Here's some fascinating data... the charts of Bitcoin trade volume on LocalBitcoins separated by country.
Hi everybody, I just joined the mod team here and want to contribute a bit to help create more in-depth conversations and a stronger community overall. It's important to find places on the internet that have cohesiveness and fairness on all sides of the coin. (Pun intended)
So, here's one fascinating use case for BTC: Bitcoin can be a safe haven for failing national currencies (and/or hyperinflation) and we might be able to see that playing out in these charts:
http://ift.tt/1W8QWpW
Observations:
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China got the biggest spike immediately after the ICO/exchange ban/halt. In the month of August there was a ridiculous surge/spike in Australia, Brazil, Canada, Croatia, Denmark and HK.
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Countries experiencing a continual, massive volume increase in the past 1-2 months alone are Chile, Colombia, Dominican Republic, India, Iran, Kenya, Kazakhstan, Mexico, New Zealand, Nigeria, Norway, Peru, Pakistan, Philippines, Poland, Romania, Russia, Saudi Arabia, Singapore, South Africa, Sweden, Tanzania, Thailand, Turkey, Ukraine, Venezuela and Vietnam.
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Out of all these, VENEZUELA and POLAND have some of the most intense spikes for the month of October. (I know what's going on in Venezuela but anyone know what's going on in Poland?)
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The only country that doesn't seem to have any significant increase in the use of localbitcoins in the past year is Japan, probably because they accept the use of crypto with open arms.
What do you see here that stands out for you?
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