Topic: Why has bitcoin had success in China? - page 2. (Read 7716 times)
Bitcoin is very successful in china because chinese people know the advantage and greatness of bitcoin. they adopted bitcoin from beginning of bitcoin when no one was ready to accept and trust in bitcoin. that time china also trust bitcoin. and now china has the biggest market in bitcoin. and I think they deserve it.
There are a lot of people there in China and some poor people see that Bitcoin will be the future payment method and that it will have a higher value so that it why it is so becoming more popular.
And that is nice and we have to promote Bitcoin more and more so we can make it more used and acceptable.
And that is nice and we have to promote Bitcoin more and more so we can make it more used and acceptable.
I believe that Bitcoin is so successfull is because of the fact that China has allot of people living there so the chance is bigger that more people will use it over there. Also the man who started with Bitcoin is rumored to be from Japan which lies in Asia.
Maybe, one reason is weakness of other methods of online payment in china that caused bitcoin become succsessful.
I believe that Bitcoin is so successfull is because of the fact that China has allot of people living there so the chance is bigger that more people will use it over there. Also the man who started with Bitcoin is rumored to be from Japan which lies in Asia.
Makes me wonder how China has not yet come up with its own BTC. With a population as big as theirs, the potential for a decentralized crypto currency is endless. And with the huge funds rich Chinese have at their disposal, their own BTC could even surpass the growth of the BTC that we have right now.
China is already worked with online currencies in the past so it is easier for them to understand Bitcoin. This gives them a advantage because they have experienced it before.
My guess is that as the Chinese government tries to impose capital control, Bitcoin becomes the perfect escape for many people. Besides, since there is a lot of Chinese online merchants bitcoin becomes the perfect tool for international transactions.
There are likely a lot of people looking for tax havens and was to get their value into any facet they can in Asia in general, so your hypothesis is likely right.I wouldn't say that a lot of Chinese merchants know or use Bitcoin yet, but they might in the future.
Most Chinese do not know about bitcoin and use it as a tool to evade capital control. The volume of transaction is too small.
My guess is that as the Chinese government tries to impose capital control, Bitcoin becomes the perfect escape for many people. Besides, since there is a lot of Chinese online merchants bitcoin becomes the perfect tool for international transactions.
There are likely a lot of people looking for tax havens and was to get their value into any facet they can in Asia in general, so your hypothesis is likely right.I wouldn't say that a lot of Chinese merchants know or use Bitcoin yet, but they might in the future.
Because Chinese censorship is prompting Chinese citizens to use a currency that can get their wealth out of China. Usually you'd have to do so in illegal means which are difficult and risky, but with BTC it's quite easy, and it offers quite a bit of anonymity as well.
My guess is that as the Chinese government tries to impose capital control, Bitcoin becomes the perfect escape for many people. Besides, since there is a lot of Chinese online merchants bitcoin becomes the perfect tool for international transactions.
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BTCC Exchange (and miner) Bobby Lee has another take on why the Chinese government does not care if people buy Bitcoin and send them elsewhere ("capital flight"):
http://bitcoinx.io/news/articles/btcc-exchange-ceo-bobby-lee-shows-how-bitcoin-can-be-used-for-capital-flight/
I read elsewhere today (sorry, don't have the link) that China only cares about DOLLARS being exchanged into YUAN, so sending BTC out is apparently not a concern.
BTCC Exchange (and miner) Bobby Lee has another take on why the Chinese government does not care if people buy Bitcoin and send them elsewhere ("capital flight"):
http://bitcoinx.io/news/articles/btcc-exchange-ceo-bobby-lee-shows-how-bitcoin-can-be-used-for-capital-flight/
I read elsewhere today (sorry, don't have the link) that China only cares about DOLLARS being exchanged into YUAN, so sending BTC out is apparently not a concern.
because i think logically that every each country has its own way.
there is no way certain that in this way, BTC will be successful in a country. depending on the response of the people is also my opinion.
there is no way certain that in this way, BTC will be successful in a country. depending on the response of the people is also my opinion.
I think bitcoin is not only successful in the land of china. bitcoin success in various countries. I live in asia pacific and bitcoin very successful here. bitcoin outline can be successful because many are using it.
Yes bitcoin is also successful in every country where there is a vast user of bitcoin but i think in china there is a vast majority of people living there that is using bitcoin because of the investment they have their.
I think bitcoin is not only successful in the land of china. bitcoin success in various countries. I live in asia pacific and bitcoin very successful here. bitcoin outline can be successful because many are using it.
The government apparently is open to bitcoin so this lets it have a chance to succeed.
nope I think the government will never accept bitcoin or legalize bitcoin before bitcoin can be set and can follow the government regulations. it was a silly thing bitcoin is decentralization? people can not intervene in the use of bitcoin or perform additional rules on bitcoin. bitcoin is freedom so it will be difficult for bitcoin to enter into bitcoinI am agrre with you, goverment always doing only things only profitable for them. Anyway they will make desision not to legalize bitcoin and also they will try limit bitcoin users.
yeah I agree with you friend bitcoin is success in china because all government only need profit and bitcoin have many good service and for earn money way for people and all government want to provide good service for comfortable in public and after success bitcoin in china
I think that happens because there's lots of miners & local exchange, also many stores already accept Bitcoin in China.
Bitcoin is quite well adapt there.
Bitcoin is quite well adapt there.
Because the chinese people are very smart and can see the potential in bitcoin for the future and the problems with government control of fiat money.
The government apparently is open to bitcoin so this lets it have a chance to succeed.
nope I think the government will never accept bitcoin or legalize bitcoin before bitcoin can be set and can follow the government regulations. it was a silly thing bitcoin is decentralization? people can not intervene in the use of bitcoin or perform additional rules on bitcoin. bitcoin is freedom so it will be difficult for bitcoin to enter into bitcoinIn china bitcoin can be more popular because of more people are there and bitcoin is a people's currency.
China as far as I know has the largest number of bitcoin mining centers in the world
No doubt, btc is successful in China
No doubt, btc is successful in China
That ain't success. That's a few tens of guys minting money and not really caring about anything else.
if only people do mining and converts them into fiat. I probably would not say bitcoin success in that country?
One day they may be somewhat free to use Bitcoin the way they want, and the other day the Chinese government will come up with policies to slow down Bitcoin usage as they see the popularity of Bitcoin is only increasing.
yes, its a great sucess in china
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