Yobit exchange scam EXPOSED, proofs inside - page 2.

Gaugh

full member

Activity: 135

Merit: 100

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

You could reduce the accusations if you took the time to send emails to all your customers explaining why you took that step. It is also very good to update your clients on a regular basis of the changes you have made as you progress.

lottery248

legendary

Activity: 1582

Merit: 1006

beware of your keys.

Quote from: bargainbin on March 31, 2016, 11:09:59 AM

Quote from: Phildo on March 30, 2016, 08:52:56 PM

I hate to say this on every single scam accusation thread, but I feel like I have to.

(1)how dumb are you if you thought this would work?

(2)On what planet would this "rise only market" work?

(3)If we were on that planet, what incentive does yobit have to do anything after they unload their coins?

1. Potato
2. Potato
3. Potato
Checkmate, h80r!

all the answer is simply potato? well, you are not even answering the question legitimately.

not sure if yovi is really a scam, but i am perplexing about how the gain is come from. Huh

if yobit refuses to answer, then i am getting deeper for the information.

bargainbin

full member

Activity: 126

Merit: 100

Quote from: Phildo on March 30, 2016, 08:52:56 PM

I hate to say this on every single scam accusation thread, but I feel like I have to.

(1)how dumb are you if you thought this would work?

(2)On what planet would this "rise only market" work?

(3)If we were on that planet, what incentive does yobit have to do anything after they unload their coins?

1. Potato
2. Potato
3. Potato
Checkmate, h80r!

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

I don't understand the rise only market concept--is that ever used anywhere else?

I'd say Yobit is a good exchange otherwise and yes I'm in their sig campaign, but orders go thru fast and there haven't been any problems with withdrawals. So far.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: cjmoles on March 30, 2016, 11:40:57 PM

that would make it a Ponzi scam

It was a ponzi by design, wasn't it? Wasn't whole "rise" concept based on restricting orders so that no one could sell cheaper, and it depended on new buyers buying at ever higher prices? Did Yobit actually contribute any funds, e.g. from their profits or whatever?

Shield

sr. member

Activity: 333

Merit: 250

Quote from: cjmoles on March 30, 2016, 11:40:57 PM

Quote from: Shield on March 30, 2016, 11:09:32 PM

Quote from: cjmoles on March 30, 2016, 10:47:08 PM

Quote from: suchmoon on March 30, 2016, 12:07:38 PM

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense.

Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan.

Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right?

possible solutions are

rise sell wall limit and max no of orders someone can place,also complete their promises in short period without giving fake excuses
or
yobit make it free market and put a buy wall at ICO price

This is the problem with throwing up a buy wall at ICO price....those who bought in at the much higher prices would lose their entire investment and that would make it a Ponzi scam; that would not be fair! How can changing the rules after somebody made their investment be justified? It would not be fair that those who bought into the project in the beginning be the ONLY ones to make a profit....see what I'm saying? Should the guy who bought in today lose his entire investment to those who bought in first???

then first solution is perfect for this
keep it ROM market
rise sell wall limit and increase max no of orders someone can place,also complete the promises they made at launch in short period without giving fake excuses

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: Shield on March 30, 2016, 11:09:32 PM

Quote from: cjmoles on March 30, 2016, 10:47:08 PM

Quote from: suchmoon on March 30, 2016, 12:07:38 PM

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense.

Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan.

Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right?

possible solutions are

rise sell wall limit and max no of orders someone can place,also complete their promises in short period without giving fake excuses
or
yobit make it free market and put a buy wall at ICO price

This is the problem with throwing up a buy wall at ICO price....those who bought in at the much higher prices would lose their entire investment and that would make it a Ponzi scam; that would not be fair! How can changing the rules after somebody made their investment be justified? It would not be fair that those who bought into the project in the beginning be the ONLY ones to make a profit....see what I'm saying? Should the guy who bought in today lose his entire investment to those who bought in first???

Shield

sr. member

Activity: 333

Merit: 250

Quote from: cjmoles on March 30, 2016, 10:47:08 PM

Quote from: suchmoon on March 30, 2016, 12:07:38 PM

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense.

Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan.

Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right?

possible solutions are

rise sell wall limit and max no of orders someone can place,also complete their promises in short period without giving fake excuses
or
yobit make it free market and put a buy wall at ICO price

cjmoles

legendary

Activity: 1176

Merit: 1017

Quote from: suchmoon on March 30, 2016, 12:07:38 PM

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense.

Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan.

Buying all the coins back at the ICO rate would hurt those who bought in at the much higher prices....I don't know if that would be fair to those who entered the market late! The only thing that would be fair is to buy back all the coins at the current rate....After all, it's a rise only market so yobit can't lose money on the coins they buy back....right?

Phildo

legendary

Activity: 1526

Merit: 1000

I hate to say this on every single scam accusation thread, but I feel like I have to.

how dumb are you if you thought this would work?

On what planet would this "rise only market" work?

If we were on that planet, what incentive does yobit have to do anything after they unload their coins?

tiggytomb

legendary

Activity: 1848

Merit: 1000

I was lucky enough to get out of Yovi when it reopened and got away with minimal loss, the whole rise only market idea is funny, if only it was that easy lol. To say that your team is overloaded doesn't really address the issue or help anyone, it is more a delaying tactic and will just frustrate people even more.

suchmoon

legendary

Activity: 3654

Merit: 8909

https://bpip.org

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

That's a very weak response to what seems to be a very specific accusation. If you sold a product that was not developed properly and you have no resources to complete it - you should refund, or buy the coins back at the original ICO rate, or provide any other compensation that makes sense.

Otherwise you should address the accusation, explain what's going on and how it will be fixed. Saying that higher volume "will allow the Yovi price to rise more actively" sounds more like wishful thinking than a solid plan.

Shield

sr. member

Activity: 333

Merit: 250

at launch of YOVIcoin
max sell wall size was 0.1btc
many users bought big amount of coins, after that they reduced sell wall limit to 0.01

whats profit for them?

they limited max no of active sell order on any account to 2, if you want to place more then 2 orders then they charge a monthly fees for this.so first they scammed users by selling their shitcoin by giving fake promises after that reduced sell wall limit so they can charge those investors a monthly fees if they want to sell their coins.

yobit should remove or increase sell wall limit to their promised level above 0.10btc if they have no intention to scam,all it takes few minutes but if they don't then its clear all that they want is to scam their users

Shield

sr. member

Activity: 333

Merit: 250

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.
Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

I don't think a dedicated development team will take that much time if you are really serious about your project but the truth after selling your premined shit you stopped working on it.

Quote from: YoBit on March 29, 2016, 05:18:48 PM

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

If you can't deliver what you promised why you are expecting your exchange volume will higher? so you can create more shit like this to scam more users?

Quote from: YoBit on March 29, 2016, 05:18:48 PM

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

lol really?
come on, you scammed people and now blaming others while everyone can see its the truth
feeling frustrated because your truth is being exposed.stop giving fake excuses & deliver what you promised to innocent investors.

you decreased the sell wall limit from 0.1 to 0.01 but you promised yovi investors that sell wall limit will increased,it doesn't takes more then few minutes to increase the sell wall limit when you can decrease it you can increase it but you don't want to do so because you already sold your premined shit and now don't want to work on it to deliver what you promised.

I hope some of your investors start a lawsuit against you very soon if you fail to deliver what you promised.They should take action against yobit soon before yobit do big scam.

YoBit

legendary

Activity: 1007

Merit: 1010

★YoBit.Net★

Quote from: rezilient on March 29, 2016, 05:35:04 PM

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

Your competitors owns most of the market and they don't add shitcoins and create their own coin to get profits. shheeesshh

Of course I do not mean large exchanges.
We are still too young, and at the moment our volume is small, but the growth is very active.

rezilient

hero member

Activity: 574

Merit: 500

Quote from: YoBit on March 29, 2016, 05:18:48 PM

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

Your competitors owns most of the market and they don't add shitcoins and create their own coin to get profits. shheeesshh

YoBit

legendary

Activity: 1007

Merit: 1010

★YoBit.Net★

Services for Yovi are still in developing.

Our devs team is overloaded, every day something is improved or optimized on Yobit + we do integration for non standart coins (like Destiny, the first Expanse Asset).

More Yovi-updates & services will be when our volume exchange will be higher, it will allow the Yovi price to rise more actively.

p.s. Too many accusations this month, seems like our competitors are beginning to get nervous.

Shield

sr. member

Activity: 333

Merit: 250

Most of us know about gawminer and paycoin scam but why no one is talking about yobit yovicoin scam?

Yobit launched their own cryptocurrency YOVICOIN aka YobitVirtualCoin in july 2015

https://bitcointalk.org/index.php?topic=1108063.0;all
https://bitcointalk.org/index.php?topic=1120967.0:all

it was Raise Only Market (ROM) with rules

- max wall size: 0.10 btc
- max sell order size: 0.10 btc
- minimal step between new orders - 10 sat (0.00000010)
- max 10 open sell orders allowed for ROM market

All orders in walls > 0.1 btc are cancelled, this is a necessary measure for the market recovery

They promised

Sell limits in ROM will be increased after some time.

- pay for adding new coins by YOVI with discount (by BTC without discount)
+ pay for special tools for new coins (block explorer, annonce by mail to Yobit users)
- pay for ICO/RICO fee by YOVI with discount (by BTC without discount)
- pay for some special new tools for users by YOVI with discount (monthly subscriptions)

But they after selling their premine they decreased the sell limit on their exchange as well as abandoned the project.Did't accepted it on their website for payment method.

They lied everything and scammed innocent investors who bought their premined shit hoping its a good investment.They didn't completed any of their promise to increase sell wall limit and accepting it on their website.

Investors should start a lawsuit against them if they don't complete their promise.

Topic: Yobit exchange scam EXPOSED, proofs inside - page 2. (Read 4811 times)