Fake trade volumes - page 5. | Bitcointalksearch.org

Naida_BR

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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 happens a lot in many exchanges.
Because of that, I usually wait for some days to pass when a coin is listed in order to avoid fake trading volumes. Most of the times it is both projects and exchanges that make it fake in order to create hype and make profits both of them.

Jet Cash

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All Bitcoin trade volumes are false, this is because P2P and local bitcoin trades are not included in the published stats. I suspect this is where the largest volumes occur as well during normal trading periods.

antisocial77

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Because its about the exchange, not coin.who want to trade on low volume exchange?selling is problem, buying is problem.so they use fake volume as advertisement.

shield132

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At first how can altcoins make fake trade volumes? Do you mean making massive transactions to get listed on exchanges and attract attention? If yes, then I don't know what happens there. But if we talk about faking trade volumes, a lot of exchanges do it and there are researches done early of which exchanges are faking volume and by how much, google it if you are interested. They do this to become popular on coinmarketcap and you know, coinmarketcap has alexa rank between 200-300, so a lot of people visit this website and when they are looking for exchanges, fake volumes give them possibility to rank higher on coinmarketcap and this automatically leads to an increased number of users.

harizen

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

...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.

Like what coins/tokens?

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

...Why they do that? Is everything just done by exchanges or project itself,

To create hype. Some altcoins are good for day trading. Creating a fake volume will attract more day traders.

We can't also hide the fact that low market cap coins do have whales. They can create fake volume and deceived anyone. And if people fall on the trap, these whales can now execute their magic button anytime to control the whole market of that coin. Examples are BLU, SDRN, IETH, etc.

Anyhow, I don't take CMC listing as a purpose why fake volumes are being created.

asajapheth

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It creates a manipulation threat. It is common in mostly non regulated exchanges. They create fake volume that makes the coins fragile and volatile asset. This is a major shortcoming in cryptocurrency, in order for a wider adoption we have to give much attention to this.

rdluffy

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Here in Brazil we have a "big" exchange that is suspected to fake the volumes, because if what they said is real, it's the higher volume in all the world
Coinmarketcap suspended and put a *, they are in investigation now

And it's was hacked and now almost all users are facing problems to withdraw

locatedemail

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openmarketcoin.com

without fake volume

Harlot

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Quote from: MadGamer on August 01, 2019, 11:24:15 AM

It's the exchange platform that has control over order book and trading volume so they are the ones who manipulate it.

Why you might ask? simply to become more visible in Coinmarketcap and also popular. Being popular means the exchange could charge more money to list coins and also means potential new users.

He might have a point on when the developers are the ones matching theirbown Bids and Asks in the crypto exchange. This is possible if they are also the only ones participating in that trade. It's similar to crypto exchanges faling the volume but the guilty ones here are the developera itself. You cannot really trust every data you see online as they can easily be faled to manipulate people, that is why if you don't want to be victims of fake volume you should always stay away from unreputable exchanges.

Reid

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Some traders can make this happen.

It will show up on CMC but if you look at the exchange real volume. There are just a little amount being sold at a higher price.
That is to pull or to fool the newbie traders or those who just cannot keep their hands on the token.
Bounty hunters mostly are the ones being hit by this kind of acts or they might also be the culprit to make the value higher and sold it for the right price and effort that they have done.

Some just cannot wait for the market to grow on its own.

Edit: This should be on altcoin section.

MadGamer

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It's the exchange platform that has control over order book and trading volume so they are the ones who manipulate it.

Why you might ask? simply to become more visible in Coinmarketcap and also popular. Being popular means the exchange could charge more money to list coins and also means potential new users.

Rehmanchoudhary5

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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.

Topic: Fake trade volumes - page 5. (Read 640 times)