Re:Bitcoin sentiment analysis
by lordgilman on Sunday June 02, 2013 @05:30AM
(#5807873)
> The majority of MtGox customers trading USD are non-americans
So why does their volume drop off after the 17th? That's the reason why I brought that up - only Americans are effected by the Dwolla closure.
1. Why do you equate mtgoxUSD to the US market? The majority of MtGox customers trading USD are non-americans.
2. Only ~20% of the Bitcoin connected nodes are located in the USA: http://www.zerohedge.com/news/2013-05-27/mapping-bitcoins-gl...
3. Only ~9% of the world internet users are americans, making the USA a tiny market with respect to the potential future of Bitcoin.
4. bitcoincharts exclude many foreign exchanges (metabank in Russia, where Bitcoin is HUGE), all private trades (eg. Avalon claimed they sold all the bitcoins they needed to sell to build their 110nm ASIC at TSMC, to private buyers in China; the fact they were able to do this with no pb just tells you how big private trading is in China), etc.