ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

A Survey Reveals One Third Of South Korean Workers Have Invested In Cryptcurrencies

KryptoMoney Staff by KryptoMoney Staff
December 28, 2017
in News
0
latest cryptocurrency news | latest bitcoin news | cryptocurrency in south korea | bitcoin in south korea
0
SHARES
34
VIEWS
Share on FacebookShare on Twitter

One Third Of South Korean Workers Hold At Least One Crypto Form As Per Recent Survey

From the very beginning, South Korea had been one of those cryptocrazy nations which had been engaging in record trading volumes even with the price of cryptos being subject to extreme volatility. A survey conducted recently by an online job portal Saramin confirmed the fact that one of every three South Korean workers hold at least one crypto form in their virtual wallet.

31.3% of the 941 respondents who participated in the survey have investment in cryptocurrencies such as Bitcoin, Ethereum etc. The main motive behind the South Korean workers choosing cryptocurrencies as an investment medium is that they feel this is “the fastest way to earn high profits.”

This reason received the backing of 54.2% respondents whereas 47.8% wished to build up a commendable portfolio by relying on just a small capital base and the rest 30% were firm believers of the long-term benefits associated with crypto investment. In an average, the workers had invested approximately $5400 or 5.6 million won with the majority investment figure being below the 1 million mark. The results of such crypto holdings were not uniform. Thus, whereas 80% of the workers reported profit from their holdings, 6.4% reported loss figures. More than 100% return was reported by 19.4% of the workers.

Also Read: ;Cryptocurrency Exchanges In South Korea Announces Self- Regulation Measures

As the crypto market underwent a freefall in the last few days, a large number of investors lost significant amount of money. Ranging from stratospheric heights of $20000, the price of bitcoin fell to below $15000 figures creating much concern amongst crypto aficionados who were rooting for the digital token to reach record heights. Since the crypto market has not been regulated till now, volatility of such extent is only natural. Simon Grunfeld, the founder and executive director of Ibinex stated out in an interview held one month back that, “On a foreign exchange you’re talking about a 5 trillion-dollar daily turnover. Cryptos are nowhere near that at this point. So, in order to see the smooth trends, relatively speaking, from a daily perspective or a weekend perspective, you just need to have a lot more volume.”

Thus, it is understandable that, as people start investing small amounts in the crypto market at an increased scale, it will help the digital sphere in winning over volatility since the market won’t be receiving a blow from massive price fluctuations in such a scenario.

Also Read: South Korean Central Bank Chief Says, “Bitcoin Is A Commodity And Not A Currency”

 

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology , Cryptocurrencies and upcoming ICO’s.

Subscribe to our newsletters and join our Telegram Channel to stay updated.

Tarunima Ghosh Laha is a Finance Post Grad from St. Xaviers who believes Finance is more than just Balance Sheets and Ledger creation. This filmy bookworm who believes she was a sloth in past life also nourishes a penchant of owning a private zoo someday. Equipped with a laptop and online Lexicon she is all set to give finance a glamorous makeover in the form of exciting writeups with bang on info and flashy new words.

Tags: Bitcoin NewsCryptocurrency NewsethereumSaraminSouth Korea
Previous Post

Latest ICO : TRAK TOKEN, Democratising Investing

Next Post

South Korea May Crackdown Bitcoin Exchanges And Trading

Next Post
latest cryptocurrency news | latest bitcoin news | bitcoin in south korea | cryptocurrency in south korea | south korea bitcoin trading

South Korea May Crackdown Bitcoin Exchanges And Trading

Recent Stories

Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

January 16, 2021
Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

January 16, 2021
Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

January 15, 2021
Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Bitcoin

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 35,707.00 1.19%
  • ethereumEthereum (ETH) $ 1,222.19 4.35%
  • tetherTether (USDT) $ 1.00 0.31%
  • bitcoin-cashBitcoin Cash (BCH) $ 479.65 0.71%
  • binancecoinBinance Coin (BNB) $ 42.62 3.51%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree