Post
Topic
Board Bitcoin Discussion
Re: can't understand why Korea is in speculation
by
Lucius
on 05/12/2023, 15:16:48 UTC
I think that, above all, one should respect other people's decisions to invest their money in what they want, as long as such investments are not illegal and do not contribute to endangering other people. If some people (and even the majority) think that investing in something other than Bitcoin is more profitable for them (and that is the main reason for their investment), I don't see why they would be seen as someone who is doing the wrong thing.

Theoretically, if you invest in BTC, it is realistic to expect that you will earn x5 or in the best case x10 in the next 2-5 years, and some altcoin can result in much more than that in the same period. Of course, there is always a risk that things will go downhill, whether it is Bitcoin or even more so with altcoins. People simply like to gamble in a way that they invest a little and get a lot, and that is exactly what the owners of these altcoins promise them.

~snip~
Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

Is that your opinion or is there any research to back it up? It's kind of hard for me to believe that most people don't know the difference, but I guess there is some truth in that, because a lot of people have a very wrong perception of what Bitcoin is.

It's not that I'm an expert on South Korea, but I watched a documentary a few years ago and it seems to me that it's the only country where, in addition to knowledge, young people must also have a certain physical predisposition to get a job, which means that many go for medical procedures to look more acceptable to the employer.