Cryptocurrencies

"The cost of mining cryptocurrencies, in some cases, is now greater than the value of the coins"

It was bound to happen. Cryptocurrencies were open to manipulation (yesterday's 10% drop) and it was bound to happen. You know that when a guy starts something called Dogcoin as a joke and it eventually has a US$ 2 billion market cap.... well doesn't take much to figure out that the "investors" are really just punters trying to make cash quickly (maybe).

Will cryptos go to zero? Probably not, but they will lose their "one way sure thing bet"

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