Tomorrow 31th May (Japan time) will open internet giant GMO Btc trading platform

[formajocoto]

I also haven't heard any new about it, if it is huge supposed to be a lot of people talking about it, but if it is really happened it will be great for bitcoin, more people will know bitcoin and it will caused more people to join and the price will go up, the most important now is the bitcoin popularity, if we can add the popularity then bitcoin will have a great future, and I so overwhelmed seeing Japan really take commitment about bitcoin, so many sectors started to implemented bitcoin,soon it will be a heaven for bitcoin users

If you didn't hear about it you are not that updated.
In Twitter, Reddit, in Bitcoin digital newspaper (Bitcoin telegraph etc...), even in regular media (CNBC) they talked about this, maybe not a lot, but all talked at least once about it.
The news is quite huge, but Japanese love moving under the radar if possible. So I didnt expect they emphasizing the news.
The creation of new exchange platforms it is a normal conseguence of Bitcoin legalization as a currency in Japan.

In Japan and Korea they pays Bitcoin 20% higher than us, maybe because the understood better than us, how huge this is.
Anyway Japanese "normal" people are smart investors, smarter than the average American or even European so many Japanese sometimes could even short Bitcoin.
I mean many Japanese investing in Bitcoin doesnt mean Bitcoin always growing.

And today, in perfect "sell the news" style, price is going down...

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[LFC_Bitcoin]

This could potentially be great news, a real breakthrough into mainstream adoption in Japan at least. I'm not going to get my hopes up but fingers crossed that this brings us a boost in the price.

[dunfida]

I never expected japan to be so dedicated. When i heard them adopting bitcoin as a currency i was like ok fine we will see and little increase in price, but japan became a player it added bitcoin to more than 100k stores , made freakin multiple atm in the country and now it's opening the largest trading platform also. I wish it's neighbour china was also like this.

Same here, I really didn't expect that japan do really push its view and usage of bitcoin to them and now they are creating a platform which Bitcoin is already included so this is basically a good news after all which would really adds up trader and buyers of bitcoins after that then expect price of bitcoin would be affected and rise up. Hopefully not only japan would adopt bitcoin seriously.

[iram3130]

This could potentially be great news, a real breakthrough into mainstream adoption in Japan at least. I'm not going to get my hopes up but fingers crossed that this brings us a boost in the price.

I'm seeing great dedication from all the Japanese industries towards Bitcoin. They're trying to adopt the technology in an exceptional manner. They are the tech giant and it's a great news for all of us. If every country starts adopting like Japan then everyone will understand the true power of Bitcoins in the near future.

[crazyivan]

Excellent, anything which adds to Bitcoin awareness is very welcome.

Any links for this one?

[formajocoto]

This could potentially be great news, a real breakthrough into mainstream adoption in Japan at least. I'm not going to get my hopes up but fingers crossed that this brings us a boost in the price.

I'm seeing great dedication from all the Japanese industries towards Bitcoin. They're trying to adopt the technology in an exceptional manner. They are the tech giant and it's a great news for all of us. If every country starts adopting like Japan then everyone will understand the true power of Bitcoins in the near future.

unfortunately in the near future we will be still stalling with the scaling and HF debate.
Eth and Litecoin could take the place of Bitcoin if its evolution will continue to be extremely slowly (for today's standards)

[formajocoto]

Excellent, anything which adds to Bitcoin awareness is very welcome.

Any links for this one?

Google it and also in first page if this topic maybe there's a link

[Dudeperfect]

Yes, We can expect such more exchanges in next few months. I have read that 1Broker is also opening dedicated BTC/USD platform (don't know the reason but they might not be able to handle the load on their current platform). Recent price surge also lead to little trouble at coinbase's place and I won't be surprised if there are 5 to 10 such mega exchanges within next couple of years.

[BitDane]

Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency

This is a good news for Bitcoin community .  Definitely this will have an effect to bitcoin price.  I believe we can see an increase in price right after this big exchange opened.  The reason is that there will be new user and adopter of bitcoin that will flock in to this exchange. Aside from that I am sure this big exchange have marketing and promotional strategy to entice new to bitcoin to open up and get involved in bitcoin trading.

[ActiveP]

Good news, more exchanges means more competition, and more competition means better services for the public.

If more exchanges can provide traders with a stable environment to trade in, then great. As it is, trading is already a difficult task.

The company states that trading fees are zero yen for all orders. And customers can trade twenty four seven.

Other Japanese forex brokers have also applied to operate bitcoin exchanges including kabu dot com and money partners group.

[talkbitcoin]

And today, in perfect "sell the news" style, price is going down...

after all this time i assure you that there really isn't any reason for little fluctuations like this.
a tiny dip which is smaller than $50-$100 is not really because "sell the news", it is the normal way market works. and there are a lot of things going on at the moment which makes this "big Japanese news" get lost among them.

currently at $2250 by the way at bitstamp.

[Xester]

Will this affects price?

GMO is a Japanese trading platform for Forex, Equities, Stocks and now Bitcoin, it is insured for hacker attacks and regulated by Japanese Financial Services Agency

Now this is one big news. Precisely, it would place a huge impact on bitcoins as new venue for bitcoin trading will be open in Japan for the Japanese people. Everyday bitcoin update coming from Japan are filled with excitement and I always follow it. Hope in my country the government will also declare the adoption of bitcoin.

[mirallas]

This is good news but I have not yet seen its reflection on prices. Having such news allows us to look forward to the future of BTC. I think that in the coming days will also affect prices positively

[formajocoto]

And today, in perfect "sell the news" style, price is going down...

after all this time i assure you that there really isn't any reason for little fluctuations like this.
a tiny dip which is smaller than $50-$100 is not really because "sell the news", it is the normal way market works. and there are a lot of things going on at the moment which makes this "big Japanese news" get lost among them.

currently at $2250 by the way at bitstamp.

i agree the fluctation is very little and it's impossible to say exactly why. But you know Btc today could going up, sideway or down, it went down.
Now Bitstamp is 2216$, yesterday was over 2300$.

We will see in the next days what happening. If Bitcoin will not crash, I think Ethereum will continue to grow. If Bitcoin crash, everybody go down.

[deadsilent]

I think its a pump again for bitcoin. Japan is really embracing bitcoin. I will say Japan now is one of the biggest player on bitcoin next to China. And i think they will surpass China because there's no hindrance on bitcoin in Japan unlike China. Many companies there are now accepting bitcoin including airlines.

[olliedickman]

This is good news but I have not yet seen its reflection on prices. Having such news allows us to look forward to the future of BTC. I think that in the coming days will also affect prices positively

I do not think that it will affect the price because the bitcoin prices have been increased in the recent day

[aoluain]

Has anyone visited the exchange > https://trade.z.com/uk/en/ ?

I have been over there for the last 20 minutes and I cannot see anything
about Bitcoin, I checked the "newsroom", "latest updates" and "markets" pages.

Here is a news article from 4 days ago >
https://news.bitcoin.com/japanese-internet-giant-gmo-postpones-launching-bitcoin-trading-platform-may-31/

[Kprawn]

They are traditionally a over-the-counter foreign exchange (FX) margin trading platform, and I see they are offering the same for Bitcoin, so this

might be more successful at the start, because users are more familiar with that. The zero trading fees are also a good incentive to use this

platform. I hope they will be able to launch soon, because I see international traders are welcomed. 

[Qunenin]

Not many people jump right in at the launch of these exchanges anymore.  There is a huge wall of trust that is impossible to get past these days.  When exchanges that were open for years bail and keep the cash, then not many people trust a brand new one.  It will take some time and that means supporting yourself within the site for that starting period.  That and dealing with the various pressures at the legal level.  Get past six months and an exchange might have a shot.

[Chin Cheng]

I am not sure where this news popped but a google search could not find any valid news regarding this,is it possible to provide some sort of link to verify this news so that i could make up my mind on what to do next and if this is true,the price of bitcoin can increase in the coming days.