Bitcoin in Asia

[Danielpeters]

How common is Bitcoin in Asia? Just want to know

[AjithBtc]

Bitcoin in Asia is quite popular compared to the western Continents. This is all because of the increased acceptance and the people easily using it an way for getting an additional earning based on its legitimacy. In my thinking bitcoin will be growing high than expected as there is tremendous increase in adoption around the Asian countries.

[okissabam]

I think Bitcoin in Asia is becoming more popular. It is because most of the people are treating it as a means of living, I know a couple of people who gets their daily needs through his income in bitcoin whether it'd be joining campaigns in this forum or through profits from trading. They really treat it as a job at home honestly speaking.

[Sir Cross]

In my country (the Philippines, which is in Asia), bitcoin is recognized but not yet accepted accepted as a paymnet system in establishments unlike in the other countries. However, their are exchanges and just recently, two more exchanges will open up. Hopefully this would pave the way towards more adoptions of bitcoin in the country.

I'm not so sure with the other asian countries, but I heard that it is accepted and cryptocurrency is recohpgnized as legal in Japan. Efforts have been made to adopt it as a legal currency, so I've heard.

[Koadharber]

How common is Bitcoin in Asia? Just want to know

Bitcoin is somehow famous already on this side of the world on which you do know that Japan is a part or considered on part of Asian countries which you do know that they decide to legalize and accept bitcoin and also in my place bitcoin is gradually getting popularity as of now which is really good on the moving progress of awareness of bitcoins existence.

[Chyton]

Bitcoin is Asia is being accepted one of the reasons why is because Asia country has a low paying job, since altcoin/ico campaign pays more than usual job many people has a day time job and a campaign job.

[kelstasy]

In our country Philippines, bitcoin is kinda popular specially in mining but in our place province not yet accepted for payment although Bangko Sentral ng Pilipinas (BSP) approved registration of 2 bitcoin exchange operators. Hoping in the coming days more will embrace bitcoin

[osmo]

If in my country bitcoin is increasingly used in use as a means of exchange of cash replacement. But only for online shopping. But use bitcoin more in use for investment

[Yanisumin]

Bitcoin in Asia is quite popular compared to the western Continents. This is all because of the increased acceptance and the people easily using it an way for getting an additional earning based on its legitimacy. In my thinking bitcoin will be growing high than expected as there is tremendous increase in adoption around the Asian countries.

I'm not quite sure about the number of usera, what I know is that the news and updates about cryptocurrencies in these countries ( Russia, China, Japan , Indonesia, Philippines ) that is using cryptocurrencies are quite high and there are some whales here that can affect the prices of cryptocurrencies, not mentioning that the Russian government ( but only a part belongs to Asia ) is open in regulating cryptocurrencies and Japan too. Well it is originated in some unknown person ( Nakamato ) but the number of new coins are mainly originating in Asian countries and I can conclude that cryptocurrencies and Bitcoin is quite popular in Asia.

[Hagmonar]

How common is Bitcoin in Asia? Just want to know

I think bitcoins is more popular now adays specialy here in asia now that japan already accepting bitcoins koea also amd some asian countrys like here in philippines also more and more people are joining everyday as more people will use bitcoins will cointinue rise in asia

[AK47-]

The maximum demand for Bitcoin today is from Asia with Korea, Japan, China and India being the major countries. In most of the countries here in Asia Bitcoin is sold on premium due to increase in demand. During the month of May, Bitcoin was sold at double the international price in Korea. In India itself, it was being sold at $600-$800 premium. I even made profit through arbitrage. Bitcoin got a huge market in Asia because of huge population, area and interest in tech.

[Granxis]

Asia is a very large continent, I have been in an Asian country for a while, there is no Bitcoin Stock Exchange in the country I have been in, and the businesses did not accept Bitcoin, so I think the overall situation of Asia is like this, with many innovative steps for China and Japan for Bitcoin.

[kenkoy]

I'm from Philippines. In our country, BTC is not yet well known to average filipinos. Some are still skeptical and don't even dare to explore this cryptocurrency. Worst, they think it is a scam. I know for a fact because I was once with the same mentality. But things changed when my friend discussed BTC with me, I researched and i give it a try.

Though, there are already increasing popularity with BTC yet there are still no significant number of merchants accepting BTC as a payment.

[Doms]

Much of the mining activity takes place in Asia, that's for sure. In terms of usage and acceptance, the more advanced countries seem to have warmed up really well to bitcoin, leading the way are Japan and South Korea. These two countries have significant contributions on the rise of bitcoin usage over the past few months,which has also led to higher demans which in effrct pushed the price higher.

[godrey123]

compared to western countries bitcoin in asia is not that popular, thou satoshi nakamoto is the one who invented bitcoin, it is more recognize in the western countries. But I think their will be a time that bitcoin will be widely know around the world because its big potential

[carlisle1]

The maximum demand for Bitcoin today is from Asia with Korea, Japan, China and India being the major countries. In most of the countries here in Asia Bitcoin is sold on premium due to increasing demand. During the month May, Bitcoin was sold at double the international price in Korea. In India itself, it was being sold at $600-$800 premium. I even made profit through arbitrage. Bitcoin got a huge market in Asia because of huge population, area and interest in tech.

and for the reason that most people around asia always looking for some ways to earn extra. I'm also part of a third world country from asia and see here that bitcoin is not yet been popularized but those who knows about it already taking advantage.

[tamarindbleu]

How common is Bitcoin in Asia? Just want to know

Im from the Philippine and Bitcoin is not yet well-known by other but there are some people like me that accepts Bitcoin because some of our fellow countrymen that has no knowledge of what is Bitcoin all about,they say it is only a scam.I admit at first I have also that kind of mentality but when I tried my luck on Bitcoin and I was shocked because it is not a scam at all.I used to get money from it.In Philippines,some of us who embraces the Bitcoin have a life that is much different from what we have on our past.

[Kprawn]

The countries in Asia are currently the global leaders in Bitcoin mining {China} and adoption {Japan} .... India might become one

of those leaders, if their government can come to a decision about the regulations regarding Bitcoin. India are currently so focussed

on the negative aspects of Bitcoin that they are completely missing the advantages that it might have. {tax income & jobs & the

alleviation of poverty} 

[DevelopmentBank]

Its safe to say bitcoin is big in Asia. Ive actually noticed that a lot of people from the Philippines are on this forum.

[yugyug]

Asian regions has a larger influence regarding bitcoin usage and here are the top countries where has high a regards of bitcoin usage and trading :

1. China - there's no doubt it is the center of semiconductor manufacturing and most mining hardware are manufactured in china whether it is ASIC or GPU. large portions of mining pools are located in china. it has a concentration of 81% of mining pools.
2. Japan - this is where the Asia's largest bitcoin trader and has a huge acceptance of bitcoin payment system to merchants and retailers. The former Mt-Gox the largest bitcoin trader is located in Japan.
3. South Korea - the second asia's largest bitcoin trader where the Kraken was located.
4. India, Indonesia , Russia, Philippines, are among other countries that engage in bitcoin trading and mining.