YoBit IEO's - page 2. | Bitcointalksearch.org

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Quote from: dunfida on May 07, 2019, 02:35:20 PM

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

People seem to choose the exchanges (e.g. Yobit, Cryptopia, Livecoin, etc) that matches their IQ. Not really a surprise at the end of the day.

I have a (not so smart) buddy of mine who tried to participate in an IEO on almost every trash exchange possible, and didn't manage to enter even once. You could say that he at least didn't lose anything by not participating, but the risk here is that the exchange can lock your account and force you to verify yourself. They'll annoy you with silly questions until you drop your case and accept your loss.

QueenW

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I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

dunfida

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Quote from: BitHodler on May 07, 2019, 08:26:41 AM

Quote from: freedomgo on May 06, 2019, 10:56:09 PM

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that.

The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable.

Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.

It would really be just like a gamble but people are now being dragged down by IEO hype without even realizing the possible risk of losing money and getting in seems really impossible due to queue of people
who do tend to join up.

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

BitHodler

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Quote from: freedomgo on May 06, 2019, 10:56:09 PM

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that.

The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable.

Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.

freedomgo

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IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

d1ceplayer

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Quote from: QueenW on April 29, 2019, 06:49:36 PM

This exchange does not cause me to trust, so I would not participate in their IEO. even on reputable exchanges such as Binance. I see them as a reworked ICO, still better to invest their money on more reliable and reputable exchanges.

There are a lot of peoples think similar to you. I don't really know why most of the peoples do not trust the Yobit exchange but for me, I am with them since years and never had any issue. Also I have been investing into their investment box where the profits seems genuine and stable. For me, their IEO is something which would attract more users to go through their exchange.

Yobit might be having some drawbacks but untill now I have never faced any of them so I have to keep trusting them and try investing into those IEO's launched by yobit. Anytime irecieve mail from yobit, I throughly go through them to really keep myself close towards what is happening in the current markets.

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Quote from: buwaytress on April 28, 2019, 03:59:46 PM

Since no one's said it, I'll say it. This Yobit IEO is exactly like their ICO in the past.

It's only a change of name, but the model's exactly the same. It's just a fanciful way of running a game of crash. You issue tokens, put up walls to support certain prices in certain days. People wait and let the price go up and try not to dump too soon. Every single ICO run by Yobit in the past continues to trade now below the listing price. Well, well below.

So in summary, this is NOT an IEO the way other exchanges claim (it's not a vetted project at all, hasn't gone through assessments and due diligence). It's just a game.

What do you expect? If there is a contest on what exchange that does have a tons of shitcoin then Yobit would be the official winner. And why do people still use that garbage exchange? It is 2019 everybody and there are a lot better and new exchange out there. There is a huge hype in IEO so any exchange should be expected to take advantage of it.

guoyu78

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Quote from: marcotheminer on April 19, 2019, 11:33:35 AM

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

IEO's are emerging fastly and not only yobit but I can see a lot more IEO's in the markets. I tried catching some on bitforrex but as per you say, I did not exit the market as soon as I have profit. Instead I am trying to stay into those markets as long as possible because I got to see some potential in them. IEO's also offer some good bonuses which is appreciable and profitable in terms of investing higher amounts.

I prefer investing $50-$100 into such IEO's so that the future would gain more importance to the amount we invested. I keep on getting emails from yobit about the start of their IEO sale but it didn't took it that seriously because I was been busy investing into other IEO's but would surely like to have a glance at it.

QueenW

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This exchange does not cause me to trust, so I would not participate in their IEO. even on reputable exchanges such as Binance. I see them as a reworked ICO, still better to invest their money on more reliable and reputable exchanges.

tmfp

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To update an old phrase for indulging in poor risk/reward gambling (binary options, anyone?) it's akin to picking up dimes from in front of a steamroller, only in this case the steamroller's driven by a psychopath and the dimes are counterfeit.

buwaytress

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Since no one's said it, I'll say it. This Yobit IEO is exactly like their ICO in the past.

It's only a change of name, but the model's exactly the same. It's just a fanciful way of running a game of crash. You issue tokens, put up walls to support certain prices in certain days. People wait and let the price go up and try not to dump too soon. Every single ICO run by Yobit in the past continues to trade now below the listing price. Well, well below.

So in summary, this is NOT an IEO the way other exchanges claim (it's not a vetted project at all, hasn't gone through assessments and due diligence). It's just a game.

1Referee

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Quote from: virasog on April 27, 2019, 06:22:41 AM

IEO was first sarted by Binance and the first token BTT was a hit. It even gave good returns to people who buy it from the exchange after the token was listed, Maybe the reason was that it was extermely cheap and Justin Sun had created a lot of hype for it too. Apart of that most of the tokens give more than 2x on the exchanges including Kucoin, Binance, bitrex etc. Although currently participating in IEO is safe, as you are almost sure to make minimum 2x from it, but which the passage of time, many scam IEO will also come in the market.

BTT isn't a total shit token.

It has the potential to be huge with how BitTorrent could allow hundreds of millions of users to tap into the utility of that token. If they work this out well enough, I am quite certain that early birds will be generously rewarded for their confidence in the token. It's the first token with mass appeal, and it could be integrated in other Torrent clients too.

Every IEO that came after BTT is garbage. There is no nice thing to say about them. Most are pure scams, where some are nothing but an idea the people behind the projects allow you to buy into.

virasog

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Quote from: marcotheminer on April 19, 2019, 11:33:35 AM

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

I do not trust Yobit site and therefore the IEO started on the Yobit can turn out be another pump dump game. You should avoid it unless you want to risk your funds.

Quote from: dunfida on April 19, 2019, 02:27:08 PM

Quote from: marcotheminer on April 19, 2019, 11:33:35 AM

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

IEO is the new trend now when it comes to investing and you really need to be fast and alert if you dont like to miss out the train. You missed then you'll surely lose some money.

IEO was first sarted by Binance and the first token BTT was a hit. It even gave good returns to people who buy it from the exchange after the token was listed, Maybe the reason was that it was extermely cheap and Justin Sun had created a lot of hype for it too. Apart of that most of the tokens give more than 2x on the exchanges including Kucoin, Binance, bitrex etc. Although currently participating in IEO is safe, as you are almost sure to make minimum 2x from it, but which the passage of time, many scam IEO will also come in the market.

BitHodler

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Quote from: arpon11 on April 26, 2019, 11:55:13 AM

I find it also very difficult to find a good project that are listed in yobit this days. I have been receiving messages from yobit in my mailbox about new IEO and I find it very difficult to study those projects and invest accordingly as I don't have money to be wasted.

Good projects and Yobit don't go together very well, so stop looking for them. Yobit is a dump exchange--if every other exchange you wanted to be listed on rejected you, there is always Yobit that you can access after payment.

Also, is there really a point in 'studying' projects? None of them has been easy to access at its initial sale stage, where after the actual listing on the exchange the prices keep tanking hard like there is no tomorrow.

People's plan with IEOs is only getting into the initial sale stage and to dump directly when the pairs go live for trading. No one in his right mind would actually consider holding this rubbish for the long term. It's a guaranteed way to lose money.

arpon11

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Quote from: electronicash on April 19, 2019, 02:36:38 PM

by being fast means you should be the first to dump what you have got because if not, you'd be holding a worthless coin. lucky if you got the project where the developers are seriously developing the project. unfortunately i don't find much serious projects that are listed in yobit and not listed somewhere else.

I find it also very difficult to find a good project that are listed in yobit this days. I have been receiving messages from yobit in my mailbox about new IEO and I find it very difficult to study those projects and invest accordingly as I don't have money to be wasted. It is very risky to invest into IEO because the smartest guys that has been in this game are going to use you to increase their purse. I have decided to only invest in projects that has good products and services behind them.

jakelyson

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I have not tried any IEO even on reputable exchanges like Binance. I see them as a recycled ICO to scam people of their money. I rather stay away from it especially if it is run by a shady exchange like Yobit.

magneto

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It's a pure speculative game.

There isn't even a blockchain on which the coins can be transacted on, which makes it even worse since there is always a risk with Yobit being capable of manipulate balances if they wanted to (essentially making it centralised).

Is it any different to a lot of present day initial offerings given that their underlying ideas are completely worthless? Probably not. But this is taking it to a new level, where the exchange itself is hosting rounds of speculative bubbles and can theoretically intervene and do insider trading whenever they want.

I personally wouldn't take part, especially with large sums of money given that they could screw you over and there'd be no public records or ledger to refer to (since there is no blockchain or actual token on that blockchain), and the manipulation. But you could see it somewhat as gambling I guess with low sums.

marcotheminer

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Who participated in their latest one? PLUTO I think it was..?

Lanatsa

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Quote from: examplens on April 19, 2019, 06:24:09 PM

Quote from: Lanatsa on April 19, 2019, 02:50:44 PM

Quote from: electronicash on April 19, 2019, 02:36:38 PM

by being fast means you should be the first to dump what you have got because if not, you'd be holding a worthless coin. lucky if you got the project where the developers are seriously developing the project. unfortunately i don't find much serious projects that are listed in yobit and not listed somewhere else.

Yobit? with that shitty exchange? I wont put up a single penny on it.They do have shady issues in the past which until now they haven't still resolve yet.They might
launch their IEO and as far as i know they succeeded and accumulate thousands of BTC which is pretty questionable sale for such shady site.

I agree with you about Yobit.
There is too much appeal to them, especially when they are concerned about withdrawing problem. I give my support to IEO, but only to high trusted exchanges. Many scam projects, now they can use more "secure" way to take money from the investors.

I would consider to put up money either on Binance or any other top exchangers but not with Yobit even though tendency or chances of manipulation is still there no matter how
reputable the site would be. So much IEO hype as of today and sooner or later this would still end up just like what ICO did and we would see another type of crowd funding with another style once again.

marcotheminer

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Quote from: klaaas on April 22, 2019, 07:01:29 AM

Quote from: marcotheminer on April 20, 2019, 05:04:48 PM

Does this mean one "cannot lose money"?

Where people make profits there are people losing on it. Win win on both sides isnt possible.
Sure the biggest winner in this all is YoBit.

But if Yobit has buy walls for the full IEO amount, anyone can sell at the initial price as the lowest price? Meaning there's a cap on losses? I don't think that's right because I've seen some of their tokens go below the start price - but what am I missing..

Topic: YoBit IEO's - page 2. (Read 818 times)