Bitcoin Forum

Although i'm very new on the forum but based on what i have learnt on the forum, exchange signature campaign can bring about some possibility of a growing bubble in crypto market. Haven seen this signature campaign(yobit.net) running on the forum with higher rank member be involved, draw my attention to the upcoming bubbles, if this can bring about it. If this can bring about a bubble then why can't we all join the campaign to make things work as fast as possible?.
There has been some argument between participants and none-participant about the legitimacy of this yobit.net signature campaign. Just want to hear your opinion on this.

If this's not the right place, kindly re-direct thanks.

How does just a signature campaign from one exchange that isn't even that popular with so many shady activities in the past lead to a crypto bubble situation? Mind explaining more?

It isn't the first time Yobit has had a signature a campaign in this forum and I don't see it affecting the crypto market in any way. They are just making an aggressive campaign in the hope of promoting their upcoming IEO which they are trying to make successful. AFAIK, they have tried to do an ICO in the past but i think it really didn't get the hype they wanted.

Are you promoting Yobit it been a long time that yobit is totally dead here on the forum because of many issue about their withdrawal even in signature campaign withdrawal.
And it is a well known a place where shitcoin gaining fake volumes and stuck in withdrawal.

I don't even trust their service until now due to slow support and lots of scam coins.

Look at the yobit account here https://bitcointalk.org/index.php?action=profile;u=406594
He receive lots of negative trust here on the forum how can we trust yobit?
Like the above said yobit is nothing to do with the market bubble.

Well, I can vouch for the campaign being legit and they're paying every few hours to accounts. Not sure what bubble you're talking about. I'm participating (first campaign) as a learning experiment. I have no interest in trading for shitcoins and no idea of yobits history. What's best is there's no AML KYC attached to the bitcoin they issue.

So you are spamming wearing with yobit signature.  and what do you mean by learning experiment here on the forum or learning experiment to spam here on the forum?
Look your rank position is Sr. Member and you are not new here unless if you bought the account while you are newbie.

You don't have experience as mine as what I experience from yobit I have lots of altcoin that until now there's no way to withdraw and transfer to other wallet. It means all of them are stuck like Paccoin I have millions of this coin but I can't withdraw and I can't even receive a response from their support.

I'm sure yobit is trying to find more spammer to promote their exchange site again because we are in bull market so that more people will fall in their exchange site.

Why yobit just started again to promote their business again? Because they know bull market is coming...

Thanks for the thoughts,
Experiment meaning: I had never considered running a campaign and don't really need the money. I joined because it crossed my path at the right time and decided just to give something new a try and hopefully learn something new.
I'm not into spamming for profit. For now it's given me incentive to post better quality materials.
I'm unaware of the problems of withdrawing in yobit.  I'll check it out.
Thanks for bringing to my attention that this company has a poor track record.  As I get to learn more about this, that will certainly be a large consideration and I may even leave or change campaigns based on my morals.
For now I'm having my first campaign experience, thanks for educating.

If yobit.net did not have a suspect past, here is what I would say:

An exchange running a signature campaign is an indicator they believe trading volume levels will increase, and are trying to increase their customer base prior to a new serge in trading volume. Increased trading volumes will generally be synonymous with higher prices, or increasing prices. A reputable exchange will often have good reasons to know one way or another if trading volumes will increase, such as on-boarding large new customers. 

yobit does not have a very strong history. In the past, they have run what I can only describe as a "pump and dump" scheme that violates US securities laws, and have done other shady dealings. It is not known where yobit is operated out of, but there is evidence it is run out of Russia. It is possible they are wanting to get more people to participate in some kind of pump and dump scam, or some other abusive scam.

I don't get it what made you think that. Why and how will Yobit exchange be capable of inserting a "bubble" into the crypto market? It is their choice to give higher ranks a chance to see if higher rank members could give them better exposure with least spam the way low rank members did (at least this is what comes to my mind). Yobit could give good profits through IEOs but I don't think they can easily create a bubble in the market as they have gained 1000 BTC in an IEO but that comes to nothing compared to exchanges which have billions of dollars worth of BTC with them. If we talk about a bubble, Bitmex looks like the one to create an impact if they would want to present a show in front of us.

i don't see any relationship between signature campaigns and bubbles even if it is a campaign advertising an exchange, specially not Yobit because they are so insignificant in the whole market because of their shadiness and lack of "real" volume. besides all the money they are giving to newbies spamming, they will take back most of it with their fake pumps and when they fool them into investing in them.

Since OP is virtually a newer member of this forum, they may not understand the Yobit issue. Except something drastically good happened to turn around the bad reputation Yobit has built for itself both here and out there, the stench will continue to trail its path. Believe me, it's not a pretty sight to behold. Where do we even begin from? Is it from its reputation as an exchange for shitcoins or what?

I bet it that many posters wearing the Yobit tag know all these but are only interested in the payment they get from shitposting and spamming the forum.

Bubble? Definitely yes. Yobit has actually somehow indirectly started a bubble in forum There are dozens of topics about Yobit, and there are hundreds (or thousands) of posts about Yobit in Meta board, within last two days. It is a pay-per-post Bubble.

Yobit could have done this easily if they have trade volume because higher volume in trading can push the price upward which can be a good opportunity for the general market to soar high. Yobit not haven the required ability seem not reliable of the bubble. Also, there past records will not allow that to happen because they are yet to address the public against some of these accusations from forum members.

you have said exactly what was on my mind :D
what I'm seeing is a bubble of spam/low quality posts advertising yobit exchange
in terms of price bubble, yobit doesn't have big enough trade volume to affect bitcoin market
and the fact that they trade almost all cryptos doesn't make yobit as a market influencer/mover

Because they have a limited budget and most likely higher ranked user create constructive posts. We had a similar signature campaign in 2015 and at that time the bull market was just started.

Oh, I don't see this topic soon. I have tried to request a withdrawal in yobit. I hope I can see a little money in my wallet. I will update this thing.
update: I received my money. Maybe this campaign is legit with me.

I am not sure I understand what you are trying to say.

If an exchange thinks overall trading volume is going to increase in the near future, they will want to increase their customer base among existing crypto holders and traders.

I think the reason behind Yobit advertisement again on this forum to increase the customers to invest on IEOs which can bring lot of profits to them than traders and also they made 100+BTC recently from IEO so they are concentrating more on that.

The most legit signature signature I have ever participated in for btc payments with only a 3-4 hour lag directly into our account, nothing as sweet as this when other bounty not paying enough for months

I was out 2 years from posting costantly to the forum, but now I decided to come back and use the yobit signature. But surely it won't start any bubble. There are a lot of signature out there, I've even found some that pay more, but are a bit more complex than this one by yobit.

For me Yobit is synonymous with fraud. I had problems with this exchange several times, including with the withdrawal of funds. Their support does not answer questions about problems and sometimes even blocks traders ' accounts, including cash. Therefore, I will not pay attention to any of their initiatives and their advertising.

How does the yobit sig campaign have anything to do with the crypto market as a whole?

I think that you have so many misconceptions probably about crypto in general that it'll be difficult to even start explaining. But let me make this a easy to understand for you as possible - there is absolutely no correlation between marketing done on a forum by an individual company, which is shady as hell in itself, and the direction of the entire bitcoin market.

The only correlation between this relaunch of the campaign that I can draw would be potentially the level of spam on the forum, given their history of not moderating their participants for quality. But there is none of the wider implications you speak of.