Japan Leading The Way In Trade Volume
Woke up this morning, and what did I see? It wasn't a little birdie looking at me. It was a sea of green! By green I am talking about the cryptocurrency gains! Every crypto I track is gaining over 10% with the exception of VirtaCoin (VTC). Poor VTC. What is going on?
Whatever is going on in the Crypto Economy, Japan is clearly the winner! Just take a look at these infographics/charts I found on CRYPTOCOMPARE.COM.
Source Credit: CRYPTOCOMPARE.COM
We can see by the graphic above the volume leaders:
- Japan has +48% BTC Volume Share
- United States has +29% BTC Volume Share
- South Korea has +7% BTC Volume Share
- China has +6% BTC Volume Share
- Europe has +4% BTC Volume Share
Insider Trading by Jamie Dimon?
Was Jamie Dimon's comments regarding cryptocurrencies intential in order to create a bear market?
Virtual currency, where it's called a bitcoin vs. a U.S. dollar, that's going to be stopped. No government will ever support a virtual currency that goes around borders and doesn't have the same controls. It's not going to happen.
— Jamie Dimon
JP Morgan Securities did buy up a lot of Bitcoin in the European exchanges. The purchases are verifiable on a Swiss and German Exchange. Those are the ones we know about as of today. Were there other purchases? As of today we are in a bull market. Bitcoin, along with LiteCoin and Ethereum, are rallying.
Was this a correction of the cryptocurrency, or was it JP Morgan Securities seizing a moment of opportunity since it was reported that Chinese government temporarily closed trading in their Country? This isn't true China still has a BTC Volume Share of +6%. Something is rotten in Denmark.
Side Note: Chinese Investors Are Helping The Denmark CryptoWorld. Be patient, my attention deficit disorder has just kicked in. I guess it is time for a doobie and I ain't talking about the brothers.
So, this is all very informative and interesting. As usual I see a conspiracy in the making. If you have read some of my other posts, you may be familiar with my ideas on these things. My position and my response to all this interesting news is:
HODL JUST HODL!
Source Credit: giphy
I got the idea for this post from @jrcornel. He has written a very insightful article you can read by clicking the link below:
Are you new to SteemIt? If so, you may wish to check out @walkingkeys newcomers series: 30 Days Of Steemit Success. @walkingkeys has been one of the most helpful people I have engaged with on SteemIt.
Thank you for taking the time to read my post. I wish you much success and an outstanding week. Remember to hug someone today. Best therapy you could ever get.
