Bitcoin Forum

Economy => Speculation => Topic started by: the_poet on May 21, 2017, 06:32:00 PM



Title: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: the_poet on May 21, 2017, 06:32:00 PM
https://cointelegraph.com/news/bitcoin-price-hits-2087-trading-in-japan-south-korea-for-2350


Title: Re: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: dothebeats on May 21, 2017, 06:43:21 PM
As always, Western exchanges would be trailing behind and big market players in the East would be the trend setters. Also, this shows how positive the reception is from the people of the said countries after their governments gave rhe green flag for bitcoin trading. This is a nice start towards future movements.


Title: Re: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: poncom on May 21, 2017, 06:51:13 PM
I wonder if the Chinese traders started trading on the Japan and S. Korea exchanges after the Chinese exchanges blocked withdrawals. Could that be helping to pump the Japan and S. Korea price?


Title: Re: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: European Central Bank on May 21, 2017, 07:07:41 PM
I wonder if the Chinese traders started trading on the Japan and S. Korea exchanges after the Chinese exchanges blocked withdrawals. Could that be helping to pump the Japan and S. Korea price?

how would they get money to them? they can't put coins on there unless they buy new ones. maybe that accounts for the big localbitcoins volumes.


Title: Re: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: cryptodontus on May 21, 2017, 08:01:52 PM
Bitflyer won't let US residents make accounts.

So that cuts into available supply a lot.

Wish I lived somewhere else, could be making fat yen right now


Title: Re: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: European Central Bank on May 21, 2017, 08:03:07 PM
Bitflyer won't let US residents make accounts.

So that cuts into available supply a lot.

Wish I lived somewhere else, could be making fat yen right now

no one wants US residents any more. in most places in the world US citizens will be told to go away if they want a normal bank account let alone anything else. write to your congressman and get those nasty laws changed.


Title: Re: BTC is worth $2,350 in Japan and S. Korea (2nd and 3rd largest exchange markets)
Post by: RoommateAgreement on May 22, 2017, 03:45:34 AM
As always, Western exchanges would be trailing behind and big market players in the East would be the trend setters. Also, this shows how positive the reception is from the people of the said countries after their governments gave rhe green flag for bitcoin trading. This is a nice start towards future movements.

it is mainly because the eastern exchanges mostly having Japanese demanding customers and that is a large demand and western exchanges still have the same demand which went up a little compared to them.
it will balance itself out though, soon.