Author

Topic: fiatleak.com - realtime trades into BTC per currency (Read 754 times)

sr. member
Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
Just realized something.. Isn't this zero-sum?

Transactions are 2-legged: every buy is a sell. Every BTC is at the same bought and sold.
The buyer buys BTC and sells fiat.
The seller sells BTC and buys fiat.
Indeed. Don't take the website for more than it is Smiley

Also someone said Chinese buy more than the U.S. ... Well I guess it depends on what time it is.
newbie
Activity: 20
Merit: 0
Just realized something.. Isn't this zero-sum?

Transactions are 2-legged: every buy is a sell. Every BTC is at the same bought and sold.
The buyer buys BTC and sells fiat.
The seller sells BTC and buys fiat.
newbie
Activity: 20
Merit: 0
Cool, indeed! Would be better if it showed also the movement from BTC to Fiat.
And ultimately the net result!
newbie
Activity: 3
Merit: 0
Really cool to watch.  Nice post.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
This is really cool! But I wonder why they didn't include BTC-E? It's one of the biggest exchanges, and it would probably show a lot of European activity, since it's based in Russia.
sr. member
Activity: 448
Merit: 250

If you leave it open long enough you see quite a bit a being bought by the US...

Definitely outpaced by China though...  Cry
member
Activity: 64
Merit: 10
As usual it seems Strong Money is moving from West to East; monitoring this revealed most of the BTC was being purchased by the Chinese.
sr. member
Activity: 448
Merit: 250

That is so cool to watch...  Smiley

Zerohedge wrote an article on it if anyone wants to read it:

http://www.zerohedge.com/news/2013-11-11/meet-fiatleakcom-%E2%80%93-real-time-map-bitcoin-transactions-country
sr. member
Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
fiatleak - watch the world's currencies flow into BTC in realtime

When one of the fiat currencies listed below is used to purchase BTC on any of the bitcoin markets (MT.GOX, BITSTAMP, BTCChina, Bit2c) a bitcoin is sent from the currency counter in red to the country on the map. The total BTC value is listed in green and plotted across the map.

http://fiatleak.com/
Jump to: