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Author Topic: Japan has the highest bitcoin trade volume passing usd and yuan  (Read 1219 times)
chixka000 (OP)
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August 08, 2017, 03:38:05 AM
 #1

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?
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August 08, 2017, 03:43:57 AM
 #2

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?
I'd be interested to know if Bitcoin prices are quoted in daily business news bulletins yet.

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August 08, 2017, 03:47:38 AM
 #3

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?

I guess this is to be expected from them especially when they announced few months ago that they will treat Bitcoin as a legal currency for their country and that they will have major retailers/store that will accept them as a payment method. It is just so amazing to think that even though their country is quite small in terms of geographic size, their passion/interest for crypto in general is so huge.
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August 08, 2017, 03:56:34 AM
 #4

That's not a big news, because once after legalizing bitcoin suddenly the market grew higher as more than 25000 stores started accepting bitcoin as similar to the currency. By that time itself the trading volume peaked high, so after a long journey now this has been officially announced.

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chixka000 (OP)
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August 08, 2017, 03:56:56 AM
 #5

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?

I guess this is to be expected from them especially when they announced few months ago that they will treat Bitcoin as a legal currency for their country and that they will have major retailers/store that will accept them as a payment method. It is just so amazing to think that even though their country is quite small in terms of geographic size, their passion/interest for crypto in general is so huge.

Even if in my opinion Japanese really are so weard. They never fail us to excel in most of the things that they do. Whether if it is from their culture, destructive weapons,advanced technology high intellectual capacity and now starting to dominate the crypto currency world is just another stepping stone for a Japanese
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August 08, 2017, 04:00:57 AM
 #6

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?

I guess this is to be expected from them especially when they announced few months ago that they will treat Bitcoin as a legal currency for their country and that they will have major retailers/store that will accept them as a payment method. It is just so amazing to think that even though their country is quite small in terms of geographic size, their passion/interest for crypto in general is so huge.

Even if in my opinion Japanese really are so weard. They never fail us to excel in most of the things that they do. Whether if it is from their culture, destructive weapons,advanced technology high intellectual capacity and now starting to dominate the crypto currency world is just another stepping stone for a Japanese
Japan were too advamced now that they will not let to miss the advancement of cryptocurrencies the mere fact that Japan is into making things easier and convenient they will really put attention into cryptos since they were already implementing btc as mode of payment legally.

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August 08, 2017, 04:02:43 AM
 #7

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?

where do you get this data from?
i only know 2 tools: coinmarketcap which is excluding the JPY markets, and in that list there is only 1 exchange with 0 fees and a high volume.
and also this: https://data.bitcoinity.org/markets/volume/30d?c=c&t=b
which is showing JPY to be 9.55% of total while USD is 56.78% of total volume.

also what do you mean by "Stock exchange Japan"? are you by any chance talking about the xcoin (Click Security) which is a forex exchange?

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August 08, 2017, 04:03:57 AM
 #8

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?

Because Japan did full accepted the potential of Bitcoin even their own government supports it so with this no doubt that Bitcoin's bloom there is like a cherry blossom season.



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August 08, 2017, 04:19:25 AM
 #9

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?
Japan has already declared bitcoin as legal and that may be the reason behind such a huge trade. Japan is one of the leading country in leading bitcoin users. Even china may have been such due to its high population and also high availability of technology. japan was not at least expected by me to be the most efficient users in bitcoin.

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August 08, 2017, 04:29:59 AM
 #10

The Japanese government is way ahead of the game. And here we are in the US trying to keep our dollar afloat   Roll Eyes

It's crazy the kind of impact a few trade & economic laws can make on the culture and future wealth of a country.
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August 08, 2017, 04:51:25 AM
 #11

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?

Because Japan did full accepted the potential of Bitcoin even their own government supports it so with this no doubt that Bitcoin's bloom there is like a cherry blossom season.
I agree with you, Japanese market is the first market in the world to value Bitcoin and see Bitcoin as a means of payment in the country. I think this will motivate more Bitcoin users in the future
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August 08, 2017, 05:03:02 AM
 #12

Japan is having the highest volume because Bitcoin is 100% legal in that country, unlike the situation which we have in other countries such as the United States (it is not 100% legal there), Russia, China and India. And Bitcoin has risen from $1,000 per coin to $3,500 per coin solely as a result of the demand from Japan. Just imagine how much it can rise further, if China legalizes it.

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August 08, 2017, 05:04:24 AM
 #13

I'd love to hear thoughts from someone living in Japan. Is it just trading, or people are using it in groceries, subways etc.
 
The truth is always further than what it seems.
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August 08, 2017, 05:40:34 AM
 #14

I'd love to hear thoughts from someone living in Japan. Is it just trading, or people are using it in groceries, subways etc.
 
The truth is always further than what it seems.


Nope, it is not BS. We have seen reports from all over that Japan is becoming the new Bitcoin Hub. The government is also Bitcoin friendly, and this makes merchant adoption a lot easier. https://news.bitcoin.com/rollout-of-260000-bitcoin-accepting-stores-in-japan-begins/

You will see a lot more merchants coming on-board, once SegWit lock-in. The spam attacks slowed down merchant adoption, because it painted a bad picture of what Bitcoin was supposed to be.

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August 08, 2017, 05:47:10 AM
 #15

Great news. If more Asian countries follow Japan one day, the price of Bitcoin could start to sky-rocket.

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August 08, 2017, 05:48:45 AM
 #16

I'd love to hear thoughts from someone living in Japan. Is it just trading, or people are using it in groceries, subways etc.
 
The truth is always further than what it seems.

maybe not for groceries but there are a lot of shops around Japan that have started accepting bitcoin as soon as it became a legal method of payment and then a lot more started accepting bitcoin when the taxes on bitcoin payment was removed.
it is a slow process until people start using bitcoin on a wide scale, you can not expect that overnight people suddenly start spending their bitcoin all over the country.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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August 08, 2017, 06:10:43 AM
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I didn't expect anything different from Japan. This is the country that create trends in technology and fashion. So, I think in couple of years other countries will take their experience and create something their own on this base.
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August 08, 2017, 06:11:22 AM
 #18

The MtGox land rises again.

Wasn't without reason that the biggest exchange in the early days was Japanese based. They have tech in everything
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August 08, 2017, 06:11:57 AM
 #19

Just  the end of yesterdays stocks exchange japan right now is leading the market. It shows that japan was not being so quite when it comes to crypto currency. What are your thoughts about this?
Japan has officially become the world's largest bitcoin exchange market by taking over US and china.

Zero fee trading has made it possible to reach this position.

China has been pushed to third place since it has halted its BTC withdrawals in february.

Surprisingly,Poland has reached the sixth place.

We could soon expect South korea also to join the competition as bitcoin has to be soon legalized in south korea.
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August 08, 2017, 06:43:24 AM
 #20

It looks that the country of Japan is taking a serious steps toward bitcoin and it reflected in the volume of trades in bitcoin and i think that it will have a bigger volume in the future because we all know that Japan is one of the newest country that made bitcoin as a fully legal currency in their country and that is the advantage of the pioneers because they can really enjoy the benefits of bitcoin like huge increase on their investment for the recent price pumps.
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