Topic: End of FAKE volume reporting (Read 13667 times)
Coinmarketcap and exchange have teamed up to prevent fake volume from happening. And in the future you will see more rules to make future investment participants much safer
I have experienced it on Etherflyer Exchange. I was fooled by fake volume and trading bots that didn't make sense.
it was very disappointing for me and of course the other traders with the fake volume on the data displayed on the exchanger or on the website that provides detailed information about trading an altcoin on an exchanger.
it was very disappointing for me and of course the other traders with the fake volume on the data displayed on the exchanger or on the website that provides detailed information about trading an altcoin on an exchanger.
I think as a trader it is important to stay on an exchange that very well established.
Binance and Bittrex are really good, even if the volume that they are reporting is fake, it is still high enough on most trading pairs for you to be able to buy and liquidate without trouble.
I have experienced it on Etherflyer Exchange. I was fooled by fake volume and trading bots that didn't make sense.
it was very disappointing for me and of course the other traders with the fake volume on the data displayed on the exchanger or on the website that provides detailed information about trading an altcoin on an exchanger.
it was very disappointing for me and of course the other traders with the fake volume on the data displayed on the exchanger or on the website that provides detailed information about trading an altcoin on an exchanger.
They should, it's their responsibility to provide correct figures to the people, maybe they just don't want to make things complicated on their part and they don't do much verification on their part.
I'll try coingecko, I accessed it every once in a while but I still use coinmarketcap most of the time, I'll try to explore it more.
Thanks for sharing this.
yes, CMC and COINGECKO are the sites I see most often to determine the assets that I will trade on a daily basis. maybe trade manipulation makes a lot of daily traders trouble. but I have believed in just a few exchanges for my daily trade. I'll try coingecko, I accessed it every once in a while but I still use coinmarketcap most of the time, I'll try to explore it more.
Thanks for sharing this.
Fake volume is causing the incompetence of the coinmarketcap. They have the power, and they can easily make exchanges stop doing that which they are not doing. They announced an alliance against it but still not working.
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.
I think this is the next step in crypto for further development.
There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
I think this is the next step in crypto for further development.
There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Coinmarketcap should really take this seriously. Its a pathetic sight when you log into to view rankings and you see dobitrade, coinbene, HotBit and Bilaxy as top 50 exchanges, sometimes top 20. It's ridiculous and I now rather use coingecko where I can get a more sensible result on exchange trade rankings
They should, it's their responsibility to provide correct figures to the people, maybe they just don't want to make things complicated on their part and they don't do much verification on their part.
I'll try coingecko, I accessed it every once in a while but I still use coinmarketcap most of the time, I'll try to explore it more.
Thanks for sharing this.
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.
I think this is the next step in crypto for further development.
There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
I think this is the next step in crypto for further development.
There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Coinmarketcap should really take this seriously. Its a pathetic sight when you log into to view rankings and you see dobitrade, coinbene, HotBit and Bilaxy as top 50 exchanges, sometimes top 20. It's ridiculous and I now rather use coingecko where I can get a more sensible result on exchange trade rankings
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Issue of fake volume is something to be worried about as many token and exchange glorify in the use if fake volume. If coincapmarket xan find a way to regulate this it will be very beneficial to the cryopto community
Sometimes I check acclaimed volumes of some exchanges with wash trading and I laugh, when is this going to come to an end? I think coinmarketcap formed alliance with some reputable exchanges to curb this issue, but yet it still persists. I think more advanced tracking tools should be develop to ameliorate this issue.
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.
I think this is the next step in crypto for further development.
There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Unfortunately, this is exactly the situation what we have now. To date, the exchanges are one of the main speculators. And there is not a single real organization that would be able to somehow change this situation.I think this is the next step in crypto for further development.
There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
It would be great if such an organization appeared.
I don't really understand the index of a thing to monitor real-time exchange volume. My take is on exchanges. Instead of faking volumes to attract users and investors, they should spend more time and resources in building a standard, secure, fast and easy to use trading platform. These exchanges know what the users want and preferred in an exchange and they should focus on addressing it. Faking volume is so temporal and will definitely lead to the collapse of such exchange in a mean time.
i think for now, that is one thing they can do to attract potential traders. though it's not a sustainable approach, but most exchanges especially new ones are using this strategy. faking volume is a long-running problem in crypto exchanges and i don't think it will disappear anytime soon. if you are an experienced trader, you will know if a specific coin is being washed traded. be careful in those coins!
Remembering ICO almost every project dew fake volume of collected money on theirs sites. Thanks IEO we can see the real picture of this. What to do with fake volume on exchanges i have no idea, but as everyone im pretty tired of fake fake fake everyvhere in crypto and it should change
I don't really understand the index of a thing to monitor real-time exchange volume. My take is on exchanges. Instead of faking volumes to attract users and investors, they should spend more time and resources in building a standard, secure, fast and easy to use trading platform. These exchanges know what the users want and preferred in an exchange and they should focus on addressing it. Faking volume is so temporal and will definitely lead to the collapse of such exchange in a mean time.
if this is true, then this will be a new problem for the crypto world and investors and traders will experience a crisis of trust and will leave the market
some exchanges still have the trust of investors and traders. investors and traders have long been on the market, and it's no wonder that it will happen for new and small exchanges or who want to grow their trade quickly. we have to think smart.
I think, not all exchanges do false reports about the volume of crypto currencies. But if I analyze further that the crypto currency movement is very fast and dynamic so the volume report also changes rapidly. This dynamism might cause reports about volume to seem like fraud. If we think positively then that is because the crypto currency volume report seems like a fraud. But indeed there may be false volume reports as one of the strategies in increasing market supply and demand to be more crowded.
if this is true, then this will be a new problem for the crypto world and investors and traders will experience a crisis of trust and will leave the market
some exchanges still have the trust of investors and traders. investors and traders have long been on the market, and it's no wonder that it will happen for new and small exchanges or who want to grow their trade quickly. we have to think smart. 
if this is true, then this will be a new problem for the crypto world and investors and traders will experience a crisis of trust and will leave the market
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It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution.It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution.
It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution. Jump to: