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Can someone summarize (in English) what's going on with Bitcoin in China? Why are people interested in it? Has something substantial changed recently or did a lot of new people in China just now discover Bitcoin?


> did a lot of new people in China just now discover Bitcoin?

Pretty much. It's taking off like gangbusters as a popular investment vehicle there.


If that's true then this may be another bubble, just with different suckers.


Oh, definitely. Bitcoin was overvalued when I sold at $20 (whoops). The problem is the language gap, cultural differences, and political considerations make it difficult to discern how deep into their pockets these suckers are willing to reach.




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