Bitcoin Forum

Big surprise!
Balances are already filled in BTG at 1BTG for 1BTC ratio.

And BTG is now traded!

https://yobit.io/en/trade/BTG/BTC/?bonus=ytyQF

What a surprise, the hard fork event has not taken place yet that it was present at yobit? I think its price may be higher so i will buy and hold it. Thank you for your information.

you're welcome  ;)
Yes the real hardfork will happen in 22hours http://btcgpu.org
So it's not really fair for yobit members who didn't know they will snapshot their btc balance one day before the hardfork  :-[
but it's a good opportunity for other people...

So if you buy Bitcoin now will they still credit it?

Awsome. I look the trade is good tracking.
It's just little same the price with BTC coin. Although still 0.08 now.
I ensure on the link https://yobit.io/en/trade/BTG/BTC.
I hope it will continue.

This literally makes no sense at all, a coin which isn't even existing exactly at this moment is already on an exchange? The fork is still due in about 21 hours from now so all of the Bitcoin Gold on YoBit must be just available to be freely traded on the exchange itself and cannot be withdrawn if I'm right. (we don't even have a complete list of exchanges supporting it yet)

Still credit bitcoin or bitcoin gold?

There's no way im going to deposit any bitcoins on there to try to get bitcoin gold faster than the rest... I have seen to many things go wrong with exchanges in times like this. I'd rather have the coins later when I access them with my own private keys.

There's no way that any exchange has the coins yet, consider it a scam until the actual hardfork split happens, so watch out or you may lose your coins.

Why is it listed already when the hard fork have not occurred yet?

Seems a scam happening right now.

How can this be possble? I thought the snapshot was in a block that hasnt been mined yet? This is all very fishy and seems like the devs are out to make a quite buck. Be careful everyone dont do anything stupid with your BTC,

I just believe the price will be the same as the bitcoin cash but consider about the bitcoin gold not different with altcoin and i think that the bitcoin gold will worth less than bitcoin cash.
But this looks strange or my personal thought about the bitcoin gold that already traded in the yobit exchange just like IOU token.
Even the real hardfork still not happen. This just make myself was believing about that was fake bitcoin gold.

No its just pre token they are giving to bitcoin holders before actual fork and if I am remembering correctly they have done samething during august fork. They have already disabled both bitcoin and bitcoin gold deposit/withdrawal so that they can claim bitcoin gold during actual fork from user's balances. But I don't prefer to trade in yobit because their support is shit.

Is this true? I thought that after the fork that is when they will give the BTG. And why is that it is already given to someone? The rule last fork when the era of Bitcoin cash or BCC/H. After the fork, that is the only time the BCC were distributed for the hodlers of Bitcoin on some exchanges or wallets. But however, congratulations to the hodlers! :)

They are really, really, really screwed if the fork never happens.
I mean bankruptcy levels of screwed...

Yobit one more time listing a coin that doesnt even exists yet. It was the same thing with the Bitcoin Cash, they list IOU and manipulate the price so they can get it at a high price and when they receive the real BTG, they will sell immediately making a good profit and the rest of members will be able to withdraw and deposit only when fork has finished. I never trusted Yobit and I don't know how they are still operating in the cryptocurrency market until today. Those scammers keep coins that no longer have active blockchain listed to trick unsuspecting people like they did with Esp1.

Oh, cool, have some btc at Yobit, time to dump free BTG :D
On Yobit it was same situation with Bitcoin Cash - it was credited 24 hours before hard fork. So, now Bitcoin Gold trading available before fork will happen. I remember that on one exchange trading of Bitcoin Unlimited was available, which is not existing coin.

They sent tweets with a timer https://twitter.com/YobitExchange/status/922070167294791681 and I have the same (unfortunately small) amount of BTC in my BTG balance now, so I think it's a IOU of the real one but not a fake one...

So they give users who own BTC before the fork a digital credit on their internal ledgers, before the fork has happened?

Those are not actual Bitcoin Gold, just a entry on their internal system? So by the time BTC fork, they will extract the actual

Bitcoin Gold and sell it at a higher price. Is this what is happening...  ??? ::)

perfectly explained yes i also preffer to have my coins in electrum wallet and will access it with my private keys only.
And as per yobit i think its a shitty exchange with lots of broken and scam coins i donot trust them .Donot loose your coin they are  trading it for 1200usd /BTG a little while age and now its 600usd/BTG but then main point is how can you trade something that not even exist?

And its now even trading BTG / BTC in their trading platform....

Its looks like they want to be the first to really accepts a coin that hasn't been mined yet? And they said that} BTC deps/wds will be disabled in 21 hrs." as per twitter accounts.


Exactly. I think they did it with Bitcoin Cash before, so its no surprise that they have did it with Bitcoin Gold today. I don't have any Bitcoin on Yobit though, I would rather put my Bitcoin on a wallet that I have total control of my private keys. Besides this Bitcoin Cash will be dumped so hard in the first day. Not interested.

No they did not done same thing during august fork, that time at the correct time they have credited in their users account but in this bitcoin gold fork they have started trading 2 days before which is not good as this trade is like bogus trade going on, what will happen if the bitcoin gold hardfork is cancelled then what will be the result of this trade in yobit. yobit is really a shit exchange who always do this type of trades which creates bad name for the coin.

In fact BTG is also traded in ETH, WAVES, DOGE, $USD and RUB on the exchange.

I'm now on mobile and can't check Yobit, so, can anybody can confirm that Yobit btc withdrawals still not disabled? If still not, it's very good. We can dump btg on Yobit, withdraw btc to our wallet and receive BTG when fork will happen. Double profit?

This is a very risky move. They will have to hope that the BTG credits that they gave to people would match or be better than

the price BTG are trading after the fork for them to cover the cost of these BTG credits they are giving away before the fork.

The Bitcoin Gold fork might not be successful and they will lose a lot of money this way. {Well it stays within their ledger

system, until BTG can be sold for Fiat and withdrawn from their system}  ::)

I certainly do not understand much. But it seems to me that BTG will not be expensive, it will not even reach the amount that BCC costs. But in any case it's a freebie. So why not take advantage. Good luck to all! ;D 8) ::)

Not possible. Snapshot takes place on a particular block. That block will not be reached until 8pm EST today. What is being traded is futures. Coin doesn't even exist yet!

We do really have the same observation which they did actually do the same trick on bitcoin cash which they are always ahead of time on launching or trading the coin even it doesnt even exist yet.Wondering on who are the ones are making orders on the site.It is actual trader or just a bot? I dont really trust yobit on this kind of situation and in fact i dont know  where they do get those price on each Bitcoin Gold.They are just starting to hype up or making some introduction on the price which isnt really accurate at all.

True, I didn't get my BTG and I have a few BTC stored in there.

I get this message "Wallet status: Delayed (491309 blocks)" so I think BTC withdrawals are disabled(or "delayed") for everyone else.

Many people say through social media, the presence of Bitcoin Gold (BTG) will further increase the prestige of Bitcoin (BTC). Can anyone explain in detail?

how could this happen,
while hard fork has not happened yet but yobit can claim BTG before the time comes,
is this real one? or just sekedr a scam?
seems worth a try for this,
although I personally have little doubt regarding this problem / info.
if there are some ari you guys who have done it please update soon in this thread

Read the thread more carefully please, it's not a scam. You've never traded on Bitfinex?  ???

I was pretty surprised about the bitcoingold exchange on the yobit floor and I got this email a few days ago a few hours ago I watched it on yobit and saw bitcoingold gave the deal and its highest price charged to the present 1 bitcoingold = 0.2 bitcoin I was quite surprised at its initial price when it went to the floor. But the hard fork has not happened yet, and the exchange has been risky for the exchange. I advise everyone now that we should wait for the hard fork to end and decide everything

only 0.07 BTC as of now

This is wrong if the coin has not yet been created, and the exchange is already trading it. It really smells of fraud. What if something happens and it will not be created? it seems to me too much.

Just be careful. It is better to wait for more official news and updates before trading. It may really be a fake bitcoin Gold trading around.

No , he is right...
They are trading something that does not even exist.

They have created tokens for a coin that might not fork for bitcoin or the fork might be delayed to god knows when.
The whole coin project might just fail to even start.
They are basically selling Assussy shares, and if you wonder what assussy shares are, that's the company my nephew will start (I only have a son and he won't have kids in less than a decade).

Yobit have gone beyond shorting, beyond fractional reserves , they are selling possibilities.

I agree, it would be more fair if they provided a real future contract but there is no reason for the fork not to happen

Yes, they will have access to your BTG and if it reaches higher prices than 0.08 BTC, the average price on their exchange, they will make money.
By allowing you to trade they are buying the rights to your BTG from you before you even get it. Totally legal and acceptable. Question is if they will honour the agreements if the fork doesn't happen and allow people to withdraw the coins people got from selling their BTG.

It's just a number. We can neither deposit nor withdraw. Which is not even possible. But they'll trade to manipulate the price even before its existence.

Most exchanges are going to lock deposits and withdrawals before the fork. I had a small amount of BTC on yobit to check out that widely announced BTG token trade, but the prices weren't interesting. It's not worth selling below 0.1BTC I'll wait and see what happens. 0.1+ will surely make me think about selling ;)

And I did get mine. I also tried selling a bit and my BTC account got credited. It works fine on paper, but I won't praise them until they unlock my withdrawals.

I don't think there is any price manipulation because everybody can connect on Yobit and buy and sell BTG (in 6 currencies moreover), so it's the market ie everyone, which does the price...

BTW as you can see BTC is falling on Yobit : -8% 5570$
So it's a good indication for tomorrow...  ::)

Thats really not good on the part of yobit. Things should be done on standard basis and opening trading for BTG ahead of time is not only bad for Yobit but also bad for Bitcoins holders, as the total market price will be very down as most people already started dumping trend at yobit which will set the trend and people on Oct 25,will dump all their BTG.

They might not be the real coins from the fork. What happens if I deposit now? Would yobit add my btc with btg? I smell something fake in this.

Well, good for people that trust yobit. But i sure am never gonna ever invest my money just to get my bitcoingold currency a bit earlier than others. I am willing to wait. i just can't risk my hard earned bitcoins with exchanges. I have already heard enough horrific stories about othrr people's experiencs with exchanges to keep myself from trusting them with my hard earned bitcoins. I may be too paranoid but at least i feel a bit safer than others.

Where can I find the bitgold wallet?
I mean, where do I get the BTG o.o

Beware of YoBit one of the worst exchanges out there! Very unprofessional and scammy with cheap tricks they hold onto user's coins by putting the specific wallet for that coin in maintenance  >:( Only care about their own maximum profits  ::)

"Discussion of cryptocurrencies other than Bitcoin. Note that discussion of how these currencies *relate to* Bitcoin may fit in other categories. "
Admin should delete this last sentence if moderators don't respect it...  :(

Something seems fishy. How can they get btg this early and how can it be this expensive? Someone is profiting heaps here... Credibility of Yobit is down for me.

If you really do not like those alt coins coming up then do not use it ,as simple as that.but one thing i really cannot understand is that how come yobit could start trading this new coin when it is yet to fork,is that team behind this coin,what ever it may be the drama continues and this topic should be in altcoin section.

I held my BTC at YoBit during the exact block that was to be mined by BTG and yet did not receive my BTG. I want an explanation.

People really need to stop just writing what they are thinking and show how little we know. Yes, it has been more than 24 hours traded on Yobit, but it was more like a futures trading. If anything, yobit seems to have made a bit of history by being one of the earliest Bitcoin Cash exchanges. And not Bitcoin Gold. They are even listen on the official BCG website as a partner exchange, so no need to shout scam.

I saw it went as high as 0.2 even on yobit but now is a quarter of that. Almost same price as BCC now.

I really thought it was a joke and then I really checked. Even on coinmarketcap classified as BTG Pre-launch. This is just absolute bullshit. I am not surprised anyway, they are all scammers, both the coin and yobit itself. How can a coin start trading before the fork.

One of the reasons bittrex gave a huge warning on why every users should be careful and why they will not in anyway list it. Good anyway for those who had their funds on yobit, but it just sucks and shows a whole lot of reason why this coin is dead on arrival.

Just a cheap one to be able to get a lot of users, most especially the naïve and gullible ones to their website.

I really do not understand why they will have to do that in the first place before the fork goes official. I have never trusted this exchange and I always avoid it like plague. I just wish people do not end up losing lots of their funds one day.