Bitcoin Forum

Economy => Speculation => Topic started by: jinni on July 04, 2013, 09:46:49 PM



Title: Growth markets for Bitcoin
Post by: jinni on July 04, 2013, 09:46:49 PM
Amid a price decline for Bitcoin, the currency is growing quickly in many markets. Especially in markets that have been counted as obvious markets for Bitcoin. I have calculated the growth rate for the last month in the largest 40 countries measured in Bitcoin-qt downloads according to Sourceforge (http://sourceforge.net/projects/bitcoin/files/stats/timeline).

The first number is the percentage growth the last 30 days, then the name of the country and finally the ranking in all-time qt-downloads 30 days ago on June 4th:

5.07%   World         0
12.06%   Lithuania         41
10.22%   Argentina         19
9.32%   Switzerland      20
8.90%   Mexico         29
8.54%   Portugal         28
8.45%   Brazil         16
8.37%   Hungary         36
7.57%   India         18
7.49%   Japan         38
6.54%   Hong Kong      39
6.28%   China         2
6.23%   France         11
6.17%   Singapore      40
5.99%   Bulgaria         31
5.75%   Romania         21
5.56%   Norway         25
5.45%   South Africa      34
5.34%   Italy                 14
5.30%   United Kingdom   4
5.26%   Australia         7
5.22%   Ukraine         12
5.03%   Ireland         33
5.01%   Belarus         37
4.80%   Slovakia         35
4.65%   Spain         13
4.52%   Czech Republic   26
4.45%   Russia         5
4.23%   United States      1
4.19%   Belgium         23
4.16%   Greece         32
4.13%   Canada         6
4.12%   Netherlands      9
3.96%   Sweden         15
3.79%   New Zealand      30
3.72%   Denmark         24
3.71%   Poland         8
3.38%   Germany         3
3.02%   Israel         27
3.02%   Austria         22
2.55%   Finland         17

So basically it seems that many of the markets what weren't so big before are growing a lot now. Also interesting is the fact that a lot of countries one would consider a big potential for Bitcoin like South American countries (due to inflation), East-Asian city states (due to good English-knowledge and lassiez-faire mentality), India (due to English/computer literacy and inflation) and Japan (due to high internet literacy and Mt Gox being situated there).

In other words, even though a lot of familiar markets are waning in interest atm, others are gaining and thus I predict that the Bitcoin price will rise in the future :D

Tiny edit: clarity/grammar


Title: Re: Growth markets for Bitcoin
Post by: BitChick on July 04, 2013, 10:33:17 PM
This is interesting for sure.  Thanks.