It’s better to rob and steal than buying lite coin… at least your millions would still be with you. Just some jail time that’s all!!! 
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Yes, it has been 400 years since the tulip mania and people failed to evolve. Talk about the more you change the more you remain the same…
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Seems like the bubble will hurt Korea and Japan the most. They are playing with fire 20 years after the Asian financial meltdown.
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The transaction fee for bitcoin is insane.
https://bitinfocharts.com/comparison/bitcoin-median_transaction_fee.html#3m
That makes it useless as a currency alternative.
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Asian people are very irrational… especially the Japanese and the Koreans. They are especially vulnerable to bubbles. The Japanese learned nothing at all from their lost decades and the Koreans learned nothing except copying the Japanese…
These days Japanese are copying Koreans. This bubble has ways to go. I say 20k this week.
Fat chance… popping any day now…
In that case, Buy CBOE as they approved futures !
Behind the stunning rise of bitcoin lies a new force in global financial markets: millions of individual Asian investors.
Despite the attention focused on the launch of bitcoin futures in the U.S. this weekend, the center of gravity for trading the virtual currency, measured by volumes, has been in the Eastcstarting in China, before shifting earlier this year to Japan, and recently to South Korea as the latest hot spot.
And unlike past financial frenzies—such as the dot-com bubble of the late 1990s, when U.S. retail investors only piled in at the later stages of the rally—individual investors have been first to the party, fueling bitcoin’s 1,600% rise this year.
“Bitcoin is one of the few markets we’ve ever had in history where you’ve seen these astronomical gains around the world and the retail investors in Asia are the ones driving it,” said Chris Weston, chief market strategist at IG Group, one of the world’s largest online trading platforms. “It feels like this whole thing is being driven by the average Joe who isn’t nearly as financially literate as a professional fund manager.”
Various forces have stoked Asia’s bitcoin fever. While individual wealth has been growing in recent years, particularly in China and South Korea, lucrative investment opportunities can be hard to find, with property markets expensive and stock markets fully valued.
Anecdotal evidence suggests that Asians are more comfortable with the concept of virtual currencies such as bitcoin, particularly younger people who have grown up in a world of e-commerce and mobile payments.
China last year made up the bulk of trading volume before regulators clamped down. But by the end of November, Japan, South Korea and Vietnam accounted for nearly 80% of bitcoin trading activity globally, according to research firm CryptoCompare, while U.S. trading was about one-fifth of the volume. In the past few weeks, the U.S. share of the overall total has increased.
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LOL. Asian financial crisis 2.0. So long Asians… your days are numbered… (except China who are smart and clamped down early)…
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Chinese regulators overreached and deprived the Chinese people the opportunity to become crypto millionaires. It could also create a crisis for the country if Bitcoin becomes a reserve currency and China will be forced to buy Bitcoin at $1M a piece.
Of course, China can invent a Chinese Bitcoin and force its people to use c-Bitcoin instead of real Bitcoin. But other countries may well refuse to use c-Bitcoin.
Japanese and Koreans and Vietnameses people are industrious. There’s a high correlation between industriousness and greed. Their early mover advantage in cryptos can make these 2 countries much more wealthier than through regular trade.
China has mined 70% of the bitcoins. Where are those bitcoins? Are they in circulation now or just sitting idle under people’s mattress?
Are the Chinese people just earning the wages for mining and leaving the gigantic appreciation to other countries? What a silly policy!
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unbelievable… it’s obvious that it is garbage yet you treat it like treasure. @BAGB you need to rethink and reprioritize and you need to do it fast.
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Skepticm is healthy in the early stage of things. You don’t need to worry too much. Even if it’s indeed garbage, it may introduce splendid things in the future. At least Bitcoin has turned China’s ghost cities into digital factories.
Be an optimist, don’t worry
Thanks for comforting… it sure feels different this time… 
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Chinese was big time with bitcoin, all unaccounted money were being transferred through bitcoin trading. Having seen massive exchanges, China clamped bitcoin to avoid illegal/hawala transfers through bitcoin as they were unable to account/control !
When this happened bitcoin came down from $6500 to $3000 range. Those who transferred/used may think lucky now. China did not overreach, but protect their country currency. They just banned few months before. Until then, China was main source to bring bitcoin from $1000 to $6500 level.
Where are those ? Only owners know !!!
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Now, I own One GBTC! All people pray for me to become a first billionaire with 1 GBTC !
Now, I want bitcoin to exceed AAPL net worth crossing 1 Trillion mark !
Wait!!! But bitcoin hasn’t gotten down to $8k yet!!! You can’t even wait for that to happen??? Oh well… another succumbed to the dark force…
I got a few shares of GBTC on Friday since its premium was down. Today, GBTC is up 17% when bitcoin moved very little. Seems that premium is increasing again.
Now litecoin is making huge moves and Bitcoin is kind of slow moving. Maybe futures will slow down Bitcoin and at least make the volatility lower.
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