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Hi there.  :)

I've been monitoring the Lisk price in Yobit and Bloombit for about 36 hours now, so let's discuss the interesting patterns existing there.

Yobit Lisk price started from (around) 80K satoshis, and went all the way up to 2 million satoshis (0.02000000 BTCs) in about 18 hours, then right in the time that it tried to beat 0.02 BTCs another exchange, Bloombit, started to sell lots of Lisk IOUs with the price of less than 500K satoshis. As a result, the price started to fall in Yobit.

What's interesting is that Bloombit keeps to put orders of Lisk sell, everyone of them (about) 70 BTCs worth of Lisk, sold with the price of 0.00468946 BTCs. When a sell wall of 70 BTCs worth of Lisk is completely sold in a few hours, another sell order with the same size is created again. Bloombit has created these sell walls at 0.00468946 BTCs price repeatedly:


Since Bloombit is not selling real Lisk (but IOUs), so it may be trying to control and decrease Yobit price, so that Lisk wouldn't attract too much attention or launch with a high price. Who is behind it and what's he trying to do? Could it be fans of other altcoins? Since it happened exactly when Lisk was trying to beat the holy price of 0.02 BTCs at Yobit, can we point our fingers at the fans of a special altcoin?  ;D  ;)

Any ideas? Thanks in advance.  :)

Idea: Sketchy exchanges are trying to make the most money they can.

No only that but it also affected the market as a whole. On yobit I noticed the guys with not much money started dumping other alts they had just to buy the fake lisk. Smfh! All of my other alts dropped like crazy. What a move by the way I'm selling gold that I have not mined yet!

Or they are just collecting BTC to exit the market. This is the most coin they will ever see anyway, so it seems to be the only logical way to go.

Both exchange want to make money out of LISK , the higher the price they command the bigger trading commission they will get.

Bloombit exchange looks like they are on their gallant last stand. They probably don't have all the lisk they are selling, and will disapear once its payback time to the buyers in bloombit.

Not to forget, they are selling their LISKs at a huge profit, from the ICO.

Even small altcoin exchanger like bloombit is getting nice volume on their LISK ico token sales. They are trying to suck peoples money as it only cost them 18k satoshi around per LISK during ICO as i have also bought some at that time. However yobit is quite larger than bloombit so they made quite a big amount of money out of lisk tokens pump and they also done it in quite nice pattern with both buying and selling their coins. However bloombit failed to do so and they have placed all of their chunks in 400k price.  ;D

Don't buy any of this tokens as you can get quite cheaper real lisk coins when they lauched on end of april.

Looks like a Futures Market has been created in the crypto space. A dangerous development.

A question:

Can an individual buy a LISK IOU at say 1,000 sats and then sell it at 2,000 sats, making BTC profit without any LISK changing hands?

If yes, then this is a futures contract market and they are manufacturing BTC profit out of thin air!

:D

i wanted to say the same thing but the problem with this idea is that they are putting up "huge" sell walls at a very low price of 0.004 according to the picture and in comparison with yobit.

they are either stupid or have other agenda against LISK.


LISK is NOT released yet. period.

anything that is being bought/sold is just a promise out of thin air.

these exchangers might not even have enough LISK to cover withdrawals by the time of release and when anybody would want to withdraw what they have bought so far.

looks like bloombit is down. ut oh!  ::)

I completely agree, but are they buying these 'future contracts' low and selling them high? If they are then they are making manufacturing BTC profit out of thin air!

Of course they're strange patterns--the whole thing shouldn't even exist.  The coin hasn't even been released yet! 

It never ceases to amaze me what you can get away with doing in Crypto land if you have no morals lol

So anyway I've got a 50mill gbp, I'll let you guys have it for 40mill interested?? I'll need you to give me the money now and i'll sort it all out in a few months honest

Right, the site has been up and down with 1 - 2 hour cycles since 10 hours ago...

Bloombit.net = SCAM! Stay away from it!!!

Maybe they're preparing for "We were hacked" excuse.. just kidding :)

I dont believe there were that many buyers in the first place. Looks like the seller buying his own ious to raise the price

Yes, and that gives them a lot of pricing room to deliberately set up sell walls that are much lower-priced than Yobit's "market" price. I think they're doing it because they want more people to sign up Bloombit so as to "buy Lisk at a discount."

Blooombit looks like a new exchange - it's a very small one, both in volume and in listings - so the most logical answer is that they're holding a kind of 'sale' as a come-on. Since their 'sale' price is way above the ICO price, they benefit in two ways: capital gains and more volume/recognition.

Care to expand on this thought?

90% chance that bloombit is simply trying to steal money from people by putting up sell walls of fake tokens, and will just completely steal the money of anyone who buys and never give them the Lisk.

i dont think that they will not provide Lisk.
In any case, they making a lot of money from the expropriated price that they selling those tokens.

Thats imposible price of lisk why the price still increase yesterday lisk price is 0.012 and now its nearly 0.02 how pathetic..
Im so regret to buy lisk on april 7 if i have some btc i think will even 100 lisk..

Hi.

The main question of this topic is:

Why is it offers of 72 BTCs worth of Lisk with the price of less than %25 of Yobit price keep appearing in the sell orders section of Bloombit? How can it be? Does the site provide these Lisk coins and how many Lisks does Bloombit have (or will have) to provide for the people who are pre-ordering it at the exchange with this low price?  ???

As you can see there's already a lot of doubt regarding this pattern in comments posted in the topic.

I'm trying to withdraw around 0,28 BTC from Bloombit since 14:00 and it's not possible... Everytime you click on confirmation link it goes to first page and ask me to login. After I log in nothing happens it shows that the withdrawal request is not confirmed by mail...

Now I see they deleted the Lisk topic:

https://bitcointalk.org/index.php?topic=1429278.0 (https://bitcointalk.org/index.php?topic=1429278.0)

My friend read your post and got struck with FUD, so he performed a test and withdrew BTCs from that site right now with no problems.

They had a DDOS problem for a while now everything is fixed

I also read this post and got struck with FUD:

https://bitcointalk.org/index.php?topic=1367876.msg14466943#msg14466943 (https://bitcointalk.org/index.php?topic=1367876.msg14466943#msg14466943)

And the withdrawal is still not working unless you copy/paste in your browser the link from the confirmation email. I received finally the BTCs, but the site is very amateurish...

There is NOTHING wrong with an exchange creating a LISK market based on coins they will receive upon launch...as long as they actually deliver those LISK to their users holding the IOU token.  But whether I would actually send funds to a completely unknown exchange like bloombit.net, that is another story!  YObit, on the other hand, looks a bit more established and I might take the chance if I hadn't already participated in the ICO and was dying to buy LISK.

Volume on Bloombit looks fake. Add up all of the volumes on their "Ladder" page.
Doesn't come anywhere close to 720btc

Why would there be such a huge spread in the price between these exchanges? It was about 4X last I checked. I guess you can´t transfer between them and arbitrage?

No.

Since Lisk is not released yet, nobody can't transfer nothing between them.

Everyone of them is selling their own "IOU"s.

Of course. It´s just tokens so far. Which will be exchanged for real coins later I suppose. It´s just a question now of  trading the tokens that each exchange has received.

The only thing correct that we can say is :


There is an high manipulation at the moment buy yobit and Bloombit (what the is Bloombit? I've never heard about it  ;D).

How on earth can this coin be worth 8 dollars? Or token as of yet. It´s supposed to have 100 million coins or more out eventually. Seems like a rather hefty valuation.

Nah... maybe they have bought only 2-3 mln of lisk during the ico, maybe less.

Still, it´s going to be 100 million coins out at some point so the price will eventually adjust to that. Those holding the tokens at 8 dollars should take that into account. Maybe it has the potential to be worth 800 million to a billion dollars, maybe not. It´s pretty hefty.

are they just buying with their own accounts to drive the price up to off load their own Lisk

Or nothing! As other's have said this is a futures market... in crypto no less! It's mostly margin traders playing in the space until the coin is released. When the coin is actually released the price will drop to $2-4 and the exchanges will be able to buy Lisk for cheaper than sold for the miniscule number of longs and they will have made a nice percentage from the prelaunch trading games.

Be glad because it''s free FOMO but don't get excited about the price cos we have another few months before we see these pricing level's post release...

I call BS
https://i.ytimg.com/vi/Vhp9npyrpyA/maxresdefault.jpg

nobody has heard about them before this topic about lisk!
the volumes (according to coinmarketcap.com) are ridiculous. 95.24% LISK and the second coin is 3%(23BTC) the rest is less than 0.01%(0BTC?)

The whole LISK situation is a joke really.  People selling IOUs for an unfungible Crypto is stupid.
Does anyone know if and how they will get the LISK that they owe?  Does anyone care if they can trade out straight away?

Someone is going to end up in a lot of debt carrying worthless ious (IMO)

as far as i know People are not selling anything, at least not on these exchangers. if you check them there is no deposit button enabled.

these websites are just selling air, or some numbers that you see on your screen there is no coins to sell.

there is going to be a lot of unsatisfied users end of April when the coin is released and these tiny exchangers are swarmed with withdrawal requests.

yeah i also notice the download wallet from the official website and i think the wallet is not done yet maybe there's 50% chance that lisk will down and 50 percent all will be ok.

Now that the (probably bot created) consecutive 72 BTC worth Lisk sell orders are over, many 0.004xxxxx BTC Lisk sell orders are created in Bloombit, but surprisingly no trade is happening over there! Only 10 trades have happened in last 7 hours in Bloombit.

Update: The number of trades are increased, but the price is 0.003xxxxx now and doesn't show any tendency to increase!

people like to sell their lisks cheap and cheaper in bloombit  :) :) :)
it`s foolish that all sell orders are lower than 0.046 and those sell orders are in growth
Bloombit is typically fake site

I kind of thinking the same thing! lol

The price discrepancy between the exchanges is kind of strange. The price on one has been up to five times higher on one than the other. It has narrowed now but is still large I think three times or so.

We are talking about IOU lisks so it's normal.... only a 'limited supply' is available for the trading.

Plus, there's no way to arbitrage. The IOUs themselves are not fungible, so there's no way to withdraw or deposit them.

It is true that the pre-launch IOUs cannot be withdrawn or deposited.  But what do you mean they are not fungible?  And I know what fungible means, so I'm not asking you to define it.  I'm asking what you think it means in this context.   

The IOUs are being traded, right? So, they´re fungible at least if that means mutually interchangeable. Maybe I´m misunderstanding something.

they have no blockchain to transport the actual token from one exchange to the other, thats why they are not fungible.
And I also think, they could have serious problems paying out the tokens. Maybe they even sell more, than they have... you never know...
Then it means, that you have a token, that is not fungible to a real LISK later, if the prices rise too much and the exchange defaults...

OK, they´re not transferable except within the exchange.

Exactly, you can only trade with them directly in the platform.

As Rizla2345 said, the pre-launch tokens being traded ARE fungible, they're just not transferable.  And that was my point.  Anyway, the exchanges trading pre-launch LISK will simply enable deposits and withdraws of LISK once it launches.  If they truly have ICO Lisk as they claim, then it will be a perfectly smooth transition for everyone.  Problem is, who really knows...especially with bloombit??   

It would be nice if a reputable exchange that is hungry for new users would do pre-launch trading.  A good candidate would be Bittrex since they're trustworthy but aren't getting a lot of traction.  Another good candidate would be OpenLedger since they're in the process of bootstrapping their decentralized exchange which, incidentally, runs on Bitshares (the inventor of DPoS). 

Sorry, I should have used the word "transferrable." I meant "non-fungible outside of each exchange," in the sense that each exchange's ICO-buy is frozen until Lisk launches. But that explained, "not transferrable" would have been better.

That price pattern is where the dots are being connected. Yobit opened an IOU market and lined up a considerable support to it. Noobs appeared and got thrown into. Alright then. Second ace they got on their hands is the knowledge that lisk will get snapped on launch. They go for it and buy a necessary quantity of lisk and swap it for overpriced IOU they cashed out for btc. Simple route of actions and is perfectly on point with gargantuan volatility of the iou in the daily.

Plausible. But I think it is equally plausible, that a) Yobit actually bought into the ICO (why shouldn't they, if they planned this anyways?) and b) that the volume is created by day traders. I imagine there are a bunch of people out there, playing the old p&d shitcoin game with Lisk IOUs atm. With that, yobit doesn't need to inflate the volume artificially.

a) Could be. And moreover, could be setting a rationale behind sharp downday in IOU. Even though they must have bought a very little of it.
b) I wont mind taking this as the case as bloombit is yobit. Made to be broken from the inception and assist in selling u more ious. The first shit it added after maid was khan, russian ruse available exclusively in print toilet paper edition with ccex logo engraved on it. I mean, seriously, what sort of imbecile should u be to add khan? This bloom bloom fart has been holed up 2 months now staying in the shadows far away from this space, and now out of nowhere, is getting turnover of over 500 btc.

Noobs be plentiful buying swings between yobit and bloombit and it justifies the emergence of bloombit as the greater the spread the more noobs there are and more money comes in.

It was a smart move by both exchanges there making tons.
If they actually have the lisk from the presale to payback what they owe then there fine.
if lisk tanks they can just buy up cheap lisk with all the btc they made and still be fine.
if lisk skyrockets they can just run off with the btc or claim there was a hack.

House always wins.

yobit and bloombit could be run by the same person ?

Update: the third exchange has started selling Lisk IOUs (https://bitshares.openledger.info).

Ironic fact is, people are all selling their lisk IOUs in Bloombit, with a price of 200K satoshis, which is a lot less than they bought it originally from the site (460K satoshi when bloombit started trading Lisk IOUS), and also they chose to sell them much cheaper than Yobit and Openledger!  ;D

only one choice
difinitly bloombit is fake and scam
they are manipulating lisk price to half
you go there and buy lisk but you have to sell to half price because all price are manipulating by site manager

Bloombit is almost an outright scam. They are simply trading their own supply, wildly crossing their fingers and hope they come out on top. They will likely get wrecked at this price level when Lisk goes live over $2

yes indeed as far as there is no proper announcement of lisk release coin we really don't know what is the exact price and these two trading platform only doing some gambling and hope many will play with them.

Just checked Yobit, and its Lisk-IOU is slinking along at ~0.004 on less than 5BTC volume. The punters' excitement is all-but gone.

We need to invest only in real coin waves, edon, eth and other

If they actually don't have the Lisk yet and needed to buy it to replace the IOUs, that would be very interesting, price-wise.
If you would find that out and made it public, yobit's only opions would be to buy Lisk at nearly any price, or take the money and run.

Do you think, when the fixed release date is announced, we will see a price spike on the IOU tokens?

Why would it cause a price spike?

The release date is already (almost) known. End of April or beginning of May.

Mostly because it is going to be widespread news, renewing the focus on Lisk. You know how it is: You say peep, everybody jumps :)

Second, because this is giving a time frame, as to how long the IOU trading will be IOU trading. Actually, the opposite, Lisk IOU price dropping, could happen as well: Since the Lisk IOUs are like any other coin that is traded only on yobit, people might want to get out, either because they want to play it safe, because they viewed the IOUs as just another P&D-shitcoin for the time being and this is coming to an abrupt end, or because they think the predictions which claim that the real lisk price will be under the IOU price are true.

If you look at crypti, you see that the price rose significantly after the ICO ended, which makes sence, since there was a heavily decreased amount on the market, but only in the short term. The future of Crypti is undecided and nearly all possible scenarios point towards a price collapse, once the Crypti held by the Lisk team is set free. If you compare that to the IOU trading on yobit, there might be the same dancing on an active volcano mentality at play.

For some reason i got a bad feeling about like and therefore would avoid them at all cost.
It may seem a legit coin in the future but on short therm I don't see anything backing them up.

We are opening this comment to debate on the motion of Lisk token bit in the chameleon

Any doubt has our emails
chameleonbit@gmail.com
team@chameleonbit.trade
admin@chameleonbit.trade

or pm.

Lisk was BTC0.0008,  has risen to BTC0.001 Raido runs giving time.

our smart contract is available with digital signature and conference on the platform, and registration via blockchain!

IT's Chamelicious!

chameleonbit.trade (http://chameleonbit.trade)

https://i.imgur.com/fDt7uZk.png

Past few days the price has increased big time in yobit (from 300K satoshis to 1.5 million satoshis, and then corrected to 1.2 million), but bloombit price has been around 200K and has not changed much...

I can't figure it out! Why would the price be more than a million in yobit and 200K in some other exchange? Wouldn't the yobit buying guy be wiser to buy lisk at bloombit for much cheaper? I think the only explanation is that people do not trust bloombit and think there's something wrong about it.

So, what do you guys think? Do you think bloombit will let people withdraw their promised lisk soon after it gets launched? Or it does it with a delay? Or it doesn't at all?

Something feels wrong here...  ???

See for yourself:
Yobit: https://yobit.net/en/trade/LISK/BTC
Bloombit: https://www.bloombit.net/trade

1) Bloombit is less trusted than Yobit, in large part because it's a new exchange whose trading was rinky-dinky until it listed its IOU-Lisk.
2) Bloombit's market is pretty damn thin. As I write this, the low ask is 208,000 satoshis but the high bid is 154,451 satoshis.
3) Yobit's repute as a kind of altcoin casino has attracted a lot of traders, pumpers, etc., which seem to be absent from Bloombit's clientele. 
4) Since Yobit's and Bloombit's IOUs are not arbitragable until or unless they're redeemed for real Lisk, the spread between the two exchanges can get even wider until launch.

tl;dr: Bloombit's IOUs are selling at a deep discount relative to Yobit because of perceived counterparty risk. Yobit's IOUs have rock-and-rolled because it has a lot of pumpaholics in its clientele; Bloombit doesn't. So that's why the spread between the two has widened.

Yes, I agree that it's the most probable situation.

For God's sake I hope the worse scenarios won't happen. If they let us withdraw our lisk right after the launch I won't have any complaints.