can't understand why Korea is in speculation

[Potato Chips]

Although he's not korean but I once talked to someone who thinks it's already too late to get into bitcoin  -- back when I used to go to anon communities lol

Perhaps a lot of them could've thought that way as well? they think bitcoin has peaked so they move to what they think is the next big boom but end up getting burned. There is definitely misinformation coming into play. I wouldn't be surprised if loads of them just wanted to get into the hype train and pulled the trigger.

[Sarah Azhari]

If Korea focuses more on bitcoin investment, I think there will be a lot of new rich people in 10 years. What do you think? Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

Maybe Korean people know crypto 1st in the ICO era?, Altcoins do have more massive marketing than bitcoin, and some altcoin developers even have built their start-ups in Korea, which why altcoins is are more popular than bitcoin. I have a cousin in the same situation with them. My cousin just knew crypto when meme coin grew a couple of years ago. What he invested today is a meme and a similar coin. He doesn't buy Bitcoin because he doesn't know it. In this case, we can't blame them if they invest in it, because altcoin has a good strategy to dominate the market and influence beginners to invest in it.

[Assface16678]

Well, the thing here is just mind your own business and don't mind the others if they're investing into something else.

I know that it can be personal and you just want to help these people out with all of their decisions but nothing is going to change this time. And that's because you can't stop them from investing into altcoins.

If they don't like Bitcoin then let them do their thing alone as they invest their hard earned money on it. And what you can do now is to focus on investing in Bitcoin.

that is the good thing in this market. you can mind your own business and as the market sits, it is borderless. so no matter where you are on this earth, you are free to choose what you want to do when it comes to crypto.
also, the OP didn't mention if he is in south or north? you can't blame some people to have different approach when you say you are in the north. the first thing that we usually associate them is kim jong-un. 

Of course common sense he is in South Korea. Anyway,  you are right, even though he has a concern about his fellow Koreans investing more in altcoins, he can't stop them as they have the freedom to choose where to invest. Also, does the OP have proof that most investors in Korea spend in altcoins? I'm sure they also invest in bitcoin, as it is the most profitable coin of all. Yes, it's a bit too late, as the price of one bitcoin is too much, but you can still earn with Satoshi alone; it's still not too late. And if it's really true that most Koreans are investing in altcoins, maybe because they are scared and wary of the risk of investing in bitcoin. They think that it's too late to invest in bitcoin, which is not. There are a lot of opportunities in bitcoin. If they can't take the long-term investment in bitcoin through holding, then try trading. Bitcoin has a high volatility, so I'm sure that there are a lot of openings to earn.

[davis196]

I am 19 years old Korean. I am little sad because of people's mind here. I think Korea is an advanced country and I think Korea has a higher perception of cryptocurrency than other countries. However, I think Korea is investing(I think almost speculating) more in altcoins (Dogecoin, Ripple, EOS, Quantum, Solana, etc) than Bitcoin.  Their investment is around $50,000 (average Korean adult income per year). I don't understand why they spend all their investments on trashy altcoins with the money they can get from saving a year without spending a penny. $50,000 is money that adult men have to save for over 10 years in most countries except developed countries. If Korea focuses more on bitcoin investment, I think there will be a lot of new rich people in 10 years. What do you think? Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

1.What do you mean by "Korea is investing"? Do you mean that the Korean government is investing in crypto or you mean that the people and companies in Korea are investing in crypto?
2.Do you have any real evidence to backup your claims? Any link to the source of information? I don't know where did you get this 50K USD amount. Why would anyone invest money in a memecoin like dogecoin and a centralized shitcoin like ripple?
AFAIK, South Korea and Japan were the most crypto friendly countries in the world 5 years ago, but the governments imposed heavy regulations over the crypto exchanges, which kinda stopped the crypto industry in both countries.

[boyptc]

Well, the thing here is just mind your own business and don't mind the others if they're investing into something else.

I know that it can be personal and you just want to help these people out with all of their decisions but nothing is going to change this time. And that's because you can't stop them from investing into altcoins.

If they don't like Bitcoin then let them do their thing alone as they invest their hard earned money on it. And what you can do now is to focus on investing in Bitcoin.

that is the good thing in this market. you can mind your own business and as the market sits, it is borderless. so no matter where you are on this earth, you are free to choose what you want to do when it comes to crypto.

Yes, there's no need to intervene with other affairs as long as you're doing well then that's good. You don't have to get worried with the situation of the others unless they're your friends, relatives or you know them personally.

But other than that, there's really no obligation for you to get into other's business. Just do well and make the best out of your shape on this market and that's it.

also, the OP didn't mention if he is in south or north? you can't blame some people to have different approach when you say you are in the north. the first thing that we usually associate them is kim jong-un. 

Most likely South Korea.

[Renampun]

I am 19 years old Korean. I am little sad because of people's mind here. I think Korea is an advanced country and I think Korea has a higher perception of cryptocurrency than other countries. However, I think Korea is investing(I think almost speculating) more in altcoins (Dogecoin, Ripple, EOS, Quantum, Solana, etc) than Bitcoin.  Their investment is around $50,000 (average Korean adult income per year). I don't understand why they spend all their investments on trashy altcoins with the money they can get from saving a year without spending a penny. $50,000 is money that adult men have to save for over 10 years in most countries except developed countries. If Korea focuses more on bitcoin investment, I think there will be a lot of new rich people in 10 years. What do you think? Koreans don't buy bitcoin, thinking there's no difference between bitcoin and altcoins.

To be honest, when I was new to cryptocurrency at first I also thought this (there is no difference between bitcoin and altcoin), But as time goes by, the more my insight increases, the difference becomes clearer. This is why I think education about cryptocurrencies is very important, so that people can differentiate between Bitcoin and altcoins and which technologies are used. Bitcoin will continue to be of interest to many people in the future as their investment and this will push the price of Bitcoin to its highest level.

[Dr.Bitcoin_Strange]

I read that "Knowledge crowns with power and riches;" some of the most powerful people are very knowledgeable, and likewise, some rich people too possess a very great knowledge to build wealth.

If crypto enthusiasts in Korea are more into altcoin, that's because they probably believe that it's altcoin that is better than Bitcoin (there's just some misconception there).

Even in my country here, there is a kind of odd mentality in some people. Some crypto enthusiasts feel that Bitcoin is too expensive, and they cannot even buy one piece of it for a huge amount of money. Meanwhile, they can buy billions, if not trillions, of pieces of a particular coin with just some amount of money from their whole capital. With such an idea in their heads, they will rather split their total capital and invest it in different altcoins, and lastly, they will conclude by saying that "one of those coins will make them very rich."

Before making an investment, I think one thing to consider is the safety of your asset and the longevity of the project you are investing in. Also, consider the risk level of your investment.

At some point, some people started off with altcoin, and that is why they are so bent on altcoin rather than bitcoin, but to help such people is to illuminate them with the new idea, which is bitcoin.

[bluebit25]

First of all, the OP needs to clarify the subject matter - some Korean investors, don't make regional comparisons.

I can understand why some parts of the current generation prefer venture capital to working in traditional jobs. Korea has been in a state of economic development for a long time, so diversifying investments is important. It is easy to understand that in the crypto market, there are also many large investment funds participating in the market. As for personal investment behavior, the OP should evaluate it more broadly because no matter where they are, people can choose, and there are many decentralized things in the crypto market that also correspond to knowledge and understanding capabilities that investors can access.