Bitcoin Forum
June 21, 2018, 01:30:30 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Yobit's LISK Pre-Release Market  (Read 1457 times)
instacalm
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile WWW
April 06, 2016, 06:54:03 PM
 #1

WARNING: Be safe and stay away from Yobit!


TL;DR: Yobit decided to trade pre-release LISK "IOU Tokens" and opens "LISK TOKEN/BTC" market.
[YoBit: "We bought some amount of coins on ICO and now it's available for trade."];  Market opens, rise began.


Little bubble's flying too high. Be careful!





1529544630
Hero Member
*
Offline Offline

Posts: 1529544630

View Profile Personal Message (Offline)

Ignore
1529544630
Reply with quote  #2

1529544630
Report to moderator
1529544630
Hero Member
*
Offline Offline

Posts: 1529544630

View Profile Personal Message (Offline)

Ignore
1529544630
Reply with quote  #2

1529544630
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
From Above
Hero Member
*****
Offline Offline

Activity: 686
Merit: 520



View Profile
April 06, 2016, 06:57:53 PM
 #2

Do U like my BTC at play ?

~CfA~

kingcrimson
Legendary
*
Offline Offline

Activity: 1025
Merit: 1000


View Profile
April 06, 2016, 07:18:04 PM
 #3

 Shocked How high can it go?
zaph3t
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


SynqCrypto Team


View Profile WWW
April 06, 2016, 07:35:40 PM
 #4

This is crazy anyone who bought at the initial price start already made some profits
without the real product even launched yet.

LiskCryptoFan
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
April 07, 2016, 12:02:55 AM
 #5

This is good advice, not only for Lisk IOU, but anyone that leaves control of their coins on centralized exchanges.

Nxtblg
Legendary
*
Offline Offline

Activity: 924
Merit: 1000



View Profile WWW
April 07, 2016, 12:27:47 AM
 #6

This is crazy anyone who bought at the initial price start already made some profits
without the real product even launched yet.

Actually, they haven't. It's impossible to deposit any Lisk, so no-one can sell any into that market. The only one who can (who has) is Yobit; the "Lisk" is their IOU from the pre-sale.

Now that the subject is up, they might have been the ones who sunk 1000 BTC into the thing...

But guesses aside, the fact that Lisk is not released yet makes Yobit's LISK/BTC pair an artificial market. It's an artificial market with constrained supply. If Lisk were really released and Yobit's pair were a real market, the price would be lower. There'd be a lot of ICO investors depositing their Lisk and filling up the sellbook. Almost certainly, given the current high bid is 0.0094 (?!), there'd be a lot of ICO buyers hitting the bids.

Gawd almighty: that (tiny) high bid calcs out to almost four dollars!  Shocked  The ones who've been yelling "LISK $1 AT OPEN!" have certainly gotten their wish.

And Yobit has a huge-volume market that's beat Bittrex by close to a month. Regardless of where Lisk goes, the ones who'll be going nom nom nom are Yobit's owners. They have what appears to be a monopoly on trading it, and they'll be nom nom noming the trading fees until Lisk is released. Really, I have to hand it to them: using their ICO ration to set up a market, artificial though it is because of the supply restriction, was a stroke of competitive genius. By the time Trex gets in, Yobit will have nom nom nomed a lot of trading fees.

But please remember if you're thinking of buying Lisk there: the artificiality of the market, specifically the supply restriction, means that you'll probably overpay if you buy "for real." If you're speculating, trading or punting, the artificiality will even out - provided you exit your positions before the release.






██████████████████████████████████████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████████████████▄▄▄███████████████████████
███████████████████████████████████████████████████████████████████████▀▀▀████████████████████████
██████████████████████████████████████████████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████████████████████████████████████████████





...INTRODUCING WAVES........
...ULTIMATE ASSET/CUSTOM TOKEN BLOCKCHAIN PLATFORM...






forzendiablo
Legendary
*
Offline Offline

Activity: 1526
Merit: 1000


the grandpa of cryptos


View Profile
April 07, 2016, 04:12:57 AM
 #7

yobit is such scammy exchange

yolo
sandiman
Hero Member
*****
Offline Offline

Activity: 560
Merit: 501



View Profile
April 07, 2016, 08:44:53 AM
 #8

This is crazy anyone who bought at the initial price start already made some profits
without the real product even launched yet.

Actually, they haven't. It's impossible to deposit any Lisk, so no-one can sell any into that market. The only one who can (who has) is Yobit; the "Lisk" is their IOU from the pre-sale.

Now that the subject is up, they might have been the ones who sunk 1000 BTC into the thing...

But guesses aside, the fact that Lisk is not released yet makes Yobit's LISK/BTC pair an artificial market. It's an artificial market with constrained supply. If Lisk were really released and Yobit's pair were a real market, the price would be lower. There'd be a lot of ICO investors depositing their Lisk and filling up the sellbook. Almost certainly, given the current high bid is 0.0094 (?!), there'd be a lot of ICO buyers hitting the bids.

Gawd almighty: that (tiny) high bid calcs out to almost four dollars!  Shocked  The ones who've been yelling "LISK $1 AT OPEN!" have certainly gotten their wish.

And Yobit has a huge-volume market that's beat Bittrex by close to a month. Regardless of where Lisk goes, the ones who'll be going nom nom nom are Yobit's owners. They have what appears to be a monopoly on trading it, and they'll be nom nom noming the trading fees until Lisk is released. Really, I have to hand it to them: using their ICO ration to set up a market, artificial though it is because of the supply restriction, was a stroke of competitive genius. By the time Trex gets in, Yobit will have nom nom nomed a lot of trading fees.

But please remember if you're thinking of buying Lisk there: the artificiality of the market, specifically the supply restriction, means that you'll probably overpay if you buy "for real." If you're speculating, trading or punting, the artificiality will even out - provided you exit your positions before the release.

+1, very smart move from yobbit owners Shocked
bram_vnl
Legendary
*
Offline Offline

Activity: 1148
Merit: 1000


View Profile
April 07, 2016, 09:04:03 AM
 #9

Wow that is a lot of BTC, is it a scam?
instacalm
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile WWW
April 07, 2016, 10:45:54 AM
 #10

YOBIT LISK TOKENS
24High: 0.01500000 BTC (6.32$)
24Low: 0.00071428 BTC (0.30$)

x13
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


Things are called shit for a reason, dear.


View Profile
April 07, 2016, 12:05:06 PM
 #11

YOBIT LISK TOKENS
24High: 0.01500000 BTC (6.32$)
24Low: 0.00071428 BTC (0.30$)

It reached news highs on Yobit @ 0.017 BTC per Lisk. Even Coinmarketcap has already listed the coin with a price of $7.10  Shocked

http://coinmarketcap.com/currencies/lisk/

BTCLovingDude
Legendary
*
Offline Offline

Activity: 1008
Merit: 1007



View Profile WWW
April 07, 2016, 12:17:44 PM
 #12

......
Now that the subject is up, they might have been the ones who sunk 1000 BTC into the thing...
.....

this is what i thought when i first saw the market open up last day.

as the official announcement before and also after the YOBIT listing, everybody knew that it is not going to be released until end of April (i have even set up reminders) so the initial trade volume which was bigger than 100BTC was totally fake and the rise also looked more like what MtGox did with bitcoin rather than real traders buying.

▄▄▄▄▄▄▄
▄▄█████████████▄▄
▄█████▀▀     ▀▀█████▄
▄████▀             ▀████▄
████▀                 ▀████
████    ▄███ ▄   ▄███    ████
▐███     ▀▀▄▄██   ████     ███▌
███    ▄▄████▀▀   ████      ███
██▀▄▄████▀▀▄▄     ████      ███
▀▄███▀▀  █████▄ ▄█████     ███▌
▀▀▄▄     ███████████     ████
████▄    ▀▀█████▀▀    ▄████
▀████▄             ▄████▀
▀████▄▄       ▄▄████▀
▀▀█████████████▀▀
▀▀▀▀▀▀▀▀▀

UbcoinMarket
          ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
[]
▄▄▄▄▄▄
▄▄█████████████▄▄
▄█████▀▀     ▀▀█████▄
▄████▀             ▀████▄
████▀                ▀████
████           ▄▄███     ████
▐███        ▄▄███████      ███▌
███     ▄▄███▀▀█████        ███
███   ▀████▀ ▄██████        ███
▐███     █ ▄███████        ███▌
████    █ █▀   ▀▀█       ████
████▄                 ▄████
▀████▄             ▄████▀
▀████▄▄       ▄▄████▀
▀▀█████████████▀▀
▀▀▀▀▀▀▀▀▀
cryptoheadd
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500


View Profile WWW
April 07, 2016, 12:29:51 PM
 #13

Upon release it will go back down to 1

Maybe lower.
ttookk
Hero Member
*****
Offline Offline

Activity: 798
Merit: 503


TokenUnion-Get Rewarded for Holding Crypto


View Profile
April 07, 2016, 12:30:49 PM
 #14

......
Now that the subject is up, they might have been the ones who sunk 1000 BTC into the thing...
.....

this is what i thought when i first saw the market open up last day.

as the official announcement before and also after the YOBIT listing, everybody knew that it is not going to be released until end of April (i have even set up reminders) so the initial trade volume which was bigger than 100BTC was totally fake and the rise also looked more like what MtGox did with bitcoin rather than real traders buying.

If they are the 1000 btc guys and they honour their promise of paying out, that would be one thing less to be concerned about.


▄████████████████████████████▄
██████████████████████████████
███████                ██████
███████                ██████
███████▄▄▄▄▄▄    ▄▄▄▄▄▄███████
███████▀▀▀▀██    ██▀▀▀▀███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ██    ██    ███████
███████    ▀██▄▄██▀    ███████
███████▄     ▀▀▀▀     ▄███████
████████▄            ▄████████
██████████▄▄      ▄▄██████████
██████████████████████████████
▀████████████████████████████▀
.
.TokenUnion.










Reinventing Savings via Cryptoeconomically
Incentivized Holding

    ████▄▄▄
   ██  ▀▀▀████▄▄▄
   ██        ▀▀▀███▄
  ██     ▄██▄     ██
  ██     ▀██▀     ██
 ██   ███▄▄▄     ██
 ██     ▀▀▀███   ██
██   ███▄▄▄     ██
██     ▀▀▀███   ██
▀███▄▄▄        ██
   ▀▀▀████▄▄▄  ██
         ▀▀▀████
WP
■  Telegram     ■  Github
            ■  Reddit     ■  Twitter
Hollowman338
Legendary
*
Offline Offline

Activity: 1218
Merit: 1000



View Profile
April 07, 2016, 12:34:20 PM
 #15

From Supernet Slack

Quote
whale
9:16 AM I’ve created a 1:1 LISK IOU asset on the NXT AE starting at 100 NXT/ LISK, the asset ID is 14738107721483067493LISK currently trades for 290 NXT/ LISK on yobit exchange. I am currently a member of NXTinspect (reputation), NEXT (trading) and WAVES (2.0 crypto platform).

https://www.mynxt.info/asset/14738107721483067493

1/10th the price of yobit currently
KhalDrago
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


View Profile
April 07, 2016, 12:35:07 PM
 #16

Well organized scam i gotta give them that.
cryptohunter
Legendary
*
Offline Offline

Activity: 1778
Merit: 1019



View Profile
April 07, 2016, 12:47:04 PM
 #17

I guess people are very trusting about yobit having these and fulfilling these iou's

mistercashking
Legendary
*
Offline Offline

Activity: 1010
Merit: 1050


@CordaroStewart


View Profile WWW
April 07, 2016, 01:06:00 PM
 #18

If you bought at that price on your chart picture on op you would still be in profit with the fake IOU lisk. lmfao thats hilarious.

███████████████████████
███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀███
███  ▄▄▄▄▄▄▄▄▄▄▄▄▄  ███
███  █████████████  ███
███  ███       ███  ███
███  ███  ████████  ███
███  ███  ▀▀▀▀▀▀▀▀  ███
███  ███▄▄▄▄▄▄▄▄▄▄▄▄███
███  ██████████████████
███
███  ██████████████████
███  ███▀▀▀▀▀▀▀▀▀▀▀▀███
███  ███  ▄▄▄▄▄▄▄▄  ███
███  ███  ████████  ███
███  ███       ███  ███
███  █████████████  ███
███  ▀▀▀▀▀▀▀▀▀▀▀▀▀  ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
███████████████████████


    ████▀
█  ███▀  ▀
█  ██▀  ▀
█  █▀  ▀
█  ▀  ▀
█  ▄  ▄
█  █▄  ▄
█  ██▄  ▄
█  ███▄  ▄
    ████▄


  ▀████
▀  ▀███  █
  ▀  ▀██  █
    ▀  ▀█  █
      ▀  ▀  █
      ▄  ▄  █
    ▄  ▄█  █
  ▄  ▄██  █
▄  ▄███  █
  ▄████
prettybuds
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
April 07, 2016, 01:14:37 PM
 #19

Made over 2000% over night on my BTCs thanks to Yobit?!
str4wm4n
Legendary
*
Offline Offline

Activity: 1616
Merit: 1000


View Profile
April 07, 2016, 01:16:04 PM
 #20

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!