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Author Topic: Why has bitcoin had success in China?  (Read 7699 times)
hermanhs09
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June 14, 2016, 10:03:44 AM
 #181

I think the main reason behind it is because the Chinese government imposes a limit of forex that each person can maximum redeem each year from CNY. And bitcoin is the way around it.

Everyone likes to have freedom, Chinese included.
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MWesterweele
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June 14, 2016, 12:37:13 PM
 #182

I think the reason of all of that is bitcoins is well introdced and accepted by all people in china since the creator is from china (if my source were right).And bitcoin in china is very well knowned and  accepted by peoples
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July 09, 2016, 02:35:51 PM
 #183

Bitcoin has success in China because 1. The government declares bitcoin as a civil rights, 2 . China has a cheap electricity and cheap payment for labor. That's why mining farms are presently established in China for that reasons.3. The number of people using. Bitcoin users in China will flood given the fact they have a very large population.
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August 15, 2016, 01:30:45 AM
 #184

Bitcoin has success in China because 1. The government declares bitcoin as a civil rights, 2 . China has a cheap electricity and cheap payment for labor. That's why mining farms are presently established in China for that reasons.3. The number of people using. Bitcoin users in China will flood given the fact they have a very large population.
That's correct because in the first place they have a great number of population, and to be hones I would like to see again that china will again buy more bitcoins so I can see a great price increase which could give me profit.

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