Topic: 99% of Ethereum, Litecoin, EOS Volume is Likely Fake: Report (Read 214 times)
Sounds like not so reputable article. I agree, maybe even 30% volume are fake but not 99
Of course it is, but it's quite misleading to use coinbase chart as a reference. That's not one of the exchanges where the problem is. Most of the top exchanges in coinmarket have no liquidity and they are faking everything.
Agree. Coinbase is pretty good and they don't fake anything.
I'm not sure why people are so worried about reported volume. All that matters is whether your orders on the exchange you use get filled. If your order gets filled, it's liquid. If your order waits ages to get executed, it's not liquid, and it's time to find another exchange.
~
No doubt this will generate much controversy.
Or it will just be shrugged of as another inaccurate news just like other articles on the internet. No doubt this will generate much controversy.
Quote
But seriously, how true is this analysis?
Just like the title, the 
We can't identify fake volume, same like scam project or shit coins. Fake volume only can do by the owner of site, such us exchanges. But we also don't have proof about it so let's avoid new exchanges or with bad reputation. I'm not gonna wasting time research about fake volume but I'll try to avoid it depend my experience. Crypto is free product, safety and risk is our responsibility. Besides that if I found fake market with who I should report?
Obviously the writer and platform who keeps this fud is xrp allied. As what tk808 mentioned. NewsBTC is not a good source of news which has no significant content that only favor those they shill. Why the hell, xrp isn't on the list. These coins have a lot of manipulation on other exchanges and that's inevitable. Stats are always there but some arent true.
The falsified trading volume of the exchange is not without record. It is also an exaggeration that the forged trading volume of the exchange exceeds the total amount of the cryptocurrency. This is very exaggerated. The reason why the exchange forged the trading volume is estimated to attract new people to participate in the exchange. Would be even more counterproductive. Not conducive to the healthy development of the crypto industry, so I hope the exchange can change this situation.
bitcoin which already has a high price and a large community can still be manipulated by the popes. especially altcoin whose price is not as expensive as bitcoin. of course there is a possibility that the trading volume can be manipulated. and decentralized and anonymous cryptocurrency is very easy to manipulate. but as long as we can make good use of price fluctuations we can make a profit.
Volume and capitalisation - these two parameters are very strange and ephemeral I think. They may be changed dramatically in a minute! How can we think about it seriously? 
Most Exchanges fake liquidity yes but the honest truth is you dont know which one is doing that My guess is there is maybe 45% but 99 is way too much from my point of view If it were that then am sure we will more new and discussions on this
no wonder people sell all of that and choose btc back. but btc also have a fake volume, although,its doesn't matter i guess.
however,we cant avoid such thing like that on nowdays, too many exchange,and mostly they using fake volume to make attention for trader.
however,we cant avoid such thing like that on nowdays, too many exchange,and mostly they using fake volume to make attention for trader.
Create an analysis based on the data that comes from the single entity and that's a big shame for him and that article is a troll. It's better for him to visit all of the exchange sites directly and the methodology that already used by that guy to blame altcoin volume was 99% fake is a crap. There is fake volume but it's not so much like what already stated in the article.
it's better to throw newsbtc into the trashcan and then let this crap news site die caused by no visitor. Totally FUD article with clickbait title creates by the guy that is not having the capability.
it's better to throw newsbtc into the trashcan and then let this crap news site die caused by no visitor. Totally FUD article with clickbait title creates by the guy that is not having the capability.
NewsBTC is one of the worst crypto news sources there is. They continuously put out material that has no substance and typically is based on pure speculation and or opinionated
"experts" who also have no fucking clue about anything.
To make the situation even worse, NewsBTC are heavy shillers for XRP, which oddly enough, is primarily their content they put out and is absent from any content or the headline of this article. There's is little doubt that whomever is writing such articles has a clear bias or is in the pockets of Ripple.
Scrolling through their news will yield you with a similar depiction of this particular crypto blog; one of the worst there is in all this space.
By the way, I do agree with volumes being heavily faked and manipulated/wash-traded, even on Binance; but 99% is click-bait trash based on no concrete evidence other than a feelings, conjectures; with no concrete factual analysis or metrics being displayed.
Spam your garbage opinion articles elsewhere, truly a shame
"experts" who also have no fucking clue about anything.
To make the situation even worse, NewsBTC are heavy shillers for XRP, which oddly enough, is primarily their content they put out and is absent from any content or the headline of this article. There's is little doubt that whomever is writing such articles has a clear bias or is in the pockets of Ripple.
Scrolling through their news will yield you with a similar depiction of this particular crypto blog; one of the worst there is in all this space.
By the way, I do agree with volumes being heavily faked and manipulated/wash-traded, even on Binance; but 99% is click-bait trash based on no concrete evidence other than a feelings, conjectures; with no concrete factual analysis or metrics being displayed.
Spam your garbage opinion articles elsewhere, truly a shame
Actually I agree with this tbh. When I go there Im always spammed with ads
NewsBTC is one of the worst crypto news sources there is. They continuously put out material that has no substance and typically is based on pure speculation and or opinionated
"experts" who also have no fucking clue about anything.
To make the situation even worse, NewsBTC are heavy shillers for XRP, which oddly enough, is primarily their content they put out and is absent from any content or the headline of this article. There's is little doubt that whomever is writing such articles has a clear bias or is in the pockets of Ripple.
Scrolling through their news will yield you with a similar depiction of this particular crypto blog; one of the worst there is in all this space.
By the way, I do agree with volumes being heavily faked and manipulated/wash-traded, even on Binance; but 99% is click-bait trash based on no concrete evidence other than a feelings, conjectures; with no concrete factual analysis or metrics being displayed.
Spam your garbage opinion articles elsewhere, truly a shame
"experts" who also have no fucking clue about anything.
To make the situation even worse, NewsBTC are heavy shillers for XRP, which oddly enough, is primarily their content they put out and is absent from any content or the headline of this article. There's is little doubt that whomever is writing such articles has a clear bias or is in the pockets of Ripple.
Scrolling through their news will yield you with a similar depiction of this particular crypto blog; one of the worst there is in all this space.
By the way, I do agree with volumes being heavily faked and manipulated/wash-traded, even on Binance; but 99% is click-bait trash based on no concrete evidence other than a feelings, conjectures; with no concrete factual analysis or metrics being displayed.
Spam your garbage opinion articles elsewhere, truly a shame
That may be the case on some exchanges, however that is definitely false regarding many well known and established exchanges. For example, wash trading is not an issue at all on Binance or Kraken, which are my personal top two. But those are only two examples. Check out the "Blockchain Transparency Institute" @ https://www.bti.live/exchanges/?limit=500 where they have ranked and verified that exchanges have more or less genuine volume versus how much of their approximate volume is wash trading.
It is impossible to prove that volumes are fake with a report in this way. In order to prove this, it is necessary to access the internal data of exchanges.
I'm not sure how reliable it is. However, you can access both adjusted and reported volume data from Coinmarketcap.
For example, you can look for ETH here
Adjusted: https://coinmarketcap.com/currencies/ethereum/markets/
Reported: https://coinmarketcap.com/currencies/ethereum/markets/reported/
I can't believe that;
Reported;
TAGZ
ETH/BTC
** $702.366.903
I'm not sure how reliable it is. However, you can access both adjusted and reported volume data from Coinmarketcap.
For example, you can look for ETH here
Adjusted: https://coinmarketcap.com/currencies/ethereum/markets/
Reported: https://coinmarketcap.com/currencies/ethereum/markets/reported/
I can't believe that;
Reported;
TAGZ
ETH/BTC
** $702.366.903
There have been many reports about fake volumes regarding new or struggling exchanges last year as well and as far as i remember among the renowned exchanges hitbtc, probtc and p2pb2b etc were the exchanges that had been representing fake volumes but i am sure there are dozens of other exchanges as well that are doing the same, i think this practice should stop and exchanges should be responsible.
Of course it is, but it's quite misleading to use coinbase chart as a reference. That's not one of the exchanges where the problem is. Most of the top exchanges in coinmarket have no liquidity and they are faking everything.
Here is the news:
99% of Ethereum, Litecoin, EOS Volume is Likely Fake: Report
More details can also be found here: https://medium.com/swlh/how-to-better-estimate-bitcoins-true-trading-volume-by-fiat-currencies-and-against-altcoins-41623ddc9827
No doubt this will generate much controversy. But seriously, how true is this analysis?
99% of Ethereum, Litecoin, EOS Volume is Likely Fake: Report
More details can also be found here: https://medium.com/swlh/how-to-better-estimate-bitcoins-true-trading-volume-by-fiat-currencies-and-against-altcoins-41623ddc9827
No doubt this will generate much controversy. But seriously, how true is this analysis?
Jump to: