Bitcoin Forum

I read that 40 percent of BTC daily volume is Japanese and 40 of BTC is owned by whales.

If it is, this is quite scary because if anything goes PEAR SHAPED in JAPAN the market will go down even further and we do not want that to happen at all. I do think though that much of the JAPANESE volume is also created by many CHINESE who cannot do anything in CHINA because of all the bans there, so they have moved all their volume to JAPAN. This is just my theory and I do not have proof to back it, but this is just an assumption that comes from pure logic I guess. I do hope more countries get more active in the markets.

Yes, they are scary numbers. I just checked on the internet if it is true and it is true - OMG

It's not strange given the adoption levels of bitcoin in Japan. What is worrying is the 40% owned by whales because it would suppose high concentration levels, too much bitcoins in few hands.

North Korean missile fell in "Sea of Japan". Those regions are war ready. North Korea has $200,000,000 in Bitcoins and that could be funded by North Korean government.

Japan is a country with a lot of bitcoin, and there are a lot of whale whales that can affect the market price, I really believe it.

Why are people positive towards Japan? You can see that there has been a steady trend to the fact that major exchanges are leaving the jurisdiction of Japan. Everyone says they're having trouble getting their licenses. I do believe that the exchange will move to Malta. There will be more loyal conditions and bitcoin will begin to migrate towards Europe.

I disagree. Why would a Chinese goes to a Japanese exchange to do transaction? No one that I know of  did any transaction in Japan unless he has a friend there.  For a Chinese to do transaction in Japan, he needs to access the Japanese exchanges which might be blocked, and he has to understand Japanese, and verify his Identity, which might be very difficult.

The situation in China is a lot of big Chinese exchanges ( now situated in HK, or nearby foreign countries) have been blocked by greatwall, or undergone some DNS attack recently. So you need VPN or VPS to visit them. That limits the number of Chinese investors who can visit those sites.

I would say bitcoin is in safe hands then. Because Japan was the first country to make the bitcoin legal one and this is the reason why they are having most of the bitcoin in their possession. God knows, today also whatever volume we are seeing after being dropping to such low level is all because of the Japanese buying it. As they have no problem in acquiring them and people might be enjoying the freedom that was given to them by Japanese government.

Its not worrying thing because it is in regulated hands. We must not cry upon this situation as we are not seeing this much amount in the hands of china! Lolz.

It's not completely true as there are some volume in Japan that is being manipulated( volume is beeing faked), by anyway, I can't see any problem with that as Japan is a country that is friendly to bitcoin, so more and more citizens buy bitcoin because the local government supports it.
Also don't forget the payment system in Japan that gives you the ability to pay with bitcoin at almost every store in Japan.

Again this is a FUD. Why don't you people provide the source of this information ?  40 percent Japan and 40 Person Whales, So where we are left ?  All the rest of the world will fit in only 20%. That's not possible. Bitcoin is now grown and known too much that it cannot be owned and controlled by few people.

FFS learn to post a source when you make claims like that...
The only thing I could find about this was an article from January 2018 and the article itself doesn't list any sources for those numbers.

https://atozmarkets.com/news/japan-bitcoin-trading-volume-increases


40 what is owned by whales? 40%?

It is not FUD...It is a FACT
I wish it was not true but it is

40 percent of all BTC is owned by about 1000 people bright ass

It is not Fake, there are published statistics to prove it.

I doubt the correctness of your statement. However, I am actually glad that 40% of the volumes owned by Japanese traders. They are the most systematic people in the world and known for their great sense of responsibility. So they are in safe hands. But I am actually worried about the rest 40% that are in hands of whales. They have the controlling volume and can do almost anything in the market.

However, I have a little misunderstanding about whales. Lets assume I am a whale and I own a significant amount of bitcoins. In general view, if the bitcoin price goes up, my wealth will be in billions so I would definitely want bitcoin price to go up. Why would a whale want the bitcoin price to drop? Where's profit in it?

I do not think that such a large proportion of bitcoins is concentrated in Japan. In my opinion, more of this currency is either in Europe or in the US. These areas are actively introducing bitcoin into real life

haha got a point man, japan has a big popularity in bitcoin but what is the basis of this article, we have a lot of whales and take note that most of them are not Japanese

DO YOUR RESEARCH: OVER 40 PERCENT OF  BTC DAILY VOLUME IS JAPANESE

https://www.cryptocompare.com/coins/btc/analysis/JPY

53 PERCENT

Then post a source to those statistics and stop making low-quality threads like this. Throwing a tantrum isn't going to make anyone believe what you're saying.
If I had the power to grant you negative merit, I'd do so immediately for this thread.

Edit:


Fair enough, but you could have posted that in the OP.

1000 Whales. The point is Japan an the whales run this game.
Also Tether are involved for the moment until the DOJ take them out

It was posted prior to your post bright ass

Yes because many bitcoin users are in Japan and popular there, the Japanese government that supports bitcoin affects people to join bitcoin. that is why japan is very influential to bitcoin.

I thought it was common knowledge and then people started to post that they do not believe it

This is not scary since Japanese government are supporting the used of cryptocurrency besides that, I will more trust on Japanese rather than Chinese whales since Chinese are dirty players in trading rather than Japan. They are trying to fully adopt bitcoin that's why they are holding that huge volume of BTC. We must thanks them because they are the one who saves bitcoin when Chinese investors flip their BTC.

It might be common knowledge that Japan makes up for a big part of the Bitcoin trading volume, but once you start to post actual statistics, they always have to be accompanied by a source for those numbers.
You see it in this thread, you said 40% while it was actually 53%. This could have been avoided if you had just added it to the OP in the first place.

Now I would like to hear from some other people what they think about the source of those numbers.
Does cryptocompare.com take all exchanges into account for those numbers?

Where is the Source? Make a post about the news there must be an accurate source so that other Bitcoin holders here are not inedible with issues that aren't obvious origin. thanks CMIIW

The Japanese are clever people. I think they know something that we do not know if we believe this 40%.
It is necessary to draw conclusions.

I think japan has secret future plan with crypto since bitcoin founder itself is from japan.
let's wait what will happen in future years

I am not surprised that people who live in Japan are interested in Bitcoin. Japan is now for its high-tech lovers, now their government is trying to regulate Bitcoin in a way which will encourage investors to trade in in their country. Other countries should follow Japan. It will be too late in the next few years, people will prefer to stay in Japan because they will feel confident there. China used to have the highest volume but it looks like due to Bitcoin ban, investors living in China moved to Japan in order to continue. These countries are quite close to each other.

yes .. i believe that, the volume reaches 40% in japan and we know the first bitcoin in japan, so it makes sense. the most important thing for me is how bitcoin can recover, so I think which country holds the bitcoin at most does not matter

Where's the source for this? If this is real I won't doubt the Japanese people as bitcoin there is legal and it's almost everywhere there.

Japanese peoples are occupy the majority of role in Bitcoin it is true. But 40 percent of the daily volume is fake or true! I don't know where to see this news because you are exactly  told the 40/40 percent it is your imagine or true. Most of the whales are ruling the crypto platform it is really accepted so we should save the crypto platform.

Japan is always a good news for Bitcoin. Even the Government has taken steps regarding Bitcoin very welcomingly. Scope of Bitcoin is pretty much certain in Japan. So, I am not surprised checking the numbers. Hope other Governments will follow the step soon.

this is FUD.when the downtrend of bitcoin in Q1 2018,more and more bad informations in bitcoin.so it's the good chance for whales.

There is a link in the posts to the statistics. You should read other posts before telling people something is imaginary: WAKE UP

So 60% of the bitcoin being sold was being distributed to the 60 + countries around the world? So if ever all of the people in these different countries will contribute just like the people in japan so  probably bitcoin price will be expensive as a luxury car display. That would be so hard to invest if that will happen. Today bitcoin price is already expensive ranging from 7k USD - 10K USD is much expensive. How much more if those people around the world will participate in investing bitcoin. Anyway i know that bitcoin owner or its admin are working also on promoting another ICO so that the bitcoin investors will jump to another crypto that will surely achieve what bitcoin has already achieve also. I guess it could be ethereum or those known crypto in the market will be next to bitcoin.

I think Japan is the country that understood that technology is important and I admire them for believing in it

Japan has already shown us that when it comes to bitcoin and adoption that they are at the fore front. The japanese know the potential of bitcoin and they support it.

The fact that 40% of BTC transactions take place in Japan is not surprising. It is a country that has always been at the forefront of new technologies and changes. It is also plausible that China's prohibitions shift trade to Japan.

In fact, due to the increased Japan Bitcoin trading volume, the nation has become the world’s leader in Bitcoin transactions. Approximately 40% of all global Bitcoin transactions are now carried out in Japan. Tokyo now is looking into the matter of consumer protection.
Japanese authorities are discussing the possibilities of protecting cryptocurrency investors from the price fluctuations. Some of the proposed measures include regulating the price or preserving the country’s reputation for innovation.

China's harsh policy to close the local bitcoin exchange market changed the global bitcoin market composition drastically. Now about 60% of bitcoin trade takes place through the Japanese market.
and the volume of bitcoin trade in Japan jumped after the enactment of the country's law that recognizes bitcoin as a legitimate means of payment.

If this is true probably Japanese citizen have already foresee that in due time Bitcoin price may recover and this is a good opportunity for them to buy more to gain more profit in the coming months. And bitcoin in Japan was commonly used to pay services, commodities and other businesses that accept online payment they adopt bitcoin as a an alternative mode of payment for Fiat.

I don't think it's surprising that Japan's daily bitcoin trading volume is 40 percent. Now Japan is the most friendly country for bitcoin, and the state has helped popularize bitcoin, allowing people to participate in it. So there are a lot of people in Japan who are involved in bitcoin.

India is not in the game anymore:

https://cryptocurrencynews.com/regulations/india-ban/?utm_source=aimtell&utm_medium=push&utm_campaign=campaign-31349

How about China ???, can we see indicators about trading's volume of countries  ???

Hope that platform like RedPulse will do that. They said their purpose is for transparent economic data and news for Asia especially China.