Fake Transactions at Bitcoin Exchanges - page 2.

topesis

hero member

Activity: 630

Merit: 500

Quote from: Cindy23 on March 15, 2017, 02:48:28 AM

you may be seeing transaction volume as a metric when choosing bitcoin exchanges. But bitcoin insiders reveal that it is an open secret that exchanges generate fake transactions to make themselves look better.
this could be devastating for bitcoin newbies like me. Normally, there are three ways to do so.
Read more about this story at:
http://news.8btc.com/threes-ways-to-generate-fake-transactions-at-bitcoin-exchanges

I doubt you are a newbie in the space, if you are you won't understand the impact of fake transaction has on the Bitcoin price fundamentals.

Concerning fake transaction, almost all these exchanges are guilty of this, most people will move there tokens to where there is liquid and faking it is a way to attract traders

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Exchangers are always competing with each other in order to gain as many users as they can and to make it succeed they need to have a good method of marketing and make up a good image for them, it's actually a normal thing happened that it's even existed in real life, just by seeing from this, you can distinguish that the exchangers which use this kind of method are not honest and rather not recommended. So, better to get out from these services I suppose.

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: Cindy23 on March 15, 2017, 02:48:28 AM

you may be seeing transaction volume as a metric when choosing bitcoin exchanges. But bitcoin insiders reveal that it is an open secret that exchanges generate fake transactions to make themselves look better.
this could be devastating for bitcoin newbies like me. Normally, there are three ways to do so.
Read more about this story at:
http://news.8btc.com/threes-ways-to-generate-fake-transactions-at-bitcoin-exchanges

If that is true, it is really detrimental for a newbies to encounter that kind of transaction actually, in fact it shouldn't be happen in each exchange like that. or else it might gonna be a threat to other exchange such a situation case like this.

mobnepal

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This is well known bitter fact about bitcoin trading platforms specially those based on china. This is one of the factor that causes too much volatility in bitcoin price and this have also triggered recent investigation of chinese bitcoin exchanges by PBOC.

Cindy23

newbie

Activity: 28

Merit: 0

you may be seeing transaction volume as a metric when choosing bitcoin exchanges. But bitcoin insiders reveal that it is an open secret that exchanges generate fake transactions to make themselves look better.
this could be devastating for bitcoin newbies like me. Normally, there are three ways to do so.
Read more about this story at:
http://news.8btc.com/threes-ways-to-generate-fake-transactions-at-bitcoin-exchanges

Topic: Fake Transactions at Bitcoin Exchanges - page 2. (Read 2570 times)