How to find fake volume exchanges. | Bitcointalksearch.org

dothebeats

legendary

Activity: 3542

Merit: 1352

It's easy. Check whether the order books really match what the current trades are and/or check whether there's really activity within those exchanges by looking at the recent trades. At this point in time, a lot of exchanges are doing this in order to attract potential customers because they have the liquidity that a lot of people are looking for.

Quote from: 100bitcoin on March 13, 2019, 11:44:22 AM

- LocalBitcoins.com
- LocalEthereum.com
- HodlHodl.com
- Bisq.network

Options are many...

These websites do not really check whether exchanges post the true volume on their platforms or not. They are just displaying what these exchanges are relaying them, no further scrutiny or investigation as to whether the exchanges are faking these volumes or not.

Kakmakr

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: soyalmomin75 on March 12, 2019, 01:48:30 AM

I am not able to complete order because bot puts order and completes that within fraction of second.

If I may ask, what exchange are you using and have you tried several other exchanges before? I have used several of the bigger and more well known exchanges and I have never been unable to complete an order on all the transactions I have made.

The smaller exchanges might be a bit more vulnerable to this, but the bigger exchanges are quite good. If you have money to burn, then I would undercut them with a huge margin to see what they will do with that. Grin

Crypto Girl

sr. member

Activity: 980

Merit: 294

Quote from: IconFirm on March 12, 2019, 05:14:00 AM

FYI - all centralized exchanges have bots. Use decentralised exchanges & your bot problem is gone, plus it is safer.

Or maybe OP don't want to use DEX then perhaps find a bot that he can also use to cut those order books. Though, I don't have any idea where this bot can found and how much will be its subscription fee.

Quote from: StackGambler on March 12, 2019, 05:24:26 AM

you should probably just go for a market order instead of a maker order so that you don't get those annoying bots in your face.

This is the least you can do, honestly this is my thing so I don't need to deal with those bots. Don't stress yourself.

The Cryptovator

legendary

Activity: 2422

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Signature space for rent

I don't think there is any way to identify fake volume from centralized exchange. Yes there is trading bot used by exchange or team, so this bot will make you confuse during setup your bid. But bot isn't related with fake volume. Its manipulate by exchange itself. So How we will detect it? I have no idea if there is any. Usually exchange show fake volume in order to pump few specific coin in my opinions. So trade with trend and carefully.

100bitcoin

sr. member

Activity: 861

Merit: 423

Quote from: soyalmomin75 on March 12, 2019, 01:48:30 AM

Lot of exchanges are using trading bot and all.
How to find out Fake volume exchanges?

I am not able to complete order because bot puts order and completes that within fraction of second.

- LocalBitcoins.com
- LocalEthereum.com
- HodlHodl.com
- Bisq.network

Options are many...

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

It's obvious the moment you look at an exchange's order books versus the trades they're reporting.

There are a few out there with $10-20 in total in the order books but have all the trades happening just above those non existent bids and sells. Coinmarketcap and pals really need to shun them. They're feeding them real customers who either can't actually use them or get fucked by them.

Looking here - https://coinmarketcap.com/currencies/bitcoin/#markets I have literally never heard of most of those 'top' exchanges.

Pmalek

legendary

Activity: 2730

Merit: 7065

I read a very detailed article about the problem of showing fake trading volumes a few months ago. Even the most established exchanges partake in such activities.
Here is a link to the article:
https://cryptoscanner.co/article/bti-report-a-majority-of-the-cryptocurrency-exchanges-fake-the-trading-volumes-data

pooya87

legendary

Activity: 3472

Merit: 10611

you have to first decide why you want to know about fake volumes?
based on your comment i think you are just mad because of other traders using bots which has nothing to do with fake volumes! and you shouldn't even care about such things as long as you have a good understanding of the market and a good strategy to go with it! your orders will be filled and you will make profit regardless of what the "bots" do! but when you make random bets on the market obviously you will have a hard time in the market.

but if it is not that then you have to clarify the reason.
for example there is a good chance that every single exchange is faking its volume but the reasons are very different. for instance a big exchange like Bitfinex is surely faking volume but they always do it for competition purposes (to stay on top of the lists compared to others) and the size of the fake is small, like adding 5% to what they already have. but a shitty exchange like Yobit is faking the volume to stay alive and the size is huge (more than 90% is fake) so you can't trust the orders that you see on their platform because they are fake. you can't sell into the top one but if you place an order below it, it will be filled immediately!

tmfp

legendary

Activity: 1932

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"Common rogue from Russia with a bare ass."

If you're referring to wash trading, read this.
https://www.blockchaintransparency.org/

Quote from: A sample quote

Included in this report we have calculated the true volume of the CMC top 25 BTC trading pairs. Most of these pairs actual volume is under 1% of their reported volume on CMC. We noted only 3 out of the top 25 pairs not to be grossly wash trading their volume

StackGambler

full member

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YouTuber, gambler, and scam-buster.

Quote from: soyalmomin75 on March 12, 2019, 01:48:30 AM

Lot of exchanges are using trading bot and all.
How to find out Fake volume exchanges?

I am not able to complete order because bot puts order and completes that within fraction of second.

Your questions are unrelated. Yes, there are bots that will try to undercut your orders, but these bots are not what cause fake volume. These bots could just be traders (they probably are). As for how to spot fake volume, it's extremely hard to do. If it were easy to find, several exchanges would have far less users than they already do! That's a topic I'm not very knowledgeable about, so I won't go further into detail. But, as for the former portion of my reply, yeah, you should probably just go for a market order instead of a maker order so that you don't get those annoying bots in your face.

IconFirm

hero member

Activity: 1438

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Always ask questions. #StandWithHongKong

Quote from: soyalmomin75 on March 12, 2019, 01:48:30 AM

Lot of exchanges are using trading bot and all.
How to find out Fake volume exchanges?

I am not able to complete order because bot puts order and completes that within fraction of second.

Wrong thread.

FYI - all centralized exchanges have bots. Use decentralised exchanges & your bot problem is gone, plus it is safer.

soyalmomin75

jr. member

Activity: 57

Merit: 1

Lot of exchanges are using trading bot and all.
How to find out Fake volume exchanges?

I am not able to complete order because bot puts order and completes that within fraction of second.

Topic: How to find fake volume exchanges. (Read 373 times)