Which country trades the most bitcoin - page 11.

Satish147

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Quote from: stompix on August 23, 2018, 08:58:21 AM

Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.

Quated for the picture.

It's because localbitcoins reports the price in usd at the official rate bolivar/usd.
In reality, the volume far is smaller

Switching the chart from BTC to bolivars you will see the difference.

Besides, that's data only for lcoabitcoins, most people in the EU and US don't use local bitcoins but exchanges...to which Venezuelans have no access.

Recently I saw this post in telegram. I am now understanding how venuzula and Turkey are shifting towards cryptocurrency due to their fiat devaluation significantly. This thinking of people in these countries pointing us to shift towards cryptocurrencies and not depend on other country fiat currencies like USD and Euro

rapsa2018

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You also do not know where most traders in different countries all over the world think that exchangers are legit even where you live in the world as long as you have internet and gadgets.

privedvelosiped

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Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.

Venezuela has become a leader, due to the fact that there is very strong inflation. People to save their money quickly began to invest their money in bitcoin. This will really make them much richer than they are at the moment.

Kemarit

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Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.
~ snip ~

Its because Venezuelan's traded bitcoin in order for the country to survived.

(https://usethebitcoin.com/venezuelans-adopting-bitcoin-order-survive/)

What surprised me though is countries like Japan (44th) and South Korea is not on the list. I'm pretty sure that they are amongst the top 10. As for those seeing Philippines in the 30th spot, why are you surprised, the government allowed crypto and blockchain company to operate in Cagayan.

I guess we can say that this data is not that reliable to say the least. How about the trading exchanges trading volumes per 24 hours?

Astvile

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As for what i know country that trades bitcoins most are mostly in asia specialy china and japan,thats what i have read from previous article dont know if it was updated or not but that is what i know,Looking at new updated chart now are the united states,you can look for more source in the web

bitterdog

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Quote from: stompix on August 23, 2018, 08:58:21 AM

Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.

Quated for the picture.

It's because localbitcoins reports the price in usd at the official rate bolivar/usd.
In reality, the volume far is smaller

Switching the chart from BTC to bolivars you will see the difference.

Besides, that's data only for lcoabitcoins, most people in the EU and US don't use local bitcoins but exchanges...to which Venezuelans have no access.

Thank you for the information, from this picture, we can see that US and EU is dominating the bitcoin market, i think its very make a sense since the regulation of bitcoin in those country is very free.

JamesCook

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I think that the principle “win-win” is the only way to get an effective work communication. TalentSnap is a beneficial technology to everyone who is involved: for candidates and for employers. Want to buy tokens with 20-40% bonuses? Join Pre-ICO Sale Shocked

btcformula

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Venezuela is really unpredictable but a picture cant convincing. Maybe someone edited this picture.

r2d2moons

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I think USA,Russia and UK are the most traded countries in the world.They tends to taken most percentage of every ICO's that have participated

Sexie

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Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.

https://irishtechnews.ie/which-country-trades-the-most-bitcoin/amp/https://irishtechnews.ie/which-country-trades-the-most-bitcoin/amp/
IT would be Venezuela, your are right there. When they are financially unstabe , they choose bitcoin as their safe haven. I think this country just give freedom to their people to stabilised their own way of living, when the government could not be able to help their people. If bitcoin is the key of their country ‘s suffering from their poor economy then the government just not thinking of their own interest but to their people

shelemiah31

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Based on the statistics, China, USA and Russia are the countries that trade bitcoin the most.That is their economy is growing fast.More details, please make a research on this.

btccointalk

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Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.

It is China.

btccointalk

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I think USA and China are the most traded countries in the world.

Olayinka225

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I was actually thinking it is going to be the Vietnam's because you virtually see them participate in every damn ICO's. They tends to taken most percentage of every ICO's that have participated. So so surprise to see USA on the top list.

xena2

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Quote from: wtbhitlv on August 23, 2018, 08:35:22 AM

I'm sure the most traded country is China. After the ban was issued in September last year, many exchanges dealing with Chinese customers moved to other countries, but the customers were still Chinese. China also dominated the mining business. More than 70% of Bitcoins were mined in China.

I agree, it is also because China is advanced in every technology.And because of this advancement I am sure the people living in this country will surely engaged into this. And as the popularity arises this cause the banning of crypto in china. But I think Chinese people continuosly engage into bitcoin in a hidden way.

nikki4

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I am somehow and somewhat caught up to this and got interested to which are the countries that trades the most with Bitcoin. Well I was so glad to read this topic with the different answers. I have seen that the country I belong was in the number 30 in the list of the countries that trades most Bitcoin. The Bitcoin has getting more popular to this date compared to the past years it has been.

sebastianAndrei

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Quote from: stompix on August 23, 2018, 08:58:21 AM

Quote from: najdovski on August 23, 2018, 07:02:23 AM

Searching the web, looking for bitcoin news, I found an interesting infographic that shows "Which country trades the most bitcoin".
The first 3 countries were predictable, but Venezuela? I would never guess.
https://irishtechnews.ie/wp-content/uploads/2018/08/d173cec0-1d09-4b58-be12-d8a6198c7f34-14-1.jpg

These Infographics are very useful, I'm amazed that the Philippines are at the 30th spot, I thought there's only a handful of Filipinos have jumped into bitcoin and altcoins. The USA spots are nothing to be surprised and Russia they two of the most powerful and lively economy on the globe.

strongppp

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The truth is quite surprising that Venezuela appears in fourth place, this may be because people are looking for options to make money due to the internal crisis.

spyda5556

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Some pretty impressive numbers there especially considering those billions with a "B"!! and plenty of countries above 50 million. This is especially impressive since this only represents one of the many entities that people use to cash out and trade bitcoin. I think the future is bright, the future is coming and there will always be some level of resistance whenever there is a major change but eventually innovation takes over. HODL my friends HODL!!! (or sell high and buy the dips if that's your thing lol)

kucritt

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serioisly? i read the news in the internet that right now Venezuela currency is in the crisis, inflation everywhere, oh or maybe they holding bitcoin to save their asset and the value because their currencies is in inflation

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