Topic: Growth markets for Bitcoin (Read 700 times)

All that data is old, OP is from 2013      I was thinking that was really nice growth data there, was making me feel bullish. dam it

I dont think its valid just to count this one source now but rate of change is fair to consider anyhow, its fairly flat from a quick view.

Bulgaria got my attention. Not because of the bitcoin qt downloads but they have the most bitcoins in the entire world. But overall going through the list, that only shows that bitcoin is touching almost every country.

Sooner or later we'll see that most of the countries have or not, there's at least someone who downloaded a bitcoin wallet or owns a bitcoin address that has an amount in it.

This may or may not be a significant basis to consider the growth of Bitcoin but good job for putting up a list with such effort. The presentation could be much improved with the use of a table with proper headings though.


Your reasons for growth potential of Bitcoin in the mentioned countries may be wrong and too narrow. What has the ability to understand the English language got to do with Bitcoin potential? Or the lassiez-faire mentality? Or the fact that Mt Gox was situated in a specific country?

Bitcoin growth was totally depends on the countries acceptance and investors. so once all the countries are accepting Bitcoin automatically they create some regulations so it will rule future economy, at the same time  price will move on slowly maybe it will rise slowly on upcoming years but it will never drop on further years so most of the countries growth also increase on further days. I hope Bitcoin will globalised soon so I am waiting for that moment.

Many people say like that, maybe it could be a phenomenon that will happen to Bitcoin, maybe next year or the following year.

From the data the OP mentioned I agree the countries with the biggest growth in Bitcoin are: "Canada, Romania, India, Greece, Australia, United Kingdom" etc.

Some of these countries specifically, have an increase in crypto users who are around 19-25 years old if viewed from the previous year's quarter, so what you mentioned has a point about the percentage% of current crypto users today.

It looks like there was a period where crypto was used by the third world nations a bit but right now it is going everywhere. People from all over the world started to see that crypto is not just a thing that you buy low and sell high, it is also a store of value and it is also something you can use as a currency. The more people learn about it this way the more we will make a profit and that is what we are aiming at right now and that is what we need as well.

I just think that it is taking too many bad stuff to happen for us to shine, I just hope that the good days would get us there eventually as well. We do not need a big market crash to realize that bitcoin could be something good, we can definitely study what it is on regular good days as well but people just don't do it I suppose.

I have seen that Lithuania has a bigger percentage of them all and that it has 12.06% I have seen in many news articles that Lithuanian's are engaging into cryptocurrency and mostly bitcoin and that they are now adopting crypto even stricter, and we can see that the percentage is increasing within the days goes by, many are mostly adopting and maybe switching to Bitcoin for a more convenient transaction and it now becomes the new normal.

Bitchick - we did a review on the best bitcoin platforms in Africa - I would love your feedback on this > https://forexsuggest.com/cryptocurrency-exchange-platforms/

This is interesting for sure.  Thanks.

Amid a price decline for Bitcoin, the currency is growing quickly in many markets. Especially in markets that have been counted as obvious markets for Bitcoin. I have calculated the growth rate for the last month in the largest 40 countries measured in Bitcoin-qt downloads according to Sourceforge.

The first number is the percentage growth the last 30 days, then the name of the country and finally the ranking in all-time qt-downloads 30 days ago on June 4th:

5.07%   World         0
12.06%   Lithuania         41
10.22%   Argentina         19
9.32%   Switzerland      20
8.90%   Mexico         29
8.54%   Portugal         28
8.45%   Brazil         16
8.37%   Hungary         36
7.57%   India         18
7.49%   Japan         38
6.54%   Hong Kong      39
6.28%   China         2
6.23%   France         11
6.17%   Singapore      40
5.99%   Bulgaria         31
5.75%   Romania         21
5.56%   Norway         25
5.45%   South Africa      34
5.34%   Italy                 14
5.30%   United Kingdom   4
5.26%   Australia         7
5.22%   Ukraine         12
5.03%   Ireland         33
5.01%   Belarus         37
4.80%   Slovakia         35
4.65%   Spain         13
4.52%   Czech Republic   26
4.45%   Russia         5
4.23%   United States      1
4.19%   Belgium         23
4.16%   Greece         32
4.13%   Canada         6
4.12%   Netherlands      9
3.96%   Sweden         15
3.79%   New Zealand      30
3.72%   Denmark         24
3.71%   Poland         8
3.38%   Germany         3
3.02%   Israel         27
3.02%   Austria         22
2.55%   Finland         17

So basically it seems that many of the markets what weren't so big before are growing a lot now. Also interesting is the fact that a lot of countries one would consider a big potential for Bitcoin like South American countries (due to inflation), East-Asian city states (due to good English-knowledge and lassiez-faire mentality), India (due to English/computer literacy and inflation) and Japan (due to high internet literacy and Mt Gox being situated there).

In other words, even though a lot of familiar markets are waning in interest atm, others are gaining and thus I predict that the Bitcoin price will rise in the future

Tiny edit: clarity/grammar