Chinese investors look to mine Bitcoin volatility


SHANGHAI: Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.

Exchange rates on BTCChina, the country's biggest Bitcoin trading platform, slumped more than 35 percent from a recent high of 7,050 yuan (around $1,150), almost as much as an ounce of gold.

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