Published On: Mon, Aug 3rd, 2015

Bitcoin: The hottest game for Chinese gamblers

Bitcoin trading is the hottest game in China.

Close up 3D illustration of paneled golden Bitcoins
The digital currency has been embraced by Chinese users who like to take a gamble: It’s all “about trading, about volatility, about making a profit — buy low, sell high, ” said Bobby Lee, CEO of BTCChina, the world’s largest Bitcoin exchange.

Bitcoin was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions can be made without any middle men (read: no banks!), and there’s no need to give your real name. People can buy bitcoins with real money, purchase things with bitcoins and even trade them on exchanges, much like trading a company’s stock…

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