What to do next, Veeky Forums? I bought $20,000 worth of YOYO a couple days ago on Binance. It's now worth about $6000, and will presumably continue it's downturn due to trading being suspended on Binance.
The idea is good, but the current circumstances just don't allow for most china based coins to flourish, nonetheless low cap ones like this. Even NEO is seeing a rough time.
Should I cut my losses? What exchanges could I withdraw it to? Is there any news of what China's next move towards regulation will be?
Losing this money isn't the end of the world, as I've doubled the rest of my portfolio on NXS in the past couple weeks, and it'll only continue to grow over this month with the news, but that's a separate story.
Any advice on what to do with this coin? I'm leaning towards simply waiting it out, but that may turn my remaining 6k into 3k, or less. Really depends on China's next move.
In the same boat, lost 10k on this coin (but that was with my Walton profits I flipped) might just hold forever, just like when BTC became worthless back in 2011 (from the drop from $31 to cents). If this is legit/breaks off as a real social media network, it could be big. Whereas if I sell now I'll cut my losses but only save maybe $500 of potential losses at this point. My question to you is do you need the capital/BTC?
Hunter Rivera
I also feel this is a scam though, the telegram link is wrong, the slack is empty, and the twitter hasn't posted in months. There are no forums or anyone talking about it, other than the shills on Biz last weekend. Its a shame about this China thing.
John Edwards
Dead coin, learn your lesson and take your loss before it's worthless.
Ethan Roberts
How do I sell this coin on binance?
Hunter Richardson
RIP
Isaiah Hernandez
You can't. There's currently no exchange for this, for buyers or sellers.
Hudson Watson
from Binance.com "If your IP address is located inside China, you will not be able to place new orders. You can still cancel your previous orders." Is this exchange done?
Luis Mitchell
why is it being delisted?
Dominic Clark
Do you even read stuff? atleast 85% of binance users is outside of china
Adam Harris
Yes I have read that. It just seemed to be targeted to Chinese users mostly.
Jaxon Rivera
OP I'm with you lost 3k on this shit. I'm holding forever. I rather see it go to 0 than this shit moon without me.
Gavin Morgan
Lol that's what we get for YOLO speculating. What actually happens if YOYOW becomes big next year (let's say to 50 cents) and the only HODLers are the retards who were forced to hodl due to binance. It could happen, we'd all be crying it we were forced to hodl antshares when it went from $1 to 30 cents.
Ryan Nelson
Plausible scenario. Time will decide.
Ian Ward
I bought a lot right before the fucking cuckening...as george castanza once said "IM GOING DOWN WITH THE SHIP"
Joseph Gonzalez
From Binance: >Per requests from their respective core >teams, we will suspend trading and deposit >services of the following tokens: HCC, LLT, >ELC, BTM, YOYO. Withdrawal will continue >to work. Each team will announce the refund >plan of their tokens.
I have no idea how that will work or who can get refunded.
Jose Bennett
sorry for the shit green text, its my first attempt.
James Robinson
it's pretty fucking obvious that you need to put that money in to WTC. That's where all this shitcoin money is going to flow because it's the only one left standing. You are down to 30% of your original investment. Walton has a ton of great things in the pipeline and actually has strong reason to triple in price.
Cameron Ortiz
Us YOYOWmarines can't even sell. It is unavailable to sell other than exchanges.
Anyone holding YOYO is forced to wait this out, there isn't an option to sell right now.
Are there any wallets out there for it? Or do I have to keep it on binance, even though they don't allow trading of it?
Chances are, I'm just gonna hold this indefinitely and see if anything ever comes of it...Once the Chinese market stabilizes, I can see this being a winner, Until then, it's a patience game.
Jack Wilson
We are the YOYOmarines and we are NOT fucking selling!!!
Logan Smith
Same i don't know if there's a wallet. Is there a subreddit or something? Google turns up jackshit when i google it
