CoinMarketCap.com seriously needs to delist YOBIT

[Herbert2020]

This topic has two purpose:
1) show how Yobit is fake pumping shitcoins to make money
2) how market cap is a terrible thing for comparing and ranking altcoins.

Their pumping bot is out of control 
most recently they pumped a dead 1 satoshi altcoin 80,563,100% (yes your eyes are seeing the number right!) and right now this coin is number 3 in market cap with only 0.41BTC (fake) volume and 0.00014000BTC price.

here is the coinmarketcap.com screenshot at the time of this happening:



and here is Yobit wallet page (disabling any deposits to prevent anyone from messing with their fake pump while they are doing it).

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[bathrobehero]

The coin is removed from CMC now.

I don't necessarily think CMC should delist Yobit, but Yobit (and all exchanges that do this) should be punished for letting people trade while they don't accept deposits and withdrawals or if their wallet is not fully synced. If an exchange allows trading while not allowing people to deposit or withdraw coins, they can set up whatever price they want because there's no arbitrage. That's just a very unprofessional and even just simply a shitty thing to do.

I also don't think the pump has anything to do with Yobit's staff (they could scam money much more silent ways if they wanted to), it's most likely just some people exploiting the situation.

[pereira4]

This topic has two purpose:
1) show how Yobit is fake pumping shitcoins to make money
2) how market cap is a terrible thing for comparing and ranking altcoins.

Their pumping bot is out of control 
most recently they pumped a dead 1 satoshi altcoin 80,563,100% (yes your eyes are seeing the number right!) and right now this coin is number 3 in market cap with only 0.41BTC (fake) volume and 0.00014000BTC price.

here is the coinmarketcap.com screenshot at the time of this happening:



and here is Yobit wallet page (disabling any deposits to prevent anyone from messing with their fake pump while they are doing it).

I guess it's the usual business with those websites. Basically those websites survive on 2 things:

1) Classic ad revenue model: people click on the ads
2) Exchanges and coin devs paying the website owner to get their stuff listed

So as soon as Yobit pays coinmarketcap.com owner he doesnt give a fuck about anything else.

[PovertyByte]

Just my opinion. I think that a lot of dead altcoins should be delisted from CMC. When it says over 600 currencies that does not look good to newcomers. It screams scamcoins galore or just everybody and their grandmother can make a coin and be recognized yay I am a snowflake.

[thebatletbet]

is bad if coin to pump until 85k% but can't deposit
only can buy in market can't deposit, so after buy can dump again

but yobit is exchanger good volume transaction

[Spoetnik]

The coin is removed from CMC now.

I don't necessarily think CMC should delist Yobit, but Yobit (and all exchanges that do this) should be punished for letting people trade while they don't accept deposits and withdrawals or if their wallet is not fully synced. If an exchange allows trading while not allowing people to deposit or withdraw coins, they can set up whatever price they want because there's no arbitrage. That's just a very unprofessional and even just simply a shitty thing to do.

I also don't think the pump has anything to do with Yobit's staff (they could scam money much more silent ways if they wanted to), it's most likely just some people exploiting the situation.

Ya think ? What was i bitching about with Cryptsy since day 1 ? (well about a month and a half after they opened roughly actually)
You all collectively told me to shut up and cried Troll and FUD and usually banned me.

All these exchanges pull shit like that.

Seriously why are you people using these exchanges to trade still ?
Why the flyin' fuck do you think i stopped ?

Corruption.

Which can mean often they will not do the right thing because it hurts their bottom line... PROFIT $$$
All of them have shot & pissed all over their credibility long ago.

What we see is shitheads willing to tolerate *almost* anything just so long as they can keep counting ROI'z.
The only thing that stops morons is closing the doors..
If Cryptsy and GOX and Mintpal and McxNOW etc were still open you ALL would STILL be using them
..and defending them rabidly like manic foaming at the mouth cheerleaders.

Cryptsy and others are infamous for leaving markets open while their coins are not synced.
There will be trading going on but you won't be able to send coins or get them out.
And to all of you that is acceptable practice and routine procedure.

What do you think happens when you refuse to hold their feet to the fire ?

Exchanges do not NEED to operate with accountability and transparency.
Because you all do not DEMAND it.
You all gave away all your power to them long ago.

I had to create a topic here long ago reminding Cryptsy who's coins they are.
Or i should say *were* ..Vern stole them and ran to China.

Let's play a little game shall we..
You all line up and talk big about corruption and what SHOULD be etc.
Then let's see how many of you go straight to Poloniex to trade 5 minutes later.

PUT YOUR BIG MOUTH WHERE YOUR MONEY IS .

Don't waste our time here spewing this bloody idealistic kiddy rabble while you throw it out the window for cash seconds later.

PS:
The word is Exchange ..not Exchanger broken English foreigners.
Learn your god damn Engrish !

They don't call it the New York Stock Exchanger do they ?

Me luv Yobitz long time   Sucky suck 5 dollrah much ROI'z !

Learn English idiots !

[NorrisK]

Isn't this simply the case of a low volume coin that can easily be bought to those type of market cap increases with just a fraction of a bitcoin?

This is not Yobit, but rather a problem of low volume coins and instant market cap updates.

[zahra4577]

This topic has two purpose:
1) show how Yobit is fake pumping shitcoins to make money
2) how market cap is a terrible thing for comparing and ranking altcoins.

Their pumping bot is out of control 
most recently they pumped a dead 1 satoshi altcoin 80,563,100% (yes your eyes are seeing the number right!) and right now this coin is number 3 in market cap with only 0.41BTC (fake) volume and 0.00014000BTC price.

here is the coinmarketcap.com screenshot at the time of this happening:



and here is Yobit wallet page (disabling any deposits to prevent anyone from messing with their fake pump while they are doing it).

I guess it's the usual business with those websites. Basically those websites survive on 2 things:

1) Classic ad revenue model: people click on the ads
2) Exchanges and coin devs paying the website owner to get their stuff listed

So as soon as Yobit pays coinmarketcap.com owner he doesnt give a fuck about anything else.

Don't mean to doubt you or anything like that but how can we believe that all screenshots were taken on the same day?Particularly the last screenshot of yobit



Was it also taken same day when Yobit was pumping the said coin?

[FeverFlash]

The coin is removed from CMC now.

I don't necessarily think CMC should delist Yobit, but Yobit (and all exchanges that do this) should be punished for letting people trade while they don't accept deposits and withdrawals or if their wallet is not fully synced. If an exchange allows trading while not allowing people to deposit or withdraw coins, they can set up whatever price they want because there's no arbitrage. That's just a very unprofessional and even just simply a shitty thing to do.

I also don't think the pump has anything to do with Yobit's staff (they could scam money much more silent ways if they wanted to), it's most likely just some people exploiting the situation.

This is on the point, none working chains should cease trading, as it becomes an exchange only asset.

[torry28]

is bad if coin to pump until 85k% but can't deposit
only can buy in market can't deposit, so after buy can dump again

but yobit is exchanger good volume transaction

It is not 85k%, but got pumped 8.05M% (yes, it is too insane). Look carefully with that picture.
They are doing that because they don't want people take advantage by buying CUBE from other exchange site then deposit to their site (What a shame)
No, yobit is not good exchange site. I suppose they are faking their own volume cryptocurrency transaction (Just like on above)

[Herbert2020]

The coin is removed from CMC now.

I don't necessarily think CMC should delist Yobit, but Yobit (and all exchanges that do this) should be punished for letting people trade while they don't accept deposits and withdrawals or if their wallet is not fully synced. If an exchange allows trading while not allowing people to deposit or withdraw coins, they can set up whatever price they want because there's no arbitrage. That's just a very unprofessional and even just simply a shitty thing to do.

I also don't think the pump has anything to do with Yobit's staff (they could scam money much more silent ways if they wanted to), it's most likely just some people exploiting the situation.

i say they should because their volume is 90% fake and they have a page listing exchanges based on their volume and Yobit is gaining rank in there for this.
also it is not just disabled wallets, you can not make trades either. if they have  a fake order open you can not sell to that order!

and next time i will post an screenshot of orders as small as 1 satoshi (the minimum trade volume allowed is 10000 satoshi) if i have time and can catch another glimpse at their fake pump operation.

Edit: it didn't even take me much time to find one


notice how users can not make the same trade as the hidden yobit pump bot because it is smaller than the allowed size?

also do you notice how thin the orderbook is yet they are reporting 20+ bitcoin volume?!

Don't mean to doubt you or anything like that but how can we believe that all screenshots were taken on the same day?Particularly the last screenshot of yobit

[im g]https://i.imgur.com/e4MEX8I.jpg[/img]

Was it also taken same day when Yobit was pumping the said coin?

instead of replying to this post you could have checked the wallet yourself! you replied only 5 hours after i posted this.

[thepo1m]

I don't know why some people crusify Yobit for pump and dump, this occur on Poloniex too and most of the exchanges are guilty of these, when Pascalcoin went on Poloniex the price jack up and people were happy to make money but when it comes to Yobit people will keep crusifing them

[royalfestus]

I don't know why some people crusify Yobit for pump and dump, this occur on Poloniex too and most of the exchanges are guilty of these, when Pascalcoin went on Poloniex the price jack up and people were happy to make money but when it comes to Yobit people will keep crusifing them

yobit has this peculiarity and some irrelevant coin which should be delisted. In this growing numbers of exchanges, if yobit continues to encourage that ridiculous pump it will reduce the trust of subscribers. Poloniex thread is softer than yobit 

[Herbert2020]

I don't know why some people crusify Yobit for pump and dump, this occur on Poloniex too and most of the exchanges are guilty of these, when Pascalcoin went on Poloniex the price jack up and people were happy to make money but when it comes to Yobit people will keep crusifing them

did you look at the last comment (the screenshot that i added)? take a look at it again carefully.

pump and dumps happen in any altcoin, but it always happens on platforms like poloniex and other exchanges and anyone can join in and make a profit. i challenge you to make a profit from the fake pumps on yobit.
first thing you will encounter is that you can not make the same size orders like yobit does, second thing is that they put up orders that you can not buy from or sell to an still make profit.

an by the way, i would have never made a topic like this if i didn't see hundreds of newbies saying Yobit is the best place where it clearly is not.

[tmfp]

...hundreds of newbies saying <insert name of crap scheme> is the best place where it clearly is not.

The Newbie Endorsement, quite an effective litmus test of anything crypto related.

[coin-investor]

Even if they delist it,dev's of new coins will still prefer Yobit because of the pump and dump that's frequently happening and investors and traders are making profit from this scenario,but hey Yobit just updated their coin submission,they are not accepting newbie announce coin anymore and they want it bitcointalk topic only,how's that for a change.

[Herbert2020]

Even if they delist it,dev's of new coins will still prefer Yobit because of the pump and dump that's frequently happening and investors and traders are making profit from this scenario,but hey Yobit just updated their coin submission,they are not accepting newbie announce coin anymore and they want it bitcointalk topic only,how's that for a change.

the only coins they fake pump are the coins that are dead, and gone. which means nobody had any coins there anymore and devs are long gone. and even if there is a dev, or someone with balance outside of Yobit they either disable the deposit option or don't even have deposit option in the first place which means you can not take advantage of the pump.

[gembitz]

^after considerable frustration and meditation i've reached the conclusion that we need a place for coins to die -> a "coin purgatory" ~ if you start to think of yobit like this it will make sense ;-D *the same thing we hate about yobit is very similar to the OTC/pink sheets in the real stock market * trade hard and fast take profits ~ yobit does need to increase their withdraw fees tho as bitcoin withdrawals are sometimes get stuck FOR DAYS!! grr :\

[supercops]

I really don't like yobit.
It runs slow on my pc which is not that old and the amount of coins on there are just cruddy.
They just put up a coin I never heard of before called mbit. Now it is just looking to be a platform to pump up these kind of useless coins.

[gembitz]

I really don't like yobit.
It runs slow on my pc which is not that old and the amount of coins on there are just cruddy.
They just put up a coin I never heard of before called mbit. Now it is just looking to be a platform to pump up these kind of useless coins.

^most coins are useless besides bitcoin and ethereumz :-D ha