Fake trade volumes - page 3. | Bitcointalksearch.org

FlamingFingers

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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

Distraction

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Unfortunately, it seems that there are some cryptocurrencies that try to fake their volume and to be listed on big exchanges. I don't want to believe that coinmarketcap is supporting an act like this and faking volumes on its website.

bitbenzhong

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as far as i know.quant trader,they use program create trading robot,they can trade everytime.But this trading model is usually only for a coin.
so i think In addition to the mainstream market, I believe that other market have fraudulent behavior, in order to attract more blind investors to come in.

rdluffy

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It's complicated and hard to detect fake trade volumes
Here in Brazil we have an exchange that is suspected to fake the trade volumes of BTC, it's market in coinmarketcap with * and are under investigation

numizmat

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It is because CMC generally issues aggregating prices, not providing per-market+exchange charts/data. Some of their competitors like https://coin.market/ provide such trades data, so you can calculate how much volume was for 1 second, 1 minute, or 1 hour and so on - you can also check how many trades were to get, for example, btc/usd in a selected price range on all exchanges or on one exchange - it allow to easily avoid such fake numbers from shady exchanges.

copoyes

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what I know is usually when there is a market that makes fake volume to lure the traaders to go to their market, you could say they are short of operational funds but how do you find out if they make fake volume

Mehedi72

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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.

There are a lots of reason behind it. Possibly exchanges creates fake volume as because to show people that, their exchange is one of the top and best exchanges.so people should come & trade there!! This is the way that helps their exchange to get much more traffic. More traffic means more income. Sometimes shitcoins developers deal with those exchange to do so as because to get more investment in there shitcoin or they uses bots to create fake volume to show people, their shitcoins is best for investment. Thus they earn a lots of money by cheated with us Cry

Muzika

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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.

If this happened maybe it is because the exchanges are accepting bribe to make a fake volume of a certain coin because there are people look into the volumes of a coin before using it for a trade or for holdings. I read an article that there are some exchanges faking the funds collected on IEO and this might because they are accepting payments for this to happen.

Fundamentals Of

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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.

Fake volumes are done by both the project itself and the exchanges. For the exchanges, this is obviously for the reason that investors or traders are drawn toward their platform because coins are being traded with high volumes, meaning there is sufficient liquidity. Traders always prefer to trade with coins and exchanges that give them smooth flow, with their orders easily filled. As for the projects, they are basically trying to send an image to the public that they are trusted and investors are interested in them as being reflected by the volumes of their coins.

tondenga2122

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A high trading volume but the traders are only bots Cheesy

There a lot of fake trade volume on some Exchanges and yeah most of them are on bad exchange.
Even in the largest markets to there is also a fake volume trade.

Sonik33

jr. member

Activity: 138

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Wow, the volume of fake trading coins is very unsettling and provides invalid information. I am very disappointed with the coin providers who use this method to make their volume large and crowded in the market. In my opinion, this is an unhealthy strategy in playing and competing in crypto currencies. Fake coin volume will only make a coin unable to survive in the market for a long period of time. I prefer to compete as is and honest.

KuraJamban

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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.

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.

tippytoes

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Quote from: BITDV on August 04, 2019, 04:58:41 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.

This is a purpose of small exchange, when they manipulate volume it will make a trade history in their exchange. If they make fake volume in new coin or small coin it won't attract many users, but if they make fake volume with popular coin it will attract many user to use their exchange and and trade thoose coin. Let say you want to use thoose exchange and want to start to trade popular coin, i guest you won't get any profit.

I saw some small exchange doing this, but when i start trade i got no profit and i realize that that's fake volume / fake order. When you meet exchange with this condition, withdraw your coin soon as possible and dont use it again

Yes, you will surely know if an exchange is doing the wash trading or faking the volume of a particular coin. If you are an experienced trader, you can easily spot those trends. And once you saw such performance, better get out and trade with more reputable exchanges. Better lose a lil bit of money rather than lose all your investments.

1Referee

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Quote from: buwaytress on August 04, 2019, 01:33:36 PM

See Coinmarketcap or most other metric sites. What's the first thing coins are ranked by? Trading volume.

These index sites have been the main reason we have seen wash trading increase up to today's severe degree. It's an effective form of marketing.

If you look at the traffic information of exchanges, CMC will mostly show up as the number one traffic provider. And guess what exchanges are on the very top of the wash trading list..... Right, Asian exchanges! They pushed actual fiat exchanges such as Coinbase so far down that they are ranked as nr 40-80 depending on the day, lol. Pathetic.

The only 'good' thing is that people aren't actually paying to access these sites and if you ignore the fake volumes, they do provide a wide variety of useful features.

BITDV

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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.

This is a purpose of small exchange, when they manipulate volume it will make a trade history in their exchange. If they make fake volume in new coin or small coin it won't attract many users, but if they make fake volume with popular coin it will attract many user to use their exchange and and trade thoose coin. Let say you want to use thoose exchange and want to start to trade popular coin, i guest you won't get any profit.

I saw some small exchange doing this, but when i start trade i got no profit and i realize that that's fake volume / fake order. When you meet exchange with this condition, withdraw your coin soon as possible and dont use it again

isaac_clarke22

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This is why I don't tend to look below the top coins in CMC that much even if the coins seems to show that it has high trading volume that will kinda make you think that you're not investing into a potentially dried out coin. If the project/ICO just succeeded recently, I am not quite surprised that it will show its preliminary trading volume at its highest.

buwaytress

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Ask yourself this. If you one day decided to launch a for-profit coin project (I'm pretending that some people still launch them for non-profits these days), and you know that the only real way to get your coin to value up and drum up enough demand for you to dump and make your killing is to get your coin somehow noticed on exchanges... then you'd do everything in your power to achieve just that.

And what gets coins noticed on exchanges? Log in to Bittrex and what's the first thing you see? The coins with the biggest trading volumes of the past 24 hours. See Coinmarketcap or most other metric sites. What's the first thing coins are ranked by? Trading volume.

Everything in your power means things you can do and control.

And fake volumes, for now, is still something people can manipulate with reasonable ease.

DoublerHunter

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Quote from: Little Mouse on August 04, 2019, 07:33:21 AM

Exchanges do this mostly to increase their volume for aytracting more users. On the other hand, there's some altcoin which also do the same to get listed on CMC or have more investors.

^ So, it was clear that these are all about marketing strategies between exchange and the project owner where their coin listed and having fake volume and probably to get attention to the investors and traders. It seems all of these are untrustworthy activities, they are fooling people by having fake volume. As an investor or traders, we should know how to research first before investing by fake volume coins which is lead us into a losing fund.

Little Mouse

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Exchanges do this mostly to increase their volume for aytracting more users. On the other hand, there's some altcoin which also do the same to get listed on CMC or have more investors.

fabiola!

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many coins create fake volume for different purposes

1 to scam ( pump and dump)

2 to maintain volatility ( common reason every project tells Grin

but only less coins do it)

3 to make a hype and show some green candles and to be visible at top gainers

4 and other reason like as you said to list in exchanges and to maintain minimum volume

Topic: Fake trade volumes - page 3. (Read 640 times)