can easily gain money at short period of time but they can also lost a lot in a snap.