Japan now #1 in volume

[pereira4]

It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.

[RodeoX]

I guess we are a few days from the "Fucking Japanese" posts then. 

[alyssa85]

It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.

That's a good thing as long as their exchanges are regulated. Don't forget MtGox was located in Japan, and they dropped the ball in monitoring it.

[susila_bai]

It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.

It is good news as Chinese government is trying fully to downgrade the bitcoin price by taking lot of steps and regularizing the transactions and keeping track of all exchanges and limiting their transaction. Through which they are manipulating to downgrade the bitcoin price but japan and other country are ready to buy on downfall of bitcoin price and the price is getting stable.

[bamboylee]

I guess we are a few days from the "Fucking Japanese" posts then. 

If they start manipulating the price like China is doing, bet it will be. Now, I am too used swearing at china that it will take some learning curve to swear at japs  

[MadGamer]

This means nothing honestly , Quoine is currently number #1 simply because the Chinese exchanges such as Huobi and OKCoin stopped the withdrawal and some operations and It's a matter of time till they start once again and they get their places back. Logically the volume comes from the countries that has the biggest mining farms and China still that country.

[manselr]

This means nothing honestly , Quoine is currently number #1 simply because the Chinese exchanges such as Huobi and OKCoin stopped the withdrawal and some operations and It's a matter of time till they start once again and they get their places back. Logically the volume comes from the countries that has the biggest mining farms and China still that country.

China will sooner or later stop being the number 1 place in the world, they will fuck it up. People will start hating the fact that they are obviously manipulating the price everytime we got close to $1000+

Other countries have a chance to invest in mining technology and outgame them. Also, the japanese are tired of their inflationary fiat currency disaster, so they can take the lead too by accepting bitcoin and forget about government crappycoin.

Also comparing the current situation with the 2013 situation is stupid.

[just_Alice]

It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.

I haven't managed to find any information confirming that. From what I found Chinese exchanges, okcoin, Bitfinex and btcchina are still surpassing others in trading volume. I checked Bitcoin trading volume in the last 3 days and also in the last 24h.

[Blind Legs Parker]

I guess we are a few days from the "Fucking Japanese" posts then. 

Wait isn't Japan part of China?

[swogerino]

I guess we are a few days from the "Fucking Japanese" posts then.  

No not likely.
Even America respects the fact of their innovation in technology. Remember the 80's with their automotive industry. There was a movie made that I can't remember the name of right now. It was the one with either Steve Martin or John Candy one of those two.
And they are the creators of Sony and have innovative ideas coming out of every pore of their bodies so it was just a matter of time they caught on to bitcoin and will do something with it that will revolutionize the game concerning it entirely.
The only ones who will hate them for doing this would be the Chinese. It all goes back to the war that has always made them look like the inferior nation of the East.

[swogerino]

I guess we are a few days from the "Fucking Japanese" posts then. 

Wait isn't Japan part of China?

Haha. You must be thinking of Hong Kong. lol!
They were the ones under British rule at one time.

[error08]

It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.

I would like to read some articles instead of judge just from another words (no offense).
May anyone share nice article regarding this news?
More and more countries regulated bitcoin transaction and people trust it as reliable investment, lead to increase in every section, adopters, price, market cap, stability. But, we will see it, how they continue to support bitcoin and grow with it.

I guess we are a few days from the "Fucking Japanese" posts then.  

Wait isn't Japan part of China?

No, they are different countries, different path, different regulations, hopefully better than Chinese.

[tuvok007]

It seems that Japan is now #1 in volume. China will start having less and less relevancy as other countries catch up in the importance of bitcoin. When this happens, we will see how 3 figures a BTC was always as cheap as hell. The days of chinese government backed price manipulation are numbered. PBOC trick to short the market is increasingly less effective as price recovers quickly. Shorters beware.

That's a good thing as long as their exchanges are regulated. Don't forget MtGox was located in Japan, and they dropped the ball in monitoring it.

But that was ages ago, at least in crypto time. Now after the three four years is not like wild west anymore.

[darkangel11]

I guess we are a few days from the "Fucking Japanese" posts then.  

Wait isn't Japan part of China?

It almost ended up the other way round.

No, they are different countries, different path, different regulations, hopefully better than Chinese.

He was joking, why so serious?

[eternalgloom]

That's pretty good news, at least it's better than China being #1 in volume.
Where did you find these stats btw and how is it compared to the US and Europe?

[Vaccinus]

That's pretty good news, at least it's better than China being #1 in volume.
Where did you find these stats btw and how is it compared to the US and Europe?

this was before the exchange in china that freezed their funds



after they freeze it japan become number one

I guess we are a few days from the "Fucking Japanese" posts then. 

their exchange are already regulated very well, japan is always far ahead will not have the same issues as chinese

[uneng]

Now those rich chineses liking bitcoins will move themselves to Japan or any other country near to continue their operations, also foreigner guys in China will left the country to continue their operations. Maybe some guys here were right, the chineses didn't control bitcoins, but who were in China yes, not precisely chineses, it could be the japaneses or any other.

[error08]

That's pretty good news, at least it's better than China being #1 in volume.
Where did you find these stats btw and how is it compared to the US and Europe?

this was before the exchange in china that freezed their funds



after they freeze it japan become number one

I guess we are a few days from the "Fucking Japanese" posts then. 

their exchange are already regulated very well, japan is always far ahead will not have the same issues as chinese

Nice pics, link to access the website please? I would like to watch over it.
I like this Japan news so much, such as secret weapon/backup plan that supports bitcoin.
However, recent update of Japan regulations regarding cryptocurrency and exchanges may damage bitcoiners there.
https://blog.indiesquare.me/the-new-bitcoin-regulation-in-japan-worse-than-the-bitlicense-e669618d69e0#.emydhbo06
the regulation applies to those who facilitate or promote the sales or trading of virtual currencies regardless of whether they are holding customer funds. Thus, those trading facilitators are required to do KYC(Know-Your-Customers) and AML(Anti-Money-Laundering) to the users just like with centralized exchanges

[Mometaskers]

I guess we are a few days from the "Fucking Japanese" posts then. 

RawDog would probably be the first to post that.

China still have the most number of miners but i don't see any reason why the Japanese would lag behind in bitcoin use. They tend to be very tech-savvy and I expect use there to increase with the coming years. I mean, if bitcoin is accepted and have support in my rather backwards country, why not Japan?

[dearbesz1219]

I guess we are a few days from the "Fucking Japanese" posts then. 

Wait isn't Japan part of China?

Hahahaha, your making me a joke!
 How come that Japan is part of China, where did you get that information? Anyway, as we are going to look at it, Japan is something no difference in China, in terms of owning the average percentage of bitcoin, But I will keep on watching it for what will happen in the next day chapter.