Bitcoin Forum

Japan has become one of the largest markets in the world for cryptocurrencies. Trading in bitcoin-Japanese yen accounted for about 57.6 percent of total bitcoin trading volume, according to CryptoCompare.

Japanese authorities recognized bitcoin as legal tender last April and require cryptocurrency exchanges to register with the government. Sixteen exchanges have done so, March 7, reported by FuninUSA.

Hong Kong-based Binance was operating in Japan through the internet without a license for a virtual currency exchange. Recently, Japan’s Financial Services Agency issued a warning Friday to major cryptocurrency exchange Binance for operating without registration in the country.

Binance CEO Changpeng Zhao confirmed receipt of the warning, tweeting: "Our lawyers called JFSA immediately, and will find a solution.” Reported in FuninUSA, Zhao has once expressed that the company tried to get a license in Japan but has decided to remove its staff from its office.

Bitcoin traded 3.4 percent lower near $8,417, according to CoinDesk at 10:20 a.m. ET. As you know, this price is nearly half the price when bitcoin hit its highest price last year.

With the stricter regulation of cryptocurrency, what do you think is the trend of bitcoin price? Also, what’s the possibility that bitcoin would become a prevalent method of payment? ???

At present, BTC should be at a low price. In the long term, BTC will also increase a lot of times, only we can hold for a long time, there will be a good profit.

Coinbase visitors fell from 170,000,000 to 63,000,000 in 3 months. Coinbase runs Bitcoin. $6,000 looks like the upper limit for Bitcoin.

I do not think we had seen the peak yet. These figures might look quite big seeing the prices from where it started but it also took 8 years to happen.

There are other counties where Bitcoin is completely legal. It's most possible that the people form countries where regulations on Bitcoin are tight move to the counterpart. However, Bitcoin hasn't reached its peak yet despite all the FUD and panic selling. Bitcoin will definitely become a method of payment for the majority in the next few years.

if many countries follow developments like japan country I think going to make bitcoin as a common means of payment. and if various countries do the approval and legalize bitcoin like bitcoin japan will have a price at the peak.

I think bitcoin has not reached its peak yet and is yet to. Considering the current regulations put forward by the US and Germany and other influential countries, bitcoin will continue gaining much popularity and I think this will go a long way help the price peak at the end of the year. I am very optimistic about this.

Not at all. With the amount of new investors coming in it won't be long until demand outweighs supply in bitcoin and once it does, it will be the driving force to drive the price even higher.

Bitcoin is at low now. But I think it’s gonna rise soon. I don't think we have reached the peak. BTC is getting more attention than ever. Its gonna result positively in long run. Warning won't affect Binance that much, rather it’s gonna get positive momentum while they set their base in Malta.

We know very well that upto this point whatever is written is all about the Japan and this country is completely in favour of the crypto currency. This is why they also managed to gather many financial ministers together and tried to have the Gobal Summit to bring the crypto currency under legal tender. Many countries accepted it too and this will impact the bitcoin prices real soon and we need to give time for that to happen.

Japan is always excelling in the crypto currency and that is why they were able to finance so many exchanger in so short period of time.


That is just temporary and as I mentioned earlier it is all about the time that we need to spend on the current and future developments of the bitcoin to push the prices upwards.


This is global question and it can be solved with different countries coming together. This is not about the single country and we cant really say anything about it until all the countries regulations comes under one roof!

I don't think so, it's only a first milestone what it reached during Dec 17.I am also confident that it will touch many more peaks in the future, what we need is patience and keep buying when it dips. That's the reason of success. I am also confident that it will make many more millionaires in the future or in the coming days.

For me, to be honest, Bitcoin hasn't reached its peak. It's just a matter of time that it's a bit shaky as it goes up and down for a while. Maybe we could expect again for btc to go higher by May or June. Just don't lose hope! Hold a little bit longer and have faith. Don't let other's confuse your mind, just do what your heart and mind wants for the first place. Just picture your goal and purpose in life.

It should make no significant difference if exchanges and other services are being targeted in Japan, because the traders will find a way to trade. We saw the same thing happening in China and the people still found ways to trade. Japan was quick to define and accept Bitcoin as a currency, but now they are making it difficult for people to trade openly.

They implemented strict regulations and also high taxes on Crypto currencies.  ???

none of the things you put in here such as Japan, Binance, regulations,... has anything to do with the actual question you are asking! and why would you even think that? bitcoin is not even adopted by enough people to call it adoption let alone mass adoption!
it has a long way ahead of it and it may take years to get there and during this time price will continue to rise. and it will only reach its "peak" when it reaches mass adoption and by then the rises will be small.

i dare say we are at only 0.1% of the journey to the top.

Yes!bitcoin has not reached it peak because it has once hit all time high of 20000$ last year 2017 and with the current price of 8400$, i think this current price does not determine it peak and obviously, bitcoin is yet to hit its peak in my opinion.

I think that bitcoin price today is legit , because when you see bitcoin market cap around 140 billion dollars and the global market cap is around 330 billion dollars so you understand that bitcoin represent around 40 % of the global market cap , remember when bitcoin hits 20 K on December 2017 his market cap was around 300 billion and the global market cap was around 1K billion dollars so bitcoin price right now is related with global investment because there is no the same amount of money of investment in cryptocurrencies , so when the investors put their money into crypto again definitely the price of almost all cryptocurrencies will go up again . Just wait till the end of this year .

I don't think that Bitcoin has reached its peak. We are still far from actual BTC price. Bitcoin price might increase thanks to wider adoption. More people might become interested in Bitcoin after it starts to be faster. Currently it is very reliable but transactions are quite expensive when there are a lot of unconfirmed transactions.

Maybe for this time being, Bitcoin price is stabilizing in $8k-$9k and I think it's all good for now as there is no reason for it to fall down to a new low or even get to a new all time high. Last year was a great year for Bitcoin's price increased and we must be thankful for that especially to those early investor that made a good profit.

I think if Segwit will go through with full implementation of Lightning Network this year then we can expect another massive increase for Bitcoin and I really believe that it will happen.

I don't think Bitcoin has reached its peak as yet, the potential for the increase in user base for the whole cryptocurrency markets is huge, and within another 3 - 5 years I think the market cap will have doubled or tripled from the current levels. Bitcoin will pass $20,000 during this period without much difficulty

I am sure the bitcoin can now control the market price to a better direction. If the market price goes up gradually, down too slowly. If the bitcoin has become the payment method is valid, it will be more of a community using bitcoin in future.

For me not yet reach its high peak but I keep in trust that soon will reach the high peak  so that all bitcoiners will going to be happy

I think also Bitcoin has not reach its price peak yet. Since its still in early stage yet for the cryptocurrency-birth and still on the stage for people to acknowledged it. If I may predict its price, maybe it will reach to $50k dollars but not this year.

Setting the limits of a currency means that the currency has become centralized.
If this happens with the Bitcoin, it will lose one of its most important features and therefore may collapse.
Attempts to regulate are attempts to regulate the process of cash out, but with increased demand for these cryptocurrencies Can be used without conversions/cashout

No,its is not because still bitcoin is not used by all the people in the world there is only about 10% of people using bitcoin.SInce the price of bitcoin is based on the demand of it so the price will be at its peak when 100% of people using it.

i don't think the regulations were exactly strict, they are usually good and in this case they seemed to be. and regulations of an altcoin exchange doesn't really affect bitcoin price. in fact if more exchanges become regulated we may see a much higher bitcoin price as more people will trust regulated exchanges than non-regulated shady ones and that trust will help them invest in bitcoin whereas they have been staying away because of lack of it.

As far I understand, that news is about legal documentation on Japan Authorities and nothing to do with bitcoin. For a few years, bitcoin dont have regulation and bitcoin price reaching $20k, and latest news that member of G20 country will issueing regulation on cyrptomarket

In my assumption, bitcoin has not yet reached it's peak where I believe this will be making a significant change in the crypto market. This current dip could have been some adjustment period of bitcoin and may somehow progress in the coming weeks which it usually does. Now could be the right time in holding your btc's and don't let your emotion be the source of your decision in selling it which is wrong thing to do. Patiently wait for the bullish run that almost everybody would wanted to happen.

I don't think one country regulation or ban will affect Bitcoin and the price currently trending is lasting for 2 months but the news you have quoted no where related to the current Bitcoin price down trend. Hopefully Bitcoin price will rise at anytime and all the negative news about it will be changes in to positive in a minute.

NO. Bitcoin is still developing and hasn't even reached half its potential, the prices are still wavering and very unstable currently coz of the red zone but BTC will reach its peak and when it does, the indicators will be visible

I read your post and I think this is not a bit alarming. Japan has always been very much open to cryptocurrencies. In fact, it has openly released several official statements in the past showing friendly stance not only toward Bitcoin but also toward other cryptocurrencies. Of course, there are laws that have to be followed for these cryptocurrency exchanges. They have to follow and abide with these laws no matter what, but these are not laws banning or strictly tightening the regulation against Bitcoin and cryptocurrencies.

No, Bitcoin has still not reached its peak. because until now bitcoin is continuously fluctuating as the hours go by, so I think that there will be more to come when it comes to the price of bitcoin. so we might as well wait for the future and hold our coins until we see the bright future of bitcoin.

I don't think it has reached it's peak. Bitcoin has the capacity to grow more. Some news these days have kept it low but it will show it's strength in the near future.

Bitcoin price has not reached it's peak. I don't think we have even begun to graze the surface of the possibilities when it comes to the price of bitcoin. There are new investors coming in everyday and there are more yet to come in and this will just help in driving the price up.

bitcoin has reached its peak price in the market last december 2017.
Bitcoin was around $19k price at that time. and the lowest point on this year was at the february.
it was around $6k price in the market.

I don't think so that bitcoin reached its peak already. It is yet to be reached. We Can't really say that it reached its peak because it is too early to speculate, I think that by the end of this year it will bounce back again and rise .I have reas in some news that it wil reach 50k usd but before that, bitcoin has to suffer the dip again.

Of course, I do not think that this is the peak of everything, again, the mood swings in bitcoin occur and this is when the difference in the future will change to an optimistic wave.

I don't think that we have reached its peak. How can somewhat measured its peak when everything is based on speculation?

It can go as high as $100K to even 1 million for all we know. So I don't think we can say that this price is the peak when it go literally increase in a matter of minutes when whales suddenly pumped the market.

And bitcoin is still in its infancy, and we even haven't mine the last of it (although we are getting closer), with that said, I don't think we have reached our peak, actually we really don't know what will be our peak to be honest.

Yes, I also believe that it will happen soon and there's a prediction bitcoin can be reached $50,000 before the end of 2018.
To get a big profits the great way is to invest in bitcoin.

the regulations may have an influence on the price of bitcoin but it is currently a cryptocurrency that despite its fluctuations is the first option of many investors, has had a strong resistance at its current price and I think that will make it less vulnerable to sharp falls , many expect a big bitcoin rise at the end of the year so they have their investments in it.

I do not think that Bitcoin prices have reached the limit, many now invest in other currencies instead of Bitcoins because they believe that Bitcoin can not grow anymore and that contrary trends and beliefs The lousy news about Bitcoin is getting bigger and bigger.

For the question of bitcoin is already reached its peak price levels then definitely you want to, has bitcoin being adopted by all the people this world or leased by half of the world population or 10% of them ? If the answer is "no" then definitely the peak price of bitcoin yet to come. I mean to say adoption level will be deciding bitcoin price level which means more demand will occur when more people will be adopting bitcoin which only decide the peak price of bitcoins.

Japan's adoption and regulation may first out of world's ~180 country. More country may follow Japan in coming days which may decide another level of demand of bitcoins. In my opinion, it is completely meaningless to call $19,800 as a peak level of bitcoin for all the times.

I think that it is not, because it has not yet been mined to its last exodus and will be mined for at least 20 years so while it is extracted it is almighty

All these rules and regulations will dump Bitcoin even more.
Bitcoin shouldn't be regulated or controlled. Governments will never accept that and will regulate it after they realized they can't stop it.
Though, the price can't be predicted due to high fluctuation that can't be explained.

There are high probabilities of bitcoin to become prevalent method of payment as there is huge demand rising day by day all over the world and especially in my country India the demand is rising at rapid speed.The trend of the bitcoin price is looking good for now as i can see the bottoming formation is almost came to end and now it's time to rise soon. I am personally planing to start long term investing plans soon by this month end.

I think this man is right.
https://blog.unocoin.com/analyst-who-predicted-bitcoins-rise-now-sees-it-hitting-300-000-400-000-fdfdd2fb01c5 (https://blog.unocoin.com/analyst-who-predicted-bitcoins-rise-now-sees-it-hitting-300-000-400-000-fdfdd2fb01c5)

For me, I think that bitcoin didnt reached its peak yet because it is still early years for cryptocurrency there are so much room for improvement and also in the following years there will more development will be made for Bitcoin and for crypto as a whole. So we can see much higher peak in the future.

I think the price of bitcoin is now low. In the past two months, the price of bitcoin has dropped from $20,000 to $8,000. I think this is only temporary. He will soon return to normal. What we need to do is to wait patiently.

It's like the ocean waves, up and down as a way of life; hopefully this volatility will start to subside and a healthy climb results.

I do not think that with the regulation of the cryptocurrency by the state, this will somehow affect the price of bitcoin.  the future may be bitcoin and will become a common payment method

Bitcoin has reached it's 2017 ath of almost 20K in December last year. It has not yet reached it's ath of this year, that will happen in December, bitcoin will the reach 30K. The price is dropping at the moment from 8K something to below 8K. That's the result of all the FUD of the last few weeks. But the IRS is giving cryptocurrencies real hard times with their statement that crypto will be considered properties that will be taxed. When all this FUD is over, the price will start increasing again.

Nobody knows the future. In my opinion, Bitcoin has a long ways to go before its done