Japanese people, here they come

[Lucius]

Anyway just because Japan does this, or does that, should not be an indicator of anything.

Fortunately, some other countries have not followed the example of Japan, which has completely underperformed in its economic strategy and has been at the top of countries for the longest time in terms of debt to GDP ratio. This information is surprising many, because they consider the Japanese to be very intelligent and smart people, but now it is obvious that from time to time they have politicians conducting very dangerous experiments in economics.

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD). After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. Unfortunately, these actions caused Japan’s debt level to skyrocket.

[1715065743]

1715065743

[1715065743]

1715065743

[1715065743]

1715065743

[1715065743]

1715065743

[1715065743]

1715065743

[1715065743]

1715065743

[dothebeats]

They are just taking advantage of the current situation. Almost everyone knows that it's always the best time to buy when everyone is doubting the capabilities of an asset to bounce back, especially bitcoin. You don't have to be from Japan to know that these opportunities are the real deal. Furthermore, we have seen bitcoin rise amid the downfalls it saw itself in, and it has done so not only once but many times. I will go so far as to call buying bitcoin on these times as common sense, as we all know where it takes us after all of these are said and done.

[oilton16]

 
will see how it go lately

[virasog]

Bitcoin not Safu haven, but People Seem to not Mind that

Not to promote this source bitbank, but according to them, the bloodbath or the recent bitcoin decline seem to be an opportunity for Japanese people to accumulate or buy more bitcoins. That is based from the number of people registering new accounts on the Japanese crypto exchange which is the bitbank.

Imagine, a 40 percent spike for the number of people is quite huge and KYC doesn't restrict that to happen. What does that mean?

For me, I know Japanese people's actions are so absolute and precise, they have huge discipline in many aspects that they take  and with regards to the recent market decline, I believe that they know what they are doing, and with that, accumulation of huge amount of cyptocurrency would be advisable for us to consider.

We all know that bitcoin is very near to halving and after every halving is a bull run for bitcoin. The current bitcoin prices are very tempting for buying it, if anyone has faith in crypto. Also these days i am hearing that carrying physical paper notes is also dangerous and this will lead to replace paper money to digital currency.
Japan was first few countries who adopted bitcoins and therefore Japanese people would not miss opportunity to buy bitcoins.

[Pamadar]

So it is the reason why the price of Bitcoin goes up recently I though that most of the people who panic sell their holding are buying it back.
I think it is a good sign for Bitcoin. The question now is if this would continue and Japan would make a big move towards crypto or Bitcoin.

In ventilating my opinion, Bitcoin will continue to rise from now despite the Coronavirus scourge till Bitcoin halving in May. It may not be a steady rise but the price won't crash what we already have seen. And if the remedy to this pandemic is found before halving that means Bitcoin price will be to the sky. I think speculators and investors are buying now on this belief.

From that point, positivity is really needed in order to hold from this current barrier, if indeed japanese people are now taking this opportunities
it will bring good impacts to this industry. Knowing how the this nations have the right discipline and attitudes they can lift the economy around crypto,
if they push it in the right directions and keep providing more investment then we will expect good outcomes after this crisis got resolved.

[fiulpro]

Everyone knows that and we are still here hanging in the forum and holding our Bitcoins.
There is actually nothing that is safe at the moment therefore I do think if someone or something is actually giving you a job and you are able to earn even a little at a time like this , then this is amazing , much better than what the government is providing.
People who are not whales and who are in the business , they stick with Bitcoins no matter what the value , it's called trust and assurance. That is why Bitcoins is so popular , because people trust it .
Soon enough it will go high again and people are just egarly waiting for a time like that .

[Yamifoud]

Japanese people come to crypto and absolutely, they love and comfortably use it.
We know how their people's behavior and it comes into economic growth, they are performing great as well. If they have to find crypto as another source of their income, I believe they make a huge investment in here and help the market bringing into another level. And I know, we need strong support from the community and makes the recovery a little bit faster than as we witness today (far from reaching back to $10k).

[noormcs5]

Japanese people come to crypto and absolutely, they love and comfortably use it.
We know how their people's behavior and it comes into economic growth, they are performing great as well. If they have to find crypto as another source of their income, I believe they make a huge investment in here and help the market bringing into another level. And I know, we need strong support from the community and makes the recovery a little bit faster than as we witness today (far from reaching back to $10k).

The whole world is facing the corona virus issue including the Japanese people. Maybe for that reason we do not see a lot of rush by the Japanese or any country people to buy bitcoins at cheap rates. People are these days more concerned about their health and do not want to buy a lot of bitcoins at the present money as the future of everything is uncertain these days.

[buwaytress]

According to every other centralised exchange or crypto business, people are flocking to them. Why wouldn't they want to drive that fomo especially in times like these when everyone is forced to spend more time online?

Japan's a Bitcoin pioneer. Mt Gox had a lot to do with it, but eventually, it's the progressiveness of that society and a longstanding will for innovation that's led them down this path. What's also really good in previous stats I've seen is that they're more holders and less speculators!

[Leonardo7]

I have been wondering what is keeping the bitcoin price up and up when I was waiting to buy low for one of my students. The Japanese have always been a major player in this space together with their South Korean counterpart.

[Reid]

Oh I love how you put all of that.
Discipline. This is one of their greatest feat.

Bitcoin is a legal money to them so it won't be a real problem unlike us who live in a place where we need to find a bitcoin accepting store in caves.  It is like an adventure just to find one.
So, because they can just use it anywhere, they will buy it without any regret at all but not a store of value.
They will spend it, yeah a larger percentage that they will.
Somehow, it is still not bad. Good circulation means something in the financial industry.