Topic: Yobit's LISK Pre-Release Market (Read 1501 times)

Bah, Yobit is just fine but this lisk thing is a bit crazy.   Is this supposed to be the next big coin?  I mean, is it innovative at all or is it a clone?  Or is this simply speculators masturbating?

It has literally been 1 to 18 BTC, ain't it crazy.

The same with me i gain good profit from the current trading in yobit
But i think the market still can raise up 0.04 by tonight because no one else control the supply ()
Many thanks yobit this opportunity

Made over 2000% over night on my BTCs thanks to Yobit?!

If you bought at that price on your chart picture on op you would still be in profit with the fake IOU lisk. lmfao thats hilarious.

I guess people are very trusting about yobit having these and fulfilling these iou's

Well organized scam i gotta give them that.

From Supernet Slack


https://www.mynxt.info/asset/14738107721483067493

1/10th the price of yobit currently

If they are the 1000 btc guys and they honour their promise of paying out, that would be one thing less to be concerned about.

Upon release it will go back down to 1

Maybe lower.

this is what i thought when i first saw the market open up last day.

as the official announcement before and also after the YOBIT listing, everybody knew that it is not going to be released until end of April (i have even set up reminders) so the initial trade volume which was bigger than 100BTC was totally fake and the rise also looked more like what MtGox did with bitcoin rather than real traders buying.

It reached news highs on Yobit @ 0.017 BTC per Lisk. Even Coinmarketcap has already listed the coin with a price of $7.10 

http://coinmarketcap.com/currencies/lisk/

YOBIT LISK TOKENS
24High: 0.01500000 BTC (6.32$)
24Low: 0.00071428 BTC (0.30$)

Wow that is a lot of BTC, is it a scam?

+1, very smart move from yobbit owners

yobit is such scammy exchange

Actually, they haven't. It's impossible to deposit any Lisk, so no-one can sell any into that market. The only one who can (who has) is Yobit; the "Lisk" is their IOU from the pre-sale.

Now that the subject is up, they might have been the ones who sunk 1000 BTC into the thing...

But guesses aside, the fact that Lisk is not released yet makes Yobit's LISK/BTC pair an artificial market. It's an artificial market with constrained supply. If Lisk were really released and Yobit's pair were a real market, the price would be lower. There'd be a lot of ICO investors depositing their Lisk and filling up the sellbook. Almost certainly, given the current high bid is 0.0094 (?!), there'd be a lot of ICO buyers hitting the bids.

Gawd almighty: that (tiny) high bid calcs out to almost four dollars!    The ones who've been yelling "LISK $1 AT OPEN!" have certainly gotten their wish.

And Yobit has a huge-volume market that's beat Bittrex by close to a month. Regardless of where Lisk goes, the ones who'll be going nom nom nom are Yobit's owners. They have what appears to be a monopoly on trading it, and they'll be nom nom noming the trading fees until Lisk is released. Really, I have to hand it to them: using their ICO ration to set up a market, artificial though it is because of the supply restriction, was a stroke of competitive genius. By the time Trex gets in, Yobit will have nom nom nomed a lot of trading fees.

But please remember if you're thinking of buying Lisk there: the artificiality of the market, specifically the supply restriction, means that you'll probably overpay if you buy "for real." If you're speculating, trading or punting, the artificiality will even out - provided you exit your positions before the release.

This is good advice, not only for Lisk IOU, but anyone that leaves control of their coins on centralized exchanges.

This is crazy anyone who bought at the initial price start already made some profits
without the real product even launched yet.