Update per 2 Oct 2015:
This is Raise Only Market, sells are only allowed to be placed higher than the current lowest sell.
- max wall size: 0.01000001 btc
- max sell order size: 0.01000001 btc
- minimal step between new orders: 0.00000100
- max 2 open for sell allowed for ROM market
Exit point? NEVERThis is Raise Only Market, sells are only allowed to be placed higher than the current lowest sell.
- max wall size: 0.01000001 btc
- max sell order size: 0.01000001 btc
- minimal step between new orders: 0.00000100
- max 2 open for sell allowed for ROM market
I think people are buying waiting for when the market will be normal again and they can dump
I did some calculations, i had 1,000,000 YOVI coins but i have sold them. Based on the current rules it would take me at least 100 years to sell all my coins
YOVI coin is a good coin for small investors, investors that only own 0.02, max 0.20 BTC in YOVI coin, as then you will be able to sell your coins, but people that has something like 100,000 YOVI coins will have to wait years to sell all their coins.
So point is: Good improvement by Yobit to change it back to ROM for YOVI but only small investors will profit, i mean really small investors. From the moment you have to sell 2 BTC in YOVI coins it will already take 10 months....
But then again, how many YOVI investors have less then 0.50 BTC, 90%? so it is good for 90% of the people , but the change in YOVI won't put big investors in the game as they cannot wait 100 years to get sell their coins.
So in fact i'm happy that i sold all my coins, not planning to life 100 years
yes but its good to throw your money at it, the amount that you dont need. whether you it take 50 or 100 years youl be getting profit any way. who says no to profit. 1st thing is 1st get what you put in back. the rest can take its time.
would you say no if someone offered you 1000 usd a month for next 100 years. point is once you have your initial investment youl be getting payments like forever.
My 1,000,000 coins would be worth now 550 BTC, and based on the solds already 1000 BTC. It allow me to sell 0.20 a month or 2.4 BTC per year, so we are already at 250 years
I've paid around 2.5 BTC for all my coins, so if i still hold them (but i sold everything) then i have to wait 1 year to run break even... that is a long waiting time in altcoin world, and then i already need to be lucky that trading isn't drying up as it is already decreasing little by little. As i said good/perfect idea for small players, sucks for bigger players not really your calculations are wrong. yobit only allows 20 sell orders at any given one time. but once those orders are being bought you an place them again. ive already sold 0.48btc.
so you have 20 sell orders then say 5 orders get sold then you can place another 5. its not limited to 20 per month. you can do 200 a month no limit but just 20 sell orders at one time if your platinum.
mmm, i thought it was 20 sell orders per month