Bitcoin Forum

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

IEO is the new trend now when it comes to investing and you really need to be fast and alert if you dont like to miss out the train. You missed then you'll surely lose some money.

by being fast means you should be the first to dump what you have got because if not, you'd be holding a worthless coin. lucky if you got the project where the developers are seriously developing the project. unfortunately i don't find much serious projects that are listed  in yobit and not listed somewhere else.

Yobit? with that shitty exchange? I wont put up a single penny on it.They do have shady issues in the past which until now they haven't still resolve yet.They might
launch their IEO and as far as i know they succeeded and accumulate thousands of BTC which is pretty questionable sale for such shady site.

I agree with you about Yobit.
There is too much appeal to them, especially when they are concerned about withdrawing problem. I give my support to IEO, but only to high trusted exchanges. Many scam projects, now they can use more "secure" way to take money from the investors.

Even if you managed to invest, it's more likely that you end up losing than to actually make profit, and this applies to all exchanges that participate in this IEO hype. Also, you can't lose any money if you don't invest in the first place.

The problem these exchanges don't want to solve is how bots in a matter of seconds empty the whole pool of tokens, and it wouldn't surprise me if most of these bots are operated by the exchanges themselves.

Everything around this hype stinks.

Right, and often the exchange is in the best position to run the fastest bots and get in on their own "non-token" IEO before everyone. They may still allow some profits for regulars, as long as they secure some for them first. The people who are late or think there is another pump inbound (when things dump instead) are the ones who give away they money. It's an exchange doing some good marketing - Yobit has actually been around for a while now (this is not to say they can't scam - just like any company one must do their own research). I use them for some well-known-coin trading albeit with small amounts of BTC. I keep missing their IEOs though..

Every recent IEO that I know of sold out in a matter of seconds. That's impossible if you're human, so yeah all of them were bought by bots, or maybe it's the exchange itself that buy it early and then sold later when the trade opens.


It's just the way they make money, and sadly lots of people are trying to ride on this train to get profits from retail investors.

But I believe Yobit is some what fine when compare with the other IEO listing exchanges. They are not using the profited money with the users or crypto community. I have heard Yobit made around 1000 bitcoins last few IEO projects.
Now they have launched the signature campaign for the bitcointalk community and twitted also about it. When compare with the Binance and Bitrex these people doing good for the bitcointalk users. All the best Yobit team.

All the traders well know IEO tokens needs to be sell at the day of listing itself. No more doubt about that.

They are conducting IEO for coins that do not exist - it's not a project. They make a paid "SHROOM" let's say, and that's it, new coin added. It's to generate profit for those who get in early - a kind of gambling game. It can be profitable or very taxing. I guess nothing wrong with that and up to each use to play their part or avoid it.

Apparently, these people want to follow the trend in which they think can get them a quick rich. And sadly somehow, depend the legitimacy of the project in the IEO, no matter how shit the token it appears.

They definitely trust the certain platform more than on the token they're buying and yes whoever started this stuff is pure genius.

So... basically, it's a pure scam.

Holy shit. What the hell does this have to do with Bitcoin or cryptocurrency? It's pure gambling, and it just comes down to hoping that there's an even bigger loser out there who's going to be left holding your sack of dogshit.

A sack of dogshit, that, according to you does not even exist. i.e is not even withdrawable/existing on a blockchain level?.

You must be kidding.. You think Yobit is going to donate this money to a charity? LMAO.

Yobit must be rubbing their hands with glee, now that they've found a new way to make so much money off suckers. God damn.

Yeah, thanks yobit for ripping off unaware investors/speculators in your pump and dump schemes! We appreciate you doing so much for the community! - You're out of your mind..?

Yup you are right they are doing business with that, I used the word project for the IEO which comes with the backend project which can operate without the crowdfunding. For example you could take BTT.
It is kind of gambling it is all about the people who still have thought to invest and gamble with it.


I know well about they are going to donate to the forum or something but finally people are getting benefited by giving promotion over the forum. Whether they do charity or not. I am not aware, you check and share it anywhere.

Haha, I am not sure whether you are out of mind or what. Funny!!!

Even I do advertise their Exchange but when it comes to IEO im not really into it yet we arent seeing this only on Yobit but also on other popular exchange and it turns out that
making money or profits is way been to easy this way on their part.

The security is there but profitability is only for those who had purchased earlier and the exchange itself.

all ico have risk i think all yobit ico already Succeeded ; why?
this ico of yobit It is a good type
because they announced before there will be buy wall at some price for example:
47 btc at 0.00000101
47 btc at 0.00000102
47 btc at 0.00000103
47 btc at 0.00000104
47 btc at 0.00000105
47 btc at 0.00000106
47 btc at 0.00000107
47 btc at 0.00000108
47 btc at 0.00000109
47 btc at 0.00000110
and you are free if you want sell at any time , price after trade It was more than price ico , yobit give daily profit investbox too
every ico or coins have risk of crash prices , all coin of all exchange sites of internet Did not hold its value
or it already falled by 1000 percent at least
Because it is nature of crypto and markets

Does this mean one "cannot lose money"? If yobit is placing buy walls for the same amount raised? I know that cannot be the case.. but ???

you can lose if you hold it for a long time because investbox give daily profit .. this is like Compound interest ... you can make profit too for sure especially with pumps yobit:
- Buying all orders for 57.99 btc in 1-2 hours after trade start (random time) for current IEO/ICO
- Buying all orders for 57.99 btc in 1-2 hours after trade start for previous IEO/ICO (MOON)
now pump end

All the IEO's are gamble except the bittrex one. You will lose money there but I heard last yobit IEO were profitable.Yobit IEO is next level gambling. They didn't provide any information about what the project about. Some pump & dump group can easily manipulate the price. I think they are hurting their own reputation by doing this.

Though You can't expect better than this from YOBIT exchange. But they should really stop behaving like scammers. I wonder how many people will lose their money on this IEO's. I would avoid everyone doesn't fall for this. Though I am thinking to join with a very small amount, in the end, it's yobit 1000x is possible too!

No Bittrex IEO has been profitable for people who invested after the fund raising stage.

Yobit hurting their reputation? Even if they tried hard, they would fail because Yobit has consistently been one of the most shitty exchanges in the crypto space, but they are still up and running. In other words, as long as people are demanding from Yobit to financially rape them, Yobit will continue doing well.  ::)

Lol. You want them to stop behaving like scammers, but you are actually the main reason they continue doing this, because of how you are thinking to join with a very small amount. Smh.

Even better, him promoting the service in his signature is probably one of the main reasons they still have new customers to squeeze empty.. I don't understand how he doesn't fathom that.

Am i understanding you correctly that you say that you can make up your losses by "investing" in the "InvestBox", or not?

That wave of crazy IEOs remind me about the period in which Ethereum network congested with Crypto Kitty and several big ICOs on the ETH platform in 2017. The network congested and transactions need weeks to finish confirmations. I agreed with you that human can not successful join those lightning speed IEOs. There are likely shady things behind those IEOs.

In general, let's all agree that Crypto is one huge gamble now. Yes, we can argue BTC/ETH have long term potential, but that's about it..

"Join with small amount" - that's how these things seem to work. If 1000 people put $10 each, some will 1.5x those $10 and some will lost 50% (I think thats the right calculation, not too sure). Problem is that information is not perfectly shared - Yobit has first mover advantage every time to buy coins themselves, or sell non-existing coins if they wanted too, who can prove the max token supply they state is real? It's all considerations if you're going to try the yobit IEO "get in/get out" gamble.

I'm going to pass on this even if it could be a fast cash. Yobit has a very ugly image in the crypto space and now I realize why I saw that they posted a new bounty so people could check their IEO offer. But I think the accurate name for them is an SEO that stands for Shitcoin Exchange Offering.

To be honest - 99% of what has been released into this space since 2015 have been cash-grabbing "projects" aka shitcoins. Some have a *little* merit and may try harder to show they "could do something" or are businesses that just launched the token to fundraise (see KIN token..). Yes, Yobit has non-tokens which are used in their gambling game IEO's - and that's what this campaign is advertising.

The term ICO was so much misused that people , no one wanted to invest in ICO again. But then Binance evolved the concept of IEO and did few very successful IEO. I hope Yobit will also conduct IEO which are good for the community and not just pump/dump coins.

And coming up next: the STO.. But no one is blind - people just give in to greed and think that they will outsmart the rest. Binance seems to pick "better-than-the-rest" tokens in their offerings at least.

Where people make profits there are people losing on it. Win win on both sides isnt possible.
Sure the biggest winner in this all is YoBit.

I somehow overlooked his Yobit signature.

You are absolutely right, this dude in his very post states that they should stop behaving like scammers, yet he actually promotos the exchange with a flashy signature ad. It's like; I don't care if people get scammed as long as I get the payment from the campaign I consider to be a scam. This makes him a hypocrite and actually very shady.

But if Yobit has buy walls for the full IEO amount, anyone can sell at the initial price as the lowest price? Meaning there's a cap on losses? I don't think that's right because I've seen some of their tokens go below the start price - but what am I missing..

I would consider to put up money either on Binance or any other top exchangers but not with Yobit even though tendency or chances of manipulation is still there no matter how
reputable the site would be. So much IEO hype as of today and sooner or later this would still end up just like what ICO did and we would see another type of crowd funding with another style once again.

Who participated in their latest one? PLUTO I think it was..?

It's a pure speculative game.

There isn't even a blockchain on which the coins can be transacted on, which makes it even worse since there is always a risk with Yobit being capable of manipulate balances if they wanted to (essentially making it centralised).

Is it any different to a lot of present day initial offerings given that their underlying ideas are completely worthless? Probably not. But this is taking it to a new level, where the exchange itself is hosting rounds of speculative bubbles and can theoretically intervene and do insider trading whenever they want.

I personally wouldn't take part, especially with large sums of money given that they could screw you over and there'd be no public records or ledger to refer to (since there is no blockchain or actual token on that blockchain), and the manipulation. But you could see it somewhat as gambling I guess with low sums.

I have not tried any IEO even on reputable exchanges like Binance. I see them as a recycled ICO to scam people of their money. I rather stay away from it especially if it is run by a shady exchange like Yobit.

I find it also very difficult to find a good project that are listed in yobit this days.  I have been receiving messages from yobit in my mailbox about new IEO and I find it very difficult to study those projects and invest accordingly as I don't have money to be wasted.  It is very risky to invest into IEO because the smartest guys that has been in this game are going to use you to increase their purse.  I have decided to only invest in  projects that has good products and services behind them.

Good projects and Yobit don't go together very well, so stop looking for them. Yobit is a dump exchange--if every other exchange you wanted to be listed on rejected you, there is always Yobit that you can access after payment.

Also, is there really a point in 'studying' projects? None of them has been easy to access at its initial sale stage, where after the actual listing on the exchange the prices keep tanking hard like there is no tomorrow.

People's plan with IEOs is only getting into the initial sale stage and to dump directly when the pairs go live for trading. No one in his right mind would actually consider holding this rubbish for the long term. It's a guaranteed way to lose money.

I do not trust Yobit site and therefore the IEO started on the Yobit can turn out be another pump dump game. You should avoid it unless you want to risk your funds.



IEO was first sarted by Binance and the first token BTT was a hit. It even gave good returns to people who buy it from the exchange after the token was listed, Maybe the reason was that it was extermely cheap and Justin Sun had created a lot of hype for it too. Apart of that most of the tokens give more than 2x on the exchanges including Kucoin, Binance, bitrex etc.  Although currently participating in IEO is safe, as you are almost sure to make minimum 2x from it, but which the passage of time, many scam IEO will also come in the market.

BTT isn't a total shit token.

It has the potential to be huge with how BitTorrent could allow hundreds of millions of users to tap into the utility of that token. If they work this out well enough, I am quite certain that early birds will be generously rewarded for their confidence in the token. It's the first token with mass appeal, and it could be integrated in other Torrent clients too.

Every IEO that came after BTT is garbage. There is no nice thing to say about them. Most are pure scams, where some are nothing but an idea the people behind the projects allow you to buy into.

Since no one's said it, I'll say it. This Yobit IEO is exactly like their ICO in the past.

It's only a change of name, but the model's exactly the same. It's just a fanciful way of running a game of crash. You issue tokens, put up walls to support certain prices in certain days. People wait and let the price go up and try not to dump too soon. Every single ICO run by Yobit in the past continues to trade now below the listing price. Well, well below.

So in summary, this is NOT an IEO the way other exchanges claim (it's not a vetted project at all, hasn't gone through assessments and due diligence). It's just a game.

To update an old phrase for indulging in poor risk/reward gambling (binary options, anyone?) it's akin to picking up dimes from in front of a steamroller, only in this case the steamroller's driven by a psychopath and the dimes are counterfeit.

This exchange does not cause me to trust, so I would not participate in their IEO. even on reputable exchanges such as Binance. I see them as a reworked ICO, still better to invest their money on more reliable and reputable exchanges.

IEO's are emerging fastly and not only yobit but I can see a lot more IEO's in the markets. I tried catching some on bitforrex but as per you say, I did not exit the market as soon as I have profit. Instead I am trying to stay into those markets as long as possible because I got to see some potential in them. IEO's also offer some good bonuses which is appreciable and profitable in terms of investing higher amounts.

I prefer investing $50-$100 into such IEO's so that the future would gain more importance to the amount we invested. I keep on getting emails from yobit about the start of their IEO sale but it didn't took it that seriously because I was been busy investing into other IEO's but would surely like to have a glance at it.

What do you expect? If there is a contest on what exchange that does have a tons of shitcoin then Yobit would be the official winner. And why do people still use that garbage exchange? It is  2019 everybody and there are a lot better and new exchange out there. There is a huge hype in IEO so any exchange should be expected to take advantage of it.

There are a lot of peoples think similar to you. I don't really know why most of the peoples do not trust the Yobit exchange but for me, I am with them since years and never had any issue. Also I have been investing into their investment box where the profits seems genuine and stable. For me, their IEO is something which would attract more users to go through their exchange.

Yobit might be having some drawbacks but untill now I have never faced any of them so I have to keep trusting them and try investing into those IEO's launched by yobit. Anytime irecieve mail from yobit, I throughly go through them to really keep myself close towards what is happening in the current markets.

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that.

The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable.

Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.

It would really be just like a gamble but people are now being dragged down by IEO hype without even realizing the possible risk of losing money and getting in seems really impossible due to queue of people
who do tend to join up.

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

People seem to choose the exchanges (e.g. Yobit, Cryptopia, Livecoin, etc) that matches their IQ. Not really a surprise at the end of the day.

I have a (not so smart) buddy of mine who tried to participate in an IEO on almost every trash exchange possible, and didn't manage to enter even once. You could say that he at least didn't lose anything by not participating, but the risk here is that the exchange can lock your account and force you to verify yourself. They'll annoy you with silly questions until you drop your case and accept your loss.

Here I agree, but even large exchanges like Bitrex can play with the users' funds, asking them for additional information, thereby trying to block your funds under any pretext.

I've heard about this, I haven't invested yet, still in the planning stage.
The competition is really huge, maybe because these coins are meant to pump?
I am searching for the statistics of this site particular on their IEO offering and I want to know if it's profitable in overall.
I also heard some projects in Binance IEO are not profitable to investors, like https://coinmarketcap.com/currencies/fetch/

Its not 100% guaranteed that you wont be fucked up even on most big and famous exchangers and this do excludes bittrex or even on BInance possibly.

They do really have the right on asking KYC thing but this is on different matter.We do mostly talk on not being paid out when it comes to our withdrawals and other transaction
related things which do mostly happen on these small and shady exchange.

IEO are more legal than ICO, as some legal documents and KYC are needed to arrange it, but the price after IEO can decrease forever, and the investment will be unprofitable. Researches has to take place, choosing the right IEO and exchange to invest.

Yobit is so good in doing this, in fact, they have been doing this in the past with ICO's that choose to do their crowd sales using their platform and they are also good at pumping dead coins, better be very careful they are employing a bot to make sure that they are going to make a huge profit.

I'm also not sure about yobit, I think many people are doubtful about yobits. they have a bad reputation.
but everyone has a different judgment and I support it.

I don't like yobit aswell. They have a very bad reputation not only here in the forum but in other sites too. Too many scam coins and I think they are listing all coins just to make profit from it.

I heard that name a year ago(yobit) but that name was very common here in the service section it has a ton of customer complaint. So why should I use them? There are gambling site and exchange sites that better than them or if you're not then you wanted to be a next victim of them. In that case, I never tried to invest nor to visit their sites and one thing that comes up in my mind is to stay away from them.

This is the new trend on yobit and day by day we can witness a new IEO there. I have tried several times to participate in any of IEO but mostly peoples rushed and they grabbed the cream. We can see huge transactions there during IEO period also they put some good plans in the investbox as well. We should be careful in participating in IEO, may be we can lost all and may be we gain more then expectations.

Well, actually this issue can't be clearly defined as a scam. They just took our rights to withdraw your funds. It's probably part of their decision to keep their exchange volume. Yobit always does this kind of weird things, unfortunately we never be able to take them down and calling them scammers. What we can do is to only stop using their exchanges so we can avoid any loss or disappointment.

Removing user rights to withdraw their funds is an outright scam for me. How can exchange not allow their users to withdraw their funds? But well they can do it because people accept that they can do whatever they wanted though.

Yobit is definitely one of the shadiest exchange that I know but many people still use them because they can still make a few bucks here. Only if they suffer a great loss or if Yobit ran away, they'll learn their lesson.

Bittrex knows what that means for sure. They have a history of dealing with users in a not so friendly manner.

It's not possible anymore to withdraw a single satoshi without verification from Bittrex. The scummy part here is that while they don't allow you to withdraw funds, they do allow you to deposit funds, which is pretty much a noob trap. They pass it off as convenience for the users, but the reality is that they just aim to have people deposit funds and then leave for ever because they don't want to KYC/AML verify themselves.

You are right and I agree with you, every dishonest action must be a scam. But still, a lot people would not agree with that because they define a scam differently (few people won't say scam until they experienced loss). That's my point!

Now they've got a Bitcoin Fork thing going on. 1:1 for all your BTC balances. Obviously they want as many people to deposit BTC (as with their IEOs).

Could YoBit be planning to exit-scam?

I would say 80% Chance and it is really very an obvious thing.Who the hell would deposit tons of BTC for that shady fork? 1:1? Whats the name of that forked coin?

They are becoming too greedy or just simply doing their last step before they do exit out.

Yes, I don't like yobit always spaming my email, notify me for joining them IEO.
Look like they use old marketing strategy to selling them product.

I've received a lot of IEO invite to invest but no even if the project is good and there is profit to be made because we all know of the bot they are using which according to some people are predictable, I'll still won't go for them, the complaints are so many that I might eventually become one if I participate.

When it regards to IEO it doesn't talk mostly on the price but on how you would able to participate.Knowing that even getting inside into the sale itself
would already be a struggle for a possible small investor yet there are already lots who are queuing for the spot.

Actually I feel what you felt. I regret because I have made an account there and I used the main email so as it always distrub me. Maybe it will be dangerous if the people who accept the email that hasn't known the reputation of yobit till he believes that the project will give him profit and he try to take a part with it.

reputation of yobit ?  I dont think that yobit is reputable enough  . yes yobit have existed for year or two but i still see alot of complain from this exchange . if ever you disturbed about their marketing campaign then you should marked them as spam  .   when it comes to their ieo i think its okay to join them because yobit is still operating  and that means that you can still recieve your payout .