What's the weight of Europe in today's Bitcoin market?

bitart

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Vires in Numeris

Quote from: junoreactor on December 30, 2017, 10:23:11 PM

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Interesting numbers stompix, thanks for sharing.

@bitart: do you mean Advcash or such service? Yes sadly I heard only mastercard registered in SEPA zone are available now. I heard about Epayments as an alternative, I think they deliver their service to America but i'll make sure to double check this.

One of the oldest and biggest bitcoin linked debit card provider is XAPO, but don't check it's thread here on the forum because you will only find problems and nothing about their service. They had a really wide customer base worldwide but because of the US regulations XAPO has decided to provide it's services to EU citizens only, so a lot of account has been closed. So it's understandable that XAPO has received negative feedback from a lot of users, although they provide an exceptional debit card with a good mobile wallet too. (But if you have an issue, their support is really slow (very slow), that's true, so they are good as long as you don't have any problem.)

junoreactor

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Quote from: stompix on December 30, 2017, 03:11:13 PM

Quote from: Washball on December 30, 2017, 02:41:09 PM

Europe does not have that much weight in today's bitcoin market, although you would like to see the opposite. Asia, that is China, Japan, South Korea, India etc. should not be underestimated.

Yeah, call me when those numbers will change:

GLOBAL BITCOIN NODES DISTRIBUTION
https://bitnodes.earn.com/

2   Germany   2034 (17.09%)
4   France   826 (6.94%)
5   Netherlands   574 (4.82%)

3   China   831 (6.98%)
16. Korea, Republic of (128)
26. India (54)

https://coinatmradar.com/countries/
Bitcoin ATMs by Country

United Kingdom (105 locations)
Austria (93 locations)
Spain (38 locations)

China (1 location)
India ZERO!!!

https://coinmap.org/#/world/19.80805413/65.03906250/2

So do you have any actual data to back your claims?

Interesting numbers stompix, thanks for sharing.

@bitart: do you mean Advcash or such service? Yes sadly I heard only mastercard registered in SEPA zone are available now. I heard about Epayments as an alternative, I think they deliver their service to America but i'll make sure to double check this.

bitart

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Vires in Numeris

If you have a look at prepaid or normal debit cards linked to bitcoin, Europe has a major part in the market (knowing the fact that US is out from the game, because of regulations). I won't underestimate the role of Europe in the market of bitcoin, also if we compare the possible investments, and let's say that an average person wants to invest in bitcoin, the amount to be invested is different. If, lets say, the person wants to invest a kind of money he can afford to lose, it means e.g. 1,000 EUR/year in the EU but it's not that much in the Asian region (just comparing the everyday spendings and the costs of the living).
Japan is an exception because they're already into bitcoin, so their influence is much higher now.

Pantoflascrypt017

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Last time i read i saw that the UK was planning to implement some strong tax regulations for all cryptocurrencies. They want them all to be revealed and are planning to look at ways in which they can tax peoples earnings on them effectively. I don't think this will have so much impact but it may slow down the growth slightly, more of a slow down instead of a drop i think.

Anti-Cen

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High fees = low BTC price

Quote from: Tariel on December 30, 2017, 03:54:55 PM

As far as I know, one of the factors increasing the price of bitcoin - the demand for it, Europe too has its place, there is not so little people)) Grin

Stop standing on your head, price is downwards since fees went silly as you would expect.

Japan is where all the big action is going to be coming from ! Checkout Robots and AI, See M2M or IoT
and then think why someone might had wanted to create CPU wars using Bitcoin

Roydgon

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Quote from: Washball on December 30, 2017, 02:41:09 PM

Europe does not have that much weight in today's bitcoin market, although you would like to see the opposite. Asia, that is China, Japan, South Korea, India etc. should not be underestimated. Asia is more into this kind of technology than many countries in Europe. Besides, governments in Europe are more likely to have regulations in the cryptocurrency world, which scares of big investors and the mainstream as well. All you hear in Europe is: stay away from Bitcoin, It's bubble or worse: It's a scam.

Haбyвaють пoпyляpнocтi бiткoйни i y Чexiї – нaпpиклaд, y Пpaзi вжe є кaв’яpня, дe дo oплaти пpиймaють виключнo кpиптoвaлютy. Для цьoгo викopиcтoвyєтьcя cпeцiaльнa кapтa клiєнтa, гpoшi нa кoтpy пepeвoдятьcя чepeз cпeцiaльний aвтoмaт. A в Hiммeччинi oднa фipмa xoчe пoєднaти плaтeжi кpиптoвaлютoю з тpaдицiйнoю бaнкiвcькoю cиcтeмoю i вcтaнoвити тepмiнaли для кyпiвлi бiткoйнiв. «Бaгaтo нiмeцькиx бaнкiв кaжyть, щo вoни xoчyть iнтeгpyвaти чacткoвo плaтфopмy y cвiй cepвic. Уявiть, щe тpи poки тoмy бaнки ввaжaли цe бoжeвiльним»

Anti-Cen

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High fees = low BTC price

Quote from: mrcash02 on December 30, 2017, 03:37:19 PM

Yobit dice game in your footer!

I've been watching this, wanna chat about it ?

Tariel

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As far as I know, one of the factors increasing the price of bitcoin - the demand for it, Europe too has its place, there is not so little people)) Grin

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

I was watching trades on GDAX today for BTC and you can switch between orders for BTC in
GBP/USD/EUR and they were well slow coming in for the EUR/BTC trades.

We are told that most trades for BTC come from places like Japan and Asia but Coinbase
wont's let you trade in them so why would that be i was thinking.

Well it must goes back to oil trades and the Americans trying to force others only to ever use the USD
and it becomes a tax since the big nose men get to take commission during the conversion process

Also note that Bitcoin cash (BTC) on GDAX can only be traded against USD, not GBP or even BTC
so gentlemen it looks like they have magnets under the table, trade (Gamble) with care and never
trust Coinbase who scammed me for $10

mrcash02

Interesting map, thanks

mrcash02

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Quote from: stompix on December 30, 2017, 03:11:13 PM

Quote from: Washball on December 30, 2017, 02:41:09 PM

Europe does not have that much weight in today's bitcoin market, although you would like to see the opposite. Asia, that is China, Japan, South Korea, India etc. should not be underestimated.

Yeah, call me when those numbers will change:

GLOBAL BITCOIN NODES DISTRIBUTION
https://bitnodes.earn.com/

2   Germany   2034 (17.09%)
4   France   826 (6.94%)
5   Netherlands   574 (4.82%)

3   China   831 (6.98%)
16. Korea, Republic of (128)
26. India (54)

https://coinatmradar.com/countries/
Bitcoin ATMs by Country

United Kingdom (105 locations)
Austria (93 locations)
Spain (38 locations)

China (1 location)
India ZERO!!!

https://coinmap.org/#/world/19.80805413/65.03906250/2

So do you have any actual data to back your claims?

Seems Europe has already a good influence in Crypto-Currency world. I think we misunderstood this fact because we see more eastern people on the internet trying to earn Bitcoins than western ones... In numbers I think there are many more indians, chineses, etc... involved in this world, but with low budgets, while few europeans generate a lot of impact because they invest big, higher budget. Somehow like quality/quantity comparisons...

And I believe the west (Europe) is much more hampered by regulations than the east, thanks to their local politics. There is a slight impression the east is more connected to the technology these days, while the west has the money to finance this.

stompix

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Blackjack.fun

Quote from: Washball on December 30, 2017, 02:41:09 PM

Europe does not have that much weight in today's bitcoin market, although you would like to see the opposite. Asia, that is China, Japan, South Korea, India etc. should not be underestimated.

Yeah, call me when those numbers will change:

GLOBAL BITCOIN NODES DISTRIBUTION
https://bitnodes.earn.com/

2   Germany   2034 (17.09%)
4   France   826 (6.94%)
5   Netherlands   574 (4.82%)

3   China   831 (6.98%)
16. Korea, Republic of (128)
26. India (54)

https://coinatmradar.com/countries/
Bitcoin ATMs by Country

United Kingdom (105 locations)
Austria (93 locations)
Spain (38 locations)

China (1 location)
India ZERO!!!

https://coinmap.org/#/world/19.80805413/65.03906250/2

So do you have any actual data to back your claims?

Washball

full member

Activity: 266

Merit: 151

First crypto index traded as a token!

Europe does not have that much weight in today's bitcoin market, although you would like to see the opposite. Asia, that is China, Japan, South Korea, India etc. should not be underestimated. Asia is more into this kind of technology than many countries in Europe. Besides, governments in Europe are more likely to have regulations in the cryptocurrency world, which scares of big investors and the mainstream as well. All you hear in Europe is: stay away from Bitcoin, It's bubble or worse: It's a scam.

stompix

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Activity: 2912

Merit: 6403

Blackjack.fun

Probably second to the US.
And let's not even start with that China and Asia and fake numbers on volume exchanges.
It matters where the money is and who has the money to invest.
And Europe has it not Bangladesh or India or Kiribati.

But it's hard to anticipate the impact.
First Europe is not a country, and you said Europe not the EU which is a totally different thing.
It depends a lot who will make the move. Germany or Spain or Bulgaria.
It depends how extreme this move will be.
Ban it entirely and punish it with prison time or just say play along, we don't care.

Either way I don't think that we are going to see a decision by either of the 5+ 2(!?!) G20 members representing Europe that will affect the price. For the last decade (excluding the crisis) most of the countries have been known to refrain on taking extreme measures.
I doubt bitcoin will make and exception, especially since the same view is not shared between members.

junoreactor

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Activity: 196

Merit: 109

Hi folks.
I ask the question here, any constructive response is welcome. This would be an interesting question to answer. What's the weight of Europe, today, in the global market of Bitcoin and other crypto-currencies?
Europe is apparently trying hard to regulate Bitcoin transactions ahead of 2018 G20 Buenos Aires summit.
I would like to have some hints at the possible consequences if some big regulations happen in Europe (for the record, some countries such as Ireland, UK, Malta do not agree to implement big regulations, but some others do, France for instance).

Topic: What's the weight of Europe in today's Bitcoin market? (Read 185 times)