
Venezuelan living here updating this week numbers!We are very far from the 500 BTC weekly we were trading months ago. Even lower than 300 BTC weekly.The reason (I think) is the value traded in LocalBitcoin is fixed to USD, so as the BTC price goes up the volume gets down.The trade volume is constant at around 4,500,000 USD weekly. When we were trading around 500 BTC, price was hovering around 10k. That is why. If BTC price goes up to 45,000 USD for example, around 100 BTC would be traded weekly.Remember, this is only measured by LocalBitcoin (For sure the biggest exchange here).I'm Venezuelan "living" here, crypto entusiast. A lot of redditors have helped me somehow!You can ask me anything!Sources:https://bit.ly/34N8tzd via /r/Bitcoin https://bit.ly/3mPF5yO
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