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Author Topic: Any stats of BTC use based on country  (Read 154 times)
Little Mouse (OP)
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October 31, 2020, 06:13:19 PM
 #1

I'm looking for stats on BTC used in Bangladesh, have tried google but didn’t find much info. It would be good to have a stats as I will write an article and share it with our local readers. Thought to add some stats on usage of bitcoin in Bangladesh.
I know some people who use BTC to buy gambling stuff or some other services through BTC, an estimated amount would be good for total usage throughout the country per day or month. Is it possible?

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tranthidung
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November 01, 2020, 06:52:17 AM
Merited by mk4 (1)
 #2

I can not help you to answer your question completely but there is a site to get statistics for combined volume of 2 big P2P marketplaces (LocalBitcoins and Paxful). Check it there (customize options, daily, weekly, monthly or go through specific charts for each P2P markeplace): https://www.usefultulips.org/combined_BDT_Page.html

From this data for P2P marketplaces you can make naive data extrapolation and say the Bitcoin or crypto usages in Bangladesh is on uptrend.

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November 01, 2020, 07:26:13 AM
Merited by tranthidung (1)
 #3

Along with what tranthidung suggested, you could also add statistics on how much the word "bitcoin" is being searched on Google from people in Bangladesh, using Google Trends:


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tranthidung
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November 01, 2020, 10:21:12 AM
 #4

Along with what tranthidung suggested, you could also add statistics on how much the word "bitcoin" is being searched on Google from people in Bangladesh, using Google Trends:
Personally, Google Trend should be used as an supplementary source or as a main source if you can not find any better data because of their low, biased quality.

  • Search # usages
  • Search can reflect interests (in mind) and from it to expand to create accounts or fill capital into accounts for bitcoin investment, it is a long story.
  • Search can increase with bitcoin bull run or decrease with bitcoin bear run
  • Search can be biased by hot news: billions of dollar in bitcoin was hacked on exchange A, ie. or law regulations.

With Google Trend, you don't know chronological activities of searchers:
  • Why people made their searching
  • What they search together with Bitcoin (bitcoin scam, bitcoin hack, bitcoin billion, etc.)
  • What they did after that

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