... listing on https://octaex.com
This exchange has 450 BTC daily, it's x10 times more than Tradesatoshi has!
This exchange has 450 BTC daily, it's x10 times more than Tradesatoshi has!
From what I can tell, 450 BTC looks unrealistic to me.
This exchange is new, has low user base, and such big volume seems fake to me.
I may be wrong of course, but there are more factors which raise my suspicion.
Time will tell...
-Tom
I think there are two types of exchanges.
A) Exchanges who have tons and tons of fake trades which in turn grabs attention and brings in real traders. Bitfinex, HitBTC, Binance, Bittrex and even Coinbase are notable ones. The US stock market functions in this matter, majority of the trades are bot trades, basically no fee trades that are fabricated between the real people's BIDxASK to create the illusion of huge volumes. IT is estimated that 90% of the US stock market https://www.bloomberg.com/news/articles/2017-06-15/it-s-a-quant-s-stock-market-as-computer-programs-keep-on-buying is bot trades, and I am not talking about bot trades that are between one bot from one institution with another bot from another institution actually doing automatic trades, I am talking about bots fabricating trades with no money or real trades happening in the background.
B) Exchanges who do not take have fake trading bot activity. Some of these are Tradesatoshi and Cryptopia where you can see zero volume and bid spread between bidxask with some altcoins. I typically trust those exchanges a lot more than the larger ones who could collapse like Cryptsy did back in the day.
