is it true that most of the new real money into crypto is coming from korea?

[nikhil0416]

ON coinmarketcap, it shows that most of the new money into crypt is coming from the korean currency KRW. So it looks like their involvement is currently fueling the crypto pricing but is this sustainable?

[traderethereum]

ON coinmarketcap, it shows that most of the new money into crypt is coming from the korean currency KRW. So it looks like their involvement is currently fueling the crypto pricing but is this sustainable?

i am not sure about this because as i see in the coinmarketcap, new coins that is not come only from korean but i see there is many of new coins is come from rusian. we see there is many ico release and the dev have many people from rusia and i think its good as we know rusia is one of the big country which support crypto currency. i think new coins that will release will reach much of investor and each of the project will be success if they can give benefits for the investor and the user.

[layoutph]

Hmm, I just checked coinmarketcap now, and theres no KRW. Can you give me the link? Anyway if this is true , the Korean coin KRW must be centralized and controlled by their government? Can we mixed a centralized with decentralized coin like BTC, ETH?

[nikhil0416]

Hmm, I just checked coinmarketcap now, and theres no KRW. Can you give me the link? Anyway if this is true , the Korean coin KRW must be centralized and controlled by their government? Can we mixed a centralized with decentralized coin like BTC, ETH?

What I am trying to say is that the new fiat money that is coming into crypto as a whole and not through exchanges between cryptos is mostly from korean fiat currency on korean exchanges followed by chinese yuan and US dollars. Just look at the markets tab of any top currency in coinmarketcap. You will see korean fiat as the one of top sources of new money. 

[nikhil0416]

Hmm, I just checked coinmarketcap now, and theres no KRW. Can you give me the link? Anyway if this is true , the Korean coin KRW must be centralized and controlled by their government? Can we mixed a centralized with decentralized coin like BTC, ETH?

What I am trying to say is that the new fiat money that is coming into crypto as a whole and not through exchanges between cryptos is mostly from korean fiat currency on korean exchanges followed by chinese yuan and US dollars. Just look at the markets tab of any top currency in coinmarketcap. You will see korean fiat as the one of top sources of new money. 

Nope. I don't believe it at all, the US is too massive and wealthy with many investors.

If you look at the Markets tab for any top coin except for bitcoin, you will see that KRW is the top source not USD. I have been noticing this for several weeks now.

[bilman]

I dun think so.. i go thru coinmarketcap, didnt manage to get the currency from KRW. can provide the link. i like to check it out as well.

[chixka000]

Nah this remains as an question because in fact chinese yuan Us dollar and euro was still on top. Tho it happens a few times that japanese yen hits to top of the market. YUAN remains on the top

[Sithara007]

During the past 2-3 months, there has been a spike in demand from both Japan and South Korea. The spike in Japan was caused by the legalization of Bitcoin there. But IMO, the sudden surge in South Korea was caused by the tensions with the DPRK. The southerners are worried that their currency may get devalued. So they are moving their wealth to some safe asset.

[pooya87]

ON coinmarketcap, it shows that most of the new money into crypt is coming from the korean currency KRW. So it looks like their involvement is currently fueling the crypto pricing but is this sustainable?

what websites such as coinmarketcap.com report is what they get directly from the exchanges. and these exchange can report anything they like. nobody is stopping them and nobody is watching them, so they report higher volumes. by doing that they simply stay on top of the tables that lists exchanges. => free advertisement.

it is also the fact that those Korean exchanges have 0 fees and that always increases the volume a lot.

here is a fun website to watch things live: http://fiatleak.com/

[coynedterm]

ON coinmarketcap, it shows that most of the new money into crypt is coming from the korean currency KRW. So it looks like their involvement is currently fueling the crypto pricing but is this sustainable?

I think this can be a chance by luck that this type of thing we seen here .
As we all knows that the country koria is how much strong by economical condition , here i am saying so because i think if the people of a particular country are more rich then they can easily invest Thier money in this field because  , so may be this thing can be a factor for the involvement of the investment by them more than by another country's people .
Here you can also see that the most of the new coin entering in the cryptocurrency market are made by the Philippines development tram, so here may be that the people in the Philippines are more talented in this field to make new coin , which is the condition same like the investment by the Korean in the coins .
So here we can say that every country have own unique quality that we can see in this field from various platforms record .

[subSTRATA]

Hmm, I just checked coinmarketcap now, and theres no KRW. Can you give me the link? Anyway if this is true , the Korean coin KRW must be centralized and controlled by their government? Can we mixed a centralized with decentralized coin like BTC, ETH?

won is the literally the currency (fiat) of south korea, like how the dollar is the currency of the us, and the pound for the UK. you could at least do a simple google search and not look like a total idiot.

During the past 2-3 months, there has been a spike in demand from both Japan and South Korea. The spike in Japan was caused by the legalization of Bitcoin there. But IMO, the sudden surge in South Korea was caused by the tensions with the DPRK. The southerners are worried that their currency may get devalued. So they are moving their wealth to some safe asset.

it's not just the north / south tensions that are causing this, sure it may have been a contributing factor, but even then no sane person would convert their entire liquidity into a single asset (bitcoin). the south korean government has been passing legislature that favors the growth and use of bitcoin in recent times, apparently there was another piece of legislation passed that made the seizure of bitcoin unlawful, just one off the top of my head. As for japan, they seem to wholeheartedly be on board with bitcoin, with that large company pouring millions into a mining farm with 7nm technology and the central government legalizing bitcoin some time ago. seems to me the future of bitcoin will start with the help of these two countries.