Korea is waking u- OH SHIT

WHY IS THIS BEING IGNORED

What the fuck do they mean by "derivatives developed by foreign exchanges"? Is that all alts? or just BTC forks like BTG?

Why is that a bad thing? Better if the koreans just buy the real thing

BUMPED

because this is actually a good thing

probably just bitmex swap contracts

theyre not talking about alts at all

they mean bitcoin derivatives from foreign markets
as in, a futures contract to buy X bitcoin at a specified price on a specified date

...explain?

you know, the big thing that has been in the news lately in the US

bitcoin futures market

dont they mean shit like BNB from binance?

so the gooks are helping us?

So derivatives just mean futures? Isn't this old news? I read about Korea banning BTC futures yesterday.

i guess for now it just means that korean money will have to stick to buying the real thing if they want exposure to bitcoin markets
like he said

not just futures but for the most part yeah

investopedia.com/terms/d/derivative.asp

show me the article you saw from yesterday
because the one I posted was literally from 1 hour ago

This is a good thing. Less incentive for fiat whales to heavy handedly manipulate the price of cryptos in order to earn fat stacks via shorting and longing.

All types of derivative markets should be banned imo. It's economically disruptive gambling where you can actually cheat if you're loaded.

Before anyone panics, remember we started today at 13k

nvm found them
well I guess it was indeed day old news then!

here I thought that coindesk article was highly related to the huge red candles that appeared at the same time

>tfw no korean hardcore punk gf

i fuckin hate meme pop

THIS MEANS THEY BANNED IT FROM THE STOCK EXCHANGE YOU STUPID FUCKS

because it's old news. sage

thx anons, i got more asian girl jpgs than bitcoins.

probably not.
theyre just not doing in on their own turf