News for hackers. Stuff that matters.

A comment on Bitcoin hits $10,000. Parent comment

Re:Bitcoin hits $10,000 by beaner on Tuesday November 28, 2017 @10:06PM (#15804212)
People in Venezuela are actively trading lots of bitcoin every day, in person. You can see this in the LocalBitcoins data: https://coin.dance/volume/localbitcoins
[ Parent | on HN ]
Re:Bitcoin hits $10,000 by rspeer on Wednesday November 29, 2017 @02:54AM (#15805332)
This is a pretty misleading response.

So, okay, some of the fortunate people who do have access to USD/EUR are trading it for Bitcoin on LocalBitcoins, not just storing it. But you're making it sound like this is a graph of ordinary Venezuelans trading their hard-earned bolivar into lucrative Bitcoin, which it almost certainly isn't.

[ Parent | on HN ]
Re:Bitcoin hits $10,000 by beaner on Thursday November 30, 2017 @02:12AM (#15813991)
The y-axis on the Venezuela chart is denominated in Bolivar. I assume it's Bolivar being traded. Why would you assume otherwise?
[ Parent | on HN ]