Bitcoin Forum

Right now on Bter there are only a few sharks trying to buy at a very low price but there's also people willing to sell.

I can't monitor because I have to go to bed.

I'll check tomorrow to see if I'm holding a valuable coin or just holding the bag.

Sharks manipulate, old sport. (DiCaprio Voice)

dump the coins

prie will go down again and then buy it

Scammers donna scam. Where is your scammer tag btw?

I can pretty much break even at the current price.

Greed's gonna show me a lesson, I'll hold.

I'm sitting on a large stack of yacoins at the moment, I'm in no hurry to sell so will just sit on them and watch.

If you have to ask, you probably are.

Agreed, I'm keeping mine.  People selling these coins for these ridiculous low prices are nuts.  YAC isn't like the other altcoins where you want to dump them fast while their hot.  The CPU mining sets it apart from the rest and makes it unique like BTC and LTC.  Of all the alt coins, I see YAC coming out ahead.  It's not matter of if, it's a matter of when.  Right now the only people that even know about it are the die hard miners/traders.  If/when it has the public exposure of Bitcoin, anyone and everyone will be able to mine it, price will go way up to offset the difficulty increase.  The hundreds/thousands of coins we have now will be worth a crap ton.

You do know it has dropped by half...0.0004

It needs more exposure, nobody knows about it other than people of this forum.  When the rest of the world finds out about it, it will rocket.  It is up to us to make them all find out and make this coin aware.  I know everyone likes to play devils advocate, but for anyone holding thousands or even hundreds of shares, why not try and make them worth something by promoting this coin.  I'm telling everyone I know about it.

When it makes even just one major news story, the price will shoot through the roof.

remember when btc dropped 75% in a day?

I have faith that there is a place for a cpu coin, whether thats yac or not is still up in the air, but i see end-game cpu coin being better than asic/gpu coins.

Yes but that's looking at the glass half empty.  Before it dropped, it shot up over 200%.

can the coin survive if the dev hasn't been heard from since launch?  Doesn't exactly seem like the active type.

Yep, but again don't really care, I'm not playing the short game, This is just play money to me. if it goes up, great, if it doesn't I'm really not going to lose any sleep over it. To the people who are dumping there coins now. that's good to me, because it's cheaper for me to buy them now than to mine them.

I can't see why I should be bent out of shape that a new coin that is barely 7 days old has not skyrocketed in value.

The coin was brought in above value, way over-valued.  This adjustment to actual value while people are panicing is expected in any market.

http://i.cubeupload.com/WSBayi.png

taken from the "is litecoin dead" thread.

It's a seven days old coin. It's going to be up and it's going to be down many times from now, for now the only thing that matters is that it performs as intended. Everything else is just daytrading.


In so far way more coins have been killed by devs being too "active" than by being inactive.

Agreed and besides there is nothing stopping someone else at a later date taking up the development work of the coin.

for whatever reason people are using CHN and FTC as benchmarks.

I will hold them for quite a while and hold the bag it it comes to that, rather than selling them at this low price.

I'am going to do the same, I only "invested" $65 into yacoins so I don't care much if I end up wasting my dollars.
(golden rule: don't risk more than what you can afford to lose)

looks like we might all be for a while, lol

crashed to 0.0035

Yeah you lot holding the coins aren't the only bag-holders, the altcoin coders / sysadmins / etc also get left holding the bag, we already had more coins than we could keep up with maintenance work for, this latest bunch of crap is going to have to wait as long overdue now is an upgrade of the whole family of merged mined coins...

-MarkM-

having 2k is enough to say that i am a bagholder ?

yeah it is worth ~ 1BTC now...

I cant even remember the price but I sold my 1500 for 1.1 BTC  I had to buy a gpu otherwise I would still be holding. Not bad for 6 hours of mining huh?

There's more than enough BTC in buy orders between 0.00038 and 0.00034 to double the price, they just need to be a bit bolder. ;D

Probably the traders that are entering buy orders for the purpose of actually buying YAC (as opposed to sellers trying to manipulate the price by entering buy orders) would have significant incentives not to double the price they're paying.  Probably for the buyers, it would be more accurate to say there's enough BTC in buy orders between 0.00038 and 0.00034 to crash the price and buy it for peanuts, they just need to be a bit bolder.

btc-e is heavily needed, bter is full of bugs. Look at 2 different buy orders at .0041  ;D

3 different batches of orders at .0038  ::)

sort this shit bter

Observation, this behavior you're noticing at BTER where multiple orders appear at the same price, appears to actually be a case where BTER needs to show one more digit after the decimal place.  Watch closely at the trade history when someone buys or sells a group of those orders that look like they're at the same price, and you'll see it's just something silly like 0.00038, 0.000381, 0.000382 orders all appearing to be 0.00038 in the order book.  This also appears to be the reason for buy and sell orders that appear to be at the same price in the order book not executing, because there's a mismatch in the amount small enough that BTER isn't displaying enough digits.

Hmm valid point, what ever has bitcoin done without Satoshi Nakamoto.....Guys?  Satoshi just left us all holding the bag no!!!

At least in the case of YAC, the basic premise was at least innovative.  Along those lines, I suspect there's enough developer talent who hold YAC that there's likely to be some level of ongoing YAC development.  I've considered forking the YAC client source on github and at least change all the references to NovaCoin that pocopoco didn't bother fixing.

Even those of us who got screwed at the start, i.e. windows miners, didn't get completely destroyed. I could've worked the linux mining out sooner and done better, but was super busy during the launch, so had to just "set it and forget it" and get on with my day. I still did ok compared to any GPU mining my desktop is able to do.


I'm also able to code, and although I have pretty much zero crypto experience, I've been learning quick, and have been finding out more as I go deeper. I see it as a chance to learn about all cryptocurrencies (BTC included) so I'm happy to contribute to the ongoing development of YAC.

If you wanted to take the lead, WindMaster, I'd gladly collaborate/cooperate.

Yep, noticed it this morning, though I can't add another digit. Might be api stuff like with btc-e

I went ahead and forked pocopoco's repository to continue YACoin development.  Someone already registered WindMaster as a user on github, so I reluctantly registered user "yacoin" (though I have some concern people will mistake this for an attempt to make that appear to be the official YACoin repository) and forked pocopoco's code.  I'll update the README on the yacoin/yacoin repository as soon as I get home to make it clear that it is not the official YACoin client repository.  And then remove all the NovaCoin repository references from the README as well!

This makes so much sense. I've seen orders at exactly the same price not matching.

The developers aren't treating their floats properly.

My fork will be maintained here:
https://github.com/yacoin/yacoin

I have updated the README.md file to make it very clear this isn't the official YACoin repository, incase people are confused by the "yacoin" user name.

EDIT - Reference to "NovaCoin" still running when you run the wallet twice has been fixed, and NVC replaced with YAC.  I think those were some of the more embarrassing aspects to the official YACoin client.

EDIT - Thread for ongoing development is now at:  https://bitcointalk.org/index.php?topic=206577.0 (https://bitcointalk.org/index.php?topic=206577.0)

Do they have API? I know btc-e api users can have one more decimal digit than web interface ones.