8 ms·

Watch the world currencies flow into BTC in realtime

35 points by rock57 9y ago

amelius 9y ago
Nothing happening in the Eurozone? or Japan?
- rock57 9y ago
  It seems that (for obvious reasons!) the bulk of the action is happening in US and China. However, I am also surprised that currently transaction volume in currencies of Brazil or Russia exceeds those in Euro or Yen...
  - ufo 9y ago
    The bubble is strong here in Brazil. I've recently had lots of nontechnical acquaintances talking about bitcoin these last months.
    - paulpauper 9y ago
      People also talk a lot about amazon, Facebook, and google. Doesn't make it a bubble.
      - rock57 9y ago
        JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash: "Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."
      - dualogy 9y ago
        > amazon, Facebook, and google. Doesn't make it a bubble Yeah. Well. Funny thing about "bubbles", they're usually reliably identified only after-the-fact...
      - ufo 9y ago
        So far I have never heard my non-technical acquaintances talk about making payments with bitcoin. I have only heard them talk about investing in bitcoin, which sounds very bubbly.
- vmateixeira 9y ago
  It's almost midnight in Europe...
  - rock57 9y ago
    It's 2 am in Russia, but still...
- wjh_ 9y ago
  It is also pretty late here in Europe, perhaps there's more going on during the daytime
deleted 9y ago
[deleted]
the_cat_kittles 9y ago
im starting to think bitcoin should probably be illegal. its perfect for criminals, with very little value for anyone else. its also potentially catastrophically destabilizing for states. you are welcome to change my mind, but know that im not ignorant of it and have been "using" it since 2012.
- LeoPanthera 9y ago
  im starting to think cash should probably be illegal. its perfect for criminals, with very little value for anyone else. its also potentially catastrophically destabilizing for states. you are welcome to change my mind, but know that im not ignorant of it and have been "using" it since 2012.
  - the_cat_kittles 9y ago
    good try. what about cryptolocker? i also find cash useful.
- ycmbntrthrwaway 9y ago
  If you make bitcoin illegal, criminals will use it no matter what or just find a way to get anonymous bank account if it happens to be cheaper. Making some technology that criminals use illegal (think guns, knifes, cash, computer networks, snail mail) does not stop criminals from using it and does not stop criminals from committing crimes even if they stop using this technology.
  - the_cat_kittles 9y ago
    im pretty glad hand grenades are illegal
- tyingq 9y ago
  I'm no Bitcoin fanatic, but you could say the same for cash.
  - ycmbntrthrwaway 9y ago
gogeek 9y ago
The idea is nice, but this thing is a complete nonsense. The required information to create such a map is simply not available. Some are wondering about the lack of activity in certain regions: There is trading activity in these areas. Disclaimer: Former exchange operator
- drcode 9y ago
  > The required information to create such a map is simply not available. All the major cryptocurrency exchanges have open APIs that offer access to completed USD/BTC exchanges- Of course there's gaps in the information, why would anyone expect otherwise?
  - mrb 9y ago
    What gogeek means is that this site pretends to show what countries Bitcoin buyers are located, but we simply don't know that. For example if GDAX's API shows a BTC purchase in USD, this site will show the buyer as being in the USA, in reality the buyer could be in any of the numerous countries where the exchange operates (https://support.gdax.com/customer/en/portal/articles/2425188-which-countries-and-states-can-access-gdax- https://support.gdax.com/customer/en/portal/articles/2425188...)
    - anamexis 9y ago
      I don't think that is the premise of this, though - it's not showing where the purchasers are located, but what currency is being traded.
  - gogeek 9y ago
    Let's assume the exchanges provide honest information. Does a trade mean that money has flown into Bitcoin? No. A day trader for example sells and buys his Bitcoins several time a day. We cannot conclude from these trades that a multiple of his Bitcoins has flown into Bitcoin as fiat money.

35 points by rock57 9y ago

amelius 9y ago

Nothing happening in the Eurozone? or Japan?

rock57 9y ago
It seems that (for obvious reasons!) the bulk of the action is happening in US and China. However, I am also surprised that currently transaction volume in currencies of Brazil or Russia exceeds those in Euro or Yen...
- ufo 9y ago
  The bubble is strong here in Brazil. I've recently had lots of nontechnical acquaintances talking about bitcoin these last months.
  - paulpauper 9y ago
    People also talk a lot about amazon, Facebook, and google. Doesn't make it a bubble.
    - rock57 9y ago
      JOE KENNEDY, a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good, a theory also advanced by Bernard Baruch, another vested interest who described the scene before the big Crash: "Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day's financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929."
    - dualogy 9y ago
      > amazon, Facebook, and google. Doesn't make it a bubble Yeah. Well. Funny thing about "bubbles", they're usually reliably identified only after-the-fact...
    - ufo 9y ago
      So far I have never heard my non-technical acquaintances talk about making payments with bitcoin. I have only heard them talk about investing in bitcoin, which sounds very bubbly.
vmateixeira 9y ago
It's almost midnight in Europe...
- rock57 9y ago
  It's 2 am in Russia, but still...
wjh_ 9y ago
It is also pretty late here in Europe, perhaps there's more going on during the daytime

deleted 9y ago

[deleted]

the_cat_kittles 9y ago

im starting to think bitcoin should probably be illegal. its perfect for criminals, with very little value for anyone else. its also potentially catastrophically destabilizing for states. you are welcome to change my mind, but know that im not ignorant of it and have been "using" it since 2012.

LeoPanthera 9y ago
im starting to think cash should probably be illegal. its perfect for criminals, with very little value for anyone else. its also potentially catastrophically destabilizing for states. you are welcome to change my mind, but know that im not ignorant of it and have been "using" it since 2012.
- the_cat_kittles 9y ago
  good try. what about cryptolocker? i also find cash useful.
ycmbntrthrwaway 9y ago
If you make bitcoin illegal, criminals will use it no matter what or just find a way to get anonymous bank account if it happens to be cheaper. Making some technology that criminals use illegal (think guns, knifes, cash, computer networks, snail mail) does not stop criminals from using it and does not stop criminals from committing crimes even if they stop using this technology.
- the_cat_kittles 9y ago
  im pretty glad hand grenades are illegal
tyingq 9y ago
I'm no Bitcoin fanatic, but you could say the same for cash.
- ycmbntrthrwaway 9y ago

gogeek 9y ago

The idea is nice, but this thing is a complete nonsense. The required information to create such a map is simply not available. Some are wondering about the lack of activity in certain regions: There is trading activity in these areas. Disclaimer: Former exchange operator

drcode 9y ago
> The required information to create such a map is simply not available. All the major cryptocurrency exchanges have open APIs that offer access to completed USD/BTC exchanges- Of course there's gaps in the information, why would anyone expect otherwise?
- mrb 9y ago
  What gogeek means is that this site pretends to show what countries Bitcoin buyers are located, but we simply don't know that. For example if GDAX's API shows a BTC purchase in USD, this site will show the buyer as being in the USA, in reality the buyer could be in any of the numerous countries where the exchange operates (https://support.gdax.com/customer/en/portal/articles/2425188-which-countries-and-states-can-access-gdax- https://support.gdax.com/customer/en/portal/articles/2425188...)
  - anamexis 9y ago
    I don't think that is the premise of this, though - it's not showing where the purchasers are located, but what currency is being traded.
- gogeek 9y ago
  Let's assume the exchanges provide honest information. Does a trade mean that money has flown into Bitcoin? No. A day trader for example sells and buys his Bitcoins several time a day. We cannot conclude from these trades that a multiple of his Bitcoins has flown into Bitcoin as fiat money.