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Chinese speculators. People in the anglosphere keep forgetting it, but almost all crypto action is in China. All western usage is a sideshow. So basically, the
by davidgerard 9y ago
Chinese speculators. People in the anglosphere keep forgetting it, but almost all crypto action is in China. All western usage is a sideshow.
So basically, they're buying this stuff as pure speculation, of the sort indistinguishable from gambling.
- kbody 9y agoThat was before the PBoC jumped in and added heavy KYC. Korea was/is big on the ETH/ETC/ICO bubble. But the true height of the bubble was caused by the west with all the Facebook/Youtube/Twitter shilling for big riches.