Originally Posted by
thefareguru
I've traded stocks and commodities since 1963.
Many of these remind me of 'penny stocks' that were selling moose pasture. Their trading patterns suggest this. Lots of scummy people are now involved. When you see the price of one of these double in price with a total trading volume of say $10,000 dollars, that tells you that the market is too thin and that there would be no support when it should fall. And there is no stock exchange regulator to halt the trading.
Completely agree. The whole crypto market is full of froth, similar to the dotcom environment where yahoo was worth more than Google, and Pets.com was the IPO that was all the rage. Just don't throw the baby out with the bathwater. There is a lot in this space that's revolutionary and will stick for decades/centuries to come.