Bitcoin Forum

WTF?? Have you heard all of the coins that SEVERELY CRASHED this morning on YOBIT??? WTF A friend lost 0.72 btc and there are massive complaints of major losses with LIZA, LAMBO, LIMBO AND LIZUN. Major complaints about LIZA. Devastating losses for some. I have a friend that was left completely devastated.

Does anyone have the inside scoop as to what could have happened???

I have no idea about lost founds, but I also heard that such cases happen in the mass number. Everything I can say is that YoBit support sucks and  you may not even try to find out replies there.

I couldn't find these coins in CoinMarketCap so I'm going to assume that the trading volume is low and they are not listed in any other exchanges. It's very likely that Yobit accumulated a great amount of these coins from fees over the the last few weeks/months and decided to dump everything as let's face it, these coins has no value and are almost not heard of.

Yobit very suspicious and unreliable exchange. Transactions are often lost, transfers do not reach the address, and hangs constantly

Why would anyone even put money into those coins? If you want to do any trading at all (and wake up not being totally broke), at least put your money in legit projects.

I also heard many complaints about this exchange. It's been around for a long time, but I haven't heard any positive feedback about it. I have an account there but I haven't used it for a long time. The cryptocurrency market requires a very careful attitude. You need to use only exchanges with an impeccable reputation but even this is not a 100% guarantee.

mostly some traders would avoid exchanges such as yobit, because most of the coins traded there has no value. i don't think this is new to me, and yes i've heard about the complaints for a while now, but this had happened also long ago, the same complaints and the same response as always, so let us just face it. if you want to secure your investment then you should put it into some coins instead.

I believe the people who invest in shitcoins are not trading but gambling in the hope to get massive profits form these shitcoins.
Yobit consists of many shitcoins which are never heard of and are not listed in coinmarketcap. These coins do not have any website or whitepaper and are simply junk coins created by some random people. Why would a trader even want to invest in such coin when there are so many better and potential coins out there in the market. Investing in such coins is totally risky and the chances of losing the money is invested is certainly high. This has what happened now.

Panic sell, prices went down x90, but what's the problem? It's a market.
A month later everybody on yobit uses its instrument - LIZA, holds it, can make money by selling, but no - they hold it again and again, without any try to take profit. when the price will fall next time we'll see hundreds of "yobit is a scam, bad support, stolen money...". Byu low, sell high and don't try to find who is guilty

I read somewhere that CEO Yobit has problems with the law, so I would take all the funds out of there. Even if it turns out to be a lie, I think the risk is too big

I feel it's very normal when anyone lost their money on Yobit because of missing deposit or something others cause Yobit exchange is the worst exchange ever with so many issues need to be solved. Beside there is one more reason make yobit become the worst exchange ever is that so many cryptocurrencies deposit and withdrawal are being suspended so Yobit is being called as the tomb of cryptocurrency ::)

There are people who don't have problems with yobit but most does have with these coins that aren't popular.

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There's also negligence to the investors that are getting carried away on their chat box that they will become rich if they buy those shilled coins like liza,limbo,lizun,etc.

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Those coins are obvious scams.

dont ever buy shitcoins if their trading volume is low then you should expect huge spread on the buy/sell orders coins like these are easily get dumped,pumped it isnt yobit fault for your loss its your fault. also you should stay away from yobit.