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Exactly the same word, depending on the tone of voice and the intensity with which it is said, it is friendly or not. At the beginning it was always an offence but today I use it even in my house, it is part of the Argentine dialect.

Here in Spain we also use that word!

Ah ok, I think I know all I need to know for my travels to Argentina now, that word alone sets me up perfectly.

You meet a friend and you tell him... in Argentinian: ‘Che que haces boludo? and you hug him.