this coin seems to be good since it is a rise-only-market, which means the price is always increasing, but in reality it is a very-hard-to-trade coin, even if you wanted to sell, you will not be able to sell because there are very few who would like to buy. this coin needs to be bury underground.
I bought a couple of yovi as an experiment a few months ago It took 76 days from buy to sell. I bought at 0.0040327 and sold at 0.00487400, a 20.86% increase.
I decided not to buy any more though
There is nothing good with ROM coins eve whenyou see it as an only profit coin.
You're lucky to get your coin sold easily in only a short period of time. I have two pending orders at 0.0055300 and 0.0055400 and it's already 3 months since I listed it. Looks like it will take another month to get to the price considering the price hasn't moved yet again.
For me, the last month that I had the orders open for was very slow, I didn't like waiting for the coin to increase, and didn't like the fact that there was no way out other than waiting - that's why I decided not to buy any more.
U should have waited for it to rise and dump momentarily, but hey u were illiterate, somewhat ignorant and couldnt stand the market which resulted in u losing all the shares uve ever had and later complaining about ur loss on the message board.
Loss? I stated in the same thread I made a 20% increase on the coin over 76 days in this very chain of quotes. I suggest you read the post a little more comprehensively before you start accusing people of illiterate and ignorant as by not doing to you portray yourself as being rather ignorant yourself.
You are right though - I don't like the market, for the reason that it will eventually dry up. The maths behind the rule model make it unsustainable in the long term for new buyers, since the order size is 0.01 and the same number of Yovi always sit in the exchange - each round of orders will take longer and longer to fill - add to that new users and more orders - when measuring the time to fill orders you'll see a slow exponential curve.
I decided based on the information I had that that I could make better profits elsewhere in such a time-frame at lower risk, so decided not to add yovi to my trading strategy. However, If I'd bought a large amount earlier, then I would have added Yovi to my strategy.
I also think that Yovi won't dry up soon, just eventually, that point depends upon the demand which is not possible to predict.
