95% fake volume :) - page 6. | Bitcointalksearch.org

pinoycash

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Quote from: coin-investor on April 16, 2019, 07:38:12 PM

Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

Yobit, is very notorious in faking their volume and because of this they attract many investors in their platform, many exchanges are following this practice, it's actually an old practice and we don't know who among this exchanges are transparent in their volume.

They are the first exchange in my experience to see a massive volume inflation of exchange volume and the bad thing is they allow it to propagate to different coin project.

I just don't know today if they still allow such illicit practice on their exchange.

freedomgo

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Quote from: Ailmand on April 17, 2019, 11:14:36 AM

This has a negative effect on traders because they are just fooled despite aiming for a good profit. That's also the reason why I stopped checking on CMC because most of the information I see isn't reliable. Sometimes, it's their strategy to attract more traders and investors.

https://coinmarketcap.com/ provide the right information, only exchanges are not providing the right information.
Based on the link from OP, only 10 exchanges give real trading volume and the rest are faking, but it did not affect a lot on the entire trading volume as those who are faking their volume are just small exchanges, we know what exchange to trust, we should only trade with them.

The data that we see are not all accurate, hence it's necessary that we analyze it also.

coinluisa

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I see lot of exchange like this most of them are new exchange that use volume to make their exchange to the eyes of wants to trade. But if you enter to their exchange you will be disappointed so much better to use top 10 exchange than this exchanges that fake volumes.

playboy654

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Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

it is not our mistake there is no problem with this the fraud people make this changes country sale some things for their income but it will not standard for long time and we need to be more careful while choosing this type of things especially Bitcoin will be easily attracted by everyone

Ailmand

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This has a negative effect on traders because they are just fooled despite aiming for a good profit. That's also the reason why I stopped checking on CMC because most of the information I see isn't reliable. Sometimes, it's their strategy to attract more traders and investors.

Siren

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Quote from: stompix on March 29, 2019, 11:39:05 AM

Ohhh, springs, bears are coming out.....

But were on bear markets even before this,but ofcourse Fud is around the area

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I don't see anything shocking there, I always thought those volumes are fakes and I always said CMC, as well as the market cap indicator, is pure garbage.

Indeed CMC is a damn garbage indicator and only few are reliable

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I just hope people will stop trading on those shitty exchanges and stop looking at CMC and believing everything there.

I already stopped checking prices in CMC and i have deleted in my bookmarks

Quote

Add that contrary to those reports I think Binance is cooking the books big time also.

Binance on the other hand for me is much beter but ofcourse nothing specific

crzy

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Quote from: smyslov on April 17, 2019, 07:49:05 AM

Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

Old traders already know that there's a lot of manipulation going on in every exchange, some of them are inflating some coins, to make it attractive to investors and traders, if you want to know how they do it, better check Yobit, they always do it almost daily, even shit coins get a pump.

We already used to see exchanges like this and its really shit if you buy coins easily without realizing a fake volume. Traders are just riding the trend nowadays and they know well how the exchanges works. Newbies are usually the victim, FOMO are still in this market. I believe almost a 100% of price manipulation on Yobit, don't trust that exchange.

mersal

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Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

sometimes our carelessness also been easily attracted to different kinds of things without any type of basic knowledge all the times we don't trust the same thing so we need to watch carefully each and every step that we have to move that will the only way to restrict this type of things in our investment.

smyslov

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Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

Old traders already know that there's a lot of manipulation going on in every exchange, some of them are inflating some coins, to make it attractive to investors and traders, if you want to know how they do it, better check Yobit, they always do it almost daily, even shit coins get a pump.

BitHodler

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Quote from: Thanasis on April 16, 2019, 10:47:58 PM

DEX can be the long term solution to manipulation but for now we have to be aware of fake volumes manually by checking the trading history too deeper.

DEXs are not a solution to end fake volumes. It will grant any entity even more freedom to wash trade and make their DEX look liquid, while in reality it's just as empty as an exchange as Coinbene.

In terms of figuring out what exchange cheats and which one doesn't, just look at when they launched and their current volumes. If an exchange launched like 3 months ago and already have +$100 million in volume, then it's very likely fake.

Most of the exchanges we see generate hundreds of millions in volume have also very poor web rankings, which is another sign that they are cheating. The "solution" is to avoid using these exchanges.

RUDolfRednose

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Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

IT is so sed (

Thanasis

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Quote from: South Park on April 16, 2019, 05:08:22 PM

Quote from: Reid on April 10, 2019, 04:19:01 PM

And that is not new anymore.

How do they get away from it though. I want to see a discussion where our center will be questioning thing exchanges on why the hell there is no fine for doing bad things like this just for luring investors in their midst.
Perhaps they are connected with something that lets them do the evil job.

Well, they are all centralized so it wont be shocking anymore. Grin

Regardless of how centralized exchanges are able to manipulate the prices we have the solution for those problems and the solution is decentralized exchanges, once a decentralized exchange appears that can compete with its centralized counterparts we will see the slow disappearance of that problem and it will allow us to see what is the real interest in the market and how much money is really moving each day and it will allow us to tell if the adoption is really growing or not.

DEX can be the long term solution to manipulation but for now we have to be aware of fake volumes manually by checking the trading history too deeper.People find issues while using DEXs that is why they are not going for it even when they want too due to the price manipulation from CEXs.

coin-investor

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Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

Yobit, is very notorious in faking their volume and because of this they attract many investors in their platform, many exchanges are following this practice, it's actually an old practice and we don't know who among this exchanges are transparent in their volume.

Yamifoud

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Quote from: South Park on April 16, 2019, 05:08:22 PM

Quote from: Reid on April 10, 2019, 04:19:01 PM

And that is not new anymore.

How do they get away from it though. I want to see a discussion where our center will be questioning thing exchanges on why the hell there is no fine for doing bad things like this just for luring investors in their midst.
Perhaps they are connected with something that lets them do the evil job.

Well, they are all centralized so it wont be shocking anymore. Grin

Regardless of how centralized exchanges are able to manipulate the prices we have the solution for those problems and the solution is decentralized exchanges, once a decentralized exchange appears that can compete with its centralized counterparts we will see the slow disappearance of that problem and it will allow us to see what is the real interest in the market and how much money is really moving each day and it will allow us to tell if the adoption is really growing or not.

It is not new to us seeing exchanges either decentralized or not having fakes volumes. They are free to do it since there is no law that they are afraid of, only we could have to condemn their doings but not to the extend that they'll be imprisoned. As an investors or traders, we just keep on watch on this and to be sure to know the real situation of the market.

South Park

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Quote from: Reid on April 10, 2019, 04:19:01 PM

And that is not new anymore.

How do they get away from it though. I want to see a discussion where our center will be questioning thing exchanges on why the hell there is no fine for doing bad things like this just for luring investors in their midst.
Perhaps they are connected with something that lets them do the evil job.

Well, they are all centralized so it wont be shocking anymore. Grin

Regardless of how centralized exchanges are able to manipulate the prices we have the solution for those problems and the solution is decentralized exchanges, once a decentralized exchange appears that can compete with its centralized counterparts we will see the slow disappearance of that problem and it will allow us to see what is the real interest in the market and how much money is really moving each day and it will allow us to tell if the adoption is really growing or not.

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Quote from: Gaff on April 10, 2019, 05:18:54 PM

Quote from: South Park on April 10, 2019, 12:56:18 PM

Quote from: akuser on April 01, 2019, 06:37:03 PM

this might be a legalized way to increase trading volume.
can this be reported and is a crime?

I don't really believe in exchanges, although some people continue to convince me that exchange is the best place to save assets.

Whoever that said that to you doesn't know what he's talking about or he's lying to you, the purpose of an exchange is in its name, it cannot be more obvious than that, an exchange is a place where you convert your coins to other coins, saving your coins in the wallet of an exchange is a huge mistake because hackers are always trying to hack them and as we know they have been successful a number of times in the past and there is no reason to believe that this is going to stop.

I don't have a confidence yet to trust storing funds on trading sites, unless there's a great market that will become great again. The experience of putting my asset to danger 5 months ago cannot be explained, since likely I was having crucial days knowing that after withdrawing my funds from hacking incident occured few days after. In that case, trading volume was almost the concerns of every holders but first and foremost we need to consider those serious factors behind it.

It's been flooded around and they should be trying to fool people whoa are new into these. I've heard a lot of complaints about of being scam, losing their accounts but for us who decide to step in will be having a huge accountability of our funds and that is why we should be careful in putting up our money. We should be sure that, it is a legit one and so we can't blame ourself for any consequences happen after.

Gaff

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Quote from: South Park on April 10, 2019, 12:56:18 PM

Quote from: akuser on April 01, 2019, 06:37:03 PM

this might be a legalized way to increase trading volume.
can this be reported and is a crime?

I don't really believe in exchanges, although some people continue to convince me that exchange is the best place to save assets.

Whoever that said that to you doesn't know what he's talking about or he's lying to you, the purpose of an exchange is in its name, it cannot be more obvious than that, an exchange is a place where you convert your coins to other coins, saving your coins in the wallet of an exchange is a huge mistake because hackers are always trying to hack them and as we know they have been successful a number of times in the past and there is no reason to believe that this is going to stop.

I don't have a confidence yet to trust storing funds on trading sites, unless there's a great market that will become great again. The experience of putting my asset to danger 5 months ago cannot be explained, since likely I was having crucial days knowing that after withdrawing my funds from hacking incident occured few days after. In that case, trading volume was almost the concerns of every holders but first and foremost we need to consider those serious factors behind it.

Reid

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And that is not new anymore.

How do they get away from it though. I want to see a discussion where our center will be questioning thing exchanges on why the hell there is no fine for doing bad things like this just for luring investors in their midst.
Perhaps they are connected with something that lets them do the evil job.

Well, they are all centralized so it wont be shocking anymore. Grin

dunfida

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Quote from: pinoycash on April 04, 2019, 09:57:09 AM

Quote from: mayax on April 03, 2019, 11:22:11 AM

Fake volume = fake price

This more likely applicable to ALTCOINS when the project team starts pumping their volume so they can appear in CMC top gainers for the day.

This creates an illusion that the project is well traded and liquid. But when you check buy support its nothing but a thin line of support.

Most cases this would really be applied on Altcoins not on high volume coins.Most likely low volume ones would really be easily on being manipulated

which as said this do give out some hype for newbie investors to see the highest gainers of that particular time and not only that these fake volume do exist on
big exchangers as well to make up some noise.

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Quote from: mayax on March 29, 2019, 10:48:42 AM

https://www.coindesk.com/fake-volume-on-crypto-exchanges-isnt-the-half-of-it

this shows the real image of BTC.

yes this is lake cheating everyone with the usage of inexperienced people and we need to be very very careful while choosing an investment and exchanges because a simple letter will change your mind set to a different dimension and there will be a huge options for fraud.

Topic: 95% fake volume :) - page 6. (Read 3362 times)