We're seeing investors transferring their funds into cryptocurrencies as they try to diversify their risk in case of a severe downturn in the market. The space has gone from niche to more widely adopted with one of the main draws being that crypto currencies are seen as less correlated with other assets." said Ron Chernesky, chief executive officer of trading platform InvestFeed Inc. which is switching from equity trading to cryptocurrencies.
Bitcoin's volatility is about ten times that of gold, so it's not for the faint-hearted.
The South Korean's are some of the biggest players in the digital currencies space with the South Korean won making up 40% of ethereum trading volume.
Not only is South Korea one of the most digitally savvy nations, but if they do get dragged into war with the rogue state to their north, they probably won't want to be holding KRW. Hence, the huge participation in cryptocurrencies from South Koreans.
should we invest in bitcoin and other cryptos? risk and reward? or risk and ruination?
Source: http://www.forexlive.com/news/!/is-bitcoin-the-next-safe-haven-asset-20170811
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nice article
and the Korean thing is truely something worth pointing out. They are also the biggest investors in Ripple and if this thing with North Korea escalates it could have desastrous concequences for the crypto world. if there is an all out war there is no way to stop the missile barrage from the north and it would result in min 100.000 deaths in the first day
I was in Seoul years ago and it is a strange city with them living under the constant northern threat (beyond the wall)
lets hope it doesnt come to :
https://steemit.com/news/@felander/nagasaki-day-a-day-to-comtemplate-the-nuclear-lessons-with-north-korean-threats-in-mind
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Wow Nice information
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thankyou :)
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I want to invert. Can u help me..
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Bienvenido a Steemit! Este Post puede tener muchos upvotes con la ayuda del King: @dineroconopcion, El cual es un Grupo de Soporte mantenido por @wilbertphysique, @yoenelmundo y 5 personas mas que quieren ayudarte a llegar hacer un Top Autor En Steemit sin tener que invertir en Steem Power.Te Gustaria Ser Parte De Este Projecto?
Welcome to Steemit! This Post can have many upvote's with the help of the King's Account: @dineroconopcion, It's a Support Group run by @wilbertphysique, @yoenelmundo, and 5 other people that want to help you be a Top Steemit Author without having to invest into Steem Power. Would You Like To Be Part of this Project?
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