Growth of LocalBitcoins volume in 2019 vs. 2018
Egypt
- 69.8%
Colombia
- 59.8%
Peru
- 47.7%
Argentina
- 44.7%
Chile
- 36.3%
Venezuela
- 33.2%
Hong Kong
- (18.5%)
Iran
- (52.1%)pic.twitter.com/HbpwdbDsfP
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Growth of LocalBitcoins volume in 2019 vs. 2018
Egypt
- 69.8%
Colombia
- 59.8%
Peru
- 47.7%
Argentina
- 44.7%
Chile
- 36.3%
Venezuela
- 33.2%
Hong Kong
- (18.5%)
Iran
- (52.1%)pic.twitter.com/HbpwdbDsfP
Does this even have any value, without being normalized?
What do you mean without being normalized? All local currency values are concerted to USD
that’s because it’s the money of maduro’s cronies who launder coke revenue. they are the main users of localbitcoins and then later liquidate the btc for renminbi with a little help from china.
Wold love to see any evidence or anecdotes you have to support this claim. Not saying you are right or wrong, but please support claims.
But that is only LB volume, not the total market. Not representative.
In
I think most volume is done in exchanges, P2P and OTC. Total volume must be in % much larger. In addition, LB added KYC to its platform, so there could be migration to other options such as @hodlhodl
Colombia and Peru are not "troubled" economies. I suspect those volumes are from Venezuelans there sending money home. (Colombia and Peru are the countries with more Venezuelans from the diaspora)
Cool information, though. Keep it up!
Localbitcoins is loosing volume since KYC implemention in september
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