Is it a scam?

[tarable]

Those who are new to cryptocurrency do not have a detailed idea of ​​many things.
I also don't know the details about the scam.
Please tell, whats the story of them big puppys .....

Now there are many ways that scammers can exploit crypto, so it will be very difficult to tell in detail, because they play everything and are smart enough to set new traps for everyone.

[bekti3]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

learn about pickers and makers, so you know how much interest to charge. Are you selling at current market prices or are you in line?
then please provide us the website where you are trading it.
I don't think it's a scam, mate, it's just that you're in a hurry and haven't noticed any interest cuts on the trade.

[magnum cyber]

If you recently traded LTC then it's not the fault of LTC's price, because in the last few days LTC's price hasn't dropped dramatically and is still steady at $ 80.So, the question is where do you trade? It looks like the place you trade with has high interest rates.

[crzy]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

Maybe there’s a delay on their price display so I suggest that you use a legit trading site that can allow you to trade on the current price. Don’t call its a scam actually, all you have to do is to inform first the developer about your problem. May I know what trading app you are using so we can also make our own research? Anyway, its good that you see this one before you trade, always do this one.

[Paycoinzzz]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

This is a rather strange case and I have never encountered it. Even if the system fails, it only has a few price differences, it cannot be reduced as much while the price of LTC is around 70 $.
Please tell me more information that you traded at which exchange? and better yet, you should send more pictures of the timing of the transaction and quantity. I can help you if you were trading at VCC exchange, because I have someone I know working there.

[celot]

How come its happen I think its looks impossible without you give more details like which one exchange do you use and how come your litecoin could sold on $47 and check with ltc price never down above $47. I think you made mistake maybe and we can't fully understand with your question without see your transaction history, maybe could you have pay higher fees with your exchange for selling ltc, but its not true if ltc sold under $47 because ltc still have higher price right now and if sold will get commonly on global ltc down under $47.

[ChronoLite]

^ does these guys even read the whole thread, the bounty manager should remove these users from their campaigns cuz they do not even bother to check what exchange he is using now

The app I used was ingotsex.vip . The commission are 0.00300000 for all cryptocurrency. I had about 18k usd before the trade and after the trade was done I was left with 6k usd . Thankfully I already made profit before this occurred. I just wonder if there is anything reason for this or its just a scam. I was told it had something to do with volume but I wasn't sure.
https://ibb.co/4Wx98Fc

based on your picture here, i am not even sure if i want to give detailed post cuz it lacks of everything, just a bunch of trade history. maybe talk to the support regarding this? they know more about that, even though they would put all the blame on you like every exchange does

[slaman29]

The only way we can help you is if you show the transaction history, and which platform you traded at.

Did you also fill a spot order immediately or did you set limits, because if it's the former then it's possible you accidentally set something wrong. Show us your transaction/order details.

[Nhor1011]

Hi guys. I am new trader here. I had previously sold LTC/USDT at $70 at market price but when the transaction went through it show $47 a coin. I double check and triple check the price stay around $70+ the whole day never drop until $47 which is ridiculous. I wanna ask is there a actual reason why this might happen or it just a scam trading app?

I never experience this even when I'm newbie in trading. Maybe you just made a mistake at first. That's why before making any steps or transaction, you should learn it first, the value, graph, price movement and the exchange platform also. Trading is risky that's why you need to be careful enough.

[mrongoz22]

The only way we can help you is if you show the transaction history, and which platform you traded at.

Did you also fill a spot order immediately or did you set limits, because if it's the former then it's possible you accidentally set something wrong. Show us your transaction/order details.

I think what you say is true because sometimes the exchange can give a surprise, for example, the price can go up immediately, therefore maybe the way we can do is place a sell order at a high or low price to stop losing, so it won't make us lose .

[bayu7adi]

this is natural because he is someone who just knows about cryptocurrency from his friend. new people have less experience and less good research techniques, but we have to give high appreciation to the OP, who has dared to try to enter the world of cryptocurrency,

a bad start doesn't mean you have a bad ending, don't feel weak with this little problem

[ChrisPop]

This should be a lesson for everyone trading on shady exchanges. You are exposed to a lot of risks already when trading on reputable exchanges because they are not regulated by a financial authority. Trading on platforms with a .vip domain nobody heard about is obviously a trap.

Be careful out there. Even if your profits covered the loss, it was your profit, not theirs.

Also make sure you understand the fee structure of any platform you trade on. These are one of the biggest cost to a trader.

[kevincandra]

there is no problem with the current price of litecoin, most likely the platform you are trading on is a scam. but by the way, can you mention the platform you are using, so that we all know and can anticipate that something similar does not happen again.

[Farma]

Have you checked the volume on the market you are using? it's actually quite strange. however, this will not be resolved until you show the screenshot or tell the site you are using.

[kasakola]

There are a lot of people who are new to this forum who don't understand Is it a scam J. You went to buy a coin but you didn't find any of it. You can win there later in the scam. I could easily understand that. And if there is any such link, you can give.

[Ghondronk]

Probably you might experience the impact of high transaction fees prevail at the moment. Early days you did not need much gas to perform a transaction but now we see a drastic increase in it. One thing you need to check prior to do any transaction is that what is the rate they are going to charge when you perform the transaction? Sometimes it can be closer to 30-40 dollars.

[inoes]

how do you trade? where do you trade? what type of trading do you use? check sell / buy history, history of balance mutations etc. some basic things like the one above will greatly affect the trading results. so make sure you trade correctly so that you can get profit.

[junmisakiro]

maybe you missed this movement or maybe your internet network is also not good so you experience a case like this, if it's like this then you can get an important lesson that always make sell orders so you don't miss the price movements on the exchange.

[Kopetunto]

yes maybe everything will end up a scam, so you have to be really vigilant, don't be happy to follow ico or IEO, this is only a note if for a project,
for your case, it looks like the order book on the exchange is very minimal, and it makes your estimate decrease a lot, because the one who buys is not worth what you should sell

[Cameron1Love]

Its all depend in the exchange better to do is find a legit exchange in coinmarketcap.com or in the coingecko to check a better exchange I advice to you the better exchange like Binance, OkEx, Huobi most of them has have a high volume of traders so the chance of earning will increase if you use a larger exchange just saying!