It only takes a few seconds to know this was a scam. The website is poorly designed, doesn't have a certificate, they have the word "sex" in their website name, and they use a cheap .vip domain. How many more red flags did you need to see before you determined this was a scam? $12k is a big loss but I can't really feel too sorry because it was such a stupid mistake for you to trust them with any amount of money.
Correct. The domain was even suspicious. 
Topic: Is it a scam? (Read 507 times)
Having that explanation, you lost half of the price of Litecoin in based market's price. Is your friend working for that exchange or he has no idea what happened to you?
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
https://ibb.co/4Wx98Fc
It only takes a few seconds to know this was a scam. The website is poorly designed, doesn't have a certificate, they have the word "sex" in their website name, and they use a cheap .vip domain. How many more red flags did you need to see before you determined this was a scam? $12k is a big loss but I can't really feel too sorry because it was such a stupid mistake for you to trust them with any amount of money.
Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?
Have a close monitor on this coin mate, we don't know yet if that's due to current outbreak of bitcoin. Many coins started to prosper right now, that's why we noticed some price increase on recent updates of trading sites. If scam tends to happen, sudden or unexpected drops will be experienced few hours after it pumped up so there's no evidence it's going to scam us.
How could this happen because you only trade on the same day and hour, it is only a few minutes different and it seems impossible for the price to drop so deeply in just about 2 minutes. But what happened after that incident, did the market price return to normal or did it stay like that? If you come across any real oddities, then it would be best to leave them immediately and there is no need to consider staying, as they are clearly a scam.
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
https://ibb.co/4Wx98Fc
It sounds wrong from your entry post.
You are a new trader and yet you are already gambling heavy amounts.
Then your screenshots is just too fishy.
Why not just go directly to a reputable exchange than risking with the unknown?
Could you at least expand the explanation or we will just see more guessing from our sweet members here.
You wont find a good answer without a good elaboration.
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
https://ibb.co/4Wx98Fc
I don't really know about this exchange, maybe the trading fee there is bigger, but if it's like that you better leave the exchange like that, and switch to the more famous and big Exchange.
Overall where this exchange havent heard of by the masses which means its odd that someone do just came out and tell that theyve been using it but if we do talk
about the truth here then this is what happens to those people who are really fan on using unknown exchange or apps until they had experience problems
later on and will realize when they had lost up their money.Always the best tip to follow is to make use of platforms which had been known by the masses
and dont tend to make use of others which arent unheard of.
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
I have never heard of such app before, and this is obviously a scam app, I wonder how you came across such app when there are so many reputable apps to trade on, your money went from $18k to $6k and you think it's normal? https://ibb.co/4Wx98Fc
, I would advice you to withdraw what's left of your money and stopped trading on that app/exchange, these is the reason why it's always advisable to use reputable trading platforms like binance, kucoin etc, I don't think stuffs like these can happen there. Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?
Two things are involved here, it's either there was a flash crash in price leading to massive dump and immediate recovery or the app is scam. But even if there was a flash dump/crash, it should have reflected on the chart, not otherwise. By the way, I checked the app you used and its obviously untrusted. Let's be mindful of the trading platforms we use.
I was introduced to this app by friend and I was new to trading. Didn't know much about it. I already stop using the app now and used binance instead but I just want to confirm it was scam and not other reasons why this might happen.
Ask your friend first, why he referred this app to you. I couldn't find any review or article about this trading platform at any place. And their webpage isn't secure, I'm getting warning from my browser to not enter any sensitive information at the site. Seems like it's a China based trading platform. Probably the website/app is scam. If they are not scam maybe there is bug in their trading app. As a newbie you should research before starting crypto trade. Firstly select top trusted platform for your safety. Binance is one of top and well known trading platform. 
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
https://ibb.co/4Wx98Fc
Lol man you've been scammed, and the name itself should have been a warning enough.
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
Looks like you did get a scam from the exchange. Why did you choose an exchange that is not clear, the exchange looks totally unprofessional. There are very many large exchanges and they do not charge users a huge fee. I recommend that you exit the exchange immediately and search for exchange references via https://coinmarketcap.com/rankings/exchanges https://ibb.co/4Wx98Fc
Maybe just half your litecoin sold based on litecoin price right now, you need check on pending order have complicated all your selling order or still have some litecoin still pending maybe you use higher price above buy order. Look impossible if litecoin have lower price above $47 because litecoin price right now almost 84.38 dollar, I sure you miss with your pending sell order and you need to check back still have any litecoin balance there or have completed your selling order.
Are the prices or charts shown real time? might be for the internet connections as well. if it were a "trusted" app there shouldn't be something like this. You should try to confirm it to support or take a ticket and try to ask them for an explanation
The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc
https://ibb.co/4Wx98Fc
I don't really know about this exchange, maybe the trading fee there is bigger, but if it's like that you better leave the exchange like that, and switch to the more famous and big Exchange.
Its all depend in the exchange better to do is find a legit exchange in coinmarketcap.com or in the coingecko to check a better exchange I advice to you the better exchange like Binance, OkEx, Huobi most of them has have a high volume of traders so the chance of earning will increase if you use a larger exchange just saying!
yes maybe everything will end up a scam, so you have to be really vigilant, don't be happy to follow ico or IEO, this is only a note if for a project,
for your case, it looks like the order book on the exchange is very minimal, and it makes your estimate decrease a lot, because the one who buys is not worth what you should sell
for your case, it looks like the order book on the exchange is very minimal, and it makes your estimate decrease a lot, because the one who buys is not worth what you should sell
maybe you missed this movement or maybe your internet network is also not good so you experience a case like this, if it's like this then you can get an important lesson that always make sell orders so you don't miss the price movements on the exchange.
how do you trade? where do you trade? what type of trading do you use? check sell / buy history, history of balance mutations etc. some basic things like the one above will greatly affect the trading results. so make sure you trade correctly so that you can get profit.
Probably you might experience the impact of high transaction fees prevail at the moment. Early days you did not need much gas to perform a transaction but now we see a drastic increase in it. One thing you need to check prior to do any transaction is that what is the rate they are going to charge when you perform the transaction? Sometimes it can be closer to 30-40 dollars.
There are a lot of people who are new to this forum who don't understand Is it a scam J. You went to buy a coin but you didn't find any of it. You can win there later in the scam. I could easily understand that. And if there is any such link, you can give.
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