Which country trades the most bitcoin - page 7.

poldanmig

sr. member

Activity: 1372

Merit: 275

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.

in any country it might not be a problem as long as it does not harm other investors and is growing rapidly in the future

JohnHendry

newbie

Activity: 95

Merit: 0

In this list China Was garbed the number one position and still bitcoin maximum users are from china though it is now ban from there and right now we can consider Argentina.

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

it looks like the Chinese market will still dominate, as we know that there are very many miners in China
the number of miners in China is 70% of the total miners in the world, that's why they will sell large amounts of BTC every day

StrongImagine301

newbie

Activity: 69

Merit: 0

There are a lot of countries and among them as far I know China was holding the number position but after ban which country take the position is totally unknown.

classictee

jr. member

Activity: 238

Merit: 1

https://eloncity.io/

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.

I think this picture has said it all. With this the country that traded more of bitcoin is clean clear. Though the picture may not justify the real fact but atleast it gives a clear view.

cuong1610

newbie

Activity: 364

Merit: 0

I think that countries with top economic development will be the focus of many BTC deals. Example: America, China, ...

gesdan

full member

Activity: 616

Merit: 100

I don't know about the most bitcoin traders, as I know that China is the big country that mining some bitcoin, I have read in an article that there are the mining place that use many mining rig at the same time

Rkss4

jr. member

Activity: 980

Merit: 1

There are many countries such as united states of America (USA), UK, China, Canada, Australia, New Zealand, Austria, Switzerland, Italy, Japan, Spain, Ireland, Finland etc are the bitcoin friendly countries.

ongkok87

sr. member

Activity: 1120

Merit: 256

if I think that the most bitcoin trading countries are Japan, America and Russia. because the country has allowed to make payments using bitcoin and other digital currencies

Renai0925

full member

Activity: 268

Merit: 100

China is 5th? For a country who keeps on spreading FUD with ban for crypto, they sure do make a lot of them. As I have always believed, people will find ways on using bitcoin no matter what.

Ekim22

newbie

Activity: 132

Merit: 0

The are many country trades in bitcoin but the most trade in bitcoin are United States, China,Japan,and many country in Europe also.

silentgenius

newbie

Activity: 38

Merit: 0

Based on my research the most standing country is Malta which is based on cryptocurrency trading volume by legal location of exchange.Malta is an emerging crypto and BTC friendly country. It is a small country in southern Europe which has been a gambling paradise and a very welcoming country for the gambling businesses and no. 1 user today.

Cool1

member

Activity: 102

Merit: 10

As for the countries that trade the most bitcoin in the United States, South Korea, China, England, Japan etc.

monster2

jr. member

Activity: 448

Merit: 5

Many Countries are trading cryptocurrency I think it's in google try to find the most widely recorded by most traders trading on bitcoin or altcoins.

Taronet-division

newbie

Activity: 154

Merit: 0

graphically from one source, it is uncertain that these countries are here, they may be in the local bitcoin sector and trade there. maybe it's just an outline

rumexx

full member

Activity: 476

Merit: 100

The report shows that bitcoin is still gaining strength throughout the whole world.Bitcoin will surely take over the business world in the nearest future and it will be marvelous before our our eyes. The whole countries still will trade on bitcoin despite the threat of banning and regulations flying here an d there yet bitcoin will celebrate.,

visionE2

full member

Activity: 616

Merit: 118

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.

I think China get the first rank, because I know that the world's largest bitcoin mining farm is in China, but my estimates are wrong

Dizzy89

newbie

Activity: 49

Merit: 0

For a very long time, I always think the United States will always gets the node ahead others, with recent informations, I think Asian countries like China, Korea are leading the way.

bitcoindusts

sr. member

Activity: 1092

Merit: 271

But that will soon change. As Venezuela pushes for petro (the oil backed cryptocurrency powered by Ethereum), it will soon squash cryptocurrency competition which perhaps will include bitcoin.

As Venezuela tries to put stability back in its financial crisis laiden country, they are promoting the first fiat cryptocurrency and the only way it could be successful is for them to block all other cryptocurrency activity in the region. Only petros will be in circulation. Though the move actually impairs the freedom bitcoin rallied for every cryptocurrency born, it seems there is really no other way for them.

There will be a lot of revolutionary changes once petros takes place in Venezuela.

tytanhamon04

jr. member

Activity: 210

Merit: 1

A nexgen decentralized ride hailing

Frankly I thought that in the top will cost China I am surprised that I learned.

Topic: Which country trades the most bitcoin - page 7. (Read 2577 times)