I was thinking about this the other day, that people will start making their own crypto currencies, trying to cash in on a new currency and have it work out like it did for the early adopters of BTC. These currencies will be very volatile, but all of them will become part of a new Forex landscape. If you think there's a lot of speculators now working with bitcoin, wait until people start trying to play arbitrage with different crypto currencies. The new Wild West...
This has actually been going on for a while. Check out www.cryptsy.com -- I think there are already over 50 crypto currencies being traded there, with more being added regularly. People are making tons of money on the initial pumps and dumps of all of them.
There's a sucker born every minute, but how far can the pyramid go? Is it a snake eating its own tail? Make a bunch, try to leverage that up a level? The losers will eventually be zeroed out.
