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 ??
People are not stupid. This is just the demand and supply problem. Besides Korea, Japan and India are also having the same high price at the local exchanges.
1.) When the supply of bitcoin from local market is low, supply have to come from overseas.
2.) When the supply need to be obtained from overseas, funds have to be transferred to overseas.
3.) To transfer fund to overseas, you will need to have overseas accounts and each transfer will cost you a high transfer fees.
4.) To profit, you need to increase the price....
Another problem is that, when you have transactions involving huge amount to overseas accounts, bank might ban you because you might be linked to high risk/anti-bank investments like bitcoin...
