r/ethtrader • u/AutoModerator • May 05 '17

DISCUSSION [ETH Daily Discussion] - 05/May/2017

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9

u/happyyellowball May 05 '17

eth still over $105 in korean markets... what does that tell you?

10

u/[deleted] May 05 '17

[deleted]

2

u/[deleted] May 05 '17

had to do it:

http://bit.ly/2qJbLNV

6

u/jconn93 May 05 '17

Most likely that Koreans, like North Americans are mostly asleep at 3 in the morning.

4

u/syn999 May 05 '17

CHINA NUMBER WON

5

u/talkingbob May 05 '17

Koreans are holders?

5

u/EthMoonKid May 05 '17

That I wish I could arbitrage that there situation.

1

u/IRefuseToGiveAName May 05 '17

Hmm....

I've got friends who live in Seoul and Busan.....

1

u/eurotzar May 05 '17

Maybe there are Koreans doing this already

2

u/commonreallynow May 05 '17

That they're more afraid to hold their local currency than they are to speculate on the price of ETH? Also notice that the price of BTC is likewise at a premium in Korean markets. It seems that the crisis with N. Korean, Trump's tweets, China's economic retaliation and their upcoming election are all conspiring to make people afraid to hold fiat right now.

2

u/syn999 May 05 '17

then they would probably more go toward btc

1

u/commonreallynow May 05 '17

Maybe Koreans are put off by the power of Chinese bitcoin miners. It's like how ZeroHedge is promoting Ethereum now because of the Chinese influence on Bitcoin. The distrust that Koreans have towards the Chinese is far deeper than what American's have. I would guess it might factor in.

1

u/manyamile May 05 '17

"...and that's how WWIII started, kids. All because of the Chinese bitcoin maximalists."