Someone is trying to apply a scam again with this coin.

Go to the exchange livecoin and look at the name they use there for CreditBit.

Thank god I didn't invest much into this. Experience is never free.

https://support.bittrex.com/hc/en-us/articles/360001609031

Nice. Now this shitcoin will be delisted of Bittrex.

Sold everything I had. I will not touch this shit not even with a pole.

I told this was going to happen on the Telegram, and the assholes on the channel told me it was never going to happen.

Some interesting thoughts on current market situation, from our DAO member mr. DRAPAL.

Crypto volatility; a blessing!
A message drawn from Nassim Nicholas Taleb

Many crypto investors and almost all fragelista economists (99% of economists) fear that
volatility on crypto markets are the sign of internal crypto weakness.
Experienced traditional investors know that volatility of stock price is not bad at all. They
know volatility exists and they try to make profit from it. Should volatility not exist, there
would be no financial markets and no traders.
But one can nowadays find much more compelling argument in favor of market volatility.
Book Antifragile written by Nassim Nicholas Taleb provides readers not only with stuff that
is fun to read, but on the top of that with exhaustive comparison of fragile and antifragile
(complex) systems.
Since we do not want to complicate here, let us make a simple statement, that our aim in
life is to be as antifragile as possible. Very robust systems are often resisting tensions very
long, but then they break without warning. What is additional treat connected to fragile
systems is that they break like a jar. Damage is irreversible. Antifragility on another side
describes (very simplified explanation) a system that is capable to survive or even become
more resistant with fluctuations around. We go to steam bath and throw ourselves in cold
water afterwards so that we could survive larger temperature differences later in real life.
Nassim Nicholas Taleb wrote Antifragile in 2012. It is quite curious that despite being ex very
successful Wall Street trader he never mentions Bitcoin. Ok. At that time Bitcoin was not yet
as a hype as today. What I am sure he would understand volatility of Bitcoin and other
crypto currencies as a sign of their antifragile nature: I would add that younger systems (if
they survive first period of their life) are by definition more antifragile than older though we
do have few companies that are older than 500 years and some institutions that are couple
of thousands of years old.
The point of the system itself is that more the entities that enter such system (in our case
investors) are fragile, better for the system. Beware of systems in which all participants
thrive for longer period. You can be sure that such system is doomed.
Investors in crypto world are extremely exposed due to volatility. And that is good. Not for
each particular investor, but for a system as such.
But if here presented story holds, then Tether might be an element, that make the system
dangerously fragile. An actor within a volatile system that is 100% stiff (linked to a Dollar),
might look as nice try to connect crypto with fiat world, but is as such lowering volatility of
crypto world, making investors safer on short run but the system less antifragile in next
steps.

Disclosure: Author is a member of CreditBit DAO.
Disclosure 2: Author is in no way connected to Taleb, so the advice to read Antifragile, that
is from my opinion much more important than acclaimed Black Swan, is unbiased.