I think Korea is no different than others because anyone who invests in bitcoins will look to cash at some point and will speculate.
Well there is a big difference unfortunately OP have failed to bring some data to back up his comment on why it is getting "dangerous" in South Korea now. Like what I have said on my first post South Korea as of right now has a bigger volume on their crypto exchanges rather than their own stock market which means that a lot of their citizens' savings and capital are in a riskier market. Just imagine a whole nation will have their whole economy fall sharply when majority of their traders got victimized by a correction or a bearish reversal maybe some of them won't recover as their entire life savings is inside the crypto market. This is why the OP is worried about the crypto craze happening in their country.
Ah so that's what happened. Kinda confuses me when i first read what op stated. Like, isn't that what happened in a lot other places as well? Why is it that dangerous? because korea is just joining the trend? i don't think so.
But well, it might be worrying if people really prefer crypto instead of their stock market, especially because cryptocurrency is really volatile and risky, if a very huge amount of money is stored in cryptocurrency, and in worst case, it collapsed, then of course a huge uproar might happened there, the economy will really at the worst.
They wouldnt really be just making out those kind of decisions if they arent able to picture out on what are the probabilities of things that could possibly happen if they do able to do so.
Switching up fully to crypto is really that risky compared on dealing with their stocks.They are just been hyped too much with the craze? Everything should really be in controlled
because not all things that do looks good would really be already good on others as well. Always take out those second thoughts and think up carefully
on the possible actions that could be made.