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RE: Japan's GMO To Invest $90 Million In Cryptocurrency Mining
More reasons to love Japan. They have the best entertainment in the entier world, Best music lyrics, Best robotics and now they are getting into Japan.
Wonderful country. Great culture that welcome real progress.
I agree, I think this news alone help Bitcoin from dipping even more.
It'll do something even greater. To understand a technology you need to use it. BTC is the worst of Top 50 coins. BTC has higher than VISA Tx fees. Transaction times can even take days while Dash (and PIVX) offer 1.3 second transactions for almost 1/100th the cost. BTC has ZERO governance while many coins have built in governance structure. BTC community is toxic, full of censorship and doesn't even stick to its promises. BTC has no privacy functions. SegWit can compromise security and has done little to solve the scaling issue. Year 2017 had negative BTC merchant adoption which had NEVER occurred in any popular crypto.
BTC has no solid future roadmap. It has no Ease of use features such as user names. All these problems have already been solved by other coins and anything BTC can do, Alt can do better.
My #2 currency coin NEM is the #2 popular crypto in Japan. They are also adopting BCH. They use the blockchain and they understand what's good. It's not so much of an investmnt vehicle for the Japanese people. It's a legit currency in Japan. In fact I belive Japan would become the most fertile place of Alt-coins specially the currencies.
Also check out this guy. He makes excellent Techinical analysis posts: https://steemit.com/@haejin