bitcoins - skyrocketing demands in Asia

nelsledma

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Quote from: rickadone on October 12, 2017, 09:59:11 AM

Quote from: Drnice on October 11, 2017, 05:47:07 AM

Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

The last time I checked, Asia is a continent, and China was having issues with the use of bitcoin. Maybe some countries in Asia are now accepting bitcoin, but China government has not given a full usage of bitcoin yet which is giving a tough time for miners in the country.

China is indeed a part of Asia and it had recently blocked bitcoin but the good thing for crypto market is that bitcoin defeated China and it survived the hurdles created by the sleeping giant for bitcoin. Bitcoin has proved that this currency is decentralized and no country can get control over bitcoin. Yep, many countries have started utilizing the amazing features of bitcoin such as Pakistan, India etc.

China was trying to control the prices of bitcoin but bitcoin proved that it is not confined to any single part of land it is versatile and it gives neutrally to all and as china bans bitcoin their own citizens are opposing their decisions and all they want is to take off the ban so that they can continue to make profits and get the economic aid from the bitcoin.

Vannie12

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Asia is quite big and there are lot of people in Asian countries. Just like in the country where I am from. The increase in population results to a greater problem in poverty. And when poverty is present a demand in job is also increasing.
In terms of bitcoin, the population causes a greater demand. People see bitcoin as an income to solve poverty.

phr0stbyt3

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You are right the demand is really high because people in aisa always try to get save from paying any tax in whatever way it is possible. Bitcoin not the complete solution to it but as i said it is still one way in order to save those extra funds. Another reason could just be to gain profit from the coin

rickadone

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Quote from: Drnice on October 11, 2017, 05:47:07 AM

Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

The last time I checked, Asia is a continent, and China was having issues with the use of bitcoin. Maybe some countries in Asia are now accepting bitcoin, but China government has not given a full usage of bitcoin yet which is giving a tough time for miners in the country.

China is indeed a part of Asia and it had recently blocked bitcoin but the good thing for crypto market is that bitcoin defeated China and it survived the hurdles created by the sleeping giant for bitcoin. Bitcoin has proved that this currency is decentralized and no country can get control over bitcoin. Yep, many countries have started utilizing the amazing features of bitcoin such as Pakistan, India etc.

Akash1243

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Bitcoins popularity is increasing with which people are understanding about bitcoins and are using and investing in them which maybe the reason of the increase in demands or it could be also that this hardfork is coming which would definitely increase the price as people are buying bitcoins to get more free Bitcoin gold which could be profitable and I hope it is.

MMA

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

Yes in my country many people are now taking interest in bitcoin. They are investing in bitcoin because they have realized that bitcoin is a very profitable coin business in the world. Although there are some threats in investment in bitcoin but still Asian countries are investing in bitcoin with a large amount of people and money. It is a good sign for the betterment and success of bitcoin.

cryp24x

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

The mind set of being rich quickly if they buy Bitcoin. The statement of people that Bitcoin will be $100k to $1million in 5 to 10 years made an impact to make people think that Bitcoin is the easiest way to get rich, just buy, hold and then sell when price hit the $100k mark. There is also an active marketing program in Asia and that too helped so much.

bhadz

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

Not all over Asia bitcoin's demand is skyrocketing, don't focus with Asia only or if you have source about this kindly give it or insert it. I would say that it is not only in Asia that the demand of bitcoin is skyrocketing but in different continents and the reason for it are these;
1. Bitcoin gold
2. Everyone now understand that bitcoin is quickly increasing so those people are now buying for future investment.

Shamie1002

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It's because of the population which co-relates to the number of users,traders, and investors. As we all know China contributed huge and we have seen how it affected the prices when FUD happened. So the use of bitcoin with legality is very important. It's more secure to use such thing especially when you have nothing else to depend on.

daserpent

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Well, logically the demand in asia is definitely going to he larger than all the other continents primarily because asia is home to some of the biggest and most populated countries in the wirld - Russia, China and India.

Given the number of people living in asian part of the world, makes it easy to understand why the demand is higher in asia for crypto as conpared to the demand in other countries or regions in the world.

merchantofzeny

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Quote from: jjacob on October 10, 2017, 01:34:33 PM

Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

You should say Asia-ex China. Demand definitely isn't sky rocketing in China, due to the government's tough stance against Bitcoin.
In countries like Japan and South Korea, friendly regulation has helped demand take off.

Yeah this. East Asia have a favorable view of it although it seems banning ICOs would become a norm for a while. It's also quite accepted in Southeast Asia. Philippines and Vietnam has recognized the legality of it and the other ASEAN members seem to be warming up as well.

Drnice

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

The last time I checked, Asia is a continent, and China was having issues with the use of bitcoin. Maybe some countries in Asia are now accepting bitcoin, but China government has not given a full usage of bitcoin yet which is giving a tough time for miners in the country.

HarleyQuinn9876

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

The demand for bitcoin soared in Asia. This is a normal thing. Bitcoin has a lot of advertising campaigns around the world. There are many people in the world who already know and use bitcoin. Asia has many developing countries. Bitcoin can help the country's economy change. This is why demand for bitcoin is skyrocketing

Sled

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The Asian people are the one who are being aggressive in bitcoin and they are the leading race in the world who are adopting bitcoin and implement it into their lives as a part of their source of income aside from their job and some of them just leave their job and focus in bitcoin because they believe that it will be a good decision to focus full time in bitcoin so they can earn more and learn more with it.

0t3p0t

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

I am from Asia and I am living in a third world country that accepts Bitcoin. I am happy even though our country is not a highly developed one but still we can interact with Bitcoin though central bank regulated our local exchanges we are sitll happy because cryptocurrencies are not banned in here though not legalized but is accepted by the government. Asia has big role in cryptocurrency because based on what I've observed Asian countries are more active in crypto investments. Maybe because majority of countries in Asia are in still in the process of developing. Most of Asian has extended families so helping each other like sharing ideas about cryptocurrency is easier. Here in my country most of online earners are into crypto because of the fact that it is more profitable in cryptos than fiat money and also, in crypto there is no need for us to be having a masters degree or having skills, internet connection, mobile phone and ideas are enough.

Unplugged

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The population in Asia alone is a whopping 4.4 Billion in 2016. That leaves the other 3.4 Billion spread across America, Africa, Europe and Australia. The demand here in Asia is really high due to its huge population and it is increasing by the minute. Over the past few years technology have also significantly risen in most of it's region. Thus creating a Goldilocks zone for cryptocurrency. Huge volume of user plus internet = Skyrocketing demands.

Nahl

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in Asia only several countries admit bitcoin as the currency including Japan but because most of the countries from that continent don't banned bitcoin that's why demand for bitcoin is very increasing however i was wondering that there is a plan for some people buy bitcoin because hardfork and they want free money if bitcoin split to bitcoin gold 1 : 1 so that's why bitcoin price still climbing up untill today

Kotone

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Quote from: arcds9 on October 10, 2017, 12:11:44 PM

bitcoins - skyrocketing demands in Asia, it is true........So, what are the reasons behind this?

I think because amongst the regions in the entire World. Asia aside from china obviously have more leniency regarding cryptocurrency and has kept an open mind regarding the trade and people are much more willing to invest and sell and trade than other races.

panju1

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Quote from: Sadlife on October 10, 2017, 08:33:27 PM

It appears that the reasons is mostly japan and philippines because they were the first asian countries to adopt and legalized bitcoin then the other countries who is having doubts have finally made up their mind then few days after south korea decided to invest in bitcoin. I guess after they saw that the other near countries is buying a crypto currency that might change one countries economy for good they've decided to take the risk.

Phillippines has a huge, internet savvy population. They also have large remittances. So it is inevitable that Bitcoin becomes popular there. Demand in Japan has been driven by bitcoin-friendly regulations.

romecheo

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There are more than 40 countries in the continent of Asia, and most of those countries are supporting Bitcoin,

As Bitcoin gain popularity, and almost every part of the world are reaching by Bitcoin. Asian people are open minded as I could see, and they are open for new things or technology, Asian are extremely enjoying Bitcoin.

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