Post
Topic
Board Economics
Re: I'm afraid of the crypto craze in Korea.
by
KryptoKings
on 02/04/2021, 19:59:28 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.
Btc and most crypto are global hemce local and regional markets can not make big price difference.
Every where in the world, crypto market is mostly highly speculative but you can avoid this by buying btc and holding it for at least few years.
If majority of us stop selling whenever we are in profit, we can get rid of this speculative nature of crypto.