why somebody pumping YAC?

[eddyfitz]

I see price jumped alot on exchanges, which is strange especially with recent bitcoin price rise.
from my point of view it should drop in price, but it continue to rise.

Your thoughts?

[defaced]

profits of course.

[maklei]

I think because still cheap, after LTC.

I think it will be gone up.

Any other analys?

[eddyfitz]

considering it's low hashrate (but that maybe due to N-factor change) I think it should go down

[eddyfitz]

oh, too bad I was not smart enough to buy it at 0.000061 the day I started this topic.
now it's 0.00022.
3+ times rise

[nocoin]

All forks going up these days and YAC is not an exception. It's not late to make some money, it should rise more.

[eddyfitz]

I just can't understand why this is happening.
alot of people invest into BTC and it's price going up.
same for LTC as it's very known fork.

But from my point of view other coins should remain at the same BTC/COIN ratio (i.e. their USD rate will still rise along with BTC)
but instead those forks are rising.

Seems strange for me

[myhoho]

Somebody just read this article and found YAC to be undervalueated:

Where does this leave bitcoin? Yes, it probably is overvalued. A day of reckoning is likely on the horizon when the realization dawns that bitcoin has become an engine of speculation as opposed to a stable unit of commerce: the difference between being a commodity and a real currency. However, whether bitcoin will ultimately be the cryptocurrency of the future is to miss the point. Think of it this way: in 1998 web usage was dominated by Netscape, whereas in 2013 few web users have even heard of it. Nevertheless, browsers remain the epicenter of internet access. Likewise, bitcoin might well be a bubble which burns out, but it has entrenched forever the concept of cryptocurrency. In a world where governments cannot be trusted to look after our money, bitcoin, bubbles or not, is doing us all a favor, charting the brave new world of money.

http://rt.com/op-edge/bubble-trouble-looming-for-bitcoin-469/