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Not having skin in the game, this is fascinating to follow. It's like watching primitive HFT algorithm battles slowed down to meatspace actor speed. I think i
by mcphilip 13y ago
Not having skin in the game, this is fascinating to follow. It's like watching primitive HFT algorithm battles slowed down to meatspace actor speed. I think it's safe to say that there are some participants in crypto currencies making massive percentage gains using lessons learned on Wall Street.
Which leads to an interesting thought: has someone figured out how to judge when an emerging crypto currency gains enough traction to start attracting sharks to the pond of early adopters?
- smtddr 13y ago>>I think it's safe to say that there are some participants in crypto currencies making massive percentage gains using lessons learned on Wall Street. Understatement of the year and it's only January. ;) That's pretty much everything of crypto coins right now, especially alt-coins(any coin that isn't bitcoin). The inexperienced people prone to fear-driven reaction are getting fleeced.
- mcphilip 13y ago>Understatement of the year and it's only January. ;) Yeah, an understatement for sure. I can only imagine what will be afoot in December... Wild guess: ransomware used to drive up the price of an alt-coin.
- shiftpgdn 13y agoIsn't this already happening with cryptolocker? I had read the cryptolocker wallet has received something like 23 million USD worth of bitcoin at $900/btc.
- Smegger 13y agoI wouldn't say all alt coins; primecoin litecoin and namecoin look pretty solid but they are all built differently and aren't simply clones with changed rates like all dogecoin coinyewest and company.
- deleted 13y ago[deleted]