DO NOT TRADE WAVES WITH YOBIT! WARNING

[evergrow]

DO NOT TRADE

Waves coin [WAVES] trade is open: http://yopussy.net/en/trade/WAVES/BTC . We bought some amount of coins on ICO. Deposits and Withdrawals will be disabled until chain launch.

Code:

[url=https://yobix.net/en/trade/WAVES/BTC][img]https://yopussy.net/imginfo/WAVES[/img][/url]

Donate WAVES coins to our Giveaway: https://yobix.net/en/freecoins/

Please report about WAVES update/fork/issue here: https://yobixxx.net/en/reportupdate/WAVES

no

we do NOT endorse this. This is bad for crypto. DO NOT TRADE IOU.

[tensai]

Let people lose their own money. You can't cure stupidity.

[glerant]

How is this any different to trading margins or futures?

Either you trust the exchange or you don't.

[KhalDrago]

They won't receive full node code from Waves devs.

[bitdumper]

People are still loosing money in ICO and all the altcoins. These may be new persons in crypto. We need to educate them about scams with threads like this. Good work.

[prettybuds]

I don*t need a warning not to trade with Yobit, who would go to Yo Bit I don*t go to Yo Bit cause of what they do.
Thanks

[CryptoCoinWareHouse]

They can trade anything just like 1broker does its like a trading platform but fake

[reuschman]

what's the matter here=? I don't understand.... 

[ndnh]

How is this any different to trading margins or futures?

Either you trust the exchange or you don't.

what's the matter here=? I don't understand....  

The exchange is making money selling WAVES they bought at the ICO at a higher price to public. (they don't hold WAVES in their wallet, just selling the number on the ICO page well in advance)

Simply, you cannot sell WAVES (except the ones you bought at Yobit) but you can buy them. which means Yobit is simply dumping the risk on those who are unaware of this while making a very high guaranteed profit.

[reuschman]

How is this any different to trading margins or futures?

Either you trust the exchange or you don't.

what's the matter here=? I don't understand....  

The exchange is making money selling WAVES they bought at the ICO at a higher price to public. (they don't hold WAVES in their wallet, just selling the number on the ICO page well in advance)

Simply, you cannot sell WAVES (except the ones you bought at Yobit) but you can buy them. which means Yobit is simply dumping the risk on those who are unaware of this while making a very high guaranteed profit.

thank you for this explanation!

[Jelly0621]

How is this any different to trading margins or futures?

Either you trust the exchange or you don't.

what's the matter here=? I don't understand....  

The exchange is making money selling WAVES they bought at the ICO at a higher price to public. (they don't hold WAVES in their wallet, just selling the number on the ICO page well in advance)

Simply, you cannot sell WAVES (except the ones you bought at Yobit) but you can buy them. which means Yobit is simply dumping the risk on those who are unaware of this while making a very high guaranteed profit.

Yobit do this kind of thing ? I thought yobit is a good    exchanging site.

Thanks for your info,  though.

[morantis]

They pulled back on Waves because of the vast number of coins held by few people, indicating a future pump and dump.  Once the supply is more spread out, it will work better.