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Title: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Venn Harris on May 07, 2018, 01:45:34 AM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.
In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. What did you know about it? Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Faithgg on May 07, 2018, 01:57:08 AM Yes, I read the article: "Indonesia's largest trader platform will soon have more members than the nation's stock exchange," said Oscar Darmawan, CEO of Bitcoin. At the end of this year, the exchange will have about 1.5 million transactions of bitcoin, ethereum and ripple, starting in 2014, but now attracted 1.14 million investors. " 8)
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Herbert2020 on May 07, 2018, 05:34:16 AM at some point in time this may have been true. for example during the last month of 2017 when price was shooting to the moon and a huge amount of money was coming in, this may have been correct because during these surges a lot of FOMO buying takes place and attracts a lot of investors. but generally speaking bitcoin is still very small and doesn't have that many investors which means the number of stock investors are a lot higher than bitcoin investors in any country.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: bigmaster23 on May 07, 2018, 06:22:41 AM In Southeast Asia, people are trading very aggressively. Abundant player over played their part in which case it let be their coffin to sleep in, having tactically over out-smart their competitor not being aware that they are the only one loosing tiny fraction of capital on their hands time by time will sufficiently convenient for their enemy, being persistent aggressive on this field of knowledge will put a glimpse to your vulnerability and will end you if it is well grabbed by their catch. Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Kokondao on May 07, 2018, 06:29:33 AM That's very good, it's true in Indonesia it's just not commemorate bitcoin, and more are playing in the bitcoin market than the stock market, because bitcoin markets have advantages over the stock market, from time that never goes to holidays, invest in bitcoin.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: sate_padang on May 07, 2018, 07:14:13 AM In Southeast Asia there is a lot of money on cryptocurrency, especially bitcoin from the stock market, and I think it's all because of the ever-rising bitcoin price, and no government ban.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Tankdestroyer on May 07, 2018, 07:24:03 AM but generally speaking bitcoin is still very small and doesn't have that many investors which means the number of stock investors are a lot higher than bitcoin investors in any country. Nevertheless, it is still a well known fact that some countries in South East Asia are bitcoin friendly, and soon bitcoin trading volumes would get bigger. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. Do not be surprised, they won't prohibit it if they benefit from it. I strongly suspect that India also wants to use blockchain technology to their advantage, and is closely watching Venezuela's move. They might also want to study more about blockchain for them to benefit from it. For this reason IMO they do not ban bitcoin and crypto trading their countries.What did you know about it? Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Kemarit on May 07, 2018, 08:08:12 AM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. What did you know about it? Care to share the link? As far as I know Indonesia is heavily clamping on crypto currency. Quote Jakarta. Bank Indonesia has reiterated its warning against speculation in cryptocurrencies for fear that a bubble could destabilize the country's financial sector. "Ownership of virtual currency is highly risky and full of speculation, because there is no single responsible authority, official administrator, nor underlying asset backing the virtual currency, which puts it at risk of forming a bubble, and because it is prone to be used in money laundering and terrorism financing, all of which make it capable of affecting financial stability and harming society," Bank Indonesia spokesman Agusman said in a statement on Saturday (13/01). The central bank said cryptocurrencies are not legal tender in Indonesia and cannot be used in transactions. Bank Indonesia does not allow banks, financial services, electronic wallet providers, payment service providers and financial technology companies to process any cryptocurrency payments. While the bank stopped short in the statement from outright banning cryptocurrency trading in the country, it urged Indonesians not to own, acquire or trade in it. http://jakartaglobe.id/bankingfinance/bank-indonesia-urges-indonesians-to-avoid-cryptocurrency-trading/ So its weird that according to you Central bank of Indonesia doesn't prohibit trading floor from listing shares, but the statement above totally contradicts it. Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: stompix on May 07, 2018, 08:16:06 AM Yes, I read the article: "Indonesia's largest trader platform will soon have more members than the nation's stock exchange," said Oscar Darmawan, CEO of Bitcoin. At the end of this year, the exchange will have about 1.5 million transactions of bitcoin, ethereum and ripple, starting in 2014, but now attracted 1.14 million investors. " 8) So their average investor is doing 1.3 transactions a year? ;D Here is the article: https://www.newsbtc.com/2018/03/14/indonesias-largest-crypto-exchange-indodax-overtake-countrys-stock-exchange/ Quote Indonesia Digital Asset Exchange, or INDODAX — the largest Indonesian cryptocurrency exchange — is set to bypass the nation’s century-old stock exchange in the number of users. According to Chief Executive Officer Oscar Darmawan, INDODAX, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies like Bitcoin, Ethereum, and Ripple by the end of the year. Ok, let's check the volume of this INDODAX... https://coinmarketcap.com/exchanges/indodax/ 20 millions/day....and 1 million "investors". If we would keep the proportions worldwide, 1 billion people would be trading coins ;D ;D ;D ;D Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: freesia_pnp888 on May 07, 2018, 10:54:18 AM yes, imagine where i come from, people're hyped over bitcoin. but i guess it's all over asia, too, not only southeast
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Daniel Brian on May 08, 2018, 12:55:10 PM I heard my friend say Indonesia Digital Asset Exchange is aiming to double daily trading volume from the current average of 100 billion rupiah (US $ 7.3 million) per day. Meanwhile, in 2017 the average daily exchange of Indonesian stock exchanges received $ 550 million worth of stock transactions. oh my god, It is amazing!
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: erickkyut on May 08, 2018, 12:59:12 PM I'm here in the Philippines and I don't think that Bitcoin investors might exceed the number of stock market investors because most of the citizens think that Bitcoin is a scam but I'm sure that the number is definitely growing. The Centrak Bank of the Philippines announced that a crypto related business can operate in our economic zone which is a good thing for this industry. I'm not sure with other Asian countries if the number of Bitcoin investors is rapidly growing.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Batang Hambog on May 08, 2018, 01:10:26 PM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. during the last month of 2017 when price was shooting to the moon and a huge amount of money was coming in, this may have been correct because during these surges a lot of FOMO buying takes place and attracts a lot of investors. In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. What did you know about it? Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: saaayyyeeel on May 08, 2018, 01:14:45 PM It's not a new thing and it's going to be true even in the other regions or countries later since Bitcoin is widely accepted as a form of payment in many countries and establishments around the world, stock market traders are shifting into Bitcoin.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: thomaseco on May 09, 2018, 10:46:19 PM I don’t think you are right. Though bitcoin is developing tremendously but still it didn’t come to a position where the number of bitcoin investors can be compared to stock market investors. The stock market investors in south east Asian countries are way more than bitcoin investors undoutedly.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Pattberry on May 09, 2018, 11:00:21 PM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. It is a speculation that the cryptocurrency market will be bigger than the stock market in the future, we are growing by leaps and bounds and the price of bitcoin has to reach new levels to see those changes and it will take a longer period of time for that, the stock exchanges actually has figures in trillions of dollars and we are in the billion club right now, but in the future it might change and we cannot predict things exactly.In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. What did you know about it? Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: laserfocused on May 09, 2018, 11:51:54 PM I don’t think you are right. Though bitcoin is developing tremendously but still it didn’t come to a position where the number of bitcoin investors can be compared to stock market investors. The stock market investors in south east Asian countries are way more than bitcoin investors undoutedly. Yes too quick for Bitcoin to pass out the stock market. Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: allen67 on May 10, 2018, 02:07:29 AM Yes, peopli in South-east Asia are investing more in Cryptocurrencies than the stock market. The Bitcoin provides more stability and advantages than that in stock market.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Ethan Argu on May 10, 2018, 02:32:52 AM I can say many participants in bitcoin are from southeast Asia. Me as a Filipino from the Philippines in my country I can say many of us here a currently active starting from the age of 15. Many of us here in my country are interested when it comes to earning money.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: goldminecrypto on May 10, 2018, 07:36:30 AM I am not so sure about Central Bank of Indonesia. But it is true that most South Asians are aggressive in term of investing or any profit generating work. I think this is positive. But they should calculate more before finalizing the plan.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Xester on May 10, 2018, 07:40:37 AM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. What did you know about it? If the Central Banks of Indonesia does not consider dollars to be legal then people will opt to use bitcoin. It is no wonder why the number of Indonesian bitcoin players are much more compared to the total number of stock players in their area. This is not only true to Indonesia but to countries such as Philippines wherein the number of cryptocurrency traders is more than the forex or stocks exchange players and investors. Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: cryptojohnn7 on May 10, 2018, 07:53:25 AM Yes the shouth asian country bitcoin player are more conscious because they are investing huge amount of money in here because they understand the future of bitcoin because bitcoin have good futre in crypto market and also it might be a futre currency also. Based on this using bitcoin they can trade and also they are getting many facilities which is beneficial for them.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: rogerjordan07 on May 10, 2018, 08:15:43 AM Nice scenery! This shows that bitcoin is flourishing all over the world. One day it may happen that each and everyone of the world is using bitcoin, the most popular crypto currecy and all the governments of different countries will withdraw its bans and legalise it.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: bajingluncat on May 10, 2018, 09:01:54 AM no wonder if in southeast asco bitcoin gained high popularity. because it is true the number of bitcoin players exceeds the capital market players, it is the fact using bitcoin is more profitable, I am grateful in the Southeast Asian countries there is no prohibition to invest in bitcoin
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: farhiamunni on May 10, 2018, 05:08:01 PM Bitcoins popularity is increasing day by day in Southeast Asian Country. They earns lots of profit from bitcoin because bitcoins price is also increasing. But I think it is tough for bitcoin to exceed stock market.
Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: TimesVeronica on July 06, 2018, 04:23:01 AM I do not know about this. But in Southeast Asian countries, they always want to get rich quick. Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: enhu on July 06, 2018, 04:49:22 AM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal. What did you know about it? If the Central Banks of Indonesia does not consider dollars to be legal then people will opt to use bitcoin. It is no wonder why the number of Indonesian bitcoin players are much more compared to the total number of stock players in their area. This is not only true to Indonesia but to countries such as Philippines wherein the number of cryptocurrency traders is more than the forex or stocks exchange players and investors. That's true. The success of people in crypto are just overwhelming that they forget about the old markets such as stock and FX. Its not because they do have money to invest but more people are aware how to get coins, I have visited mining farms and friends who mine ETH and XMR at home which they earn more. Trading isn't for them but holding and mining are far better than getting into FOREX and stock market. Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: Pursuer on July 06, 2018, 05:30:56 AM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. some day that can happen as bitcoin grows in adoption. but not yet, we are very far from that day. you may hang around in bitcoin related communities and see bitcoin only and a lot of trades so that may seem to you like a lot but if you get out and look at the market from outside with a fresh eye you can see that despite all the growth that bitcoin had in the past few years the market is not yet that big. we need to grow a lot more for it to be able to become as big as stocks market,... Title: Re: In Southeast Asian country, bitcoin player is exceed stock market player, right? Post by: stompix on July 06, 2018, 02:47:15 PM In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market. some day that can happen as bitcoin grows in adoption. but not yet, we are very far from that day. you may hang around in bitcoin related communities and see bitcoin only and a lot of trades so that may seem to you like a lot but if you get out and look at the market from outside with a fresh eye you can see that despite all the growth that bitcoin had in the past few years the market is not yet that big. we need to grow a lot more for it to be able to become as big as stocks market,... I disagree a bit with this. If bitcoin becomes more popular and adoptions kicks in really globally, not the levels we're seeing now with 10 companies accepting coins and a few thousand ATMs worldwide (not even talking about the puny 200k transactions a day) probably the price will stop being so volatile and we're going to reach a level where for sure holding won't bring you x1000 times return. Actually, I think we're at a point where x100 is probably the best we can hope for a decade. When this happens a lot will lose interest as there is no longer possible to become rich overnight with a 10$ investment. |