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Topic: Tomorrow 31th May (Japan time) will open internet giant GMO Btc trading platform - page 3. (Read 2848 times)

legendary
Activity: 1288
Merit: 1087
yes but the insurance then pays

i really hope that's never put to the test. the most likely cause of them losing money is some type of social engineering or total carelessness. in that case it's possible they won't pay out. bitpay lost a lot because of an employee's mistake. the insurance told them to forget trying to claim.
member
Activity: 62
Merit: 10
Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency
If hackers want they will attack it and shutdown for a couple of days, we dont have anything secured in internet nowadays.
Haven`t heard nothing about this project, but will check it, when they come out.

yes but the insurance then pays
hero member
Activity: 1260
Merit: 524
I think surely the price will get affected as this exchange give the platform for fiat users to trade bitcoin just like trading in Forex and equity market. So surely they will show the big movement
sr. member
Activity: 378
Merit: 250
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Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency
If hackers want they will attack it and shutdown for a couple of days, we dont have anything secured in internet nowadays.
Haven`t heard nothing about this project, but will check it, when they come out.
legendary
Activity: 1288
Merit: 1087
Yes, i think the price will move upwards hehe $3000+. gmo is a big company. if anyone likes to know more about the company then read their manga. Wink https://www.gmo.jp/en/company-profile/manga/

i love that. that's cool. do a lot of japanese companies do that type of thing?
legendary
Activity: 1400
Merit: 1009
Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency
Yes, i think the price will move upwards hehe $3000+. gmo is a big company. if anyone likes to know more about the company then read their manga. Wink https://www.gmo.jp/en/company-profile/manga/
legendary
Activity: 2870
Merit: 7490
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That exchange gonna popular since it's insured from hacker attack and japan is enthusiasm about bitcoin. I think bitcoin price in this exchange will be higher than other exchange for a while and few people will use this chance for arbitrage trading.
legendary
Activity: 1288
Merit: 1000
I do not think japan is so dedicated. They are so brave to adopt bitcoin as fiat money. 100 stores in japan play to mine bitcoin, making many atm the most present now.

They plan to mine bitcoin? Did they get the memo that this is no longer profitable unless you have shitload of ASICS and free energy?
I guess they are only doing it to boost their reputation and not for money.

Great news today, first Russian payment processor and not GMO. Bull race will start soon.
member
Activity: 62
Merit: 10
BTC become 3000$ ?)))  Grin Grin i think east Asia transfer banking system to crypto firstly than Europe

well over 3000$ but not short term.
short term Btc will go down and you will lose money, we are in bull/sideway trap. Soon fear and capitolation
newbie
Activity: 56
Merit: 0
I do not think japan is so dedicated. They are so brave to adopt bitcoin as fiat money. 100 stores in japan play to mine bitcoin, making many atm the most present now.
full member
Activity: 308
Merit: 105
BTC become 3000$ ?)))  Grin Grin i think east Asia transfer banking system to crypto firstly than Europe
hero member
Activity: 1176
Merit: 501
GMO seems to be a reputable company, the exchange is regulated and the user´s funds are secured and insured so they will have a big a amount of users willing to invest in bitcoin. I think there will be a pump in Japan exchanges.
sr. member
Activity: 1078
Merit: 256
I never expected japan to be so dedicated. When i heard them adopting bitcoin as a currency i was like ok fine we will see and little increase in price, but japan became a player it added bitcoin to more than 100k stores , made freakin multiple atm in the country and now it's opening the largest trading platform also. I wish it's neighbour china was also like this.

Japan was wise to jump on the crypto tech train. In the end it is one of few countries which actually invent tech, unlike China which only copies it.  Cheesy

Have it this way, many of the users may missed the early adoption train but that's not the case if you think country-wise.

Japan is the early adopter of bitcoin as a country. While China was banning its usage, Japan took a step forward and actually made it legal. So does Australia. As a result, these countries will benefit most from bitcoin.

Just like people who believed in bitcoin and endured anything for years.

Their interest concerns me however. The East is way more enthusiastic about crypto than the West, every time we get a new nation to invest, we bubble and pop. I loved the rally we.just had, it was timely for me, but I cant help but think the price isn't sustainable, growing this quickly. The chart looked like a goddamed ski slope before the price started pulling back. We have to be more responsible about our growth; I like profits as much as anyone else, but unsustainable growth is well, unsustainable.

Let's face it. Japan and other South East nation is very much into bitcoin. They love bitcoin and has been pouring cash like there are no tomorrow. The unstable price of bitcoin will also be with us, no matter what. But I think the price is more stable now as compared to previous years. Let's just enjoy the ride, and if  this is a bubble then let it be. Everyone should be responsible, but if profit is for us to take, then cashing out would be the only option.
legendary
Activity: 2184
Merit: 1024
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Can't see the price moving much on this.
legendary
Activity: 2436
Merit: 1362
This is something I think about too, sustainability for bitcoin!

its hard to figure what that sustainability level is going to be and
this news along with the recent news from Japan about the airlines
accepting BTC is certainly going to affect the price.

>> https://bitcointalk.org/index.php?topic=1930819.0;topicseen
member
Activity: 62
Merit: 10
I never expected japan to be so dedicated. When i heard them adopting bitcoin as a currency i was like ok fine we will see and little increase in price, but japan became a player it added bitcoin to more than 100k stores , made freakin multiple atm in the country and now it's opening the largest trading platform also. I wish it's neighbour china was also like this.

Japan was wise to jump on the crypto tech train. In the end it is one of few countries which actually invent tech, unlike China which only copies it.  Cheesy

Have it this way, many of the users may missed the early adoption train but that's not the case if you think country-wise.

Japan is the early adopter of bitcoin as a country. While China was banning its usage, Japan took a step forward and actually made it legal. So does Australia. As a result, these countries will benefit most from bitcoin.

Just like people who believed in bitcoin and endured anything for years.

Their interest concerns me however. The East is way more enthusiastic about crypto than the West, every time we get a new nation to invest, we bubble and pop. I loved the rally we.just had, it was timely for me, but I cant help but think the price isn't sustainable, growing this quickly. The chart looked like a goddamed ski slope before the price started pulling back. We have to be more responsible about our growth; I like profits as much as anyone else, but unsustainable growth is well, unsustainable.


oh yes,  but there is nothing we can do about it. Time will settle things. In the long term price will be more stable, not now nor next year
legendary
Activity: 1148
Merit: 1048
I never expected japan to be so dedicated. When i heard them adopting bitcoin as a currency i was like ok fine we will see and little increase in price, but japan became a player it added bitcoin to more than 100k stores , made freakin multiple atm in the country and now it's opening the largest trading platform also. I wish it's neighbour china was also like this.

Japan was wise to jump on the crypto tech train. In the end it is one of few countries which actually invent tech, unlike China which only copies it.  Cheesy

Have it this way, many of the users may missed the early adoption train but that's not the case if you think country-wise.

Japan is the early adopter of bitcoin as a country. While China was banning its usage, Japan took a step forward and actually made it legal. So does Australia. As a result, these countries will benefit most from bitcoin.

Just like people who believed in bitcoin and endured anything for years.

Their interest concerns me however. The East is way more enthusiastic about crypto than the West, every time we get a new nation to invest, we bubble and pop. I loved the rally we.just had, it was timely for me, but I cant help but think the price isn't sustainable, growing this quickly. The chart looked like a goddamed ski slope before the price started pulling back. We have to be more responsible about our growth; I like profits as much as anyone else, but unsustainable growth is well, unsustainable.
full member
Activity: 197
Merit: 100
Price will definitely rise. I'd say btc will go to over $2600+ Smiley
legendary
Activity: 1904
Merit: 1074
Can we possibly get some Japanese people to fill some positions in the SEC so that we can get the bloody ETF approved.  Huh The Japanese are

going all out and will soon be the "BoB" {Boss of Bitcoin} ..... The SEC is there to protect the Fiat system, and they have

no vision for the future. The same problems that they used as an excuse to deny Bitcoin ETF's are currently happening in other ETF's like {Oil /

Gold ...}  Roll Eyes
member
Activity: 62
Merit: 10
This is great news,
the points above are really attractive, especially the zero fees and open to all worldwide.
I visited their site and yes you can select any country worldwide.
It will be interesting to see what their pricing will be like?
Thanks for posting this.
If they are regulated by japanese government than it can be pain in ass for international users to go through their extensive KYC policy just like the way foreign traders lost so much in chinese platforms before due to confusing verification terms they have. I would suggest to not use all this new platforms to trade large amount of bitcoins.

yes, at first better staying just watching what happen
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