[2018-04-05] 14 Percent Of Japan’s Young Male Workforce Invest In Cryptocurrency

[DeadCoin]

14 Percent Of Japan’s Young Male Workforce Invest In Cryptocurrencies, Study Shows

https://cointelegraph.com/news/14-percent-of-japans-young-male-workforce-invest-in-cryptocurrencies-study-shows

A survey of male employees in Japan from ages 25-30 shows that 14 percent of the participants own cryptocurrency, according to data published April 3 by Shin R25, an online magazine for young businessmen.

4,734 men nationwide participated in the Shin R25 “Questionnaire Survey on Virtual Currency” from January 2018 to March 2018. According to the survey, over a quarter of respondents that owned crypto reported that it was their first investment experience.

Of the young Japanese male employees that own crypto, 92 percent said that they entered the crypto markets “for investment,” 37.4 percent “for the time being because it is a trend,” and 19.9 percent due to “acquaintance and media recommended information.”

In regards to the value of respondents holdings, 34.5 percent own less than 50,000 yen (about $469) of crypto, while only 10.2 percent owned 1 mln yen or more ($9,360 or more).

Investors are really growing in numbers with Crypto?

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[davis196]

14 percent of the young male is a really small percentage,and i think that this number is going to decrease,after the Japanese authorities conduct more regualtions and shut down more cryptocurrency exchange platforms.The other sad truth is that cryptocurrencies remain a "terra incognita" for the all ladies around the world(including Japan).This is a major problem and we should think about a solution.

[1Referee]

14 percent of the young male is a really small percentage,and i think that this number is going to decrease,after the Japanese authorities conduct more regualtions and shut down more cryptocurrency exchange platforms.

Nonsene. Japan itself isn't shutting down exchanges randomly. If you were up to date with the actual way of doing business there, you would know that services have to apply for a license in order to operate as exchange. If you don't meet their standards, you don't stand a chance unless you force through the required changes, it's that simple. People blame Japan for this, but they are only doing what they are supposed to do, which is making sure garbage exchanges aren't allowed to operate and mess up big time, especially after the Coincheck hack. We have to aim for quality instead of quantity, and I fully support Japan in that regard. Just look at how many shit exchanges we have operating here, it's ridiculous, where in most cases they aren't even allowed to operate in various countries. Exchanges as Yobit and HitBtc are the perfect example of that.