[SCAM ALERT] YOBIT exchange scamming peoples in their IB Investbox

Charles-Tim

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Quote from: The Sceptical Chymist on October 19, 2021, 12:48:20 AM

The investbox feature of Yobit is nothing but gambling, and I think they think the words invest and gamble mean the same thing.

This reminded me when I just started to know about cryptocurrencies, I saw a coin with 10% daily profit at the time which was one of the coins on the invesbox on Yobit exchange, I invested and lost more than 3/4 of my investment capital within a month. The profit is real but the coin is decreasing in value which led to the loss. This is just how the investbox look like and full of manipulation.

That was not all, this was another experience that really pained me but I tried it out with low amount of money though. If someone use bitcoin to trade for shitcoins on Yobit, this will happen to the person (in the link below), the person will lose immediately after the trading. Stale Yobit users know about this and first convert bitcoin to altcoins like doge, then to bitcoin for the loss not to occur, but newbies will definitely lose in the process of converting bitcoin to shitcoins on Yobit for investment purpose which will also lead to further loss.

Be careful of shitcoins on trading platforms.

Although, I did not mention the exchange I experienced this, but the 2nd, 3rd and 4th of this were totally about Yobit. I think exchange that encourages gambling should not be used also.

The Sceptical Chymist

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Quote from: aioc on October 18, 2021, 10:08:25 PM

the biggest bank and the largest companies will laugh at you if you ask them if you can get 5 to 10% daily if you invest in their company, just use your common sense and moderate your greed and you will be ok.

No wonder I have you on ignore--and I regret peeking at your post in spite of that. Obviously you don't realize that there are legitimate, public companies that trade on the NYSE which pay an annual dividend rate of over 8-9%. So you could make that level of return just from income alone, not to mention potential capital gains.

If a crypto operation promises returns in the ballpark of 20% and up, I'd definitely be skeptical and would look into how those kinds of profits could be achieved--but in most cases, such information isn't available and you have no idea how your investment is going to be put to use.

The investbox feature of Yobit is nothing but gambling, and I think they think the words invest and gamble mean the same thing. Anyway, since OP has been made aware that he hasn't stumbled upon a previously unknown scam, I think he should lock this thread now.

aioc

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Quote from: YobitScamExchange on October 14, 2021, 06:58:10 AM

Hello!

when you read earn 10% daily it sounds attractive right?, But forget it totally
Price of every token in the Investbox will go down from 10% – 80% every day, do not try it

These Yobit tokens are generated constantly and sold by those who operate the exchange,

Hey not only on Yobit anything that offers you 5 to 10% guaranteed income daily is definitely a scam, but no legit company or project can offer that, the biggest bank and the largest companies will laugh at you if you ask them if you can get 5 to 10% daily if you invest in their company, just use your common sense and moderate your greed and you will be ok.

ScamViruS

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The crypto community is well aware of the activities of this exchange. Because the people of the crypto community have lost their money in different ways in this exchange, this exchange has stolen the money of their customers by showing different excuses. And the old traders are well aware that their yobit investbox is a scambox, because all those who invested here after seeing the lucrative offer have lost their money, Yobit does all sorts of things to steal their customers' funds. So it is better to stay away from these shit exchange to keep your funds safe.

bitbollo

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this is something well known since 2017 at least (during ICO mania).
However no one that has a minimum of knowledge in crypto has a real interest "to invest" in a coin with following specs:
- infinite supply (and however without a clear market cap)
- no blockchain (numbers in a database!) hence you can't deposit or withdraw anything
- virtual tokens (as seen before, it means have no real usage)
- hyperinflation already programmed
- proposed as investment (!!!)
well this is not the best way for handling people inside an exchange, providing these fake opportunities.... but it's clearly identifiable as worst idea for making money....

robelneo

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Quote from: YobitScamExchange on October 14, 2021, 06:58:10 AM

Hello!

when you read earn 10% daily it sounds attractive right?, But forget it totally
Price of every token in the Investbox will go down from 10% – 80% every day, do not try it

These Yobit tokens are generated constantly and sold by those who operate the exchange,

Attractive for newbies and to those who do not do research on the status of Yobit, they launch tokens even now and then to flood their own market promising stable income for their traders, their platforms are controlled by bots, and even if you win trading in their platform, you will not get your money they want you to trade and lose and if you win they will ban you.
They've done this for years and as long as there are newbies and people who are greedy to make quick bucks Yobit will continue to exist, they are one big trap in Cryptocurrency.

Husires

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Even if everything is legitimate, what is the use of the money if you are going to withdraw it in the form of tokens that are only listed on scam platforms or at least you cannot withdraw them.
Even when you want to sell, you will discover that the trading volumes are very low.
YOBIT exchange bumping low volumes scam coins to scam newbies.

coin-investor

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Quote from: YobitScamExchange on October 14, 2021, 06:58:10 AM

Hello!

when you read earn 10% daily it sounds attractive right?, But forget it totally
Price of every token in the Investbox will go down from 10% – 80% every day, do not try it

These Yobit tokens are generated constantly and sold by those who operate the exchange,

You are late by five years, they are notorious in scamming people they are competing with 1XBIT on the number of scam thread here in the scam section, all the tokens they created and all the investment plan they launch including the token they create for their forum are all scam,if you happen to stumble a token created by Yobit go away from that token, it will end up a shit coin.

YobitScamExchange

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please reply this ti display the shot

https://twitter.com/scamyobit/status/1002899204233048069
running same scam as liza2

https://i.ibb.co/18sCPwj/image.png

examplens

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Quote from: YobitScamExchange on October 14, 2021, 06:58:10 AM

when you read earn 10% daily it sounds attractive right?,

don't get offended, but 10% profit daily sounds attractive only for empty heads. this is nothing new when it comes from scammers, not just Yobit. "too good to be true", perhaps most often repeated here on the forum.
I am wondering, how much you lose there and why you did not do research before any action there?
a quick google search would give you a clear signal that something is wrong with their business

sujonali1819

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Ha ha, this is not new mate. Maybe maximum user on this forum who know the Yobit exchange they know how shit they are and their Invest box or Icos. Everyday they launch own token without any blockchain and launch the Ico, after that they still money expect some lucky user who can catch the game before ending it.

YobitScamExchange

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Quote from: BitcoinGirl.Club on October 14, 2021, 08:44:22 AM

How long did it take you to understand the whole BS Investbox? 🤪
Yobit has bad reputation since the beginning it's know to all, nota secret anymore.

i use the exchange few times when i start read people comments in chat i saw plenty traders grumbling after losing in liza2
took me $500 most likely it robbery from owners to realize the fact this exchange is a totally a scam

https://bitcointalksearch.org/topic/yobitnet-cryptocurrency-exchange-multicoin-dice-free-coins-every-1-24-hrs-914975

Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Check their trust page to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.

Little Mouse

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Investbox was supposed to be working this way, didn’t you know or you just realized? If something is so lucrative and sounds too good to be true, then this has something wrong of course. It sound like this from the beginning and I'm not surprised at all.

BitcoinGirl.Club

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Farewell LEO: o_e_l_e_o

Quote from: YobitScamExchange on October 14, 2021, 06:58:10 AM

Hello!

when you read earn 10% daily it sounds attractive right?, But forget it totally
Price of every token in the Investbox will go down from 10% – 80% every day, do not try it

These Yobit tokens are generated constantly and sold by those who operate the exchange,

How long did it take you to understand the whole BS Investbox? 🤪
Yobit has bad reputation since the beginning it's know to all, nota secret anymore.

Side hassle: You do not need separate topics for every yobit features you discover LOL

YobitScamExchange

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Hello!

when you read earn 10% daily it sounds attractive right?, But forget it totally
Price of every token in the Investbox will go down from 10% – 80% every day, do not try it

These Yobit tokens are generated constantly and sold by those who operate the exchange,

Topic: [SCAM ALERT] YOBIT exchange scamming peoples in their IB Investbox (Read 158 times)