Topic: Do we too contribute to price manipulation by storing our bitcoins in exchanges? (Read 364 times)
September 12, 2018, 06:00:39 PM
Most of the people encourage to not store the coin in exchanges is because of the security reason, I had heard a few times that there are exchanges that used the users coin to trade without their acknowledgement, but its only happened with the unpopular exchanges, so I don't think by storing coin in exchanges we are contributing to the manipulation price
September 12, 2018, 05:51:29 PM
good advice, I agree with you, the new news today is that hackers sell pundix at the etherdelta exchange for free, some hacking in the etherdelta exchange makes Esther reputation worse.
I think some of today's exchanges are not safe.
I think some of today's exchanges are not safe.
September 12, 2018, 05:43:37 PM
In a way, we've unconsciously contributed to the market manipulation on an exchange-level, but with the current regulations set in place to combat the said phenomenon, I can say that manipulation is somehow lessened or discouraged through it. However, manipulation is still a huge issue for bitcoin and the crypto market in general, and the only thing current regulations prevented are exchanges participating in the said manipulation but not those traders who are actively controlling the market.
Keeping coins in an exchange is an issue of security rather than manipulation IMO, though it has been hinted that exchanges use these deposited coins to make some form of fake volume and depth to make it look like something's happening so it could still be possible.
Keeping coins in an exchange is an issue of security rather than manipulation IMO, though it has been hinted that exchanges use these deposited coins to make some form of fake volume and depth to make it look like something's happening so it could still be possible.
September 12, 2018, 05:31:36 PM
We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.
But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
Where you hold your coins makes no difference when it comes to the volatility or the manipulation of the price, the reason this is recommended is because exchanges are the target of hackers and if they find a way to penetrate the security system of the exchange then the coins of thousands of persons are at risk, something that is not true if you are the one holding your coins in your own wallet that you control.But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
Also I will not worry too much about what you're doing to contribute to the volatility of the market because no matter what you do or you don't do you are a participant of it, for example people blame traders for the ups and downs of the market, but people also blame the whales that hold their coins because that makes the market more unstable.
September 12, 2018, 03:43:46 PM
That's OK for holders to move all coins from exchangers to wallets, but what should traders do? They need coins in a short touch to manipulate with them on every price's change, it is going to be to expansive and too long for wait to send coins to the wallet and back when its needed. Don't you think so?
September 12, 2018, 01:50:44 PM
Well, the Bitcoin users themselves invest with the mentality to even lose their amount. Jacking has now become inevitable and every user is aware of it. And as far as storing coins is concerned , we do it only to keep them ready for any instant exchange. Keeping in wallet is safe, but I wouldn't really suggest keeping all of the amount in the wallet.
September 11, 2018, 12:03:15 PM
Before I was thinking the best way to store coin is exchange simply because if anything happens to your coin, exchange will be the one responsible as it is done in fiat bank. But I realized that it is not so. Even exchange itself it is not safe.
September 11, 2018, 11:57:50 AM
I think this is not right for all exchanges available in the market. I think small or less promising exchange platforms tend to do market manipulation using our Bitcoin. Besides it is hard to avoid exchange platforms
September 11, 2018, 11:44:25 AM
Yeah I really agree with statement. Considering any situation market I think the best thing to store coins is the wallet or personal wallet. And I think using exchange platforms by us allow them to do anything they want
September 11, 2018, 11:16:35 AM
You have pointed out a very good factor. I also believe we are responsible by storing our earned or bought coins on exchange platforms and make them able to manipulate the market for us using our coins
September 09, 2018, 04:06:11 PM
on the off chance that a trade were controlling costs then they wouldn't require your bitcoins to do it, they will do it with or without them. in the event that you don't trust me investigate Yobit. they are controlling cost of no less than several altcoins consistently. they needn't bother with anybody to have any stores there, it is an incorporated shut database which they can enter anything into. for instance you can see they are pushing the volume up counterfeit, they put heaps of purchase arranges in the history again phony and push the cost up by avoiding the offer requests and phony pumps. all phony and without spending anything.
September 09, 2018, 03:42:17 PM
We do this to safeguard our bitcoin and not necessarily to manipulate price. Keeping your coins in exchanges is not secure mostly because the exchanges can pack up and you are not sure of recovering your coins.
September 09, 2018, 03:30:53 PM
Intriguing thought.. I think I we are blameworthy no less than a bit by giving so much crypto and influnce to such a little gathering of People. It is excessively immense allurement for a typical people. What's more, obviously they have a considerable measure of approaches to control with details on their trades and May be gap advertise.
September 09, 2018, 03:28:09 PM
storing bitcoins with an exchange as a balance MOST would think does not affect the manipulation. because a exchange balance.. is not the same as a market order or trading. (custody vs trading are separate services/databases)
SOME think that the manipulations are done by the exchanges themselves by 'borrowing reserves' to do ghost trading.
i feel that all the exchange inside traders playing with reserves to ghost trade have now exited the community with their "we been hacked" retirement plans
though i still think if your hoarding more than your afraid to lose in an exchange, just hoarding it as a custodian(bank) service. get it out
SOME think that the manipulations are done by the exchanges themselves by 'borrowing reserves' to do ghost trading.
i feel that all the exchange inside traders playing with reserves to ghost trade have now exited the community with their "we been hacked" retirement plans
though i still think if your hoarding more than your afraid to lose in an exchange, just hoarding it as a custodian(bank) service. get it out
September 09, 2018, 01:46:56 PM
I do not think we and many others here have a big enough intervention to affect the price of the market. People who can make a big investment can affect, but not a lot of people we can reach.
September 09, 2018, 01:39:51 PM
Market manipulation has been a trend to most of the whales. When we talk about exchanges manipulating altcoins there's a huge possibility but when it comes to bitcoin manipulation, I guess billions of dollars are needed to do that and its very risky. There are lots of exchanges that are running nowadays and I'm pretty sure that they won't take some risks of manipulating bitcoin values.
September 09, 2018, 01:35:29 PM
Interesting idea.. I think i we are guilty at least a bit by giving so much crypto and influnce to such a small group of People. It is too huge temptation for a normal people.
And of course they have a lot of ways to manipulate with stats on their exchanges and May be hole market.
And of course they have a lot of ways to manipulate with stats on their exchanges and May be hole market.
September 07, 2018, 02:53:34 AM
if an exchange were manipulating prices then they wouldn't need your bitcoins to do it, they will do it with or without them. if you don't believe me take a look at Yobit. they are manipulating price of at least a couple of altcoins every day. they don't need anyone to have any deposits there, it is a centralized closed database which they can enter anything into. for example you can see they are pushing the volume up fake, they put lots of buy orders in the history again fake and push the price up by skipping the sell orders and fake pumps. all fake and without spending anything.
September 07, 2018, 02:48:07 AM
We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.
But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
That could not be true. How can they use it if you still can avail it? They wouldn't do that if they know that their exchange will be in a lot of trouble since they can have my profits by getting fees from customers.
September 07, 2018, 02:39:42 AM
We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.
But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.
So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.
Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.
Why would exchanges use our crypto to do trades without our knowledge? Of course that I would not advise anybody to keep their coins on exchanges but I don't see to be the case. I mean if they wanted to manipulate with prices they could simply add fake trades and fake volume on their exchange. As we already know that is stored on their servers so that they could easily lie about it and get away with it. Nobody can check the truth of information unless you are working for them and have knowledge of shady things that particular exchange might do.
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