YoBit IEO's

[Bitcoin Miners]

Every recent IEO that I know of sold out in a matter of seconds. That's impossible if you're human, so yeah all of them were bought by bots, or maybe it's the exchange itself that buy it early and then sold later when the trade opens.

That wave of crazy IEOs remind me about the period in which Ethereum network congested with Crypto Kitty and several big ICOs on the ETH platform in 2017. The network congested and transactions need weeks to finish confirmations. I agreed with you that human can not successful join those lightning speed IEOs. There are likely shady things behind those IEOs.

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[marcotheminer]

All the IEO's are gamble except the bittrex one. You will lose money there but I heard last yobit IEO were profitable.Yobit IEO is next level gambling. They didn't provide any information about what the project about. Some pump & dump group can easily manipulate the price. I think they are hurting their own reputation by doing this.

Though You can't expect better than this from YOBIT exchange. But they should really stop behaving like scammers. I wonder how many people will lose their money on this IEO's. I would avoid everyone doesn't fall for this. Though I am thinking to join with a very small amount, in the end, it's yobit 1000x is possible too!

In general, let's all agree that Crypto is one huge gamble now. Yes, we can argue BTC/ETH have long term potential, but that's about it..

"Join with small amount" - that's how these things seem to work. If 1000 people put $10 each, some will 1.5x those $10 and some will lost 50% (I think thats the right calculation, not too sure). Problem is that information is not perfectly shared - Yobit has first mover advantage every time to buy coins themselves, or sell non-existing coins if they wanted too, who can prove the max token supply they state is real? It's all considerations if you're going to try the yobit IEO "get in/get out" gamble.

[ApocalypseNow]

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

I'm going to pass on this even if it could be a fast cash. Yobit has a very ugly image in the crypto space and now I realize why I saw that they posted a new bounty so people could check their IEO offer. But I think the accurate name for them is an SEO that stands for Shitcoin Exchange Offering.

[marcotheminer]

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

I'm going to pass on this even if it could be a fast cash. Yobit has a very ugly image in the crypto space and now I realize why I saw that they posted a new bounty so people could check their IEO offer. But I think the accurate name for them is an SEO that stands for Shitcoin Exchange Offering.

To be honest - 99% of what has been released into this space since 2015 have been cash-grabbing "projects" aka shitcoins. Some have a *little* merit and may try harder to show they "could do something" or are businesses that just launched the token to fundraise (see KIN token..). Yes, Yobit has non-tokens which are used in their gambling game IEO's - and that's what this campaign is advertising.

[2girls]

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

I'm going to pass on this even if it could be a fast cash. Yobit has a very ugly image in the crypto space and now I realize why I saw that they posted a new bounty so people could check their IEO offer. But I think the accurate name for them is an SEO that stands for Shitcoin Exchange Offering.

To be honest - 99% of what has been released into this space since 2015 have been cash-grabbing "projects" aka shitcoins. Some have a *little* merit and may try harder to show they "could do something" or are businesses that just launched the token to fundraise (see KIN token..). Yes, Yobit has non-tokens which are used in their gambling game IEO's - and that's what this campaign is advertising.

The term ICO was so much misused that people , no one wanted to invest in ICO again. But then Binance evolved the concept of IEO and did few very successful IEO. I hope Yobit will also conduct IEO which are good for the community and not just pump/dump coins.

[marcotheminer]

The term ICO was so much misused that people , no one wanted to invest in ICO again. But then Binance evolved the concept of IEO and did few very successful IEO. I hope Yobit will also conduct IEO which are good for the community and not just pump/dump coins.

And coming up next: the STO.. But no one is blind - people just give in to greed and think that they will outsmart the rest. Binance seems to pick "better-than-the-rest" tokens in their offerings at least.

[klaaas]

Does this mean one "cannot lose money"?

Where people make profits there are people losing on it. Win win on both sides isnt possible.
Sure the biggest winner in this all is YoBit.

[1Referee]

Even better, him promoting the service in his signature is probably one of the main reasons they still have new customers to squeeze empty.. I don't understand how he doesn't fathom that.

I somehow overlooked his Yobit signature.

You are absolutely right, this dude in his very post states that they should stop behaving like scammers, yet he actually promotos the exchange with a flashy signature ad. It's like; I don't care if people get scammed as long as I get the payment from the campaign I consider to be a scam. This makes him a hypocrite and actually very shady.

[marcotheminer]

Does this mean one "cannot lose money"?

Where people make profits there are people losing on it. Win win on both sides isnt possible.
Sure the biggest winner in this all is YoBit.

But if Yobit has buy walls for the full IEO amount, anyone can sell at the initial price as the lowest price? Meaning there's a cap on losses? I don't think that's right because I've seen some of their tokens go below the start price - but what am I missing..

[Lanatsa]

by being fast means you should be the first to dump what you have got because if not, you'd be holding a worthless coin. lucky if you got the project where the developers are seriously developing the project. unfortunately i don't find much serious projects that are listed  in yobit and not listed somewhere else.

Yobit? with that shitty exchange? I wont put up a single penny on it.They do have shady issues in the past which until now they haven't still resolve yet.They might
launch their IEO and as far as i know they succeeded and accumulate thousands of BTC which is pretty questionable sale for such shady site.

I agree with you about Yobit.
There is too much appeal to them, especially when they are concerned about withdrawing problem. I give my support to IEO, but only to high trusted exchanges. Many scam projects, now they can use more "secure" way to take money from the investors.

I would consider to put up money either on Binance or any other top exchangers but not with Yobit even though tendency or chances of manipulation is still there no matter how
reputable the site would be. So much IEO hype as of today and sooner or later this would still end up just like what ICO did and we would see another type of crowd funding with another style once again.

[marcotheminer]

Who participated in their latest one? PLUTO I think it was..?

[magneto]

It's a pure speculative game.

There isn't even a blockchain on which the coins can be transacted on, which makes it even worse since there is always a risk with Yobit being capable of manipulate balances if they wanted to (essentially making it centralised).

Is it any different to a lot of present day initial offerings given that their underlying ideas are completely worthless? Probably not. But this is taking it to a new level, where the exchange itself is hosting rounds of speculative bubbles and can theoretically intervene and do insider trading whenever they want.

I personally wouldn't take part, especially with large sums of money given that they could screw you over and there'd be no public records or ledger to refer to (since there is no blockchain or actual token on that blockchain), and the manipulation. But you could see it somewhat as gambling I guess with low sums.

[jakelyson]

I have not tried any IEO even on reputable exchanges like Binance. I see them as a recycled ICO to scam people of their money. I rather stay away from it especially if it is run by a shady exchange like Yobit.

[arpon11]

by being fast means you should be the first to dump what you have got because if not, you'd be holding a worthless coin. lucky if you got the project where the developers are seriously developing the project. unfortunately i don't find much serious projects that are listed  in yobit and not listed somewhere else.

I find it also very difficult to find a good project that are listed in yobit this days.  I have been receiving messages from yobit in my mailbox about new IEO and I find it very difficult to study those projects and invest accordingly as I don't have money to be wasted.  It is very risky to invest into IEO because the smartest guys that has been in this game are going to use you to increase their purse.  I have decided to only invest in  projects that has good products and services behind them.

[BitHodler]

I find it also very difficult to find a good project that are listed in yobit this days.  I have been receiving messages from yobit in my mailbox about new IEO and I find it very difficult to study those projects and invest accordingly as I don't have money to be wasted.

Good projects and Yobit don't go together very well, so stop looking for them. Yobit is a dump exchange--if every other exchange you wanted to be listed on rejected you, there is always Yobit that you can access after payment.

Also, is there really a point in 'studying' projects? None of them has been easy to access at its initial sale stage, where after the actual listing on the exchange the prices keep tanking hard like there is no tomorrow.

People's plan with IEOs is only getting into the initial sale stage and to dump directly when the pairs go live for trading. No one in his right mind would actually consider holding this rubbish for the long term. It's a guaranteed way to lose money.

[virasog]

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

EDIT: If it's not clear, this is a huge fucking gamble, I'm put $5..

I do not trust Yobit site and therefore the IEO started on the Yobit can turn out be another pump dump game. You should avoid it unless you want to risk your funds.

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange. It seems like a smart idea - but you could lose quickly if you're not fast enough.

Next one in 90 hours - I'm going to try catching it this time..

IEO is the new trend now when it comes to investing and you really need to be fast and alert if you dont like to miss out the train. You missed then you'll surely lose some money.

IEO was first sarted by Binance and the first token BTT was a hit. It even gave good returns to people who buy it from the exchange after the token was listed, Maybe the reason was that it was extermely cheap and Justin Sun had created a lot of hype for it too. Apart of that most of the tokens give more than 2x on the exchanges including Kucoin, Binance, bitrex etc.  Although currently participating in IEO is safe, as you are almost sure to make minimum 2x from it, but which the passage of time, many scam IEO will also come in the market.

[1Referee]

IEO was first sarted by Binance and the first token BTT was a hit. It even gave good returns to people who buy it from the exchange after the token was listed, Maybe the reason was that it was extermely cheap and Justin Sun had created a lot of hype for it too. Apart of that most of the tokens give more than 2x on the exchanges including Kucoin, Binance, bitrex etc.  Although currently participating in IEO is safe, as you are almost sure to make minimum 2x from it, but which the passage of time, many scam IEO will also come in the market.

BTT isn't a total shit token.

It has the potential to be huge with how BitTorrent could allow hundreds of millions of users to tap into the utility of that token. If they work this out well enough, I am quite certain that early birds will be generously rewarded for their confidence in the token. It's the first token with mass appeal, and it could be integrated in other Torrent clients too.

Every IEO that came after BTT is garbage. There is no nice thing to say about them. Most are pure scams, where some are nothing but an idea the people behind the projects allow you to buy into.

[buwaytress]

Since no one's said it, I'll say it. This Yobit IEO is exactly like their ICO in the past.

It's only a change of name, but the model's exactly the same. It's just a fanciful way of running a game of crash. You issue tokens, put up walls to support certain prices in certain days. People wait and let the price go up and try not to dump too soon. Every single ICO run by Yobit in the past continues to trade now below the listing price. Well, well below.

So in summary, this is NOT an IEO the way other exchanges claim (it's not a vetted project at all, hasn't gone through assessments and due diligence). It's just a game.

[tmfp]

To update an old phrase for indulging in poor risk/reward gambling (binary options, anyone?) it's akin to picking up dimes from in front of a steamroller, only in this case the steamroller's driven by a psychopath and the dimes are counterfeit.

[QueenW]

This exchange does not cause me to trust, so I would not participate in their IEO. even on reputable exchanges such as Binance. I see them as a reworked ICO, still better to invest their money on more reliable and reputable exchanges.