Author

Topic: Access to Insider Information? (Read 1511 times)

legendary
Activity: 1442
Merit: 1025
May 10, 2017, 03:20:49 PM
#18
This exists in Crypto Trading and in any other place of Trading. Powerful men have access to informations before others do. They have extra advantages and that is one reason for the perfect success of some guys. It's corruption, it's wrong, but it exists and I think it's an unfair market, you can't expect much honesty from trading dealers, most of them. If you can't accept it, find another way to make money.
That is the reason we are often seeing rapid rises and then sudden fall. I guess people are into this kind of behaviors without considering the basic human values and morals. I personally had ignored such offers which were actually asking me to pay some fee for finding access to insider's information, honestly I rejected them without responding.
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
May 10, 2017, 01:18:06 PM
#17
This exists in Crypto Trading and in any other place of Trading. Powerful men have access to informations before others do. They have extra advantages and that is one reason for the perfect success of some guys. It's corruption, it's wrong, but it exists and I think it's an unfair market, you can't expect much honesty from trading dealers, most of them. If you can't accept it, find another way to make money.
full member
Activity: 157
Merit: 100
May 10, 2017, 12:38:55 PM
#16
You can better all your BTC that every single crypto exchange does inside trading  Cry
hero member
Activity: 714
Merit: 501
May 05, 2017, 09:47:35 AM
#15
for majority of the altcoins that is a real thing, specially for the top 10 altcoins it is deffinitely a thing, because those coins attract big pumping groups and most of them are whale controlled anyways. but smaller coins are open to anybody to pump and make profit.

it is a dirty market in my opinion and i can say it is even considered illegal in many jurisdictions. but there is nothing we can do about it. we just have to accept the dirty tricks and try to adapt our strategies to match the different market, a manipulated market.

one thing is for sure though, we (as regular users) will never have any kind of access to insider information and even if you heard somewhere about "leaking insider information" just turn around and run away, that is a trap.
legendary
Activity: 3080
Merit: 1353
May 05, 2017, 08:33:16 AM
#14
Insider trading in stock market is considered to be illegal and can land a person in jail if proven in the court for engaging in the said activity. It is because this can be unfair to the investing public who can possibly lose some money in the process if the information can have a negative impact to a certain stock.

In the cryptocurrency world, I can feel that there are those who are engaging in insider trading. There are those who are having access to secretive information either pro or against a certain coin and hence one can use the information either to buy more coins or to immediately sell the same both actions can lead to profits or at least cut possible losses.

What is your view on insider trading in the new and revolutionary crypto market?

I think this has been might have been practice before when China is still the dominant force behind the bitcoin market. I remember prior to the PBOC scrutinizing Chinese Exchanges OKcoin, Huobi and BTCC. And they are all aware prior to PBOC announcement going into public, we saw the price of going from well above $1000 to sub $900. I speculate that these exchanges collaborate which each other to pull the price. Its a fraudulent practice but its hard to really pinpoint who are really behind all of this.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
May 05, 2017, 03:25:27 AM
#13
I don't think that there's much of insider trading aside of very esoteric inner circles within the crypto community. With altcoins, you'd have to be close to the dev team, but even if that's the impression you're getting altcoin devs could be pretending to try and pump their coins.

At least in the case of very major altcoins like LTC and ETH it's become well known that devs profited greatly by knowing the  future developments in advance but we don't know who else they informed about this in order to speculate at the expense other traders.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
May 05, 2017, 03:21:09 AM
#12
I suspect tons of insider trading going on.  For example look at the charts before major news.  I.e. the dumpings before polo delistings and accumulation before listings.

well part of it is always a public knowledge. for example exchanges delist coins that are dead or are not generating them enough profit. and you can see this on the charts and by simply looking at the history of trading volume. but that doesn't warrant a pump though.

the same goes for listing. coins that are good, for example a new coin that has been performing well enough and has a high daily volume will definitely be added to more exchanges sooner or later and accumulation is usually easy to spot on the charts.
legendary
Activity: 966
Merit: 1006
May 05, 2017, 03:21:07 AM
#11
I suspect tons of insider trading going on.  For example look at the charts before major news.  I.e. the dumpings before polo delistings and accumulation before listings.
Yes you are right, recently polo added gnosis which was privately funded by few millionaires. And i think polo have also invested in it, they announced they will list them a long time before listing it, which is not how they used to list other coins before.

I think this is one of the example of insider trading.  Angry
newbie
Activity: 14
Merit: 0
May 05, 2017, 01:38:47 AM
#10
I suspect tons of insider trading going on.  For example look at the charts before major news.  I.e. the dumpings before polo delistings and accumulation before listings.
legendary
Activity: 1792
Merit: 1283
May 04, 2017, 05:30:27 PM
#9
I think that it would be really hard to convict someone for insider trading with crypto-currency.
How would you even go about defining what insider trading is?

Developers wouldn't even be allowed to hold some of the cryptocurrency that they're working on if the laws were similar to those of stock trading.
legendary
Activity: 3052
Merit: 1188
May 04, 2017, 03:29:44 PM
#8
There is nothing like legal or illegal in crypto trading.
But within a regulated exchange we can file case against trading manipulation but it would be hard for proving with solid evidences. There were cases against exchanges for trapping traders, but easily broken by respondents.

Access to insider information may not be true, just imagine yourself as a dev of an altcoin, already altcoins are being dumped over time then why you need to invite some stranger to dump your own product.
legendary
Activity: 994
Merit: 1000
May 04, 2017, 01:16:13 PM
#7
What is your view on insider trading in the new and revolutionary crypto market?
There is no way to punish any crypto trader who are doing insider trading and it will be quite hard to find them out.

I have seen several pump group and whales club but i don't think any of them are legit groups.


There is nothing like legal or illegal in crypto trading.
legendary
Activity: 1232
Merit: 1029
May 04, 2017, 12:51:43 PM
#6
There is no authority thanks to decentralization to regulate and be able to prosecute such people/ devs/ whales.
This is a free market and everyone are free to choose, they are free if they want to donate their money to others.
You can't control stupidity.
I guess even in the centralized systems, it will not be possible to control/prevent this kind of manipulations because when traders themselves forming some big group in order to take control of some stocks, I guess they will be finding the loophole in legal issues to make these in favour of them.

Greedy investors not caring about other people deserve to lose their money.
It would be hard for investors/traders to find differences between the real potential and interpreting charts for entering into trading. When traders just going along with the technical analysis, they get trapped by these kind of inside information.
full member
Activity: 195
Merit: 100
May 04, 2017, 12:36:43 PM
#5
Good luck with that!
Crypto should be replaced with insider information, 99% of crypto currencies are based on taking advantage over the majority.
Billions Axcapital and dramas regarding this topic Cheesy
There is no authority thanks to decentralization to regulate and be able to prosecute such people/ devs/ whales.
This is a free market and everyone are free to choose, they are free if they want to donate their money to others.
You can't control stupidity.
Greedy investors not caring about other people deserve to lose their money.
Well, if the investor is already a bride, it's also one to call him and it's a bit difficult. Greedy person will not invest in different projects their money.
hero member
Activity: 924
Merit: 506
May 03, 2017, 03:10:03 PM
#4
Good luck with that!
Crypto should be replaced with insider information, 99% of crypto currencies are based on taking advantage over the majority.
Billions Axcapital and dramas regarding this topic Cheesy
There is no authority thanks to decentralization to regulate and be able to prosecute such people/ devs/ whales.
This is a free market and everyone are free to choose, they are free if they want to donate their money to others.
You can't control stupidity.
Greedy investors not caring about other people deserve to lose their money.
legendary
Activity: 1176
Merit: 1024
May 03, 2017, 02:47:51 PM
#3
Insider trading in stock market is considered to be illegal and can land a person in jail if proven in the court for engaging in the said activity. It is because this can be unfair to the investing public who can possibly lose some money in the process if the information can have a negative impact to a certain stock.
Manipulating market is that big crime ? I do not think it will be feasible to prove about such activity based on insider information. Traders will claim that they had made decisions on their own analysis.

Personally I feel having insider information will be quick short cut for making big profits but I am not getting any of them so far. Probably people who are in touch with devs may get those updates. Still I doubt why they need to leak out about their manipulation for free of cost.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
May 03, 2017, 05:25:51 AM
#2
Insider trading in stock market is considered to be illegal and can land a person in jail if proven in the court for engaging in the said activity. It is because this can be unfair to the investing public who can possibly lose some money in the process if the information can have a negative impact to a certain stock.
and yet it still happens!

In the cryptocurrency world, I can feel that there are those who are engaging in insider trading. There are those who are having access to secretive information either pro or against a certain coin and hence one can use the information either to buy more coins or to immediately sell the same both actions can lead to profits or at least cut possible losses.

What is your view on insider trading in the new and revolutionary crypto market?
of course it is a part and parcel of altcoin market. that is how they pump and dump the coins. that is how they reach a coin worth $100. it is a filthy trick but it happens and there is nothing we can do about it apart from either staying away from an unfair market or take advantage of the situation and fill our pockets if we can notice the signs of a pre-pump period.

and it is worth mentioning that any group (like pump groups) that claim to have insider information and offer to give it away for free or for a fee, are scams who want to make money out of those who fall for it and join them.
hero member
Activity: 490
Merit: 501
May 03, 2017, 04:47:53 AM
#1
Insider trading in stock market is considered to be illegal and can land a person in jail if proven in the court for engaging in the said activity. It is because this can be unfair to the investing public who can possibly lose some money in the process if the information can have a negative impact to a certain stock.

In the cryptocurrency world, I can feel that there are those who are engaging in insider trading. There are those who are having access to secretive information either pro or against a certain coin and hence one can use the information either to buy more coins or to immediately sell the same both actions can lead to profits or at least cut possible losses.

What is your view on insider trading in the new and revolutionary crypto market?
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