95% fake volume :) - page 7. | Bitcointalksearch.org

South Park

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Quote from: akuser on April 01, 2019, 07:37:03 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.

ajaymukund

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Quote from: mayax on March 29, 2019, 11:48:42 AM

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

this shows the real image of BTC.
[/quote The exchanges are now fake volume to get the participation and trust of many investors. The bots have traded on their own and have created huge volumes every day. However, BNB is still exchange with the highest trading volume and 100% real. We should register and trade there, their security is pretty good.

mayax

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the market is VERY SMALL and it's not like the shit crypto media(propaganda) is presenting it.

linxinyuan

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Quote from: mayax on March 29, 2019, 11:48:42 AM

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

this shows the real image of BTC.

I believe this and at the same time bitcoin price predict growth.
Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019

sujonali1819

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Mainly fake volume in some exchange which is running bot all the time. Such type of one exchange is coinbene. The exchange is totally running their bot for increasing trading volume. When you want to sell a high amount of crypto you can not find enough buy order. Another one is exrates. this exchange also running bot all the time. You can not find buy order for selling token. But trade history shows huge amount of selling and buying.

pinoycash

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Quote from: mayax on April 03, 2019, 12:22:11 PM

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.

Supercrypt

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Quote from: samcrypto on April 01, 2019, 09:18:52 PM

There are some cases before where one of the Executive are being caught for the trading volume.

https://cointelegraph.com/news/south-korea-regulators-indict-three-upbit-employees-for-alleged-trade-volume-manipulation

This is one of the example of what I'm talking about, so I think most of the exchanges have their own hidden agenda to manipulate the trading volume. You have to believe on that exchanges you are using but never to put too much money on that because of uncontrolled wallet.

Seriously you are right, we should never put so much trust in them to leave our funds in their wallet, just like today, I was on one of the popular exchanges I have been using for a while now which I may not want to mention their name because they have not done this to me in the past.

But, I really don’t know what went wrong today as bitcoin was shooting high, as at the time BTC recorded $5000 and I rushed to my exchange to do some sweet trading, I got there and I found out that their own figure was still around 5000 and it took them hours before they could update it to the recent value, it was at this point I got the conviction that they are actually the ones controlling this figures.

mayax

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Fake volume = fake price

Ipwich

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Quote from: akuser on April 01, 2019, 07:37:03 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.

Exchanges is for trading, you can save your assets but it's not advisable, hacking is still happening in exchange as hackers know there's plenty of money in exchanges. They are faking to attract traders, and that is unethical, or possibly a crime as they are not telling their real volume.
We should stay away from sites that are faking volume, there's good exchanges out there, we should stay with them.

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Quote from: akuser on April 01, 2019, 07:37:03 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.

There are some cases before where one of the Executive are being caught for the trading volume.

https://cointelegraph.com/news/south-korea-regulators-indict-three-upbit-employees-for-alleged-trade-volume-manipulation

This is one of the example of what I'm talking about, so I think most of the exchanges have their own hidden agenda to manipulate the trading volume. You have to believe on that exchanges you are using but never to put too much money on that because of uncontrolled wallet.

akuser

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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.

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Quote from: freedomgo on March 31, 2019, 11:11:04 PM

Quote from: sedahan13 on March 31, 2019, 10:26:11 PM

Many exchange show fake volume to attrack new trader to use their platform, they use this for promotional material. When we see ranking of exchange according to trading volume on the coinmarketcap that thing show new exchange has higher trading volume than old exchange, so we should be looking for review of each exchange before use it.

Well, they do what they need to do, which is to attract traders.
There's harm for us traders not because it will affect our success rate but because we might loss our money in the future.
Being profitable even though they are faking the volume, seems like not an issue for us then.

For now, I still can’t fully understand how their actions will affect traders, trying to put one or two together but can’t seem to get one, I know what they are doing is quite wrong but just like you said, it is just s marketing strategy and I am sure them too are not willing to make it linger more because it will also affect their reputation.

So, I bet they will gradually correct the figure as they gradually get more and more volumes, we will not even notice it till the figure tallies with the real time statistic, exchanges manipulation is not even my issue, it is coinmarketcap figures that are mostly not real. The act was for what reason?

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Quote from: sedahan13 on March 31, 2019, 10:26:11 PM

Many exchange show fake volume to attrack new trader to use their platform, they use this for promotional material. When we see ranking of exchange according to trading volume on the coinmarketcap that thing show new exchange has higher trading volume than old exchange, so we should be looking for review of each exchange before use it.

Well, they do what they need to do, which is to attract traders.
There's harm for us traders not because it will affect our success rate but because we might loss our money in the future.
Being profitable even though they are faking the volume, seems like not an issue for us then.

sedahan13

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Many exchange show fake volume to attrack new trader to use their platform, they use this for promotional material. When we see ranking of exchange according to trading volume on the coinmarketcap that thing show new exchange has higher trading volume than old exchange, so we should be looking for review of each exchange before use it.

lovesybitz

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Quote from: mayax on March 29, 2019, 11:48:42 AM

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

this shows the real image of BTC.

Nowadays, for the opportunist people, nothing impossible for them to deceive others here. By making fake news especially in doing fake volume was easy for them to do it I guess. And according to what you had showed here it is obviously not the real image of Bitcoin as well.

1Referee

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Quote from: Mpamaegbu on March 31, 2019, 01:02:31 PM

Quote from: mk4 on March 29, 2019, 12:33:12 PM

It more of shows and confirms the real colors of those exchanges that fake their trading volume just to show up higher on the Coinmarketcap trading pairs and to show up higher on exchange rankings by trading volume.

This is saddening to say the least if these alleged manipulations are true. But what do you mean by the words I bolded and underlined in your sentence by the double use, almost conflicting in meaning. Could you throw more light on that?

What he is referring to is how exchanges are artificially inflating their volumes to gain a higher rank on CMC, which is by far the most popular market cap/exchange data site. Higher rank on CMC means you're more likely to attract new users, and with your (fake) high volumes you can demand a premium for coin listings on your exchange.

The same applies to coins listed on the first page (which consists of 100 coins) of CMC, because being listed on the first page means more exposure for you as coin. Search engines also work like that. How often do people click on the second and third page? Most people focus just on what they see on the first page.

People made CMC super popular to beging with, and now they complain about their way of displaying data? They have always been like this. Don't use something you don't like, it's that simple.

co5hike

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About the fictitious volume I think everyone knew without reports.Now there is an index for these exchanges together. (Bitwise Spot Volume Index) tradingview

Mpamaegbu

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Quote from: mk4 on March 29, 2019, 12:33:12 PM

It more of shows and confirms the real colors of those exchanges that fake their trading volume just to show up higher on the Coinmarketcap trading pairs and to show up higher on exchange rankings by trading volume.

This is saddening to say the least if these alleged manipulations are true. But what do you mean by the words I bolded and underlined in your sentence by the double use, almost conflicting in meaning. Could you throw more light on that?

Come to think of it, this will break the hearts of many to know that CMC is not as clean as we think of it by relying on its services.

Indamuck

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This has always been common sense to me. Until there are very serious regulations this kind of crap will continue. This is one of the ways people get suckered into buying shitcoins, they see millions of dollars worth of daily trading volume just to find out they purchased a coin that is very hard to liquidate.

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Quote from: mk4 on March 29, 2019, 12:33:12 PM

Quote from: mayax on March 29, 2019, 11:48:42 AM

this shows the real image of BTC.

It more of shows and confirms the real colors of those exchanges that fake their trading volume just to show up higher on the Coinmarketcap trading pairs and to show up higher on exchange rankings by trading volume.

They all think and know that the volume will give you higher ranking on coinmarketcap.
I noticed it before in may tokens listed on certain exchange. the buy and sell is not stopping though the walls are not moving.
Also, ICO team is part of this as they can also benefit on this as their daily volume will increase.

Topic: 95% fake volume :) - page 7. (Read 3326 times)