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Author Topic: Bitcoin Gold on Yobit.net  (Read 347 times)
MisterLG
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October 23, 2017, 02:59:05 PM
 #1

Just came to my attention that BTG is live on yobit.net as we speak. Currently going for 0.00828 BTC per BTG.
Curious what it will do in the next few weeks.

What do you guys think?

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muvie
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October 23, 2017, 03:11:37 PM
 #2

They have done exactly the same with Bitcoin Cash. I mean there has not been any fork yet. So why is it already tradable?

This does not make any sense imho?!?
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October 23, 2017, 03:15:21 PM
 #3

They have done exactly the same with Bitcoin Cash. I mean there has not been any fork yet. So why is it already tradable?

This does not make any sense imho?!?
Remember the yobit exchange was having a lot of negative reputation and the yobit exchange already become the first exchange site that runs the IOU method. That will be the same as IOU method that already implemented into the bitcoin hardfork and i think this already happened with bitcoin cash fork too. Yobit always becomes the exchange site that already offered the early airdrop about the bitcoin fork token.
This pretty odd.


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October 23, 2017, 04:41:42 PM
 #4

I received an email from Yobit about this issue yesterday, specifically they said that Bitcoin Gold balances will be added on yobit.net. I'm not sure that this is an accurate and reputable information because I have also heard that Yobit has a few negatives. I myself do not believe this much because Bitcoin Gold has not yet been born, it has not been separated from Bitcoin, hardfork has a few days to happen. I think we should not trade with Bitcoin Gold on Yobit at this time, otherwise you may lose money unfairly. Please wait for official information

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aliman00
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October 23, 2017, 04:46:55 PM
 #5

I would stay away from that.

AndriyPilipyak
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October 23, 2017, 05:14:22 PM
 #6

may somebody explain me,is it possible to sell btg on yobit?

Meruem
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October 23, 2017, 05:15:03 PM
 #7

Just came to my attention that BTG is live on yobit.net as we speak. Currently going for 0.00828 BTC per BTG.
Curious what it will do in the next few weeks.

What do you guys think?

If I were you I would not be so trustful to this exchange. If you will go to the thread of Yobit exchange you will find out that there are a lot of negative comments about the quality of their services. Many users from this forum would say something like: stay away from that exchange..
On the other hand they have a lot of great features too on their platform.
But I really have bad experience with them, I’ve tried to connect with their customer service for several reasons, but I’ve never got response. By the way, there is a very few info about their legal entity on their website..
Of course it all depends on you and it will be your choice, but be aware of being deceived.
Anyways, I hope everything would be okay and all users of Yobit will receive promised coins!
Good luck!

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October 23, 2017, 05:20:29 PM
 #8

And are you sure it is BTG? Could be just BTG futures, which is entirely different thing, but futures of forks are commonly traded before said forks. Hitbtc is trading B2X futures already for example and the fork will occure in 3-4 weeks... In any case BTG fork is very speculative one at best, I wouldn't be surprised if the coin crashed to ashes right after some exchange decides to actually trade it...
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October 23, 2017, 06:01:44 PM
 #9

This is just a airdrop token they already had a timer they issued iou tokens for now they didn't mention it but when the btg chain only doesn't exist crediting the coin won't make any difference. The price is almost 0.1 bitcoin which isn't bad at all , someone owning 1 bitcoin would get 500$ i was against this and will be but i will also receive some coins which is fine I'm more happy to buy more altcoins by selling it

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October 23, 2017, 06:35:47 PM
 #10

This Hard Fork is getting much more confusing!!
Too silly hold 1 btc for just 1% of profit!
Alts would have been a better option. Hope so they will pull back soon!
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October 23, 2017, 06:55:31 PM
 #11

Just came to my attention that BTG is live on yobit.net as we speak. Currently going for 0.00828 BTC per BTG.
Curious what it will do in the next few weeks.

What do you guys think?


Its 0.0849, almost 10 % of 1 bitcoin, still rather cheap I think
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October 23, 2017, 07:06:44 PM
 #12

I'm pretty sure these are futures and if so, won't actually represent the price once it actually hits the exchanges. Essentially these are like IOUs for when the coins are available.

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October 23, 2017, 07:17:07 PM
 #13

It is traded here since 19th of October.
https://bleutrade.com/exchange/BTG/BTC

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October 23, 2017, 07:17:51 PM
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All that glitters is not gold Grin
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October 23, 2017, 07:28:57 PM
 #15

I'm pretty sure these are futures and if so, won't actually represent the price once it actually hits the exchanges. Essentially these are like IOUs for when the coins are available.
I agree with you. I never trusted yobit completely due to their bad reputation and I hate the way their exchange functions. The price of btg does not seem in this exchange according to me. Best not to buy any btg from yobit for now.
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October 23, 2017, 07:33:12 PM
 #16

I'm pretty sure these are futures and if so, won't actually represent the price once it actually hits the exchanges. Essentially these are like IOUs for when the coins are available.
I agree with you. I never trusted yobit completely due to their bad reputation and I hate the way their exchange functions. The price of btg does not seem in this exchange according to me. Best not to buy any btg from yobit for now.

This exchange decided to get ahead of everyone. But I do not approve of this. How can you sell a coin that does not yet exist? I will refrain from buying this coin for now. This is not yet a coin

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October 23, 2017, 07:44:29 PM
 #17

I'm pretty sure these are futures and if so, won't actually represent the price once it actually hits the exchanges. Essentially these are like IOUs for when the coins are available.
I agree with you. I never trusted yobit completely due to their bad reputation and I hate the way their exchange functions. The price of btg does not seem in this exchange according to me. Best not to buy any btg from yobit for now.

This exchange decided to get ahead of everyone. But I do not approve of this. How can you sell a coin that does not yet exist? I will refrain from buying this coin for now. This is not yet a coin

It is the clearest true. They are trying to sell the thing that does not exist.
It is like selling the air... If another exchange like poloniex, kraken or bittrex would do so - i would trust them much more than Yobit.
But we can't really know, maybe everything is okay and we are just mistaken.
Anyone already bought these BTCG coins from Yobit? Are all processes of buying clear and without any suspect things? Would be great to hear feedback from people who bought them.

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October 23, 2017, 07:55:49 PM
 #18

They simply are selling futures. They turn BTC wallets off (you cannot withdraw) and simply let the people "trade" the BTG as if they already have it.

Once the fork happens they get the BTG of all users and it is for them as they already paid it in advance, plus they have the Bitcoins in their exchange of the users who wanted to get early. Is a great move, and I do not see anything wrong with it.

PS: I already dumped the BTG received there with a good profit  Cool

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October 23, 2017, 08:17:39 PM
 #19

They simply are selling futures. They turn BTC wallets off (you cannot withdraw) and simply let the people "trade" the BTG as if they already have it.

Once the fork happens they get the BTG of all users and it is for them as they already paid it in advance, plus they have the Bitcoins in their exchange of the users who wanted to get early. Is a great move, and I do not see anything wrong with it.

PS: I already dumped the BTG received there with a good profit  Cool

Exactly the same pre market as Bitcoin Cash and it indicates that the starting price during the official launch of Bitcoin Gold will be around $400. Not bad at all.

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October 23, 2017, 11:55:54 PM
 #20

The real question is who in the world is buying at those prices?! I find it hard to believe there is any kind of sustainable demand. Especially since people are about to start racing to dump.

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