Topic: What is exactly a ROM market? (Read 881 times)
It's a get and dump coin. Eventually it turns to no value at all. Basically a ponzi.
Because of the way the coin works, eventually it will hit it's max price potential, and will be hard to sell to collect your profit. The way that the Yovi is set up currently, you can't even make a sale at the lower prices... they are already full. The lowest open price is around 8k satoshi. and because the market does not rise all that quickly it is going to take a while to get to those prices.
the main positive, it that you can't lose money on the coin because the value only goes up.
I picked up a few and put them to sell at the lowest available price... it might take a while, but I will triple what I put in... I just don't know how long it will take to get there.
the main positive, it that you can't lose money on the coin because the value only goes up.
I picked up a few and put them to sell at the lowest available price... it might take a while, but I will triple what I put in... I just don't know how long it will take to get there.
The idea is actually quite nice, but on paper it is some kind of ponzi. The latest investors some day will not see their money back.
The way yobit handles is with max orders per person etc. is just pathetic. Too bad tbh
The way yobit handles is with max orders per person etc. is just pathetic. Too bad tbh
This is simply called Return on marketing investment and you can read more about it here https://en.wikipedia.org/wiki/Return_on_marketing_investment
it is a disaster in my opinion, Yobit has had Yovi and also Wealth as a ROM. Those in on the know would have been given a nudge and a wink ahead of time and picked some up at 1 satoshi and then made a bucket, loads of people still have their coins waiting for a return which at this rate could take years. Pretty much what CoinBateman a Ponzi, unless you are in at the start best to stay away.
Its a ponzi.
This is a market that will not go down in price, it will always rise.
You can sell your shares for the last buy price.
Yobit for example.
You can sell your shares for the last buy price.
Yobit for example.
Advantages and disadvantages.
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