The rise of Bitcoin in Japan
Recently on April1 , 2017 when most of the countries witness the beginning of new financial year, Japan made a big announcement by adopting Bitcoin as an official mode of payment and disclosing all the tax policies related to it. (click here to read full article in detail)
Prices of Bitcoin surged globally on all Bitcoin Exchanges and crossed INR 76000 on Unocoin, an Indian Bitcoin Exchange. On global Bitcoin exchanges, it crossed $1130 mark.
Analyst and Trade experts considers this upward movement in Bitcoin prices due to the announcement made by Japan. The experts also believe that the trend will continue and Bitcoin prices will further move upwards. This high volatility in price range of Bitcoin always creates a trading opportunities and traders make decent profit in this window.
On surveying a few Bitcoin enthusiasts in New Delhi by KrypotMoney.com, an engineering student named Aayush told Kryptomoney.com that he gained a sum of INR 10,000 by investing in Bitcoin during Dec 2016 and selling his Bitcoins in March 2017, when Bitcoin prices were at all time high.
Rohan, a 25 year old Businessman, who recently joined his family business says,” I got to know about Bitcoin in Feb 2017. After some observations, I purchased some part of bitcoin on 26 march 2017 and sold it yesterday (3/4/2017) and made a profit of Rs.1800 by investing around 20K only in just 8-9 days.”
Well, Bitcoin price charts shows that whenever there is any positive news about Bitcoin in any part of the World, the prices quickly moves up globally on all exchanges thus opening opportunity windows for traders.
If you are also interested in trading of bitcoins and gaining reasonable amount of money in short term, you must be well informed about the latest bitcoin news/updates around the world. To keep your knowledge up-to-date, do visit KryptoMoney.com regularly.
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(Also read: A list of upcoming Bitcoin-Blockchain conferences & events around the world)