A girl told me ince , that in 2018 I must keep on eye on the asian market cause things will go nuts there in the good way. Also I have read that north koreea and Japan are buying more and more bitcoin and cryptos. Is this true ? Can be true ?
If you look in the past couple of years all the major volumes are from the Asian markets,earlier China dominated but now Korea and Japan are dominating the vast majority and with the news that came out recently that the Koreans are planning to ban exchanges all together it will be interesting to see how things end up,when the Chinese markets were closed Japan and Korea stepped up,it is an interesting year . 
Topic: All eyes on Japan in 2018 - page 3. (Read 1457 times)
Japan is a very progressive country in terms of economics and computer innovations. I think that bitcoin is waiting for a very promising future, as well as the rest of the market for crypto currency.
The Japanese is really the innovators of technology. The have embrace bitcoin so much that they are now the at the forefront of this technology. It's really a positive vibes when they enter the market last year and they are the one who are really pushing bitcoin's price and recognition globally.
So they are really the nation to look upon in terms in bitcoin and crypto's. They already set a precedence. As 2018 usher a new era, a lot of nation will decide its own direction as far as crypto's. And they can draw inspirations on how the Japanese government adopted bitcoin. There are countries that will put a hammer ban on bitcoin but I'm sorry that they will be left out when the crypto exploded again this year.
japan is another big giant country who supoort bitcoin and i can say japan will support trading always bcz trading improved their GDP LAST YEAR.
if japan support another crypto it will be big for that crypto.
if japan support another crypto it will be big for that crypto.
Japan is a very progressive country in terms of economics and computer innovations. I think that bitcoin is waiting for a very promising future, as well as the rest of the market for crypto currency.
Japan always see the future in the right way , I am sure other counties are watching closely how it will develop there too. If everythings works out like it was planned, they might repeat their experience.
That's some very exciting news, I was not so much aware of Japanese market and bitcoin future there.
Japanese Yen is regularly the number 1 currency for worldwide crypto volumes.
This is very good news hope it will happen
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This paper presents the situation of the cryptocurrency market at the end of 2017 and the challenges that the crypto community still faces. Thanks to its crypto friendly legal framework, Japan should be the country to watch in 2018. The currently high transaction fees of Bitcoin offers an opportunity for Japanese crypto assets to become the preferred payment method on the island and maybe in the world.
***************************************************************************************************************
Looking back, 2017 was a fantastic year for the crypto world. Investors enjoyed 20 fold returns on Bitcoin (BTC), 100 for Ether (ETH), 60 for Litecoin (LTC) and so on. It was hard to lose money in dollar terms.
This exceptional performance is the consequence of years of hard work from developers, exchanges, lobbyists, authors, etc. to make Bitcoin and the likes more known and accessible to the world.
The crypto market is becoming mainstream: institutional and retail investors are now together in this new asset class. The more, the merrier one could say.
Indeed, the influx of new joiners came at a benefit: the skyrocketing rise in value of crypto assets.
But it came at a cost too: Congested blockchains, rising transaction costs, crashing exchanges, etc.
While cryptocurrencies made a name for themselves this year, a lot must be done so that they leave their nascent state and become mature payment methods.
The time is now to scale.
On December 13, Vitalik Buterin, the Founder of Ethereum, challenged his followers on Twitter:
• “So total cryptocoin market cap just hit $0.5T today. But have we *earned* it?”
• “How many unbanked people have we banked?”
• “How much actual usage of micropayment channels is there actually in reality?”
Without a real use case in the daily life of people, 99% of cryptocurrencies and tokens will be remembered as a funny investment that turned out to be a mirage.
Bitcoin is here to stay.
It has the first mover advantage, the biggest network, fair incentives and its scarcity makes it the true digital gold. It’s the benchmark of all crypto assets. For these reasons, Bitcoin will survive and at least act as a store of value.
However, Bitcoin was also designed to be a medium of exchange but it is now too slow and too expensive to use. Being the first mover also has its flaws. Bitcoin blocks are 1 Megabyte big and occur every 10 minutes. That is not enough to cope with the thousands of new transactions happening every minute. Bitcoin miners include the transactions with the highest fees attached in the blocks.
This is how Bitcoin is no longer viable as a medium of exchange for small transactions.
It may be temporary though.
The introduction of the Lightning Networks (LN) solution to the Bitcoin network will make Bitcoin great again.
But when will that happen?
Will the community tear itself apart as it did when the Segregated Witness (Segwit) solution was launched this summer? Nobody knows. There may well be another 12 to 18 months of developments and hiccups along the way.
So what will happen in the meantime?
Now that millions of people have become aware of cryptocurrencies and that the Bitcoin blockchain is in limbo, there is an immense opportunity for an altcoin to become the preferred coin for transactions.
Let’s remember that the value of a coin mostly depends on the size of its network. The more people use it, the higher its value.
Also, the number of merchants accepting Bitcoin vs credit cards is still low worldwide. A successful altcoin could in no time take over Bitcoin as the preferred coin by merchants.
Therefore, this is no surprise that the Bitcoin cash (BCH) supporters are so vocal in the media. BCH offers lower transaction costs thanks to its 8 Megabytes block size. It could thus fill the gap.
Litecoin (LTC) is another contender. It’s a clone of Bitcoin with larger and more frequent blocks. It has Segwit too.
In the end, the users will decide which coin they endorse.
But the legal framework plays an important role here.
In most countries, the legal status of Bitcoin and cryptocurrencies is still unclear. Why would merchants accept cryptocurrencies that are uneasy to apprehend and that the government can ban overnight?
Japan gave cryptocurrencies legal tender status in April. This is a massive step for a rapid adoption by Japanese people and merchants.
Which coins are they likely to endorse for payments?
BCH? LTC? Probably not. These coins are known in Japan but probably lack the support of the local crypto communities.
And Japan has its own altcoins: NEM and MONA. They are very different in design.
NEM is similar to Ether as it enables the creation of NEM powered blockchains and smart contracts. There are 9 billion tokens that were premined. Transactions are validated by nodes, based on a Proof of Importance method.
MONA is a fork of LTC with more frequent blocks. It is popular with gamers and is even accepted by IT stores. Coins are mined by the traditional Proof of Work method.
Both coins enjoy strong local support and can be purchased directly against Fiat on the Japanese exchanges.
This is why Japanese altcoins shall be monitored closely in 2018.
Their adoption by local merchants shall be facilitated thanks to the clear legal framework for cryptocurrencies in Japan and the work of their communities.
Should they become widely adopted in Japan, the network effect could make them very popular in other parts of the world.
Calangaman
Published on Bitcointalk on 27 Dec 2017
Long but full of information! Thanks buddy. As what we are expecting in Japan, Japan will innovate more the usage of cryptocurrency. Japan altcoin has the potential to move forward. Nem and MONA are different in bitcoin or ethereum. They will solve the current problem about transaction fees and slow speed of transaction.This paper presents the situation of the cryptocurrency market at the end of 2017 and the challenges that the crypto community still faces. Thanks to its crypto friendly legal framework, Japan should be the country to watch in 2018. The currently high transaction fees of Bitcoin offers an opportunity for Japanese crypto assets to become the preferred payment method on the island and maybe in the world.
***************************************************************************************************************
Looking back, 2017 was a fantastic year for the crypto world. Investors enjoyed 20 fold returns on Bitcoin (BTC), 100 for Ether (ETH), 60 for Litecoin (LTC) and so on. It was hard to lose money in dollar terms.
This exceptional performance is the consequence of years of hard work from developers, exchanges, lobbyists, authors, etc. to make Bitcoin and the likes more known and accessible to the world.
The crypto market is becoming mainstream: institutional and retail investors are now together in this new asset class. The more, the merrier one could say.
Indeed, the influx of new joiners came at a benefit: the skyrocketing rise in value of crypto assets.
But it came at a cost too: Congested blockchains, rising transaction costs, crashing exchanges, etc.
While cryptocurrencies made a name for themselves this year, a lot must be done so that they leave their nascent state and become mature payment methods.
The time is now to scale.
On December 13, Vitalik Buterin, the Founder of Ethereum, challenged his followers on Twitter:
• “So total cryptocoin market cap just hit $0.5T today. But have we *earned* it?”
• “How many unbanked people have we banked?”
• “How much actual usage of micropayment channels is there actually in reality?”
Without a real use case in the daily life of people, 99% of cryptocurrencies and tokens will be remembered as a funny investment that turned out to be a mirage.
Bitcoin is here to stay.
It has the first mover advantage, the biggest network, fair incentives and its scarcity makes it the true digital gold. It’s the benchmark of all crypto assets. For these reasons, Bitcoin will survive and at least act as a store of value.
However, Bitcoin was also designed to be a medium of exchange but it is now too slow and too expensive to use. Being the first mover also has its flaws. Bitcoin blocks are 1 Megabyte big and occur every 10 minutes. That is not enough to cope with the thousands of new transactions happening every minute. Bitcoin miners include the transactions with the highest fees attached in the blocks.
This is how Bitcoin is no longer viable as a medium of exchange for small transactions.
It may be temporary though.
The introduction of the Lightning Networks (LN) solution to the Bitcoin network will make Bitcoin great again.
But when will that happen?
Will the community tear itself apart as it did when the Segregated Witness (Segwit) solution was launched this summer? Nobody knows. There may well be another 12 to 18 months of developments and hiccups along the way.
So what will happen in the meantime?
Now that millions of people have become aware of cryptocurrencies and that the Bitcoin blockchain is in limbo, there is an immense opportunity for an altcoin to become the preferred coin for transactions.
Let’s remember that the value of a coin mostly depends on the size of its network. The more people use it, the higher its value.
Also, the number of merchants accepting Bitcoin vs credit cards is still low worldwide. A successful altcoin could in no time take over Bitcoin as the preferred coin by merchants.
Therefore, this is no surprise that the Bitcoin cash (BCH) supporters are so vocal in the media. BCH offers lower transaction costs thanks to its 8 Megabytes block size. It could thus fill the gap.
Litecoin (LTC) is another contender. It’s a clone of Bitcoin with larger and more frequent blocks. It has Segwit too.
In the end, the users will decide which coin they endorse.
But the legal framework plays an important role here.
In most countries, the legal status of Bitcoin and cryptocurrencies is still unclear. Why would merchants accept cryptocurrencies that are uneasy to apprehend and that the government can ban overnight?
Japan gave cryptocurrencies legal tender status in April. This is a massive step for a rapid adoption by Japanese people and merchants.
Which coins are they likely to endorse for payments?
BCH? LTC? Probably not. These coins are known in Japan but probably lack the support of the local crypto communities.
And Japan has its own altcoins: NEM and MONA. They are very different in design.
NEM is similar to Ether as it enables the creation of NEM powered blockchains and smart contracts. There are 9 billion tokens that were premined. Transactions are validated by nodes, based on a Proof of Importance method.
MONA is a fork of LTC with more frequent blocks. It is popular with gamers and is even accepted by IT stores. Coins are mined by the traditional Proof of Work method.
Both coins enjoy strong local support and can be purchased directly against Fiat on the Japanese exchanges.
This is why Japanese altcoins shall be monitored closely in 2018.
Their adoption by local merchants shall be facilitated thanks to the clear legal framework for cryptocurrencies in Japan and the work of their communities.
Should they become widely adopted in Japan, the network effect could make them very popular in other parts of the world.
Calangaman
Published on Bitcointalk on 27 Dec 2017
I think 2018 will be the great age of cryptocurrency and because Japan will enter the cryptocurrency, many countries will now pull out to join crypto world. I hope this will be a great start to us and somehow, all crypto enthusiast will become successful.
2018 will be the opening year of cryptocurrency, Japan will lead to the innovation and more efficiently altcoin.
Going strictly with my gut, I think you are correct here. Factoring the ability of governments to squash it makes adoption tricky, however, it has survived this long and survived well. It may become a bad investment but I think it will carry on as a legitimate currency.
You can advocate Japan, or you can oppose, but there is one reality here is that Japan is the coutry which supports blockchain and bitcoin adoption in a mass scale at its best. We really thank Japanese government for this, anyway.
No doubt about this that japan given a very good support to bitcoin in its early stage and that is the reason that now we can see that people are more interested in bitcoin, we can hope that in future more countries will follow Japan and will make bitcoin as legal currency in their country to be use for buying selling things. Actually online currency is now the need of the new generation and we have to accept the fact about it.
That's some very exciting news, I was not so much aware of Japanese market and bitcoin future there.
You can advocate Japan, or you can oppose, but there is one reality here is that Japan is the coutry which supports blockchain and bitcoin adoption in a mass scale at its best. We really thank Japanese government for this, anyway.
No doubt about this that japan given a very good support to bitcoin in its early stage and that is the reason that now we can see that people are more interested in bitcoin, we can hope that in future more countries will follow Japan and will make bitcoin as legal currency in their country to be use for buying selling things. Actually online currency is now the need of the new generation and we have to accept the fact about it.
You can advocate Japan, or you can oppose, but there is one reality here is that Japan is the coutry which supports blockchain and bitcoin adoption in a mass scale at its best. We really thank Japanese government for this, anyway.
Interesting read. Im also invested in both coins because I think that they have a lot of potential and as Japan is very cryptofriendly I think they have an additional accelerator from this.
Ive also invested in Mona some time ago. But to be honest the performance of it wasnt really a pleasure to watch so far. It seemed more of a p&d than a organic growth. Now the coin is valued again at about the same level as I bought it. Well, I will just keep holding and watch where this is going.
Ive also invested in Mona some time ago. But to be honest the performance of it wasnt really a pleasure to watch so far. It seemed more of a p&d than a organic growth. Now the coin is valued again at about the same level as I bought it. Well, I will just keep holding and watch where this is going.
That was long but it is worth reading it.
I get excited with some parts of it and somehow made me smile too.
NEM could really be a big hit when it comes to Japanese support, actually it can be seen how much it grew in value.
It might be litecoin that will be offered to them because of its proof that it is tested and can handle a lot of transactions.
This will be a great 2018 not only for Japan but for the whole world.
I get excited with some parts of it and somehow made me smile too.
NEM could really be a big hit when it comes to Japanese support, actually it can be seen how much it grew in value.
It might be litecoin that will be offered to them because of its proof that it is tested and can handle a lot of transactions.
This will be a great 2018 not only for Japan but for the whole world.
I have read this in other places and the truth also I think that for the whole world 2018 will be a year of change, Japan is opening much more to the digital age. We accept it?
definitely Japan is doing a real promotion for cryptos!!!
https://news.bitcoin.com/japanese-virtual-currency-girls-spreading-cryptocurrency-knowledge/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications
https://news.bitcoin.com/japanese-virtual-currency-girls-spreading-cryptocurrency-knowledge/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications
thanks for sharing mate,i think bitcoin in Japan will be good prospects.
I am looking forward to the development of 2018.
I am looking forward to the development of 2018.
Yes bitcoin and all japanese cryptos in particular shall be monitored
have you looked at cardano?
Yes, ADA and XEM have similiarities. These are blockchain protocols. I find them harder to value than pure cryptos like MONA.
thanks for sharing mate,i think bitcoin in Japan will be good prospects.
I am looking forward to the development of 2018.
I am looking forward to the development of 2018.
The digital currency was originated from Japan. If there are new changes from them I think it should be respected. If not from them we are not enjoying the benefits of cryptocurrencies. Thanks for this valuable information.
have you looked at cardano?
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