In Southeast Asian country, bitcoin player is exceed stock market player, right?

[Xester]

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.

[cryptojohnn7]

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.

[rogerjordan07]

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.

[bajingluncat]

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

[farhiamunni]

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.

[TimesVeronica]

I do not know about this. But in Southeast Asian countries, they always want to get rich quick.

[enhu]

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.

[Pursuer]

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,...

[stompix]

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.