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Author Topic: Scam Warning => HitBTC + ICO & IOU  (Read 462 times)

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Offline alamin

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Scam Warning => HitBTC + ICO & IOU
« on: July 09, 2017, 10:25:28 PM »
Nowadays everyone is sick of sudden pump and dump of ICO & IOU tokens at one of the major exchange, You are not allowed to view links. Register or Login. Suddenly a token is going to 10x of the official price and suddenly it drops below the official price. As example, TIX [Blocktix token] was added at 0.0013~ ETH per token and it went to 0.009+ ETH, then it suddenly fallen to 0.0008~ ETH per token. That's happening with every ICO and IOU tokens. For this incident only some people are making huge money and most people are losing everything. But what's behind those actually? There are 2 Probabilities:

1. HitBTC knows total ICO & IOU token supply because it's them who are lauching the market and also these tokens are not transferable. So they know [imagine an ICO token name ABC] total ABC supply is xxx amount, when people purchase and hold, they calculate how many tokens were sold and how many is remaining. So, when someone or some people get a large share, they know the total amount of their [people] holdings, then they [HitBTC] start dumping [I think they put 25% coin at the beginning and keep 75% to do this], so market crashes and when the crash is big, they buy again, so sometimes a little push we see. They start the cycle from the beginning.

2. The ICO companies also trade their own tokens and they try to make the price lower, so that when they buy back, they can get at cheap; also they even collect from the dumps and hold these.

So, the best thing is to avoid ICO and IOU trading at HitBTC and if you really want to buy a token, purchase it from the official website.


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HitBTC has added UET [Useless Etherium Token] market which is completely Useless scam token and has no value. UET tokens are not honest as written at their official website because these are not fix in total supply. They are continuously increasing. This is cheating, scamming. And this should not be allowed to be add in any exchange but HitBTC has added it. No limit of tokens and then why it is listed to fool investors?
UET official website: You are not allowed to view links. Register or Login
UET market at HitBTC: You are not allowed to view links. Register or Login

JSNIP4
said that stay away from HitBTC: You are not allowed to view links. Register or Login
« Last Edit: July 10, 2017, 07:47:34 PM by alamin »

Offline Micek

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Re: Scam Warning => HitBTC + ICO & IOU
« Reply #1 on: July 10, 2017, 02:33:58 AM »
Thanx for warning friend......
now it have some sense...
i was thinking something along this lines too myself
it realy is soo >:D >:D

Offline alamin

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Re: Scam Warning => HitBTC + ICO & IOU
« Reply #2 on: July 10, 2017, 01:28:18 PM »
Topic updated