Quote:
Originally Posted by Big-Bucks
Putting money in bitcoins is speculating -- not investing.
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that can be said about a lot of investments. I didn't put any of my own cash in.. fortunately I happen to be on the right messageboards at the right time to get a stake of NEM (2,250,000 coins) .. it's doing better than I would have ever imagined. You can track the market caps of coins here
http://coinmarketcap.com/
NEM was a proof of stake coin handed out on a messageboard a couple years back... all the coins that ever existed are already in circulation or held by the stakeholders, and are not mined into existence or held by the creators of the coin in large numbers.. the big community of stakeholders is one reason NEM is so popular and is in the top 10 market cap.. though I never imagined I'd have a stake worth 5 figures.. I figured maybe $1000-2000 lol.
Back when there were under 100 total cryptos anybody could create another one, mine or hold half the coins, and pump the coin like a penny stock and try to unload their coins.. I'd imagine many people got some wealth that way. Even now many people still buy up cheap coins and pump them like pink sheet stocks.
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