YOBIT EXCHANGE
Yobit has a reputation which proceeds it. Anyone aware of this reputation will take deed before trading on Yobit. Smart traders put their BTC in their shoe when visiting. That being said, Yobit was the first exchange I ever traded on and my experiences are mostly good. Here are some things to watch out for on Yobit;
-pump and dump coins/groups
-interexchange wallets which don't work
-free and open scamming in the troll box
You have been warned. So lets get onto the good stuff. The big rewards which follow big risk...
As I see it, here are the benefits of trading Yobit;
-many hard to find coins
-multi x potential on low market cap coins
-investbox feature which allows developers to pay investors dividends
-easy sign up
VNTX, ANOTHER SCAM?
Earlier this year VNTX was one of the better investments on Yobit. It paid 10% daily in the investbox and held it's value fairly well. When funds ran out of the investbox, people called scam and the price crashed as you can see on the following chart:
There have been rumors, fake twitter accounts and alot of confusion ever since. When the investbox was thought to come back, the price quickly went from 3 sat to 24 sat. Right now the price sits at 7 sats and promises of a new investbox loom on the horizon.
Not to be without controversy, however, there are two twitter accounts. Each has given slightly different information. In addition a website has been developed with a roadmap promising wallets, coin burn and other exchange listings.
If these developments come to fruition, we may see an opportunity to go multi x in profit. I did last time and the C.EASTWOODof Crypto will never back down from a big opportunity, regardless of risk.
This is not financial advise, i'm not an adviser, this article is for information purposes.