effect of Japan on bitcoin price speculation

[Herbert2020]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

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[iqlimasyadiqa]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

you did not feel it right away. let's see now, the Japanese started as a country that adopts bitcoin. it can make other countries to adopt bitcoin interested too. it takes a long time to see any significant change, but now we have started to create a better future. a future that includes a bitcoin into a currency that is recognized by the whole world.

[jjacob]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. Increased regulation means that the government has learnt its lessons. Japan is after all the world's fourth largest economy and increased adoption in Japan is good for the world.

[ASHLIUSZ]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. Increased regulation means that the government has learnt its lessons. Japan is after all the world's fourth largest economy and increased adoption in Japan is good for the world.

Japan is a country which spends lot on research before implementation. Now here too the same has been found effective, that's the reason it's been officially accepted and regulated by the government. As one among the top economy standing for bitcoin is a positive sign of bitcoin adoption in more countries.

[Iranus]

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

I'm not sure what you're on about here.  There are quite a lot of topics about Japan, but the reason it's not completely dominating the whole forum is because it's not actually that relevant.

The amount of real adoption isn't going to be that high.  While Japan is very good at pioneering technology, the government has basically just legalised it and accepted that it has the properties of a currency, which could be said of a lot of things.  The way that it's being phrased by some people implies that stores are accepting it as if it's fiat, but in reality very few stores are actually accepting it yet.

If the price rises from it, it'll either be from adoption in the future when knowledge of this has matured and stores accept it more or it'll just be from speculation about people adopting it in the future (from people like you who are too optimistic).

[Wipro]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. Increased regulation means that the government has learnt its lessons. Japan is after all the world's fourth largest economy and increased adoption in Japan is good for the world.

Japan is a country which spends lot on research before implementation. Now here too the same has been found effective, that's the reason it's been officially accepted and regulated by the government. As one among the top economy standing for bitcoin is a positive sign of bitcoin adoption in more countries.

Japanese Government started accepting bitcoin in their country. Its because Japanese planned to tie the relationship with Russia and support bitcoin. Therefore, US Government using bitcoin via International corporates from USA and accepting bitcoin. Actually there is plan is moving fight for bitcoin to be a national currency of their sister country.

[zimmah]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

well it seems like they will keep adding positive value to bitcoin.

as far as i know, a lot of people in japan still use mostly cash for payments, so any digital payment could be huge in japan because compared to cash it's much more convenient.

[Moon_Man]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

well it seems like they will keep adding positive value to bitcoin.

as far as i know, a lot of people in japan still use mostly cash for payments, so any digital payment could be huge in japan because compared to cash it's much more convenient.

this is true. I believe japan is preparing for the 2020 olympics as they will be hosting it. foreingers coming to watch the olympics may not have japanese currency but they might have bitcoin by then.

[JariKriting]

after japan regulated bitcoin, not effect to bitcoin price
bitcoin price is stable with rank 1180 - 1220 dollar every one bitcoin
but volume transaction bitcoin in japan exchanger incraese

[illseey]

Japan's interest in Bitcoin is not because of olympics. I think it's because of power war between China and Japan.

China controls majority of Bitcoin, Japan might be want to shift the power to their country.

[BrewMaster]

this is true. I believe japan is preparing for the 2020 olympics as they will be hosting it. foreingers coming to watch the olympics may not have japanese currency but they might have bitcoin by then.

i seriously doubt this is the reason, since usually government wants the cash flow in with tourists.

but this is actually a pretty neat thing that you pointed out.
i have always said that bitcoin is the best thing when you want to travel to other countries. it is safe, you don't have to worry about exchanging your money and paying fees or paying high prices, and you can actually carry around a ridiculously large amount of money inside and outside of country without anybody knowing anything!

i can not wait to hear about stories about this by that time.

[YuginKadoya]

Japan have seen a high interest in bitcoin and have seen something that can add to their countries innovation and I love the way they really handle things and if a brand of appliances or products was made on japan I will not hesitate in purchasing those because of the sure quality it is made that is how japan has an impact for me and by accepting bitcoin I can truly say this way to go japan, well I really think bitcoin value was very affected by it and in 2018 Russia will start on accepting bitcoin more!

[lumeire]

Japan's interest in Bitcoin is not because of olympics. I think it's because of power war between China and Japan.

China controls majority of Bitcoin, Japan might be want to shift the power to their country.

Why so much politics for a currency aimed to be free from government manipulation, it's just the BTCBTCBTC and blockchain space maturing IMO. Besides, more countries getting a bigger share of the economy is always good.

[JosNekoKopa]

This fact giving some more confidence in BTC and its future. After all this is small step for BTC but big victory for mankind, over big bankers cartel, now finally folks can see how they can be strong if join in fight for their rights.
This makes BTC major enemy of banks and NWO i belive?

[European Central Bank]

i don't expect very much. japan is super cash oriented. if they're not very keen on cards then they're gonna have even less interest in bitcoin.

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. d.

there's a simple explanation for that. almost no japanese people use bitcoin, and even fewer back then. the effect it probably had in japan was to inspire the current laws.

[ekoice]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

Japan's adoption of bitcoins would definitely have an impact on bitcoins.But it would take some time to happen.

[NUFCrichard]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. Increased regulation means that the government has learnt its lessons. Japan is after all the world's fourth largest economy and increased adoption in Japan is good for the world.

Mt Gox screwed us all over, it wasn't really a Japanese specific problem.  Maybe the authorities there should/could look at it in a more negative light after the Gox fiasco, but I doubt that the Japanese people are even aware of it (anymore than we are in other countries)

Japan is a high tech and rich country, they get basically nothing from savings accounts. I expect that the next fiat currency crisis will start in Japan, so Japan seems like somewhere where they should be investing in Bitcoin. I don't think they are leaders in the field at the moment, but that could change.

[Kprawn]

I don't see any topics about this so here we go.

according to coinmarketcap.com when you sort the table based on volume, among the top 10 exchanges sorted by daily volume you can see 4 of them are BTC/JPY markets with a total of $36,444,090 volume currently for the past 24 hours.
although 3 of them have an * above them which can mean there is no fee (or some other thing) on these exchanges.

apart from high trade volume my main subject is the fact that Japan recently adopted bitcoin on a massive scale since it is now legal and a legit currency.

so what do we expect from all this in short or long term.

Just imagine what will happen if the whole of Europe or the USA declare bitcoin as a legal currency and not just as a commodity. Bitcoin will fly

if you give it wings.... but governments are holding the strings that blocks it from flying. I recently asked a popular gaming site on their position

on accepting Bitcoin as a online payment option and they said that they cannot do this until bitcoins are accepted as a legal tender. 

[amacar2]

China controls majority of Bitcoin, Japan might be want to shift the power to their country.

We can't prove that chinese are the biggest bitcoin holders but definitely they are the one with most of the mining farms. And i don't think adoption of bitcoin in Japan have any political agenda they have adopted bitcoin just because Japanese are tech lovers and they are known for their innovations.

I don't expect any big price rally but this decision can support bitcoin price at current range.

[HaXX0R1337]

I am always surprised that Bitcoin has rebounded in Japan, after the Mt Gox fiasco. Increased regulation means that the government has learnt its lessons. Japan is after all the world's fourth largest economy and increased adoption in Japan is good for the world.

The main reason i think for the spike in volume is simply because the exchanges in China cannot be trusted as they have shut their door on the user by not allowing them to withdraw and with Japan legalizing the coin people will be trading in the exchanges in japan and so is the reason we are seeing a spike in the volume .