Re: Tomorrow 31th May (Japan time) will open internet giant GMO Btc trading platform
I never expected japan to be so dedicated. When i heard them adopting bitcoin as a currency i was like ok fine we will see and little increase in price, but japan became a player it added bitcoin to more than 100k stores , made freakin multiple atm in the country and now it's opening the largest trading platform also. I wish it's neighbour china was also like this.
Japan was wise to jump on the crypto tech train. In the end it is one of few countries which actually invent tech, unlike China which only copies it.
Have it this way, many of the users may missed the early adoption train but that's not the case if you think country-wise.
Japan is the early adopter of bitcoin as a country. While China was banning its usage, Japan took a step forward and actually made it legal. So does Australia. As a result, these countries will benefit most from bitcoin.
Just like people who believed in bitcoin and endured anything for years.
Their interest concerns me however. The East is way more enthusiastic about crypto than the West, every time we get a new nation to invest, we bubble and pop. I loved the rally we.just had, it was timely for me, but I cant help but think the price isn't sustainable, growing this quickly. The chart looked like a goddamed ski slope before the price started pulling back. We have to be more responsible about our growth; I like profits as much as anyone else, but unsustainable growth is well, unsustainable.
Let's face it. Japan and other South East nation is very much into bitcoin. They love bitcoin and has been pouring cash like there are no tomorrow. The unstable price of bitcoin will also be with us, no matter what. But I think the price is more stable now as compared to previous years. Let's just enjoy the ride, and if this is a bubble then let it be. Everyone should be responsible, but if profit is for us to take, then cashing out would be the only option.