Understanding New Coins

[shanerc563]

I am seeing on YoBit, new coins being added for sale.  Can someone please shed some light for me on how these coins are made profitable at all.  I understand the concept of BTC and other coins, however, I can not understand how adding a new coin and asking 30 satoshi per coin can make any sence.  Then when I looked at it after the sale price timed out, I seen a jump in the price.  Could someone please explain this to me.

[USB-S]

I am seeing on YoBit, new coins being added for sale.  Can someone please shed some light for me on how these coins are made profitable at all.  I understand the concept of BTC and other coins, however, I can not understand how adding a new coin and asking 30 satoshi per coin can make any sence.  Then when I looked at it after the sale price timed out, I seen a jump in the price.  Could someone please explain this to me.

These coins most likely won't get any volume after the initial launch. In yobit you can pay to have your coins put on an exchange but no one guarantees you that anyone wants to buy them. So just stay away from them if you don't want to lose money.

[tyz]

These coins are only released because of quick gains for the creators and the exchange Yobit.net. Usually these coins get pumped shortly after release and then got heavily pumped. There is no logical explanation.

[MissCrypto]

You must be talking about XSY? It was an ICO coin and has a 50% buywall. Not many coins were sold so I guess it's somewhat safe to pump it and looks like someone decided to do that.

[shanem]

I rather wait and pay higher price when a coin is listed on other exchanges like bittrex and poloniex than risk my btc buying new altcoins on Yobit. I do not like to take the risk buying a new altcoin.

[anthonycamp]

if you make a coin and got heavly mined and promote into markets the alt coin its value a few satoshis then the porchase becomes real its a good into digital and worstes like 10 satoshis after the deal of people tring to have the coin to buy for instances services and goods they try to find more by mining and by buynig that pumps the coin eveuntually the coin becomes a stable like doge into just satoshis cause its good for small trasactions and fast if heavly mined it all depends on the investment into marketing of the coin if it relays for 1 year its a duable coin into mining and trading nad yobit exhchanges if havly asked to be inserted there at the begining the offer its big and the it can stalbe i had a recent experince with some coins and 50% of the do become good into market the other 50% alt coin can be just garbage