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Right need a plane ticket, off to South Korea to open a bank account -
I was having a look too, so once sold on there you would need to get the krw off into your bank which doesnt look easy or maybe not even possible.
You will still be quids up if you do manage to get to korea in time to get an account opened and sell and withdraw.
"#Bitcoin bull market is increasing momentum at a faster rate. Organic search traffic looking to buy bitcoins about 20x 18 months ago. Most new users buy $100-250, get comfortable then 2-3 months later buy $5,000+. $BTC price discovery could get wild."
Last edited by SunnyInHades; 7 December 2017, 14:55.
Does that matter? If I can buy $18k of KRW right now for $14k, we're laughing...
I'm trying it out... will report back!
Interesting to see if its possible. Money for nothing.
Even with slow transactions of bitcoin, transactions fees and the foreign fees for the wongs it should be easy money I guess. But dont you need korean bank account?
Seemingly - however you would need to hold you cash in KRW until the correction. My transferwise account offers a KRW account, so no need for flight. Can exchange between currencies in a couple of hours...
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
You can see the bear trap here clear enough, media attention as we go up and even the bull trap at the top. Capitulation seems to be next, where I'll be waiting.
you really can.. .it's just the same as the diagram you've put up a few times
Your friendly neighbourhood VirtualMonkey - Not giving financial advice since...well...ever.
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