Bitcoin Forum

What is going on with this coin? If it is a scam then why are people still buying into it? I just noticed the thread for it was locked. I was wondering why there was no discussions on it.

You are not searching enough,there were 4 threads or discussion about ebitz being a scammed ICO,the dev of this coin is paying writers and bloggers to write about their project to scam newbies the scam coin has suceeded in scamming some of us I hope those coming ICO will be revealed by experts here ..

The scamming purpose just appearing at the end of his ICO and totally some people who investing in there wasn't knowing about that and the other people was realizing if the ICO was being familiar with the previous scam ico like OPAIR.

Looks like a lot of the blog was turning into the shady blog. Cointelegraph and coindesk was being a part of them totally full of the scam advertisement just for get some bucks.

I actually bought .5 btc because thought it was legit and there was so much press. It is a tough lesson learned.

Vdice ico is legit though, I wish i would have invested that .5 there, or on the idle TV miner ico. Maybe by some miracle ebitz is legit, but I doubt it, because they never invited me to the slack, and the investment page only credited 2 deposits, as I sent 5 smaller deposits. Hard lesson learned.

ebitz never legit coin and can't miracle is ebitz coin up and buyer ico selling can get receive ebitz coin
ebitz coin is scam and owner/founder ebitz coin run away 100 bitcoin investor
without distribution ebitz coin

I think the system that was set up for the forum kind of lended itself to this. The bounty system leaves a big opening to falsify stories in an effort to solely gain coins from the bounty. There is no real incentive to be truthful since it is all based on word count and praise.

This has led to bulk news which is based on quantity, not quality. And with that, actual fact is drowned out by a chorus of disinformation. A decentralized system is based on trust. So what do you have without the trust?

In truth, it feels like a military/government tactic. If you infiltrate and destroy the system of trust most anything will fall. I'm starting to really question if governments aren't blatantly manipulating the market. It is strange that the forum wouldn't be more regulated.

Or maybe its just the dev sending in money to try and convince others. We cant possibly know whats real in such a blatant scam.

https://i.imgflip.com/1ft2x2.jpg (https://imgflip.com/i/1ft2x2)via Imgflip Meme Generator (https://imgflip.com/memegenerator)

The latest news is Amir Taaki - Genjix is supporting the project. This adds legitimacy,  or think they stole his identity? https://mobile.twitter.com/EbitzMass/status/810600530644992003

I have to say the Ebitz ICO is a strange one. They have not released any information since the end of last month, but the site is still online. There is activity outside of this forum but not much anyone can go on. Plus you got a team(individual?) that had been defending the coin from the start. Usually people would just shrug off accusations if they know they've been caught but they really tried to defend themselves.

Either it is a scam, or this forum is too harsh and jaded to trust anyone that doesn't distribute information daily. In a way I wouldn't blame them if they were legit. Being accused so harshly wouldn't be the warmest of welcomes. I guess we'll just have to see. I'm pretty much 80% sure it is a scam, but that 20% is still holding some hope.

Did you invest?

Yes, very small amount that I won't miss. I am more angry that people can have great ideas and not follow through. To be honest it was the first ico along with ark that I participated in. I hadn't been in the crypto world for about three years and back then an ico didn't exist. All we had was dogecoin, mooncoin, and a whole slew of coins to mine. Simpler times man. Now you have to trust anonymous people with your money and have to rely on them to deliver.

Yeah I first heard about Bitcoin from an article about the Winklevoss brothers. And actually bought like a few hundred at that time, but my bank would not allow the transaction to go through. I didn't mess with it for years and years but then found the gemini exchange recently probably 6 months ago, so I've been investing there, and that seems safe. I did also invest in this company Eth trade, but I wonder how legit it is, because the returns are just too good to be true, so I think I'm going to pull out of there as soon as I can sell my portfolios which is 60 days. I may still invest with them but only leave what I've already earned in that account, so if it does go belly-up, then at least I'll only be losing profit. Yeah, cryptocurrency world is straight-up Cut Throat. There's so many horror stories about hackers, or people running off with their coins. Anyway I've got around 40,000 ebitz now. If it is legit, then how much money do you think that will be worth?

If it actually comes out without any major bugs, I'd say probably at 1/2 to 1/3 of zcashes market value. Also. The rush to dive in if it turns out to be real may raise it close to zcashs price. But this is all speculation on something that might not even exist.

Yeah I basically written  it off as a scam.  The only thing that's renewed my hope is the recent posting by Genjix.  I would think that either someone hacked his account here, he's in on the scam, or it is real. There was just so many red flags, especially with the WordPress website. Anyway time will tell, and best of luck to you.

No shit its a scam. Glad you stayed away and stayed safe.

Hey Ellen, thanks for the kind words. Unfortunately I did invest .5 BTC,  I saw so much press about it, and got excited, and sent it before I really researched it, now though I'll just have to cut my losses and carry on.

Holy moly scam coin! This sucks.

Check out the altcoin section they have at least 3 thread about e-bitz that it is indeed a scam coin those who exposed it has done a great job,when I read it I'm 100% sure that it is a scam coin,just to late to get it exposed.

I think it is one of their tactic ways to deceive other's to buy it. And ebitz was declared as one of the scam coin listed. And I am one of their victim actually as an investor.

I agree. I hope you never invested in this scam and saved your money for a real legit ico.

Nodio will be following Ebitz soon, I doubt with the project and the token hadn't made by the dev since the ANN was starting.

I don't think sane people will buy this scam coin, it may be wasserman uses bitcoin mixer to laundry his scamming coins made from opair and Declouds. Clever people already found the weird point in the project. The scammers will be caught and send them into jail cell.

Seems to moving along quite well at this point. hmmmm

I read from one coin thread that one guy shilling for this and he was blamed when it became scam,I think this is not right if you invest in a coin or you are in their signature campaign,you should not blame them if it turns to scam site,you are just an investors and signature campaigner,
What is wrong is if you continue to promote it even if it is proven scammer.

That sucks man. Dont always believe what you hear in the press. Focus on what you can see and touch yourself.

Are the devs real, do they have escrow, do they have a product ect. People in the press are bought off to print articles for scams all the time.

Im sure you've learned a lesson so at the very least you wont make this mistake again.

I agree with it, Most of them are advertising such a scam project caused by to earn some buck for his wallet. totally sucks press.


But another scam project will come, NODIO will be following it. That sucks are plaguing alt place.

I called this one a scam from the start. Only invest in icos with escrows and release goals.
Only! Nothing else.

Yes, how disappointing.  The worst part is holding on to hope that it's real. Oh well let's move on. My latest investment is in potcoin, and vdice. Keeping my head up staying positive.

Just to let everyone know there has been an update on their announcement page stating the ico is over and that they are going ahead with their "goals". Not sure what to think of it but it is interesting to see them updating.

My question is what does it mean if it is actually going to be released and they only collected almost 300btc out of the 800 they were asking for?

That's already planted by the scammer, offering such project without using the escrow and run his investor's money.


Vsl has done better, they got a pump like what was happening with Round in the past time.

Yes I saw that, hopefully it will be worth more than the opair coin https://www.cryptocompare.com/coins/xpo/overview
If it's ever released

My question and when is it going to be released?  :o

I think people are buying them because it has potential and have a great future with it .and some people buy it because they want to convert it into bitcoins in the near future.

Your crazy and nobody is buying them except the dev himself. Everyone knows this is a 100% proven scam.

You are very late on this one,you should do a research ,there were at least 3 dedicated threads on this about ebitz as a scam coin,there's no use to defend it it will only hurt early investors,for saying this is till a good site to invest and people might fall on this one also..

hes probably part of the scam himself.

https://www.ebitz.org/

Is dead or down....

It is scam + dead + down. The complete sentence about ebitz totally die.

This is a good example of a successful scam that every traders and investors need to study on how they did it,be wary of bought account,and newbie account,always look for a reputable escrow and check if their tos guaranty of a refund and continuation of the project.

People need to do investigation due diligence, many investors trust the hype like anonymous feature, smart contract and so forth, to invest in non-escrow ico, it will be 100% scammed, expensive lesson for being scammed.

They even make a signature campaign which are run by reliable members. Well, that is why most of the people trust ebitz and invest a lot of money in this scam project. There were more than 50 people joining the campaign and it was the disaster because they spread ebitz all over this forum.
This is a big lesson to all of us. Never invest in any project which does not have escrow

Crypto world - it's a great place for scammers who do not reveal his identity under the cover of anonymity. The only way to not be deceived, it is to invest only in projects with trusted people from bitcointalk.