it's not really true...
if i m bot and buy 2 btc of sigt from my bot friend .. volume increase of 2 btc but
if my friend bot sell 2 btc the volume drecrease of 2 btc..
so or this bot like to play at this game all day, and that means the scam you proclaim don't work or you are not right
Wow. Just. Wow.
That is a stunning display of ignorance. Truly stunning.
If A sells 1BTC worth of SIGT to B and then B sells those 1BTC worth of SIGT to A then the trading 'volume' will show two trades with a total value of 2BTC.
I don't think I can make this any simpler to understand.
yuo right..
so this "scam" it losing all in fee? if as you say the volume is fake?
No this scam is not losing their money in fees, because in amongst the 30+ bitcoin in fake hand-to-hand bot trades will be some newbies actually believing the lies promoted by the scammers and buying some of those coins thinking it will 'moon' and make them rich. The coins they are buying will be coming from the people operating the trading bots. The trading bots keep the coin price artificially high so that they can offload their bags to newbie buyers at the highest price possible.
As well as simply being able to fake daily volume and trading activity, in order to con people into believing it is a legit coin, the scammers routinely will attempt to profit from faking a sudden surge in interest off the back of false 'industry interest' posts and talk of how the switch to PoS will result in an increase in price, with plenty of sock-puppet posts pretending to be users voicing their excitement at such 'news'.
Invariably the pump is short-lived, with any price increase on the market allowing them to offload more SIGT in return for BTC and, when the price drops back down, they can choose where to set the 'bottom' for their bots and, in some cases, will buy some more SIGT at the lower price with the intention of selling them off again on the next fake pump.
When the 'dev team' controls what you 'know' about this coin and what you believe it to be, they can keep this charade going for as long as they want until, eventually, as *will* happen, the newbies stop buying their constant lies and hype and start trying to sell off their own coins, causing a final crash in the price as the scammers switch the bots off and exit out of the market through dumping whatever they can on to it.
Then they will move on to hyping another 'innovative' clonecoin under new forum accounts and repeat the whole thing again.
That is the scam. That is what pump-and-dump means.