Guys I went to sleep and when I wake up I found you just left it to .0006! Oh man, come on!! Let's put this up to .001 again!
Yacoin early miners have the weakest hand ever in the history of crypto-currencies. That was a quite pathetic and very amateur pumping, and they liquidated most of their early mover advantage for peanuts shells. They even managed to drop the price lower than the cheapest OTC price ever. Very entertaining panic demonstration.
Anyway, now that early adopters are done peeing in their pants, and the coins moved to stronger hands, we can start seeing real growth for that one-of-a-kind CPU only cryptocoin. Expect the exchange rate to make a major rally once people understand that the price already hit the bottom, and YAC isn't going away.
Soooo, I'm an early miner, but I understand that if I sell all my coins now, I'll get near $1000. It is rather small sum. But maybe many of these panic sellers are people who need any amount of money "just now", no matter how many - 10, 100, 1000 dollars. But it is good in my opinion - good cryptocurrencies need strong hands (not like CNC\FTC).
Quite true. Though I'm curious to hear why these people held their coin while they were being offered 1BTC/1k+ OTC, only to suddenly panic and sell off at a measly 0.5BTC/1k at the first bear trap on the first exchange session? Anyone with the attention span of a gnat would have observed that all other much less deserving coins way past their initial hype are
still trading at 1BTC/1k
minimum...
Someone who panick sold wants to share his experience? How did it feel like? In hindsight, do you think you have been influenced by the FUD around the windows binary integrity, or lured in selling by the decoy 1-unit sell orders used to artificially narrow the spread downward?
Now that's interesting because people who missed the train and didn't start mining / buying early are given a unique chance to make up for that. It means that, going forward, accusations of unfair advantage by early adopter won't have any credibility, because every one had a chance to buy loads of coins at 0.5 BTC / 1k, and insiders completely failed to make much anything of their first mover advantage.