It's doing 200btc of volume per day...
No problem. Everyone who wants to trade
real coins is able to do it here. The trades at gox and stamp are IOU-trades only.
My bitfinex withdrawal is just fine and the volume is at least 100 times that of localbitcoins.
how much of this is made by bots?
Who knows. But at 200 coins of volume per day, it would take approximately 180 years to move all of the bitcoins. Localbitcoins can't possibly set the price. And if someone wants to transact any significant amount of bitcoins they can't. It's too thin, too risky, and the liquidity isn't there.
The prices there are the price of convenience and desperation.
