Thu, 14 December 2017
Deutsche Bank just released a new report showing 40% of bitcoin trading is Japanese yen-dominated.
That means nearly half of all bitcoin volume is likely coming from heavily leveraged FX trading accounts owned by financially illiterate Japanese traders looking for easy money.
That's important since heavily leveraged trading can be both a benefit and a curse. You can make a fortune in minutes, but you can also lose everything just as quickly.
I'll run you through the report and caution all of you again of the real danger in the bitcoin market.