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Japan Could Have More Than 3 Million Cryptocurrency Traders (coindesk.com)
According to Japan's Financial Services Agency (FSA), the country has at least 3.5 million individuals that are trading with cryptocurrencies as actual assets. "Among them, crypto investors in their 20s, 30s and 40s make up a major share, accounting for 28, 34, and 22 percent, respectively, of the total crypto trader population in Japan," reports CoinDesk. From the report: Announced at the first meeting of a cryptocurrency exchange study group established by the FSA in early March, the data release marks the latest effort by the financial watchdog in bringing greater transparency to the industry following a recent hack of one of the domestic exchange Coincheck. According to the FSA, the study and disclosure of the domestic trading statistics is a first step towards a more comprehensive examination over institutional issues in the cryptocurrency trading space in Japan. In comparison, the financial regulator also disclosed in the latest report that the number of traders investing in cryptocurrency margins and futures is about 142,842 as of the end of March. What's perhaps notable is the major contrast in the growth of yearly trading volume drawn to these two different types of investments. According to the FSA's data, for example, yearly trading volume of the actual bitcoin cryptocurrency has grown from $22 million as of Mar. 31 in 2014 to $97 billion in 2017. Yet at the same time, trading on margins, credit and futures of bitcoin as an underlying asset has surged from only $2 million in 2014 to a whopping $543 billion just in 2017 alone, the agency said.
Japan has about 1.8% of the world's population. The quote oft attributed to P.T. Barnum is that there's a sucker born every minute, which would suggest that about 9,500 are born each year in Japan. Thus this would represent more than 300 years supply of suckers. Perhaps they import them to make up the numbers.
If intelligent life is too complex to evolve on its own, who designed God?
Not surprising, since they advertise bitcoin on the train and billboards all over the place.
"First they came for the slanderers and i said nothing."
Seriously.. how does this article able to display the age of the traders? How did they gain this information? How was it correlated? Did the traders consent this as public information?
Are any of them trading with cryptocurrency as currency? Or are they just tossing it back and forth as 'assets.'
It can't be a currency unless the value stabilizes. If it's an 'investment' it's a poor idea to use it for a currency.
Because a few loud mouths spent all their savings on this fraud and want to get their money back.
Because the supply of crypto miners is limtited in part by the technical knowhow to run a mine-op, and the number of people who can do that is naturally less than the whole population. People must realize that the risks of crypto, due to fluctuations in value and lack of a solid backing, and also the inability for "monetary expansion" such as when banks may loan out up to a multiple of the amount they have on hand, notwithstanding troubles with exchanges and outright fraud, or ICOs which are scams. Eventually regulation must react and it As inevitable to expect governments to hold. The problem with the laissez-faire approach, history being full of issues of poor monetary regulation and oversight, from the crash of 1929 "Black Friday" to financial meltdowns that have caused countless problems for people to plan retirements, on the side of the general public being protected. It is ASIC game since the efficiency of GPU mining and the difficulty of cheap electicity for a mine-op.
Not once have valuations dormant in a sane range.
Father of bitcoin is Japanese. https://williamreview.com/live...
WilliamReview.com
It almost looks like a risk free investment if the Ministry of Finance hands out official certifications to all those bitcoin investment companies. And with interest rates close to zero on savings ($.48 on $100K saving) and no ROI on any other type of investments, a lot of Japanese are looking for other ways to invest their money.
Notice the 'value' is quoted in dollars? Yet these are supposed to be money.
Only not money backed by an economy, its supposed to be backed by blockchain value, with is a worthless audit trail.
Its a con. And theres no way there are 3.5 million traders in japan alone. They miht as well be trading tulip bulb futurres.
Has it always been the case that 'investors' were greedy, ignorant sheep? Or are these the same percentage as usual, the ones that pile into the latest fad and make the real investors rich? We have a messed up society where it is less effort and same reward for trading made-up numbers than starting a new business. Technical trading versus fundamentals I suppose, but it also looks a lot like gambling - I would be interested to see if the long term prospects are any better than betting on the horses! One more thing - how do bitcoin traders fill their day? How do you sufficiently fill your time enough to call this your occupation, as opposed to a well paying hobby?
With bitcoin and all other crypto currencies, the amount of money paid to "investors" equals the amount of money paid by other "investors", minus some inevitable losses, minus all the cost involved with trading. In other words, not even a zero sum game.
The safest thing is to watch them masturbate from a safe distance and keep your money in your pocket. And should you find a bank lending money for buying crypto currency, avoid that bank.
Youre such bitwhores /.
WHORES
WHORES
WHORES
Shame.
Apr. 7, Juche 107 (2018) Saturday
Japanese Reactionaries Can Never Block Advance of DPRK
Japan, vociferating about the "effectiveness" of its unilateral sanctions against the DPRK, made a decision that all foreign ships entering it should regard it a duty to make "a report on records of portcall on north Korea." It also decided to fine those concerned and inflict legal punishment such as prison sentence on them in case ships which dropped in at Korea enter ports of Japan after concealing the fact.
It is a useless act which can be made only by the islanders politically ignorant and senseless to the times.
With no desperate efforts can the Japanese reactionaries ever block the advance of the DPRK.
Japan is trying to provoke the DPRK through unilateral sanctions while following the U.S. but it is as foolish as trying to pluck a star from the sky.
We will never allow any slightest act of violating the sovereignty of the country.
The Japanese reactionaries should seriously pay heed to this warning of the DPRK.
Ri Hak Nam
Because a few loud mouths spent all their savings on this fraud and want to get their money back.
The flip side being the people who dabbled (iow 'spent' £10) on them 10 years ago, and cashed out at the end of last year for £200,000.
I suspect they're pretty happy with their choice...
Keep them bitcoin stories coming in, pappa needs a new car!!!!!!!!!!!!!
The flip side being the people who dabbled (iow 'spent' £10) on them 10 years ago, and cashed out at the end of last year for £200,000.
I suspect they're pretty happy with their choice...
Not necessarily, if they are Good People. Because bitcoin doesn't add any intrinsic value, that £199,990 gain came from other people's pockets. Some are undoubtedly fine with taking other people's money, but some are not.
the ponzi scheme always pays its engine.. thats how it spreads bro. you only pay some people alot and alot a little
Because a few loud mouths spent all their savings on this fraud and want to get their money back.
When they are working for minimum wage in their late 70's they may finally realize that they should have voted for Bernie instead of Trump.
Withdrawal problem from this crypto exchanges have caused me a lot of lost, i lost 7 bitcoin first and lost cryptocurrency worth $68000 worth again with bitrex, i was thinking ill probably have to sell my two cars to cut the lose, but a friend who got into cryptocurrency earlier than I did referred me to riotchargeback,at,tuta.io. while I was sure bent that my money was lost, to my almost surprise and shock,I got my money back . He only charge 10% after recovery ,for me that’s fair enough ,didn’t have to sell my car. You can thank me later, ill appreciate anything when you do het your lost invested cryptocurrency back.