Bitcoin Forum
May 25, 2024, 05:33:52 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Asian vs. Western Investors  (Read 1043 times)
gloomboomdoom (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile WWW
June 22, 2017, 02:36:34 AM
 #1

Forgive me the classification "Asian" and "Western," am living myself in Asia, great inspiring place, there's not the slightest negative connotation in the title.

Tried to do some research on the topic, difficult to find any worthwhile information:

Are Asian and Western crypto investors behaving differently?

With many markets in firm hands of Koreans, Japanese and Chinese, what does it mean for price development and the overall cryptocurrency market / industry?

Are Asians really the gamblers we often hear? Would that prevent solid price increases?

Are Westerners really the more traditional investors looking for sustainable values and growth potential?

How would the markets behave differently with more / less Asian / Western investors?

How things are now, you consider it to be a good and healthy development, or we're rather on a risky path?
mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 22, 2017, 03:20:07 AM
 #2

I think you are right on your statements. Most western investors prefer more solid investments, traditional ones. Asian investors are looking for any kind of investment that could give them chances to make profit, and now focused in technology.

I believe this happen because asian people want to make money fast as they are in need, while western people have already a more consolidated life, more confort and they aren't desesperate for money, at least most of them.

Possible to see this by looking the Crypto market, asians are the majority parcel of users in exchanges.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Wipro
Hero Member
*****
Offline Offline

Activity: 924
Merit: 512



View Profile
June 22, 2017, 04:51:27 AM
 #3

I think you are right on your statements. Most western investors prefer more solid investments, traditional ones. Asian investors are looking for any kind of investment that could give them chances to make profit, and now focused in technology.

I believe this happen because asian people want to make money fast as they are in need, while western people have already a more consolidated life, more confort and they aren't desesperate for money, at least most of them.

Possible to see this by looking the Crypto market, asians are the majority parcel of users in exchanges.

You find the fortune 500 companies mostly listed from the european country. In technology wise they are moving faster than asians in the IT and infrastructure. Most of the asians are getting wages and projects from the US and UK. As investment wise Western people are best to take decision.
mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 22, 2017, 03:49:02 PM
 #4

I think you are right on your statements. Most western investors prefer more solid investments, traditional ones. Asian investors are looking for any kind of investment that could give them chances to make profit, and now focused in technology.

I believe this happen because asian people want to make money fast as they are in need, while western people have already a more consolidated life, more confort and they aren't desesperate for money, at least most of them.

Possible to see this by looking the Crypto market, asians are the majority parcel of users in exchanges.

You find the fortune 500 companies mostly listed from the european country. In technology wise they are moving faster than asians in the IT and infrastructure. Most of the asians are getting wages and projects from the US and UK. As investment wise Western people are best to take decision.

I don't doubt about it. But I'm not thinking only about developers and creators, but common investors in Crypto-Currency, users.

It's not a secret the asian Exchanges are the most used and most traders are from asian countries at this moment. The asian countrie's people adopted Crypto-Currencies faster (for some shady reasons too, like thieves creating Ponzi schemes with fake AltCoins and Bitcoins). And as you can see, the biggest mining power amount is in China.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Blind Legs Parker
Hero Member
*****
Offline Offline

Activity: 2002
Merit: 721



View Profile
June 22, 2017, 04:17:56 PM
 #5

I really don't know. See, I'm originally European and I live in Asia now. Europeans, at least those that I know, aren't gamblers at all, but the Asians that I know aren't either. I've never seen any reliable data sustaining that one or the other culture was more directed towards gambling. What I'm seeing is mostly people constantly repeating the same cliches, without ever providing sources for what they're saying.
Speaking of which:
It's not a secret the asian Exchanges are the most used and most traders are from asian countries at this moment.
Source? Anyone can trade on any exchange. I can go and trade on an American exchange if I want, even though I've never been to America. How do you know that people who trade on Asian exchanges are Asians?

Vous pouvez maintenant refermer ce topic et reprendre une activité normale. À ciao bonsoir.
Iranus
Hero Member
*****
Offline Offline

Activity: 1820
Merit: 534


Leading Crypto Sports Betting & Casino Platform


View Profile
June 22, 2017, 04:40:48 PM
 #6

It's impossible to generalise and be fully accurate on these things... but I do think that many Asian cryptocurrency investors have been too hyped about this whole situation.

My justification for this is that the price in South Korea (and to a lesser extent, Japan) is at a significant premium to Western prices.  Because arbitrage is difficult, the markets are wild and the investors there begin to deviate from the Western trends.

This could imply that the prices are more speculative/a gamble, because the fundamentals of Bitcoin have not justified those prices throughout most of the recent rallies.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
tittensor
Sr. Member
****
Offline Offline

Activity: 443
Merit: 250


View Profile
June 22, 2017, 05:43:51 PM
 #7

Forgive me the classification "Asian" and "Western," am living myself in Asia, great inspiring place, there's not the slightest negative connotation in the title.

Tried to do some research on the topic, difficult to find any worthwhile information:

Are Asian and Western crypto investors behaving differently?

With many markets in firm hands of Koreans, Japanese and Chinese, what does it mean for price development and the overall cryptocurrency market / industry?

Are Asians really the gamblers we often hear? Would that prevent solid price increases?

Are Westerners really the more traditional investors looking for sustainable values and growth potential?

How would the markets behave differently with more / less Asian / Western investors?

How things are now, you consider it to be a good and healthy development, or we're rather on a risky path?
In 2017, crypto market very interesting with investor from Asian, special from developing country, example Korea, Vietnam, India ... (I not choose Japan and Chinese because they are have more exp in trading crypto past time)
More people from investor HYIP, Ponzi project, dice, betting ... become to trader and they trading look like as gambilling or ponzi, ex: pump some coin just notification in a group have huge member and the price will pump very fast, but then will down very more because the people send this news have bought a huge coins before notification that and take profit after pumped!
CyberKuro
Hero Member
*****
Offline Offline

Activity: 798
Merit: 506


View Profile
June 22, 2017, 05:48:22 PM
 #8

I think you are right on your statements. Most western investors prefer more solid investments, traditional ones. Asian investors are looking for any kind of investment that could give them chances to make profit, and now focused in technology.

I believe this happen because asian people want to make money fast as they are in need, while western people have already a more consolidated life, more confort and they aren't desesperate for money, at least most of them.

Possible to see this by looking the Crypto market, asians are the majority parcel of users in exchanges.

You find the fortune 500 companies mostly listed from the european country. In technology wise they are moving faster than asians in the IT and infrastructure. Most of the asians are getting wages and projects from the US and UK. As investment wise Western people are best to take decision.
But, how about China and Japan? They are included into first world countries, their technology and development can compare to western countries. Maybe, there are more people in Asian who believe in bitcoin or cryptocurrencies as their investments seems mostly ahead of other exchanges. Which mean, more money involved in their exchanges, although everyone wants to make profit whether you live in western or in Asian.
shield132
Hero Member
*****
Offline Offline

Activity: 2226
Merit: 865



View Profile
June 22, 2017, 10:29:56 PM
 #9

Really good and interesting question because result is very interesting. To my mind first one wins and also the fact that illegal things and actions are popular in that countries and people are so many, it really makes a big thing. Western investors aren't like them. They don't fight so much to gain controls but really, mostly they are successful what they really want.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
gentlemand
Legendary
*
Offline Offline

Activity: 2590
Merit: 3013


Welt Am Draht


View Profile
June 22, 2017, 10:59:18 PM
 #10

I think it's pretty clear that there's always been a large difference between crackers and Asians.

Look at the sheer fever of the Chinese stock market. Can you imagine the US government shutting down the NYSE to save its own population?

There's definitely a characteristic in there that's more prone to mania. We're seeing in Korea with ETH as well.
hardtime
Sr. Member
****
Offline Offline

Activity: 490
Merit: 251


Make winning bets on sports with Sportsbet.io!


View Profile
June 23, 2017, 01:48:14 AM
 #11

I've always hold the fact that westerns are people that have experienced growth that is somewhat stable and enjoy this, they do like insane amounts of growth like anyone else but I do think they enjoy have a nice stable growth without any issue in the least. Asians, I've seen are people who want more and more growth and insane amounts of growth, to the point where they're gambling insane amounts of money to be doing this sort of stuff.

While I'm usually not one to generalize this sort of thing I'm still going to be a person that believes in that.
It's impossible to generalise and be fully accurate on these things... but I do think that many Asian cryptocurrency investors have been too hyped about this whole situation.

My justification for this is that the price in South Korea (and to a lesser extent, Japan) is at a significant premium to Western prices.  Because arbitrage is difficult, the markets are wild and the investors there begin to deviate from the Western trends.

This could imply that the prices are more speculative/a gamble, because the fundamentals of Bitcoin have not justified those prices throughout most of the recent rallies.

With the price increasing much higher on the scene of Asian countries, I'd think this is because of insane amounts of hype and gambling to be able to

   ▄▄██████▄▄
  ████████████
███▄▄
 ██████████████▀▀▀██▄
████████████████   ▀██▄
████████████████     ▀██
██████████████       ██▌
██████████████        ▐██
██▌▀▀██████▀▀         ▐██
▐██                   ██▌
 ██▄                 ▄██
  ▀██▄             ▄██▀
    ▀██▄▄▄     ▄▄▄██▀
      ▀▀█████████▀▀





███████████████████████████
███████████▀▀         ▀▀███
████████▀   ▄▄██▄  ▀█▄  ▀██
██████▀  ▄████████▄  ▀█  ██
████▀  ▄██████▄▀  ██▄    ██
███▀  ██████▄▀  ▄▀████▄  ██
██▀  █████▄▀  ▄▀██████  ▄██
██  ▀███▄▀  ▄▀███████  ▄███
██    ▀██▄▄▀███████▀  ▄████
██  █▄  ▀████████▀  ▄██████
██▄  ▀█▄  ▀██▀▀   ▄████████
███▄▄         ▄▄███████████
███████████████████████████
███████████████████████████
████████▀▀       ▀▀████████
█████▀   ▄ ▀███▀ ▄   ▀█████
████  ▄████▄ ▀ ▄████▄  ████
███  ▄ ▀███▀ ▄ ▀███▀ ▄  ███
██  ▄██ ▀▀ ▄███▄ ▀▀ ██▄  ██
██  █▀ ▄█ ███████ █▄ ▀█  ██
██   ▄███▄ █████ ▄███▄   ██
███  ████▀ ▄▄▄▄▄ ▀████  ███
████  ▀ ▄ ▀█████▀ ▄ ▀  ████
█████▄  ▀▀▄ ███ ▄▀▀  ▄█████
████████▄▄       ▄▄████████
███████████████████████████
████████     INDUSTRY LEADING BITCOIN SPORTSBOOK     ████████
LIVE
STREAMING
DAILY PRICE
BOOSTS
LIVE DEALER
CASINO
FAST & SECURE
PAYMENTS
███████████████████████████
████████▀▀       ▀▀████████
█████▀  ▄█▄  ▀  ▄▄   ▀█████
████  ▄  ▀    ▀█████▄  ████
███  ▀█▀   ▀█▄   ▀▀██▄  ███
██  ▄    █▄  ▀██▄▄  ▀█▄  ██
██  █▀ ▄  ▀█▄  ▀███▄  ▀  ██
██    ▄██  ▀██▄  ▀███▄   ██
███  ▀████  ▀███▄  ▀█▀  ███
████  ▀████  ▀████▄    ████
█████▄   ▀▀█▄  ▀▀▀   ▄█████
████████▄▄       ▄▄████████
███████████████████████████
███████████████████████████
████████▀▀ █████ ▀▀████████
█████▀    ▄█████▄    ▀█████
██████▄▄█▀▀ ▄▄▄ ▀▀█▄▄██████
███▀███▀ ▄███▀███▄ ▀███▀███
██   █ ▄██▀     ▀██▄ █   ██
██   █ ██         ██ █   ██
██   █ ▀██▄▄█ █▄▄██▀ █   ██
███▄███▄ ▀██▄▄▄██▀ ▄███▄███
██████▀▀█▄▄ ▀▀▀ ▄▄█▀▀██████
█████▄    ▀█████▀    ▄█████
████████▄▄ █████ ▄▄████████
███████████████████████████





[.
WIN WITH US!
]
desticy
Sr. Member
****
Offline Offline

Activity: 1512
Merit: 292


www.cd3d.app


View Profile
June 23, 2017, 03:57:56 AM
 #12

Asians always invest in projects that have been invested by people.

Western? I have no ideas.

jorneyflair
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500



View Profile
June 23, 2017, 07:04:48 AM
 #13

Forgive me the classification "Asian" and "Western," am living myself in Asia, great inspiring place, there's not the slightest negative connotation in the title.

Tried to do some research on the topic, difficult to find any worthwhile information:

Are Asian and Western crypto investors behaving differently?

With many markets in firm hands of Koreans, Japanese and Chinese, what does it mean for price development and the overall cryptocurrency market / industry?

Are Asians really the gamblers we often hear? Would that prevent solid price increases?

Are Westerners really the more traditional investors looking for sustainable values and growth potential?

How would the markets behave differently with more / less Asian / Western investors?

How things are now, you consider it to be a good and healthy development, or we're rather on a risky path?

first of all, I really do think even though i'm living in a western country that the Asian countries, especially China and Japan are light years ahead of countries such as the United States and Britain in terms of new fintech. Chinese government is attempting to build its own cryptocurrency, and central bank is actively trying to regulate the cryptocurrency market(although that's probably not a good thing anyways). Japanese gov has legalized bitcoin officially. And what has the US done other than not treating BTC as a currency but some sort of magical token? Absolutely nothing.

This alone will mean that Asian investors have more incentive to invest in bitcoin. Capital controls are tight in asian countries, which means that prices can be bumped up dramatically compared to the rest of the world's exchange rate for BTC. This means that there is a pile of excess capital lying around - why not invest it in BTC because you've already got enough apartments in China? I guess that's why a lot of these Asian people can take a lot more risks, because they are naturally people who have already got some wealth behind them through all the years of hard work and saving up.
gloomboomdoom (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile WWW
June 23, 2017, 08:47:47 AM
 #14

Appreciate the valuable inputs!

Tried to sum it up in an article here: Cryptocurrency Boom -- How Do More Asian Investors Influence the Market?

https://cryptoking.org/cryptocurrency-boom-how-do-more-asian-investors-influence-the-market/
iamTom123
Hero Member
*****
Offline Offline

Activity: 490
Merit: 501



View Profile
June 23, 2017, 08:56:26 AM
 #15

I think you are right on your statements. Most western investors prefer more solid investments, traditional ones. Asian investors are looking for any kind of investment that could give them chances to make profit, and now focused in technology.

I believe this happen because asian people want to make money fast as they are in need, while western people have already a more consolidated life, more confort and they aren't desesperate for money, at least most of them.

Possible to see this by looking the Crypto market, asians are the majority parcel of users in exchanges.

I am an Asian too and though I don't actually have that gambling type of a personality and am a very conservative when it comes to fiances, there is no question that generally we do have this kind of eagerness to grab any opportunity that can make us money fast. In fact, it is safe to say that many companies are now thinking of how to exploit the Asian markets because we love new opportunities and we love to take advantage of them. This is the reason why many USA-based MLM companies are rushing to the Asian market.

As shown recently by the amazing market response of Japan and Korea, it is safe to say that one day Asia can be the frontier for cryptocurrency. Asia has the money and willingness to be the leader for the fintech industry.

All of these things are naturally affecting the cryptocurrency market, of course. Will this be good or bad? Well, only time can tell but I prefer to say that it can be good in the long run.
Duzter
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 256


Leading Crypto Sports Betting & Casino Platform


View Profile
June 23, 2017, 09:45:56 AM
 #16

Rather than Asia, western investment is found high and this might be overcome by the Asian countries as more Countries are into focus of legalizing bitcoin within the country. Right now western investors are dominant in the market and they have the power to manipulate.

█▀▀▀▀▀











█▄▄▄▄▄
.
Stake.com
▀▀▀▀▀█











▄▄▄▄▄█
   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
█▀▀▀▀▀











█▄▄▄▄▄
.
PLAY NOW
▀▀▀▀▀█











▄▄▄▄▄█
gloomboomdoom (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile WWW
June 23, 2017, 09:48:01 AM
 #17

Rather than Asia, western investment is found high and this might be overcome by the Asian countries as more Countries are into focus of legalizing bitcoin within the country. Right now western investors are dominant in the market and they have the power to manipulate.

Investments yes, mainly money from the West, but trading these days? If you check CMC the Korean won leads many charts and yen and yuan in prominent positions...
sana54210
Legendary
*
Offline Offline

Activity: 3206
Merit: 1128


"CoinPoker.com"


View Profile
June 23, 2017, 04:33:06 PM
 #18

I think you are right on your statements. Most western investors prefer more solid investments, traditional ones. Asian investors are looking for any kind of investment that could give them chances to make profit, and now focused in technology.

I believe this happen because asian people want to make money fast as they are in need, while western people have already a more consolidated life, more confort and they aren't desesperate for money, at least most of them.

Possible to see this by looking the Crypto market, asians are the majority parcel of users in exchanges.
Yeah this is true the Asian investors take more risk than the western investors.

Actually this is something based on the environment, there are a number of things that the individuals absorb from the surroundings and this is one of the factor that the Asian investors has something built in. If we look into the crypto users we will come to know that the number of Asian investors is larger than the western.

Kemarit
Legendary
*
Offline Offline

Activity: 3094
Merit: 1354



View Profile
June 23, 2017, 05:00:20 PM
 #19

Rather than Asia, western investment is found high and this might be overcome by the Asian countries as more Countries are into focus of legalizing bitcoin within the country. Right now western investors are dominant in the market and they have the power to manipulate.

Investments yes, mainly money from the West, but trading these days? If you check CMC the Korean won leads many charts and yen and yuan in prominent positions...

I think with regards to trading, Asian is leading the way. The big 3 (Japan, China and South Korea) daily trading volumes is more than 50% of the total. And as far as the impact on the price, pre adoption of bitcoin by Japan, the price is at $1000-$1100, but post adoption pushed the price to a new heights even briefly touching $3000. So obviously, the impact of Asian country is huge for bitcoin. And Asian is really pouring cash to the bitcoin ecosystem as opposed to the more conservative and traditional approached by the West.

▄▄███████▄▄
▄██████████████▄
▄██████████████████▄
▄████▀▀▀▀███▀▀▀▀█████▄
▄█████████████▄█▀████▄
███████████▄███████████
██████████▄█▀███████████
██████████▀████████████
▀█████▄█▀█████████████▀
▀████▄▄▄▄███▄▄▄▄████▀
▀██████████████████▀
▀███████████████▀
▀▀███████▀▀
.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
mrcash02
Hero Member
*****
Offline Offline

Activity: 1190
Merit: 525

CryptoTalk.Org - Get Paid for every Post!


View Profile
June 24, 2017, 01:24:33 AM
 #20

I really don't know. See, I'm originally European and I live in Asia now. Europeans, at least those that I know, aren't gamblers at all, but the Asians that I know aren't either. I've never seen any reliable data sustaining that one or the other culture was more directed towards gambling. What I'm seeing is mostly people constantly repeating the same cliches, without ever providing sources for what they're saying.
Speaking of which:
It's not a secret the asian Exchanges are the most used and most traders are from asian countries at this moment.
Source? Anyone can trade on any exchange. I can go and trade on an American exchange if I want, even though I've never been to America. How do you know that people who trade on Asian exchanges are Asians?

There isn't official source about it as Crypto-Currency let people do their stuff "anonymously". It's a question of instinct, daily experience. When I search for Crypto-Currency videos I see there are more people from Asia posting this kind of subject. When I'm on the faucets, casinos, exchange chats, I see more asian people there talking. On social medias the same happens.

And if they are asiatic exchanges, biggest part of users are from that continent, otherwise it would be an european exchange or american exchange, but there are exceptions, as you living in Asia, or do you think most people living there are european like you?




 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!