Topic: End of FAKE volume reporting - page 6. (Read 13693 times)
It actually deceives most traders who only base their decisions on the trading volume. I guess it's something that CMC should focus on. It's another form of scamming and I just wish that they would eliminate this form of deception. It's decreasing the reputation of exchanges and coins so I guess this is something that they should clear out.
experienced traders must personally check the volumes of the exchanges and not rely on site statistics, I hope that coinmarketcap will find a way to show only the real volumes...
I also wish that fake volume trading be stopped, but for this we need i think some good programmers who can build an api who report real volume or exchange who report fake volume to stop it.
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.
The innovations really are growing in the market, and there is nothing they can do in order to be competitive enough to attract customers than to fake their trading volumes on their respective exchange platforms. I think if they are really good to say, after they have gotten their customers trade on their platform, they should stop the operation of fake volumes.
there are many people who are known to be fake and scam exchangers, so traders and investors are keeping these exchangers out of the way that they can not really avoid these situations because they tend to be crippled and have other people like them hobbie so keeping everything a lot it is important to pay attention to the volume of exchanger and fake altcoins of exchangers or other exchanger admins that the game makes the volume so attractive to other people and investors.
I was surprised to find out these fake volumes, all I thought the whole time they are showing the true stats and volume, but it's not yet late if coinmarketcap cannot keep up and show transparency, soon a competitor will come out to beat them in their own game, people want transparency since they are looking on volume to make a decision.
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.
Coinmarket already reported and founf for giving fake prices and volume abput crypto exchanges for that they may getting paid so I don't think they will involve in restricting the fake volume.Not sue about the other price and market capp related site will they make any difference? 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 wouldn’t blame coinmarketcap entirely; it picks trade as it happens
So if a token is at 0.01$ and someone buys at 1$
Automatically coinmarketcap displays 100% increase
It is up to traders to verify the volume
So if a token is at 0.01$ and someone buys at 1$
Automatically coinmarketcap displays 100% increase
It is up to traders to verify the volume
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.
If regulation will come in, this will be corrected as faking volume then is going to be a serious offense and will be punishable by the law. 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.
They also need to do this because most investors are looking at their site, it's part of their responsibility to provide an accurate information so as not to mislead the people in the space. 
It is very easy actually.
In coinmarketcap they can add a "report fake volume" tab, and if some exchange giving fake data, they can delete it. Also it is very easy to spot fake volume. Just open a shitty exchange with huge volume and choose their biggest volume pair, you would see.
In coinmarketcap they can add a "report fake volume" tab, and if some exchange giving fake data, they can delete it. Also it is very easy to spot fake volume. Just open a shitty exchange with huge volume and choose their biggest volume pair, you would see.
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.
I'm glad that these things happen this early, this is the best time for these exchanges and coinmarketcap and the like to show us the real picture, now that the momentum for the coming bull run is coming, we don't want people who are just coming into the industry that there are connivances and corruption in the volume.
very many exchangers did this, I also felt that I had been hurt several times.
coinmarketcap only displays data from the exchanger without a proper audit of the correctness of the data.
coinmarketcap only displays data from the exchanger without a proper audit of the correctness of the data.
It is very difficult to trust exchanges with fake volumes, I sometimes faced the fact that I could not sell some token, although the bots continued to exhibit orders.
This is something that they should do something about. It affects most traders and investors because this is a form of a scam and it deceives people. Exchanges should be aware of it and must eliminate coins which are causing this kind of fraud. There are also new exchanges who are spreading fake volume and it confuses traders.
Well, it looks like the most of exchange is now gonna scamming us by manipulating the volume reporting, not just ICO or IEO or STO.
yeah i agree coinmarketcap have action about this problem, i have see some market exchange claim their have much stock of bitcoin, if i count in a few market the total supply of bitcoin its more than max supply bitcoin 21million
One more major factor for this fake volume is more and more new exchanges . These exchanges gets reputation based on the volume trading in their exchanges . So these people showing more volumes . Again Coinmarketcap failing to monitor these new exchanges beeeing added every other day.
It is about time, actually. I could not understand why TRUTH has been always sacrifice in the world of cryptocurrency. We have to go back to saying and reporting facts so that people's trust and confidence can start to be getting back to the whole industry. The time has come to demand facts and not made-up figures just to push someone's interest. CoinMarketCap has to make sure that they are sharing facts and not be another alley of manipulators and liars in this industry.
It seems to me that the wrong trading volume is shown not only in the cryptocurrency market.
I don't think it is there in the forex market. I think because the forex market is regulated, certain things are properly handled to the extent that if there is stealing, cheating or presention of wrong data of a broker etc, there is appropriate sanction.
The faking of volume is just in ten high increase now. Something really needs to be done about it as you said. Such fake volumes are very deceiving.
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