Ok Coin , Huobi and other chin exchange..they are cheating all of us. - page 2.

lethalethereal

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Quote from: Videodrome on December 18, 2015, 08:19:31 AM

So i think that chinese BTC traffic is completely false,the bitcoin that are on their sites are not real,they are present only on their systems, they do not really exist.

So all the pump of the last 2 month are fake, the price of BTC is in the hands of these scammers with no regulation.

no one says anything, perhaps because it benefits everyone this fake bull...

finance "real" wall street however is not a big scam? Yet it continues for 100 years

yohanip

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A Programmer

The blockchain are there for anyone to see or investigate such thing right?
that is one big public ledger we have there..

traderbit

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Quote from: Videodrome on December 18, 2015, 08:19:31 AM

So i think that chinese BTC traffic is completely false,the bitcoin that are on their sites are not real,they are present only on their systems, they do not really exist.

So all the pump of the last 2 month are fake, the price of BTC is in the hands of these scammers with no regulation.

no one says anything, perhaps because it benefits everyone this fake bull...

China has the most volume of bitcoin, so it is normal for chinese exchanges to have the largest volume of bitcoin, there are lots of automated bots which do trade 24/7

coinyard

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Quote from: EdenHazard on January 09, 2016, 12:29:54 PM

so,why are you said that chinese BTC traffic is completely false?can you give me more concrete proof?and also i think its not important to me if they true cheat us about bitcoin price,because i know my country bitcoin market based on china bitcoin traffic.

If you search the forum/internet, you will find many examples and evidence of the robots trading.

EdenHazard

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so,why are you said that chinese BTC traffic is completely false?can you give me more concrete proof?and also i think its not important to me if they true cheat us about bitcoin price,because i know my country bitcoin market based on china bitcoin traffic.

randy8777

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Quote from: Pab on January 08, 2016, 03:39:35 PM

Better think before posting,Chinise exchanges are only one what take care of btc network
Now thanks to one of them btc has new nodes,number of btc nodes were decreasing.
Read first post after

Thay will be on all continents

http://www.coindesk.com/press-releases/btcc-deploys-100-full-bitcoin-nodes-across-five-continents/

it's a good thing that they have added a good bunch of nodes. but all nodes are hosted on 1 single service instead of spreaded around the world to make the nodes widely spreaded. that's not really on all continents.

Pab

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Better think before posting,Chinise exchanges are only one what take care of btc network
Now thanks to one of them btc has new nodes,number of btc nodes were decreasing.
Read first post after

Thay will be on all continents

http://www.coindesk.com/press-releases/btcc-deploys-100-full-bitcoin-nodes-across-five-continents/

mayax

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Quote from: yenxz on January 03, 2016, 09:14:21 AM

Another post about fake volume and bitcoin price,this is just make me confuse,i dont know what the effect of this fake price or volume,but i think its not matter for me and for us maybe,anything make bitcoin increase is good,thats right.

the market manipulation is not good, dude

that means the ones who are going the price up, they can make the price to be down...and they can. it depends on their interest. the whole BTC market is manipulated by the big players as I said before. who are these players? few big exchangers and the miners. who are behind them? SAME "investors", same people. Make your researches and don't be fooled by the BTC media who are buzzing all day long that BTC is a god.

BTC media like Coindesk is owned by(YES), the same people who are owning Bitstamp or Bitfinex or Okcoin and others

everybody from this industry wants to earn money. nobody is working voluntary. when it's about money, the interests are coming.

yenxz

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Another post about fake volume and bitcoin price,this is just make me confuse,i dont know what the effect of this fake price or volume,but i think its not matter for me and for us maybe,anything make bitcoin increase is good,thats right.

Intristing

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Quote from: mayax on December 24, 2015, 02:56:28 PM

Agree with you. IN EU is the same law. You have to be financial licensed if you want to exchange or issue e-currency. The EU exchangers are breaking the laws too(those without financial license). Bitstamp is one of them.They have fake volumes too.

As I said before, there are not exchangers without fake transactions because the people won't use them.
The average clients are thinking like "if this exchanger has so many transactions, it's good.let's put some money in it "

Again, there is a HUGE volume of fake transactions. Look yourself to BTC China or Bitfinex; order after order(robot after robot)

Do you think Gemini has fake volume too? It is a regulated exchange in New York. Would it take the risk.

mayax

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Quote from: jaysabi on December 24, 2015, 07:33:26 AM

Quote from: mayax on December 23, 2015, 07:58:22 PM

Quote from: ~Bitcoin~ on December 23, 2015, 10:37:40 AM

If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

yes, this is what they are doing and of course and the BTC price reflects that

The price is made by the exchangers. ALL the exchangers are doing this shit(maybe less those with financial license because they are audited but I think it is a way to cheat that too). Fake transactions made by robots...this is what you can see on their websites.

Who can "punish" them if most of them are not regulated(no financial license)? Nobody.

That;s why I said that they would be in jail if they would do that in a regulated market.
The market manipulation is a big crime.

They may not be registered exchanges, but they can still be prosecuted for fraud in the US, and it is also illegal to run an unregistered securities exchange. Being not regulated is not a license to do whatever you want; you still can't break the law. That's why you're seeing US-based exchanges registering with regulators. It's only a matter of time before foreign-based exchanges have to register too with their local jurisdictions, and a giant scandal by one of these Chinese firms would hasten the process.

Agree with you. IN EU is the same law. You have to be financial licensed if you want to exchange or issue e-currency. The EU exchangers are breaking the laws too(those without financial license). Bitstamp is one of them.They have fake volumes too.

As I said before, there are not exchangers without fake transactions because the people won't use them.
The average clients are thinking like "if this exchanger has so many transactions, it's good.let's put some money in it "

Again, there is a HUGE volume of fake transactions. Look yourself to BTC China or Bitfinex; order after order(robot after robot)

jaysabi

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Quote from: mayax on December 23, 2015, 07:58:22 PM

Quote from: ~Bitcoin~ on December 23, 2015, 10:37:40 AM

If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

yes, this is what they are doing and of course and the BTC price reflects that

The price is made by the exchangers. ALL the exchangers are doing this shit(maybe less those with financial license because they are audited but I think it is a way to cheat that too). Fake transactions made by robots...this is what you can see on their websites.

Who can "punish" them if most of them are not regulated(no financial license)? Nobody.

That;s why I said that they would be in jail if they would do that in a regulated market.
The market manipulation is a big crime.

They may not be registered exchanges, but they can still be prosecuted for fraud in the US, and it is also illegal to run an unregistered securities exchange. Being not regulated is not a license to do whatever you want; you still can't break the law. That's why you're seeing US-based exchanges registering with regulators. It's only a matter of time before foreign-based exchanges have to register too with their local jurisdictions, and a giant scandal by one of these Chinese firms would hasten the process.

mayax

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Quote from: ~Bitcoin~ on December 23, 2015, 10:37:40 AM

If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

yes, this is what they are doing and of course and the BTC price reflects that

The price is made by the exchangers. ALL the exchangers are doing this shit(maybe less those with financial license because they are audited but I think it is a way to cheat that too). Fake transactions made by robots...this is what you can see on their websites.

Who can "punish" them if most of them are not regulated(no financial license)? Nobody.

That;s why I said that they would be in jail if they would do that in a regulated market.
The market manipulation is a big crime.

~Bitcoin~

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If they are making fake transaction volume than is the price of bitcoin is just the made one by those exchangers ?
If robots are doing trading than it can be counted as real but if exchangers are making this bullshit, why don't they get punished. It will be scary to bitcoin if they are in real making fake volumes.

mayax

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Quote from: coinyard on December 21, 2015, 01:52:51 PM

Quote from: jaysabi on December 20, 2015, 02:38:47 PM

Quote from: dothebeats on December 20, 2015, 03:00:22 AM

Yep, in terms of trading volume displayed by thrse exchanges. That isn't new for us and they've been doing that for almost a year now. Sometimes, I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.

I thought the Chinese exchanges didn't charge trading fees, unlike the western exchanges, so there is no financial penalty to churning out trades. The volume might be legitimate.

There are some analysis about the trading volumes in the Chinese exchanges. Some analysis claim there are robots working in those exchanges.

All the exchangers are doing the same.
Bitfinex, Bitstamp, Kraken, etc....fake volumes. that means price manipulation, market manipulation.
These guys would be in jail on a regulated market

coinyard

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Quote from: jaysabi on December 20, 2015, 02:38:47 PM

Quote from: dothebeats on December 20, 2015, 03:00:22 AM

Yep, in terms of trading volume displayed by thrse exchanges. That isn't new for us and they've been doing that for almost a year now. Sometimes, I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.

I thought the Chinese exchanges didn't charge trading fees, unlike the western exchanges, so there is no financial penalty to churning out trades. The volume might be legitimate.

There are some analysis about the trading volumes in the Chinese exchanges. Some analysis claim there are robots working in those exchanges.

thejaytiesto

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Quote from: Amph on December 18, 2015, 10:11:40 AM

well the other exchange reflect the true value anyway, even if the demand was artificially increased by their faked pump, the demand adapted to it

anyway anything that can increase the bitcoin value it's a good thing

This is true though. Even if the chinese are trying to pull an MtGox on us, the other exchanges aren't Chinese and people are buying for real money, therefore that's the real value of Bitcoin.. everything else is just a conspiracy.

mayax

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Quote from: jaysabi on December 20, 2015, 02:38:47 PM

Quote from: dothebeats on December 20, 2015, 03:00:22 AM

Yep, in terms of trading volume displayed by thrse exchanges. That isn't new for us and they've been doing that for almost a year now. Sometimes, I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.

I thought the Chinese exchanges didn't charge trading fees, unlike the western exchanges, so there is no financial penalty to churning out trades. The volume might be legitimate.

No, their volumes are fake.

https://bitcointalksearch.org/topic/is-there-fake-trading-volume-on-bitstamp-1253730

http://www.ibtimes.co.uk/chinese-bitcoin-exchange-accused-faking-trade-data-1430122

just search : Bitcoin fake volumes ...and you will find a lot of information.

jaysabi

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Quote from: dothebeats on December 20, 2015, 03:00:22 AM

Yep, in terms of trading volume displayed by thrse exchanges. That isn't new for us and they've been doing that for almost a year now. Sometimes, I just get surprised how these exchanges achieve a volume that big compared to what Western exchanges can collectively.

I thought the Chinese exchanges didn't charge trading fees, unlike the western exchanges, so there is no financial penalty to churning out trades. The volume might be legitimate.

mayax

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Quote from: Intristing on December 20, 2015, 01:25:52 PM

We all know the fake volumes in some exchanges. There is no effect from these exchanges. We do not care anymore.

what you mean "There is no effect from these exchanges" ?

Of course, there is a huge impact. Many people are thinking that there are a lot of transactions and that there is a dynamic market when it is not. Those who want to put some money in this shit call BTC trading are cheated because of that.

Also, it's not in "some" exchanges. All the exchangers have fake exchanges(maybe a small volume of fake transactions has those with financial licenses because they have to be audited). But there only few exchangers with financial licenses(2-3) so the rest of them are doing whatever they want.

"You" must be very obtuse to think there is no impact. All the BTC market is manipulated but these exchangers. They can go the price up and down; depending of their interest. They make fortunes on your money.

Topic: Ok Coin , Huobi and other chin exchange..they are cheating all of us. - page 2. (Read 4423 times)