Topic: Bithumb: Fake volume or not? (Read 302 times)
Same is happening now with XRP, except that CMC didn't delist bithumb for XRP, seems like they have some "personal definition" of price manipulation
Bithumb is the biggest local exchange which locate in Korea. Recently, most of the volume of bitcoin and bitcoin cash, as well as other cryptos, are extremely high here. The volume is somehow not true to me because I do not believe that Korean does care about crypto and the blockchain. What just happens? Do they become smarter?
Bithumb does not seem to be a reputed exchange.It allows zero fee trading.Also,it is said that it allows wash trading where simultaneous buying and selling of the same goods by the same person is carried out and price manipulation is heavily done.That might be one of the reason for increase in BCH price.Even coinmarketcap.com does not take its BCH price in to consideration.Right, CMC dilisted Bithumb prices for BCH early this day due to excessive manipulation by Pumpers. I have seen similar happening to EtherDelta many times when someone come and sell at very different prices. Same happened on Bithumb today, a group manipulated BCH prices throughout the day on it that resultant in fake volume and prices.
Bithumb is the biggest local exchange which locate in Korea. Recently, most of the volume of bitcoin and bitcoin cash, as well as other cryptos, are extremely high here. The volume is somehow not true to me because I do not believe that Korean does care about crypto and the blockchain. What just happens? Do they become smarter?
Bithumb does not seem to be a reputed exchange.It allows zero fee trading.Also,it is said that it allows wash trading where simultaneous buying and selling of the same goods by the same person is carried out and price manipulation is heavily done.That might be one of the reason for increase in BCH price.Even coinmarketcap.com does not take its BCH price in to consideration.
Bithumb is the biggest local exchange which locate in Korea. Recently, most of the volume of bitcoin and bitcoin cash, as well as other cryptos, are extremely high here. The volume is somehow not true to me because I do not believe that Korean does care about crypto and the blockchain. What just happens? Do they become smarter?
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