Fake trade volumes - page 2. | Bitcointalksearch.org

malevolent

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Quote from: mazdafunsun on September 12, 2019, 06:01:25 AM

Coins themselves almost never do it.
The listing on CMC also in 99% of time gets you nowhere, noone is noticng the bottom 2000 coins , only if they are heavily manipulated.

Exchanges fake volumes to get higher in some lists as in CMC exchange list to get more attention and customers.

Coin/token teams also have incentives to pump fake volume, making it easier for them to cash out as increased volume lures others into buying/hodling the coin/token in question:

https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap

Leo

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The exchange are also responsible for this, they tend to create fake volume so as to draw the attention of investors that their exchange has a high trading volume,

I've seen lots of exchange that does not reach the standard of Binance exchange, and they have a higher exchange volumes than Binance due to the fake volume being created

LUCKMCFLY

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Quote from: Rehmanchoudhary5 on August 01, 2019, 10:49:13 AM

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

The technique of many Exchanges may be to increase the volume through bots, but it must be remembered that there is no consolidated volume that takes into account all Exchanges, that is why in each Exchange it has its own volume, not even CMC takes in It counts the volume of some Exchanges as localbitcoins, and Korean exchanges, and the study of the volumes is very important when making decisions for trading.

A good way to get an idea of the volume is to review the one shown by Bitfinex, Coinbase, which are Exchanges that handle a large number of traders and investors.

SquallLeonhart

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Quote from: mazdafunsun on September 12, 2019, 06:01:25 AM

Coins themselves almost never do it.
The listing on CMC also in 99% of time gets you nowhere, noone is noticng the bottom 2000 coins , only if they are heavily manipulated.

Exchanges fake volumes to get higher in some lists as in CMC exchange list to get more attention and customers.

That is quite bad, it shows that we have been leaving on fake data all along and then what assurance do we have that those coins that we do call the senior ones are actually the ones that are very active and we keep blaming projects dyeing, how will project not die when the real ones that are working and meant to be showcased on coinmarketcap are not being show cased, and even o exchanges too.

There is a need for something to really be done about this fake volume but exchanges, projects and even ranking site. The annoying thing about this fake volume by exchanges is that, you will see an exchange that is already big and have enough users, they still mix fake volume with it and I ask why they have to do so since they already have their popularity.

Stedsm

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Trust me, there's no exchange here that doesn't create fake volumes. There are some basic things in my mind I'd like to share:

Exchanges create fake volume in order to:

- Gain more customers' attraction to bring in more people
- Make the alt more popular to get it listed somewhere else on a more reputed exchange if this exchange holds some % as a stake
- Get more people to trade it to earn on fees (like Binance's trading competition)
- To make people believe that they've got the steam in order to get the exchange going as high volume is all we look for if we've got enough stake in an alt we decide to sell at some point

bright4mech

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Many crypto coin trading are created base on there prospect of the usage in the crypto community, hence on the trading platform is a function of peer to peer system, that means, it has volume in the market, base on the number of demand and supply across the nation.

lixer

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Quote from: Bes19 on September 13, 2019, 03:27:00 AM

It really happens in some exchange big or small. They manipulate it so people would buy that coin or token, the project might also have a responsibility on that to gain more profits. There are also group of people who manipulate the market by buying and dumping the coin/s and nowadays it seems normal.

I do not even want to believe that any big exchange that already has a very high genuine volume would have any reason to fake volume again, because with high volume, traders are able to execute their orders immediately and they would have no reason to leave the exchange, which they will keep getting referral that will enable them have more and more increase volume.

Like he said, mist fake volumes are actually as a result of low patronage, because many of us are fund of always giving thumbs up to those exchanges that are already big, neglecting the new ones and forgetting that they need that to grow, so I would not easily condemn them for their action, but I will frown at those who are already old and still using fake volume.

Bes19

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It really happens in some exchange big or small. They manipulate it so people would buy that coin or token, the project might also have a responsibility on that to gain more profits. There are also group of people who manipulate the market by buying and dumping the coin/s and nowadays it seems normal.

Jating

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Quote from: Rehmanchoudhary5 on August 01, 2019, 10:49:13 AM

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

We have this so called P&D (pump and dump) groups. So this group will initially boost the price and it will look like a fake volumes or at least not organic. So obviously they do this to make more money specially from newbies who thought that the coins is having a parabolic run. They buy and when you don't expect the price suddenly goes down on a downward spiral.

Or it could be the project themselves, trying to fake it out that investors are really spewing money making and maybe other investors would join the fun.

If you wanted to know which exchanges are faking their volume, you can read the reports here.

https://www.bti.live/reports-april2019/

mazdafunsun

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Coins themselves almost never do it.
The listing on CMC also in 99% of time gets you nowhere, noone is noticng the bottom 2000 coins , only if they are heavily manipulated.

Exchanges fake volumes to get higher in some lists as in CMC exchange list to get more attention and customers.

lobat999

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Quote from: ||bit on September 11, 2019, 07:16:35 AM

Quote from: creeps on August 01, 2019, 05:56:51 PM

Quote from: ?? on ??

Exchanges were the key support system for Cryptocurrency network, this makes them have a big control over the volumes. Fake trade volumes were once inspected and it made a huge crash to the entire market, and this isn't controllable. Even there were paid services from exchanges to show high volumes on specific assets.

Many countries already make a big threat to those who are responsible for manipulating the trade volume, and if there’s a regulation a strong like this, fake volumes can be lessen. But its true, exchanges are being paid for this and we don’t know if top exchanges are also doing this, its possible of course.

Well even if they are doing, at least they have solid volume underneath it.

Small exchanges doing that is very obvious. You see orders doesn't move but transactions coming out of nowhere. It is very easy to spot on.

Quite true! even big exchanges often resort to this tactic since there is no way to verify accurately trade transactions within those
centralized exchanges and this comes the advantage of using DEX's, enabling us to verify those trade transactions but unfortunately,
DEX's are also vulnerable to wash trading.

Pamadar

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Quote from: Naida_BR on September 11, 2019, 02:36:32 AM

Quote from: Yamifoud on September 10, 2019, 10:02:45 AM

Quote from: antisocial77 on September 10, 2019, 03:06:19 AM

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Do we need to fool others just for the sake to earn money and gain reputation? How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy, they make ways just to find the solution of their problems without knowing what would happen next. It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

Those project with fake volumes just aim to get easy and quick profits.
They don't care about their reputation afterwards, so they are focusing more on making a "buzz" around their project and coin in order to make it gain value. When investors realize that this volume is fake it would be already the time when they would have acquired their profits.

They are not concerned to what extent it will affects their project, they are after the money and nothing else, even dealing with fakes volumes to attract traders to join the ride and make it looks realistic, victims will only notice things after placing their entry.

There's a need of carefully analyzing things inside any market as bot are all over the place making fake information to attract investors interest.

||bit

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Well even if they are doing, at least they have solid volume underneath it.Small exchanges doing it as very obviously.Some of the order which we placed is not at all moved and only the price variations will be done by the exchange itself.It was a quite common one in a small exchanges.People will follow the thing, the coin is listed on any exchange. If so, they will invest their money without checking the liquidity.

Naida_BR

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Quote from: Yamifoud on September 10, 2019, 10:02:45 AM

Quote from: antisocial77 on September 10, 2019, 03:06:19 AM

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Do we need to fool others just for the sake to earn money and gain reputation? How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy, they make ways just to find the solution of their problems without knowing what would happen next. It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

Those project with fake volumes just aim to get easy and quick profits.
They don't care about their reputation afterwards, so they are focusing more on making a "buzz" around their project and coin in order to make it gain value. When investors realize that this volume is fake it would be already the time when they would have acquired their profits.

Yamifoud

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Quote from: antisocial77 on September 10, 2019, 03:06:19 AM

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Do we need to fool others just for the sake to earn money and gain reputation? How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy, they make ways just to find the solution of their problems without knowing what would happen next. It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

maydna

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Quote from: Rehmanchoudhary5 on August 01, 2019, 10:49:13 AM

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

I think they want to show to the public that they have big support from peoples, and their demand was so high, so they need more support from the public. But the other reason why they do that is that the exchange itself want to reach more members and they can manipulate the volume. So people will see it seems, the site will have a big demand and supply that are making a transaction. But they could have a thousand reason why they do that and only they will use only what their purposes. All we need to do is calm down and don't panic if we see those things, and only analyze will be the answer.

antisocial77

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Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Plecet Bank

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Manipulating data is an unjustifiable form of crime.

When many project platforms compete to be registered with CMC, they are fake data. And if they manage to enter the CMC, their project will only make a loss for many investors. In my country, there is a very large exchange and it is not easy for any project to be listed. Even this exchange using the process of choosing which is then used can be taken and take that has the most votes. So it will be a project that has a quality that can be registered.

ololajulo

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Quote from: KuraJamban on August 04, 2019, 06:24:13 PM

Quote from: Rehmanchoudhary5 on August 01, 2019, 10:49:13 AM

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

Even the big exchange like Bit-Forex also created a fake volume on some coins.
I think they want to attract some trader to trading on their place, using fake high buy and sell orders.
I'm sure this fake volume is 100% bot because they will move to higher price or lower price when you try to make an order.

I wanted to correct that also, it is not peculiar to small exchanges, big volume exchanges do that now, The bear market is responsible for a lot of abnormalities and is why they claim the dominance of bitcoin could be close or above 90%. You will be surprised to see it also on decentralized exchanges. The order will be so small and you will be surprised with the amount of sale they claimed they make every day. I dont see it go soon but some channels like CMC may adjust the measure to give better and precise information on the market at large

AmoreJaz

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Quote from: FlamingFingers on September 09, 2019, 03:26:05 PM

Quote from: Rehmanchoudhary5 on August 01, 2019, 10:49:13 AM

What this means? Why they do that? Is everything just done by exchanges or project itself,

I believe that it is a collaborative event between the exchange and the project, the project will be trying to make sure that they meet up to coinmarketcap cap requirements

They thereby creating a fake volume by collaborating with the exchange and perhaps to draw the attention of investors to buy their token , lots of new exchange are guilty of this, and it doesn't speak good for cryptocurrency market generally

agree on these points. but if the project is already in cmc and you can still see that they are blatantly doing the wash trading. then be very careful with that coin, either they slowly want to discard the dev's coins for early exit or they want to pump the price so they can get a higher price value of their coin and later on sell whatever they have and boommm!!

you will see this kind of fake trading if you are closely following a coin and know basically whats going on. you dont have to be a rocket scientist to detect this kind of scheme. either the exchange or the dev team is benefiting on this situation!

Topic: Fake trade volumes - page 2. (Read 640 times)