Why has bitcoin had success in China?

[yenxz]

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.

another dgital money like paypal?or other altcoin?i dont think they can help bitcoin more popular in china or other country,china have strong technology,and have people who corious and interest to new payment technology.

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[rekinthis]

i think it is so successful because of the fact that people there might easily get really cheap electricity without any efforts so they can make a lot of profit by mining bitcoins

because of that a lot of people get interested in it and a lot of people starts using it when they here about it from their friends or something like that, thats my prediction about it

[panju1]

i think it is so successful because of the fact that people there might easily get really cheap electricity without any efforts so they can make a lot of profit by mining bitcoins

because of that a lot of people get interested in it and a lot of people starts using it when they here about it from their friends or something like that, thats my prediction about it

Cheap electricity? Electricity is definitely cheaper in China than in say the US, but aren't there areas where it is cheaper? Iceland is one example, where renewable energy is cheap.
Electricity cost might explain why there are more miners, but definitely not why so many others seem to love bitcoin.

[Farma]

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.

maybe so many people who love bitcoin there. I guess they see a big opportunity of bitcoin that can make them successful, because they compete for the use bitcoin, and bitcoin be made popular so that they can develop their business there

[Herbert2020]

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.

maybe so many people who love bitcoin there. I guess they see a big opportunity of bitcoin that can make them successful, because they compete for the use bitcoin, and bitcoin be made popular so that they can develop their business there

well, Chinese are not the first to be a competition and be ahead of the US, in bitcoin world a lot of other countries like China, Canada, Japan,... are far ahead in the bitcoin front. and so far every business that was bitcoin related are either out of US or leaving it.

[MedaR]

China awakens and will lead us in the future.
You don't need to know much about geo-politics to know who are rivals in the world and what they can do each others through economy and politics. Accepting new things will be priority for those who want progres..

[Vaskiy]

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.

maybe so many people who love bitcoin there. I guess they see a big opportunity of bitcoin that can make them successful, because they compete for the use bitcoin, and bitcoin be made popular so that they can develop their business there

Yeah they look bitcoin as a best opportunity. The government accepted bitcoin and so the people too are encouraged. Also more mining farms can be seen there. So quiet simple all these made bitcoin successful in China.

[ronaldinho_07]

China always take advantages when they see potencial and beneficts ,soo at bitcoin they had the vision and they are getting a good income related to taxes from the energy companies supporting the miners.

[techgeek]

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.

maybe so many people who love bitcoin there. I guess they see a big opportunity of bitcoin that can make them successful, because they compete for the use bitcoin, and bitcoin be made popular so that they can develop their business there

Yeah they look bitcoin as a best opportunity. The government accepted bitcoin and so the people too are encouraged. Also more mining farms can be seen there. So quiet simple all these made bitcoin successful in China.

If this was only in america, america would be the same way as well.

Except of course the costs and what not, but if the us governemtn welcomed bitcoin there would be more small businesses help stuff stay here.

[jt byte]

China always take advantages when they see potencial and beneficts ,soo at bitcoin they had the vision and they are getting a good income related to taxes from the energy companies supporting the miners.

China had some good luck that their production cost are very low, then energy is also low, so in a way it seems bitcoin is made for the chinese market.
So them having the largest mining pools is not really a big surprise.

[Viyamore]

China always take advantages when they see potencial and beneficts ,soo at bitcoin they had the vision and they are getting a good income related to taxes from the energy companies supporting the miners.

China had some good luck that their production cost are very low, then energy is also low, so in a way it seems bitcoin is made for the chinese market.
So them having the largest mining pools is not really a big surprise.

I agree on this sir, bitcoins in china is widely use on markets specially undergrpund transaction they use bitcoins ,because bitcoins still anonymous .

[KennyR]

China always take advantages when they see potencial and beneficts ,soo at bitcoin they had the vision and they are getting a good income related to taxes from the energy companies supporting the miners.

China had some good luck that their production cost are very low, then energy is also low, so in a way it seems bitcoin is made for the chinese market.
So them having the largest mining pools is not really a big surprise.

I agree on this sir, bitcoins in china is widely use on markets specially undergrpund transaction they use bitcoins ,because bitcoins still anonymous .

Anonymity is not the major factor, bitcoin acceptance and the acceptance of advancement looks to be the reason for bitcoin's success in China.

[ronaldinho_07]

All makes us to go to China low cost,low investement to start,low salarie,anything we need and wanna to save we search for products of China,they are very developed and their prices has no way to any other countrie be able to pratice them.They had the key to turn into the biggest holders and supporters of bitcoin,Nakamoto sure didnt expected to his coin get such interest ,allowing the big farmers to mine the coin almost alone.I believe the concept were to all be able to mine it and get a reward ,but well who has money and had the vision is just growing their porfolio.

[Akupuniard]

i think it is so successful because of the fact that people there might easily get really cheap electricity without any efforts so they can make a lot of profit by mining bitcoins

because of that a lot of people get interested in it and a lot of people starts using it when they here about it from their friends or something like that, thats my prediction about it

Cheap electricity? Electricity is definitely cheaper in China than in say the US, but aren't there areas where it is cheaper? Iceland is one example, where renewable energy is cheap.
Electricity cost might explain why there are more miners, but definitely not why so many others seem to love bitcoin.

A lot of miners moving to China cause of elextricity. Other side of China is dirty country with bad atmosphere and bad food for european people.

[Evansloin]

Because Bitcoin is from Japan and China is next to Japan. And China has a huge population. Even a small pro cent of their population is still much. So maybe many people from China are using bitcoin. 

[ronaldinho_07]

Well China leads the market these days,almost all products come from there,would be surprise if the big farmers wont moove into China or try to start from their mining process.All low cost market is what all people dream,some people has stores working with the chinese products,and its almost all from there ,soo they control the world already.

[puremage111]

First looking at the population base, this is the first factor.

Next, china have a trend where once a thing goes famous, everyone will get it/buy it EVEN They have no knowledge what is it, this is why the fluctuation in estates, stock market is moving very big due to the nature of human xd

[Newcoins2020]

Well China leads the market these days,almost all products come from there,would be surprise if the big farmers wont moove into China or try to start from their mining process.All low cost market is what all people dream,some people has stores working with the chinese products,and its almost all from there ,soo they control the world already.

Indeed, but I also think its because the tax with the bitcoin they do not have to pay any tax if you understand me.
Also a lot of miners are located at there because they can earn lot of money because of it and I think this is also because its so popular over there.

[Capitascism]

But it is obvious that the Chinese slowly beginning to recognize the right thing and the smart investments, but if this continue as a trend thay will become richest nation, not only most crowded. But all this is hypothetical.

[Jmild1]

"Why has bitcoin had success in China?"

Because of MMM. This much answer the question of OP