Bitcoin Japanese exchanges increasing - page 4.

KuromaYoichi

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Quote from: Hydrogen on May 03, 2017, 07:41:52 PM

Japan getting into the mix could balance out china's influence.

If japan goes into the mining business, it could also help to offset miner centralization which led to bitcoin unlimited having so much unfortunate support.

Russia entering the game could also have more positive effects in terms of increasing miner decentralization and nullifying china's influence on crypto.

I don't think japan will offset the miner centralization of china simply because the electricity rate there is very high compared to china. It's another thing if they use other kind of power beside electricity. On the other side,it's good to see bitcoin grow very well in Japan.
Answering the op, i think about 2 more exchange will launch in japan this year.

gribble

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That is good, bitcoin japanese exchanges increasing, it is good for growing of bitcoin on there
in my opinions will many exchangers bitcoin,
because bitcoin started be adopted by Japan and it will takes many users of bitcoin on Japan
slow but sure bitcoin exchangers will be increasing on other countries.

Magkirap

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Quote from: Hydrogen on May 03, 2017, 07:41:52 PM

Japan getting into the mix could balance out china's influence.

If japan goes into the mining business, it could also help to offset miner centralization which led to bitcoin unlimited having so much unfortunate support.

Russia entering the game could also have more positive effects in terms of increasing miner decentralization and nullifying china's influence on crypto.

I do agree. China's influence will going to be weak as Japan and Russia tend to increase the volume in their country. This is such a good news for every bitcoin holders that hoping bitcoin to be used as major currency.

MingLee

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Quote from: the rise on May 03, 2017, 02:32:04 PM

Quote from: Mometaskers on May 03, 2017, 12:25:07 PM

This is great news. 10 exchanges? Wow. My country I think only have 2. What's good with this is that since they've already started treating bitcoins as legal payment, this could encourage more people to get into bitcoins. Sure some might first start with trading but considering how tech-savvy the Japanese population is, I wouldn't be surprised if they find other uses for it. Just as they've led the world in use of robotics, I hope they'll do the same with bitcoins.

Japan is moving very fast and stable because its very good work ethic and has become a culture for a long time, it doesn't take long to apply bitcoin in this country let alone about exchanger addition. I think Japan only takes the momentum of China exchanger policy, and enforces it with more positive interventions, so the volume increase is not hampered by the convoluted rules.

Well I wouldn't call the Japanese a culture with good work ethic per say, they have the willpower to force themselves to work but by the sounds of the people I have met from Japan a lot of it is just getting to work and working so that you don't lose your job, since it's hard to recover otherwise.
Having more volume and influence from Japan would be a good thing, I hope the market continues to grow there.

Hydrogen

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Japan getting into the mix could balance out china's influence.

If japan goes into the mining business, it could also help to offset miner centralization which led to bitcoin unlimited having so much unfortunate support.

Russia entering the game could also have more positive effects in terms of increasing miner decentralization and nullifying china's influence on crypto.

maku

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Well, does it matter how many exchanges are in Japan? As long as there are reputable and secure exchanges available I would be glad.
I know that Japanese version of BitLicense is kinda harsh, so at this point it is safe to assume that every new/existing Japanese exchange will be similar to Gemini.

Interesting fact: Recently more than 50% of trading has taken place in Japanese yen, and only 28% in USD.

boyptc

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Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

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.

This is a very good news to all of us and we did see on how did Japan accepted and embraced bitcoin, they are a real game changer unlike China. It's a big country but all of the progress are being stopped by them.

Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

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.

It's really amazing to see even it is only a very short amount of time, we did see on how fast was the progress of bitcoin when it comes to pricing. Japan did really contributed the most.

Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

How many Japanese Bitcoin exchanges do you think will launch this year?

It's hard to say because it will open a lot of new businesses and maybe they will be catering 2 big major exchange.

the rise

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Quote from: Mometaskers on May 03, 2017, 12:25:07 PM

This is great news. 10 exchanges? Wow. My country I think only have 2. What's good with this is that since they've already started treating bitcoins as legal payment, this could encourage more people to get into bitcoins. Sure some might first start with trading but considering how tech-savvy the Japanese population is, I wouldn't be surprised if they find other uses for it. Just as they've led the world in use of robotics, I hope they'll do the same with bitcoins.

Japan is moving very fast and stable because its very good work ethic and has become a culture for a long time, it doesn't take long to apply bitcoin in this country let alone about exchanger addition. I think Japan only takes the momentum of China exchanger policy, and enforces it with more positive interventions, so the volume increase is not hampered by the convoluted rules.

deisik

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Quote from: just_Alice on May 03, 2017, 11:57:00 AM

Quote from: deisik on May 03, 2017, 10:25:18 AM

Quote from: Maheshkumar_Hrangkhawl on May 03, 2017, 08:21:58 AM

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?

Mometaskers

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This is great news. 10 exchanges? Wow. My country I think only have 2. What's good with this is that since they've already started treating bitcoins as legal payment, this could encourage more people to get into bitcoins. Sure some might first start with trading but considering how tech-savvy the Japanese population is, I wouldn't be surprised if they find other uses for it. Just as they've led the world in use of robotics, I hope they'll do the same with bitcoins.

HTracer

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Japan's moves in legislation towards adoption bitcoin as payment system means not just new exchanges. That means bitcoins are increasingly being used in Japan.
Recent legal changes help not just finacial sector but retail and even tourism. One of the possible reason why Japanese authority seems to support that is an attempt to boost stagnating customer spending.

just_Alice

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Quote from: deisik on May 03, 2017, 10:25:18 AM

Quote from: Maheshkumar_Hrangkhawl on May 03, 2017, 08:21:58 AM

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.

bamboylee

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It is just natural that bitcoin exchanges will increase in number since bitcoin is now legal in Japan. The exact number of exchanges that will launch this year is hard to predict. But more important than exchanges are the institutional investors coming in. these institutional investors will drive the price of bitcoin to new heights.

webtricks

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Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

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?

Nice to see "news.bitcoin.com" has widened its reach.
Yes, due to increased demand after legalization, it is automatic side-impact that Exchanges will rise. And if Bitcoin is all legit, big institutions will not afraid to enter Bitcoin industry. However, I didn't feel your question to be worthy, we aren't line inspector or an astrologer that we can predict number of Exchanges. Cheesy

However, whatever will be the number, they will surely contribute in increase of Bitcoin prices and even presently Japanese demand is one of the major reason that Bitcoin is on the door of $1500 !!

shinratensei_

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Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

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?

I can't predict the exact number, But due to the mass adoption caused by the Japanese announcement if they officially add bitcoin to be his legal payment and it brings a lot of the impact of the bitcoin adoption. My thought, another bitflyer will come to the japanese exchange site business.
But the number can't be determined. Depend on how the demand on japan for bitcoin. A lot of demands and it will need more exchange site to encourage all of the demands.

lionheart78

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Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

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?

I think there is more than 10 exchanges that is set to launch in Japan soon that is according to this news. I guess 10 would launch this year since it is stated that 10 of those 18 where new applicants. They think that bitcoin is the present "hot money" that can is a good investment ventures for people. This maybe triggered by the removal of consumption tax on bitcoins where people can buy or sell bitcoins without any charges.

batang_bitcoin

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I don't have an idea on how many bitcoin exchanges are going to open from Japan. But base on the demand and happenings on Japan probably there would be maximum of 5, this is just my guess and opinion. And it's really good to see on how did the Japanese people welcomed the usage of bitcoin, they did really helped to make the price increase.

HongKong

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I am pretty sure that the increase of Bitcoin Exchanges within the Japan region will have a positive impact on the price of Bitcoin since there likely to be more people trying to use the coin to purchase something online or they would want to make money with it somehow. I think that the whole Bitcoin for the mainstream is over hyped and by Bitcoin for the mainstream I mean like having an ETF for Bitcoin. The price of Bitcoin does not really matter in the end, the whole point is just so money could get transferred from one person to another online.

deisik

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Quote from: Maheshkumar_Hrangkhawl on May 03, 2017, 08:21:58 AM

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

Xester

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Quote from: mynhpark1 on May 03, 2017, 04:28:46 AM

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?

That bitcoin development in Japan has caused happiness to bitcoin holders and earners such as I. The increasing number of exchanges and the number of bitcoin users in Japan has significantly increased the value of bitcoin this April and have reached the value of 1400$ this May. This just implies that the Japanese adoption of bitcoin is a success and with that I am excited to see bitcoins value reaching 2000$ by June.

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