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 3491 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.
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)
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.
You get everything right, in general
What you don't get is that to make this policy of "people taking their money out of a closet and buying Bitcoin with it" even remotely successful, literally millions of people will have to buy bitcoins, and that would produce an exponential demand with Bitcoin prices hitting astronomical figures. In other words, there are not so many bitcoins as there should be people wanting to buy them if the Japanese government were really going to implement something along these lines and hoped to achieve a noticeable result at that
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy
Even self-proclaimed gurus of economics here can't grasp that
But the answer is pretty simple though. If we assume that fiat dies and Bitcoin takes over, the constant appreciation would be devastating to the economy. I've even created a thread where I explained everything in pesky details, and no guru or otherwise ventured to challenge that explanation. In short, the reason is that the profit margins of producers (if we calculate them in bitcoins) change non-linearly in respect to change in Bitcoin appreciation rates. In other words, they would decline faster than Bitcoin might appreciate. To add injury to insult, they may and will in fact turn negative at some level of appreciation, i.e. profits will become losses (when the proceeds stop covering expenses), and thus the producers will have to shut down their businesses altogether and fire their stuff. How can that be good? On the other hand, if Bitcoin continues to remain outside the economy, then its price will be mostly irrelevant
I've read it three times, but it's really hard to grasp. What I understood is that if fiat dies it would be bad for all of us and that in that case we wouldn't be able to enjoy even an enormous price of bitcoin whatever high it was.
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, than 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.
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.
It's all very intense because of the fact that Bitcoin became popular in Japan and how they began to actively operate in the field of cryptography. In fact, it was necessary to wonder why until now this did not happen and not be upset today because of what is happening in the market of crypto currency.Now with government regulations citizens from Japan are feeling more opened for crypto currencies, and Japan is also one of the leading countries for technology that makes crypto world more natural for them. This is only a beginning for crypto in Japan, they will push that on another level you will see, like they did with everything else. I wouldn`t be surprised if we see some official coin of Japan in some near future, they have money, technology and enough man power to make that happen.
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.
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.
It's all very intense because of the fact that Bitcoin became popular in Japan and how they began to actively operate in the field of cryptography. In fact, it was necessary to wonder why until now this did not happen and not be upset today because of what is happening in the market of crypto currency. 
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.
Japan has taken a wise step to legalized bitcoin into their monetary system.
I would like to read how bitcoin being accepted and developing in this country, and it seems more merchants and companies cooperate to accept bitcoin transaction. "over 10 Japanese companies are reportedly launching bitcoin exchanges to capitalize on the growing demand for the cryptocurrency." https://www.cryptocoinsnews.com/10-new-bitcoin-exchanges-set-launch-japan/amp/
I would like to read how bitcoin being accepted and developing in this country, and it seems more merchants and companies cooperate to accept bitcoin transaction. "over 10 Japanese companies are reportedly launching bitcoin exchanges to capitalize on the growing demand for the cryptocurrency." https://www.cryptocoinsnews.com/10-new-bitcoin-exchanges-set-launch-japan/amp/
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 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.
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)
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.
You get everything right, in general
What you don't get is that to make this policy of "people taking their money out of a closet and buying Bitcoin with it" even remotely successful, literally millions of people will have to buy bitcoins, and that would produce an exponential demand with Bitcoin prices hitting astronomical figures. In other words, there are not so many bitcoins as there should be people wanting to buy them if the Japanese government were really going to implement something along these lines and hoped to achieve a noticeable result at that
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy
Even self-proclaimed gurus of economics here can't grasp that
But the answer is pretty simple though. If we assume that fiat dies and Bitcoin takes over, the constant appreciation would be devastating to the economy. I've even created a thread where I explained everything in pesky details, and no guru or otherwise ventured to challenge that explanation. In short, the reason is that the profit margins of producers (if we calculate them in bitcoins) change non-linearly in respect to change in Bitcoin appreciation rates. In other words, they would decline faster than Bitcoin might appreciate. To add injury to insult, they may and will in fact turn negative at some level of appreciation, i.e. profits will become losses (when the proceeds stop covering expenses), and thus the producers will have to shut down their businesses altogether and fire their stuff. How can that be good? On the other hand, if Bitcoin continues to remain outside the economy, then its price will be mostly irrelevant
I've read it three times, but it's really hard to grasp. What I understood is that if fiat dies it would be bad for all of us and that in that case we wouldn't be able to enjoy even an enormous price of bitcoin whatever high it was.
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 production. In other words, they would get more profits via mere Bitcoin appreciation, and without doing anything at all at that. Right now idly sitting on money is a losing game since inflation is constantly eating away money's value
For sure this will likely go up because of the recent news that their country is openly supporting it through passing a law allowing it's used in the country. It is actually encouraging people to use it. With this, then there is likely a great chance more exchanges will sprout out.
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 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)
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.
You get everything right, in general
What you don't get is that to make this policy of "people taking their money out of a closet and buying Bitcoin with it" even remotely successful, literally millions of people will have to buy bitcoins, and that would produce an exponential demand with Bitcoin prices hitting astronomical figures. In other words, there are not so many bitcoins as there should be people wanting to buy them if the Japanese government were really going to implement something along these lines and hoped to achieve a noticeable result at that
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy
Even self-proclaimed gurus of economics here can't grasp that
But the answer is pretty simple though. If we assume that fiat dies and Bitcoin takes over, the constant appreciation would be devastating to the economy. I've even created a thread where I explained everything in pesky details, and no guru or otherwise ventured to challenge that explanation. In short, the reason is that the profit margins of producers (if we calculate them in bitcoins) change non-linearly in respect to change in Bitcoin appreciation rates. In other words, they would decline faster than Bitcoin might appreciate. To add injury to insult, they may and will in fact turn negative at some level of appreciation, i.e. profits will become losses (when the proceeds stop covering expenses), and thus the producers will have to shut down their businesses altogether and fire their stuff. How can that be good? On the other hand, if Bitcoin continues to remain outside the economy, then its price will be mostly irrelevant
I've read it three times, but it's really hard to grasp. What I understood is that if fiat dies it would be bad for all of us and that in that case we wouldn't be able to enjoy even an enormous price of bitcoin whatever high it was.
Japan is one of the most advance country in terms of technology and such online things and bitcoins is one of the biggest thing online so no doubts about bitcoins being accepted in japan,expect more and more japaneses exchange in this coming months and year
I think bitcoin adopted by bitcoin as due to Satoshi was born in the Japan as details updated in the Wiki. There are many exchanges has been started the exchanges in Japan I agree and Even US and China have bitcoin-related business and projects. We are getting adoption more over bitcoin and block chain technology.
Japan is one of the most advance country in terms of technology and such online things and bitcoins is one of the biggest thing online so no doubts about bitcoins being accepted in japan,expect more and more japaneses exchange in this coming months and year
The main reason for the increase in exchanges from Japan is because they recently legalized bitcoin and so you can expect more investors starting exchange as it is the most lucrative business if you are able to provide a decent service.I think in japan have many who know bitcoin so many who need it.
That's what makes the bitcoin exchange always increase in Japan
It is not about knowing bitcoin,since bitcoin is legalized more investors will be happy to invest their money in it and so is the reason we are seeing more volume from Japanese exchanges and so there will be more exchanges to tap the increasing user base. That's what makes the bitcoin exchange always increase in Japan
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy.
Bitcoin price is bound to get only higher. Bitcoin production/mining is slowing down, demand and adoption will increase, purchasing power will be higher as time progresses.But the situation when $1 = 1 Satoshi is not possible in the foreseeable future. It will be possible only in case when:
- US dollar will crash and hyperinflation will destroy purchasing power of USD
- distant future, when inflation of USD combined with increased price of BTC will do the job
Bitcoin reaching the value of 100 million dollars each is possible and it is not impossible as long as bitcoin continue to exist as a currency both online and offline. It does not need to kill the US dollars so that it can reach that value but let the natural growth of bitcoin do the job and as long as the number of bitcoin users grows everyday then so as the price of bitcoin
The devil is in the detail (as always, anyway)
If we exclude the possibility of the US dollar crashing when just one Bitcoin can be legitimately worth virtually any amount of dollars, the price of 100M dollars per coin would be when trades will be conducted with mini and micro subunits of 1 satoshi. In other words, the market will be as thin as the surface of a soap bubble, and it will be as unstable. I guess trying to sell just 1 bitcoin will cause the price to crash from 100M down to 100k dollars. That's basically why such prices will be totally irrelevant since price volatility will be effectively equal to Bitcoin price itself in such extreme cases
Why is it bad for the economy if the price of one satoshi was $1?
It isn't. You can print dollars and there are billions in circulation, while there's just a few million Bitcoins. Yes, just a few, because a large part of the ones mined till this day has been lost, or is owned by some mysterious perma holders like Satoshi. Also Dollars are used by a relatively small number of people. If you travel to Europe, you won't be able to buy anything with dollars, although the currency is recognized in Europe and you can exchange them on every corner, no store will take it. This means that a 1$=1s is possible if Bitcoin becomes a secondary currency, acceptable everywhere as a form of electronic payment system.
You are comparing the number of bitcoins and number of dollars in circulation, while you are talking about 1 satoshi = 1 USD.
Compare the number of satoshis there are and the number of dollars. There are a lot more satoshis than dollars in circulation. So even if Bitcoin becomes as dominant as the dollar, 1s=1$ looks unlikely.
Ok, I see the point, but add the number of people using it to the equation. If Bitcoin starts being used worldwide it will become something more than USD. Like I said you can't go into a store somewhere in Europe or Australia and pay with USD without converting, but it's possible to do with Bitcoin. It's there to fill the niche.
I think in japan have many who know bitcoin so many who need it.
That's what makes the bitcoin exchange always increase in Japan
That's what makes the bitcoin exchange always increase in Japan
Japan is one of the most advance country in terms of technology and such online things and bitcoins is one of the biggest thing online so no doubts about bitcoins being accepted in japan,expect more and more japaneses exchange in this coming months and year
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy.
Bitcoin price is bound to get only higher. Bitcoin production/mining is slowing down, demand and adoption will increase, purchasing power will be higher as time progresses.But the situation when $1 = 1 Satoshi is not possible in the foreseeable future. It will be possible only in case when:
- US dollar will crash and hyperinflation will destroy purchasing power of USD
- distant future, when inflation of USD combined with increased price of BTC will do the job
Bitcoin reaching the value of 100 million dollars each is possible and it is not impossible as long as bitcoin continue to exist as a currency both online and offline. It does not need to kill the US dollars so that it can reach that value but let the natural growth of bitcoin do the job and as long as the number of bitcoin users grows everyday then so as the price of bitcoin.
Why is it bad for the economy if the price of one satoshi was $1?
It isn't. You can print dollars and there are billions in circulation, while there's just a few million Bitcoins. Yes, just a few, because a large part of the ones mined till this day has been lost, or is owned by some mysterious perma holders like Satoshi. Also Dollars are used by a relatively small number of people. If you travel to Europe, you won't be able to buy anything with dollars, although the currency is recognized in Europe and you can exchange them on every corner, no store will take it. This means that a 1$=1s is possible if Bitcoin becomes a secondary currency, acceptable everywhere as a form of electronic payment system
It is not bad as long as there is "bad" money present in circulation
And this is what the Japanese government may be trying to perpetrate. Namely, to make the Yen into the bad money, so that committed savers and holders dumped their stashes of the national currency and started hoarding bitcoins instead. Thereby, the amount of "bad" money in circulation will increase, and, consequently, that will push inflation higher. But if there were no "bad" money (i.e. just Bitcoin alone as a currency), the result would be quite the opposite, and instead of inflation, the government would only get severe deflation, something they are desperately fighting with
Why is it bad for the economy if the price of one satoshi was $1?
It isn't. You can print dollars and there are billions in circulation, while there's just a few million Bitcoins. Yes, just a few, because a large part of the ones mined till this day has been lost, or is owned by some mysterious perma holders like Satoshi. Also Dollars are used by a relatively small number of people. If you travel to Europe, you won't be able to buy anything with dollars, although the currency is recognized in Europe and you can exchange them on every corner, no store will take it. This means that a 1$=1s is possible if Bitcoin becomes a secondary currency, acceptable everywhere as a form of electronic payment system.
You are comparing the number of bitcoins and number of dollars in circulation, while you are talking about 1 satoshi = 1 USD.
Compare the number of satoshis there are and the number of dollars. There are a lot more satoshis than dollars in circulation. So even if Bitcoin becomes as dominant as the dollar, 1s=1$ looks unlikely.
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)
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.
You get everything right, in general
What you don't get is that to make this policy of "people taking their money out of a closet and buying Bitcoin with it" even remotely successful, literally millions of people will have to buy bitcoins, and that would produce an exponential demand with Bitcoin prices hitting astronomical figures. In other words, there are not so many bitcoins as there should be people wanting to buy them if the Japanese government were really going to implement something along these lines and hoped to achieve a noticeable result at that
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy
Even self-proclaimed gurus of economics here can't grasp that
But the answer is pretty simple though. If we assume that fiat dies and Bitcoin takes over, the constant appreciation would be devastating to the economy. I've even created a thread where I explained everything in pesky details, and no guru or otherwise ventured to challenge that explanation. In short, the reason is that the profit margins of producers (if we calculate them in bitcoins) change non-linearly in respect to change in Bitcoin appreciation rates. In other words, they would decline faster than Bitcoin might appreciate. To add injury to insult, they may and will in fact turn negative at some level of appreciation, i.e. profits will become losses (when the proceeds stop covering expenses), and thus the producers will have to shut down their businesses altogether and fire their stuff. How can that be good? On the other hand, if Bitcoin continues to remain outside the economy, then its price will be mostly irrelevant
Why is it bad for the economy if the price of one satoshi was $1?
It isn't. You can print dollars and there are billions in circulation, while there's just a few million Bitcoins. Yes, just a few, because a large part of the ones mined till this day has been lost, or is owned by some mysterious perma holders like Satoshi. Also Dollars are used by a relatively small number of people. If you travel to Europe, you won't be able to buy anything with dollars, although the currency is recognized in Europe and you can exchange them on every corner, no store will take it. This means that a 1$=1s is possible if Bitcoin becomes a secondary currency, acceptable everywhere as a form of electronic payment system.
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy.
Bitcoin price is bound to get only higher. Bitcoin production/mining is slowing down, demand and adoption will increase, purchasing power will be higher as time progresses.But the situation when $1 = 1 Satoshi is not possible in the foreseeable future. It will be possible only in case when:
- US dollar will crash and hyperinflation will destroy purchasing power of USD
- distant future, when inflation of USD combined with increased price of BTC will do the job
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)
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.
You get everything right, in general
What you don't get is that to make this policy of "people taking their money out of a closet and buying Bitcoin with it" even remotely successful, literally millions of people will have to buy bitcoins, and that would produce an exponential demand with Bitcoin prices hitting astronomical figures. In other words, there are not so many bitcoins as there should be people wanting to buy them if the Japanese government were really going to implement something along these lines and hoped to achieve a noticeable result at that
Thanks for the explanation. Indeed you've noticed what I can't understand so far. Even now I think that a limited number of bitcoins can't be a problem because that only would lead to the increasing of bitcoin price. Why is it bad for the economy if the price of one satoshi was $1? But I have a feeling that I can't get it because I'm not aware of some mysteries of the economy.
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)
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.
You get everything right, in general
What you don't get is that to make this policy of "people taking their money out of a closet and buying Bitcoin with it" even remotely successful, literally millions of people will have to buy bitcoins, and that would produce an exponential demand with Bitcoin prices hitting astronomical figures. In other words, there are not so many bitcoins as there should be people wanting to buy them if the Japanese government were really going to implement something along these lines and hoped to achieve a noticeable result at that
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.
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 is really such a great news to all bitcoin community in the entire world actually. Imagine different 10 biggest company all over the world are now decided to adopt the system of bitcoin, well that is not astonishing because bitcoin was really has a brighter future. And now it is happening already little by little.
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)
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.
I agree with Deisik, they wouldn't jump the bandwagon if they wouldn't have any benefit from it. I still can't imagine how it could be eventually harmful to bitcoin though. Maybe they really just want to jump start their slowing economy. Bitcoin would encourage people to pull out some savings out to buy it for the profit. When they do cash out, that money is going back to the economy. Even if they just hold, the gov't can earn from the exchanges.
Here are some 2015 GDPs via Google:
Russia: 1.3 trillion
India: 2.0 trillion
Japan: 4.1 trillion
China: 10.9 trillion
USA: 18.0 trillion
People have always focused on China, and Russia to some extent. But Japan alone is already quite significant. And India will likely follow this month. Could this start as a trickle, and then snowball ? Could this be the beginning of the time that all of us have been waiting for?
Do you have a source for mentioning that India would likely soon be following? Russia: 1.3 trillion
India: 2.0 trillion
Japan: 4.1 trillion
China: 10.9 trillion
USA: 18.0 trillion
People have always focused on China, and Russia to some extent. But Japan alone is already quite significant. And India will likely follow this month. Could this start as a trickle, and then snowball ? Could this be the beginning of the time that all of us have been waiting for?
I would've thought that they could very well be implementing regulations against Bitcoin as opposed to for it...
Yeah, they seem to be quite negative towards it and might even see it as an alternative method for people trying to hoard money (they demonetized their 2 largest bills).
https://news.bitcoin.com/indias-government-may-be-preparing-to-legalize-and-regulate-bitcoin/
Maybe likely was the wrong word to use. Other "sources" I've read made it sound that way. But we should find out soon one way or the other.
Maybe likely was the wrong word to use. Other "sources" I've read made it sound that way. But we should find out soon one way or the other.
Here are some 2015 GDPs via Google:
Russia: 1.3 trillion
India: 2.0 trillion
Japan: 4.1 trillion
China: 10.9 trillion
USA: 18.0 trillion
People have always focused on China, and Russia to some extent. But Japan alone is already quite significant. And India will likely follow this month. Could this start as a trickle, and then snowball ? Could this be the beginning of the time that all of us have been waiting for?
Do you have a source for mentioning that India would likely soon be following? Russia: 1.3 trillion
India: 2.0 trillion
Japan: 4.1 trillion
China: 10.9 trillion
USA: 18.0 trillion
People have always focused on China, and Russia to some extent. But Japan alone is already quite significant. And India will likely follow this month. Could this start as a trickle, and then snowball ? Could this be the beginning of the time that all of us have been waiting for?
I would've thought that they could very well be implementing regulations against Bitcoin as opposed to for it...
Here are some 2015 GDPs via Google:
Russia: 1.3 trillion
India: 2.0 trillion
Japan: 4.1 trillion
China: 10.9 trillion
USA: 18.0 trillion
People have always focused on China, and Russia to some extent. But Japan alone is already quite significant. And India will likely follow this month. Could this start as a trickle, and then snowball ? Could this be the beginning of the time that all of us have been waiting for?
Russia: 1.3 trillion
India: 2.0 trillion
Japan: 4.1 trillion
China: 10.9 trillion
USA: 18.0 trillion
People have always focused on China, and Russia to some extent. But Japan alone is already quite significant. And India will likely follow this month. Could this start as a trickle, and then snowball ? Could this be the beginning of the time that all of us have been waiting for?
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?
This is a good news about bitcoins adoption and for sure price will surely main affected here which means it will surely rise up.Its not surprising that adoption on that place comes very high because thats the origin on where satoshi lived(correct me if im wrong) they do accept its invention and now they are now on the trend.Talking about how many possible exchanges will come out,no one really knows after all. 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?
The news coming from Japan are very good for Bitcoin. Japan is a huge market, a huge number of users where there is a very close relationship with technology. It´s possible that the rise in the price of bitcoin we are experiencing is closely related to what is happening in Japan. It will be interesting to see if other countries follow their example, in particular will have to see the steps that occur in China, neighbor and rival.
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.
Japan is a big and progressive county, recognizing bitcoin is already a big success for the entire market, I can already see how big the demand would be in the future to come. Honestly, I am not surprise with the current price hike, this should brought by the emerging market of bitcoin, more development makes bitcoin more precious.
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.
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 always said that to feel the impact of Japanese market coming into the bitcoin landscape, I say lets wait for at least 6 months. But damn, looks like Japan is getting really hard on it and establishing a lot of exchanges there. Japan is truly leading the revolution for bitcoin to be really go globally in the next few years. In contrast, China's influence of the market is dwindling because of the Japanese aggressive move in terms of volume trading. They will probably leave the mining for the Chinese now, as electricity in Japan is expensive. At least we have someone to balance out the effect of the Chinese in bitcoin ecosystem.
Probably this one of the reason aside from ETF review why price of bitcoin today pump an all time high no wonder if prices will go to the moon for the next few months..nearly approaching $2000/btc.
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.
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.
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.
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.
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.
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.
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. 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.
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.
Having more volume and influence from Japan would be a good thing, I hope the market continues to grow there.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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'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.
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.
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.
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.
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?
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.
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 !! 
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. 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?
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.
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?
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.
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.
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.
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
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?
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.
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.
This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.
I also beleive this is good and could bring positive movements. Chinese domination will be weakened and new players on Bitcoin ma are always welcomed.
More countries that join bi train makes it more serious, addopted and with higher potential. Think this is going in good direction.
Correct. Japan already proved that they are really leading the revolution for bitcoin to be mass adopted globally. China influence has been dwindling and Japan is taken the lead now. I hope Japan can sustain in the long run so that other country will follow what they lead.
Domo arigato Japan!!!.
This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.
I also beleive this is good and could bring positive movements. Chinese domination will be weakened and new players on Bitcoin ma are always welcomed.
More countries that join bi train makes it more serious, addopted and with higher potential. Think this is going in good direction.
This is actually a good development in the right direction and this is something I really clamour for and I see the effect from the news from the Chinese government having little or no effect on the price of bitcoin. It also shows that the popularity of bitcoin is getting to the point where it cannot be stopped and government that wants to stay relevant in this world of digital money will have to fall in line or fall out of place.
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?
very good news, but your comment does not contain sufficient information. you are just making claims. for example i would love to see some links to these exchanges or some stats about them like how much volume they have been having in the past few months that you say the have been working
also starting a new exchange service doesn't mean anything. it just shows some people were looking for making more money so they started a new service. the important part is how much they are being used while there are already a couple of big Japanese exchanges available.
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?
Not surprising at all as bitcoin was officially recognized this year in Japan.
I would say that at least 2-3 more new exchanges that will turn out to be long term projects will come out this year in Japan. And that's pretty conservative, since bitcoin price is going up and that brings a lot more media publicity, and more entrepreneurs will take time to look at bitcoin and see that there is potential in launching a local trading platform.
However I do see that trading is going P2P, so platforms like LBC will probably thrive.
This is a very good development for Bitcoin. Aside from China, the country of Japan can become one of the top and biggest markets for cryptocurrencies. And as a chain reaction, I am sure that "investors" would also be looking at other coins aside from Bitcoin.
I love to hear news like this because it is not good that China has become like the controlling power for Bitcoin...we should be aiming for a global and balanced distribution of Bitcoin ownership so no country can easily hijacked the said asset for any underlying reason given.
Japanese are known to be good savers and now they have an additional choice of putting their money in Bitcoin for good returns compared to traditional banking though it can be carrying more associated risks.
I love to hear news like this because it is not good that China has become like the controlling power for Bitcoin...we should be aiming for a global and balanced distribution of Bitcoin ownership so no country can easily hijacked the said asset for any underlying reason given.
Japanese are known to be good savers and now they have an additional choice of putting their money in Bitcoin for good returns compared to traditional banking though it can be carrying more associated risks.
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?
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