Quote:
Originally Posted by crockett
This whole thing reminds me so much of pump and dump penny stocks.. Sure you can make some extra money on the side in small amounts, with a large risk, but any serious amount is extremely foolish.
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I disagree about people making small amounts, many people on this forum that only got into Bitcoin/Crypto currencies 6 months ago are sitting on 1000%+ gains. Of coarse with those sort of returns you'd be stupid not to cash out a large percentage of your gains.
High risk/High reward
Demand from China has gone through the roof, Pump & Dumps with the smaller crypto currencies like PPC, NMC, FTC etc yes absolutely.
No cypto currency will be stable until it's pegged to a currency, then again perhaps that's the intentions of the Chinese government.
Buy up all cypto currencies and peg them to the yuan, it's just a theory!
With a market cap of less than $10 billion that's pocket money to China