[Coin World] It's quite surreal over in South Korea right now, with millions of young retail investors pouring money into the crypto market due to pressure from housing prices and economic anxiety. Over the past five years, their Margin loan scale has directly doubled. Even more exaggerated is that among the coins these people are trading, alts account for over 80%. In other words, most people are betting on whether going all in can yield a down payment. Behind this wave of investment enthusiasm lies the desperation of ordinary people after completely losing faith in traditional paths.
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GweiWatcher
· 17h ago
Alts at 80%? Isn't this just a gambler's mentality, All in on the down payment, and if it goes wrong, you might lose even the principal.
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LuckyBearDrawer
· 17h ago
Alts account for 80%... isn't this just a gambler's mentality? All in for the down payment, it's better to just listen and move on.
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NoodlesOrTokens
· 17h ago
This is despair, unable to afford a house so going all in on alts, that's a bit of a gamble.
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OnlyUpOnly
· 17h ago
South Korea's recent actions seem quite desperate; it seems that alts are truly a gamble for life.
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GasGuzzler
· 18h ago
South Korea's recent actions are really playing with fire, 80% alts... To put it bluntly, it's a gambler's mentality.
Millions of retail investors flock to the crypto market in South Korea: Margin doubled, alts account for over 80%.
[Coin World] It's quite surreal over in South Korea right now, with millions of young retail investors pouring money into the crypto market due to pressure from housing prices and economic anxiety. Over the past five years, their Margin loan scale has directly doubled. Even more exaggerated is that among the coins these people are trading, alts account for over 80%. In other words, most people are betting on whether going all in can yield a down payment. Behind this wave of investment enthusiasm lies the desperation of ordinary people after completely losing faith in traditional paths.