YOBIT EXCHANGE SCAM peoples in YODA and DICE coins

[crypto1998]

hi guys
another SCAM from yobit exchange in YODA and DICE coins YOBIT team dumped YODA
from 250 - 300 satoshi to 3 satoshi in few weeks and also SCAM peoples in DICE this
was the biggest SCAM they dumped DICE from 14000 satoshi to 3000 satoshi in few days only
stay away from YOBIT EXCHANGE and if you have account withdraw fast your money

[Dragonfund]

The word
 scam is strong accusation, do you have proof?
you don't just call out anyone with out backing up with proof or something sort of image otherwise no one can prove you innocent.

[BitMaxz]

The word
 scam is strong accusation, do you have proof?
you don't just call out anyone with out backing up with proof or something sort of image otherwise no one can prove you innocent.

It was accused here on the forum many times as a shady scam exchange but honestly, I use their service before I never experienced any issue using them but the coin that I bought from them can not be withdrawn and it stuck forever.

If you want to see more evidence there are many threads that you can read from this thread below.

- Yobit Scam Accusation megathread. "Normal" modus operandi or shady practices?

[stompix]

The word   scam is strong accusation

When it comes to Yobit, it's quite mild, I could easily find twenty words that fit them better but I won't use them on a public forum.
Yobit is the lowest of the lowest, with the way they mint coins with no blockchain and run Ponzi schemes with their investor's box I don't understand why would somebody else even touch those coins or any of their products aside simple btc<>altcoin exchanges and immediate withdrawal.

Bottom line, there is no more need for proofs when it comes to yobit, but at the same time people got bored calling them out for every scam they come up with, I doubt anyone can keep track of all of them, even the one presented by BitMaxz is missing a lot of them, that topic should get updated at least twice a week!

LISA, LIKE ALISA, X10, PONY, YONE, YODA, all going to zero, 1 satoshi and no buy orders, that's the faith of all.
Oh, did I forgot CORONA? Bleah!
 

[mk4]

If I understood what you're saying correctly, you're calling YOBIT a scam jsut because these coins dropped in price. Right? Well, that's not how the market works bud. That's what you get for holding these casino-ish altcoins— play stupid games, win stupid prizes.

[Little Mouse]

If I understood what you're saying correctly, you're calling YOBIT a scam jsut because these coins dropped in price. Right? Well, that's not how the market works bud. That's what you get for holding these casino-ish altcoins— play stupid games, win stupid prizes.

Both YODA and DICE coins are from Yobit exchange and this was supposed to be happened at some point. They create coin out of thin air without any blockchain, create hype, offer lucrative rewards and later dump their shit on the investors face. This is a recycling method, one after another. So, I would call it as scam tricks of Yobit.

[tranthidung]

If I understood what you're saying correctly, you're calling YOBIT a scam jsut because these coins dropped in price. Right? Well, that's not how the market works bud. That's what you get for holding these casino-ish altcoins— play stupid games, win stupid prizes.

Exactly and I agree with you.

To be fair, scam accusations on an exchange should be when it breaks initial ToS, abuse KYC documents of their customers, prohibition on withdrawals without clear evidence and reasons.

In contrast, don't blame on exchanges because of coins' or tokens' price fall over time, to zero value and zero volume. As investors and traders, people have to aware of risks and benefits when they invest in any coin or token. Price pumps and dumps, projects are born and die off. It is life and it is what we call as a market. Price is determined by market, not by any exchange.

Blame on exchanges when they get losses and how about when they get profits? Will they say any kindly words to exchanges on which they earn profit? 

[pooya87]

this is how the altcoin market also known as the pump and dump shitshow has worked for years starting from early days of that market.

this is what happens to all the altcoins not just these 2 centralized shitcoins owned by Yobit. they get pumped and you have to exit there before the next inevitable stage called dumping starts. when you fail to get out and continue bagholding something that obviously has no future you are begging to lose money.

even though pump and dump is both illegal and scammy people don't consider it that way! simply because they may make some profit from the pumps. and Yobit is a scam exchange for many reasons but not pump and dumping.

[mk4]

This is a recycling method, one after another. So, I would call it as scam tricks of Yobit.

Shady ass tactic, but I'm not sure if I would call it a "scam". It's their asset hence they have all the rights to sell how much they want unless they completely stated that they won't be selling any.

[Assface16678]

It looks like there is a misunderstanding right here you are accusing them as a scammer because of the price of the Yoda drops and the same with their dice.?

I think this is not common because those are the centralized coins they can manipulate any time they want also there are a lot of contents right here on yobit so better to read one of these.

- Yobit Scam Accusation megathread. "Normal" modus operandi or shady practices?

Also, this is a strategy of their platform so you don't have any choice because they handle the market price of this coin. Also base on my experience yobit has one of the worst customer services if you are trying to contact them you must need to get a ticket it depends on your payment if they are going to entertain them.

[libert19]

I ain't surprised man, yobit scummiest thing in cryptosphere, they are probably still surviving with this scummy tactics. Multiple accusations have been brought up against them, people should learn to stay away.

[mk4]

I ain't surprised man, yobit scummiest thing in cryptosphere, they are probably still surviving with this scummy tactics. Multiple accusations have been brought up against them, people should learn to stay away.

Not going to defend YoBit here, but let's be honest here. It's pretty much the same with like probably 95% of all cryptocurrency projects in general. A perfect example being XRP; they pretty much dump on their "investors" pretty much monthly.

[hd49728]

Not going to defend YoBit here, but let's be honest here. It's pretty much the same with like probably 95% of all cryptocurrency projects in general. A perfect example being XRP; they pretty much dump on their "investors" pretty much monthly.

So how many big exchanges accept to list XRP on their exchanges? How many of them have scam accusations because of XRP falling price in the last 4 years? How many people still strongly love XRP and believe in its technology, revolution, etc.? How many of people disbelieve in XRP's centralization?

Those questions are simply raised to say scam accusations on Yobit because of price falls are not correct. Accept risks and losses before invest, accept rules and reputation of exchanges before use them.

[crwth]

You shouldn't invest in unknown coins that don't have any impact on real-life applications, knowing that the name itself seems odd enough. If you have the power and the capacity to have coins to some degree, you have the capability to sell it as well. So the owners of that coin would have dumped it because they can, it doesn't mean directly it's a scam. And if it is a scam, why would you invest in an unknown coin too?

This has been going on and on with different coins and different projects. It has been called ICO and some IEO. They can dump what they have on the market, and that's what they are going to do since they can. It's best to find coins that have value and a great developer that for sure won't dump on your face.

[stompix]

If you have the power and the capacity to have coins to some degree, you have the capability to sell it as well. So the owners of that coin would have dumped it because they can, it doesn't mean directly it's a scam.

To be fair, scam accusations on an exchange should be when it breaks initial ToS, abuse KYC documents of their customers, prohibition on withdrawals without clear evidence and reasons.

Oh, so bitconnect wasn't a scam, onecoin wasn't a scam because people should do their own research first, and "developers" are allowed to do anything they want.
Interestingly, as long as it's written on the menu probably I could serve salmonella filled eggs and also take no blame if my cooks have HIV and they have a habit of cutting themselves over the dishes, after all, I have written in down as a disclaimer.
And ponzi schemes shouldn't be labeled as scams either, you must do your own research, if you invest in them you are to blame and you should go to jail, not the owner.

I'm surprised and amazed how here on bitcointalk people come and defend yobit who is promoting tokens without blockchains, guaranteed 1-5% income daily and many other scenes for which hundreds of websites have been labeled as scams and hundreds of users have been tagged.
Hmm, I must somehow ended on cryptotalk, I see no other explanations for this.

[o_e_l_e_o]

Yobit is categorically a scam.

I do not hide my disdain of the vast majority of altcoins, and I completely agree with the posters above saying that most altcoins, such as XRP, are centralized scams. Yobit, however, takes the scamming to a whole new level.

Have a read of this post I made back in January regarding the "X10" coin which was shilled and spammed on this forum before rightly being banned: https://bitcointalk.org/index.php?topic=5217581.msg53650350#msg53650350

Next, go to Yobit and look up the trade history and order books for the two "coins" that OP has referred to - YODA and DICE. It is the exact same story as it was with X10. Both created out of nothing and sold to their users for BTC and ETH, both without a blockchain or smart contract and unable to be withdrawn, both artificially pumped through Yobit's "InvestBox", and both with hundreds of BTC in sell orders stacked up with no buyers.

With Yobit successfully haven stolen BTC from these users with their false promises, fake advertising, and lies, they now leave them holding bags of a token which does not even exist and will repeat the whole process by launching some new made up nonsense next month.

[Eureka_07]

Hi there.
I have been on Yobit, for almost a year now. Yobit was the first exchange I joined in, and in all honesty, I've loss my early investments there (small investments). Though I expected losing because I am just experimenting. Those was the first months of me...trading. lol. After that, I paused trading on Yobit to reflect what happened and what can I do to avoid losses...and ofcourse how can I win back my investments.

Those coins that are listed there(except ofcourse to those cryptos like btc, eth, xrp, etc.), are literally just for short term trading. Do not hold them. As they will lose their value overtime. That's rest assured.
Digest the lesson @OP. Don't invest on coins that you are not very familiar with. Otherwise you'll find yourself struggling because of the reds on your investments.
Think of some strat to outwit other traders there.

After all, I do not encourage anyone(specially newbies) to trade on yobit.
Proceed with your own risk as they have also been tagged as scam before.

[Lucius]

I was a member of the Yobit Signature campaign in the past (not the last one) and then everything seemed quite OK - the payments were regular, the campaign quite undemanding. I admit that I was quite inexperienced then, but I guess even then a lot of bad things happened in the background, as is the case today.

From time to time I visit this page because surprisingly I still have some active referrals from 4-5 years ago, and recently I was surprised to see on the balance some DICE coin worth a total of 0.07BTC - there is only one small problem, there is no withdrawal nor does anyone buy it so I just picked up the referral earnings and paid an incredible 120 000 satoshi withdraw fee of which 70 000 ended up in YoBit pocket.

I personally would never make any deposit on that exchange - some might say that the whole thing is scam and probably this is true - but what I'm sure of is that it's a very dirty business and it's the crypto exchange with the most accusations for scam.

[crwth]

Oh, so bitconnect wasn't a scam, onecoin wasn't a scam because people should do their own research first, and "developers" are allowed to do anything they want.

Where is the part I said it wasn't a scam? Please enlighten me. All I said there is that they can dump whenever they want because they can and they have coins. Developers of legit projects can do that too, but do they? That's just the difference

Scams = They dump
Legit ones = They HODL since they believe in their project

P.S. I don't defend anything, I'm just telling the truth of what developers could do. What matters is what they do with their power.

[cabron]

DICE still can be traded against Dogecoin.

Dice had been airdropped about 14M for each user in yobit I have some of it but I haven't dumped it since I play with it on its dice just for fun. Its not really valuable in the first place when its paired to BTC, its price is just 1 satoshi. Same with Yoda as far as I know and all of them can still be dumped. Don't hold it.