I really doubt this is happening to artificially inflate the number the volume of DGB.
And yes, you could do it all day if you wanted to, but if someone sees trades like this happening, and does some strategic trades while your bot is running, they could make you lose some money. It's not worth the trouble/risk.
It's way more likely that the volume of DGB has been high because the price spiked.
People would be more likely to try and pump/dump by the type of trade manipulation method you suggest than they would be to raise the trading volume for no reason.
said people are possibly being investigated as we ponder! I'm just saying this setup allows deceit and in the light of it, I'm not willing to guess coinfire accusations are unfounded.
So, if I understand you correctly...
They eliminated trading fees so they could artificially inflate their trade volume, so that more people would come and trade, so that they wouldn't make any money off of that trading because there are no trading fees.
Um, I'm not seeing the logic here...
No, I do not think you do understand me…
I’m not saying they did anything for any reason. What I am saying is that they have provided a tool for market manipulation (no fees.) to everyone now and one of the accusations that is being made against them is market manipulation.
But, I’m sure that they will still make money because they have a fee on everything that goes off the exchange and looking like they are very active and have more volume than they actually do will not harm them either.
I’m not letting my mind run off with all sorts of other possibilities because I simply don’t know. I have used Cryptsy for a good while now and have never personally had any issues, that they did not sort out with efficiency, with their service but for the time being I have removed my trade from their exchange while these accusations are followed up.
How does anyone know what the real volume of trade is on Cryptsy right now?
