Bitcoin price reached $2,850 in South Korea on yesterday

BTC price reached $2,850 in South Korea yesterday, How great is that? I foresee those individuals holding on to BTC smilling

Really?That's amazing!How i wish i was there transacting my bitcoin.Well a big clap for bitcoin users there!Hopefully by next time it would also happen in our place.

Quote from: BaumT on May 24, 2017, 09:24:15 AM

BTC price reached $2,850 in South Korea yesterday, How great is that? I foresee those individuals holding on to BTC smilling

Vow, amazing. And what's the current price?

Quote from: BaumT on May 24, 2017, 09:24:15 AM

BTC price reached $2,850 in South Korea yesterday, How great is that? I foresee those individuals holding on to BTC smilling

Awesome it goes up and down lately but more up then down

US and other countries now it's $2390.15, And South Korea surely now its above that amount

Holy shit..it is over 3.2k today! https://www.bithumb.com/

Woah! Good for them and for those holding on to their bitcoins, I'm sure those who are holding on to their altcoins are panic selling as we speak 'cause I'm pretty sure it's dumping hard.

It is unbelievable that such price was only in South Korea. I suppose the price should be the same over the world, and yes, it can be some little difference on exchangers, because of they set the price themselfs.

Great!Bitcoin earners are lucky enough to have reached that price.But wait is the price of bitcoin not uniform with all the countries?Whatever it is,i'm still lucky to be a bitcoin member.

Bitcoin holder today are very much lucky because bitcoins price rise on its peak price. They can sell there bitcoin on a very high price. Its so sad that I didnt gain bitcoin as much as my goal. Hope to earn more bitcoins and bitcoind pump more.

this would be awesome that Korea is now engaging in trading cheers!

The spread between South Korean and the western exchanges too huge, this is a good trading arbitrage for those that have huge fund for trading

Quote from: jacafbiz on May 25, 2017, 06:12:38 AM

The spread between South Korean and the western exchanges too huge, this is a good trading arbitrage for those that have huge fund for trading

How easy it is to open the btc trading account in S. Korea exchange and amount withdrawal must be taking lot of time? I don't think that will be so easy to do arbitrage between say S. Korean exchange and bit stamp or some local exchange. Just like in CHina withdrawal of your amount is not easy it takes days before you get it so you lose out the opportunity actually.

It's crazy to see the price increased so much. I predict bitcoin price will be over $2000 at the end of this year, now not even halfway through the year and the price almost hit $3000 at some place.

Quote from: BaumT on May 24, 2017, 09:24:15 AM

BTC price reached $2,850 in South Korea yesterday, How great is that? I foresee those individuals holding on to BTC smilling

currently its already $2564 and it keep on rising so it will not imposible to reach that price in overall market in a few days or weeks
lets just hope it become stable when it reach that price

do we have some numbers! i can not find anything on South Korean exchanges online in the popular stats reporting websites.

i am looking for both price and volume coming from there not just random saying it is high!

Quote from: jacafbiz on May 25, 2017, 06:12:38 AM

The spread between South Korean and the western exchanges too huge, this is a good trading arbitrage for those that have huge fund for trading

I feel it is too risky as all the exchanges around the globe are moving so fast and the convergences of prices are taking place time to time but few Asian markets are leading in between times.

I speculate bitcoin prices are moving toward $5000 levels as short term target (long term target must be $10000 by end of this year) so simply trading bitcoin itself will be more profitable rather than getting struck with arbitrage trading. I did read there are many arbitrage opportunities are being spot out, but I guess at this time, we do not need to risk into it.

The price of bitcoin still increasing this day and maybe soon the price what you mention $2,850 i think sooner the price can be touch in the price soon..
Since more people knows about bitcoin and also korea we should expect more price increase sooner..
The only people who are lucky are people who holding lots of bitcoin unlike small holders like me i can only get small benefits and i couldn't imagine that the price can be increase more..

Korea is irrelevant for people outside Korea. They have strict KYC/AML rules. The price difference exist because moving money in/out is hard.

usually when prices rise up a lot like this somewhere in the world that has never been in the news, that means it had a sudden new adoption.

these places usually have a small exchange platform with small orderbooks, with mostly small orders in it. and when there is a sudden "bitcoin awakening" in these countries, people go to first place they can buy it and because it was small the prices jump up fast with the volume spike.