This post is not about price, but about speculation that a lack of information on Korea's virtual currency has caused speculation. What do you think is necessary for the settlement of the Korean virtual money community?
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I don't have much ideas on how these things works. What are the factors that could affect the virtual money in your country. North/South?
South Korea.
North Korea just steals a bitcoin with hacking.
They are exposed to speculation due to sudden price increases and media exposure.
Steal bitcoins to build nuclear arsenal? :)
Probably. The bullies.
Speculation has led to the rise in price though?
yes Lack of information and speculative factors led to price increases.
Many in the west would say the current price is too high in this current cycle, and some think that it's being driven up by the likes of India, Korea, and Japan whose exchanges are showing prices way in advance of those in the west.
It sounds very interesting to me that the price of the West is adjusted to the price of the Orient. However, it is a problem that people who have no idea about virtual currency are participating in speculation because of media exposure in Korea. I am a Korean person, but I think maybe Japan has a similar atmosphere. 'I do it because you do it.'