Re: 114 Billion Bolivars Recorded Bitcoin Trading Amount in Venezuela
considering the exchange rate of Blivar against USD it doesn't seem like that big a volume (1 VES = 0.0000455646 USD).
and when you check out the source of the news it is coming from a junk website called cointelegraph (https://cointelegraph.com/news/venezuela-smashes-weekly-bitcoin-trading-record-with-114b-bolivars) and it is referring to localbitcoins volume fetched from https://coin.dance/volume/localbitcoins/VES/BTC site and when you visit that last site you can see the volume has been 500BTC in a week. that really isn't big enough to be worth writing an article about!
the funnier thing is that the volume has actually dropped
ever since first week of February (2487BTC) the volume has dropped.
and when you check out the source of the news it is coming from a junk website called cointelegraph (https://cointelegraph.com/news/venezuela-smashes-weekly-bitcoin-trading-record-with-114b-bolivars) and it is referring to localbitcoins volume fetched from https://coin.dance/volume/localbitcoins/VES/BTC site and when you visit that last site you can see the volume has been 500BTC in a week. that really isn't big enough to be worth writing an article about!
the funnier thing is that the volume has actually dropped
ever since first week of February (2487BTC) the volume has dropped.
You need to be commended for putting things in the right perspective because I don't understand what Op seeks to achieve by promoting such information without even including the source neither does he wants to paint the actual happenings of things but rather a sentimental news to gather thoughts that the Venezuela economy is doing to bad to the advantage of bitcoin which is totally different from reality.
Yes there is growing interest in the use of bitcoin and it goes beyond Venezuela as its becoming common by the day but it does not translate to everybody in the country now drifting towards that line of action.