Bitcoin's Rough Start in Korea 2018: The Kimchi Premium Falls

in #bitcoin7 years ago


The so-called Kimchi Premium was a premium local to South Korea on Bitcoin. Recently, this huge premium has fallen back in line with global markets, exacerbating Bitcoin's overall decline for local crypto-investors.


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This music raises my hairs

Hopefully in a good way?

I guess I moved to Korea at the "right" time then. President Moon and his admin are screwing up Crypto for the rest of world.

Korean society is super nationalistic to the point they believe the rest of the world thinks like them. Any competitive threat to their people's job is outright banned. Korean society REFUSES to adapt to the changes in the world. The old heads that run the country refuse to adapt and the young kids have to suffer and do the same or else they'll fear public shame. It's sickening the rest of the world that invests in Bitcoin have to deal with their shit.

@klark Please refrain from this type of copy and paste commenting. The copy and paste style of commenting you are practicing is considered spam and diminishes the overall quality and authenticity of the Steem platforms. @steemflagrewards