Topic: Yobit INVESTBOX - page 12. (Read 15032 times)
If yobit can only reply to the queries of their customers quickly. This type of new service they made will make me want to invest. But with the feed back and most of their customers are complaining about mostly with deposit and withdrawals so I'm not going to push myself to invest to their investbox, I might get an headache from it.
If only Yobit exchanged established a good name throughout their entire operational years then maybe I can consider myself to be part of the new feature. That is a good one if it's really genuine and authenticate.
But with the horrible experience especially at their customer support, just an error or problem that will encountered by me will having a hard time before it will be answered. Definitely waste of time and not worth to give a good shot.
Big no.
But with the horrible experience especially at their customer support, just an error or problem that will encountered by me will having a hard time before it will be answered. Definitely waste of time and not worth to give a good shot.
Big no.
it is sometimes about the risk/reward ratio.
for example sometimes (not necessarily in case of yobit and their investment, but in general) you find opportunities to make profit on some places that aren't really considered safe or good and if the profit is much more than the risk you simply do it and take the risks.
and this goes for all of them, you can see people are furious with poloniex these days and they are losing a lot of money because their platform is turned into shit because it can not handle a simple rise in their number of users. but they still go there and trade!
for example sometimes (not necessarily in case of yobit and their investment, but in general) you find opportunities to make profit on some places that aren't really considered safe or good and if the profit is much more than the risk you simply do it and take the risks.
and this goes for all of them, you can see people are furious with poloniex these days and they are losing a lot of money because their platform is turned into shit because it can not handle a simple rise in their number of users. but they still go there and trade!
In rare cases that the platform/service is somewhat legit, then you can indeed say that the risk vs reward ratio matters, but that doesn't go up in case of an obvious scam. Even if I know that I walk out with guaranteed profits at the beginning, I will not invest a single penny into these services. Mainly because of the fact that I don't want to incentivize them to continue scamming people. And that exactly happens when you invest your hard earned cash into hyip's and all other related schemes.
Hi,
I would be very very careful here. Yobit are not to be trusted. They lost me when they ripped off my credibit by not allowing me to withdraw it to migrate it to the new eth tokens. When I tried to migrate it would say "migration in progress", but they never did it, meaining my coins became worthless and were sold for next to nothing.
Now, as for their "investbox", it's clearly a scam.
They offer for up to 10BTC. 0.2% a day interest, meaning 73% a year.
So if I invest 1BTC (~2,000$), that means $4 /day, or $1460/year interest, if I take out the interest everyday, but if I leave it there for a whole year I get the compound interest. So:
Base amount: $2,000.00
Interest Rate: 0.2%/day or 73%/year
Effective Annual Rate: 107.36%
Calculation period: 1 year
Year Year Interest Total Interest Balance
1 $2,147.14 $2,147.14 $4,147.14
Now imagine I invest 10BTC, so we times that by 10, meaning I invest $20,000 (10BTC) and after 1 year I have $41470, not including any increase in the value of BTC, lol.
Now imagine I open 10 yobit accounts and invest 10BTC on each... It's not sustainable and should be a HUGE red flag for everyone.
Stay away folks.
I would be very very careful here. Yobit are not to be trusted. They lost me when they ripped off my credibit by not allowing me to withdraw it to migrate it to the new eth tokens. When I tried to migrate it would say "migration in progress", but they never did it, meaining my coins became worthless and were sold for next to nothing.
Now, as for their "investbox", it's clearly a scam.
They offer for up to 10BTC. 0.2% a day interest, meaning 73% a year.
So if I invest 1BTC (~2,000$), that means $4 /day, or $1460/year interest, if I take out the interest everyday, but if I leave it there for a whole year I get the compound interest. So:
Base amount: $2,000.00
Interest Rate: 0.2%/day or 73%/year
Effective Annual Rate: 107.36%
Calculation period: 1 year
Year Year Interest Total Interest Balance
1 $2,147.14 $2,147.14 $4,147.14
Now imagine I invest 10BTC, so we times that by 10, meaning I invest $20,000 (10BTC) and after 1 year I have $41470, not including any increase in the value of BTC, lol.
Now imagine I open 10 yobit accounts and invest 10BTC on each... It's not sustainable and should be a HUGE red flag for everyone.
Stay away folks.
YoBit probably isn't solvent, due to their super slow withdrawals and failures for any significant amount of Bitcoin.
Here's what I think YoBit is doing (sort of a Ponzi scheme but not quite):
-They take funds from Invest Box, their dice game, their support from ICO scams etc and use it to pay off customers.
-They build legitimacy from this - people believe that they are fully solvent and begin depositing more money into both their exchange and Invest Box.
-Scam.
Here's what I think YoBit is doing (sort of a Ponzi scheme but not quite):
-They take funds from Invest Box, their dice game, their support from ICO scams etc and use it to pay off customers.
-They build legitimacy from this - people believe that they are fully solvent and begin depositing more money into both their exchange and Invest Box.
-Scam.
Having any coins in yobit is risky because they can run away overnight as they are not registered anywhere and many believes it is operated by a single Russian guy so we can't trust him completely. Also they have very poor customer support and investing in this HYIP like plans they have looks really risky. Don't invest in these plans...
No matter how many times people get adviced to not do something, they will forget about it as soon as they see that they are being offered some decent returns -- people get blinded by their greed. It basically doesn't matter what it is, just offer them something that allows them to earn 1% per day (even when it looks like an obvious scam), and they will jump on it like hungry dogs. It's mind boggling how weak minded certain people are....
it is sometimes about the risk/reward ratio.
for example sometimes (not necessarily in case of yobit and their investment, but in general) you find opportunities to make profit on some places that aren't really considered safe or good and if the profit is much more than the risk you simply do it and take the risks.
and this goes for all of them, you can see people are furious with poloniex these days and they are losing a lot of money because their platform is turned into shit because it can not handle a simple rise in their number of users. but they still go there and trade!
Having any coins in yobit is risky because they can run away overnight as they are not registered anywhere and many believes it is operated by a single Russian guy so we can't trust him completely. Also they have very poor customer support and investing in this HYIP like plans they have looks really risky. Don't invest in these plans...
No matter how many times people get adviced to not do something, they will forget about it as soon as they see that they are being offered some decent returns -- people get blinded by their greed. It basically doesn't matter what it is, just offer them something that allows them to earn 1% per day (even when it looks like an obvious scam), and they will jump on it like hungry dogs. It's mind boggling how weak minded certain people are....
Having any coins in yobit is risky because they can run away overnight as they are not registered anywhere and many believes it is operated by a single Russian guy so we can't trust him completely. Also they have very poor customer support and investing in this HYIP like plans they have looks really risky. Don't invest in these plans...
YoBit is trying hard to suck money out of the bitcoin community.
-Exchange
-Dice Game
-Their own coin
-Investbox
Look,they're everywhere !Takes them ages to reply to a single scam accusation.
-Exchange
-Dice Game
-Their own coin
-Investbox
Look,they're everywhere !Takes them ages to reply to a single scam accusation.
What people think about it doesn't really matter, what matters is that YoBit is currently having a few scam accusation and people shouldn't deposit amounts randomly for later use.
It's not even the scam accusation,their service is just terrible. 
they couldn't have been more vague even if they tried! the text above the investbox is so funny and weird!
for example what the hell does this mean:
"It’s a tool for devs to promote their coins."
at first i thought it may have something to do with their free coin giveaways they have on top, so you donate and they give them away to others!
and it is very reassuring just to hear them say it is not Pyramid/HYIP with the NOT word in capital letters!
i think i need to change my bitcoin address soon since i am receiving my payments there
for example what the hell does this mean:
"It’s a tool for devs to promote their coins."
at first i thought it may have something to do with their free coin giveaways they have on top, so you donate and they give them away to others!
and it is very reassuring just to hear them say it is not Pyramid/HYIP with the NOT word in capital letters!
i think i need to change my bitcoin address soon since i am receiving my payments there
I haven't seen that option before and looks like they have recently added this feature but i don't think it is worth to invest in those plans.
They haven't explained how they are getting all those coins to pay back investors specially that 0.2% daily in BTC investment.
Quote
Invest your free coins to InvestBox! It’s a tool for devs to promote their coins.
Why they have bitcoin also if this is true, why BTC needs to get promotion through this Quote
It’s NOT Pyramid/HYIP, all payments are made from special fund.
Special fund They haven't explained how they are getting all those coins to pay back investors specially that 0.2% daily in BTC investment. 
Holding small amount of bitcoin or altcoin isn't safe on yobit and why the hell will someone invest money in their investbox and especially when see more higher profit plans than we can actually see on hype websites. This seems that yobit decided to offer not only hype but syperhype plans with maybe supersuck results.
Invest on yout own risk but even deposit on yobit isn't a good idea because sometimes withdraw isn't quickly.
Invest on yout own risk but even deposit on yobit isn't a good idea because sometimes withdraw isn't quickly.
i think it is time for me to withdraw my little amount from this place, their actions have been very alarming lately.
they keep adding methods of taking money from their users, before it was with gambling, fake pumps and now it is with an investment plan. they seem to be collecting all the scamming methods ever existed!
i wouldn't be surprised if next thing they add will be a "double your bitcoin in 24 hours"!
they keep adding methods of taking money from their users, before it was with gambling, fake pumps and now it is with an investment plan. they seem to be collecting all the scamming methods ever existed!
i wouldn't be surprised if next thing they add will be a "double your bitcoin in 24 hours"!
no business plan whatsoever. be very careful with this exchange from now on.
Yobit have lot of problems, their payment system is problem, their support system is very poor their response in support is to nill. So investing on their platform is totally risk, Who ever is doing that on their own risk
Just look at their rates! They are promising 150% returns every month. That means that if you invest $100, you are going to get $5,960,464 after 12 months. From where they are going to get this much returns? I am staying away from this for sure.
People should take closer look seriously upon thinking to invest on this since once and for all Yobit got bad reputation here and for offering some invesment feature might gonna stumble us if we decide to invest quickly lets just wait for further more feedback on how good are they dealing on it since i don't truly trust this exchange even since before.
Exactly, this is not a sustainable solution. If they wanted something like this, they should ve introduced margin funding like Polo or Bitfinex.
Such profit rated would not be sustainable for anyone who provides this, let alone Yobit.
You may get paid, but it's fishy, I'd advise everyone to steer clear. From this, and Yobit in general.
You may get paid, but it's fishy, I'd advise everyone to steer clear. From this, and Yobit in general.
Yobit is desperately trying to attract more users to its exchange by adding all kinds of gimmick features.
Developers can load a certain wallet (that belongs to Yobit) with a huge load of their coins (likely premine), and from that wallet people will be getting paid. That's the special fund they are talking about.
Developers can load a certain wallet (that belongs to Yobit) with a huge load of their coins (likely premine), and from that wallet people will be getting paid. That's the special fund they are talking about.
Jump to: