Bitcoin Forum

The posts are being deleted on the XBS PAGE according to convenience. SO PLEASE BEWARE!

DO REFER THIS VERY INFORMATIVE LINK:-

https://bitcointalk.org/index.php?topic=921160.0

No answers to this questions and still deleting posts......


Why not use www.utokendealers.com then? Its way way better than this scam XBS scheme!

Who is the investor you are mentioning about in africa? Where are you located? Who are you?

How do we trust you with all our coins, Why should we use your platform? Do you have the platform insured? If yes then for how many dollars and through whom?
Can we see the documentation of your registered company?

Is this entrepreneur who has interest in the platform a Terror outfit or a Diamond smuggler? What if he turns out to be one who just wants to smuggle money to spread terror in the war torn NIGERIA?

How do we trust him or you in any matter relevant with security of our investments or the trading platform?

Show us details ? I bet you never thought about all this reciprocations?

Either you are a scam- that is 99% you are !!!

Or your project will run into DEEP DEEP shit!

Forum again locked and my messages deleted.

pretty much, yeah.

well i see two things happening by the first week of april...

1 - the price will go from 15k sats now back down to ICO of 5k *(or less) and they have got away with another scam of BTC from ppl and a load of BS.

2 - whoever is holding/accumulating will pump this coin on that major april news and it will fly but only for 'so long' until they all dump and people are left bagholding (see #1)

so shit will hit the fan either way for ppl.

There wasn't an ICO for Bitstake.

See latest collection of exposing information about this dreadful scammer here:

https://bitcointalk.org/index.php?topic=1041206 (https://bitcointalk.org/index.php?topic=1041206)

You guys lost money again? 

  * Never buy at the top. 

  * When you got in right, always be ready to sell for a profit even if it continues going up.

  * When a trade goes against you, be prepared to sell and take a small loss.

  * And remember, these are Pump and Dumps.  These coins have no real value.  Its price is derived from the
     laws of supply and demand.

  * Bottom line, this is trading, not investing.  You are bound to lose money from time to time.

It would be less offensive if the Bitstake dev wasn't going around hawking their bogus platform to the media, it ends up making crypto look bad as a whole.

Yes. The guy is clearly creating a lot of interest and (along with people like DrMikeHashTag) pulling a lot of newbs into the trap. Even after yesterday's further revelations that the whole thing's just an obvious facade and there's no substance under the covers, people are still madly buying and selling XBS on Bittrex today. He (the dev) even tweeted the Mark Twain quote "It's easier to fool people than to convince people they've been fooled" and yet still, the believers chose to read this as him talking about the FUDer's fooling the investors! You can't win with people that have been so blinded by their hope they've bought into a moon rocket.

(good advice tokeweed. Fortunately I neither lost nor won on this but a lot of people will have been badly burned)

Another lesson

  *  When a dev goes hawking around the media, talking up their new coin/platform/technology, be careful.  It's usually hype, especially in the   
      crypto scene.  Nothing here has any real value.  Only "promises".  Always refer back to the coin's price action and the charts.

yep looks like a scam to me.,. I put in 200$ a few days ago and now all its worth is $80. Ive chalked it up to a loss and am moving on. It does feel bad tho because I thought the bitstake team was serious and legit when really they are lying little fuckers.

It's not even about that.  What if the Bitstake team was really serious about the project?  What if they're really capable devs?  It's about the crypto-scene as a whole.  It relies on the future potential value of the project: promises, and on the laws of supply and demand: trading.  

Oh, and don't forget that cryptocurrencies are not regulated, these pumps are mostly manipulated, usually by the people behind the project themselves.  As a trader, you should be happy.  It's an opportunity to make some profit.

Unfortunately its "Nigerian". Now I'm not sure where you're from but I'm guessing if it's any regular western nation and you hear about some great opportunity to invest in something with very high returns that's Nigerian based, what's your typical first reaction?


Hang onto your XBS for a bit. The way they're running this thing the price is likely to climb back up and you might even get out with minimal loss.

Yup he's right, you're a bag holder now.  You shouldn't have held it for as long.  Next time, sell and take a small loss.

Sorry, still not buying this "it's just trading" business.

I'd much rather buy a legit coin at a $1 million market cap that climbs to $20 million with lots of liquidity then a weekly logocoin at $30k that reaches a $90k cap with no liquidity. 

Let's say it for what it is, It's not trading, it's gambling. And the fact no one wants to pour money into good alts and instead scams is why we don't see big market caps anymore, it's just people fighting over bitdust and scraps at this point.

I would have been happy if I made some money here but as a trader it looks like Im just going to lose money here! :(

'

Thanks man and I will hold them for a bit longer but you are right. Nigerian scams are all over the place and the chances of this project being real and truthful is weak at most. Thank god I got into Slingcoin at 38000 because today she hit 83000 so atleast I have made back what I lost.

Ah.  In that case, just avoid.  No one is forcing anyone to do anything here.

so you bought high and now want to blame the dev and for him to reveal himself?
i don't blame him at all for locking the thread & i will buy back in when all the day traders dump it down to 5k,
I don't think it's a scam  :)

Another lesson.

  *  Be aware of posts like the one quoted above.  When one says he'll buy, it usually is a lie.  A person doesn't simply
      expose himself in a public forum.  There is always an ulterior, personal agenda behind it.  This usually is a sign
      that it is a sockpuppet account.  And when a sockpuppet says that so and so coin is not a scam.  Beware.

Actually what he said that make sense. If it's quickly get dumped down to 5K, some correction should occur and sooner or later someone almost surely will try to pump it, so with little luck he can make a nice profit.

Or it could go down some more below 5K and stay there.  Again be careful.

Of course, it can go further down, even to something next to zero. We've seen several examples for that, so being careful is a good idea indeed.

Another lesson.

  * Beware of threads like these https://bitcointalk.org/index.php?topic=927020.0
     Those are mostly shill bag holders.

God this place is full of Charlie Browns trying to kick the football from Lucy's hands and she pulls it away they fall for it everytime.

I conclusively proved the link between Ray Danetti and several other scam coins but no, this time "it's different dude!" lol

If you really think they are scams/scammers please read this thread https://bitcointalk.org/index.php?topic=1044229.0

I just posted this message on Scam coin XBS thread and it got deleted:-

"Why does the Developer delete posts according to his convenience. Now, this project has a lot of and i mean a lot of RED SIGNALS to not invest into considering that the developer is from the same group of con developers who duped their community for some cheap money. [REFF: - https://bitcointalk.org/index.php?topic=921160.0]

Still, Lets consider that this scammy developer wants to do a good deed by launching a genuine coin afterall. In this case he should be open to criticism, development discussions and identity revelation of his backers [ considering his past DEED'S ]

Deleting posts just adds to the fact that he is incapable to answer questions regarding his project.

Mentioning that he doesnt care for the price and all those talks is utterly baseless because he opened a ANN thread on btctalk and begged investors to invest there money into his project promising a good future. This means he is completely answerable to any person holding even a single XBS Con, oh i mean coin.

If the developer says he doesnt care for the price and for the returns promised to his investors then he should clearly close this thread on btctalk and talk crap somewhere in his own private forum.

So community stop crying FUD. I do understand how you might be feeling as a community while Renegade man or anyone questions the viability of the project. But, trust me its necessary considering the volatility and nature of crypto currencies these days. And if you as investor fell for the XBS trap then it doesnt mean you should pull others too into the mess portraying a bright future ahead."



Now even the thread is locked by the developer. Atlast a positive thing for the community. :)

Edit:- The thread is unlocked again. >:(...hmmm locked for now  ;D

Was just about to post this response to yet another Bitstake thread person trying to uphold this scam when the thread was locked




Man-oh-man you're a fool

You want to talk "dumbass". Let's just review what's at bitstake.co (previously bistake.info) shall we?

The "Lending" platform

https://i.imgur.com/zqYB4XH.jpg

Just a facade. Nothing's been updated on here for well over a month.




The "Trading" platform

https://i.imgur.com/2oCW9xF.jpg

It appears for 3 seconds then disappears. It's not real.




The "Multi-Stake" platform

https://i.imgur.com/0wTsFg2.jpg

Bitstake and blackcoin (hardly "multi" is it?)





The Ripple Gateway

https://i.imgur.com/C9kcfen.jpg

Obviously has been added to try and demonstrate some credibility and make out it's a "banking" website. Almost laughable.





And the Send Coins page.

https://i.imgur.com/vDtgrep.jpg

Looks like it's still 1% to withdraw your coins; absurd and ridiculous.




And this is the clincher. The SMS page

https://i.imgur.com/z8N92Ht.jpg

Anyone care to guess which major continent has been left off the gateway drop down box? I'll give you a hint. It's the continent this project is all about, yet this SMS gateway has been set-up in Canada. Can anyone see how the costs of SMSing to Nigeria through an International service based in Canada might be a slight issue? Why wouldn't a Nigerian gateway be set-up so SMSes are being delivered locally?




And it just goes on and on.

This 'platform' is nothing but a façade to keep you all excited and on the hook.

To each and everyone of you criticising me for pointing out just how lame and pathetic this is, you're all just perpetuating the scam so other unsuspecting people looking to invest in crypto will be caught in the web of this BS. Shame on all of you involved in such deception.

The dev changing the domain unannounced; that's just the last straw. What a complete and utter piece of BS that's designed for no othe reason than to try and get a Crave-like pump going so the dev and other large holders can make a massive windfall. That's all this is and it's crap like this (and people on here pedalling crap like this) that's so damaging to crypto.

They cant setup a Nigerian Gateway because the gateway used here is same as the gateway used in VIOR coins. And the developer of Vior too was a nigerian. :D

This scam is becoming so obvious. Lol!!! I hate shattering others dream but this one is just such a pity. More than anyone else its the Bitstake developer who is feeling the burnt of this reality check, Now he wont be able to buy his dream bike i suppose. ;D

Carlo can't run from his past but we remember!

https://usercontent.irccloud-cdn.com/file/kFI3VGj8/1922043_824140584303488_596308645_n.jpg

Remember Xcloud scam, never forgive, never forget

This is what goes inside the mind of the XBS developer:- https://www.youtube.com/watch?v=cIasr2AiyZ0

This coin...no wait, company/brand is doing just fine thanks...and will continue to do so my friend.  Regardless of your lame FUD or not....you need to think bigger.

thank you for informing us about XBS
i was planning to invest on that coin because it gives interest

TrueAnon you're as blind and clueless as to what's being done to you as the next Bitstake fan that can't think clearly through the obvious scam issues occurring with this project. Before just shutting off from the view I'm expressing here and declaring me "a fudder who just wants cheap coins" think about these issues:

1. There is NO valid point to XBS. Bitstake is supposedly a Nigerian remittance business that will allow people to remit funds to family and friends in Nigeria via Bitcoin. Supposedly they've created a business that will earn revenue from the 1% remittance fees involved in each transaction. But WHERE OH WHERE does XBS (the coin) fit into this model? Simply put, it doesn't. There is no dependence on XBS to be the conduit for these remittance transactions because the whole thing works via BTC. What then would create demand for XBS? Nothing.

2. The dev talks on and on about the "Bitstake business" and how much more important it is than the price of XBS yet there are no details of this 'business', no information about where it is, what its structure is (i.e. directors? VC funding? Nigerian business registration?), the number of employees, its current and forecast revenue. Nothing. Zip.

3. One of the key and fundamental features of the Bitstake 'platform' is the SMS wallet supposedly allowing Nigerians to send and receive money without an Internet connection using SMS on their mobile phones only. Yet the SMS gateway is in Canada! This means a Nigerian based in Nigeria wanting to use this feature has to send an international SMS! Now stop and think for a moment. How many Nigerians are likely to send international SMSes regularly? And what would the likely cost of sending an SMS to Canada be by comparison to one locally within Nigeria? If you were that Nigerian about to start using Bitstake because it's a Nigerian business supporting Nigerian people and you were told you had to send SMSes to Canada to use the SMS wallet what would you think? Is this even remotely real?

4. When the dev moved the Bitstake 'platform' "onto new hardware" a week or so ago he also moved it onto a new domain. Bitstake.info was then left with nothing on it (no message or auto-redirect) meaning all those "thousands of customers" we've been led to believe are already signed up to the platform would've gone to bitstake.info only to reach a "This web page not available - connection timed out" screen. Four days later, after me highlighting how completely and utterly ridiculous, unprofessional and so obviously scam-ridden such a thing was, bitstake.info was suddenly directed  to the new bitstake.co domain so the site reappeared and it was made out like it was always working (but it wasn't because I'd checked numerous times across those four days....that's four days of "customers" thinking Bitstake.info was gone....hardly even remotely real is it?)

5. And the latest complete and utter BS the dev is lauding over you all:


....how very convenient. We can't see the Bitstake Exchange where Nigerians are now supposedly buying and selling Bitcoin! Hilarious! So not even a screen shot! No...nothing....it's not for our eyes! (because, frankly, with no reference to it via Google and no indication what domain it's sitting on or how it interfaces with bitstake.co, IT CLEARLY DOESN'T EXIST!)


Your words...


...have not been at all considered and thought through before you've uttered them. How do you know this is a "company". How do you know its "doing just fine"? You don't. You most likely have no information and surety of this. You're going off the dev's occasional postings that take this continual tone of "high moral ground" against the "fudders" but he offers nothing of substance to back up his claims.

Honestly TrueAnon, you're just being worked and worked and worked over. There is no Bitstake 'business'. It's all just a never ending attempt to get the price back up a little more so the dev can exit from his XBS stash with far more BTC than would be afforded by pricing in the 17,500 sats region that XBS has crashed to because of all the red flags. By stringing you all along for a bit more, he's expecting he might get back to the +100,000 days again for the big exit.

If this was even remotely a real project, all he'd have to do to increase the legitimacy tenfold is show us the 'business' (where it is, how it's functioning, what it's doing, how XBS is an integral part of the model) and BE REAL. But, unfortunately, I'm not expecting that any time soon as the whole thing just looks like one ridiculously 'scammy' set up designed to have people keep buying XBS and pushing the price up. There just doesn't appear to be anything more behind it than that.

I'm sorry that so many have been hoodwinked so badly. Until the dev can rectify all of these so-obvious issues and make the thing far more transparent and open, it's just a disaster and will continue to cost people dearly.

Everyday you talk badly about XBS every single day, you have no proof to back anything up it is pure speculation on your part. Personally I think you are afraid of the coins success because it's getting big media attention unlike any other coin ;)

Can I ask do you own any XBS?

I had a decently long, somewhat drawn out reply half written for you...but honestly, what's the point??  It's obvious you've made up your mind and anything I say will just be shot down by yourself.  

I can't answer all those technical aspect of your comments so that's out.  As for xbs itself, well everything in crypto is a risk and it's DYOR.  I (and others) have taken the time to do so with xbs and found it legit/solid enough to make it a worthwhile investment.  With some more time I'm sure you'll see some decent results if you care to keep an eye on it, instead of trying to "save" everyone.

I won't bother stating the stuff like "you're doing fud to bring the price lower" since it's stupid.  Sure it's going to have ups/downs but what coin doesn't in the alt scene.  Every single coin is manipulated...xbs is probably no different.  This dev/team work differently from others and you have to realize that (maybe it's a culture/English thing, I don't know).  Even their marketing/etc you can tell is made for the masses which is probably not North American based.  I really don't know why you have such an issue with it...the thing is still under development!  Even your final comment you HINT at the fact it still may not be a scam...so then???  If it was a scam...well they sure have invested a lot of btc/time/effort into their marketing and other areas....they're not exactly gonna dump the price/everything for a measly amount of BTC!

Anyway, if you're looking for answers I'm afraid I'm not your guy (for now at least).

Instead of constantly saying to people intelligently questioning the validity of this project that their motives are for some other reason (like they're "afraid of the coins success" as you've just suggested), why don't you actually address the fundamentally serious issues I've pointed out? I mean they're as critical and serious as you could possibly get! Instead of saying "I have no proof", respond to the points I've raised! Points 1 to 5 above are about as important to whether an investment like this is legitimate as any points could be. Without considering what I've written and just responding with the classic "you're just fudding" like you have , you're just blindly ignoring stuff that's likely to cost you, and many others, dearly.

No, I absolutely don't own any XBS and won't ever again. I did buy into it some weeks back briefly when it was way higher and, very fortunately for me, got out of it again before it crashed without any loss or gain. I bet there are hundreds of people that weren't as fortunate though and that's the travesty of this crap and part of why alts are now so decimated.

Well thank you for at least responding decently and not doing the "you're just fudding" thing (which is such a lame response when someone's attempting to highlight serious issues).




Unfortunately this is (partly) why this has been going on for as long as it has. There is a serious lack of technical knowledge within the fan base on the XBS thread. People are just not aware of just how completely misleading the whole thing is. There are such gaping holes in the story on so many levels, and technically, you could drive trucks through why so much of it doesn't stack up/is not legitimate.

Yes, I agree every single coin is manipulated; even the really good ones. But the manipulation going on here with XBS is on another level altogether and this dev has managed to pull together many fans who've bought right in to 'the story' and aren't using any sort of basic critical thinking to work out what's missing from the whole affair.

I didn't say you are fudding I was asking what is your big problem with this coin you post about it everyday? Personally I think it has some really great technology and it has been marketed harder than any other coin I have ever seen in the mainstream i.e. outside world. You are welcome to have your opinion, I don't have a personal problem with you. However I wonder why you pursue it with such venom?

ItsAj you've responded to the posts I was interacting with TrueAnon on.

Your response to me previously was


...and you'll have to scroll up to see my response to that.

I don't think I'm "pursue(ing) with such Venom" but I am highlighting what I can see is an obvious façade designed to trap people. The history of where this project has likely come from, the people involved and the damage of their past projects means this is yet another one for the "oh no, looks like dev has dumped his stash and left the building!" scrap heap. I enjoy being involved with crypto but I won't stand by and witness this stuff happening in a specific project (when I become aware of it) without highlighting the likelihood of it happening again, as good people come into crypto all excited about investing and then get burned beyond recognition. It's ruining it for everyone and Bitstake looks to be just more of this same crap.

A post from the Bitstake ANN thread. Saved here as it will be no doubt deleted from the other thread shortly.

Sooo yeeaahhhh...news?

Yes

https://www.youtube.com/watch?v=xhcyqO4mvuI&feature=youtu.be

Exchange is in beta/stress testing now, just released today.

Where's the FUDDERS at?! LMAO.

Price already going up.