One Bank Is Unsure If Any Humans Still Trade Stocks In Japan, Or Have All Moved To Bitcoin?
Interesting article explaining what Japanese traders are trading these days...
"While the wholesale disappearance of retail traders from stock markets is hardly a novel observation, it has taken on a whole new meaning in Japan, where the lack of carbon-based investors has prompted Deutsche Bank to ask if "Japan's stocks are still traded at all by humans"
"Yet while Japanese equities may no longer be interesting to local humans, the same can not be said for bitcoin, where as the same DB strategist "discovered" two weeks ago, it was mostly "Mr. Watanabe" trading the world's most popular cryptocurrency:
An 11 December Nikkei report stated that 40% of cryptocurrency trading in Oct-Nov was yen-denominated. Japanese traders have reportedly come to account for nearly half of cryptocurrency trading since China started to shut down cryptocurrency exchanges, and this is said to be widely known among industry insiders (various estimates exist). This report shows that Japanese men in their 30s and 40s who are engaged in leveraged FX trading (or who used to trade but have stopped) are driving the cryptocurrency market."
For more of this interesting article click the link below
source: zerohedge, Deutsche Bank
It seems to be the trend.
haha yes its unbelievable how fast people move to "what's hot"... Something much be in our DNA (or at least some)
very interesting. AI can trade as fast as the network allows, while we humans look for the bigger dips and spikes to be sure we aren't losing in a trade.
I think that is one of the reasons markets around the world have lost vol, the machines have figured out our patterns. ;)
Nice post friend
Thank you @aligaby89 :)
Makes sense. Japan's central bank owns @ 75% of all Japanese ETFs. Imo, cryptocurrencies couldn't exist without fiat money or manipulated markets. Cryptocurrencies are the closest thing we have to a Gold Standard & a free market.
@jbizz very good points. I agree with you about the central banks have killed the vol by steadily pumping in so much money on a regular basis. Its hard to trade things when they have the markets essentially boxed. Thanks for stopping by and commenting!