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Author Topic: Money and cryptocurrency europe was biggest cash out area for crytocurrency data  (Read 119 times)
Polo7 (OP)
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September 17, 2020, 09:59:02 AM
 #1

I was Looking the wallets and exchangers Europe
Was biggest destination for cryptocurrency cashing out. 

Uk was one of the biggest cash export Country into the cryptocurrency.  But its not so Active now

USA was and Still is one of the biggest cryptocurrency buyer. 

China is one of the biggest cryptocurrency buyer.


But what is interesting that in Europe there is mainly cryptocurrency selling  by the otc private exchangers. 


So euro currency been pushed Up by other currencies by huge demand to Get euro.



This factor shows that euro currency is most wanted currency in the world.
hugeblack
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September 18, 2020, 09:07:19 PM
 #2

Uk was one of the biggest cash export Country into the cryptocurrency.  But its not so Active now
USA was and Still is one of the biggest cryptocurrency buyer. 
China is one of the biggest cryptocurrency buyer.
Can you mention some sources that support these statements? There is not much accurate data and statistics for making such assumptions.


But what is interesting that in Europe there is mainly cryptocurrency selling  by the otc private exchangers. 
So euro currency been pushed Up by other currencies by huge demand to Get euro.
What is the relationship between them? I do not believe that cryptocurrency market has the ability to affect the stock market or the exchange rate of major currencies.
fiulpro
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September 18, 2020, 09:29:23 PM
 #3

See just like the person before me mentioned , it is always good to paste the url of the sites you got the information from , helps support your statement and gives the real author credit.

See what I believe is , this cannot support any statement other than *the countries are actively involved in trading, trading is a two way street , there comes selling , there comes buying and maybe people who are selling their BTC is being brought by people out in US*

This won't naturally mean that people hate cryptocurrencies in the Europe. Maybe they are not receiving as much money as the people in the US from the government during the pandemic and they have to cash out to support their family ?

-what we can see is , active trading
- if we support the buying of Bitcoin we also have to support the selling of them since , this is how it works , integrating it with fiat , exchanging it timely does work well to keep them circulating , we don't have unlimited supply , this is bound to happen.

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Polo7 (OP)
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September 18, 2020, 11:02:49 PM
 #4

See just like the person before me mentioned , it is always good to paste the url of the sites you got the information from , helps support your statement and gives the real author credit.

See what I believe is , this cannot support any statement other than *the countries are actively involved in trading, trading is a two way street , there comes selling , there comes buying and maybe people who are selling their BTC is being brought by people out in US*

This won't naturally mean that people hate cryptocurrencies in the Europe. Maybe they are not receiving as much money as the people in the US from the government during the pandemic and they have to cash out to support their family ?

-what we can see is , active trading
- if we support the buying of Bitcoin we also have to support the selling of them since , this is how it works , integrating it with fiat , exchanging it timely does work well to keep them circulating , we don't have unlimited supply , this is bound to happen.



Mostly we see that USA dollars Coming in europe.
Thts all
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