Altcoin and Bitcoin fans need to learn the Auroracoin mania lesson

461 views · Published 2 February 2016 · 2:29 · Indexed 26 October 2026

Channel: BitcoinMeister · 2016 · News & Politics

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Thanks to @Tone_LLT for inspiring this video! In 2014 the world was introduced to the concept of country specific altcoins and in March the price of Iceland's Auroracoin hit $47! It was the world's third most valuable cryptocurrency!  Soon after that It was basically worthless.  
http://www.coindesk.com/icelands-auroracoin-passes-litecoin-becomes-third-largest-altcoin-market-cap/

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