Retail investors have reaffirmed their interest in JFin coin, saying digital currencies have garnered investment appetite around the globe and are expected to become a lucrative asset class in the future.
Chain, a 32-year-old independent investor who did not give his full name, said JFin coin interests him because he is familiar with Jaymart's business based on his six years of experience trading stocks and one year in digital currency trading.
Mr Chain said he made considerable profits last year from many digital currencies, including bitcoin, ethereum, bitcoin cash and bitcoin gold.
From his viewpoint, digital currencies and initial coin offerings (ICOs) are just another investment asset class alongside other investment assets such as equities and bonds.
"I have followed bitcoin [developments] in Thailand for about a year. These issues [digital currencies] are mainstream news in the global media, but not in Thailand," Mr Chain said, expressing disappointment at how the government does not seem to grasp the concept of digital investment assets.
He gave the example of the negative response from financial regulators, who said digital currencies were not legal tender when Jaymart announced its ICO issuance of JFin coins.
"I do not care, as I am not using this asset to repay debt," Mr Chain said. "I believe that if this system becomes more popular in the future, digital tokens will be used as demand grows, and we can develop a better system."
Thongchai Sangchaisukontakij, 32, said he does not have any experience in digital currency trading, but is interested in ICO deals as this is another asset class and he will allocate a few portions of his investment capital into an ICO to diversify investment risks.
Krit Nimtrakul, managing director at Weekend Tours Incentive Groups, said he is interested in Jaymart's ICO because his friend made a profit of 10 times invested capital in 2017 on the back of a successful ICO trade in South Korea.
"I have only stock trading experience and have never had any experience in digital currency trade, but I am interested in this ICO as good investors should not stop learning new things," Mr Krit said.
Mr Krit plans to invest an upper-six figure amount in this ICO offering.
Apart from Jaymart's ICO, Mr Krit said he will not invest in digital currencies in the near future.
A 45-year-old woman named Naruemon, who does not wish to publish her full name, said she has been trading ethereum and ripple, two well-known cryptocurrencies, for the past few months and has made profits from speculative trading.
"In my opinion, digital currencies are similar to forex trading," Ms Naruemon said. "Even though these digital currencies are not supported by any government, the digital currency market will still exist in the future, but we do not know which digital currencies will survive."
She said she has no concerns about the digital currency hacking that recently occurred in Japan, since she has not invested a significant amount of money in digital currency trading.
"My investment is only around five figures," Ms Naruemon said. "Whenever my profit rises, I will transfer it into my e-wallet, which reduces the risk [of hacking] to a certain degree."
