Why has bitcoin had success in China?

[tmfp]

Evading capital controls would seem a logical use for bitcoin.
Also gambling, and "investing" in one of the biggest Bitcoin based scams in the world, MMMGlobal.
Why else would their log in page be showing nearly 3 million Chinese visits a month and a place in the top 1000 most visited websites?

[1713568468]

1713568468

[1713568468]

1713568468

[1713568468]

1713568468

[MaritiJames3]

Honestly I think it has a lot of success because of the miners that are used there, there are just so much miners in china its ridiculous.
I think that is the point plus they are thinking its a good currency, Chinese people love new things.

[Hirose UK]

How do you define "success"? I think only a very very small percentage of Chinese is using bitcoin. Not many merchants in China accept bitcoins. It is still far from "success" IMO.

yeah, we can't call it "success" as long as the usage of bitcoin is not 80% to 90%.
so OP should explain how success he meant.

but I think the reason why bitcoin is easier to be accepted is interesting. Q coin. I wonder do Chinese people already abandon the Q coin.

[pooya87]

i think part of the big success if any, is about the mining of bitcoin and the big mining farms that are located in China. that alone will create a lot of publicity for bitcoin and makes the mining farm owners big whales. but also another part of it is because they are not so close minded like other countries like US about the new technologies and have embrace it so far.

[Scream]

Why has bitcoin had success in China?
for me satoshi nakamoto live at chinese
and i read some news chinese have official cryptocurrency with decentralized system for his country, but not yet launch.

[betohell]

Honestly I think it has a lot of success because of the miners that are used there, there are just so much miners in china its ridiculous.
I think that is the point plus they are thinking its a good currency, Chinese people love new things.

bitcoin has a lot of users in that country. local exchange sites are also a lot in that country. many stores already accept bitcoin as well. it proves that bitcoin is quite spread in china

[romero121]

Why has bitcoin had success in China?
for me satoshi nakamoto live at chinese
and i read some news chinese have official cryptocurrency with decentralized system for his country, but not yet launch.

I believe Chinese are much interested into technological advancement and trust it. Even I feel the government is also a major factor. No other government had come up with a plan of introducing their own digital currency other than china.

[Master_dandosha]

Chinese are modern people and like the work with good payment rates government has a basic rules in this . so for sure if you introduces any business in china related to economic you would see good result for it .
So BTC\digital currency is a huge project with good economic chances and Chineses will not miss it
 

[Vaskiy]

Honestly I think it has a lot of success because of the miners that are used there, there are just so much miners in china its ridiculous.
I think that is the point plus they are thinking its a good currency, Chinese people love new things.

bitcoin has a lot of users in that country. local exchange sites are also a lot in that country. many stores already accept bitcoin as well. it proves that bitcoin is quite spread in china

not only lot of users, lot of miners and mining farms are there in china. Also they were eager to adopt new technologies and their government support lot lot than other countries.

[hawkins]

as we know so far. China has a huge population, it makes very many people who can not work, so look for bitcoin is one alternative to use for the money there.

[arbitrage]

Chinese people investing in everything they can get, because they have money and they are probably right with this one, and with LTC. They just have good sense for business, and for investments. This is why they will rule this world one they!

[vero]

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.

[quentincole32]

Chinese people investing in everything they can get, because they have money and they are probably right with this one, and with LTC. They just have good sense for business, and for investments. This is why they will rule this world one they!

not just chinese poeple who investing in everything,US people also do that. i think bitcoin succes in china just because china goverment have good welcoming to bitcoin,its why so many bitcoin exchange and people use bitcoin in china.

[diodio5]

Why has bitcoin had success in China?
for me satoshi nakamoto live at chinese
and i read some news chinese have official cryptocurrency with decentralized system for his country, but not yet launch.

Lol is satoshi Nakamoto came from Japan ? I think not because of it bitcoin success in china dude
China has a very large population. and many of those who have not become rich. so they are very welcome with bitcoin, where much of the population of China is a bitcoin miner. they work on bitcoin

[0day]

Bitcoin had success in China because their people are more oriented towards business and bitcoin nowadays giving a big opportunity for business,(online business), so in that way more Chinese are there with Bitcoin and they are adopting bitcoin on a big rate.

[talkbitcoin]

i think it is mostly because of the major miners in China. they are these big whales with a lot of bitcoin that are gaining a lot of money and bringing a lot of publicity for bitcoin in their country.

[arbitrage]

And they adapting very fast new things, i believe we can expect many new things from China and they
will become technological leader , not only in this region, but in the whole world. Everything started with
cheap clothes, who would ever thought?

[lissandra]

i think it is mostly because of the major miners in China. they are these big whales with a lot of bitcoin that are gaining a lot of money and bringing a lot of publicity for bitcoin in their country.

this is probably the only one of the few legit reasons.

if there is more home miners in china, because the cost is very feasible then outside from the whales over there and bigger miners.

[moviebuff777]

Possibly they are hungry for opportunities to invest in something and make money in something.  They may not have many other opportunities like this in their communist society.

[Pab]

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