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Author Topic: The Official Yobit Pump  (Read 291 times)
Javi_Anibarro
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October 11, 2018, 10:32:12 PM
 #21

Has anyone seen something of this nature before in their entire lives? Is it a sign of desperation, fun or sheer silliness?
~snip~

I don't really have a problem with it myself. At least they're upfront about it and it's not exactly out of character. They've fully confirmed that they're a poo hole and they don't care who knows it. I'd love to know the proportion of exchanges that have done this unannounced. For the Chinese ones it's probably 100%

Is anyone monitoring their markets? Is anything of significance happening on there? Perhaps there's none of their money involved and this is to fool their users into funding pointless pumps which is even more in line with the spirit of the idea.

I did and Yes something big happened with that exchange for a few minutes, they pumped 'PUTIN(it is coin,ok!?) and it was more than 1BTC.
you can check it here ; https://yobit.net/en/trade/PUTIN/BTC and based on their live chart, they pumped it approximately for around 129BTC in total,
the price went up from 0.0000012(120 satoshi)BTC to 0.000017(1700 satoshi)BTC.

also, if you guys still have some balance or some assets on that exchange. It would be better for you to take it away before it goes wrong.
do not forget this letter bro ; https://www.cftc.gov/sites/default/files/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf

 
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October 11, 2018, 10:41:43 PM
 #22

also, if you guys still have some balance or some assets on that exchange. It would be better for you to take it away before it goes wrong.
do not forget this letter bro ; https://www.cftc.gov/sites/default/files/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf


This is a very relevant point. As far as I can tell Yobit do nothing to reject American customers so this is a direct ejaculation in US regulator faces. No doubt they'll get around to throwing their weight at this eventually, they're probably in no particular hurry, and it could be fatal to Yobit. I fully expect them to pop back up Wex.nz style without the attempt to reimburse anyone if funds are seized.

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October 11, 2018, 10:50:49 PM
 #23

https://twitter.com/YobitExchange/status/1050035464609124352

'YoBit Pump in 22 hrs: https://yobit.net/en/pump/timer/
We will buy one random coin for 1 btc every 1-2 mins 10 times (total buy amount - 10 btc).'

Has anyone seen something of this nature before in their entire lives? Is it a sign of desperation, fun or sheer silliness?

I'm sure plenty of exchanges do this, but they don't actually admit to it.


I received a notification in the e-mail, maybe this could be a sign for many exchanges to pump or maybe just pump it in yobit. I still don't know the obvious thing that is certain if Yobit does the pump to increase the price well.

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October 11, 2018, 11:18:27 PM
 #24

Yeah I also got the message in my email, and this is not the first time I received it, I think yobit is desperate to attract new customers, and its really not recommended to join the pump, it is only going to give advantage to the owner, more and more strange activities happened in yobit, start from the dice, the investbox, the own coin creation and now the official pump
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October 11, 2018, 11:37:39 PM
 #25

also, if you guys still have some balance or some assets on that exchange. It would be better for you to take it away before it goes wrong.
do not forget this letter bro ; https://www.cftc.gov/sites/default/files/idc/groups/public/@customerprotection/documents/file/customeradvisory_pumpdump0218.pdf


This is a very relevant point. As far as I can tell Yobit do nothing to reject American customers so this is a direct ejaculation in US regulator faces. No doubt they'll get around to throwing their weight at this eventually, they're probably in no particular hurry, and it could be fatal to Yobit. I fully expect them to pop back up Wex.nz style without the attempt to reimburse anyone if funds are seized.

That's it.
i tried to warn some of my fellow but they did not take it to heart and only said it was a strategy to increase their volume or something shit like that.
it is totally stupid because they are targeting a lot of greedy peoples and newbies obviously to start trading in their platform. that was why i shared that link so people can read it and understand it very well, at least we can minimize the loss that might happen in the future.

wake up buddy, stay away from that exachange. there are a lot of good exchanges out there, why would you choose them instead of those good exchanges ?

 
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October 11, 2018, 11:55:56 PM
 #26

Yeah I also got the message in my email, and this is not the first time I received it, I think yobit is desperate to attract new customers, and its really not recommended to join the pump, it is only going to give advantage to the owner, more and more strange activities happened in yobit, start from the dice, the investbox, the own coin creation and now the official pump

Same here. At first its a scam email in my opinion until I read it here, and confirmed that its from Yobit official announcement. Well, good for yobit to awaken the community and traders and supporters of Yobit. I hope it will start and trigger a bullrun . Its a good marketing strategy anyway in my opinion.

 
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October 12, 2018, 12:36:37 AM
 #27


Has anyone seen something of this nature before in their entire lives? Is it a sign of desperation, fun or sheer silliness?

I'm sure plenty of exchanges do this, but they don't actually admit to it.


For me its a sign of desperation.If they did this into traditional stocks and forex then they would really end up on having a penalty or even go to jail for manipulation.I wasnt expecting that they
would come into this point proclaiming about randomly pumping a coin which do proves out how shitty this exchange had become.They are worsening even more their reputation.

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