Who is Behind the Rise of Bitcoin Over the Last Few Days?

in #bitcoin8 years ago (edited)

bitcoin-price-volume-japan.jpg

Japan is in the Bitcoin House!

I have been telling folks in the crypto trading groups for weeks that Japan was about to open a can of positive whoop ass on Bitcoin.

My peer James Clayton of the Crypto Currency Collectors Club on FB shared the graph above.

On April 1, a Bitcoin legalization bill drafted and proposed by the Japanese Financial System Council (FSC) was taken into full effect. According to The Japan Times, the bill was proposed in December of 2015 with the intent of preventing unregulated Bitcoin exchanges like Mt. Gox from mishandling user funds and operating with weak Know Your Customer (KYC) and Anti-Money Laundering (AML) systems.

Get Ready Crypto Currency has Added $3 Billion USD to its Market Cap in a Week!

That is 10% in one week. The masses are awakening. Some call this the Crypto Currency bubble, I disagree. This is a transfer of global wealth that could change the world as we know it.

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That is very interesting. People in Japan are known to be great savers, in general. Hopefully that means the cryptocurrency being bought is ending up in strong hands!

That is a great point. The Yen continues to weaken and they see an opportunity to hold and increase their wealth.

Bingo!

Or diversified into better currencies. ;)

That works too ;)

Great times ahead, today Japan tomorrow other countries...

Thanks for the info! I was wondering how the (smart) move from Japan was going to affect the volume. Very interesting :)

Notice that there is very little China volume? Just wait until withdrawals resume. Yee Haw!

Any dates on those China withdrawals?

Still nothing yet, getting kind of anxious about it.

Me too! Look forward to hear from you when it does! I will do the same if I hear it 1st

Thanks @hilarski

Wow! Thanks! Very valuable information!


Your post was mentioned in my hit parade in the following category:Congratulations @hilarski!

  • Upvotes - Ranked 10 with 304 upvotes

interesting and good research mate. must watch a give your opinion about zcash price as it is also increasing day by day.
https://steemit.com/zcash/@shaheer001/zcash-and-bitcoin-what-is-difference-between-these-two-cryptocurrency

I get a little ZCash daily from cloud mining. I think it will have a good future. I do not trade it though. I just buy and hold.

nice job and good decision.

Wait and see what India does..!!!

I look forward to it. India train coming soon.

Interesting times in the crypto realm! Wish I had a crystal ball to see 4 years into the future. =D

I will help with that since I am told I can see the future. BTS is be number one because it also boosts the power of all other crypto and crypto businesses.

Based on current trends BTS will have a market capitalization over 1 trillion USD.

BTS as in Bitshares? I don't know about that but I hope it moves to the top 10 again. It is currently #33.

Really nice post.

I hope i can reach your level one day...

Really no joke, nice timing for the post and useful indicator shared. Thank you Randy.

PS: i resteem upvote follow you

Tweeted

RandyHilarski Randy Hilarski tweeted @ 02 May 2017 - 15:58 UTC

Who is Behind the Rise of #Bitcoin Over the Last Few Days?
twitter.com/i/web/status/8… @Steemit A Can of Upside Whoop ASS!…

Disclaimer: I am just a bot trying to be helpful.

Now let's wait eagerly for them to realize how crappy BTC is for anything else than storing value. ^^

That is all I need it to be.

Sure, and many others feel the same way of course. I just meant in use-cases and potential use-cases many others are flying by bitcoin in development.

And right when you've already sold all the bitcoin for chickens

Oh No!!!

Here is a cat that thinks he is a chicken to cheer you up.

After watching how you're doing with the Steemit twitter account I tried buffer.com. First time I used this. That is super awesome. Thank you for teaching me even if that was just indirect teaching. Thanks!

This is definitely part of the upward trend but I see it crashing periodically as it marches upward!

My wife is Japaneese and she told me if you buy a camera in a shop which accepts Bitcoin you will pay tax free. As far as I know Japan is already using a similar technology for money transfer through their mobile phone since 2 years. So Bitcoin rise in Japan is not a surprise....the most interesting will be when the European and American will start to enter in. I am living in France, and my neighboor (Bank Director) told me that is bank is already investing massive in Bitcoin as reserve (Credit Agricole)