Yobit INVESTBOX

[aTriz]

Did you see the new feature at Yobit? https://yobit.io/en/investbox/

What do you think about it? Looks the income rates are a bit high...

I see some really high returns on there.

Based on my knowledge about Yobit, they are essentially an unlicensed exchange that is based on nobody knows land. Nobody knows what they do with client coins, nobody knows where they are located, nobody knows how they are generating that sort of profit.

Just by saying on their page that investments are 100% guaranteed does not help.

Sure, it's backed by their own company, but if they go scam(go to scam accuastions and you'll see at least 3 yobit accusations per page), then your funds are gone.

No thanks, i'd rather invest in casino bankroll than this stuff. Their customer support is nonexistant when something goes wrong.

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[ranlo]

Did you see the new feature at Yobit? https://yobit.io/en/investbox/

What do you think about it? Looks the income rates are a bit high...

I see some really high returns on there.

Based on my knowledge about Yobit, they are essentially an unlicensed exchange that is based on nobody knows land. Nobody knows what they do with client coins, nobody knows where they are located, nobody knows how they are generating that sort of profit.

Just by saying on their page that investments are 100% guaranteed does not help.

Sure, it's backed by their own company, but if they go scam(go to scam accuastions and you'll see at least 3 yobit accusations per page), then your funds are gone.

No thanks, i'd rather invest in casino bankroll than this stuff. Their customer support is nonexistant when something goes wrong.

Not going to vouch for them or anything, but what I can say is that every accusation I've seen so far dealt with some crapcoin that nobody cares about and is always caused by a lack of miners (meaning coins can't be moved as there's nobody to mine blocks). I've yet to see any about any coin that actually had a following/mattered.

[BtcKing 1]

Just look at their rates! They are promising 150% returns every month. That means that if you invest $100, you are going to get $5,960,464 after 12 months. From where they are going to get this much returns? I am staying away from this for sure.

no they are not stupid to do that ! all 150% returns are to dead coins coins that have poor trading vol and they are stuck at 1 sat ! that's why it doesnt matter if they give 150% return or 10000% you can't sell those coins anyway !

[boyptc]

Does anyone here tried to invest on yobit's investbox? With it's withdrawal from trading many are complaining and I don't think this type of feature from them will have an unique way of service to it's investors.

I tried with $3 of litecoin at 0.3% daily. It did workk and did return to my account fund. Might be safe with litecoin and bitcoin.

Looks great, will wait for other's feed back if they will have good journey with this. Is the withdrawal fee on yobit has increased?

[alva5763]

Problem is there are so many just waiting to call scam on any topic on this site. My $3 is still earning. I could probably retire in 80 years if it keeps going.

[jorneyflair]

Problem is there are so many just waiting to call scam on any topic on this site. My $3 is still earning. I could probably retire in 80 years if it keeps going.

I don't think that its not justified to call this a scam.

How is it possible for any company to send you free money every day, infact 0.2% every day? Even big fiat financial associations can't do that. P2P lending can't do that. Casino bankroll financing can't do that. What makes you think Yobit can?

Nobody knows how revenue is generated. That's the key issue here.

If yobit justified how they were able to generate profit then i'd have no problem in investing there myself and telling others to, but until then, i'm going to call it a scam/scam to be.

[ranlo]

Problem is there are so many just waiting to call scam on any topic on this site. My $3 is still earning. I could probably retire in 80 years if it keeps going.

I don't think that its not justified to call this a scam.

How is it possible for any company to send you free money every day, infact 0.2% every day? Even big fiat financial associations can't do that. P2P lending can't do that. Casino bankroll financing can't do that. What makes you think Yobit can?

Nobody knows how revenue is generated. That's the key issue here.

If yobit justified how they were able to generate profit then i'd have no problem in investing there myself and telling others to, but until then, i'm going to call it a scam/scam to be.

It's not infinite. The pool only has x amount and when it runs out, it's out. You're acting like they are giving away 0.2%/day for unlimited BTC in perpetuity when they aren't. Multiple coins there have already run out of funds and the principal was returned to users after.

Seriously, people, learn how to read. Some of you are clearly illiterate and/or have comprehension issues and start throwing around assumptions/claims without even knowing what you're talking about.

[barota]

so Yobit INVESTBOX scam ?

no or yes?

[BitHodler]

so Yobit INVESTBOX scam ?

no or yes?

The poster above you (ranlo) in easy words explained how it works, and yet it was too difficult for you to understand, or you're a person that just looks at the title, where after that you blindly post away.

[barota]

so Yobit INVESTBOX scam ?

no or yes?

The poster above you (ranlo) in easy words explained how it works, and yet it was too difficult for you to understand, or you're a person that just looks at the title, where after that you blindly post away.

I see a dodge in the comments
People confuse

[BitHodler]

I see a dodge in the comments
People confuse

In easy terms, basically anyone can create such an investment plan.

Let's assume you create one, from there you can choose the type of coin, payment frequency, how much people can earn in terms of percentages, and the list goes on.

If you allocate 500LTC to this fund, people will keep generating their given interest rate till they have eaten through your 500LTC fund capital.

If there is nothing more to earn, then you can just close your investment, and that's really it.

[barota]

I see a dodge in the comments
People confuse

In easy terms, basically anyone can create such an investment plan.

Let's assume you create one, from there you can choose the type of coin, payment frequency, how much people can earn in terms of percentages, and the list goes on.

If you allocate 500LTC to this fund, people will keep generating their given interest rate till they have eaten through your 500LTC fund capital.

If there is nothing more to earn, then you can just close your investment, and that's really it.

Can I close the investment at any time?
if yes
that good invest and not scam at all ..... specially btc

If the money remains without circulation  ......better invest in  INVESTBOX

[alva5763]

You can close the investment at anytime. If you do not close it will compound next 24 hours until you close. Think it is safe if you use litecoin or bitcoin as they are east to sell later.

[barota]

You can close the investment at anytime. If you do not close it will compound next 24 hours until you close. Think it is safe if you use litecoin or bitcoin as they are east to sell later.

Your answer is clear and convincing 

[alva5763]

I am not advising anyone to invest. I am saying what I have found. Has anyone tried withdrawal from Yobit recently? Hearing withdrawals on Poloniex are causing problems.

[RamBahadur.Gurung]

They are offering 0.2% returns per day for Bitcoin, which means close to 73% interest per year. From where they are going to get this much profit? From the exchange user fees? But even then, these sort of returns are not sustainable in the long term.

[ranlo]

They are offering 0.2% returns per day for Bitcoin, which means close to 73% interest per year. From where they are going to get this much profit? From the exchange user fees? But even then, these sort of returns are not sustainable in the long term.

They ran out of funds in it at least twice and had to replenish the pool. Again, a post from someone who doesn't actually read what's going on and instead just throws out random assumptions.

[alva5763]

Even if the returns are not sustainable is it not worthwhile using it while available? I would put more into litecoin but do not know if withdrawals are a problem.

[richardsNY]

Even if the returns are not sustainable is it not worthwhile using it while available? I would put more into litecoin but do not know if withdrawals are a problem.

Point is, that at first glance there is nothing to lose. However, the only question you'll have to ask yourself, is whether or not it is worth having your coins be in control of an exchange as Yobit. I personally wouldn't do so, but if you think it's worth scooping up a few litoshis, then go ahead. Regarding withdrawals, there haven't been any worthwhile complaints in terms of withdrawing Litecoin. But then again, there not being any problems right now, doesn't mean it won't happen tomorrow or the next week....

[amacar2]

Even if the returns are not sustainable is it not worthwhile using it while available? I would put more into litecoin but do not know if withdrawals are a problem.

I have only got withdrawal issues there couple of times till now but I don't consider yobit a safe place to store or trade your coins. On top of that this investment box they have introduced with hyip model adds up more questions about their intention.