Bitcoin Forum
June 26, 2017, 12:33:00 PM *
News: Latest stable version of Bitcoin Core: 0.14.2  [Torrent].
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Bitcoin is like penny stocks now - worth short term trading  (Read 1446 times)
Full Member
Offline Offline

Activity: 196

View Profile
December 08, 2011, 01:23:23 AM

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?

"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- gmaxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Hero Member
Offline Offline

Posts: 1498480380

View Profile Personal Message (Offline)

Reply with quote  #2

Report to moderator
Jr. Member
Offline Offline

Activity: 42

View Profile
December 08, 2011, 01:42:59 AM

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
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!