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Author Topic: Bitcoin is like penny stocks now - worth short term trading  (Read 1446 times)
bitcola
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December 08, 2011, 01:23:23 AM
 #1

Bitcoin is so low now, look 50% gain in a matter of days. I am almost tempted to start trading it. It's only because it tanked so badly that this is the case. Anyone else thinking along these lines?

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December 08, 2011, 01:42:59 AM
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The trading environment is very much like pennies in that the total size of the marketplace is miniscule.

Years ago I knew a couple of penny stock scammers, they liked nothing more than stocks with a small enough market capitalization they could pretty much buy and sell the total float. Load up, pump, dump into the resulting buying. Lather, rinse, repeat.

So, yeah, if you want to commit a relatively modest amount of capital, you could probably make things swing your way. Gosh, I wonder if anyone has tried this already?  Wink

"Bitcoins are for the most part as useless as they ever were."
 - Edward50
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