>>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.
>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.
Isn'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.
