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Topic: Why YOBIT allow to buy dead coins ? (Read 1346 times)

hero member
Activity: 770
Merit: 500
Bazinga!
July 17, 2016, 08:34:44 AM
#38
it is simple, because YOBIT never changes anything about their business, anything that gets in, never gets out.
they just add new coins without even checking them first, so there is no surprise that there are alot of dead coins there and nobody ever removes them. because there is nobody to moderate that place Smiley
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
July 17, 2016, 06:44:30 AM
#37
Why don't you see the volume of a coin before buying, see before buying a coin there volume should be atleast 0.1.BTC
Well, so many incidents like this. even I also never buy such coins. I think here because there are inadvertent in selecting coins. in my opinion do not directly buy coins that cost down with a high, but you have to look for information about the coin in advance, and I see the volume of the coin is a good method to see whether or not a coin
knowing the announcement of the coin will definitely helps us to know if the coin is just a pumped and dumpe yobit accepting dead coins because of one reason they are in trading business no matter what the coin was if the dev or someone can pay for the listing yobit will take advantage on it.

Well thats very bad their because for that doing it can make their service sucks! for letting those scam/dead coins to be added more in their site i can see i future they will get raining complaints and scam accusation because scam coins can kill the trust of trader who wants to do trades their so thats why the owner of yobit should really need to sort those things up so they can give quality service to their traders.
hero member
Activity: 644
Merit: 500
July 17, 2016, 05:09:32 AM
#36
Why don't you see the volume of a coin before buying, see before buying a coin there volume should be atleast 0.1.BTC
Well, so many incidents like this. even I also never buy such coins. I think here because there are inadvertent in selecting coins. in my opinion do not directly buy coins that cost down with a high, but you have to look for information about the coin in advance, and I see the volume of the coin is a good method to see whether or not a coin
knowing the announcement of the coin will definitely helps us to know if the coin is just a pumped and dumpe yobit accepting dead coins because of one reason they are in trading business no matter what the coin was if the dev or someone can pay for the listing yobit will take advantage on it.
hero member
Activity: 2072
Merit: 503
#SWGT PRE-SALE IS LIVE
July 17, 2016, 05:01:07 AM
#35
Why don't you see the volume of a coin before buying, see before buying a coin there volume should be atleast 0.1.BTC
Well, so many incidents like this. even I also never buy such coins. I think here because there are inadvertent in selecting coins. in my opinion do not directly buy coins that cost down with a high, but you have to look for information about the coin in advance, and I see the volume of the coin is a good method to see whether or not a coin
sr. member
Activity: 336
Merit: 250
July 17, 2016, 01:31:36 AM
#34
Yobit accept tons of shitcoin cause they pay to list on it
Yobit get some bitcoins to list it, but i think yobit too much doing that some potential altcoin get burried under tons of shitcoin
hero member
Activity: 1302
Merit: 577
avatar and signature space for rent !!!
July 17, 2016, 01:26:41 AM
#33
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?
My suggestion if you don't want to buy many dead coin then stay away from yobit and find other exchanges who is more strict than yobit. All altcoin accepted in yobit and you have many choices but the problem is more of them is shit coin.
legendary
Activity: 2478
Merit: 1018
July 16, 2016, 10:15:24 AM
#32
The problem I got in yobit is its so log when using mobile , it's hard to sign in and it take time before you can sign up then another difficult happen it's hard to click wallet after you sign up :3 normal to see a shit coin at yobit here my suggestion for you stay away to believe in chat box many got victim and lost when they believing in it.

The site isn't meant for Mobile browsing so yes it can be hard to access the page using phones.
There is a reason why that chatbox is called troll box is because they are full of troll. everyone calls a coin a scam and spread false news about them, so its better to just read the news on the coin's site itself.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
July 16, 2016, 06:18:55 AM
#31
The problem I got in yobit is its so log when using mobile , it's hard to sign in and it take time before you can sign up then another difficult happen it's hard to click wallet after you sign up :3 normal to see a shit coin at yobit here my suggestion for you stay away to believe in chat box many got victim and lost when they believing in it.
legendary
Activity: 2758
Merit: 1228
July 16, 2016, 02:06:40 AM
#30
because yobit is scam exchange and doesn't care if we  lose money or not only care if they get their fee.

Yobit is not scam, the coin listed their is scam  and thats the main problem on yobit really, they allowing scam coins their exchange and didnt delete those died already,

And also the very bad thing in yobit is the lacking of manpower they dont have steady support who can attain the problem of traders in terms of deposit/withdrawal lose and that should dev must be address so they cannot be called scam exchange if they run perfectly well they can really be called great exchanger same as poloniex and bittrex.
hero member
Activity: 742
Merit: 500
July 15, 2016, 06:11:15 PM
#29
Can anybody explain me what is dead coin? Is that some crypto currencies that already not exist or what? I am only two and half months in this business about bitcoin and still don't get some moments carefully.
Thank you in advance for explaining.

It is the cryptocurrency that have low trading volume or no buying and selling at all for long time duration. You can see that in the buynsell history of the coin. And some clue for dead coin is 1 sats price.
hero member
Activity: 1078
Merit: 514
July 15, 2016, 07:56:54 AM
#28
Can anybody explain me what is dead coin? Is that some crypto currencies that already not exist or what? I am only two and half months in this business about bitcoin and still don't get some moments carefully.
Thank you in advance for explaining.
hero member
Activity: 742
Merit: 500
July 15, 2016, 07:50:05 AM
#27
because they will still have profit on that coin. they will annouce what coin will be removed thats why people have a hint to don buy that coin. it needs common sense in trading and of course a lot of experience.
hero member
Activity: 1414
Merit: 505
Backed.Finance
July 15, 2016, 07:43:12 AM
#26
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?

I really sorry about that. Before investing in an altcoin, study the charts carefully and if you decide to buy, do not hold for too long either. One can't tell what will happen tomorrow.

Sometimes its better to short trade as prices changes fast. After the hype, its not moving anymore and that coin will be dead. I do not hold especially new coins for a long time. I also read and being updated within the thread here. I hold only coins from Yobit that has a strong community support and active devs.
legendary
Activity: 1792
Merit: 1283
July 15, 2016, 07:38:04 AM
#25
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?

I really sorry about that. Before investing in an altcoin, study the charts carefully and if you decide to buy, do not hold for too long either. One can't tell what will happen tomorrow.
While what you are saying is true, I also think it's good practise of the exchange in question to remove dead coins in time.
Or at least start by not adding so many coins that are doomed to fail from the start.
sr. member
Activity: 294
Merit: 250
Minter
July 15, 2016, 07:33:40 AM
#24
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?

I really sorry about that. Before investing in an altcoin, study the charts carefully and if you decide to buy, do not hold for too long either. One can't tell what will happen tomorrow.
legendary
Activity: 1946
Merit: 1137
July 15, 2016, 03:39:42 AM
#23
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?

i don't really understand how you could have had a good experience so far with yobit!! they have been a pretty bad service from the beginning and they have been adding literary any coin that exists out there and asks for being added to their exchange service even if it is scam, virus wallet ,....
legendary
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
July 15, 2016, 02:06:23 AM
#22
Its not really up to yobit to do anything with them, Ive seen dead coins that havent moved in months getting pumped up stupid amounts. If youve got some your as well just hanging onto them and see if you can at least cash out at some point. Im not sure if they actually ever remove coins or not. If your wanting rid of them you can always just sell them off or give them away in yobit codes. Its kind of handy that they dont delist them anyway or else it means if you wanted to keep them then you would have to download the wallet and withdraw.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
July 15, 2016, 01:42:11 AM
#21
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?

So you can't sell it back to them? Thats sweet as business!
why in the world did you end up buying such coin by the way? There will be more victims like you later if you don't tell us how. Just think about how many coins being developed everyday which doesn't really have use.



Simple because he dont do some research about the coin and suddenly without knowing its already dead and thats very bad for him since dead coins in yobit cannot be lift up and no chance for the price to rise up thats why its better you keep it because you cannot do nothing even if you sell it its not profitable still, thats why we should really carefull next time to many scam coin listed in yobit we must monitor our buyed coins so we cannot be lift in its dumping to die stage.
legendary
Activity: 2478
Merit: 1018
July 15, 2016, 12:45:49 AM
#20
I am active trader on yobit. Since i am using YOBIT had a good experience.

But I am not satisfied with service offered by yobit about dead coins. As Today I already have bought such a dead coins which I even cannot sell.
What to do with such a dead coins ?

So you can't sell it back to them? Thats sweet as business!
why in the world did you end up buying such coin by the way? There will be more victims like you later if you don't tell us how. Just think about how many coins being developed everyday which doesn't really have use.

hero member
Activity: 644
Merit: 500
July 15, 2016, 12:33:27 AM
#19
yobit is just a platform. it's everyone else's problem to bring life to the coins on there. what do they have to do with the actual demand?

like others have said why not start your own pump? most people are dumb enough to jump on board at some point.
yes yobit won't control it since they are platform and also interest to gain from it, if you can move and pump
yourself maybe you can attract attention and newbie traders will go with the flow with you.
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