"False crypto exchange traffic volume?" - page 2.

bearexin

full member

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Quote from: Andrew Parker on April 05, 2020, 03:58:54 AM

There are so many faulty exchanges out there which will fool you around, so we need to ensure we avoid just options and try to go only with solid and proven ones. If our choice is not good then we are just inviting trouble.

It makes me feel so strange that someone who has himself been a part of some shady behavior where fake team was shown to gather investors or maybe you were just paid to post that topic.

Coming back to topic, yes there are multiple exchanges who are promoting fake volumes on their exchange and trying to make it look like millions of traders are trading on their platform while even not a single guy is trading there. It must be said that if only these exchanges could get themselves registered legally then they would never have to make such tantrums and fake volumes.

Sadlife

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Mostly this is generated by bots and placing short or long positions sometimes to trigger stop losses this is one of market manipulation scheme's of exchanges but sometimes this is not the case they can be legitimate volume but from cartel of whales or the minority who is capable in bringing down the market in order to buy cheaper.

Rodeo02

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avatar and signature space for rent !!!

Quote from: princerepon on April 05, 2020, 05:53:46 PM

In that case you have to choose trust able or well known exchange for your trade. It's not new that shady exchanges provide false traffic volume. And it's also truth that there are no specific solution for that besides ignoring them. Since 2017 we are facing tons of shit exchanges and it's not going to stop. So it's a better idea to be careful our self before choose exchange for our trade.

This decision will make it easier for you to use only known exchange. We have many exchange now that have a fake volume And you can't blame them because that's also the way to exchange to have more user's registered in this exchange.

It wil not work always but they are actually persons registered in that exchange when they see it on the top volume exchange.

princerepon

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In that case you have to choose trust able or well known exchange for your trade. It's not new that shady exchanges provide false traffic volume. And it's also truth that there are no specific solution for that besides ignoring them. Since 2017 we are facing tons of shit exchanges and it's not going to stop. So it's a better idea to be careful our self before choose exchange for our trade.

kro55

sr. member

Activity: 1610

Merit: 301

*STOP NOWHERE*

I would be very helpful if there was a list of exchanges that inflate the trading volume. One way to spot such exchange is that you observe buy and sell orders and recent trades. If there is a recent trade at a price in between buy and sell price, most likely this trade was fake.

Twentyonepaylots

sr. member

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Quote from: FanEagle on April 05, 2020, 05:48:19 AM

Well, we will not get a proper answer to what the real volume is because they are doing it behind secret doors and nobody really has the answer to it, or any data that can back it up. First of all, not even exchanges knows how much of the volume they have is fake all the time, they do the fake volume themselves for some coins but at the same time they are not doing all of it, they let the coins do it themselves.

We cannot really see it, we can only see through a window of a house whose built is 2 storey. So if ever these exchanges are using some manipulative techniques to catch and attract traders then might as well the authorities should look after them, I just don't know if there are some laws regarding this but this is some kind of fraud.

Quote from: FanEagle on April 05, 2020, 05:48:19 AM

Binance and some of the other huge ones have specific auto trading bots that basically trade inside the spread so it looks like there is a trade going but in reality someone is buying and selling from themselves and losing some money by doing so to the exchange but it keeps them from getting delisted. Exchanges do not have numbers of those ones and that is why no real one person knows all of the fake ones in any exchange.

This is a serious accusation especially with binance, maybe you are just carried away by a massive traffic on their exchange that made you think that there is a wash trade happening since Binance has millions of users and price movement in there is unlike the others. This is why choosing an exchange is really a priority, you need to know where your money is sleeping every night.

milewilda

legendary

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Quote from: CRYPTO TRON on April 04, 2020, 05:38:42 AM

Where is all this fake crypto exchange traffic going?
Do you expect that crypto community will ever get a real impression of the traffic volume of the exchanges?
With few exceptions, most of them show fake traffic, even up to 5000x !

Regards,
crypto-tron.com
Denis Lukavačkić COO

Nothing new and this had been always an issue with all exchangers when it comes to faking traffic/wash trading. We cant get rid of it
even top exchangers do made such thing but well, we can choose up on whats being preferred by the majority. Its just part of our common
sense to stick out with the best rather than considering other exchange which havent been known and just recently gets some
huge volume on a particular day. DYOR is all we need.

FanEagle

legendary

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Well, we will not get a proper answer to what the real volume is because they are doing it behind secret doors and nobody really has the answer to it, or any data that can back it up. First of all, not even exchanges knows how much of the volume they have is fake all the time, they do the fake volume themselves for some coins but at the same time they are not doing all of it, they let the coins do it themselves.

Binance and some of the other huge ones have specific auto trading bots that basically trade inside the spread so it looks like there is a trade going but in reality someone is buying and selling from themselves and losing some money by doing so to the exchange but it keeps them from getting delisted. Exchanges do not have numbers of those ones and that is why no real one person knows all of the fake ones in any exchange.

coingecko

member

Activity: 247

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We cross check the volume that these exchanges are reporting versus the website traffic that they are getting . You can see it at https://www.coingecko.com/en/exchanges

An exchange with large volume and low traffic would be a negative signal

btc_angela

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Quote from: CRYPTO TRON on April 04, 2020, 05:38:42 AM

Where is all this fake crypto exchange traffic going?
Do you expect that crypto community will ever get a real impression of the traffic volume of the exchanges?
With few exceptions, most of them show fake traffic, even up to 5000x !

Regards,
crypto-tron.com
Denis Lukavačkić COO

No, as you have said, crypto exchanges, specially those shady once can hire someone to all fake their traffic. This has been practiced in the past to really put an impression that there sites are frequently visited. But under that guise, its all bots, so it will be really difficult to measures the traffic. So we really need to be careful using some fly-by-night trading exchanges because it's possible that they are going to pull an exit scam, just saying.

Andrew Parker

jr. member

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There are so many faulty exchanges out there which will fool you around, so we need to ensure we avoid just options and try to go only with solid and proven ones. If our choice is not good then we are just inviting trouble.

davis196

hero member

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Merit: 939

I guess you are talking about fake trading volume,not fake traffic.
In the crypto world the size matters,so most crypto exchange platforms want to prove that they are bigger than they actually are,because "bigger" means "more reputable".If you were a customer,you would choose a crypto exchange platform that has 1M users,rather than some platform that has 10K users.
That's why they are faking trading volume.Not quite ethical,but unfortunately it works.
And yeah,the other big reason is to pump altcoin prices. Grin

CRYPTO TRON

newbie

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Quote from: sujonali1819 on April 04, 2020, 11:45:27 AM

Yes, you are right that most of the crypto exchanges are showing fake volumes. And they run bot to increase the trading volume.
But there are very few exchanges that are showing there real volume like Binance, Bittrex, bitfinex, etc. Just try to use them and avoid the shady exchanges.

Thanks for info i made some more re-search some of CMC exchanges with around 2 billion volume has real one, only 20milion per day. Huge difference!
Stay safe guys !

LUCKMCFLY

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Leading Crypto Sports Betting & Casino Platform

Most Exchanges do not have the volume but their specific Exchange, none handles the consolidated volume, in fact neither CMC offers it, it is better to trust the Level 1 Exchanges. There are a lot of Exchanges that are currently going out, it is very difficult to trust.

sujonali1819

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Need Campaign Manager?PM on telegram @sujonali1819

Yes, you are right that most of the crypto exchanges are showing fake volumes. And they run bot to increase the trading volume.
But there are very few exchanges that are showing there real volume like Binance, Bittrex, bitfinex, etc. Just try to use them and avoid the shady exchanges.

mk4

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📟 t3rminal.xyz

The cryptocurrency markets are hugely unregulated hence why a lot of exchanges get away with schemes like this. Just don't use those scammy exchanges and just stick with those select few reputable ones. It's not like were in shortage of good exchanges.

CRYPTO TRON

newbie

Activity: 22

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Where is all this fake crypto exchange traffic going?
Do you expect that crypto community will ever get a real impression of the traffic volume of the exchanges?
With few exceptions, most of them show fake traffic, even up to 5000x !

Regards,
crypto-tron.com
Denis Lukavačkić COO

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