China's Bitcoin traders already moved to Japan, forget the trouble
Good morning Steemit! This will be an only-Bitcoin post today, as there are some things i want to point out for you cryptomaniacs.
Bitcoin price is back to the point where the China rumors started. We have some heavyresistance here - we are testing the previous breakdown point (China mess) and the top trendline hangs overhead as well. Pass these and it's clear skies to 5000 again.
Bitcoin traders have moved from China to Japan, as illustrated by Cryptocompare.com. China is holding 4th place :) Thanks @iamjosephyoung (Twitter) for pointing this out. Out with the old, in with the new!
And finally - Nikkei.com reports that dozens of Japanese banks are uniting behind a new digital currency they call J Coin. J Coin would be no more volatile than the yen, since its value would mirror the Japanese currency. J Coin is expected to be fully tradable by 2020. Looking forward to this.
Source: Nikkei.com
Thanks furious
Comforting and well timed (for me at least) 🙂
That is great news, the market cap is slowly recovering the losses on the past couple of weeks.
Lets just hope a stray NK missile doesn't ruin the party
Let's
A true Bitcoin Trader is Unstoppable ;)
Wow I like how the Chinese ban really had no lasting effects... We might see another wave or two of sell offs once the exchanges actually close but I think Bitcoin has a bright future!
That's good news! The communist Chinese government, nor any other government can control this!👌🐸😁
Ha, it's like California requiring condoms in porn -- it just shifts the market somewhere else. Sucks for China....
Awesome camparison mate :D
I wonder if we'll ever see a sovereign crypto-state, kinda like....wait........who owns MCO?
Informative post... Thanks