Bitcoin Forum

In a report earlier this week, it was gathered that a recent survey conducted in China brought a result of 66% saying there's no need for Bitcoin  and other cryptocurencies. Do you consider this a FUD or it's the actual representation of their thoughts?

fud= fear uncertainty, doubt

saying something is unnecessary is not going to cause fear
saying something is unnecessary is not going to cause uncertainty
saying something is unnecessary is not going to cause doubt

66% of americans think that a passport is unnecessary because they have no plans to leave the country.
this does not mean that passports are useless
this does not mean that passports are to be feared or people holding passports should be afraid
this does not mean that passports are now in doubt

what you need to consider is if this stat was properly representational of china
34% of chinese would consider crypto

It all depends on who was asked the question whether cryptocurrencies are needed or not. If it was a group of older people, it still looks pretty good. Let's not forget that despite positive signals, China is still a communist country, so there is a very high probability that results of such survey is not entirely true.

If this survey is real, then I find the numbers pretty optimistic. At least put a god damn link to the source. How the hell are we going to speculate on this without knowing who made this survey? Look how I am going to manipulate this:

If 66% of the Chinese population say there is no need for bitcoin/crypto, and since you didn't provide any source to the survey, then I can assume that the other 33% of the population is saying there is a need for bitcoin/crypto which is way higher than what I normally expect from any country.

See suddenly It looks like 33% of the Chinese population supports Bitcoin!


Which is a win in my book.

Hello don't get me wrong but 66% of this is significant value especially for the country in which lives a huge number of people. You can specify the source in which you will learn about the results of the survey ?)

Is this really the actual voice of the Chinese population or is it the voice of their communist government? Do you have a link of the survey that is written in English?

A lot depends on the age group of the surveyed people as well. If the survey was conducted on the 60+ age group, this is the desired outcome. But if the survey was done among the tech savy generation, I am sure the outcome would be quite different.

I personally feel that the outcome is manipulated by the government or similar enforcement agencies under the government. Chinese population can't be that much backward thinking!

It's possible that what the OP says is true, for me this thing certainly has something to do with the period of strict restrictions from the Chinese government that occurred a few months ago there especially on a large number of cryptocurrency investors, and some exchanges in China. Besides that, the Chinese government also prohibits the existence of anonymous trading and the prohibition of crypto in general which makes the market fall.

Previously bitcoin was a champion there, because at that time the development of bitcoin was very drastic and volatile. However, because the crypto value's considered too volatile, it seems that this condition has triggered social jealousy for the Chinese government. Instead of contributing to the development of crypto currencies, they revolutionized Antshares (ANS) into NEO which is also the only crypto currency (fully supported). Unfortunately the Chinese government's treatment is unfair because they narrow down all other crypto movements, such as bitcoin, ethereum and some of the other best coins.

actually it wasnt
antpool is actually made up of like half a dozen facilities spread out over multiple countries
f2pool is just a stratum. (server) and people around the world linked to it
slushpool is managed from thailand
i could go on

but most propaganda was that those main pools were all "china"

even things like the ASICs. people thought was "china". but infact if they studied geography and researched the manufacturer they would know that taiwan is a separate island and country called the 'republic of china' which is different than china itself 'peoples republic of china'

anyway geography put aside

in the past it was 1% of people thought/knew about bitcoin. then a few percent.. an now if that statistic had any merit..... 34% say bitcoin has a place in the economy. which (without fluffy clouding it) if it has merit, then thats good news.

dont worry about the 66% just like no one cared about 99% just a couple years ago
the point is 34% is actually significant and positive number

I don't see any FUD in giving out an opinion. Years ago, some of you here may have also shared similar thoughts about bitcoin until you realized that it has indeed some place in the current financial landscape of the world. The 66% isn't really a static number of anti-bitcoiners, and that's only confined in China, too, so i don't think there shouldn't be any worries whatsoever as we're only talking about a single country in here.

Oh and remember, China is the land of uncertainty for bitcoin and crypto, yet they are still in the game for years.

It is unnecessary for each of them until their authoritative goverment orders the banks to seize their bank accounts for some reason. Also those people who took the survey are possibly those ordinary residents who care only to go to school, work and die peacefully.

Can you put in the source of that claim?

Anyway, it can be true. It's probably just due to the Chinese people thinking about the current financial system, "why fix it, if it ain't broke", without knowing about the pitfalls of the current financial system. Basically, they make such claim because of ignorance. Guess who mostly think that cryptocurrencies are needed? People who have been in a country that had a economic crisis (e.g. Venezuela). Some or most people in powerhouse countries like China are just living comfortably not knowing what's happening in the 3rd world countries around them. Unfortunately, probably the only way of them knowing the importance of cryptocurrencies is when they experience a economic crisis themselves.

I don't think that this survey is real unless you will give the source of this report. And even if this survey is real, I will still don't trust it because how sure are we that those people who took those surveys have basic understanding on what and how Bitcoin and other cryptocurrency works? If you don't understand cryptocurrency then you can't just say that there's no need for it. Btw I don't consider it as FUD since it can't bring fear, uncertainty and doubt to crypto investors. It is just a random numbers without source.

In my opinion, the reason why Chinese people say cryptocurrencies are not necessary is that cryptocurrencies' propoganda is not enough, they don't have too many ideas about this. Otherwise, mobile payment is very very convinient in China, if cryptocurrency and mobile payment are both E-pay, if I don't understand what is cryptocurrency and its usage, why do I need it? This may be the most people's thought.

Agree with you.

This only means 66% of people in China are afraid of their own government or they do not know what financial freedom means. Yes, I know the Chinese people are very disciplined and most of them do not challenge their own government, but it is not a true reflection of their opinion, if people are making decisions that are based on fear.

Ask the same question to people in the western world and you will get a different response. <A lot of people do not care, because their financial freedom has not been challenged yet.>  ::)

For those who seek the source of this news :

https://www.ccn.com/63-of-chinese-respondents-think-bitcoin-and-cryptocurrencies-are-unnecessary/
http://panews.io/index.php?page=content_news&id=1115

The survey was conducted on 4200 people in China (population 1,4 billion), this is very low number of people so that we could make some serious conclusions on this subject. In China there is a communist party in power, and most people do not express their opinions freely. We all know that China's official attitude toward BTC is not good, so it is realistic to expect that most people share the opinion of their government.

In today's generation where a lot of people are not open to bitcoin and cryptocurrencies, I also think that they will think it's not important and we can just live without it. :(

Chinese is a difficult language so it was probably lost in translation. Bitcoin is needed to solve the problems of a controlled economy, as most of them use a VPN for internet access they know the problem centralised control can bring

When publishing such news, you should always provide a link to the source. Otherwise, we can not objectively assess the situation because we are not sure of their reliability. As such, this news makes no sense.

I thought the Chinese were positive about bitcoin. It seems to me that the results of the survey are incorrect. Moreover, you have not provided a link to the source of the news. Perhaps this is some kind of unreliable source, which should not be believed.

Wow so 34 % of the Chinese people  find a need for Bitcoins and other crypto's. This is one of the best surveys I have ever seen about cryptocurrency.
Out of  China's population of more than 1.4 billion people 470 millions support bitcoins and other crypto's. This is a massive number.

At the moment, China is home to 1.386 billion people.Do you really think that someone interviewed 66% of the people from this number.Do not you think that these figures are taken out of thin air.In General, I think it is too early to conduct such surveys.Many simply do not know what cryptocurrency is.And if the person to ask whether you need cryptocurrency, of course he will answer no).It's logical.

       I do not think the survey is real. But if it is real, it matters a lot what the social class of people was asked about the usefulness of the crypto market and how old those people were. Probably old people were asked. Most of the founders of the crypto projects are of Asian origin, so it is hard for me to believe the Chinese people are rejecting the idea of ​​technology. If you were asking younger people, the results would be different. Even if China is a communist people, people there are open to technology.

In fact, this may be true, because China's cashless payment is very developed, and many Chinese people's understanding of electronic money is not limited to crypto. They have many ways to realize cashless transactions, such as Alipay, WeChat, etc., even Their bank card online transfer is also very fast, which is very different from other countries, so the Chinese may not think Bitcoin is particularly needed.

This question is difficult to give an exact answer. Since some of the crypto is really not needed, but someone really needs it. The survey has nothing to say.

Bitcoin is part of technology and technology is absolutely necessary because this is the future of payments.

Investing on a digital currency or cryptocurrency is not bad. But if you are investing because you want to get rich, then you're wreck. Don't invest more than you can afford to lose, as the risk is still very high due to market's volatility.

it is quite likely that they think so and can be understood because many people have stopped believing in cryptocurrency after they have fallen in price.

it goes to show how low understanding of some people from bitcoin is and how caught up they are in the shitshow called altcoin pump and dumps.

the fact is bitcoin is a necessity in today's world that the monetary systems of many countries are corrupted and banks are controlling everything while they are bankrupt themselves and need bailing out.
but unfortunately newbies who enter the market are only seeing the profit and pump and dumps of altcoins and get caught up in that. and the worst part is when they make statements like this topic!

there was a breaking news before ( specifically last two year's ago on 2017 ) which claims that the chinese country are banning the use of cryptos but after a year or so ,  we unexpectedly heard that china are now unbanning cryptos . 


what survey ? you mean the news ?  the news werent incorect  .


maybe he only forgot to give credits or maybe this topic is just a mere speculation only  .


you must follow your own instincs before you believe or not  .


yes its not necesary to join or own them because they are only alternative and mainly been used online  .

It is just their opinions and we have to respect that. I do not consider it as a fud, in fact that's the reality. We've been living for years before without bitcoin. It's just that cryptocurrency is a part of advanced technology and we wanted to be a part of it.

I agree that in this case it is of great importance to the cryptocurrency of the Chinese government, and as you know, it strongly criticizes it and believes that the cryptocurrency has a negative impact on the Chinese economy. Therefore, it is not surprising that a certain part of the population treats cryptocurrency with distrust and even considers it useless. As cryptocurrency develops, this attitude will also change. Therefore, such a result of the survey, even if it reflects the real picture, is normal for China.

Looking at it from this perspective it sure looks good when you consider the total population in China.
Bitcoin for now is mainly used for investment purposes and not actual exchange. Anyone not interested in high risk investment would not be so interested in bitcoin. With time, and development. They would realize the utility offered by bitcoin.

this is not even FUD, it is nonsense mainly because OP has no source and also because the evidence is against his fake claims. we have seen this in the past couple of years that Chinese people have shown the most amount of interest to bitcoin and that in all of its aspects not just one. from trading to mining and as a currency they do it all! so saying they "say it is not necessary" is pure bullshit.

If the price of bitcoin keep go up then they will say different. They only interested in profit but if they understand that the concept of bitcoin that is not controlled by any central authority then they will realize that bitcoin is like a gold but in the internet.

China has show great interest in crypto currency,
So I think this is just a mistake and besides if this is true you should have put some link to provide some evidence to back this up.

since when are people listening to what Chinese (government) says? don't read the title wrong it is their government spreading propaganda against bitcoin ever since the adoption of bitcoin grew too much and out of their hands in their country they wanted to suppress it as much as they could. you can see how they were backing centralized shitcoins over the past year while giving bitcoin low ranks among them! that is because they are scared of bitcoin and decentralization.

I think if you make a survey in a different place, the result won't be that much of a difference. At this point, those who believe in crypto are few compared to those who are skeptic about it. Crypto is still a young market at around 10 years old so i think it's normal that confidence is not yet that high not only in china but most countries.

i believe most of the people who participated in that survey don't really fully understand bitcoin and its usage under the blockchain technology. I see no reason why an open minded educated person will say something that is much easier, faster and safer to use is not necessary, that means the person does not want growth. The chinese people should get more education on the benefits of using bitcoin over fiat.

They could have manipulated the results for all we know.


You just have to look at their government and how they wanted to control everything. I doubt that they will gave us results that will bring positive news about bitcoin. The data sample is so small that I don't think it represented what the sentiments of the Chinese people are so I'm not even surprised by this.

We have different opinions and beliefs and everyone is entitled to his/her own opinion. Cryptocurrencies in China is not yet widely known if you compare it to the other countries where regulations are not strict. Many surveys are also being paid by some group of people or organization to push their plans and these surveys taken from the opinions of the chinese people might have no difference.

China's population is no joke and they only conducted the survey to 4,200 people there. I don't think it's enough to conclude that cryptocurrencies are not necessary for them and to represent the whole Chinese population.
Also look at the brighter side, among those people they have asked, 98.22% of it knows bitcoin and/or cryptocurrencies. It's a good thing though, it just that they don't fully understand how it works.

Do you have a link of this article?

Anyway, wouldn't be surprised if they do feel this way. They can pretty much get by with digital yuan payments. People in the West might see a problem with that but the Chinese aren't exactly heavy on "liberty". They don't care much if the gov't is snooping on them all the time as ling as they're comfortable.

Yeah it is all fake news and we should not listen to them as they are only making fraud and try ting to demotivate us for investing in crypto currency most of time whales use to spread this kind of news, so I am not going to trust them I am just holding my coin and it is very important for my country to for economical development that’s why people of my country don’t trust such news,.

It will be good to know the details of such report and how it was conducted. Maybe it was conducted among older people who entirely won’t need to use any cryptocurrency. This also doesn’t mean it’s not or does not mean it’s bad. So I don’t see why this should cause any FUD. Moreso there is still 34% remaining that will probably consider using cryptocurrency of a good age range.

We cannot force anyone to like cryptocurrency, this is not a FUD but its more on a fact for Chinese people/government. Yes, we are all entitled for any opinion but for me I still believe on cryptocurrency and in time China will adopt the system and use it for a better and a lot more faster transactions.

Can you imagine how much this survey would cost if 66% of Chinese people were actually interviewed?I think that it is not necessary to take seriously this news.I also don't think that 66% can know anything about cryptocurrencies.At the moment, not many people know about it.

They don't need it? If they didn't there wouldn't be a ban in China. The facts are different than Chinese propaganda machine wants you to think. When wealthy businessmen found out about Bitcoin they begun to send money offshore. Chinese government restricts the flow of money because it wants the money to be spent on the local market.
Bitcoin is a global tool that allows you to send money anywhere in minutes and at a very low price. They don't want you to have this power.

It is not FUD as it does not have a dorect bearing on thw market.Most person still do not understand how cryptos work, hence the kind of response you will get from them.It is also worth noting that China is  a place where cryptos are banned, that can create a psychological impact on how people view bitcoin.

it's just a Chinese estimate. but we don't know what other people on the market expect. because we believe not only in one country. but there are still many countries that have not submitted their opinions on the blockchain.

Always Chinese people stand a way apart from the global community. This isn't a planned one, by nature they've been grown in such a way. Similar is the listing of top cryptocurrency in usage, it has provided a much controversial listing. This is just because they're different.

First of all I don't believe the survey result, and there are a lot of people that still don't understand about bitcoin or crypto currencies, most of them. Only know the surface of the crypto and doesn't know the real usage, they don't know that using crypto as payment is really efficient and could give them freedom, Chinese people's maybe said that they don't need it but there are a lot of Chinese people mining crypto

Coming from the country with the largest Bitcoin usage, perhaps simply because it has the largest population, makes this comment even more nonsensical. Perhaps the communist party doesn't like it, being socialists and all it goes against their dogma to give power to the people so they can choose for themselves... But as far as the economy is concerned, China has shown more pragmatism and less socialism, at least after Mao died.

Considering the amount of wealth Bitcoin has created, it would be stupid to stay out of the pie. But you know, socialism...

This can be a real study however we should understand that people in China are still under the heavy influence of the government and so opinions can be quite questionable. And we have to take into considerations that the study was conducted precisely to just back-up the conviction of the government that they don't need what cryptocurrency can offer because this is decentralized and something that is beyond their own control. There is no real democracy in China and the government and the people are both thriving under this climate well so in my opinion we should once and for all leave things at that and consider this market scratched out of the table (though the underground market is always present in there as the government has no enough resources to track each person living in the country and that counter-technologies can easily be utilized online).

Assuming the survey is even truthful, the current situation in China may explain this. Digital payment is big there, they can pay almost everything through apps. People find it convenient, the gov't find it extremely good they can track everything, everyone's "happy".

At least until you run afoul of the Party.


LOL, I suddenly thought of this... "Speak freely".

https://youtu.be/kiGHHL5IYyY

Yes they really dont need it thats why they already banned it  but i heard that  lately they are now unbanning it again  . confusing isnt it ?  Maybe not all chinese didnt like crypto because we know the fact that chinese people are mainly business mens . they are willing to risk in any investment including bitcoin just to earn a profit .

But overall ,  chinese people do have a point  .  crypto is not really necesary because people can still live freely and happily without it  .  we still have our own local currency .

The Chinese being in love with BTC was always a myth.

When it was widely available they only used it for gambling on their exchanges. Other than that it's mining only and I remember one of the few interviews I've seen with a Chinese miner saying that most of them do not understand anything about it, they only want more fiat immediately.

Bitcoin is better off without China's involvement on any level.

It's hard to convey how deeply they're in Wechat. It's everywhere and in everything. That's your one stop digital rogering. It looks like the Chinese are more than happy to walk into absolute control but there's no point trying to guess their mind set about it.



It's never been banned. Not for a second. Centralised trading has been.

What survey?Who conducted the survey?do you have some links about this?if not then this is a FUD because theres no supporting proof about this statement because this can only be You whos telling this lie but lets consider that is is true,then who cares about Chinese statements?they don’t represent the whole world and cryptocurrency can grow and progress even without them believing this

The is a FUd because the entire world need a global currency which will link the whole world as the world is now a global village which need currencies that will not be border restricted. Even as I don't believe the news because China is one of the highest supporter of cryptocurrency and you post does not have a link to verify the news.

I don't see the above as FUD but a representation of an opinion but I can't confirm if the opinion is of the general citizen of China because no link is provided.

However, if they say it is not necessary, it could be because they are feeling disenchanted with it.

That is a totally from fud which is a clear testimonials to give doubts on other ppl that staring crypto currency especially those holders. Well i suggest to ignore it because it's nonsense actually.   Which must believe whats the real future in cryptocurrency rather than making a nonsense discussion from fuds.

I don't care about anyone who said bad or good things about crypto but myself.
Since I've experience it by myself, I can say that crypto is the new way of transaction and new way of investment.
I keep believe it no matter what will happen !

when a government takes it's stand against something, people of that country will express similar thoughts, especially in Asia where most of the governments use law enforcers to keep citizens silent ;)

For any survey to be conducted there will be a set of rules that they follow and they have to release that details to understand the depth of the survey. It is not necessary or mandatory to hold anything, investing into something is individual choices and if someone is not interested does not mean that everyone has to follow his practices.

The level of acceptance of bitcoin and other cryptocurrencies in any country is not expected to be up to 50%. Cryptocurrency is still in it growing stage. This can not be consider as FUD.

I have been around in this cryptocurrency space to know that this is a fud.
Price in  crypto market is driven by the factor of speculation .
So this is just a fud to get the prices of cryptocurrency to fall ,so they can bag some more.

if seen from the statement, maybe it's just from their thoughts, I'm sure if they know bitcoin I think they will be in bitcoin and that's a sure thing and they won't avoid bitcoin.

Any one saying bitcoin or cryptocurrency  is unnecessary is just spreading FUD(fear uncertainty and despair)  and this are the reasons why cryptocurrency has not gotten to it maximum

That might be a biased survey. If they really think that way, they wouldn't be one of the countries with the highest volume by mining. As far as I'm concerned, cryptocurrencies are necessary since in the future, modern problems will arise and it will be the solution.

Who conducted the survey and what were the questions asked and what is the age range, these factors should be considered for the survey to be factual or is it just made to look that Bitcoin is not needed, a survey can do that, depending on the questions and who commissioned it, if the government then the result will be favorable to them.

i dont know about it, but i know that china is the biggest country that use bitcoin, there are many miners on china and i think they will still use bitcoin and mine bitcoin during they can makes some profit from bitcoin mining

They don't literally need it to live, but the interest has shown they want it. If there's no need for something you don't need to take action and you don't need to restrict it or ban it. It will die on its own. They banned it and kept restricting it for years. First they forbid banks to deal with exchanges then banned exchanges totally and later restricted mining. People want it and see an opportunity but they are living in a country where human rights mean nothing.

China banned Bitcoin and stop all cryptocurrency exchanges but we all know that there are still a lot of Chinese people who are into cryptocurrency and holds a big portion of it while being discreet so their government would not track them. I think only their government says that cryptocurrency is not necessary while their people is keep using it.

Well this is something that no one believes, the Chinese community in bitcoin and altcoin is very big, there are many operations and negotiations that come from China, suffer many inhibitions, however, they take the path of technology to participate, this It is not the feeling of the entire Chinese people. In addition, that option is not viable.

I will consider this post as fuds and spam as it did not include the source link of the article, this seems like a makeup survey to justify the government from banning and restricting cryptocurrency in China, as we all know you cannot make something that is not in accordance with the government of China this is just meant to favor the government propaganda.

Firstly we need to remember that Bitcoin is not a central currency of any country. So why peoples are thinking as a FUD? We saw many kinds of news which against bitcoin acceptance but is there stopped bitcoin? NO. So just walk and walk forward to the destination, don't behind to dark.

i am chinese, in china, at least 90% of people don't know btc; but our county big population base，we have a lot of btc holder；the biggest btc miner pool is from china, the biggest crypt exchange is from china;
我真的来自中国哦

66% of 1.4 billion Chinese is 936 085 212. This means about Four Hundred Million (482 225 716) Chinese people want Bitcoin and Cryptocurrency or are OK with them.  This is a very important number  if you ask me. I know they probably surveyed thousands of people but a number close to this could still be obtained on a large scale

Majority of the Bitcoin users worldwide are from China. I don't know the exact number but I think that they are just creating a FUD. Chinese are really believers of cryptocurrencies.

I've been reading that article whole article was about that many people in China want to invest in bitcoin
Also many miners from China who suspend his operation are coming back because they see profit from upcoming halving

Of course it is. If your government had the right to public executions and tortures, you'd be afraid to speak freely. Had bitcoin been banned in my country, I'd have reasons to claim that I'm not using it and don't need it, even if it was a lie.
For me the best proof that people in China need Bitcoin is that it allows them to travel with undisclosed amounts of money, which circumvents local laws. When you are a citizen and have a house in China you can't sell it all just like that, pack money into a bag and board a plane. Bitcoin changes everything.

Link to the survey would have been good but never mind, even if 66% people voted cryptocurrency as not necessary so question is what are the views of the other 34% and also is this a free vote of the people or the vote of the Chinese communist government??

Well, I'm not bother or surprise with the Chinese government statement because they are never totally a supporter of crypto currencies they follow/allow it because of the money they get from miners tax and we both know the Chinese government love the act of abusing power and the decentralized in nature of crypto currency won't give room for such thing. So, we can't expect good thing fro such government


 

I am agree, china government never support bitcoin. But we should remember, biggest bitcoin miner is at china and i think chinese people like bitcoin as investment and china could lead in crypto market