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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: CryptoBuds on September 18, 2017, 08:01:46 AM



Title: Chinese money from trading crypto will become japanese
Post by: CryptoBuds on September 18, 2017, 08:01:46 AM
Concidering all these news that come from China (ICO ban, exchanges prohibition and so on) and Japan (legit accepting of cryptocurrencies, official registration of exchanges and so on...) it's not hard to make such conclusion. What do you think?


Title: Re: Chinese money from trading crypto will become japanese
Post by: aaroc90 on September 18, 2017, 08:04:26 AM
And the japanese exchanges taking a jump in volume! this is great news, glad to hear bitcoin wont be halted(temporarily) by a gov  :D


Title: Re: Chinese money from trading crypto will become japanese
Post by: CryptoBuds on September 18, 2017, 08:13:53 AM
I think that Japan will become MUCH richer as it's now according to their crypto attracting strategy.


Title: Re: Chinese money from trading crypto will become japanese
Post by: viking02 on September 18, 2017, 08:26:41 AM
I'm glad this will become true. Soon COMSA ICO will be. It's japanese platform for ICO conducting. I suppose that they should collect great cap, may be the biggest one)) BTW everybody hates China because of their unconsistency and fake news. They should be off soon. Hooray! :)


Title: Re: Chinese money from trading crypto will become japanese
Post by: Lieldoryn on September 18, 2017, 09:05:13 AM
The Japanese can accommodate all exchanges. But China's actions is just the beginning of the struggle against crypto currencies. I think that soon this struggle will join US. Then the problems will intensify, but if not to lose faith in the future of crypto currency we can win.


Title: Re: Chinese money from trading crypto will become japanese
Post by: Minor Miner on September 18, 2017, 09:41:15 AM
The Japanese can accommodate all exchanges. But China's actions is just the beginning of the struggle against crypto currencies. I think that soon this struggle will join US. Then the problems will intensify, but if not to lose faith in the future of crypto currency we can win.

Unfortunately this is the most likely scenario... But there wasn't any revolution without sacrifice. Crypto market should survive this all.


Title: Re: Chinese money from trading crypto will become japanese
Post by: CUNÉGONDE on September 18, 2017, 09:42:35 AM
at least, Japan is friendly for cryptocoins, compare tp China.


Title: Re: Chinese money from trading crypto will become japanese
Post by: romani245 on September 18, 2017, 09:45:09 AM
Concidering all these news that come from China (ICO ban, exchanges prohibition and so on) and Japan (legit accepting of cryptocurrencies, official registration of exchanges and so on...) it's not hard to make such conclusion. What do you think?

It's not that simple. If the Chinese government were to actually prohibit their citizens from trading, then Japanese exchanges may prohibit Chinese customers. This is similar to the way ICO operators may prohibit Chinese (or American) residents, or how some exchanges, like BitMEX, do not accept US customers.

The Chinese government is powerful, and I'm not sure that regulated Japanese exchanges are just going to flout Chinese law. For now, everything is fine because only order book exchanges and ICOs are affected. But the prohibitions could worsen. I hope that the government wises up and takes the regulation/licensing route. Otherwise the world will leave them behind!


Title: Re: Chinese money from trading crypto will become japanese
Post by: Red-Apple on September 18, 2017, 12:54:31 PM
the volume coming from Japanese exchanges is already much higher than it was before and it is just rising. that is what happens when a country is more friendly towards bitcoin: the adoption speeds up.

but you can not compare it with Chinese "money" though. because the Chinese are known to just trade anything and dump it for money as fast as they can. but in Japan more real adoption is taking place than just pure trading. and that is different.


Title: Re: Chinese money from trading crypto will become japanese
Post by: noodle_dam on September 18, 2017, 01:48:18 PM
I'm glad this will become true. Soon COMSA ICO will be. It's japanese platform for ICO conducting. I suppose that they should collect great cap, may be the biggest one)) BTW everybody hates China because of their unconsistency and fake news. They should be off soon. Hooray! :)
I don't think their game of poking crypto is done yet. And they are a huge market, 1/4 of the ICO funds come from China. It would be cool if they move to Japan entirely but I think it's just temporarily until things get clear back home for them. I can see why everyone's sick of their game but it's far from over.


Title: Re: Chinese money from trading crypto will become japanese
Post by: Altcoinster on September 18, 2017, 01:54:31 PM
Yeah, all the chinese traders a moving to japanese exchanges! I mean thats not a wonder or what would you do if you country is going to ban bitcoin exchanges?
I just would move to another country, to make sure i can trade my loved bitcoins :D


Title: Re: Chinese money from trading crypto will become japanese
Post by: vithancodai on September 18, 2017, 02:03:53 PM
china ban ICOs , some exchanges has been closed , but we see it is not  effect to bitcoin 's price

today bitcoin is rising up , so fast i believe it have price $5000 end of this month


Title: Re: Chinese money from trading crypto will become japanese
Post by: CuriousGeorge on September 18, 2017, 02:08:21 PM
Concidering all these news that come from China (ICO ban, exchanges prohibition and so on) and Japan (legit accepting of cryptocurrencies, official registration of exchanges and so on...) it's not hard to make such conclusion. What do you think?
The conclusion is a lot of the money from the chinese will  be flying to the japanese  exchange which already considered as the friendly country to the cryptocurrency. and that will become the largest place to trade the bitcoin in the future. And that was the main conclusion about that.


Title: Re: Chinese money from trading crypto will become japanese
Post by: Seansky on September 18, 2017, 02:23:05 PM
Concidering all these news that come from China (ICO ban, exchanges prohibition and so on) and Japan (legit accepting of cryptocurrencies, official registration of exchanges and so on...) it's not hard to make such conclusion. What do you think?
I think we can't conclude that all bitcoin or most from chinese will be bought by Japanese, there are many other people besides them that are willing to buy at a dip so BTC supply becomes more diversified from this past bearish trend caused by news related to China. Therefore, I think that BTC won't be that easy to manipulate it's price.


Title: Re: Chinese money from trading crypto will become japanese
Post by: European Central Bank on September 18, 2017, 02:25:00 PM
Chinese people can't move significant funds out of china so they won't be heading to Japanese markets.

They send coins there now but it'll be a short window.


Title: Re: Chinese money from trading crypto will become japanese
Post by: makishart on September 18, 2017, 02:36:44 PM
I still wonder after this capital migration to japanese exchanges, how much portion does japanese exchanges have compared to all market cap in the world merged.
Seeing that japanese government seem very welcome to bitcoin and other alt, it's a good thing and will boost the grow of bitcoin unlike china.


Title: Re: Chinese money from trading crypto will become japanese
Post by: ruffles2016 on September 18, 2017, 02:39:16 PM
I completely agree. I hope money will not be forced out of japanese exchanges as well. Chinese regulation is really killing foreign bitcoin investors and I can't even imagine Chinese crypto investors are prolly worse.


Title: Re: Chinese money from trading crypto will become japanese
Post by: yura888 on September 18, 2017, 02:54:38 PM
This is logical. The Chinese authorities generally made some stupid acts. Closed the opportunity to make money


Title: Re: Chinese money from trading crypto will become japanese
Post by: alyssa85 on September 18, 2017, 03:10:24 PM
The Japanese can accommodate all exchanges. But China's actions is just the beginning of the struggle against crypto currencies. I think that soon this struggle will join US. Then the problems will intensify, but if not to lose faith in the future of crypto currency we can win.

The United States has legalised bitcoin, as have most western countries.

China is an autocracy, and those types of places are usually terrified of things like bitcoins. I predict that the dictatorships of the world will ban bitcoin and the free countries will use it, and the gap between the two will become larger.


Title: Re: Chinese money from trading crypto will become japanese
Post by: DigeNarrator on September 18, 2017, 03:12:22 PM
Its all politics  :D
 i am trying not to get involved in it too much as it makes us think what they want us to think


Title: Re: Chinese money from trading crypto will become japanese
Post by: Mr on September 18, 2017, 03:55:14 PM
I do not care at all. The number of people in Japan cannot be the same as China so that the volume in Japanese exchange can never big as China. Therefore, although the acceptance come from Japan is a good new, I do not expect the Japan can influent the price of bitcoin like Chinese used to do


Title: Re: Chinese money from trading crypto will become japanese
Post by: bitorama on September 18, 2017, 03:59:20 PM
so we need more japanese miners because china may plan to shut down mining someday


Title: Re: Chinese money from trading crypto will become japanese
Post by: cotton ball on September 18, 2017, 04:08:43 PM
Concidering all these news that come from China (ICO ban, exchanges prohibition and so on) and Japan (legit accepting of cryptocurrencies, official registration of exchanges and so on...) it's not hard to make such conclusion. What do you think?

What amazes me is that Japan is always drowning when the world's crypto conditions or even china return to normal, their market promotion seems not serious globally, I do not even see the news that Japan is the center of the Asian market as long as the PBOC froze all crypto trading markets in china.

If many volumes eventually get there, it's time they are consistent to maintain momentum, and that would be good for volume transition especially for users in Asia.


Title: Re: Chinese money from trading crypto will become japanese
Post by: Poink on September 19, 2017, 06:24:12 PM
All for the best.  Less drama...hate dealing with prima donnas.

Besides, most trust the Japanese more than Chinese anyway.  China's advantage is their population...now if India becomes more crypto involved... ;)


Title: Re: Chinese money from trading crypto will become japanese
Post by: anasso on September 19, 2017, 06:35:31 PM
70% of mining pools are chinese!!!

what will happen? if china government decide to turn off mining farms?

is the end of bitcoin?


Title: Re: Chinese money from trading crypto will become japanese
Post by: Poink on September 19, 2017, 06:40:04 PM
70% of mining pools are chinese!!!

what will happen? if china government decide to turn off mining farms?

is the end of bitcoin?

Japan is building their mining factories...not sure why USA is not doing it.

https://qz.com/1071926/japans-gmo-internet-group-plans-a-300-million-investment-in-bitcoin-mining/


Title: Re: Chinese money from trading crypto will become japanese
Post by: romani245 on September 19, 2017, 06:55:09 PM
The Japanese can accommodate all exchanges. But China's actions is just the beginning of the struggle against crypto currencies. I think that soon this struggle will join US. Then the problems will intensify, but if not to lose faith in the future of crypto currency we can win.

The United States has legalised bitcoin, as have most western countries.

China is an autocracy, and those types of places are usually terrified of things like bitcoins. I predict that the dictatorships of the world will ban bitcoin and the free countries will use it, and the gap between the two will become larger.

Interesting take. You might be right. A week ago, I would have disagreed, but I was really taken by surprise with the exchange ban. The ICO ban could have been justified in a number of ways, but shutting down exchanges and perhaps blocking access to the network / banning mining? I hope these rumors don't come to fruition, but now it seems like all bets are off.

I'm really glad that LedgerX got CFTC approval. An ETF approval can't come soon enough now that a major geopolitical power may be declaring war on BTC.