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.
The volume tanked because the artificial pump stopped. If you go to yobit and look at the 7 day cahrt, you can still see the grey columns.
Don't think people are more stupid than you. Everybody knows that the Lisk prelaunch market is completely artificial. I'm sure a lot of people/most people bought the yobit IOUs with no intention of holding until launch, but to sell them pre launch for as much profit as possible.