Quote from: timerland on April 24, 2018, 08:03:14 AM

Quote from: Goozzi on April 17, 2018, 07:41:20 AM

According to the website of Coin Dance, by April 14, the trade volume of bitcoin, paired with Venezuelan bolivar on the Localbitcoins exchange, rose to a record mark of 2.7 trillion Bolivars ($ 55 million) per week. And a week earlier this figure was $ 35 million, and in the last week of March - $ 18 million. And this is only in some Venezuela!)

Source: https://coin.dance/volume/localbitcoins/VEF

We're seeing a huge trend in people moving to P2P trading, after the centralized exchanges have underperformed to expectations.

Also, Venezuela is an extremely interesting case, because its country is in economic turmoil, and bitcoin is used to store people's wealth for the long term. It's no surprise honestly that the volume is picking up.

I expect the figures for BTC volumes in Venezuela to continue to go up. Only nations that are affected by an economic crisis will realize what BTC can truly bring as a stable long term store of value. Again, things like this make me believe in BTC's long term growth.

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Yup, and combine all you just said with the fact Venezuela has one of the largest oil reserves in the world, and we are talking about a new world power, along with BTC gaining soo much value John Mcafee will grow a second dick!