You got things little wrong here. Bitcoin price does matter. As the price grows you see more people investing in bitcoins, making its volume increase further and when price begins to decline people move their Btc back to fiat or altcoins etc. In my Opinion value does matter a lot.
There is a bit of a confusion i guess,people are not investing because the price of bitcoin is growing,people are investing because they see a potential in bitcoin and so they attracts big investors and when they invest big the price of bitcoin increases.The price of bitcoin does matters but what we see with the recent rally is because we could attract more investors from Japan after they legalized bitcoin.
Topic: Bitcoin Japanese exchanges increasing (Read 3485 times)
You got things little wrong here. Bitcoin price does matter. As the price grows you see more people investing in bitcoins, making its volume increase further and when price begins to decline people move their Btc back to fiat or altcoins etc. In my Opinion value does matter a lot.
There is a bit of a confusion i guess,people are not investing because the price of bitcoin is growing,people are investing because they see a potential in bitcoin and so they attracts big investors and when they invest big the price of bitcoin increases.The price of bitcoin does matters but what we see with the recent rally is because we could attract more investors from Japan after they legalized bitcoin. I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countryAnother interesting possibility is that Japan could grab the technological lead in Bitcoin, or at least parts of the overall technology.
There are numerous examples of how Japan leads the world in some technologies, one important one that I have seen "in action" is robotics. The USA is almost completely absent from leadership in robotics, the leading robot makers are Japanese and Swedish (some German & Swiss). China is rumored to investing heavily in robotics too.
My point is that Japan could very well capture the heart of many important parts of BTC technology should they wish.
I also think that this will happen and I also think they will find new ways to integrate bitcoin and blockchain to other technological advances.
This is just the beginning. The other countries are going to take notice of what the Japanese government did. I am sure that China and Russia are carefully studying the implications. And trust me, if China recognizes BTC, it is going to be huge
It would be interesting to know what are the real reasons for the Japanese government to be so loyal toward Bitcoin. Regarding other countries, Russia is highly unlikely to follow Japan's lead, at least, not to the degree of accepting Bitcoin as a rival currency. Further, I warn people not to be too enthusiastic about governments finally "noticing" Bitcoin. It is not given that the "acceptance" that these governments may be looking and going for will make many Bitcoin users happy
It is not even clear as of yet what the Japanese government is actually up to
Yes, we can't know what the Japanese government is up to, but regardless, they are already doing a good thing for bitcoin. I think the rise we are witnessing nowadays is in a good measure due to the fact that the Japanese government has recently started treating bitcoin legally as a form of payment
We can't say that for certain
It may be a Trojan horse decision (don't know how to call such actions properly). I don't necessarily mean evil or otherwise rogue intentions but I'm still curious what has been driving them to do that. After all, accepting Bitcoin as legal tender (provided it is really so) means tougher competition for the Japanese Yen. On the other hand, the government of Japan was fighting with deflation for literally decades, so they may be wanting exactly that, i.e. inflation for the Yen?
They say some inflation is healthy for the economy, they say that deflation is what should be avoided at all costs because it encourages people to not spend their money, so I think you have a point here. But if they think Bitcoin will help to save their economy and that's why they encourage using it, I think that's a good thing.
That would make sense if Bitcoin price surged to a million dollars per coin
Since Bitcoin is likely to be even more deflationary than any other currency out there. What fiat currency do you know that has grown in value a few times within a year? There is no such currency since the growth of that scale would be devastating to any economy. In this manner, the whole effort may be aimed at substituting the Japanese Yen with Bitcoin in the savings of people so that greater amounts of local currency entered circulation (which would be good for inflation)
But why? In my opinion it doesn't matter how much 1 bitcoin costs. What does matter is that people take their money out of a closet and start buying it. That's what's good for the economy.
I'm a biology student, not an economist, so please explain if I get something wrong.
Inflation is really a mechanism for the growth of exports. The higher the inflation, the cheaper the cost of production in the country. This of course happens at the expense of people, but it is a fact. Remember what was established by the Chinese economic miracle? The governments of many countries have used the mechanism of inflation to fight with the competitors on the world market.
Hahaha you must be gossiping how come the production cost could be cheaper? When the raw material and the workforce needed are at a high rate how can one claim that the production cost will be cheap? As many of us are well aware of the market no one will believe what you have said. Or if you have any document evidence I will appreciate itYou seem to have misunderstood something here
Obviously, the poster you replied to refers to costs when compared to the costs which production of the same goods incurs in other countries (more specifically, in the countries where these goods are exported). If you take this aspect into account, then the claim is totally legit. Devaluation of local currency makes locally produced goods cheaper in terms of currency for which these goods are sold since the costs such as wages are still born and paid in local currency, i.e. they remain the same. But if they remain the same, then depreciating local currency necessarily makes the exported gods cheaper in the currency of the importing country (provided all other things are equal and remain the same, of course)
Japan is a rich country so multimillion investment is a not really a tough problem. And i dont see any tax problems if even they would adopt it because its the country that integrated it. And probably btc would again be famous and still another big problem on those transaction delays and i think there are other blockchains that is being created now if i recall?
Inflation is really a mechanism for the growth of exports. The higher the inflation, the cheaper the cost of production in the country. This of course happens at the expense of people, but it is a fact. Remember what was established by the Chinese economic miracle? The governments of many countries have used the mechanism of inflation to fight with the competitors on the world market.
Hahaha you must be gossiping how come the production cost could be cheaper? When the raw material and the workforce needed are at a high rate how can one claim that the production cost will be cheap? As many of us are well aware of the market no one will believe what you have said. Or if you have any document evidence I will appreciate itYou seem to have misunderstood something here
Obviously, the poster you replied to refers to costs when compared to the costs which production of the same goods incurs in other countries (more specifically, in the countries where these goods are exported to). If you take this aspect into account, then the claim is totally legit. Devaluation of local currency makes locally produced goods cheaper in terms of currency for which these goods are sold since the costs such as wages are still borne and paid in local currency, i.e. they remain the same. But if they remain the same, then depreciating local currency necessarily makes the exported goods cheaper in the currency of the importing country (provided all other things are equal and remain the same, of course)
Inflation is really a mechanism for the growth of exports. The higher the inflation, the cheaper the cost of production in the country. This of course happens at the expense of people, but it is a fact. Remember what was established by the Chinese economic miracle? The governments of many countries have used the mechanism of inflation to fight with the competitors on the world market.
Hahaha you must be gossiping how come the production cost could be cheaper? When the raw material and the workforce needed are at a high rate how can one claim that the production cost will be cheap? As many of us are well aware of the market no one will believe what you have said. Or if you have any document evidence I will appreciate it. 
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
Yeah and they just simply adopted bitcoin with their technology. News made it happen on their part. People out there are now seeing the benefits of it so why not take the chances.
Time for modern technology ciuntries to take that big leap. If this continues our countries will be late and that means a more expensive coin where every satoshi will matter.
As japan is a very advance country related to the technology stuff and the government there understands that what will be the role of the digital currency in the future so they adopted.
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countryAnother interesting possibility is that Japan could grab the technological lead in Bitcoin, or at least parts of the overall technology.
There are numerous examples of how Japan leads the world in some technologies, one important one that I have seen "in action" is robotics. The USA is almost completely absent from leadership in robotics, the leading robot makers are Japanese and Swedish (some German & Swiss). China is rumored to investing heavily in robotics too.
My point is that Japan could very well capture the heart of many important parts of BTC technology should they wish.
Early adopting countries of bitcoin will definitely have a head start in technology. Japan recently approving of bitcoin could set off an economic arms race for crytocurrency technologies and quickly force other competing economies to adopt bitcoin in fear of falling behind.
Exactly, Other nation will be left out on this technological revolution lead by Japan in they choose not to accept bitcoin. With regards to the exchanges in Japan increasing, it only make sense because they have accepted bitcoin as legal tender. So we will see big, medium and small scale exchanges popping around up to the end of the year in Japan
But did the Japanese government actually legalize Bitcoin as legal tender?
I hope you understand what legal tender means. So did the Japanese government in fact declare they they are going to accept Bitcoin as a means of payment for taxes and public debts as well as other such duties, fees and penalties? Somehow I thought they just agreed to legalize Bitcoin in the same way as other fiat currencies are legal in Japan. If I'm wrong about that, how are you technically going to pay taxes with Bitcoin there? Do they provide the addresses of government wallets to which you can send coins as payment for taxes? And what about exchange rates given Bitcoin insane volatility, as well as the authenticity of tax payers?
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countryAnother interesting possibility is that Japan could grab the technological lead in Bitcoin, or at least parts of the overall technology.
There are numerous examples of how Japan leads the world in some technologies, one important one that I have seen "in action" is robotics. The USA is almost completely absent from leadership in robotics, the leading robot makers are Japanese and Swedish (some German & Swiss). China is rumored to investing heavily in robotics too.
My point is that Japan could very well capture the heart of many important parts of BTC technology should they wish.
Early adopting countries of bitcoin will definitely have a head start in technology. Japan recently approving of bitcoin could set off an economic arms race for crytocurrency technologies and quickly force other competing economies to adopt bitcoin in fear of falling behind.
Exactly, Other nation will be left out on this technological revolution lead by Japan in they choose not to accept bitcoin. With regards to the exchanges in Japan increasing, it only make sense because they have accepted bitcoin as legal tender. So we will see big, medium and small scale exchanges popping around up to the end of the year in Japan.
The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.
In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.
How many Japanese Bitcoin exchanges do you think will launch this year?
In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.
How many Japanese Bitcoin exchanges do you think will launch this year?
This could be contributing to the recent rise in bitcoin price. There are probably several factors, but it has to play a role.
That is correct. Due to the high demand of bitcoin in Japan, bitcoin's price soared up very high and the evidence would be the 10 new companies that applied to become a Bitcoin exchanger. The recognition of Japan to Bitcoin and accepts it as a mode of payment triggered many people to engage in bitcoin, thus, making the demand go high rapidly.
The Japanese Bitcoin exchange market and industry have matured significantly over the past few months, to the point in which the country’s largest financial institutions and corporations have started to launch digital currency exchanges and trading platforms.
In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.
How many Japanese Bitcoin exchanges do you think will launch this year?
In my country itself is having about 5 exchage , where bitcoin is not legalised by the government ( and also not declared as illegal , government says clearly that use it at own risk , we will not established for any type of money loss in bitcoin and other cryptocurrency ) .But here in the JAPAN , the government of the Japan declared bitcoin as the legal way of payment and legal way of the earnings , but put SE rules to use bitcoin and also put some tax system .In fact, one month after Japan started recognizing Bitcoin as a method of payment, more than ten new companies in the country are reportedly applying to become Bitcoin exchanges. Meanwhile, institutional investors are increasingly gaining interest in the digital currency.
How many Japanese Bitcoin exchanges do you think will launch this year?
So probably it may be possible that 100s of small and big exchanges enter in the bitcoin business , in this year .
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countryAnother interesting possibility is that Japan could grab the technological lead in Bitcoin, or at least parts of the overall technology.
There are numerous examples of how Japan leads the world in some technologies, one important one that I have seen "in action" is robotics. The USA is almost completely absent from leadership in robotics, the leading robot makers are Japanese and Swedish (some German & Swiss). China is rumored to investing heavily in robotics too.
My point is that Japan could very well capture the heart of many important parts of BTC technology should they wish.
Early adopting countries of bitcoin will definitely have a head start in technology. Japan recently approving of bitcoin could set off an economic arms race for crytocurrency technologies and quickly force other competing economies to adopt bitcoin in fear of falling behind.
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countryAnother interesting possibility is that Japan could grab the technological lead in Bitcoin, or at least parts of the overall technology.
There are numerous examples of how Japan leads the world in some technologies, one important one that I have seen "in action" is robotics. The USA is almost completely absent from leadership in robotics, the leading robot makers are Japanese and Swedish (some German & Swiss). China is rumored to investing heavily in robotics too.
My point is that Japan could very well capture the heart of many important parts of BTC technology should they wish.
What's the purpose of money appreciation if you are unemployed?
Indeed, it will never come to that (I mean Bitcoin taking over fiat), but if we imagined that, then constant appreciation would make production a losing deal because producers would be better off overall if they fired their stuff and kept their bitcoins rather than invested them into their production. In other words, they would get more profits via mere Bitcoin appreciation, and without doing anything at that. Right now idly sitting on money is a losing game since inflation is constantly eating away its value
Indeed, it will never come to that (I mean Bitcoin taking over fiat), but if we imagined that, then constant appreciation would make production a losing deal because producers would be better off overall if they fired their stuff and kept their bitcoins rather than invested them into their production. In other words, they would get more profits via mere Bitcoin appreciation, and without doing anything at that. Right now idly sitting on money is a losing game since inflation is constantly eating away its value
Thanks for taking time to elaborate and clarify. Now, first time in my life, I understand it. Inflation stimulates production and, hence, employment. The situation when money is constantly rising in value encourages people to do nothing and that's definitely a bad thing for the economy.
Yeah, I should have explained it that way right at the start
Producers are in fact interested in a small, predictable inflation since they pay wages with already depreciated monies. Basically, that's called an inflation tax, people who get paid last (such as hired workers, pensioners, welfare recipients and their likes) suffer most from inflation. For the rest of the pack, it is a winning game. Those who get newly printed money first have an advantage since they can buy everything at old, low prices
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countrycan you provide more information about the things you say please.
for example how do you know there have been 1 billion bitcoin transactions in Japan, are you talking about trading volume or transaction count? there two are very different.
also i know of bitFlyer, BTCBox and i think Zaif was also in Japan, where did you bring the 13 exchanges from and would you please list them?
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my countryIf you notice the rapid increase on the price of bitcoin then you can attribute it to Japans adoption of bitcoin. The increasing demand and support of the Japanese people have been the cause of the shift of bitcoins price from 1200$ to 1500$ per coin. It is indeed a small step for Japan and a big leap for bitcoin industry. With the rapid increase in value it is not only Japan that have a huge demand on bitcoin but other countries also since they do not want to be left behind and they wanted also to hold bitcoin and get huge profit later.
It is great see how a country support bitcoin, after the government legalized bitcoin there are so many shop and people start to used bitcoin, and so many exchanger has opened, this will create a positive things for japan's economics, I think we will see more great things about bitcoin from Japan and I predicted there will be a lot of exchanger opened in Japan, it will be more than 30
I read today online that Japanese bitcoin capitalization is more than that of usa! This makes Japan to be the next hub of bitcoin investment.
yes apparently bitcoin users in Japan has increase because over than $1 billion bitcoin transactions in Japan from last month it is prove that Japanese people has very concern to bitcoin and currently there are 13 exchanges available in Japan and i have to says that Growth of bitcoin in that country More rapidly rather than in my country
Inflation is really a mechanism for the growth of exports. The higher the inflation, the cheaper the cost of production in the country. This of course happens at the expense of people, but it is a fact. Remember what was established by the Chinese economic miracle? The governments of many countries have used the mechanism of inflation to fight with the competitors on the world market.
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