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Author Topic: In Southeast Asian country, bitcoin player is exceed stock market player, right?  (Read 107 times)
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May 07, 2018, 01:45:34 AM
 #1

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
 What did you know about it?
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May 07, 2018, 01:57:08 AM
 #2

Yes, I read the article: "Indonesia's largest trader platform will soon have more members than the nation's stock exchange," said Oscar Darmawan, CEO of Bitcoin. At the end of this year, the exchange will have about 1.5 million transactions of bitcoin, ethereum and ripple, starting in 2014, but now attracted 1.14 million investors. "  Cool
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May 07, 2018, 05:34:16 AM
 #3

at some point in time this may have been true. for example during the last month of 2017 when price was shooting to the moon and a huge amount of money was coming in, this may have been correct because during these surges a lot of FOMO buying takes place and attracts a lot of investors. but generally speaking bitcoin is still very small and doesn't have that many investors which means the number of stock investors are a lot higher than bitcoin investors in any country.

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bigmaster23
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May 07, 2018, 06:22:41 AM
 #4


In Southeast Asia, people are trading very aggressively.

Abundant player over played their part in which case it let be their coffin to sleep in, having tactically over out-smart their competitor not being aware that they are the only one loosing tiny fraction of capital on their hands time by time will sufficiently convenient for their enemy, being persistent aggressive on this field of knowledge will put a glimpse to your vulnerability and will end you if it is well grabbed by their catch.

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May 07, 2018, 06:29:33 AM
 #5

That's very good, it's true in Indonesia it's just not commemorate bitcoin, and more are playing in the bitcoin market than the stock market, because bitcoin markets have advantages over the stock market, from time that never goes to holidays, invest in bitcoin.
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May 07, 2018, 07:14:13 AM
 #6

In Southeast Asia there is a lot of money on cryptocurrency, especially bitcoin from the stock market, and I think it's all because of the ever-rising bitcoin price, and no government ban.
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May 07, 2018, 07:24:03 AM
 #7

but generally speaking bitcoin is still very small and doesn't have that many investors which means the number of stock investors are a lot higher than bitcoin investors in any country.
Nevertheless, it is still a well known fact that some countries in South East Asia are bitcoin friendly, and soon bitcoin trading volumes would get bigger.
I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
 What did you know about it?
Do not be surprised, they won't prohibit it if they benefit from it. I strongly suspect that India also wants to use blockchain technology to their advantage, and is closely watching Venezuela's move. They might also want to study more about blockchain for them to benefit from it. For this reason IMO they do not ban bitcoin and crypto trading their countries.
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May 07, 2018, 08:08:12 AM
 #8

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
 What did you know about it?

Care to share the link?

As far as I know Indonesia is heavily clamping on crypto currency.

Quote
Jakarta. Bank Indonesia has reiterated its warning against speculation in cryptocurrencies for fear that a bubble could destabilize the country's financial sector.

"Ownership of virtual currency is highly risky and full of speculation, because there is no single responsible authority, official administrator, nor underlying asset backing the virtual currency, which puts it at risk of forming a bubble, and because it is prone to be used in money laundering and terrorism financing, all of which make it capable of affecting financial stability and harming society," Bank Indonesia spokesman Agusman said in a statement on Saturday (13/01).

The central bank said cryptocurrencies are not legal tender in Indonesia and cannot be used in transactions.

Bank Indonesia does not allow banks, financial services, electronic wallet providers, payment service providers and financial technology companies to process any cryptocurrency payments. While the bank stopped short in the statement from outright banning cryptocurrency trading in the country, it urged Indonesians not to own, acquire or trade in it.

http://jakartaglobe.id/bankingfinance/bank-indonesia-urges-indonesians-to-avoid-cryptocurrency-trading/

So its weird that according to you Central bank of Indonesia doesn't prohibit trading floor from listing shares, but the statement above totally contradicts it.

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May 07, 2018, 08:16:06 AM
 #9

Yes, I read the article: "Indonesia's largest trader platform will soon have more members than the nation's stock exchange," said Oscar Darmawan, CEO of Bitcoin. At the end of this year, the exchange will have about 1.5 million transactions of bitcoin, ethereum and ripple, starting in 2014, but now attracted 1.14 million investors. "  Cool

So their average investor is doing 1.3 transactions a year?  Grin

Here is the article:

https://www.newsbtc.com/2018/03/14/indonesias-largest-crypto-exchange-indodax-overtake-countrys-stock-exchange/

Quote
Indonesia Digital Asset Exchange, or INDODAX — the largest Indonesian cryptocurrency exchange — is set to bypass the nation’s century-old stock exchange in the number of users. According to Chief Executive Officer Oscar Darmawan, INDODAX, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies like Bitcoin, Ethereum, and Ripple by the end of the year.

Ok, let's check the volume of this INDODAX...
https://coinmarketcap.com/exchanges/indodax/
20 millions/day....and 1 million "investors".

If we would keep the proportions worldwide, 1 billion people would be trading coins  Grin Grin Grin Grin





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May 07, 2018, 10:54:18 AM
 #10

yes, imagine where i come from, people're hyped over bitcoin. but i guess it's all over asia, too, not only southeast
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May 08, 2018, 12:55:10 PM
 #11

I heard my friend say Indonesia Digital Asset Exchange is aiming to double daily trading volume from the current average of 100 billion rupiah (US $ 7.3 million) per day. Meanwhile, in 2017 the average daily exchange of Indonesian stock exchanges received $ 550 million worth of stock transactions. oh my god, It is amazing!
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May 08, 2018, 12:59:12 PM
 #12

I'm here in the Philippines and I don't think that Bitcoin investors might exceed the number of stock market investors because most of the citizens think that Bitcoin is a scam but I'm sure that the number is definitely growing. The Centrak Bank of the Philippines announced that a crypto related business can operate in our economic zone which is a good thing for this industry. I'm not sure with other Asian countries if the number of Bitcoin investors is rapidly growing.


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May 08, 2018, 01:10:26 PM
 #13

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.

In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
 What did you know about it?
during the last month of 2017 when price was shooting to the moon and a huge amount of money was coming in, this may have been correct because during these surges a lot of FOMO buying takes place and attracts a lot of investors.
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May 08, 2018, 01:14:45 PM
 #14

It's not a new thing and it's going to be true even in the other regions or countries later since Bitcoin is widely accepted as a form of payment in many countries and establishments around the world, stock market traders are shifting into Bitcoin.

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May 09, 2018, 10:46:19 PM
 #15

I don’t think you are right. Though bitcoin is developing tremendously but still it didn’t come to a position where the number of bitcoin investors can be compared to stock market investors. The stock market investors in south east Asian countries are way more than bitcoin investors undoutedly.
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May 09, 2018, 11:00:21 PM
 #16

In this Southeast Asian country, the number of players playing in bitcoin is going to exceed the number of participants in the stock market.
In Southeast Asia, people are trading very aggressively. I am surprised that the central bank of Indonesia does not prohibit trading floors from listing shares, suggesting that investors limit their ownership, sale or transaction of tokens. The Central Bank of Indonesia does not consider dollars to be legal.
 What did you know about it?
It is a speculation that the cryptocurrency market will be bigger than the stock market in the future, we are growing by leaps and bounds and the price of bitcoin has to reach new levels to see those changes and it will take a longer period of time for that, the stock exchanges actually has figures in trillions of dollars and we are in the billion club right now, but in the future it might change and we cannot predict things exactly.



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May 09, 2018, 11:51:54 PM
 #17

I don’t think you are right. Though bitcoin is developing tremendously but still it didn’t come to a position where the number of bitcoin investors can be compared to stock market investors. The stock market investors in south east Asian countries are way more than bitcoin investors undoutedly.

Yes too quick for Bitcoin to pass out the stock market.
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May 10, 2018, 02:07:29 AM
 #18

Yes, peopli in South-east Asia are investing more in Cryptocurrencies than the stock market. The Bitcoin provides more stability and advantages than that in stock market.
Ethan Argu
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May 10, 2018, 02:32:52 AM
 #19

I can say many participants in bitcoin are from southeast Asia. Me as a Filipino from the Philippines in my country I can say many of us here a currently active starting from the age of 15. Many of us here in my country are interested when it comes to earning money.
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May 10, 2018, 07:36:30 AM
 #20

I am not so sure about Central Bank of Indonesia. But it is true that most South Asians are aggressive in term of investing or any profit generating work. I think this is positive. But they should calculate more before finalizing the plan.
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