Bitcoin Forum

Economy => Economics => Topic started by: zimmah on December 10, 2013, 12:30:57 AM



Title: Russia suddenly booming?
Post by: zimmah on December 10, 2013, 12:30:57 AM
Is it just me, or did russia suddenly got interested in BTC?

I usually have fiatleak running in the background, and it has been running for about 10 hours now i guess, and i suddenly noticed a lot of transactions in RUB.

http://img10.imageshack.us/img10/1264/sxxt.png

Note that this also was largely during evening and night time in russia, but somehow they got more transactions in RUB than in USD which is quite amazing and i don't think this has happened before, or has it?

I always thought it was like this:

1) CNY
2) U.S. (or at least USD)
3) EUR
4) RUB
5) JPY
6) Rest

But apperantly Russia is second place now?


Title: Re: Russia suddenly booming?
Post by: kdrop22 on December 10, 2013, 02:19:08 AM
Probably some news on the Russian TV/newspapers. It is good that we are distributed globally, as the US started to slow down China picked up and when China has some bad news the Russians are stepping.


Title: Re: Russia suddenly booming?
Post by: BitChick on December 10, 2013, 02:47:49 AM
Spasibo (Thank You) Russia!  ;D


Title: Re: Russia suddenly booming?
Post by: kjj on December 10, 2013, 02:57:03 AM
It takes a while to translate The Simpsons into Russian.


Title: Re: Russia suddenly booming?
Post by: RenHoek on December 13, 2013, 06:47:15 PM
Is it just me, or did russia suddenly got interested in BTC?

I usually have fiatleak running in the background, and it has been running for about 10 hours now i guess, and i suddenly noticed a lot of transactions in RUB.

http://img10.imageshack.us/img10/1264/sxxt.png

Note that this also was largely during evening and night time in russia, but somehow they got more transactions in RUB than in USD which is quite amazing and i don't think this has happened before, or has it?

I always thought it was like this:

1) CNY
2) U.S. (or at least USD)
3) EUR
4) RUB
5) JPY
6) Rest

But apperantly Russia is second place now?


now on:

http://fiatleak.dyndns.org/


Title: Re: Russia suddenly booming?
Post by: deisik on December 13, 2013, 07:13:57 PM
Is it just me, or did russia suddenly got interested in BTC?

I usually have fiatleak running in the background, and it has been running for about 10 hours now i guess, and i suddenly noticed a lot of transactions in RUB.

<skip>

But apperantly Russia is second place now?

Yes, it was me buying bitcoins here/there...


Title: Re: Russia suddenly booming?
Post by: stompix on December 14, 2013, 12:49:00 AM
So know we're having a Russia Hype?
Has the Chinese one already faded?


Title: Re: Russia suddenly booming?
Post by: bitcon on December 14, 2013, 12:59:41 AM
russias waking up! ;D


Title: Re: Russia suddenly booming?
Post by: komar on December 14, 2013, 01:09:06 AM
Not really.

There are lot of people interesting in bitcoin, but nothing special happening. It's just a common trend.

I wrote a couple of the most popular russian articles about bitcoin for newbies and here are their stats:

http://dump.bitcheese.net/images/uvuheje/komar.bitcheese.net-bitcoin.png

(red, blue and orange lines; others is for articles about batteries)


Title: Re: Russia suddenly booming?
Post by: giantdragon on December 14, 2013, 01:19:15 AM
Russians traditionally like virtual currencies (WebMoney and Yandex Money exist for 10-15), Bitcoin is not an exception! Most likely it happens because banking and credit cards were not available for most population until recently.


Title: Re: Russia suddenly booming?
Post by: stompix on December 14, 2013, 01:28:04 AM
Russians traditionally like virtual currencies (WebMoney and Yandex Money exist for 10-15), Bitcoin is not an exception! Most likely it happens because banking and credit cards were not available for most population until recently.

I see that as a deterrent in Bitcoin adoption actually. Same way the Kipochi plan failed.


Title: Re: Russia suddenly booming?
Post by: LiteCoinGuy on December 14, 2013, 12:58:39 PM
also take a look at these news:

http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/


maybe a reason for an upcomming russian hype  ;)


Title: Re: Russia suddenly booming?
Post by: deisik on December 14, 2013, 01:20:08 PM
also take a look at these news:

http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/
http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

Quote
For virtual currency to become mainstream, however, it would need regulation, said Gref, who was also reported as saying that virtual currency “‘experiments’ must end in one or two crashes” before they are firmly established. Russia has been relatively silent on regulation of virtual currencies to date

I can't simply comprehend how this could possibly go for an "endorsement" to use virtual currencies...


Title: Re: Russia suddenly booming?
Post by: cr1776 on December 14, 2013, 01:44:02 PM
also take a look at these news:

http://www.coindesk.com/btc-e-recent-issues-caused-surge-users/
http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

Quote
For virtual currency to become mainstream, however, it would need regulation, said Gref, who was also reported as saying that virtual currency “‘experiments’ must end in one or two crashes” before they are firmly established. Russia has been relatively silent on regulation of virtual currencies to date

I can't simply comprehend how this could possibly go for an "endorsement" to use virtual currencies...

Perhaps the thinking is "crash" one was 2011, "crash" two was April 2013, so a crypto is now "firmly established"?  :-)


Title: Re: Russia suddenly booming?
Post by: deisik on December 14, 2013, 01:51:37 PM
Quote
For virtual currency to become mainstream, however, it would need regulation, said Gref, who was also reported as saying that virtual currency “‘experiments’ must end in one or two crashes” before they are firmly established. Russia has been relatively silent on regulation of virtual currencies to date

I can't simply comprehend how this could possibly go for an "endorsement" to use virtual currencies...

Perhaps the thinking is "crash" one was 2011, "crash" two was April 2013, so a crypto is now "firmly established"?  :-)

The Russian ruble seriously crashed twice in the modern history of Russia (in 1992 and in 1998), so it could easily be that Gref has some reminiscences of that history and would not consider a currency worthy of his attention or regulation if it didn't crash at least once (i.e. currency is still being no more than "experiment"). Maybe, he has a point (or two, lol)...

Baptism of blood


Title: Re: Russia suddenly booming?
Post by: pand70 on December 14, 2013, 01:54:00 PM
For all i can see btc-e has the lowest price among the exchanges. That hardly indicates any hype  :-[


Title: Re: Russia suddenly booming?
Post by: Sindelar1938 on December 14, 2013, 03:05:29 PM
Broadbased adoption is great, Russia will hopefully become a huge player in btc
It helps that thy have had 2 currency crises in the last 20 odd years


Title: Re: Russia suddenly booming?
Post by: jurastm on December 14, 2013, 06:01:43 PM
suddenly? :D
I feel everyone, who knows what is Internet in Russia talking about Bitcoin.


Title: Re: Russia suddenly booming?
Post by: deisik on December 14, 2013, 06:16:46 PM
suddenly? :D
I feel everyone, who knows what is Internet in Russia talking about Bitcoin.

It doesn't matter how much they are talking about Bitcoin. What's more important is how much they are ready to actually fork out...


Title: Re: Russia suddenly booming?
Post by: Acidyo on December 14, 2013, 07:15:48 PM
I'm pretty sure it has a lot to do with this:

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/


Title: Re: Russia suddenly booming?
Post by: deisik on December 14, 2013, 07:30:02 PM
I'm pretty sure it has a lot to do with this:

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

It seems that you're last to the table (https://bitcointalk.org/index.php?topic=365190.msg3962360#msg3962360)...


Title: Re: Russia suddenly booming?
Post by: Acidyo on December 14, 2013, 07:32:21 PM
I'm pretty sure it has a lot to do with this:

http://www.coindesk.com/ceo-russian-sberbank-endorses-virtual-currencies/

It seems that you're last to the table (https://bitcointalk.org/index.php?topic=365190.msg3962360#msg3962360)...

My bad, only read half the thread. :)