YoBit IEO's

[guoyu78]

What are people's thoughts on their IEO's? The coins cannot be withdrawn, they must be bought and sold for profit on their exchange.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..

IEO's are emerging fastly and not only yobit but I can see a lot more IEO's in the markets. I tried catching some on bitforrex but as per you say, I did not exit the market as soon as I have profit. Instead I am trying to stay into those markets as long as possible because I got to see some potential in them. IEO's also offer some good bonuses which is appreciable and profitable in terms of investing higher amounts.

I prefer investing $50-$100 into such IEO's so that the future would gain more importance to the amount we invested. I keep on getting emails from yobit about the start of their IEO sale but it didn't took it that seriously because I was been busy investing into other IEO's but would surely like to have a glance at it.

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[1BTC EQUALS 1CAR]

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.

What do you expect? If there is a contest on what exchange that does have a tons of shitcoin then Yobit would be the official winner. And why do people still use that garbage exchange? It is  2019 everybody and there are a lot better and new exchange out there. There is a huge hype in IEO so any exchange should be expected to take advantage of it.

[d1ceplayer]

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.

There are a lot of peoples think similar to you. I don't really know why most of the peoples do not trust the Yobit exchange but for me, I am with them since years and never had any issue. Also I have been investing into their investment box where the profits seems genuine and stable. For me, their IEO is something which would attract more users to go through their exchange.

Yobit might be having some drawbacks but untill now I have never faced any of them so I have to keep trusting them and try investing into those IEO's launched by yobit. Anytime irecieve mail from yobit, I throughly go through them to really keep myself close towards what is happening in the current markets.

[freedomgo]

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

[BitHodler]

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that.

The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable.

Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.

[dunfida]

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that.

The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable.

Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.

It would really be just like a gamble but people are now being dragged down by IEO hype without even realizing the possible risk of losing money and getting in seems really impossible due to queue of people
who do tend to join up.

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

[QueenW]

I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

[1Referee]

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

People seem to choose the exchanges (e.g. Yobit, Cryptopia, Livecoin, etc) that matches their IQ. Not really a surprise at the end of the day.

I have a (not so smart) buddy of mine who tried to participate in an IEO on almost every trash exchange possible, and didn't manage to enter even once. You could say that he at least didn't lose anything by not participating, but the risk here is that the exchange can lock your account and force you to verify yourself. They'll annoy you with silly questions until you drop your case and accept your loss.

[pishite]

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

People seem to choose the exchanges (e.g. Yobit, Cryptopia, Livecoin, etc) that matches their IQ. Not really a surprise at the end of the day.

I have a (not so smart) buddy of mine who tried to participate in an IEO on almost every trash exchange possible, and didn't manage to enter even once. You could say that he at least didn't lose anything by not participating, but the risk here is that the exchange can lock your account and force you to verify yourself. They'll annoy you with silly questions until you drop your case and accept your loss.

Here I agree, but even large exchanges like Bitrex can play with the users' funds, asking them for additional information, thereby trying to block your funds under any pretext.

[freedomgo]

IEO seems to be the most effective method of raising funds now, but actually if I will invest I choose a site where I will participate.
Respect to people who choose yobit but in my own opinion if there are better sites that offers like Binance, then I would choose the better one.

Binance is by far the best exchange to choose, but also the most impossible one when it comes to buying into their IEOs. Tens of thousands of people and bots are competing for the same IEO, good luck with that.

The same applies to Bittrex. Just try to buy into an IEO on these exchanges and you'll see for yourself. Mission impossible. Free money is what people see and that's why they dump the moment the IEO becomes tradable.

Not sure about Huobi and a few other Asian exchanges when it comes to IEOs, but I don't trust them at all. If you're sending funds over to these exchanges then it's similar to Russian roulette.

I've heard about this, I haven't invested yet, still in the planning stage.
The competition is really huge, maybe because these coins are meant to pump?
I am searching for the statistics of this site particular on their IEO offering and I want to know if it's profitable in overall.
I also heard some projects in Binance IEO are not profitable to investors, like https://coinmarketcap.com/currencies/fetch/

[dunfida]

When choosing up an exchange then i would normally stick to the best ones rather putting and gambling my money with Yobit exchange.

People seem to choose the exchanges (e.g. Yobit, Cryptopia, Livecoin, etc) that matches their IQ. Not really a surprise at the end of the day.

I have a (not so smart) buddy of mine who tried to participate in an IEO on almost every trash exchange possible, and didn't manage to enter even once. You could say that he at least didn't lose anything by not participating, but the risk here is that the exchange can lock your account and force you to verify yourself. They'll annoy you with silly questions until you drop your case and accept your loss.

Here I agree, but even large exchanges like Bitrex can play with the users' funds, asking them for additional information, thereby trying to block your funds under any pretext.

Its not 100% guaranteed that you wont be fucked up even on most big and famous exchangers and this do excludes bittrex or even on BInance possibly.

They do really have the right on asking KYC thing but this is on different matter.We do mostly talk on not being paid out when it comes to our withdrawals and other transaction
related things which do mostly happen on these small and shady exchange.

[MotionEmotion]

IEO are more legal than ICO, as some legal documents and KYC are needed to arrange it, but the price after IEO can decrease forever, and the investment will be unprofitable. Researches has to take place, choosing the right IEO and exchange to invest.

[coin-investor]

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..

Yobit is so good in doing this, in fact, they have been doing this in the past with ICO's that choose to do their crowd sales using their platform and they are also good at pumping dead coins, better be very careful they are employing a bot to make sure that they are going to make a huge profit.

[mamesso]

I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

I'm also not sure about yobit, I think many people are doubtful about yobits. they have a bad reputation.
but everyone has a different judgment and I support it.

[Lassie]

I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

I'm also not sure about yobit, I think many people are doubtful about yobits. they have a bad reputation.
but everyone has a different judgment and I support it.

I don't like yobit aswell. They have a very bad reputation not only here in the forum but in other sites too. Too many scam coins and I think they are listing all coins just to make profit from it.

[sheenshane]

I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

I'm also not sure about yobit, I think many people are doubtful about yobits. they have a bad reputation.
but everyone has a different judgment and I support it.

I don't like yobit aswell. They have a very bad reputation not only here in the forum but in other sites too. Too many scam coins and I think they are listing all coins just to make profit from it.

I heard that name a year ago(yobit) but that name was very common here in the service section it has a ton of customer complaint. So why should I use them? There are gambling site and exchange sites that better than them or if you're not then you wanted to be a next victim of them. In that case, I never tried to invest nor to visit their sites and one thing that comes up in my mind is to stay away from them.

[odb1]

This is the new trend on yobit and day by day we can witness a new IEO there. I have tried several times to participate in any of IEO but mostly peoples rushed and they grabbed the cream. We can see huge transactions there during IEO period also they put some good plans in the investbox as well. We should be careful in participating in IEO, may be we can lost all and may be we gain more then expectations.

[rijaljun]

I would not participate in IEO on this exchange. I believe that there are more reliable and better exchangers, and yobit personally does not inspire confidence in me.

I'm also not sure about yobit, I think many people are doubtful about yobits. they have a bad reputation.
but everyone has a different judgment and I support it.

Well, actually this issue can't be clearly defined as a scam. They just took our rights to withdraw your funds. It's probably part of their decision to keep their exchange volume. Yobit always does this kind of weird things, unfortunately we never be able to take them down and calling them scammers. What we can do is to only stop using their exchanges so we can avoid any loss or disappointment.

[joniboini]

Well, actually this issue can't be clearly defined as a scam. They just took our rights to withdraw your funds. It's probably part of their decision to keep their exchange volume. Yobit always does this kind of weird things, unfortunately we never be able to take them down and calling them scammers. What we can do is to only stop using their exchanges so we can avoid any loss or disappointment.

Removing user rights to withdraw their funds is an outright scam for me. How can exchange not allow their users to withdraw their funds? But well they can do it because people accept that they can do whatever they wanted though.

Yobit is definitely one of the shadiest exchange that I know but many people still use them because they can still make a few bucks here. Only if they suffer a great loss or if Yobit ran away, they'll learn their lesson.

[1Referee]

Here I agree, but even large exchanges like Bitrex can play with the users' funds, asking them for additional information, thereby trying to block your funds under any pretext.

Bittrex knows what that means for sure. They have a history of dealing with users in a not so friendly manner.

It's not possible anymore to withdraw a single satoshi without verification from Bittrex. The scummy part here is that while they don't allow you to withdraw funds, they do allow you to deposit funds, which is pretty much a noob trap. They pass it off as convenience for the users, but the reality is that they just aim to have people deposit funds and then leave for ever because they don't want to KYC/AML verify themselves.