YOBIT EXCHANGE SCAM peoples in YODA and DICE coins - page 2.

Bitcoin_bullish

member

Activity: 211

Merit: 55

Quote from: Eureka_07 on August 26, 2020, 03:50:41 AM

Quote from: Bitcoin_bullish on August 25, 2020, 02:05:29 PM

Quote from: Eureka_07 on August 25, 2020, 07:02:15 AM

Hi there.
I have been on Yobit, for almost a year now. Yobit was the first exchange I joined in, and in all honesty, I've loss my early investments there (small investments).

I'm a little confused about what you said. Since yobit was your first exchange and you are just almost one year there then why is your bitcointalk account three years old? Don't get me wrong but I'm trying to find the logic in this.

Do I need to trade on exchanges upon my registration on Bitcointalk? Does it matter?

There is a difference between "upon" and "two years later". Anyway I have already answered on my post above.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: Eureka_07 on August 25, 2020, 11:06:30 AM

You can exchange those satoshis on other withdrawable coins...

I know most altcoins have very low withdraw fees, but honestly I’m not a fan of them and I’m willing to pay a much higher price just so I don’t have to play with them. As I said in a previous post, the only reason I visit that exchange sometimes is because I have some active referrals that generate passive profit for me - not much, but it would be stupid to leave it there.

I will definitely try to sell that DICE for anything, and if I can get some DOGE, I wouldn’t mind that Wink

notblox1

legendary

Activity: 2086

Merit: 1282

Logo Designer ⛨ BSFL Division1

Best advice for Yobit exchange would be to AVOID and never use it.
All their fake coins without blockchain are pure pump&dump for them to profit and earn more bitcoins.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Bitcoin_bullish on August 25, 2020, 02:05:29 PM

Quote from: Eureka_07 on August 25, 2020, 07:02:15 AM

Hi there.
I have been on Yobit, for almost a year now. Yobit was the first exchange I joined in, and in all honesty, I've loss my early investments there (small investments).

I'm a little confused about what you said. Since yobit was your first exchange and you are just almost one year there then why is your bitcointalk account three years old? Don't get me wrong but I'm trying to find the logic in this.

Do I need to trade on exchanges upon my registration on Bitcointalk? Does it matter?

Since the day that I joined here, I just participated on bounties and campaigns. I never invested on anything, specifically I did not invest on trading. That is because I am afraid that I'll just lose my money. And there's a lot more that I need to know before using my money on any investments. I only started trading in the year 2019 because that was the time I got the some courage to do so.

Bitcoin_bullish

member

Activity: 211

Merit: 55

Quote from: o_e_l_e_o on August 25, 2020, 02:17:53 PM

Quote from: Bitcoin_bullish on August 25, 2020, 02:05:29 PM

Since yobit was your first exchange and you are just almost one year there then why is your bitcointalk account three years old? Don't get me wrong but I'm trying to find the logic in this.

I've never used a single centralized exchange, and I don't plan on ever using one. Using a centralized exchange is not a requirement for being interested in or using bitcoin.

This is a good explanation, probably I didn't give it too much thought. In fact many wouldn't want to use a CEX at any point. Also someone might just have interest in Bitcoin and doing some research to understand what is going on before investing. I did something similar for months, although I was looking into a few wrong sources.

LbtalkL

full member

Activity: 1176

Merit: 162

With what I know Yobit has an airdrop or promotion giving away free YODA, It is understood that more people have that coin, so if people got it for free they are willing to sell it no matter what is the price. That could be the reason of dump or just market movement that's how it works in crypto. On the other hand I believe yobit is a shady exchange, if you visit scam accusation board there is a lot of topic about them.

Stedsm

legendary

Activity: 3052

Merit: 1273

@Op, you were waiting for them to prove you that they're scam or what? They've had been scamming people since ages (sarcasm) and they have too many accusations that you can't even count. What made you think that their YODA is worth anything? They started it at around 700 sats (yes, even I got some YODA) and came up with a scheme that you'll need to invest it in their shit investment schemes and play on their dice in order to meet the requirements for getting your Yoda daily % or just forget your coins. That was the worst shit, and stop saying that they're alone responsible for this. What do you think? People who got it for free weren't dumping this shit at all? I'm not defending them but this was a free token and was meant to be dumped.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

Any coin made my yobit only for their yobit exchange must be a scam. All of the newly launched coins in yobit were getting scam/price goes to near zero after few days or months. Even you should not trust them while you make a deposit in yobit. Because most of the time Some coins withdrawal keeps maintenance. So better to check all info before making any deposit. Otherwise after making deposit you can not withdraw them or you have to sell the coin with loss to withdraw the fund with other coins/token.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18706

Quote from: cabron on August 25, 2020, 10:06:27 AM

DICE still can be traded against Dogecoin.

It was only created a month ago. Even for Yobit, it usually takes a few months for the trade volume to disappear completely. Still, the fact that there is 1,247 BTC worth of DICE sell orders at a single satoshi with zero volume for weeks should tell you all you need to know about this scam.

No worries for Yobit though. They don't care about all their users losing money. All they have to do is come up with a new name and repeat literally the exact same process again next month. Maybe CLONE or PONZI would be a good name for their next scam "coin".

Quote from: Bitcoin_bullish on August 25, 2020, 02:05:29 PM

Since yobit was your first exchange and you are just almost one year there then why is your bitcointalk account three years old? Don't get me wrong but I'm trying to find the logic in this.

I've never used a single centralized exchange, and I don't plan on ever using one. Using a centralized exchange is not a requirement for being interested in or using bitcoin.

Bitcoin_bullish

member

Activity: 211

Merit: 55

Quote from: Eureka_07 on August 25, 2020, 07:02:15 AM

Hi there.
I have been on Yobit, for almost a year now. Yobit was the first exchange I joined in, and in all honesty, I've loss my early investments there (small investments).

I'm a little confused about what you said. Since yobit was your first exchange and you are just almost one year there then why is your bitcointalk account three years old? Don't get me wrong but I'm trying to find the logic in this.

Anyway, about Yobit and the shitcoins, it is not what an exchange that at least trying to look legit would do. All these yobit coins and ICO's are not actual tokens, probably just random numbers on their centralized exchange which they can manipulate at will. Also, I believe that we should not blame the victims as probably they have no idea what is going on. They found this exchange bought some altcoins no one knows about and thought they would pump with the rest of the market. Exactly as investors do all this time. No due diligence or even a simple google search to find what is going on. Still, the dishonest part under these circumstances is not the victims but Yobit.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Quote from: Lucius on August 25, 2020, 09:38:05 AM

From time to time I visit this page because surprisingly I still have some active referrals from 4-5 years ago, and recently I was surprised to see on the balance some DICE coin worth a total of 0.07BTC - there is only one small problem, there is no withdrawal nor does anyone buy it so I just picked up the referral earnings and

I actually got 14,000,000 DICE. Sold it and got 1200+ DOGE as what I remember. I don't know why I had that much.

Quote

paid an incredible 120 000 satoshi withdraw fee of which 70 000 ended up in YoBit pocket.

You can exchange those satoshis on other withdrawable coins... like XRP. It has much lower transaction fee on yobit, for about 0.5 XRP only.
That's was my way of making withdrawals from Yobit. 1.2mBTC is a huge fee, I'll never withdraw funds with that kind of fee.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

DICE still can be traded against Dogecoin.

Dice had been airdropped about 14M for each user in yobit I have some of it but I haven't dumped it since I play with it on its dice just for fun. Its not really valuable in the first place when its paired to BTC, its price is just 1 satoshi. Same with Yoda as far as I know and all of them can still be dumped. Don't hold it.

crwth

copper member

Activity: 2870

Merit: 1279

https://linktr.ee/crwthopia

Quote from: stompix on August 25, 2020, 06:32:35 AM

Oh, so bitconnect wasn't a scam, onecoin wasn't a scam because people should do their own research first, and "developers" are allowed to do anything they want.

Where is the part I said it wasn't a scam? Please enlighten me. All I said there is that they can dump whenever they want because they can and they have coins. Developers of legit projects can do that too, but do they? That's just the difference

Scams = They dump
Legit ones = They HODL since they believe in their project

P.S. I don't defend anything, I'm just telling the truth of what developers could do. What matters is what they do with their power.

Lucius

legendary

Activity: 3234

Merit: 5637

Blackjack.fun-Free Raffle-Join&Win $50🎲

I was a member of the Yobit Signature campaign in the past (not the last one) and then everything seemed quite OK - the payments were regular, the campaign quite undemanding. I admit that I was quite inexperienced then, but I guess even then a lot of bad things happened in the background, as is the case today.

From time to time I visit this page because surprisingly I still have some active referrals from 4-5 years ago, and recently I was surprised to see on the balance some DICE coin worth a total of 0.07BTC - there is only one small problem, there is no withdrawal nor does anyone buy it so I just picked up the referral earnings and paid an incredible 120 000 satoshi withdraw fee of which 70 000 ended up in YoBit pocket.

I personally would never make any deposit on that exchange - some might say that the whole thing is scam and probably this is true - but what I'm sure of is that it's a very dirty business and it's the crypto exchange with the most accusations for scam.

Eureka_07

sr. member

Activity: 1764

Merit: 260

Binance #SWGT and CERTIK Audited

Hi there.
I have been on Yobit, for almost a year now. Yobit was the first exchange I joined in, and in all honesty, I've loss my early investments there (small investments). Though I expected losing because I am just experimenting. Those was the first months of me...trading. lol. After that, I paused trading on Yobit to reflect what happened and what can I do to avoid losses...and ofcourse how can I win back my investments.

Those coins that are listed there(except ofcourse to those cryptos like btc, eth, xrp, etc.), are literally just for short term trading. Do not hold them. As they will lose their value overtime. That's rest assured.
Digest the lesson @OP. Don't invest on coins that you are not very familiar with. Otherwise you'll find yourself struggling because of the reds on your investments.
Think of some strat to outwit other traders there. Wink

After all, I do not encourage anyone(specially newbies) to trade on yobit.
Proceed with your own risk as they have also been tagged as scam before.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18706

Yobit is categorically a scam.

I do not hide my disdain of the vast majority of altcoins, and I completely agree with the posters above saying that most altcoins, such as XRP, are centralized scams. Yobit, however, takes the scamming to a whole new level.

Have a read of this post I made back in January regarding the "X10" coin which was shilled and spammed on this forum before rightly being banned: https://bitcointalksearch.org/topic/m.53650350

Next, go to Yobit and look up the trade history and order books for the two "coins" that OP has referred to - YODA and DICE. It is the exact same story as it was with X10. Both created out of nothing and sold to their users for BTC and ETH, both without a blockchain or smart contract and unable to be withdrawn, both artificially pumped through Yobit's "InvestBox", and both with hundreds of BTC in sell orders stacked up with no buyers.

With Yobit successfully haven stolen BTC from these users with their false promises, fake advertising, and lies, they now leave them holding bags of a token which does not even exist and will repeat the whole process by launching some new made up nonsense next month.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: crwth on August 25, 2020, 04:23:54 AM

If you have the power and the capacity to have coins to some degree, you have the capability to sell it as well. So the owners of that coin would have dumped it because they can, it doesn't mean directly it's a scam.

Quote from: tranthidung on August 24, 2020, 11:27:28 PM

To be fair, scam accusations on an exchange should be when it breaks initial ToS, abuse KYC documents of their customers, prohibition on withdrawals without clear evidence and reasons.

Oh, so bitconnect wasn't a scam, onecoin wasn't a scam because people should do their own research first, and "developers" are allowed to do anything they want.
Interestingly, as long as it's written on the menu probably I could serve salmonella filled eggs and also take no blame if my cooks have HIV and they have a habit of cutting themselves over the dishes, after all, I have written in down as a disclaimer.
And ponzi schemes shouldn't be labeled as scams either, you must do your own research, if you invest in them you are to blame and you should go to jail, not the owner.

I'm surprised and amazed how here on bitcointalk people come and defend yobit who is promoting tokens without blockchains, guaranteed 1-5% income daily and many other scenes for which hundreds of websites have been labeled as scams and hundreds of users have been tagged.
Hmm, I must somehow ended on cryptotalk, I see no other explanations for this.

crwth

copper member

Activity: 2870

Merit: 1279

https://linktr.ee/crwthopia

You shouldn't invest in unknown coins that don't have any impact on real-life applications, knowing that the name itself seems odd enough. If you have the power and the capacity to have coins to some degree, you have the capability to sell it as well. So the owners of that coin would have dumped it because they can, it doesn't mean directly it's a scam. And if it is a scam, why would you invest in an unknown coin too?

This has been going on and on with different coins and different projects. It has been called ICO and some IEO. They can dump what they have on the market, and that's what they are going to do since they can. It's best to find coins that have value and a great developer that for sure won't dump on your face.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: mk4 on August 25, 2020, 02:54:22 AM

Not going to defend YoBit here, but let's be honest here. It's pretty much the same with like probably 95% of all cryptocurrency projects in general. A perfect example being XRP; they pretty much dump on their "investors" pretty much monthly.

So how many big exchanges accept to list XRP on their exchanges? How many of them have scam accusations because of XRP falling price in the last 4 years? How many people still strongly love XRP and believe in its technology, revolution, etc.? How many of people disbelieve in XRP's centralization?

Those questions are simply raised to say scam accusations on Yobit because of price falls are not correct. Accept risks and losses before invest, accept rules and reputation of exchanges before use them.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: libert19 on August 25, 2020, 12:55:45 AM

I ain't surprised man, yobit scummiest thing in cryptosphere, they are probably still surviving with this scummy tactics. Multiple accusations have been brought up against them, people should learn to stay away.

Not going to defend YoBit here, but let's be honest here. It's pretty much the same with like probably 95% of all cryptocurrency projects in general. A perfect example being XRP; they pretty much dump on their "investors" pretty much monthly.

Topic: YOBIT EXCHANGE SCAM peoples in YODA and DICE coins - page 2. (Read 669 times)