Bitcoin countries: top hotspots that use BTC - page 2.

Reid

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First of all, I appreciate the effort of the article.
Not everyone could make one. Wink

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.

TGD

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Bitcoin is very famous in our country for being scam coin due to multiple ponzi scheme here that used BTC as mode of payment. BTC suffer a stigma for being a scam coin here in the Philippines. Although many user are well educated about BTC, the majority of people here including non crypto people know BTC as scam coin. There times during 2017 that our local news reported it as scam coin which is very sad for me and my fellow Filipino crypto user.

Rafael_Carrero

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Unfortunately, my country isn't crypto firendly like most countries in the world now. Bitcoin is still associated with the shadow economy. People aren't educated about it or cryptocurrency in general.

MCobian

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America is still a country that has many Bitcoin holders, and many cities in America have become Bitcoin hotpots. So the number
of Bitcoin ATM machines in America is the most compared to other countries, based on the article I read, the number of Bitcoin ATMs
in America is around 6,000, out of a total of 8,000 Bitcoin ATMs around the world. But unfortunately the American government has
always been harsh and negative towards Bitcoin.

hatshepsut93

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I'm not sure that Bitcoin volume on p2p exchanges directly correlates with overall Bitcoin use and adoption. Some countries might have good p2p exchanges while others have bad, there can be differences in their use due to some reasons like local banking rules, competition with local centralized exchanges, legal status, maybe even differences in mentality.

Flagship11

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We cherish Bitcoin up here in the Great White North.
Thankfully its widely accepted at many places in BC. Cool

swogerino

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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.

The countries though which has the most bitcoin hodlers for me are the most intelligent countries in the world in my opinion and I am starting to do the same myself.

LFC_Bitcoin

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Bitcoin adoption is increasing worldwide, I’m from the UK & there’s hundreds of places where you can spend bitcoin. Many people see bitcoin as a store of value so don’t spend it though, speaking personally my entire net worth is in bitcoin.

Everybody has a different outlook & use for bitcoin. I use it as a hedge against inflation & the scamming fiat currency.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

Quote from: Bitcasino.io Support on September 29, 2020, 01:36:45 AM

Let us know, how popular is Bitcoin in your country?

according to the GlobalWebIndex survey in Q2 2019,
percentages of cryptocurrency users in Indonesia is around 10%-11%.
it's was on top five at that moment.
we have a clear regulation about cryptocurrency here.
our government banend crypto as a currency, but we are allowed to trade is as an asset.

kryptqnick

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It's an interesting topic, and there are various approaches to defining the hotspots that give different results. I'm surprised that Ukraine is not on these lists. There are a few crypto and blockchain courses at top universities, many local markets where Bitcoin can be exchanged for local fiat, and also some Blockchain events. And some websites actually mention Ukraine as being among the leaders. For instance, this Coindesk article says that Ukraine is leading in terms of global adoption. I don't know if this Global Crypto Adoption Index is legit and worthy of attention, but it seems to me that cryptos are quite popular in Ukraine, and have been for a while.

emrecemsan

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In my opinion, the usage of Bitcoin will increase in countries such as Argentina, Turkey, and Venezuela, where their local currency continuously depreciates, in the near future. Those who live in these countries are in constant search for protecting the value of their currency.

Honnet43

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Found a lot of interesting and useful info here. Thanks for sharing.

stompix

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Blackjack.fun

So, why is Malta a hotspot for using bitcoin other than an exchange which actually claims it holds no Malta license and is not really based in Malta?
https://cointelegraph.com/news/binance-is-not-authorized-to-operate-in-malta-financial-regulator-says

Quote from: robertjack on September 29, 2020, 05:20:37 AM

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
2. Romania

Lol, really?

Thanks, DdmrDdmr for the source.
Now, let's see...

Quote

Romania 12% of their consumer pool has been found to own at least one type of crypto, with Bitcoin being the most popular.
Spain it seems that only this market niche is favored in the country, in spite of 10% of consumers having purchased and owning some digital assets

Even assuming those numbers, which are clearly inflated, 12 out of 20 million are way lower than 10% out of 44 million.
12%, you're going to tell me than in a country where 1/3 of the population still has a problem with running water access 1 in 8 owns crypto?
There are only 23 million addresses with more than 1$ worth of BTC in them, stop with those 10% percentages, add a damn 0 before it rather than after.

lobat999

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I'm a little bit confused why Malta was included as one of the top hotspots for use of BTC as per OP's reference article? I just hope that classification don't include its preference as one of the most crypto friendly states, and currently hosting big crypto businesses such as Binance, etc..

If I'm not mistaken, being a hotspot for BTC use includes local community adoption e.g. installed BTC ATM's and having real world usage such as using it as mode of payment in a marketplace or any payment transaction and it has significant BTC holders as compared with other big countries.

I guess hosting exchanges or other crypto business alone don't qualify Malta as a top hotspot for BTC use other than for trading transactions in exchanges it is hosting. Imho.

Lorence.xD

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I can see some of the list and I am not surprised that my country did not make it in the list. Bitcoin is a really small minority in financial sector in my country. There is no traction in the government so no surprises there. Most businesses here still do banks but online payment portal and online banks is the most popular for populace and businesses alike.

dre1982

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Quote from: robertjack on September 29, 2020, 05:20:37 AM

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 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.

robertjack

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Quote from: davis196 on September 29, 2020, 06:49:09 AM

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

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.

I am Collect Data From Analysis from Google And some Other source Blog Source.

One Of Data Collect from Google Treads Search People Search 'bitcoin'

7788bitcoin

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Quote from: davis196 on September 29, 2020, 06:49:09 AM

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.

It is a problem with all the stats as it is not verifiable, there are many wallets that had a huge number of bitcoin mined during the initial stages and how they will identify which country they belong to, with exchanges and the mandatory KYC they can identify the users from different regions but i have not seen any exchange providing these kind of data.

JuSayCo

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No wonder, all those Countries in your list are really profitable and has a well-grown economy because of their legal adoption to cryptocurrencies.
As for my Country, I cant figure out how widely known this Bitcoin is and other cryptocurrency to my countrymen, despite its trend and popularity in the market. Maybe because we had the slowest internet connection in Asia and I believe that it is only known in some selected cities with stable signal and digitalized facilities. In many ways, I think my country is probably the perfect environment for the kind of decentralized revolution that Bitcoin has the great potential to enable but unfortunately, our Government refuses or maybe hesitant to crypto currency adoption, because of some negative thoughts about it and they were just being careful or should I say, they just wanted to stick with the traditional and conservative ways of fund management.

Bttzed03

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Quote from: Bitcasino.io Support on September 29, 2020, 01:36:45 AM

~ Let us know, how popular is Bitcoin in your country?

I'm not going to pull out some stats on how many of my countrymen actually uses bitcoin but I can say the popularity is growing based on the number of regulated exchanges that's operating here. It started with one and then became seven and there are more waiting in line based on this list.

Binance P2P also supports our local currency. That probably means they recognize the growing popularity of btc and crypto in our country.

Topic: Bitcoin countries: top hotspots that use BTC - page 2. (Read 730 times)