Iceland is used to pump and dump games with their currency. Back in 2002 our banks took part in the biggest pump and dump in history, paying roulette with the Icelandic krona. Increasing its value by ~50% and then printing up billions of ISK and dumped it and devalued the krona by ~100%.
If Bitcoin can be pumped to to $1.100 and dumped to $165 and then again now to $750, Auroracoin can be pumped also, nothing different here.
If Bitcoin can be pumped to to $1.100 and dumped to $165 and then again now to $750, Auroracoin can be pumped also, nothing different here.
You'd probably meant a different value than the ISK dumped and devalued by ~100%, because devaluating like ~100% would mean kinda like the ISK would be worth like 0.00. But that's just minor detail
But yeah, your second line pictures it pretty good what I meant. Considering the financial history over the past years, it would be ashamed if the Icelandic inhabitants would hop on way to high during a bullish rally, only to see it plummet deeper than where they jumped on board.