Global Localbitcoins Volume Charts

[LiteCoinGuy]

Global Localbitcoins Volume Charts

http://charts.coin.dance/

[bryant.coleman]

I got confused a bit, as they are showing the weekly volumes instead of the daily volumes. It is interesting to note that more than half of the trade volume is from the United States (BTC2,000 - 3,000 per day) despite users getting arersted there for trading using LBC. Anyway, LBC is still an infant in terms of volumes, when compared to BTC-e or Bitstamp. 

[Victor Beckham]

Anyway, LBC is still an infant in terms of volumes, when compared to BTC-e or Bitstamp. 

BTC-e or Bitstamp does not serve many of the countries that LBC do. LocalBitcoins alternatives like 100bit.co.in are already in place as well...

[bryant.coleman]

BTC-e or Bitstamp does not serve many of the countries that LBC do. LocalBitcoins alternatives like 100bit.co.in are already in place as well...

Well, apart from the main 5-6 countries (such as the United States, United Kingdom, China, Russia, Australia, Ukraine and Germany), the Bitcoin trade volumes are not significant. More than 90% of the trade occurs within the top 10 countries. That is why exchanges such as BTC-e and Bitstamp are not that serious in expanding to Asia and Latin America.

[newIndia]

Global Localbitcoins Volume Charts

http://charts.coin.dance/

Interesting. Where did you get this chart ? Never heard of this website www.coin.dance before. Is this yours ?

[Slark]

BTC-e or Bitstamp does not serve many of the countries that LBC do. LocalBitcoins alternatives like 100bit.co.in are already in place as well...

Well, apart from the main 5-6 countries (such as the United States, United Kingdom, China, Russia, Australia, Ukraine and Germany), the Bitcoin trade volumes are not significant. More than 90% of the trade occurs within the top 10 countries. That is why exchanges such as BTC-e and Bitstamp are not that serious in expanding to Asia and Latin America.

Not suprise there. If you look at bitcoin infrastructure. Nodes and miners map you will see that bitcoin is quite unpopular and unknown across the globe really. You can say it is currency of the 1st world really.

[bryant.coleman]

Not suprise there. If you look at bitcoin infrastructure. Nodes and miners map you will see that bitcoin is quite unpopular and unknown across the globe really. You can say it is currency of the 1st world really.

Well.. as of now, Bitcoins are mostly limited to the tech savvy population, mostly residing in the developed world. It is not popular among females, pensioners, non-whites, expats, blue-collar workers.etc to name a few. It is currently limited to the first world, and it will remain so for the next few years.

[Beliathon]

Global Localbitcoins Volume Charts

http://charts.coin.dance/

USA 20k
UK 5k
Russia 2.5k
Australia 2.5k
Everywhere else: nil

[LiteCoinGuy]

Global Localbitcoins Volume Charts

http://charts.coin.dance/

Interesting. Where did you get this chart ? Never heard of this website www.coin.dance before. Is this yours ?

no. just found it and wanted to share.

volumes are tiny in my view. there is so much room for growth...

[okae]

Global Localbitcoins Volume Charts

http://charts.coin.dance/

Interesting. Where did you get this chart ? Never heard of this website www.coin.dance before. Is this yours ?

no. just found it and wanted to share.

volumes are tiny in my view. there is so much room for growth...

be sure about that, the site looks interesting, btw im curious about how it will looks like in the next months

South Africa, Sweden or Russia in the las months WoW..

i will keep an eye on this site, favorites added, just for curiosity.

[dollarneed]

i just wondering about localbitcoins volume in china but unfortunately there is no charts of great china on that site,i really curious about it 

[anderson00673]

I got confused a bit, as they are showing the weekly volumes instead of the daily volumes. It is interesting to note that more than half of the trade volume is from the United States (BTC2,000 - 3,000 per day) despite users getting arersted there for trading using LBC. Anyway, LBC is still an infant in terms of volumes, when compared to BTC-e or Bitstamp. 

I think it is ok in the usa if you are careful to cover your ass.  Actually I think it is strange that authorities are targeting this so heavily.  It goes to show that big banks are buying more than just regulations.

[SpanishSoldier]

i just wondering about localbitcoins volume in china but unfortunately there is no charts of great china on that site,i really curious about it 

AFAIK, China do not have a great volume on LocalBitcoins. Probably the main reason is language issue. Moreover, there are big real time exchanges in China. Hence they dont need it much either.

[ACCTseller]

Global Localbitcoins Volume Charts

http://charts.coin.dance/

USA 20k
UK 5k
Russia 2.5k
Australia 2.5k
Everywhere else: nil

Europe also has a pretty significant amount of volume.

You also need to remember that LBC often uses things like banks (for cash deposits), and services like Western Union for fiat to be transmitted to the bitcoin sellers both of which are not widely available in much of the undeveloped world.

Sure bitcoin is great for many third world countries without any major financial infrastructure, however people will first need to have ways to easily buy and sell bitcoin in order for them to take advantages of it's benefits. 

[fatguyyyyy]

thx for the link .. localbitcoins is great but there are lots of scams on there

[bryant.coleman]

I think it is ok in the usa if you are careful to cover your ass.  Actually I think it is strange that authorities are targeting this so heavily.  It goes to show that big banks are buying more than just regulations.

If you are a buyer, then you might be OK. But a large number of sellers have been targeted, under money laundering laws. And it is quite difficult to remain anonymous, unless you are selling your coins for hard cash. On top of that, LBC collaborates with the authorities, giving the IPs, Profile details, mobile numbers and bank account details of the users.

[Amph]

thx for the link .. localbitcoins is great but there are lots of scams on there

not true, but their trust system could be abused, by someone that is buying account, basically in the same as bitcointalk

for this i prefer a standard exchange to sell and buy coin, at least there are not account there, and there is no need to trust anyone, minus the exchange itself

[ammy009]

amazing chart

[Kakmakr]

At first I thought my eyes are trying to deceive me, when I saw the figures for South Africa.
There was most definitely a huge spike in the last couple of months in that country for some unknown reason.
I wonder if it was only a once off or if it is a trend that is building. Thank you OP I will most definitely keep an eye on these stats for future investment possibilities.   

[ALXBOB]

Where is greece?