Cryptocurrency Exhanges - South Korea - page 2.

crwth

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Quote from: mirakal on February 16, 2019, 09:54:58 PM

Quote from: Kez1817 on February 16, 2019, 07:17:25 PM

We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.

Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange.
It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one.

This could also be the reason why some people don't really want to consider Bitcoin or any other cryptocurrency with value. Checking out the ETF stuff that surrounds Bitcoin and wanting it to be used as a traded fund would be mutually beneficial for cryptocurrency users and the people who want to get in it. Maybe things to consider on why it's not being approved is because they are scared of the future and what could happen.

mirakal

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Quote from: Kez1817 on February 16, 2019, 07:17:25 PM

We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.

Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange.
It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one.

Kez1817

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We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.

BUK2016

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Well that will a good development to the crypto currency community in south Korea and they should be prosecuted according to the law of the land. One need to be very careful of exchange that should put his or her money into so as not to fall into this type of exchange company.
Note:
Creeps your avatar need to be change to updated one by your campaign manager.

finaleshot2016

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Well, this kind of issue was also happening in the EU/west not just only in south korea. Also, exchanges that popped out from nowhere was also doing this kind of method and there's a transaction/negotiation between a project and exchange platform. They might fooling us for many months waiting for the exchange but actually they're finding an exchange that will help them to fool the participants of the projects. Everytime the distribution and listing keeps extending, they're just being shady af.

Quote from: Crypdon on February 16, 2019, 06:15:19 PM

It's not just fake volume that south korean exchanges are suffering from, it is the continuous hack attacks from their northern neighbours. Better to stick with huobi and kucoin as alternatives to binance

I thought they have an agreement to each other? Why there's a continuous attack from north?

Kucoin is the best exchange from me, a trustworthy and truthful exchange site. Unlike with DEX that has no volume and unknown ex., they just work for money, not in the development of cryptoworld. I hate scams.

Crypdon

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It's not just fake volume that south korean exchanges are suffering from, it is the continuous hack attacks from their northern neighbours. Better to stick with huobi and kucoin as alternatives to binance

entebah

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I see great progress happening in South Korea, because the Korean government has legalized Cryptocurrency in its country, and now there are many large exchange markets from Korea, and they have many traders there, so the Korean market always has large trading volumes every day.

Shiversnow

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Quote from: babarian on January 25, 2019, 08:33:23 AM

I have lost several times because I made a deposit on the exchanger that made a volume of fake trading and traders with bots, this made me lose because I had to do WD and have to pay a withdraw fee.

As of now many exchanger make an fake volume in order to attract more investors and trader that will put their money to their exchanger. I also a experience that situation where I lost some of my funds. Most of the project right now are exchanger so it's hard know if they have reliable volume or they use bot.

fauzan Ichsan

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Quote from: biskitop on February 13, 2019, 04:11:07 AM

I'm sure one by one the country will start receiving crypto, and crypto will grow. so believe that the crypto market will always be good.

now is the selection of crypto users, many believe, but many who are impatient waiting for high prices come. until finally many countries will follow in the footsteps of South Korea

biskitop

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I'm sure one by one the country will start receiving crypto, and crypto will grow. so believe that the crypto market will always be good.

wahyu wida

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Quote from: jademaxsuy on January 26, 2019, 09:30:41 AM

Quote from: Kopyleft on January 22, 2019, 10:38:37 AM

It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes.
Try to compare trading volumes with market capitalization and also check up recent orders and trades.

Which means that dex where far better than centralized exchange? I know that decentralized exchange were far better than centralized but in terms of market cap volume then I think DEX does not have this though there are dex now had gone some good marketcap volumes like those known dex.

regardless which one is better, I think that way, but now even though a decentralized system including the development of smart technology still cannot be applied as a whole, there are still many who cannot yet accept it

mirakal

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Quote from: jademaxsuy on January 26, 2019, 09:30:41 AM

Quote from: Kopyleft on January 22, 2019, 10:38:37 AM

It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes.
Try to compare trading volumes with market capitalization and also check up recent orders and trades.

Which means that dex where far better than centralized exchange? I know that decentralized exchange were far better than centralized but in terms of market cap volume then I think DEX does not have this though there are dex now had gone some good marketcap volumes like those known dex.

In terms of volume transparency I guess, but one thing that make people continue to support centralized exchange is because of trust.
They trust a centralized exchange because in the event the site is hack, they know who they can go after, also for some centralized exchange, they can apply for an insurance for the amount money they are holding within, correct me if I'm wrong.

jademaxsuy

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Quote from: Kopyleft on January 22, 2019, 10:38:37 AM

It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes.
Try to compare trading volumes with market capitalization and also check up recent orders and trades.

Which means that dex where far better than centralized exchange? I know that decentralized exchange were far better than centralized but in terms of market cap volume then I think DEX does not have this though there are dex now had gone some good marketcap volumes like those known dex.

mirakal

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Based on the article, "The two reportedly earned $45 million from the scam", they get a decent money but they are not smart to end up in jail. They have the power to do it since they are the officials of the exchange, they can control it, we know this is happening but this is a good news because the government is working hard to implement the law regarding crypto.

The effect of this news in the market is good, because it will boost the confidence of the investors as they see the government agency are already working to battle this kind of illegal activity. Moreover, this is also a good warning for people who are in power planning to do this kind of crime.

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I see some exchanges originating from South Korea seem to have very large volumes and this shows that the exchange in South Korea is getting very good legality and support from the country, although there are a lot of price manipulations that occur but this shows data on place volume the exchange was very high.

creeps

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Quote from: usorin on January 25, 2019, 05:17:32 PM

I believe that Mr. Satoshi did not has this kind of things in his mind when he made the BTC white paper. As lșong as the decision of the judge is legal, i totally agree that the kind of people who simply try to make illicit fortune has to be punished.

Of course we only realize things if its already there and Mr. Satoshi didn’t anticipate that many greedy people will take advantage this system to scam people. Yep, more regulations will happen and for sure more hackers/Manipulators/Scammer will be punised, this is inevitable and we really need to protect this market.

adzino

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Manipulation isn't a new thing in crypto currencies. Nor is it a isolated event at South Korea. The prices has been manipulated various times and we were also able to see it clearly. Exchanges also manipulating the trade volume isn't a new thing. This has been happening ever since the beginning. There isn't much we can actually do to be honest. We just need to watch out and understand what is real and what is not.

Crypdon

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These executives are a disgrace to crypto. They are just like the scammers but they do it in the public eye. They should now bow and apologise to us all for behaving like the horrible bankers that we are trying to get away from

khufuking

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A lot of the coins that get listed these days are being fake traded on the exchanges they are listed on with a goal to great a volume to support their coin I have experienced this with come tokens recently and the fake trades can be spotted very easily by anyone that will try to trade this tokens because I am not an expert but I still managed to spot it with ease.

usorin

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Quote from: creeps on January 22, 2019, 09:46:42 AM

South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea.

This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume.

https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/

I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange?

Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that.

I believe that Mr. Satoshi did not has this kind of things in his mind when he made the BTC white paper. As lșong as the decision of the judge is legal, i totally agree that the kind of people who simply try to make illicit fortune has to be punished.

Topic: Cryptocurrency Exhanges - South Korea - page 2. (Read 561 times)