At the moment everyone is looking to get mainnet launched and become rich, price on yobit making so many people because it is good sign for investors so let's see what will be happen when it will be launched.
Yeah...I think a lot of the folks slagging Yobit for its competitive swath-cutting will have good reason to be glad of it when trading starts "for real." Their
IOU-Lisk is well above 0.01. As I write this, it's slightly above 0.02 after bottoming around 0.007. So far, the thing has climbed from its opening prices and left them in the rear-view mirror. It's now been trading for more than two days, and the chart shows an overall uptrend.
One of the reasons why I've been saying "crazy high" over the last couple of days is because I've been shocked at how high it's got. When you're shocked like that, you immediately presume that the "crazy high" price will plummet to a more "reasonable" level.
But Yobit's IOUs have held up, for two days and counting. The buybook is still thin, but it's been thin all the while and that hasn't caused any burst-bubble-type crashes. The point: the
longer that IOU-LISK hold up at around 0.01, the
more legitimate that price-level becomes. If it stays above 0.01 for a week, then a lot of the shock will wear off - and more and more folks will think that $1 per LISK is a bargain price. The more folks like that, the more buy support there'll be at $1 and above when real LISK starts trading.
And the more and more buy support at >= $1, the less and less dumping. The parallels to Ethereum are becoming closer and closer. As long as Yobit's market holds up, more and moe would be dumpers are going to ask themselves, "Dump LISK at $1? Like I'd dump ETH at $1??"
In retrospect, assuming the IOU price keeps holding at about 0.01, the consensus will be that Yobit has done us-all a favour by trading the IOUs. They've certainly done themselves a favour; that's for sure.
Anyone else notice that Yobit's paid Theymos a lot of
BTC to become an official BTT advertiser?
