Topic: Bitcoin countries: top hotspots that use BTC (Read 715 times)
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In developed countries almost all people use Bitcoin. Participation in the cryptocurrency market has become ubiquitous now. Some countries around the world use Bitcoin as much as:
1. Turkey is the country with the highest rate of using virtual currency.
2. China and Indonesia are next.
3. BRAZIL is also a country where a lot of people invest Bitcoin.
1. Turkey is the country with the highest rate of using virtual currency.
2. China and Indonesia are next.
3. BRAZIL is also a country where a lot of people invest Bitcoin.
The presence of currency in digital for now is still a matter of controversy in several countries, as a result the use of bitcoin in a country is not always accepted, although there are still many countries, the top hotsposts that use bitcoin such as ..
1. United States.
2.china
3. South Korea ...
Maybe in the future there will be more ... but I don't find my country listed in the top 10 ..
1. United States.
2.china
3. South Korea ...
Maybe in the future there will be more ... but I don't find my country listed in the top 10 ..
Thanks, I read the article but I still don't think it's trustworthy data, bitcoin is not a country-based currrency and anonymos. Maybe it would've been more correct to research "what countrymen hold the most bitcoin" but it's impossible to find out.
IMO since the article is from Bitidex exchange [2] it looks like they sort and gave that list by users differentiate each cites from that exchange
[1] https://bitcointalksearch.org/topic/m.55283032
[2] https://medium.com/@biditex/7-countries-with-the-most-bitcoin-hodlers-503b205d926f
Hmm..I'm very surprised too that Romania is on 2nd place and Spain on 4th of bitcoin hodlers, looks doubtful for me. What is the source of information, how did they sort them out?
That has been mentioned below his post by @DdmrDdmr [1]-snip-
IMO since the article is from Bitidex exchange [2] it looks like they sort and gave that list by users differentiate each cites from that exchange
[1] https://bitcointalksearch.org/topic/m.55283032
[2] https://medium.com/@biditex/7-countries-with-the-most-bitcoin-hodlers-503b205d926f
Hmm..I'm very surprised too that Romania is on 2nd place and Spain on 4th of bitcoin hodlers, looks doubtful for me. What is the source of information, how did they sort them out?
That has been mentioned below his post by @DdmrDdmr [1]-snip-
IMO since the article is from Bitidex exchange [2] it looks like they sort and gave that list by users differentiate each cites from that exchange
[1] https://bitcointalksearch.org/topic/m.55283032
[2] https://medium.com/@biditex/7-countries-with-the-most-bitcoin-hodlers-503b205d926f
Hmm..I'm very surprised too that Romania is on 2nd place and Spain on 4th of bitcoin hodlers, looks doubtful for me. What is the source of information, how did they sort them out?
There is much speculation about who holds the most crypto coins. Some believe that most of them are owned by large exchanges, funds or mining firms that use their position to influence the market in their favor.
list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea
10 Cities That Are Bitcoin Hotpots
Here are the 10 leading cities as of early 2020:
1. San Francisco
2. Vancouver
3. Amsterdam (Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay.)
4. Ljubljana, Slovenia
5. Tel Aviv
6. Zurich
7. Tampa, Florida
8. Buenos Aires
9. New York
10. London
Since the first block was mined in 2009
As Per Google Search Trends Data Past 5 Years Show Bitcoin Searches on Worldwide
1. Nigeria
2. Ghana
3. South Africa
4. Slovenia
5. Austria
6. Netherlands
7. Singapore
8. Switzerland
9. Australia
10. Pakistan
list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea
10 Cities That Are Bitcoin Hotpots
Here are the 10 leading cities as of early 2020:
1. San Francisco
2. Vancouver
3. Amsterdam (Amsterdam is home to mining hardware maker Bitfury and the European headquarters of payment service provider BitPay.)
4. Ljubljana, Slovenia
5. Tel Aviv
6. Zurich
7. Tampa, Florida
8. Buenos Aires
9. New York
10. London
Since the first block was mined in 2009
As Per Google Search Trends Data Past 5 Years Show Bitcoin Searches on Worldwide
1. Nigeria
2. Ghana
3. South Africa
4. Slovenia
5. Austria
6. Netherlands
7. Singapore
8. Switzerland
9. Australia
10. Pakistan
I agree that crypto will take a long time to be accepted in the whole world in many countries crypto is not legal and does not know its proper use. But if Bitcoin countries are the top hotspots that use BTC then crypto will improve a lot. Also the growth of the bitcoin industry and its huge potential for change in the economy will begin to affect the traditional financial industry. In recent times top executives from well-known financial institutions have switched jobs to join Bitcoin-based companies.
Love to see these foreign countries slowly, but surely, coming to cryptocurrency!
This is the good thing in my country. We are cryptocurrency friendly country because our government is still open for the development of crypto inside my country. We expect also that when time comes, cryptocurrency will be accepted anywhere in the globe. Making it more convenient for every people to use wherever you are in this world.
I think to make cryptocurrency accepted in all countries will take a very long time because so far there are still many countries that are truly anti-cryptocurrency, even though like that the circulation of bitcoin is still nothing that can prohibit it, only altcoins can be controlled legally.
This is the good thing in my country. We are cryptocurrency friendly country because our government is still open for the development of crypto inside my country. We expect also that when time comes, cryptocurrency will be accepted anywhere in the globe. Making it more convenient for every people to use wherever you are in this world.
Im aware that our country in Asia (preferably Philippines) aren't yet btc hotspot. Bitcoin ATMs here aren't that widely spread and less than 10 were just put up in few cities. Also, there areany rural areas here that wasn't reach new technology like this of blockchain tech.
Had a chance to visit the link. Nice to see countries who are very pro bitcoin which started the massive adoption already.
Had a chance to visit the link. Nice to see countries who are very pro bitcoin which started the massive adoption already.
Philippines is not on the list and I don't think it will be because the people who know about cryptocurrencies and bitcoin are a minority here. Also the mainstream media here already painted bitcoin in a negative light, at the same time it is very, very rare for one to see news about bitcoin here. I am not sure if I am right but I really feel that Bitcoin is really something that many Filipinos have not heard of or maybe just chose to ignore.
It's hard to believe but I think the reason is the technology we have in this country was only limited, it is limited only to those people who have an internet connection and a medium to access Bitcoin.Moreover, if something news came up it's always negative, people who use Bitcoin upon their scheme and such. Fortunately, despite having negative allegations towards Bitcoin, the government didn't impose any regulations on it. Sadly to say but apparently, people are not yet ready to embrace this technology.
A very good topic, because Bitcoin has grown so rapidly in 11 years, it makes us wonder who the top hotspots are using Bitcoin a lot.
I have no doubt that America is the country with the most Bitcoin holders, because several cities in America are quite friendly with Bitcoin.
Even some American companies save Bitcoin as reserve funds, most recently Paypal finally accepted Bitcoin. So it's no wonder that many
people argue that US president election has an effect on the price of Bitcoin.
I have no doubt that America is the country with the most Bitcoin holders, because several cities in America are quite friendly with Bitcoin.
Even some American companies save Bitcoin as reserve funds, most recently Paypal finally accepted Bitcoin. So it's no wonder that many
people argue that US president election has an effect on the price of Bitcoin.
Very good data and information, and I also saw that in many sources, almost on every continent, bitcoin is showing a good way. future prospects that are increasingly trusted by society. in the era of the pandemic bitcoin is still able to show positive points in the world.
Why is Japan not on the top list?
Is it because they are using their digital currency more than Bitcoin or any other cryptocurrencies?
Sorry, that is the first country that pops up my mind when talking about Bitcoin adoption. Then, Singapore.
Is it because they are using their digital currency more than Bitcoin or any other cryptocurrencies?
Sorry, that is the first country that pops up my mind when talking about Bitcoin adoption. Then, Singapore.
Because nobody has clear numbers, because addresses don't come with an ID, because transactions don't have the IP of the sender but of the node, because there is no real metric.
And the whole thing is stupid if an exchange is based in Lithuania but it has 99% foreign people with half of them being from the US, who is trading more, Lithuanians or Americans?
Putting a country there because some exchanges have a virtual office there is non-sense, comparing offshore countries where there ain't a single shop accepting bitcoin with others like the Czech republic and putting them ahead of it is again a sign of a superficial analysis!
Very nice topic.The country where I live right now are fully aware of bitcoin but the people here think only of how to get rich fast,I am located in Albania now and I see in websites like Craiglist which are local that people sell and buy from each other I see a lot of mining rigs being up for sale at cheap price I would say,700 EUR for a 6 GPU RX 570 rig in full working order.
That's a normal price, it's a 3 yo card worked to death out of warranty, already superseded by the 5700 last year, and above all, you realize that selling cards cheap already means they are not profitable anymore, otherway they would have already been sold or not sold at all.
Quote
list of the countries that have the most Bitcoin HODLers
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea
1. The United States
2. Romania
3. China
4. Spain
5. Japan
6. Switzerland
7. South Korea
I usually don't trust such lists,because the information can't be verified and I'm surprised that Romania is ranked at number 2 for the country that has the most Bitcoin HODLers.This is weird.There must be a reason why there are so many Bitcoin HODLers in Romania-probably due to cheap electricity for crypto mining or very liberal cryptocurrency trading regulations.
WE ACCEPT BITCOIN - that's quote generally make me happy when I see it. Sadly, In my country bitcoin is restricted however blessed enough observed that sort of notice through digital media. Meanwhile, many countries and various online stores using it, and this things will proceed. Here OP make a good move presenting us with instructive data and I trust it will be refreshed after some time.
I hate the bank system but love to use bitcoin. It's means of payment all around the globe with no limitation. One day my country may recognize it.
Don't worry there aer establishment that has been added time after time,and soon we will be seeing more of them that accept not only Bitcoin but altcoin also,it will be soon as we are now getting closer to cashless society.I hate the bank system but love to use bitcoin. It's means of payment all around the globe with no limitation. One day my country may recognize it.
WE ACCEPT BITCOIN - that's quote generally make me happy when I see it. Sadly, In my country bitcoin is restricted however blessed enough observed that sort of notice through digital media. Meanwhile, many countries and various online stores using it, and this things will proceed. Here OP make a good move presenting us with instructive data and I trust it will be refreshed after some time.
I hate the bank system but love to use bitcoin. It's means of payment all around the globe with no limitation. One day my country may recognize it.
I hate the bank system but love to use bitcoin. It's means of payment all around the globe with no limitation. One day my country may recognize it.
Bitcoin becomes so popular all over the world, there are many countries adapted this decentralized financial system because of many beneficial things that it can give good benefits for every country that is using it. As we can see, most of the countries that are listed in the top hotspots that use BTC, Those countries are all now considered as rich countries maybe because of having good and advance technology so they can easily adapt cryptocurrency.
Philippines is not on the list and I don't think it will be because the people who know about cryptocurrencies and bitcoin are a minority here. Also the mainstream media here already painted bitcoin in a negative light, at the same time it is very, very rare for one to see news about bitcoin here. I am not sure if I am right but I really feel that Bitcoin is really something that many Filipinos have not heard of or maybe just chose to ignore.
As Per Google Search Trends Data Past 5 Years Show Bitcoin Searches on Worldwide
1. Nigeria
2. Ghana
3. South Africa
4. Slovenia
5. Austria
6. Netherlands
7. Singapore
8. Switzerland
9. Australia
10. Pakistan
1. Nigeria
2. Ghana
3. South Africa
4. Slovenia
5. Austria
6. Netherlands
7. Singapore
8. Switzerland
9. Australia
10. Pakistan
I didn't expect to see a top 3 of African countries here. On the other hand it could be that bitcoin is even more stable then the local currencies.
Just checked the top 10 countries with the highest inflation:
Venezuela -2358%
Zimbabwe - 761%
Sudan - 167 %
Lebanon - 120%
Argentina - 39.2%
Suriname - 38.3%
Iran - 30.4%
Congo - 28.73%
Angola - 23.41%
Haiti -23.4%
A lot of African countries but not the one of the top3. Maybe we will see the countries of the top 10 back in the Google Search Trends within a few months/years.
Back in the day when I was selling my original BTC GPU mining cards on Amazon I had a lot of buyers from Venezuela and other countries that used forwarding companies to ship mining hardware. Distribution wise Venezuela might not be up there but from a use case standpoint I can see the citizens preferring that as opposed to their overnight worthless currency.
To this day used video cards still sell well in those listed countries as long as electricity prices are reasonable.
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