Author

Topic: Global Localbitcoins Volume Charts (Read 1657 times)

legendary
Activity: 3766
Merit: 1217
June 22, 2015, 07:05:45 AM
#23
Greece definitely doesn't have much activity. I'm not sure where this hype that it was somehow Greece which sparked the previous spike in price came from. But definitely not from actual volume increase.

Yes. It seems like the Greek volumes are down. But I am still doubtful about it. Suppose, some individual in Greece purchases Bitcoins from some buyer in Russia, using Western Union as a payment option. In this case, the trade volume will show up in Russia, and not with Greece. Also it should be remembered that a lot of Greek banks are having their branches in Russia and vice-versa.
newbie
Activity: 19
Merit: 0
June 22, 2015, 06:43:39 AM
#22
Greece definitely doesn't have much activity. I'm not sure where this hype that it was somehow Greece which sparked the previous spike in price came from. But definitely not from actual volume increase.

Either way the website linked by OP is pretty nifty Smiley
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
June 22, 2015, 06:39:52 AM
#21
Where is greece? Smiley

I don't think they're very up on BTC. There's only one page of sellers https://localbitcoins.com/buy-bitcoins-online/GR/greece/# and most with some pretty archaic payment options.

And EUR exchange owners don't seem to be spotting much activity from Greece either http://www.coindesk.com/theories-greek-default-bitcoin-price-break-out/

Greeks still like their cash in the mattress above anything else.
sr. member
Activity: 289
Merit: 251
June 22, 2015, 06:10:39 AM
#20
Where is greece? Smiley
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
June 22, 2015, 05:52:10 AM
#19
At first I thought my eyes are trying to deceive me, when I saw the figures for South Africa.
There was most definitely a huge spike in the last couple of months in that country for some unknown reason.
I wonder if it was only a once off or if it is a trend that is building. Thank you OP I will most definitely keep an eye on these stats for future investment possibilities.   
sr. member
Activity: 303
Merit: 250
June 22, 2015, 04:16:05 AM
#18
amazing chart
legendary
Activity: 3248
Merit: 1070
June 22, 2015, 02:23:13 AM
#17
thx for the link .. localbitcoins is great but there are lots of scams on there

not true, but their trust system could be abused, by someone that is buying account, basically in the same as bitcointalk

for this i prefer a standard exchange to sell and buy coin, at least there are not account there, and there is no need to trust anyone, minus the exchange itself

legendary
Activity: 3766
Merit: 1217
June 21, 2015, 08:56:03 PM
#16
I think it is ok in the usa if you are careful to cover your ass.  Actually I think it is strange that authorities are targeting this so heavily.  It goes to show that big banks are buying more than just regulations.

If you are a buyer, then you might be OK. But a large number of sellers have been targeted, under money laundering laws. And it is quite difficult to remain anonymous, unless you are selling your coins for hard cash. On top of that, LBC collaborates with the authorities, giving the IPs, Profile details, mobile numbers and bank account details of the users.
sr. member
Activity: 406
Merit: 250
Bitcoin Mixer: https://BitLaunder.com
June 21, 2015, 07:07:53 PM
#15
thx for the link .. localbitcoins is great but there are lots of scams on there
hero member
Activity: 532
Merit: 500
no longer selling accounts
June 21, 2015, 05:59:44 PM
#14
Global Localbitcoins Volume Charts

http://charts.coin.dance/
USA 20k
UK 5k
Russia 2.5k
Australia 2.5k
Everywhere else: nil
Europe also has a pretty significant amount of volume.

You also need to remember that LBC often uses things like banks (for cash deposits), and services like Western Union for fiat to be transmitted to the bitcoin sellers both of which are not widely available in much of the undeveloped world.

Sure bitcoin is great for many third world countries without any major financial infrastructure, however people will first need to have ways to easily buy and sell bitcoin in order for them to take advantages of it's benefits. 
sr. member
Activity: 728
Merit: 256
June 21, 2015, 05:21:45 PM
#13
i just wondering about localbitcoins volume in china but unfortunately there is no charts of great china on that site,i really curious about it  Huh

AFAIK, China do not have a great volume on LocalBitcoins. Probably the main reason is language issue. Moreover, there are big real time exchanges in China. Hence they dont need it much either.
sr. member
Activity: 308
Merit: 250
June 21, 2015, 03:22:36 PM
#12
I got confused a bit, as they are showing the weekly volumes instead of the daily volumes. It is interesting to note that more than half of the trade volume is from the United States (BTC2,000 - 3,000 per day) despite users getting arersted there for trading using LBC. Anyway, LBC is still an infant in terms of volumes, when compared to BTC-e or Bitstamp.  Grin

I think it is ok in the usa if you are careful to cover your ass.  Actually I think it is strange that authorities are targeting this so heavily.  It goes to show that big banks are buying more than just regulations.
hero member
Activity: 742
Merit: 500
June 21, 2015, 03:10:14 PM
#11
i just wondering about localbitcoins volume in china but unfortunately there is no charts of great china on that site,i really curious about it  Huh
legendary
Activity: 1401
Merit: 1008
northern exposure
June 21, 2015, 08:25:18 AM
#10
Global Localbitcoins Volume Charts

http://charts.coin.dance/

Interesting. Where did you get this chart ? Never heard of this website www.coin.dance before. Is this yours ?

no. just found it and wanted to share.

volumes are tiny in my view. there is so much room for growth...

be sure about that, the site looks interesting, btw im curious about how it will looks like in the next months Wink

South Africa, Sweden or Russia in the las months WoW.. Smiley

i will keep an eye on this site, favorites added, just for curiosity.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
June 21, 2015, 08:21:34 AM
#9
Global Localbitcoins Volume Charts

http://charts.coin.dance/

Interesting. Where did you get this chart ? Never heard of this website www.coin.dance before. Is this yours ?

no. just found it and wanted to share.

volumes are tiny in my view. there is so much room for growth...
hero member
Activity: 784
Merit: 1000
https://youtu.be/PZm8TTLR2NU
June 21, 2015, 08:20:35 AM
#8
Global Localbitcoins Volume Charts

http://charts.coin.dance/
USA 20k
UK 5k
Russia 2.5k
Australia 2.5k
Everywhere else: nil
legendary
Activity: 3766
Merit: 1217
June 21, 2015, 07:58:27 AM
#7
Not suprise there. If you look at bitcoin infrastructure. Nodes and miners map you will see that bitcoin is quite unpopular and unknown across the globe really. You can say it is currency of the 1st world really.

Well.. as of now, Bitcoins are mostly limited to the tech savvy population, mostly residing in the developed world. It is not popular among females, pensioners, non-whites, expats, blue-collar workers.etc to name a few. It is currently limited to the first world, and it will remain so for the next few years.
legendary
Activity: 1862
Merit: 1004
June 21, 2015, 07:46:00 AM
#6
BTC-e or Bitstamp does not serve many of the countries that LBC do. LocalBitcoins alternatives like 100bit.co.in are already in place as well...

Well, apart from the main 5-6 countries (such as the United States, United Kingdom, China, Russia, Australia, Ukraine and Germany), the Bitcoin trade volumes are not significant. More than 90% of the trade occurs within the top 10 countries. That is why exchanges such as BTC-e and Bitstamp are not that serious in expanding to Asia and Latin America.
Not suprise there. If you look at bitcoin infrastructure. Nodes and miners map you will see that bitcoin is quite unpopular and unknown across the globe really. You can say it is currency of the 1st world really.
legendary
Activity: 2226
Merit: 1052
June 21, 2015, 07:33:35 AM
#5
Global Localbitcoins Volume Charts

http://charts.coin.dance/

Interesting. Where did you get this chart ? Never heard of this website www.coin.dance before. Is this yours ?
legendary
Activity: 3766
Merit: 1217
June 21, 2015, 07:03:08 AM
#4
BTC-e or Bitstamp does not serve many of the countries that LBC do. LocalBitcoins alternatives like 100bit.co.in are already in place as well...

Well, apart from the main 5-6 countries (such as the United States, United Kingdom, China, Russia, Australia, Ukraine and Germany), the Bitcoin trade volumes are not significant. More than 90% of the trade occurs within the top 10 countries. That is why exchanges such as BTC-e and Bitstamp are not that serious in expanding to Asia and Latin America.
full member
Activity: 243
Merit: 100
June 21, 2015, 06:26:52 AM
#3
Anyway, LBC is still an infant in terms of volumes, when compared to BTC-e or Bitstamp.  Grin

BTC-e or Bitstamp does not serve many of the countries that LBC do. LocalBitcoins alternatives like 100bit.co.in are already in place as well...
legendary
Activity: 3766
Merit: 1217
June 21, 2015, 06:19:59 AM
#2
I got confused a bit, as they are showing the weekly volumes instead of the daily volumes. It is interesting to note that more than half of the trade volume is from the United States (BTC2,000 - 3,000 per day) despite users getting arersted there for trading using LBC. Anyway, LBC is still an infant in terms of volumes, when compared to BTC-e or Bitstamp.  Grin
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
June 21, 2015, 03:20:49 AM
#1
Global Localbitcoins Volume Charts

http://charts.coin.dance/
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