Topic: Exchangers - Fake Volumes- FRAUD - page 3. (Read 1765 times)
If an exchange's transaction volume is sugnificantly higher that the others then that exchange could affect the price in general.Fake volumes are just fake statistics, unless they are real.
Bitfinex, Kraken, Coinbase, Bitstamp all charge fees. It is too expensive to manipulate volume on those exchanges as every trade will cost you money.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
This is nonsense - if the bots are run by the exchange then the fees "cost nothing" (as it is coming from their own profits).
You can't trust *any* exchanges volume in Bitcoin (and never have been able to).
People seem to confuse Bitcoin exchanges with things like regulated stock exchanges - a very naive thing to be doing.
Even the most trusted exchanges are suspected for manipulating volumes.
Bitcoin - the whole damn thing is just filthy
I am %100 with you. There is no way bitcoin would rise that much in a few days. There is clearly a scam going on and it will end very bad for the holders. I am a supporter of bitcoin but this volatility is definitely wrong.
But mate we aren't tied to using only the Bitcoin exchanges right? If you are not satisfied with the fake price manipulation and the fake trade volume you can always find a private seller where you will get a transparent offer and can haggle about the price yourself. Bitcoin may be a free market but people could play dirty tricks to ensure a bigger profit that's completely normal. If you feel you are being led by the nose by one of these exchanges just leave and find a suitable private seller or buyer problem solved.
Bitfinex, Kraken, Coinbase, Bitstamp all charge fees. It is too expensive to manipulate volume on those exchanges as every trade will cost you money.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
The only exchanges where the volume may be suspect are the ones that don't charge fees - Huobi and the other Chinese ones. But some of their trade is definitely real.
The Centralized Bitcoin exchanges seem to coordinate their prices across continental divides. One goes down – they all go down. The question is why the public tolerates their scam. If they were useful or desirable, they’d consider the very people who sustain the Bitcoin network, namely Bitcoin miners. Exchange clients and miners get whatever is happening in the busiest exchange. The exchanges’ arbitrage bots equalize prices between one another. Miners – you’re the backbone of this innovation. Cryptomonkeys – you think you’re trading – but your centralized exchange rides you bare-back.
Even the most trusted exchanges are suspected for manipulating volumes. However, high volume ≠ price manipulation. Orderbooks might be thinner than what some exchanges try to make them seem like but manipulating the price is significantly harder than doing it with the volume, which after all is just a statistic other than anything else. Even Chinese exchanges that have outlandish volumes are rarely accused of price manipulation.
Why shouldn't they? Volume means nothing, who decided a trade happened one time, 3 times, 5 times?
Who got robbed by a meaningless number that never meant anything?
Who got robbed by a meaningless number that never meant anything?
As I said since years ago, ALL the exchangers have fake volumes and it's resulting price manipulations; ones have a "decent" rate, others have a huge rate of fake transactions. That means FRAUD !
I would say that there are 5-6 big exchangers who are giving the trend and they form a cartel: Bitfinex, Okcoin, Huobi, Bitstamp, BTC-e, Kraken then Coinbase and others.
Many BTC fanatics are saying that BTC is free that it's a free market without monopoly. I say otherwise. All the BTC trades is manipulated by these exchangers and "you" accept it even you lose alot
Of couse, many of you forgot MTgox's bot (called Willy) who raised the price by doing fake transactions
Now, someone from inside is admitting this thing:
https://forum.bitcoin.com/bitcoin-discussion/reminder-chinese-bitcoin-spot-exchanges-okcoin-and-huobi-are-faking-a-majority-of-their-trading-volume-t6701.html
I would say that there are 5-6 big exchangers who are giving the trend and they form a cartel: Bitfinex, Okcoin, Huobi, Bitstamp, BTC-e, Kraken then Coinbase and others.
Many BTC fanatics are saying that BTC is free that it's a free market without monopoly. I say otherwise. All the BTC trades is manipulated by these exchangers and "you" accept it even you lose alot
Of couse, many of you forgot MTgox's bot (called Willy) who raised the price by doing fake transactions
Now, someone from inside is admitting this thing:
https://forum.bitcoin.com/bitcoin-discussion/reminder-chinese-bitcoin-spot-exchanges-okcoin-and-huobi-are-faking-a-majority-of-their-trading-volume-t6701.html
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