Post
Topic
Board Speculation
Re: Japan ends 8% consumption tax on bitcoin Today
by
iram1011
on 06/07/2017, 05:28:24 UTC
Good BOOST for monday.

The boost won't be that big. Japan still isn't the leader in trading. Also, somebody should investigate how their Bitcoin businesses are really doing.
I suspect there could be big interest in the currency but only out of curiosity and very little real use.
Even if that was the case and most business owners began accepting bitcoin as a novelty, that is the way many things begin, at first people did not know what use they will give to computers, but still many bought them, and then a market for new software and computer related products began to appear, so I think it is good news even if there is not a lot of transactions taking place at the moment.

Every breaking point in human history began with one small step. This is also the case we have to start somewhere and Japan made his move. Good is that they started more and more to accept this and more are using this to. Think that we will see major improvement in next month thin that this is still testing for bitcoin acceptance in Japan.
Correct, I would like to use my bitcoin everywhere and that everyone accept it bitcoin as payment, but in order to get to that utopia we need to begin small, some business owners will have to begin to accept bitcoin even if no one is buying with it, we as consumers need to get used to the idea that we will not be able to use it everywhere any time soon, but after some time we will get to the point that bitcoin will raise in the awareness of the people and begin to be accepted in more places.
I agree to the point that everything has to start from somewhere. Bitcoin community isn't that big in comparison to the world population as for now maybe just 0.1% of world population (approx 7 million) or less. Japan has a population of more than 125 million. As bitcoin is becoming mainstream there, users are likely to double even if 5% people from Japan get into it. This is indeed a good sign.