Bitcoin Forum

ARGENTINA, VENEZUELA, AND EGYPT POST RECORD P2P BITCOIN TRADING VOLUMES

During October 2018, Bitcoin trading volumes on the peer-to-peer (P2P) platform LocalBitcoins reached peak levels in Argentina, Venezuela, and Egypt. Elsewhere, places like Croatia and Switzerland are at their lowest levels since the start of 2018…

Read more:
https://www.trackcoinmarket.com/en/crypto-news/33770/argentina-venezuela-egypt-post-record-p2p-bitcoin-trading-volumes

great news! it means people of those 3 countries are very much positive about Bitcoin.

Venezuela needs it, awesome news about Argentina and Egypt joining in!

I am very happy to hear this news. ARGENTINA, VENEZUELA, AND EGYPT will be a good start for the development of the bitcoin market, I hope there will be other countries that will also compete.

Argentina and Venezuela have a special situation. Economic problems in these countries lead people to buy crypto money. Especially in Switzerland, they don't need it.

With the ongoing economic downturn in Argentina, Venezuela, there is no reason for people for not to go for some quick buck. Egypt's Bitcoin trading volume was surprising to say the least.

The economic condition of venezuela boosted the trading of bitcoin in the region. Also do not know for sure what may be the cause but it is great to see Argentina and Egypt in the list too.

Great news for the countries like Argentina, Venezuela and Egypt. Well, for Venezuela, it was inevitable to happen. On the contrary, it's really unfortunate to see what's happening with Croatia and Switzerland.

Venezuela economic crisis has much to do with its adaptation of cryptocurrencies at this scale. People out there are finding a savior in crypto and it is working for them I hope. Also great news regarding Argentina and Egypt. But why Croatia and Switzerland are lagging behind? I dont understand.

In my opinion, that is a very good decision. Because, by transferring assets to bitcoin, it will avoid the sharp fall in asset values

Same competition between 3 countries is very strict about bitcoin, extraordinary enthusiasm, this is quite interesting for crypto lovers. Hope this interest will still exist and will become more popular bitcoin.

Didn't realise Egypt was into crypto, when talking about bitcoin it is always Venezuela and Iran as countries that are most likely to adopt it first. Egypt doesn't have a strong economy but don't think it is any worse than it has been in the past. Great for bitcoin which ever country it is booming in

everytime i hear news like this makes me happy  ;D this only proves that bitcoin is beiing used widely, and we are expectting more on this specially in the third world or in a developing countries where monetary system lost trust from the people.

this is interesting news, because with this news there is little positive impact for bitcoin connoisseurs in other countries, and hopefully other countries will soon follow in many bitcoin connoisseurs ..

once again good news comes from the crypto industry. quite great when there are developing countries that are able to significantly contribute to crypto. news like this that needs to be and continues to be spread to the public, not just FUD without basic data and facts. especially in Venezuela, this country is experiencing an economic crisis that is quite long and has not ended until now, there is a new hope arising when bitcoin is in great demand in the country.

Venezuela isn't surprising, but what about Argentina and Egypt? Argentina is pretty interesting because rules are apparently pretty relaxed there. Maybe trading volume as a whole, not just P2P specifically, is spiking because of economic instability? The article doesn't say anything about Egypt, unfortunately.

Croatia and Switzerland seem to be doing okay economically and generally have relaxed Bitcoin regulations, so people are probably just trading on exchanges for convenience.

This not suprising data in general since it is know that thos countries have big economic troubles, the thing that I would like to know is how many of those transactions are used for buying goods or even if there is any such txs or they are just a way to get some stabilty and value from ones funds.

I think this is mostly because these countries don't have a local bitcoin exchanges where they can easily buy bitcoin inside their own country. any other exchanges that exist today for purchasing bitcoin will be considered "foreign" for them and sometimes you either have bank problems or fee problems which means higher costs. so P2P trading becomes a better option in comparison hence the increased volume. and nowadays with adoption of bitcoin growing, the volume is going up everywhere.

Great news to hear about  these great nations. I believe things like this can help propagate bitcoin to the rest of the world who are yet to hear about bitcoin. Bitcoin is the leading digital currency in the world and such news can help invite more investors to join the world of cryptocurrency.

With the exception of Egypt there seems to be a see-saw effect going on
between South America and Europe. South America from the report in up
in volume while Europe is down and to me it sounds like an economy
related thing. Interesting nonetheless.