I guess this is relevant to Japan's government making Bitcoin an official payment method in their country. From my perspective businesses and certain individuals in Japan are taking advantage of it and buying Bitcoin to use in their business like their own Exchange. The only thing left to prove my theory is for Korea to follow Japan in terms of volume in the market for Bitcoin.
Well this is the result of the accept Bitcoin as new payment system in Japan, I think other country on the world's should study them and application to payment system in more country soon before the value of Bitcoin increasing more. 
Topic: Japan now #1 in volume (Read 2248 times)
Seriously?
This is quite shocking to me. I get that cryptocurrency is officially legal and regulated in Japan, but it is also higher in volume than the US? Really?
I would never have thought this... very surprising.
This is quite shocking to me. I get that cryptocurrency is officially legal and regulated in Japan, but it is also higher in volume than the US? Really?
I would never have thought this... very surprising.
In such a short time period reaching high volume is really an impossible task, though the country has got legalized usage of bitcoin with more stores accepting bitcoin generating a good circulation of the digital currency around the network. Japan has been competing hard to be the leader of cryptocurrency, but that takes time.
I guess this is relevant to Japan's government making Bitcoin an official payment method in their country. From my perspective businesses and certain individuals in Japan are taking advantage of it and buying Bitcoin to use in their business like their own Exchange. The only thing left to prove my theory is for Korea to follow Japan in terms of volume in the market for Bitcoin.
Where are you seeing Japan as #1 in volume? Looking at http://data.bitcoinity.org I'm seeing these volumes for the past couple weeks:
Looks like Japan's volume is still way behind both China and the US.
| Volume (in BTC) | Week 7/23 | Week 7/16 |
| USD/BTC | 621k | 982k |
| CNY/BTC | 180k | 255k |
| JPY/BTC | 94k | 168k |
Looks like Japan's volume is still way behind both China and the US.
I guess Japan had its time on the first spot sometime in February. But we can really see the aggressivess among these countries and how competitive they are in every aspect of country rivalries that we see even in bitcoin world. Like I've said in other threads, whatever the US started, its rival countries will always try to cope up and compete.
Where are you seeing Japan as #1 in volume? Looking at http://data.bitcoinity.org I'm seeing these volumes for the past couple weeks:
Looks like Japan's volume is still way behind both China and the US.
Good information, china has always been the biggest rival for america and japan. In the future China will become a Super Power State, many predict as it is.| Volume (in BTC) | Week 7/23 | Week 7/16 |
| USD/BTC | 621k | 982k |
| CNY/BTC | 180k | 255k |
| JPY/BTC | 94k | 168k |
Looks like Japan's volume is still way behind both China and the US.
Where are you seeing Japan as #1 in volume? Looking at http://data.bitcoinity.org I'm seeing these volumes for the past couple weeks:
Looks like Japan's volume is still way behind both China and the US.
Good information, china has always been the biggest rival for america and japan. In the future China will become a Super Power State, many predict as it is.| Volume (in BTC) | Week 7/23 | Week 7/16 |
| USD/BTC | 621k | 982k |
| CNY/BTC | 180k | 255k |
| JPY/BTC | 94k | 168k |
Looks like Japan's volume is still way behind both China and the US.
OP's post was from February when Japan was number 1 for a while in BTC. USD is however always king, whenever China, Japan or South Korea have shown up as number one in volume it has usually been based on data from exchanges with little or no fees which inflated the volume.
Where are you seeing Japan as #1 in volume? Looking at http://data.bitcoinity.org I'm seeing these volumes for the past couple weeks:
Looks like Japan's volume is still way behind both China and the US.
Good information, china has always been the biggest rival for america and japan. In the future China will become a Super Power State, many predict as it is. | Volume (in BTC) | Week 7/23 | Week 7/16 |
| USD/BTC | 621k | 982k |
| CNY/BTC | 180k | 255k |
| JPY/BTC | 94k | 168k |
Looks like Japan's volume is still way behind both China and the US.
It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.
The more countries the better because it spreads the demand to more people but it also reduces the risk that one country will try to control bitcoin. And I find mean the regular citizens of a country, but the government or a small group of powerful people. Diversification is very important to the health of bitcoin.
Where are you seeing Japan as #1 in volume? Looking at http://data.bitcoinity.org I'm seeing these volumes for the past couple weeks:
Looks like Japan's volume is still way behind both China and the US.
| Volume (in BTC) | Week 7/23 | Week 7/16 |
| USD/BTC | 621k | 982k |
| CNY/BTC | 180k | 255k |
| JPY/BTC | 94k | 168k |
Looks like Japan's volume is still way behind both China and the US.
It's hard to find valid data about bitcoin users, it's all just prejudice and not easy to prove, but I think china is still the biggest because the biggest mining is in china.
This is a competition where every country can take part for the crypto competition. Of course japan is a country with a very advanced technological capacity. Many residents have a high IQ, this makes bitcoin a choice for people in Japan. So I'm not too surprised by this. Currently japan and china are the two countries that use bitcoin most, but this will be a healthy competition. Because crypto is a currency that no one can cheat.
Good to know that the Chinese exchanges don't have a monopoly on Bitcoin trading.
Japan may be number one now in volume but Chinese exchanges enjoyed a highest volume for a long time and i know in future they will retain the highest volume again. Seeing other countries like Japan in the Race with china in Bitcoin adoption is sure a healthy competition for bitcoins overall.
Those high volume was fake. You can see how fake it was when those big exchanges implemented fees on trade transaction. But yeah, I agree that world wide adoption and competition is healthy for Bitcoin economy. As far as I know Japan is more Bitcoin friendly than China.
I'm more surprised that China is not longer leading in volume though, they were on top for essentially the existence of Bitcoin since 2013 iirc.
Good to know that the Chinese exchanges don't have a monopoly on Bitcoin trading.
Japan may be number one now in volume but Chinese exchanges enjoyed a highest volume for a long time and i know in future they will retain the highest volume again. Seeing other countries like Japan in the Race with china in Bitcoin adoption is sure a healthy competition for bitcoins overall.
Those high volume was fake. You can see how fake it was when those big exchanges implemented fees on trade transaction. But yeah, I agree that world wide adoption and competition is healthy for Bitcoin economy. As far as I know Japan is more Bitcoin friendly than China.
Good to know that the Chinese exchanges don't have a monopoly on Bitcoin trading.
Japan may be number one now in volume but Chinese exchanges enjoyed a highest volume for a long time and i know in future they will retain the highest volume again. Seeing other countries like Japan in the Race with china in Bitcoin adoption is sure a healthy competition for bitcoins overall.
Those high volume was fake. You can see how fake it was when those big exchanges implemented fees on trade transaction. But yeah, I agree that world wide adoption and competition is healthy for Bitcoin economy. As far as I know Japan is more Bitcoin friendly than China.
Now that Japan is no. 1 in terms of volume, I think manipulation will end. They might also try to manipulate it but if they do, one day there will be another country that will overtake them in terms of volume. It is a good sign though having Japan in #1 in volume not China it will mean that less manipulation will happen starting now and the only thing that will drive bitcoin's price up and down is real demand in my opinion.
I am in favor of Japan compared to China and I love what is happening now on bitcoin. With Japan having that edged, I trust them. We know Japan as honest and discipline people,so with their dealings and handling this feat I trust them.BTW Japan already recognized and accept bitcoin as payment for utilities etc.
I'm happy that the Chinese manipulation era is going to end soon. And I'm also in favor on what's happening to bitcoin today.
Its better to trust Japanese people with their norms and beliefs especially when it comes to financial things.
They know how to treat bitcoin properly and will do help the economy of it.
Now that Japan is no. 1 in terms of volume, I think manipulation will end. They might also try to manipulate it but if they do, one day there will be another country that will overtake them in terms of volume. It is a good sign though having Japan in #1 in volume not China it will mean that less manipulation will happen starting now and the only thing that will drive bitcoin's price up and down is real demand in my opinion.
I am in favor of Japan compared to China and I love what is happening now on bitcoin. With Japan having that edged, I trust them. We know Japan as honest and discipline people,so with their dealings and handling this feat I trust them.BTW Japan already recognized and accept bitcoin as payment for utilities etc.
It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.
It's all good for all of us, we want a worldwide participation and Japan being a world super power brings a lot on board and we hope many will follow suit and Bitcoin will grow bigger and stronger.
Now that Japan is no. 1 in terms of volume, I think manipulation will end. They might also try to manipulate it but if they do, one day there will be another country that will overtake them in terms of volume. It is a good sign though having Japan in #1 in volume not China it will mean that less manipulation will happen starting now and the only thing that will drive bitcoin's price up and down is real demand in my opinion.
I guess we are a few days from the "Fucking Japanese" posts then. 
why youre hate japan, i think this now only japan can regulated bitcoin and complete, in japan exchanger can tax too
china exchanger is many problem about regulation, this now japan exchanger can replace position china exchanger
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