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Ch Ayyan

How to find fake currencies on yobit.

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Coinmarket cap is the best way to find out which coins are fake and which are useful because every legit coins get listed in the coinmarket cap and before investing in any of the coins we need to check its responses and uses to identify the fake and useful coins.

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I use coinmarket quite a lot and I recommend everyone to do the same. before any investment or from idea creation. There should be searches and research that is essential to safety, risk avoidance and forged projects

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On 3/16/2020 at 5:41 AM, Ch Ayyan said:

You can avoid  fake currencies  in this  way.

* - Before investing in any currency you should for on this site (https://coinmarketcap.com) for currencies.

* -  Don't invest immediately, wait for sometime as fake currencies go up quickly and fall also immediately in few minutes.

 do you like my suggestions.  If you find it useful  give me good  reputation. 

Thank you my friend and sure your post is useful
We must be really careful before investing money in new cryptocurrencies because they are already unsafe

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Yeah, its really a good idea. Even in some online platforms its happening nowadays. I personally experienced in two mobile when i invested. Its showing some value in one phone and another in one phone at a same time this kind of fake things will be there  u should check it before u invest once. Thank you. 

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i think there is no fake currency in yobit, there are dead or trash coins but all of the crypto in yobit are legitimate. Yobit is not a scam based on my experience.

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There is no any fake coins on the yobit exchange because this site more legit and no other place for the fake cins. its trusted sites for tradings and earn more profit.

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You can found if it's fake when there are few people who are holding the coins especially new born coins. 

Much better to invest in most popular than investing in new coins with out enough knowledge about the history of new coins. 


 

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Yes, this is true, you must search before any investment, to search for and verify the currency that you will invest by visiting Coinmarketcap the best website to find out the prices and arrangement of these cryptocurrencies, i personally prefer to invest in known cryptocurrencies because I avoid losing money


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yeah i agree with you we can find legit coins and tokens in cmc but also think there is no fake coin in yobit exchange if there was adminstration would delist them but if afraid you can trade known coins like btc, trx , eth ...

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there are a number of currencies that only exist on Yobit, they may be ok for trying to trade for profit but generally make sure to stay away from them


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On 3/16/2020 at 6:41 PM, Ch Ayyan said:

You can avoid  fake currencies  in this  way.

* - Before investing in any currency you should for on this site (https://coinmarketcap.com) for currencies.

* -  Don't invest immediately, wait for sometime as fake currencies go up quickly and fall also immediately in few minutes.

 do you like my suggestions.  If you find it useful  give me good  reputation. 

Always check the Cryptocurrency in coin market cap to see if it is a legit one. Also don't invest all your money in one coin only because you may lose it all, like what they are saying, don't put all your eggs in one basket.

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You are right and if we add to this that we try to work with the most well-known cryptocurrencies and we also look for information in coingecko to supplement with coinmarketcap we can find the fake coins very easily 

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Posted (edited)

When you are getting into the market first take some research and knowledge about the cryptocurrency and the market valuation also about the investments that you were thinking to do first take all the detail related to this things that will be enough to get some idea about the fake currencies or an investment and surely it will going to work if you take it seriously.

Edited by Jimmy26

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Yes bro like as you said the fake Coins pump so easily and if we trade history we can know that bot is buying the coin and making fake pump and that could be known if same amount is being bought multiple times. So we should be safe from it as it makes complete loss for us.


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i think that the best way to catch a fake currencie and not be scammed is to be patient and just wait, look at market, look what other people do, look at forums, ask questions and after that you have to decide if that is real or fake coin. and you have to be carefull cause there are lots of scammers in chat boxes and forums to so always seek for proof of transactions and proof ot that currencies use.

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In order to discover the fake tokens in yobit, first if all you'll see those coins has large price change if the day, also you'll not see the buying order From those coins, but you'll only see the selling orders. 

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I never trying to invest in any currency in yobit Beacuse already i invest in Alisa coin and lost money there . I will never recommend to invest in any coin that newly launched in yobit trying to invest in top 10 Coin .


IMG_20201019_191345_968.jpg.3d86e5dbed4d7246accb2650f99b0347.jpg

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You are absolutely right mate.There are a lot of coin which are really like you said.They can increase 500% or more than that in just a few hours and also can decrease in such high rate.So as you said,you should look after a coin for sometimes before investing on it.

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Yes my friend I agree with you the most important step is to search for the coin in coinmarket cap so you will find its really market value and you can know if you can use it or not

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Yeah I agree with you at this point.Because you can't depend your entire investment on just fake currecny or coin.As you mentioned rather they go upside or fall down.So I think we should invest on other rather than fake coins.

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Actually the process is similar to finding fake ICOs. The best deal is to find the coin developers and verify their indentity or rather stick to open source coins. Being listed on coinmarketcap/coingecko doesn't already mean it's fully legitimate.


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21 minutes ago, Nicer216 said:

coingecko.com or coinmarket.com, it is two best sites, where you are able to find all information and authenticate fake and real currencies, and therefore here is a lot of analyze and another useful functions 

Being listed in an index as cmc and coingecko is not proof of a project being real. Too many scams were listed there. I don't know if you are active for many years with cryptocurrencies, but you should know that Bitconnect was also listed in the coinmarketcap index and if I remember correctly it managed to reach top-10 as well. It was always in the first page of this list anyway.

Do thorough research before investing in any coin and do not take anything for granted.

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3 minutes ago, BTC Future said:

Being listed in an index as cmc and coingecko is not proof of a project being real. Too many scams were listed there. I don't know if you are active for many years with cryptocurrencies, but you should know that Bitconnect was also listed in the coinmarketcap index and if I remember correctly it managed to reach top-10 as well. It was always in the first page of this list anyway.

Do thorough research before investing in any coin and do not take anything for granted.

Yep, it's not like they do any real research before listing coin in their website, both coingecko and coinmarketcap are just a website that list coins that are listed on exchanges and they are not responsible to do any research for you and I know many coins that exited scam while they were listed on those websites, so as a matter of fact the only person that should do research and make sure their investment is going to a legit project is you.

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Fakes cryptocurrency are always rampant in the community, this has cause much problem to many people that invest in them. So we need to be careful in those coins that we invested because we might come across fake coins

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My dear friend is there fake currency in yobit. I believe that yobit is a very genuine platform. But now my views are Are changed I should increase my survey. And check whether yobit has fake currency

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