If there is volume, there are people selling and people buying.
You can't sell 10 coins and 100 have coins bought, the amount it's the same, for every coin you buy somebody is selling.
So if the volume is up, so is the number of people both buying and selling.If everybody was holding you would see 0 volume.
<let me add a line here____________________>It's still 70 BTC a week , 1 cent per citizen per week.
Pardon me for not understanding what you're trying to say, but no. Volume doesn't measure the total amount of coins
existing in a platform but rather the amount of coins that were tossed back and forth in a certain platform. The total volume doesn't mean it's the total coins existing; I can create a 10 BTC volume in an hour by buying and selling my 2 bitcoins back and forth. Also, high volume doesn't necessarily mean that more people are involved. Back in 2013, the Willy bot produced an impressive amount of volume in Mt. Gox that made people think something is up, which later turned out to be a new ATH back then.
I should have cut my post into two parts.
In the first I was arguing with the other user that you can't have people buying coins without people selling, as he was saying that they people there are just holding and acquiring. On a single platform you can't obviously buy 10 BTC if there are only 2 for sale.
The second part, which got you confused was about the low volume on localbitcoins, which you have to agree is laughable even by 3rd world country statistics as it's still a 200 million country.
And yeah, nobody knows how many
BTC are involved in a volume of 100, it could be done with 100 coins or with a bunch of satoshi BUT, and here is a big BUT, we're talking about localbitcoins. The spread between selling and buying is so high that you have to wait for huge movements in order to make some profit so it might be that the number is pretty close to the amount of BTC that have changed hands forever.
For example right now in my country the best buy is 7,133.50 EUR and best sell is 6,884.54 EUR. There is no way to actively daytrade with this difference.
