But that hasn't cooled a frenzy for bitcoin and other virtual currencies that is gripping young investors in South Korea. from someone monitoring his virtual currencies – as one student gave a presentation on how to read financial data and predict future trends. Younger investors have especially gravitated toward so-called "altcoins", or virtual currencies other than bitcoin, which often trade at much lower values, analysts say. Some young investors say they don't sleep until after 2 am, when there is a lull in the cryptocurrency markets as investors in places like South Korea and Japan log off. Others say students seem more focused on ways to get rich quick rather than on the underlying financial or technological values of digital currency.

Source: The Star December 29, 2017 06:00 UTC