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Author Topic: why all coins is much more expensive in korea  (Read 1365 times)
AztecGoldHero
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May 25, 2017, 11:15:34 PM
 #1

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.

for example eth ıs 170 dolar around at polo but ıts 280 around at korea. who ıs stupıd. korean buyers or polo sellers ??
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May 25, 2017, 11:16:43 PM
 #2

Why do people have to be stupid?

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May 25, 2017, 11:22:30 PM
 #3

Why do people have to be stupid?

exactly why ? Smiley

eth bıthumb prıze ıs 286 dolar
eth polo prıze ıs 183 dolar

ısnt here any stupidity.

why peope buy ıt from 286 dolar even polo has ıt from 186 or just the opposıte. why polo sellıng ıt.

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May 25, 2017, 11:55:01 PM
 #4

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.

for example eth ıs 170 dolar around at polo but ıts 280 around at korea. who ıs stupıd. korean buyers or polo sellers ??
Probably has to do mostly with the demand for cryptos there, if there is a large demand but the supply isn't exactly huge then it would make sense for a lot of the exchanges to be trading at higher than the normal rate, but double seems fantastical to be honest. I would have expected some people to start sending their funds to exchanges like that and exploiting the value difference that exists there.
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May 25, 2017, 11:58:24 PM
 #5

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.

for example eth ıs 170 dolar around at polo but ıts 280 around at korea. who ıs stupıd. korean buyers or polo sellers ??
Probably has to do mostly with the demand for cryptos there, if there is a large demand but the supply isn't exactly huge then it would make sense for a lot of the exchanges to be trading at higher than the normal rate, but double seems fantastical to be honest. I would have expected some people to start sending their funds to exchanges like that and exploiting the value difference that exists there.

ıts not about the supply bud. for etc %60 of all supply ıs marketıng at korea. same for ether too. thıs ıs the rıddıculus thıng %60 of money tradıng from 280+ dolar and for example ın polo ıts tradıng from 180 dolar just wıth %20 supply.
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May 26, 2017, 07:34:40 AM
 #6

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.

for example eth ıs 170 dolar around at polo but ıts 280 around at korea. who ıs stupıd. korean buyers or polo sellers ??
The price of the coins in the market are always depending on the demand of the people, as long as there is a demand in the market that has a higher price then it will be the base price of the coin. It doesn't matter to them, in my opinion. As long as they have to make profits then it is still okay for them to deal with a higher price.
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May 26, 2017, 07:43:52 AM
 #7

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.

for example eth ıs 170 dolar around at polo but ıts 280 around at korea. who ıs stupıd. korean buyers or polo sellers ??

Different exchange doesnt have a uniform value of a coin. The price is dictated by the movement of the market, the reason why the altcoins in koreas was much more expensive than the other exchanges is due to its demand. But it does not mean that people are stupid since they have good reasons why they purchased those coins. If you visit the website cryptocompare you can see that in diferrent exchanges there are different prices.
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May 26, 2017, 08:03:20 AM
 #8

I think it's not just in korea but all countries, in my country is more expensive about 5% from china exchanger, this is the trend of cryptocurrency and everyone is trying to make the best coins.

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May 26, 2017, 08:05:11 AM
 #9

you should check first if those exchange don't have some issue, like deposit issue, coin being stuck, problem with their bank, usually when the price is higher either you can't get coins out of the exchange or you can not deposit

this happened at bitfinex for example, maybe it's not the case here but you need to see this first, or it could be that there are some restriction or heavy delay on payment, i doubt investors are so retarded to pay 2x higher...
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May 26, 2017, 09:34:30 AM
 #10

Isn't it possible for Korean people to buy coins at other exchanges? Why would anyone pay that much more to buy BTC or ETH?
At those prices, you'd probably not even make a profit unless you're selling on those same exchanges, thus perpetuating the problem.

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May 26, 2017, 11:14:57 AM
 #11

you should check first if those exchange don't have some issue, like deposit issue, coin being stuck, problem with their bank, usually when the price is higher either you can't get coins out of the exchange or you can not deposit

this happened at bitfinex for example, maybe it's not the case here but you need to see this first, or it could be that there are some restriction or heavy delay on payment, i doubt investors are so retarded to pay 2x higher...

ı really dıdınt understand what ıs goıng on. ıt s not about exchage sıte's probmlem about deposıt. because there was no problem at the begenıng. that deposıt wıthdraw problems started after prıze dıfference because some guys used ıt for arbıtraj. there ıs %50 arbıtraj. and seem polo whales doesnt allow to prıze up to make arbıtraj there.
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May 26, 2017, 10:03:12 PM
 #12

Why do people have to be stupid?

There seems to be no reason that's why it's strange the price is hitting that  high in Korea. There must be some good reason of that sort but it's not forthcoming.
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May 27, 2017, 12:43:25 AM
 #13

Isn't it possible for Korean people to buy coins at other exchanges? Why would anyone pay that much more to buy BTC or ETH?
At those prices, you'd probably not even make a profit unless you're selling on those same exchanges, thus perpetuating the problem.

If I were a korean , i will find a way to buy at some other exchanges , unless they can track the transaction and its forbidden to their laws. I cant see any reason why it will be that high.
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May 27, 2017, 01:08:22 AM
 #14

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.

for example eth ıs 170 dolar around at polo but ıts 280 around at korea. who ıs stupıd. korean buyers or polo sellers ??
It can't be determined by a simple reason, It has happened on my local exchange site.There is a lot of gap with another common exchange site such as polo, and kraken.
This about the hype of the community between the exchange site or local communities itself.
As far as I know, there is not a problem on the korean exchange site.

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May 27, 2017, 01:26:07 AM
 #15

You should try another alternatives in buying coins other than your local exchangers if it was a little bit high compare to other markets there are some online seller accepting paypal or creditcards for eth or btc.

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May 27, 2017, 09:03:56 AM
 #16

In my opinion, the excess demand that will increase the price of Bitcoin in korea countr

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Wandika
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May 27, 2017, 09:07:30 AM
 #17

You should try another alternatives in buying coins other than your local exchangers if it was a little bit high compare to other markets there are some online seller accepting paypal or creditcards for eth or btc.

Don't settle for things that are too much if there are available that can benefit us more , i don't know why theres a reason for increase in korea specifically but in some exchange they mighy offer same price in every country.

megynacuna
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May 28, 2017, 07:23:21 AM
 #18

you should check first if those exchange don't have some issue, like deposit issue, coin being stuck, problem with their bank, usually when the price is higher either you can't get coins out of the exchange or you can not deposit

this happened at bitfinex for example, maybe it's not the case here but you need to see this first, or it could be that there are some restriction or heavy delay on payment, i doubt investors are so retarded to pay 2x higher...

I think you're right about the restrictions, it could be the reason why the Korean exchanges are selling it that high. Politically you know South Korea and North Korea are at odds and who knows maybe the happenings on the ground has prompted many to move their money's away from the country and they could easily do it through cryptocurrencies that's why the exchanges also want to take advantage and profit.
PokerFace3
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May 28, 2017, 07:32:59 AM
 #19

can someone explain this to me.

all btc eth etc ltc are nearly have double prıze at korea than the other exchanges.
When a country is highly isolated from the rest of world in terms of money conversion/ wire transfer, people will be forced to pay higher fees for their needs. This what happening right now with Korea.

With the respect to their available payment options, they are unable to buy from international markets but they are being forced to deal only with local people/exchanges. This had happened to India by end of last year when they banned their top currency notes.
Kabul
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May 28, 2017, 07:41:51 AM
 #20

I believe that they are out of Bitcoin and ethereum and because of that fact, the prices must be higher than usual in order to cover the huge demand of cryptocurrency in this country. in my country, the bitcoin price is also 10% higher than the world price

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