I think cryptodrivel does not know shit from Shinola.
SIGT has been among the top 5 in mining profits most of the time since it was announced. Now, with a sharp decrease in supply imminent, there is potential for any increase in demand to immediately translate into appreciation of value.
EVEN if SIGT was 'copy/paste'... what difference does it really make? People are not mining it because it is NOT copy/paste. They are mining it because it is profitable to do so. That profitability now has SIGT in people's cross hairs. If it starts to run... then cryptodrivel can down vote and spam all he wants. He will miss the train.
SIGT has been among the top 5 in mining profits most of the time since it was announced. Now, with a sharp decrease in supply imminent, there is potential for any increase in demand to immediately translate into appreciation of value.
EVEN if SIGT was 'copy/paste'... what difference does it really make? People are not mining it because it is NOT copy/paste. They are mining it because it is profitable to do so. That profitability now has SIGT in people's cross hairs. If it starts to run... then cryptodrivel can down vote and spam all he wants. He will miss the train.
Anything can be profitable. Even dirt. In theory, you need only 2 traders for a good to have some value - one of them is holding the good, and the other one is asking for it based on who-knows-why. If you don't belive me, just watch the movie Indecent Proposal (1993), and you'll see that everything has a price
Signatum will have a value until there are traders that want to buy it, regardless of whether Signatum is a clonecoin or not. I know that I don't want to hold a coin that does not bring anything new, it's far too risky, and the potential benefit does not justify the risk.I'm not a professional trader, but I have to agree with cryptodevil. Everything that he/she says makes perfect sense. Does this mean that he/she is right? Absolutely not, but there is a very high chance that he/she is, and everyone should be careful with its investment.
It is very hard to tell whether Signatum developers are behind this or not, but there is a dozen of "little things" that don't go in favor of Signatum. I don't think that Signatum will crash in the next few days, at least not while "big holders" don't dump their Signatum coins little-by-little. But, this is not a coin for a long-term investment. Money can still be made out of this, I earned more than 35% on trading, but one should be smart enough to decide when to completely get out of this coin.
As for fake volume on YoBit, anyone can see how these trading bots operate. But this was not happening on Cryptopia, so my guess is that this has something to do with YoBit traders, and not with the developers.