I have been trying out Latoken exchange for a last few weeks and guess what you will find coins pumping 1000% from $1 to $1000 and eventually dropping down to $0.001 within few days. I had invested into Arbismart which had good market cap and I bought this coin for $120 and within a week it dropped down to $0.5 and now it's trading at $0.6. i have lost capital in other three coins as well in this exchange I know it's my fault that I invested without much research but most of the coins have made people either a millionaire or a bankrupt overnight. I believe there is a some high level of manipulation happening with this exchange. What's your thought on this?
actually mate my first trading platform is latoken exchange before i jump in to binance and to be honest that exchange seems has a bunch of fake volumes when it comes token and sometimes there's something wrong with graph such manipulation that can be seen in coinmarketcap, trading view and other exchanges. Someone say it was a bug but seems not because i tried to communicate with the support about my loss because of the sudden drop that didn't existed in other platform but there's no reply from them. That's why i decided to leave and jump in to binance. 
Topic: LAtoken - exchange or gambling? - page 2. (Read 254 times)
You have a 10-year-old Bitcointalk account, and you even don't know what pump and dump schemes are?
Are you even the original owner of the account?
You bought pump and dump shitcoins, so there's nothing much to expect from them except making huge losses. You should be knowing this by now after a decade in the crypto space.
Are you even the original owner of the account?
You bought pump and dump shitcoins, so there's nothing much to expect from them except making huge losses. You should be knowing this by now after a decade in the crypto space.
Indeed, it was my mistake wherein I jumped into the projects by just looking at the trading volume but never thought a coin can drop to such an extend even when it has a huge trading volume. I have learnt a lesson in hard way not to go for any new coins listed in exchanges like LAToken and purpose of this post is to create awareness amongst others to save them from falling for such traps at the expense of making myself look naive by accepting my mistake as sometimes greed takes over our mind and we end up doing such mistakes.
That was a very expensive lesson though and hope that would make you grow in the crypto space and do more with your research skills the next time. Hoping others will be aware of this exchange too as they are shady, there are a lot of reputable exchanges out there to find rather than settling there and get the terrible and shocking experience like you did. 
I only heard about the exchange but not trying to have an account on that exchange. If that is a small exchange, I think some whales who have an account on that exchange can easily move any coin with a low price to the high price in a short time so we should not try to follow the price. You should leave the exchange and not try to recover your loss because that will not be easy since you need to search for the other coins. It is better to stick to your exchange and trade there to recover your loss.
AFAIK, that exchange is full of pump and dump tokens. That's why new projects like them so much because they can easily be listed there. But if you choose to trade there, you're fully responsible on how you're going to deal with the markets there.
You've chosen altcoins that you're not familiar with and even most of the people here don't know about that example you've given. I know that the higher the risk, the higher opportunity of pulling out there and become one-time-big-time but still, I would just go with the normal process and trade reputable cryptos or just hold bitcoin.
You've chosen altcoins that you're not familiar with and even most of the people here don't know about that example you've given. I know that the higher the risk, the higher opportunity of pulling out there and become one-time-big-time but still, I would just go with the normal process and trade reputable cryptos or just hold bitcoin.
Exchange is not responsible for how you trade or invest. They have responsibility to filter projects and list them on their exchange. A good exchange will have strict filtering and listing procedure so that scam projects will not be approved.
However, it is bad if you completely rely on exchanges and trust them. We can not know or identify all scam projects so as exchanges. If you make decision, investment or trading, you are responsible for it. Furthermore, trading and investment contains risk and it is somewhat gambling.
However, it is bad if you completely rely on exchanges and trust them. We can not know or identify all scam projects so as exchanges. If you make decision, investment or trading, you are responsible for it. Furthermore, trading and investment contains risk and it is somewhat gambling.
These claims are taken from their website, and it appears that this platform employs an arbitrage approach to seek a whopping 40 percent annual return, which is kinda ridiculous and too good to be true. Furthermore, there isn't even a legitimate url on the Arbismart website that will redirect you to prove that their useless exchange is indeed "EU licensed wallet, and exchange". Even the price alone is a significant warning sign that you should avoid in the first place.
And I don't think that Latoken has something to do with it.
- https://arbismart.com/
And I don't think that Latoken has something to do with it.
Quote
ArbiSmart is a fully EU regulated, automated system, which scans thirty-five exchanges at once, 24/7
Quote
The platform generates industry-high returns, of up to 45% a year depending on the size of the investment
- https://arbismart.com/
I just checked their platform and from the looks of it, they seem to be the CEX version of Pancakeswap. I'm not sure about the specific coin you mentioned but by looking at the biggest losers (24% change) it appears that they are useless coins with no use case and with huge circulating supply, you know the type of coins we've been seeing for the last few months (like SafeMoon, ELON, etc.).
So no, I doubt that the team behind the platform has anything to do with the pumps and dumps, but I would still hold them responsible since they are approving this kind of coins for listing.
So no, I doubt that the team behind the platform has anything to do with the pumps and dumps, but I would still hold them responsible since they are approving this kind of coins for listing.
I don't know if it's the fault of exchange at all but have you done any research before you hop into this project? Good thing you realize your mistake but I wouldn't call it gambling rather it's a blind investment on your side. Haven't been into this exchange but why settle to exchanges that has shady things happening internally? I think you hop in into this exchange or project knowingly it pumps coin to riches, should just be my hunch though.
Indeed, it was my mistake wherein I jumped into the projects by just looking at the trading volume but never thought a coin can drop to such an extend even when it has a huge trading volume. I have learnt a lesson in hard way not to go for any new coins listed in exchanges like LAToken and purpose of this post is to create awareness amongst others to save them from falling for such traps at the expense of making myself look naive by accepting my mistake as sometimes greed takes over our mind and we end up doing such mistakes.
I don't know if it's the fault of exchange at all but have you done any research before you hop into this project? Good thing you realize your mistake but I wouldn't call it gambling rather it's a blind investment on your side. Haven't been into this exchange but why settle to exchanges that has shady things happening internally? I think you hop in into this exchange or project knowingly it pumps coin to riches, should just be my hunch though.
I have been trying out Latoken exchange for a last few weeks and guess what you will find coins pumping 1000% from $1 to $1000 and eventually dropping down to $0.001 within few days. I had invested into Arbismart which had good market cap and I bought this coin for $120 and within a week it dropped down to $0.5 and now it's trading at $0.6. i have lost capital in other three coins as well in this exchange I know it's my fault that I invested without much research but most of the coins have made people either a millionaire or a bankrupt overnight. I believe there is a some high level of manipulation happening with this exchange. What's your thought on this?
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