Nalbo
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October 23, 2017, 05:24:46 PM |
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Why is it listed already when the hard fork have not occurred yet?
Seems a scam happening right now.
No its just pre token they are giving to bitcoin holders before actual fork and if I am remembering correctly they have done samething during august fork. They have already disabled both bitcoin and bitcoin gold deposit/withdrawal so that they can claim bitcoin gold during actual fork from user's balances. But I don't prefer to trade in yobit because their support is shit. So they give users who own BTC before the fork a digital credit on their internal ledgers, before the fork has happened? Those are not actual Bitcoin Gold, just a entry on their internal system? So by the time BTC fork, they will extract the actual Bitcoin Gold and sell it at a higher price. Is this what is happening... Yes, they will have access to your BTG and if it reaches higher prices than 0.08 BTC, the average price on their exchange, they will make money. By allowing you to trade they are buying the rights to your BTG from you before you even get it. Totally legal and acceptable. Question is if they will honour the agreements if the fork doesn't happen and allow people to withdraw the coins people got from selling their BTG. It's just a number. We can neither deposit nor withdraw. Which is not even possible. But they'll trade to manipulate the price even before its existence.
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pepoaly007
Member
Offline
Activity: 95
Merit: 10
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October 23, 2017, 05:26:18 PM |
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really i dont like that bitcoin gold or bitcoin cash only one thing i love it just bitcoin only
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darkangel11
Legendary
Offline
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
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October 23, 2017, 05:35:53 PM |
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It's just a number. We can neither deposit nor withdraw. Which is not even possible. But they'll trade to manipulate the price even before its existence.
Most exchanges are going to lock deposits and withdrawals before the fork. I had a small amount of BTC on yobit to check out that widely announced BTG token trade, but the prices weren't interesting. It's not worth selling below 0.1BTC I'll wait and see what happens. 0.1+ will surely make me think about selling Not possible. Snapshot takes place on a particular block. That block will not be reached until 8pm EST today. What is being traded is futures. Coin doesn't even exist yet!
True, I didn't get my BTG and I have a few BTC stored in there. And I did get mine. I also tried selling a bit and my BTC account got credited. It works fine on paper, but I won't praise them until they unlock my withdrawals.
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Saint-loup (OP)
Legendary
Offline
Activity: 2786
Merit: 2428
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October 23, 2017, 05:44:05 PM |
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Why is it listed already when the hard fork have not occurred yet?
Seems a scam happening right now.
No its just pre token they are giving to bitcoin holders before actual fork and if I am remembering correctly they have done samething during august fork. They have already disabled both bitcoin and bitcoin gold deposit/withdrawal so that they can claim bitcoin gold during actual fork from user's balances. But I don't prefer to trade in yobit because their support is shit. So they give users who own BTC before the fork a digital credit on their internal ledgers, before the fork has happened? Those are not actual Bitcoin Gold, just a entry on their internal system? So by the time BTC fork, they will extract the actual Bitcoin Gold and sell it at a higher price. Is this what is happening... Yes, they will have access to your BTG and if it reaches higher prices than 0.08 BTC, the average price on their exchange, they will make money. By allowing you to trade they are buying the rights to your BTG from you before you even get it. Totally legal and acceptable. Question is if they will honour the agreements if the fork doesn't happen and allow people to withdraw the coins people got from selling their BTG. It's just a number. We can neither deposit nor withdraw. Which is not even possible. But they'll trade to manipulate the price even before its existence. I don't think there is any price manipulation because everybody can connect on Yobit and buy and sell BTG (in 6 currencies moreover), so it's the market ie everyone, which does the price... BTW as you can see BTC is falling on Yobit : -8% 5570$ So it's a good indication for tomorrow...
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jennywhzz
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October 23, 2017, 05:47:53 PM |
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And its now even trading BTG / BTC in their trading platform.... Its looks like they want to be the first to really accepts a coin that hasn't been mined yet? And they said that} BTC deps/wds will be disabled in 21 hrs." as per twitter accounts. Why is it listed already when the hard fork have not occurred yet?
Seems a scam happening right now.
No its just pre token they are giving to bitcoin holders before actual fork and if I am remembering correctly they have done samething during august fork. They have already disabled both bitcoin and bitcoin gold deposit/withdrawal so that they can claim bitcoin gold during actual fork from user's balances. But I don't prefer to trade in yobit because their support is shit. So they give users who own BTC before the fork a digital credit on their internal ledgers, before the fork has happened? Those are not actual Bitcoin Gold, just a entry on their internal system? So by the time BTC fork, they will extract the actual Bitcoin Gold and sell it at a higher price. Is this what is happening... Exactly. I think they did it with Bitcoin Cash before, so its no surprise that they have did it with Bitcoin Gold today. I don't have any Bitcoin on Yobit though, I would rather put my Bitcoin on a wallet that I have total control of my private keys. Besides this Bitcoin Cash will be dumped so hard in the first day. Not interested. Thats really not good on the part of yobit. Things should be done on standard basis and opening trading for BTG ahead of time is not only bad for Yobit but also bad for Bitcoins holders, as the total market price will be very down as most people already started dumping trend at yobit which will set the trend and people on Oct 25,will dump all their BTG.
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p3ppymon
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October 23, 2017, 05:52:04 PM |
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They might not be the real coins from the fork. What happens if I deposit now? Would yobit add my btc with btg? I smell something fake in this.
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vaughn125
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October 23, 2017, 06:01:37 PM |
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Well, good for people that trust yobit. But i sure am never gonna ever invest my money just to get my bitcoingold currency a bit earlier than others. I am willing to wait. i just can't risk my hard earned bitcoins with exchanges. I have already heard enough horrific stories about othrr people's experiencs with exchanges to keep myself from trusting them with my hard earned bitcoins. I may be too paranoid but at least i feel a bit safer than others.
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iluvbitcoins
Legendary
Offline
Activity: 2198
Merit: 1150
Freedom&Honor
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October 23, 2017, 06:07:38 PM |
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Where can I find the bitgold wallet? I mean, where do I get the BTG o.o
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Looking for a signature campaign.
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Sanchoni25
Member
Offline
Activity: 96
Merit: 10
I accept XBY/XFUEL
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October 23, 2017, 06:15:20 PM |
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Beware of YoBit one of the worst exchanges out there! Very unprofessional and scammy with cheap tricks they hold onto user's coins by putting the specific wallet for that coin in maintenance Only care about their own maximum profits
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Saint-loup (OP)
Legendary
Offline
Activity: 2786
Merit: 2428
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October 23, 2017, 06:57:37 PM |
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"Discussion of cryptocurrencies other than Bitcoin. Note that discussion of how these currencies *relate to* Bitcoin may fit in other categories. " Admin should delete this last sentence if moderators don't respect it...
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Cutekittens21
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October 23, 2017, 08:35:06 PM |
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Something seems fishy. How can they get btg this early and how can it be this expensive? Someone is profiting heaps here... Credibility of Yobit is down for me.
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SaShiRaJaVu
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October 23, 2017, 10:40:10 PM |
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really i dont like that bitcoin gold or bitcoin cash only one thing i love it just bitcoin only
If you really do not like those alt coins coming up then do not use it ,as simple as that.but one thing i really cannot understand is that how come yobit could start trading this new coin when it is yet to fork,is that team behind this coin,what ever it may be the drama continues and this topic should be in altcoin section.
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cevaromd
Newbie
Offline
Activity: 2
Merit: 0
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October 24, 2017, 08:10:16 AM |
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I held my BTC at YoBit during the exact block that was to be mined by BTG and yet did not receive my BTG. I want an explanation.
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leea-1334
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October 24, 2017, 04:08:17 PM |
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People really need to stop just writing what they are thinking and show how little we know. Yes, it has been more than 24 hours traded on Yobit, but it was more like a futures trading. If anything, yobit seems to have made a bit of history by being one of the earliest Bitcoin Cash exchanges. And not Bitcoin Gold. They are even listen on the official BCG website as a partner exchange, so no need to shout scam.
I saw it went as high as 0.2 even on yobit but now is a quarter of that. Almost same price as BCC now.
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beerlover
Legendary
Offline
Activity: 3052
Merit: 1188
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October 25, 2017, 11:13:23 AM |
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I really thought it was a joke and then I really checked. Even on coinmarketcap classified as BTG Pre-launch. This is just absolute bullshit. I am not surprised anyway, they are all scammers, both the coin and yobit itself. How can a coin start trading before the fork. One of the reasons bittrex gave a huge warning on why every users should be careful and why they will not in anyway list it. Good anyway for those who had their funds on yobit, but it just sucks and shows a whole lot of reason why this coin is dead on arrival.
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ivanst776
Legendary
Offline
Activity: 1540
Merit: 1003
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October 26, 2017, 12:15:14 PM |
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Beware of YoBit one of the worst exchanges out there! Very unprofessional and scammy with cheap tricks they hold onto user's coins by putting the specific wallet for that coin in maintenance Only care about their own maximum profits Just a cheap one to be able to get a lot of users, most especially the naïve and gullible ones to their website. I really do not understand why they will have to do that in the first place before the fork goes official. I have never trusted this exchange and I always avoid it like plague. I just wish people do not end up losing lots of their funds one day.
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