Post
Topic
Board Exchanges
Re: YoBit Exhange is manipulating its crypto currency prices
by
squatter
on 26/09/2018, 19:52:28 UTC
Yobit manipulates its crypto prices.  I have seen their programming do this...both create excessive pricing for no reason and then hold down pricing on currencies.  BEWARE....STAY AWAY FROM YoBit.  There are many other reputable exchanges to trade on  Angry

What should I consider you?? A Fudder?? What is the proof you have to put such serious allegation on a crypto exchange?

You have seen the programming and convinced that they are doing such manipulation, but why should we belive you?

I encourage you to provide proofs to justify your allegation or your claim will have no value. It makes no sense to create excessive pricing for any coin because if the same coin is available at a cheaper cost, yobit will loose customer. It's a bad business decision. So prove it and we all will be convinced!

I'm not sure exactly what he's alleging here. But it's pretty well-known that YoBit engages in some unsavory practices. For example, they leave listed coins in maintenance for weeks or months at a time, making it impossible to withdraw funds. In many cases, it looks like they're probably staking customer coins on POS blockchains. Or maybe they're just insolvent.

I'd steer clear of them anyway, given the recent investigations by the Russian government and the arrest of the alleged founder.