as far as I know, China is trading the most bitcoin, and even then before there is a prohibition rule there. on the one hand I conclude that bitcoin is still a trade. that means bitcoin is still popular all the time.
Topic: Which country trades the most bitcoin - page 13. (Read 2577 times)
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
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
One of the country I think would be the US that would greatly be making the market of cryptos and bitcoin. It must be noted that this country will develop the whole improvement of this blockchain and most definitely they would be the ones introducing and making a profit on such.
You cannot use one data source and extrapolate an assumption that it is giving the total volume of all trades that are done in
these countries. A lot of these countries might have less "legit" exchanges and then they turn to sites like Localbitcoin to do
these trades. The picture will look a lot different, if you can add the trade volume from regulated exchanges and even some
of the trading being done on the decentralized exchanges.
these countries. A lot of these countries might have less "legit" exchanges and then they turn to sites like Localbitcoin to do
these trades. The picture will look a lot different, if you can add the trade volume from regulated exchanges and even some
of the trading being done on the decentralized exchanges.
I think China and the US will be the two most traded nations. And I was really surprised when China was ranked fifth.
I'm glad that bitcoin is still traded and is worth 1.44 billion in the number 1 country in the world USA.
Note, that the 1.44 billion $ is the trading volume from USA on localbitcoins.
This is - by far - not the overall trading volume.
You can view the daily volume here: https://data.bitcoinity.org/markets/volume/30d.
Yesterday, within 24 hours, about 160k BTC were traded (about 1.031.200.000 $ with 1 BTC being worth 6445$).
Localbitcoins trading volume is relatively small compared to those from centralized exchanges.
I'm glad that bitcoin is still traded and is worth 1.44 billion in the number 1 country in the world USA. Although the legal standpoint of it became strict and the country became strict.
Shows that despite government movement, still bitcoin remain and will remain.
Shows that despite government movement, still bitcoin remain and will remain.
China, where the bitcoin used most investment, For the reasons:
+ Chinese people are too big
+ Many projects are developed and built here
+ Many other reasons:
+ Chinese people are too big
+ Many projects are developed and built here
+ Many other reasons:
I think the biggest market for bitcoin is China, because hearing the news that prices cannot rise to the month is the Chinese market that dominates the world market. But unexpectedly the biggest transaction is in the United States. wkwkwk
china for sure before the banning , but after that the bitcoin alocation was buying by people / investor at argentina and surrounding there
well China didn't ban bitcoin trading, they banned their exchanges from working. that indeed damaged the volume that was going in bitcoin but it didn't stop it. those who wanted to buy bitcoin has been doing it elsewhere on different exchanges which doesn't show up on stats like this.
china for sure before the banning , but after that the bitcoin alocation was buying by people / investor at argentina and surrounding there
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.The first 3 countries were predictable, but Venezuela? I would never guess.
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.
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.
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
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
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