Quote from: Nxtblg on April 28, 2016, 09:06:26 PM

Quote from: The Pharmacist on April 28, 2016, 02:44:10 PM

So when is this shitcoin launching? I bought and sold some of the yobit iou's, and it seems like the market has tanked before the actual coin has even launched.

Well...it's certainly tanked volume-wise, but it's still hovering around 0.004. That price has been pretty stable, tho' we've yet to see what'll happen once Liskers get their hands on the real thing & can finally sell.

Despite its artificiality, the ~$1 price is now anchored in folks' minds here. Anchored to the point at which 50 cents is an apparent bargain.

How is the $1 price anchored? Also, if Bitcoin rises in value, it might be that people may lose money on a BTC basis even while maintaining value in USD. Just something else to consider.