Japanese run the BTC price! | Bitcointalksearch.org

krampus854

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

Japanese are not the most users and investors in bitcoin they are just supporting bitcoin from the acceptance of many countries in the world. Yen is just another currency that is being used by people in japan. Bitcoin's price will increase in just matter of time.

vickybitcoin

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

I dont think so, this is just a slight drop and this is normal. We have been constanly rising in the past weeks and now the drop is just normal and expected by seasoned traders and investors. I know it will be recovered soon!

iv4n

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Quote from: noah tall on May 16, 2018, 08:02:44 AM

Quote from: okala on May 09, 2018, 01:00:07 AM

I was thinking before that Chinese run the market and that is why news from that region do affects bitcoin in the most negative or positive ways. Japanese also have some influence but I don't think that they control the market as there are many factors that determine price.

Big countries decisions effect price of bitcoin because people think that if they are making decisions about bitcoin certainly they thoroughly investigate it and finally gave their decision. My country has banned bitcoin and I know it is for the time being but it will take long time that the government legalizes bitcoin in my country. China has banned bitcoin two times but now they allow their people to trade and invest in bitcoin.

In the end all news from China were fake, to much noise about nothing. In your country bitcoin is banned maybe but you are still here, they can't stop you from using crypto. Bitcoin is a world stage, I'm sure there are strong groups in every country, and individuals, they affect price with their actions but wellbeing of bitcoin is mutual for all. In big countries lives a lot of people, positive or negative news from big countries governments affect big masses, later their decisions affect price.
Bitcoin is still decentralized, nobody can fully control it, until bitcoin is decentralized we will not need to worry about who controls it.

noah tall

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Quote from: okala on May 09, 2018, 01:00:07 AM

I was thinking before that Chinese run the market and that is why news from that region do affects bitcoin in the most negative or positive ways. Japanese also have some influence but I don't think that they control the market as there are many factors that determine price.

Big countries decisions effect price of bitcoin because people think that if they are making decisions about bitcoin certainly they thoroughly investigate it and finally gave their decision. My country has banned bitcoin and I know it is for the time being but it will take long time that the government legalizes bitcoin in my country. China has banned bitcoin two times but now they allow their people to trade and invest in bitcoin.

Semaj123

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Quote from: TTITA on May 14, 2018, 05:52:52 PM

Quote from: Clement Kaliyar on May 14, 2018, 04:09:09 PM

Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

The price of bitcoin went below $8800 this time around and it did not turn ugly, expect the market to go down in the short period of time, as an investor i do not bother about these short term corrections, the main reason might be because of the sell off by Mt Gox team and they will keep on selling the coins but the price will recover. Japan is not having the entire volume and the price is not dependent on their volume alone.

I think he want to mention that Japan has dominates Asian market volume, but the market that has a big influence in the world of crypto trading is still in the USA, so I'm not sure japan run the whole BTC price.

You may have a point, we can't conclude that Japan controlled the price of Bitcoin because still nobody knows who controlled its value. Japan totally accepted cryptos and it's good that they totally make used of the technology and I think they contributed a lot in terms of making the crypto to be more popular. But still, Bitcoin is decentralized and data are being spread globally so it is not the Japan who controlled the price but the people who uses it IMO.

TTITA

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Quote from: Clement Kaliyar on May 14, 2018, 04:09:09 PM

Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

The price of bitcoin went below $8800 this time around and it did not turn ugly, expect the market to go down in the short period of time, as an investor i do not bother about these short term corrections, the main reason might be because of the sell off by Mt Gox team and they will keep on selling the coins but the price will recover. Japan is not having the entire volume and the price is not dependent on their volume alone.

I think he want to mention that Japan has dominates Asian market volume, but the market that has a big influence in the world of crypto trading is still in the USA, so I'm not sure japan run the whole BTC price.

Clement Kaliyar

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

If it closes below 8800 it will be ugly!
Yen is over 50 percent of volume!
We are at their mercy!

The price of bitcoin went below $8800 this time around and it did not turn ugly, expect the market to go down in the short period of time, as an investor i do not bother about these short term corrections, the main reason might be because of the sell off by Mt Gox team and they will keep on selling the coins but the price will recover. Japan is not having the entire volume and the price is not dependent on their volume alone.

superstarbtc

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even though Japan hodl most of bitcoin market and price superiority we cant completely say they only manipulate the price it is global news affects the bitcoin price

Hell-raiser

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Quote from: richardsNY on May 08, 2018, 06:49:39 PM

The only exchanges that matter are GDAX, Bitfinex, Gemini and Bitstamp. All foreign trading volumes do contribute somewhat, but they mainly affect their own market. I remember when South Korean exchanges were trading $5000 above western exchanges, which is beyond insane, but the western markets didn't give one single damn. Later on South Korean premiums vanished and became just a few hundred instead of thousands -- this perfectly indicates that continents have different demand standards and don't necessarily steer the other side up or down with it. That's the benefit of having different exchanges all operating different order books.

The price discrepancies between exchanges have more to do with peculiarities and issues like withdrawal and deposit fees on fiat transfers rather than "continents having different demand standards". If everyone were able to both flawlessly withdraw and deposit fiat (and sometimes crypto as was the issue with Chinese exchanges in the first half of 2017), the arbitrageurs would quickly jump at the opportunity to make easy money and level out prices. If there were equal conditions at every exchange out there, the prices would be pretty much the same everywhere in the neighborhood. Things like withdrawal and deposit fees, limits on withdrawal amounts, times to withdraw and deposit, etc explain such big differences in prices on various exchanges.

BillCoin

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It's not the Japanese controls the price of bitcoin, it's a very small group of people controlling the price .
It's proved that there is a small group of people that own million of bitcoins, those bitcoins are easy to be liquidated and they can just sell off/buy them off based on their willing to decrease/increase the price of single bitcoin, we should learn how to ride the waves, as can't really fight them.

Cacingkemi

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It could happen if seen in the direction of japan has indeed strengthened BTC by legalizing crypto there,but it can't be ascertained that Japan can control the movement of BTC value cause all countries participate in the market along with mutually multiply demand.

KorakPawon

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it can happen because Japan is one of the big countries that legalize bitcoin and big investors are there. Therefore Japan has a big share in price movements.

BrewMaster

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There is trouble abrewing

if that was true then bitcoin price would have already been at least $100k by now because the demand for bitcoin is increasing every second in Japan and with that a lot more money is being invested in bitcoin.
if anything the rest of the world (like the US market) is bringing down the price and the price that Japan sets.

Whosdaddy

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Quote from: airdagon on May 08, 2018, 11:31:49 PM

Quote from: shulio on May 08, 2018, 11:26:23 AM

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.

prices fall not completely wrong MTGox, man! we should as users and investors who have a weak mentality self-conscious, that the fall of this price can also be caused by people panicked (mentally weak) because hearing negative news just sell it directly Cheesy

This is the false assumption and we should believe in the Bitcoin because if you stop believe then consider that is the end of your life. Just focus on your investment and try to be more positive as compared to negative mind. This negativity let the people to sell out their coins and thus there is a decrease happens in the market price. Avoiding such negativity will benefit us in this market.

Maybe some whales would have manipulated bitcoin prices and doing right now also but it will not last for long. So, some country will be controlling the price of bitcoin may happen but it will not happen for all the times. Over time they will lose their power and bitcoin will become completely decentralized in near future itself.

pokeronlinestatus

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Quote from: airdagon on May 08, 2018, 11:31:49 PM

Quote from: shulio on May 08, 2018, 11:26:23 AM

The MTGox man is on the stage again. He continue to sell the Bitcoin recovered from MTGox hack. This is why the price falling.

prices fall not completely wrong MTGox, man! we should as users and investors who have a weak mentality self-conscious, that the fall of this price can also be caused by people panicked (mentally weak) because hearing negative news just sell it directly Cheesy

The rise in the price in the past few months was unnatural and I worried that it will down as big as its growth and we saw it happened. I didn’t surprise about big fall in the price because it was not according to the market value of bitcoin. Now it is normal and people are investing again in bitcoin because the growth now is according to the investment ratio.

Slow death

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Quote from: jamesashmore1964 on May 08, 2018, 10:45:09 AM

We are at their mercy!

so you afraid, let's think positive

Quote from: shulio on May 11, 2018, 05:05:17 PM

Direct quote must be quoted from the official statement of the MtGox trustee himself. Not from a translator which writes news on a crypto news site.

the crypto sites are not very credible and reliable, so I would say that we always have to be on our feet with these crypto news sites because they live on rumors, they like to publish rumors

Quote from: shulio on May 11, 2018, 05:05:17 PM

Cointelegraph and news.bitcoin.com have the same trust level.

I disagree, the second is totally turned to promote the altcoin cash and it seems that its journalists have the same opinion, I did not see any journalist in the newsbtc criticize the altcoin cash and it is not possible that all people have the same opinion

ololajulo

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Japan's community allows the use of bitcoin due the high tech environment but I dont beleive the community is large and strong enough to solely drive bitcoin price now. The country does not make the top 5 for the nymber of ICOs and the number of ICOs per million people. The population when compare to some cryptocurrency is not large enough to solely claim the ability to drive the price but the crypto community is well regulated to allow any form of its trade

shulio

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Quote from: exstasie on May 11, 2018, 04:45:34 PM

Quote from: shulio on May 10, 2018, 06:54:51 PM

Quote from: gentlemand on May 09, 2018, 11:37:39 AM

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.

Which means OTC.

https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

"Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe Kobayashi's sales put so many Bitcoin back into circulation, that the sales contributed to severe drops in the price of Bitcoin."

You can believe what you want.

I'd take the word of the trustee himself over some random crypto media article. Wink

Also, many exchanges have OTC brokering services, so it's possible the whole "selling on exchanges" thing was mischaracterized based on that. He'd have to be very dumb to sell directly on spot markets too, which I doubt.

Direct quote must be quoted from the official statement of the MtGox trustee himself. Not from a translator which writes news on a crypto news site. Cointelegraph and news.bitcoin.com have the same trust level.

exstasie

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Quote from: shulio on May 10, 2018, 06:54:51 PM

Quote from: gentlemand on May 09, 2018, 11:37:39 AM

“Following consultation with cryptocurrency experts, I sold BTC and BCH, not by an ordinary sale through the BTC/BCH exchange, but in a manner that would avoid affecting the market price, while ensuring the security of the transaction to the extent possible,” Kobayashi details.

Which means OTC.

https://cointelegraph.com/news/effects-of-mt-gox-trustees-400-mln-sale-on-bitcoin-market

"Over the past three months, Nobuaki Kobayashi has sold over $300 mln in Bitcoin on two public exchanges. Some critics believe Kobayashi's sales put so many Bitcoin back into circulation, that the sales contributed to severe drops in the price of Bitcoin."

You can believe what you want.

I'd take the word of the trustee himself over some random crypto media article. Wink

Also, many exchanges have OTC brokering services, so it's possible the whole "selling on exchanges" thing was mischaracterized based on that. He'd have to be very dumb to sell directly on spot markets too, which I doubt.

superstarbtc

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Bitcoin is legal in Japan so there is lot of influence of Japan in bitcoin price volatile and more important south Korea too influence bitcoin prices

Topic: Japanese run the BTC price! (Read 465 times)