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Author Topic: which country trade most in btc  (Read 8225 times)
madwica
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June 05, 2017, 12:29:37 PM
 #21

Currently most countries are know to bitcoin. Each country has some percentage of bitcoin users.
But the top 10 countries using bitcoin are
-Estonia
-United States
-Denmark
-Sweden
-South Korea
-Netherlands
-Finland
-Canada
-United Kingdom
-Australia

The countries are listed in no particular order since each nation has its own idiosyncrasies, differences in population, internet connectivity, etc. However, all of the countries listed have demonstrated their willingness, whether on behalf of the population, the government or both, to embrace Bitcoin’s innovative technology.
I think you should include in the list the country of philippines there are lots of people are bitcoin users and it is 100% legal and there ia also local bitcoin wallet with a great services that is why people there are continuous adopting bitcoin.

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June 05, 2017, 01:48:52 PM
 #22

Currently I think countries in Asia are becoming the most active using bitcoin. In asia bitcoin already has a great place because it has started emerging countries that recognize bitcoin and provide flexibility in the spread of bitcoin in the country. This is a new thing of course, this can help the development of bitcoin much better.

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June 05, 2017, 02:37:10 PM
 #23

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

China, is the biggest BTC market of the world. But they are 1,5 billion... In percent of the population I have no idea... maybe Estonia ? Japan ?

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June 05, 2017, 03:04:57 PM
 #24

I think China is country most trade in BTC Smiley

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June 05, 2017, 03:37:41 PM
 #25

I think China is country most trade in BTC Smiley

I think that this is obvious. China has always been a leader in this field. And it does not depend on the population. It's just that the crypto currency is very developed and many people use it day to day

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June 05, 2017, 05:16:43 PM
 #26

So far I know, my opinion will go along with China, Chinese people are using Bitcoin than any other countries, in huge population, Bitcoin is very popular among themselves, they are playing a big role in this sector, basically in Asia, Bitcoin is becoming one of the popular form of transaction tools.

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June 06, 2017, 12:05:36 AM
 #27

I do believe the big costumers are from Japan at the moment since they had legalized bitcoin already soo they can invest without worries, then i do believe its USA, then Europe and i do believe Venezuela and Brazil has already some volume.

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June 06, 2017, 06:46:43 AM
 #28

We do all know when it comes to bitcoin activity china do have the edge among other countries since thinking of that they hold major mining operations or even supply on miners and its normal to think off that they do have really interest on bitcoin and basing on exchange we saw big volumes on chinese exchanges.

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June 06, 2017, 07:28:42 AM
 #29

Well in this question one country comes in my mind..., Korea if you reading the news about bitcoin in korea you will be surprise they used it as a legal money there but high value.
Ofcourse korea trading is one of the most trading in the world because it is legal they have equipments there
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June 06, 2017, 12:49:12 PM
 #30

The report from those sites to me should not be totally relied upon without making rooms for error and the reason for my submission is because we all know the inpoertane of VPN or proxy where I could be sitting somewhere far east Asia while my IP can be saying I am in USA and the report will read someone from USA is using a site. The best is to try generate the report yourself as we have seen softwares that break the proxy services that will show the true position of users.

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June 06, 2017, 02:04:50 PM
 #31

I think in the beginning China was first in the trade of bitcoin but now when Japan accepted bitcoin for their state then we an say that in Japan the trade of bitcoin is more high because of that the price of bitcoin is increased very high.


 
 
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June 06, 2017, 02:30:57 PM
 #32

he country that trade most of the bitcoin is the United states. Because they are already using bitcoin in change of their commercialized products and many americans are already aware on what bitcoin is.

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June 06, 2017, 02:59:26 PM
 #33

I am looking for demographics. where btc is used most. We have just started accepting BTC
at our web hosting company that mainly sell VPS, Ded servers and Entrepreneur solution.

I am looking for some stats. please guide.

Majority, it's china and usa they are both Dominant And have a Good economy to their Country also japan who recently embrace the culture of bitcoin but china nowadays have the most trades in bitcoin they really have a great stocks and great market where their citizen are really experiencing the benefits of it

1. China 2. USA 3. Japan
this three really making a great impact to the bitcoin market

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June 06, 2017, 03:07:49 PM
 #34

In my opinions the united state of America and China that has large trading volume and they know about bitcoins
that is good for marketing the products vps that accept bitcoins for payment method,
also not only bitcoins must be used for payment method but the altcoins too like ETH, dash, monero and other altcoins
because many traders altcoins on there too.

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June 06, 2017, 08:50:35 PM
 #35

China and USA, the two major and really important players in crypto scene, other than them maybe Japan could be considered as a tech giant and an advanced country to be able to compete with those 2 countries. little Wu/ head of Bitmain/ Antpool and almost 65% of all the miners/ holders/ whales are Chinese, however there is no actual trade as constantly selling and buying products/ items it's rather a profit taking market currently and hopefully soon we'll exit this phase and will enter in new phase of merchandise in exchange for BTC instead of just BTC/ USD/ fiat.

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June 06, 2017, 09:39:47 PM
 #36

I think China is the most country that trade bitcoin massively. There is a giant community of bitcoin miners which produce almost 50% of spreaded btc nowadays.
With that fact we can assume, bitcoin trading activities on China is the biggest in the world.

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June 06, 2017, 11:39:14 PM
 #37

I think in the beginning China was first in the trade of bitcoin but now when Japan accepted bitcoin for their state then we an say that in Japan the trade of bitcoin is more high because of that the price of bitcoin is increased very high.
but to me i think even japan accepted bitcoin as legal currency but still the users and trader of bitcoin will be much more than Japan, the reason is that China has a huge population and on other side the most number of bitcoin minors are also from China, and therefore i think that the number of bitcoin users and bitcoin traders will be more in China as compare to Japan. i am hopeful that very soon China will also consider bitcoin as legal currency.

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June 07, 2017, 01:12:43 AM
 #38

Right now China and Korea seems to be the top market for bitcoin and other digital currencies trading and usage. Japan is on the fight to lead in the development, hope Japan soon makes a change as the usage and trading volume has started to peak as the people are much aware about bitcoin as it has been provided the similar status to the country's own fiat.

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June 07, 2017, 05:55:24 PM
 #39

Right now China and Korea seems to be the top market for bitcoin and other digital currencies trading and usage. Japan is on the fight to lead in the development, hope Japan soon makes a change as the usage and trading volume has started to peak as the people are much aware about bitcoin as it has been provided the similar status to the country's own fiat.
I too believe Japan will lead this group in real soon. China must be an obvious leader here as we do see lot of start ups related to bitcoin ecosystem like from exchanges to mining to merchants, Chinese people must be having more options to spend their bitcoins.

The core reason for this must be cheap electricity which triggered cheaper mining farms. Those mining operations in large scale obviously lead to wide awareness among common public.This must be the reason China would be the country with most BTC transactions.

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hello_good_sir
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June 07, 2017, 06:35:05 PM
 #40

I have to ask because im not sure if you mean which country does the biggest part of BTC trading volume, or just a country which has the biggest percentage of bitcoin users/traders?
That was not so obvious for me, but I assume that was the first thing I said.
Well, Im almost sure that would be China, because even when there are not so many people using bitcoin (expressed in percentages) but the numbers are overwhelming: just take a look at chinese cryptocurrency exchanges, they are making so many orders in a really short period of time.
But USD plays an extremely important role for bitcoin, you should always think globally when it comes to cryptos.

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