Post
Topic
Board Bitcoin Discussion
Re: can't understand why Korea is in speculation
by
avikz
on 05/12/2023, 16:43:36 UTC
I am 19 years old Korean. I am little sad because of people's mind here. I think Korea is an advanced country and I think Korea has a higher perception of cryptocurrency than other countries. However, I think Korea is investing(I think almost speculating) more in altcoins (Dogecoin, Ripple, EOS, Quantum, Solana, etc) than Bitcoin.  Their investment is around $50,000 (average Korean adult income per year). I don't understand why they spend all their investments on trashy altcoins with the money they can get from saving a year without spending a penny. $50,000 is money that adult men have to save for over 10 years in most countries except developed countries. If Korea focuses more on bitcoin investment, I think there will be a lot of new rich people in 10 years. What do you think? Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

From where did you get the data that Koreans are investing more in altcoins rather than Bitcoin? Did any exchange published it? Have you read an article somewhere? I would like to have a look.

I am not sure about Korean weather they like gambling or not. If as a community Koreans like gambling, they would invest in altcoins. Otherwise I don't see any other sane reason here for not investing in Bitcoin.