[ANN] [XBS] Bitstake | For everyday digital currency tasks ---- SCAM!!!! BEWARE - page 2.

DrQuackfromHashtag

newbie

Activity: 17

Merit: 0

Quote from: mikelitoris on May 01, 2015, 02:22:59 AM

I don't think it's a scam

God this place is full of Charlie Browns trying to kick the football from Lucy's hands and she pulls it away they fall for it everytime.

I conclusively proved the link between Ray Danetti and several other scam coins but no, this time "it's different dude!" lol

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Another lesson.

* Beware of threads like these https://bitcointalksearch.org/topic/whats-the-best-alt-coin-to-invest-in-2015-927020
Those are mostly shill bag holders.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: tokeweed on May 01, 2015, 04:59:39 AM

Quote from: Snail2 on May 01, 2015, 04:25:24 AM

Quote from: tokeweed on May 01, 2015, 02:34:12 AM

Quote from: mikelitoris on May 01, 2015, 02:22:59 AM

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam

Another lesson.

  * Be aware of posts like the one quoted above. When one says he'll buy, it usually is a lie. A person doesn't simply
      expose himself in a public forum. There is always an ulterior, personal agenda behind it. This usually is a sign
      that it is a sockpuppet account. And when a sockpuppet says that so and so coin is not a scam. Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

Or it could go down some more below 5K and stay there. Again be careful.

Of course, it can go further down, even to something next to zero. We've seen several examples for that, so being careful is a good idea indeed.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: Snail2 on May 01, 2015, 04:25:24 AM

Quote from: tokeweed on May 01, 2015, 02:34:12 AM

Quote from: mikelitoris on May 01, 2015, 02:22:59 AM

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam

Another lesson.

  * Be aware of posts like the one quoted above. When one says he'll buy, it usually is a lie. A person doesn't simply
      expose himself in a public forum. There is always an ulterior, personal agenda behind it. This usually is a sign
      that it is a sockpuppet account. And when a sockpuppet says that so and so coin is not a scam. Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

Or it could go down some more below 5K and stay there. Again be careful.

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: tokeweed on May 01, 2015, 02:34:12 AM

Quote from: mikelitoris on May 01, 2015, 02:22:59 AM

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam

Another lesson.

  * Be aware of posts like the one quoted above. When one says he'll buy, it usually is a lie. A person doesn't simply
      expose himself in a public forum. There is always an ulterior, personal agenda behind it. This usually is a sign
      that it is a sockpuppet account. And when a sockpuppet says that so and so coin is not a scam. Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: mikelitoris on May 01, 2015, 02:22:59 AM

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam

Another lesson.

  * Be aware of posts like the one quoted above. When one says he'll buy, it usually is a lie. A person doesn't simply
      expose himself in a public forum. There is always an ulterior, personal agenda behind it. This usually is a sign
      that it is a sockpuppet account. And when a sockpuppet says that so and so coin is not a scam. Beware.

mikelitoris

full member

Activity: 182

Merit: 100

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: solid12345 on April 30, 2015, 11:53:02 PM

Sorry, still not buying this "it's just trading" business.

I'd much rather buy a legit coin at a $1 million market cap that climbs to $20 million with lots of liquidity then a weekly logocoin at $30k that reaches a $90k cap with no liquidity.

Let's say it for what it is, It's not trading, it's gambling. And the fact no one wants to pour money into good alts and instead scams is why we don't see big market caps anymore, it's just people fighting over bitdust and scraps at this point.

Ah. In that case, just avoid. No one is forcing anyone to do anything here.

bumpk1nK

sr. member

Activity: 265

Merit: 250

Quote from: RenegadeMan on April 30, 2015, 11:38:48 PM

Quote from: bumpk1nK on April 30, 2015, 11:12:56 PM

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

Unfortunately its "Nigerian". Now I'm not sure where you're from but I'm guessing if it's any regular western nation and you hear about some great opportunity to invest in something with very high returns that's Nigerian based, what's your typical first reaction?

Hang onto your XBS for a bit. The way they're running this thing the price is likely to climb back up and you might even get out with minimal loss.

'

Thanks man and I will hold them for a bit longer but you are right. Nigerian scams are all over the place and the chances of this project being real and truthful is weak at most. Thank god I got into Slingcoin at 38000 because today she hit 83000 so atleast I have made back what I lost.

bumpk1nK

sr. member

Activity: 265

Merit: 250

Quote from: tokeweed on April 30, 2015, 11:19:51 PM

Quote from: bumpk1nK on April 30, 2015, 11:12:56 PM

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

It's not even about that. What if the Bitstake team was really serious about the project? What if they're really capable devs? It's about the crypto-scene as a whole. It relies on the future potential value of the project: promises, and on the laws of supply and demand: trading.

Oh, and don't forget that cryptocurrencies are not regulated, these pumps are mostly manipulated, usually by the people behind the project themselves. As a trader, you should be happy. It's an opportunity to make some profit.

I would have been happy if I made some money here but as a trader it looks like Im just going to lose money here! Sad

solid12345

legendary

Activity: 1246

Merit: 1000

Sorry, still not buying this "it's just trading" business.

I'd much rather buy a legit coin at a $1 million market cap that climbs to $20 million with lots of liquidity then a weekly logocoin at $30k that reaches a $90k cap with no liquidity.

Let's say it for what it is, It's not trading, it's gambling. And the fact no one wants to pour money into good alts and instead scams is why we don't see big market caps anymore, it's just people fighting over bitdust and scraps at this point.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: RenegadeMan on April 30, 2015, 11:38:48 PM

Quote from: bumpk1nK on April 30, 2015, 11:12:56 PM

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

Unfortunately its "Nigerian". Now I'm not sure where you're from but I'm guessing if it's any regular western nation and you hear about some great opportunity to invest in something with very high returns that's Nigerian based, what's your typical first reaction?

Hang onto your XBS for a bit. The way they're running this thing the price is likely to climb back up and you might even get out with minimal loss.

Yup he's right, you're a bag holder now. You shouldn't have held it for as long. Next time, sell and take a small loss.

RenegadeMan

hero member

Activity: 658

Merit: 500

Quote from: bumpk1nK on April 30, 2015, 11:12:56 PM

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

Unfortunately its "Nigerian". Now I'm not sure where you're from but I'm guessing if it's any regular western nation and you hear about some great opportunity to invest in something with very high returns that's Nigerian based, what's your typical first reaction?

Hang onto your XBS for a bit. The way they're running this thing the price is likely to climb back up and you might even get out with minimal loss.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: bumpk1nK on April 30, 2015, 11:12:56 PM

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

It's not even about that. What if the Bitstake team was really serious about the project? What if they're really capable devs? It's about the crypto-scene as a whole. It relies on the future potential value of the project: promises, and on the laws of supply and demand: trading.

Oh, and don't forget that cryptocurrencies are not regulated, these pumps are mostly manipulated, usually by the people behind the project themselves. As a trader, you should be happy. It's an opportunity to make some profit.

bumpk1nK

sr. member

Activity: 265

Merit: 250

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: solid12345 on April 30, 2015, 10:43:56 PM

Quote from: tokeweed on April 30, 2015, 09:17:06 PM

You guys lost money again?

* Never buy at the top.

* When you got in right, always be ready to sell for a profit even if it continues going up.

* When a trade goes against you, be prepared to sell and take a small loss.

* And remember, these are Pump and Dumps. These coins have no real value. Its price is derived from the
laws of supply and demand.

* Bottom line, this is trading, not investing. You are bound to lose money from time to time.

It would be less offensive if the Bitstake dev wasn't going around hawking their bogus platform to the media, it ends up making crypto look bad as a whole.

Another lesson

* When a dev goes hawking around the media, talking up their new coin/platform/technology, be careful. It's usually hype, especially in the
crypto scene. Nothing here has any real value. Only "promises". Always refer back to the coin's price action and the charts.

RenegadeMan

hero member

Activity: 658

Merit: 500

Quote from: solid12345 on April 30, 2015, 10:43:56 PM

Quote from: tokeweed on April 30, 2015, 09:17:06 PM

You guys lost money again?

* Never buy at the top.

* When you got in right, always be ready to sell for a profit even if it continues going up.

* When a trade goes against you, be prepared to sell and take a small loss.

* And remember, these are Pump and Dumps. These coins have no real value. Its price is derived from the
laws of supply and demand.

* Bottom line, this is trading, not investing. You are bound to lose money from time to time.

It would be less offensive if the Bitstake dev wasn't going around hawking their bogus platform to the media, it ends up making crypto look bad as a whole.

Yes. The guy is clearly creating a lot of interest and (along with people like DrMikeHashTag) pulling a lot of newbs into the trap. Even after yesterday's further revelations that the whole thing's just an obvious facade and there's no substance under the covers, people are still madly buying and selling XBS on Bittrex today. He (the dev) even tweeted the Mark Twain quote "It's easier to fool people than to convince people they've been fooled" and yet still, the believers chose to read this as him talking about the FUDer's fooling the investors! You can't win with people that have been so blinded by their hope they've bought into a moon rocket.

(good advice tokeweed. Fortunately I neither lost nor won on this but a lot of people will have been badly burned)

solid12345

legendary

Activity: 1246

Merit: 1000

Quote from: tokeweed on April 30, 2015, 09:17:06 PM

You guys lost money again?

* Never buy at the top.

* When you got in right, always be ready to sell for a profit even if it continues going up.

* When a trade goes against you, be prepared to sell and take a small loss.

* And remember, these are Pump and Dumps. These coins have no real value. Its price is derived from the
laws of supply and demand.

* Bottom line, this is trading, not investing. You are bound to lose money from time to time.

It would be less offensive if the Bitstake dev wasn't going around hawking their bogus platform to the media, it ends up making crypto look bad as a whole.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

You guys lost money again?

* Never buy at the top.

* When you got in right, always be ready to sell for a profit even if it continues going up.

* When a trade goes against you, be prepared to sell and take a small loss.

* And remember, these are Pump and Dumps. These coins have no real value. Its price is derived from the
laws of supply and demand.

* Bottom line, this is trading, not investing. You are bound to lose money from time to time.

RenegadeMan

hero member

Activity: 658

Merit: 500

See latest collection of exposing information about this dreadful scammer here:

https://bitcointalksearch.org/topic/--1041206

Topic: [ANN] [XBS] Bitstake | For everyday digital currency tasks ---- SCAM!!!! BEWARE - page 2. (Read 3130 times)