What will Yobit's future look like?

[Wiseman]

I'm talking about the forum no other CT, he created about 2-3 years ago. there still paid for posts tokens exchange Yobit, they still pay now, but this token is now worthless, on the quality of support I think it did not affect the quality of support, it is still very bad )

Oh okay, for a moment I thought that Yobit had changed and could be a site where users were not abandoned . In fact, I went to the Yobit website looking for the forum and I thought it must be hidden since I couldn't find it.

As you said in one of your posts, Yobit is not for traders, I would say at least for "traditional" traders. But at the end of the day, each user uses the services they like.

You are right about the fact that each user uses what he wants, I may not want anything at all and want to lie on the ocean under an umbrella ))))
I'm talking about where you can earn, there is a stock exchange Yobit and you can earn on it, there will be others with similar benefits,
I remember to earn on the exchange Citex, which few people knew about and I told you how I earned money there by mining cryptocurrency Filecoin FIL, I earned a lot there without doing anything,
It's the same with Yobit, you can earn money without doing anything).

[MrSpasybo]

You are right about the fact that each user uses what he wants, I may not want anything at all and want to lie on the ocean under an umbrella ))))
I'm talking about where you can earn, there is a stock exchange Yobit and you can earn on it, there will be others with similar benefits,
I remember to earn on the exchange Citex, which few people knew about and I told you how I earned money there by mining cryptocurrency Filecoin FIL, I earned a lot there without doing anything,
It's the same with Yobit, you can earn money without doing anything).

Honestly, I still don't really understand how to make money easily on Yobit, I just buy and sell crypto to make profit.
I once read one of your posts about how you are working and generating passive profits from Yobit. It's really interesting but I don't understand it clearly. If it's not a secret, please create a topic with instructions on how to do it or provide a few keywords for us to find out. I also wanted to understand how Yobit continued to exist and gain users over the years 🤔

[Lucius]

Are you using Yobit? Will you continue to trust Yobit and be satisfied with all of Yobit's services?

Once upon a time, I participated in their sig campaign on the BTT forum and they were quite popular then, and then I promoted their ref link in the same way and thus I collected several hundred referrals. I was making money from them for a while, but I don't even remember the last time I visited that site.

Personally, I never had a problem with a single payment from there, but I remember that they had a very large withdrawal fee for Bitcoin, which was as much as 120 000 satoshis.

I can't say what their future is, but if they do business somewhere within the Russian Federation, I think they will survive for a long time, regardless of all the accusations I've read over the years.

[Freemind]

Once upon a time, I participated in their sig campaign on the BTT forum and they were quite popular then, and then I promoted their ref link in the same way and thus I collected several hundred referrals. I was making money from them for a while, but I don't even remember the last time I visited that site.

Personally, I never had a problem with a single payment from there, but I remember that they had a very large withdrawal fee for Bitcoin, which was as much as 120 000 satoshis.

I can't say what their future is, but if they do business somewhere within the Russian Federation, I think they will survive for a long time, regardless of all the accusations I've read over the years.

Of course they will continue to survive in some way. Above all, because many users who use Yobit are new and see Yobit as an easy way to earn something. They have been accused of being scammers for years, but for example at BTT they still have a signature campaign, or at least they had one not long ago. I don't know if you have read the entire thread, but if you have you will have been able to see my experience (and that of many other users) a few years ago, it is for these reasons that I can never recommend Yobit to anyone.

[Lucius]

Of course they will continue to survive in some way. Above all, because many users who use Yobit are new and see Yobit as an easy way to earn something. They have been accused of being scammers for years, but for example at BTT they still have a signature campaign, or at least they had one not long ago.

There is no campaign of theirs on BTT and it has been for years, the admin banned them completely due to the unbearable amount of spam created by their users. Their first campaign in which I participated was during 2016/17, and after that there was a new campaign that lasted during 2019 and ended at the beginning of 2020.

I don't know if you have read the entire thread, but if you have you will have been able to see my experience (and that of many other users) a few years ago, it is for these reasons that I can never recommend Yobit to anyone.

Of course I read it, and I'm also not one of those who would recommend someone to go there to trade because over the years I've seen dozens of accusations against them that have never been resolved. I just shared my personal experience with participation in the signature campaign and with earning from referrals, and I had no problems with that.

[Freemind]

There is no campaign of theirs on BTT and it has been for years, the admin banned them completely due to the unbearable amount of spam created by their users. Their first campaign in which I participated was during 2016/17, and after that there was a new campaign that lasted during 2019 and ended at the beginning of 2020.

Of course I read it, and I'm also not one of those who would recommend someone to go there to trade because over the years I've seen dozens of accusations against them that have never been resolved. I just shared my personal experience with participation in the signature campaign and with earning from referrals, and I had no problems with that.

Thanks for the information, I wasn't sure if the Yobit campaign was still active or not on BTT after seeing it on the forum for so many years. Yobit has always had accusations of scams, although I have not had problems in that aspect during the time I used that exchange, but I did have problems when I wanted to solve other things. If from the beginning Yobit had had more quality towards its users by having good customer service, maybe it would have a very different reputation today, but I think it's unfortunately already too late.

[Lucius]

~snip~
If from the beginning Yobit had had more quality towards its users by having good customer service, maybe it would have a very different reputation today, but I think it's unfortunately already too late.

It always seemed to me that maybe 1 or 2 people were behind YoBit, because the first campaign on BTT was exclusively through automatic registration and payment. This means that it did not matter to them who promoted them, as well as the quality of the posts, which literally meant mass spam, but it was obvious that what mattered to them was quantity, not quality.

Looking back, it seems that their reputation was never even important, which may have been unimportant 7-8 years ago, but today with so many options offered, people simply choose what has credibility among users.

[MrSpasybo]

It always seemed to me that maybe 1 or 2 people were behind YoBit, because the first campaign on BTT was exclusively through automatic registration and payment. This means that it did not matter to them who promoted them, as well as the quality of the posts, which literally meant mass spam, but it was obvious that what mattered to them was quantity, not quality.

Looking back, it seems that their reputation was never even important, which may have been unimportant 7-8 years ago, but today with so many options offered, people simply choose what has credibility among users.

I remember that Yobit promotional signatures were very popular in 2017 on BTT. Currently, another crypto forum also pays rewards in satoshi and their own token on Yobit. As you might have guessed, spam has taken place in the English forum so currently rewards are only paid for activities in the Russian forum.

It will be very difficult for us to identify the Yobit Dev team, they do not have any clear announcements, they want to remain anonymous and avoid legal problems. Anyway, Yobit is the only Russian CEX that I know and have used. I have now switched to other CEXs for better liquidity.

[Freemind]

I remember that Yobit promotional signatures were very popular in 2017 on BTT. Currently, another crypto forum also pays rewards in satoshi and their own token on Yobit. As you might have guessed, spam has taken place in the English forum so currently rewards are only paid for activities in the Russian forum.

It will be very difficult for us to identify the Yobit Dev team, they do not have any clear announcements, they want to remain anonymous and avoid legal problems. Anyway, Yobit is the only Russian CEX that I know and have used. I have now switched to other CEXs for better liquidity.

The Yobit team, if Yobit is made up of more than one person, has always been a mystery, and that's something we always asked each other when we talked in the exchange chat. There has never been an official presentation by Yobit, and I think they have always remained hidden so as not to receive criticism directly from users.

If they don't do it so as not to receive criticism, why not make an official presentation?. I have always thought that making an official presentation of a team makes a project gain credibility and can increase its business, but it seems that they don't care much about that. Even if they want to remain anonymous, that is 100% impossible to achieve due to the domain registrations and other external services they use.

[Stompix]

Anyway, Yobit is the only Russian CEX that I know and have used.

You've never used BTC-e? It was way more popular back then and with more volume. Plus the infamous trollbox chat!

As for yobit I think they've lost most of their customers with the continuous release of virtual tokens that weren't available for on chain transactions but which you could "stake" for some unrealistic APY, that investbox plus the major FY they gave to their own community with the talk token probably pissed of a lot of people that just left and never looked back.

I also wanted to understand how Yobit continued to exist and gain users over the years 🤔

The mirage of earning while doing nothing via farming/investing which are basically the same disguised thing, random airdrops of tokens and so on, most see some huge numbers and returns there and are tricked into buying more with the idea that at one point it will have to go up.
But at the end of the day it's one guy who makes a few cents and a hundred that lose a dollar!

[MrSpasybo]

The Yobit team, if Yobit is made up of more than one person, has always been a mystery, and that's something we always asked each other when we talked in the exchange chat. There has never been an official presentation by Yobit, and I think they have always remained hidden so as not to receive criticism directly from users.

If they don't do it so as not to receive criticism, why not make an official presentation?. I have always thought that making an official presentation of a team makes a project gain credibility and can increase its business, but it seems that they don't care much about that. Even if they want to remain anonymous, that is 100% impossible to achieve due to the domain registrations and other external services they use.

Perhaps Yobit team has its own direction and the income from Yobit CEX is enough for them to continue maintaining their service. I have a feeling they no longer want to try to compete with other CEXs in the market despite having a few more features like DeFi, or they have been around for a long time but I only experienced it a few months ago.

You've never used BTC-e? It was way more popular back then and with more volume. Plus the infamous trollbox chat!

As for yobit I think they've lost most of their customers with the continuous release of virtual tokens that weren't available for on chain transactions but which you could "stake" for some unrealistic APY, that investbox plus the major FY they gave to their own community with the talk token probably pissed of a lot of people that just left and never looked back.

The mirage of earning while doing nothing via farming/investing which are basically the same disguised thing, random airdrops of tokens and so on, most see some huge numbers and returns there and are tricked into buying more with the idea that at one point it will have to go up.
But at the end of the day it's one guy who makes a few cents and a hundred that lose a dollar!

I heard about BTC-e but never used it, I don't want to have many problems managing accounts on multiple CEXs, just a few best options are enough for me to use and split the risk.

Yobit has many interesting experiments, like member Wiseman also had a good income from a certain Yobit program. He presented it but I didn't really understand it so I couldn't follow. Personally, I think Yobit's models are not really sustainable, like what Yobit did with TALK token: everything brought TALK token price quickly to zero.

[Freemind]

Perhaps Yobit team has its own direction and the income from Yobit CEX is enough for them to continue maintaining their service. I have a feeling they no longer want to try to compete with other CEXs in the market despite having a few more features like DeFi, or they have been around for a long time but I only experienced it a few months ago.

The fact is that Yobit cannot compete with other CEXs, and I am not just talking about technically, at the volume level it cannot compete either. I don't know how Yobit is still in the market with its low volume, but it is still there after so many years, it may have a lot of funding and volume is not a problem after all. But what I do know is that it could be much greater in terms of reputation after all the years it has been in operation. Maybe one day we will know why they handled the exchange this way.

[PX-Z]

So there are still using yobit despite of having too many open scam accusations, suspicious activities on their platform like the investbox, and too many to mentions. Yes they are based in Russia so i don't know if these users from Russia have issue on them or it just that those users outside Russia.

About of then having an official rep here, i don't think so, they have made a forum no other CT.com which they use to cater some users issue but it end up being scarce and end their operations as users spams the forum.

[MrSpasybo]

The fact is that Yobit cannot compete with other CEXs, and I am not just talking about technically, at the volume level it cannot compete either. I don't know how Yobit is still in the market with its low volume, but it is still there after so many years, it may have a lot of funding and volume is not a problem after all. But what I do know is that it could be much greater in terms of reputation after all the years it has been in operation. Maybe one day we will know why they handled the exchange this way.

Yeah, I also created a topic about Yobit's poor liquidity. This makes transactions difficult for users and is clearly not a good thing for Yobit's future. But it seems Yobit hasn't made any efforts to improve this, or their efforts haven't yielded results. I think Yobit just wants to survive, not grow and compete with other CEXs in the market.

• Yobit: liquidity problem

So there are still using yobit despite of having too many open scam accusations, suspicious activities on their platform like the investbox, and too many to mentions. Yes they are based in Russia so i don't know if these users from Russia have issue on them or it just that those users outside Russia.

About of then having an official rep here, i don't think so, they have made a forum no other CT.com which they use to cater some users issue but it end up being scarce and end their operations as users spams the forum.

I have never used those features as Invest Box, or have used them but have no clear impression of the profits gained from the features on Yobit. I also staked TALK tokens but the rewards from staking did not compensate for the price drop due to inflation. The surprising thing is that TALK does not have any other features or value besides staking. This weak tokenomics shows Yobit's unprofessional tactics in marketing. Yobit deserves to be forgotten ^^

[Freemind]

Yeah, I also created a topic about Yobit's poor liquidity. This makes transactions difficult for users and is clearly not a good thing for Yobit's future. But it seems Yobit hasn't made any efforts to improve this, or their efforts haven't yielded results. I think Yobit just wants to survive, not grow and compete with other CEXs in the market.

Precisely I think that is the mistake that Yobit has been making for a long time, not making an effort to improve the exchange. Whether Yobit can survive or not is a matter of time and how its owners do things, but I don't think they will change their way of thinking or managing the exchange after so many years of doing everything the same way. Although, as I already said, they have not made an effort to improve, they have preferred to dedicate their time to creating a collection of worthless tokens.