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Author Topic: Why has bitcoin had success in China?  (Read 7699 times)
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April 07, 2016, 05:12:29 PM
 #81

why bitcoin success in china it's because a lot people in china  want run from taxpayer and their look bitcoin is good to keep their money and plus they can earn money too.
you are right. other than that bitcoin is very easy to find, so this really makes a lot of people are interested to find and use, especially in China and maybe it will grow again
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April 07, 2016, 06:21:23 PM
 #82

why bitcoin success in china it's because a lot people in china  want run from taxpayer and their look bitcoin is good to keep their money and plus they can earn money too.
you are right. other than that bitcoin is very easy to find, so this really makes a lot of people are interested to find and use, especially in China and maybe it will grow again
yeah more people in China were using bitcoin, the reason behind that is more mining farms are situated in China, and due to that people will be more aware about bitcoin. So it is more successful .




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April 07, 2016, 08:21:53 PM
 #83

Capital control is in USA not in China
Chinise had his digital currencys before bitcoin appear and bitcoin is for them very good source of incomes
And there is so many Chinise cizens
Yes, maybe the thing of existence of another digital money can help for easier introduction of bitcoin.

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April 07, 2016, 08:58:59 PM
 #84

why bitcoin success in china it's because a lot people in china  want run from taxpayer and their look bitcoin is good to keep their money and plus they can earn money too.
you are right. other than that bitcoin is very easy to find, so this really makes a lot of people are interested to find and use, especially in China and maybe it will grow again

Indeed, they just can than have money without any taxes because taxes are of course very annoying and with the bitcoin you do not have to worry about that.
Plus another fact is that there a  lot of miners that are earning big money so I think that also could be a reason.
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April 07, 2016, 09:36:36 PM
 #85

Most likely china just has a lot of people that also heard about the bitcoin and they know if they use it they have no taxes and its also easy to earn money because some people in china are just very poor if you ask me.
And what is already mentioned here above is about the miners, I think the miners are also a point why its so popular in china.

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April 07, 2016, 11:31:31 PM
 #86

it is mainly because Chinese people do consider bitcoin as a tool to avoid strict Chinese capital controls as well as the promise of easy profits in virtual currencies are attracting more people in china.
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April 07, 2016, 11:36:12 PM
 #87

If bitcoin was a success in China we'd all be rolling in it. Look at the node counts and think about what you can actually do with it there. No one's making much use of it. Some miners are making money, a bunch of traders on exchanges are dicking around and that's about it.
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April 08, 2016, 12:03:20 AM
 #88

The fact the chineses being able to get out of the governement full control at their finances may be one of the reasons because it has such sucess there.
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April 08, 2016, 01:09:27 AM
 #89

I think the people of China are going to be more advance, they are trying their best to adopt any modern technology, wgich they think will benefit their country
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April 08, 2016, 01:29:48 AM
 #90

The fact the chineses being able to get out of the governement full control at their finances may be one of the reasons because it has such sucess there.

and goverment support bitcoin and cryptocurrency too, the regulation updates every times, so bitcoin can groeing faster in chinese than other country.
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April 08, 2016, 01:34:37 AM
 #91

China as far as I know has the largest number of bitcoin mining centers in the world
No doubt, btc is successful in China

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April 08, 2016, 02:11:36 AM
 #92

China as far as I know has the largest number of bitcoin mining centers in the world
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.
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April 08, 2016, 04:18:40 AM
 #93

China as far as I know has the largest number of bitcoin mining centers in the world
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.


Wait until (if) China allows gold to be bought for Bitcoin like you can here in the USA, then BTC will have another growth pathway.  The Chinese people respect gold more than Americans do.

If more Chinese become concerned over their economic problems, then BTC's appeal as a way to avoid capital controls will spur it along even more.
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April 08, 2016, 04:24:07 AM
 #94

China has a lot of people that just sit at their computers all day and night just entering in data so they can earn alittle bit coin. That's why they are so successful at getting bitcoin. Oh and the mine that is size of a football field helps too  Cheesy

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April 08, 2016, 05:45:20 AM
 #95

why bitcoin success in china it's because a lot people in china  want run from taxpayer and their look bitcoin is good to keep their money and plus they can earn money too.
you are right. other than that bitcoin is very easy to find, so this really makes a lot of people are interested to find and use, especially in China and maybe it will grow again

Yeah, it is also one good point that bitcoin is spreading faster in China, in China no one can escape from paying tax easily and so in this way they can find a way to stay away in paying high taxes etc.
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April 08, 2016, 02:09:35 PM
 #96

China as far as I know has the largest number of bitcoin mining centers in the world
No doubt, btc is successful in China

True, bitcoin has got highest mining as well it has got support from its government itself which added it's success in China.

 
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April 08, 2016, 02:18:55 PM
 #97

China have low priced electricity for BTC mining, this is Nr.1 - look at China BTC mining farms, where you can find something similar ?
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April 08, 2016, 02:21:08 PM
 #98

China have low priced electricity for BTC mining, this is Nr.1 - look at China BTC mining farms, where you can find something similar ?
and also china has many population and they will do anything just to earn they wanted to have mining and that's works successfully from them and also a big help to the community.

 
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April 08, 2016, 02:45:07 PM
 #99

China have low priced electricity for BTC mining, this is Nr.1 - look at China BTC mining farms, where you can find something similar ?
thats true, china usually has really cheap electricity that allows them to mine a lot of bitcoins for low electricity bills what is actually really profitable in my opinion

besides that they have cheap gadgets with which they can mine a lot of bitcoins so it also actually gives them a lot of advantages in my opinion
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April 08, 2016, 03:59:01 PM
 #100

I'm actually very pleased because Chinese people adopting new things very fast, Finally US have major competitor on every field. This is good for bitcoin decentralisation, one government cannot influence a lot..At least they can't ban it.
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