Why is china buying so much bitcoins?

[nickenburg]

OK I tracked the website http://fiatleak.com/ for 4 hours and 30 minutes now.
The world bought 4025BTCbought in that time.
3493BTC went to China
417BTC went to the Usa
48BTC went to Europe

You can see everything here:


So why is China going crazy for bitcoins?
Is it because they have no trust in there goverment, and maybe money/banks? I dont really know the exact situation in China.

Why is there so little trust in bitcoins in the Eu and Usa?
Is everyone that brainwashed and stuck in there financial situation, that they dont want to stop the system we have now?
If I talk to other people in the Eu they all want to work for money and dont want to invest or they are not even interested in Bitcoins.
Why are Europeans and Americans brainwashed? They have to much trust in paper money and dont want to loose it?
Explain please



 

[texasaggie]

The government with the new premier is trying to crack down on the ultra-rich that have made their money through the government monopolies in industry and from kickbacks from foreign companies.  These folks are turning their hoards of cash into anything tangible around the world that can't be controlled by the government.  This is why if you look at NY real estate, high-end auctions and other big ticket purchases of gold are all going to people from China recently.

[nickenburg]

OKe China buys bitcoins because they cant invest alot in other things, I think they are really enthusiastic about this idea to.
They see it as a thing for the future, and something that can take over paper money.
Americans and europeans are sticking to there paper money, its all they know.

[solex]

This is misleading as the "leakage" is also "churn".

Zero-fee exchanges can churn many times more trades than an exchange where the buyer and seller, collectively, yield 0.5% to 1% of the trade to the exchange.

[BitThink]

OK I tracked the website http://fiatleak.com/ for 4 hours and 30 minutes now.
The world bought 4025BTCbought in that time.
3493BTC went to China
417BTC went to the Usa
48BTC went to Europe

You can see everything here:


So why is China going crazy for bitcoins?
Is it because they have no trust in there goverment, and maybe money/banks? I dont really know the exact situation in China.

Why is there so little trust in bitcoins in the Eu and Usa?
Is everyone that brainwashed and stuck in there financial situation, that they dont want to stop the system we have now?
If I talk to other people in the Eu they all want to work for money and dont want to invest or they are not even interested in Bitcoins.
Why are Europeans and Americans brainwashed? They have to much trust in paper money and dont want to loose it?
Explain please



 

The bitcoin was just changed from left hand to right hand and to left hand again. Because of 0 trading fee, the transactions have no cost. fiatleak.com just calculated the transaction volume. It cannot know where the BTC are from.

[nickenburg]

No they dont know where its from, but they see where the bitcoins are going.

[BitThink]

No they dont know where its from, but they see where the bitcoins are going.

Then if they are just from China to China, or even from an exchange to itself, does it matter how large is the volume? They are watching the exchange transactions, not the blockchain transactions. The latter will never tell you which country a bitcoin address belongs.