Topic: Ridiculously large fake volume on FinexBox (Read 426 times)
coinmarketcap is faulty all the data marketcaps trade volumes are wrong misleading investors
Seriously?! Like Binance or Kraken, tho I won't be surprised if it was Bitfinex.
It would be great if you can show us some proof or even a constructively written assumptions regarding fake volume manipulations by large exchanges.
Because if they do, they're doing and hiding a serious legal issue.
It would be great if you can show us some proof or even a constructively written assumptions regarding fake volume manipulations by large exchanges.
Because if they do, they're doing and hiding a serious legal issue.
proof is hard to come by. not sure about other people, but i can't be bothered to compile and analyze data that could prove fake volume. it's fair enough to speculate about though.
anecdotally, i will say two things about binance. when i started trading there after bittrex and poloniex (2017), i got the distinct feeling there was a disparity between reported volumes and market depth. there was too much damn slippage to justify their reported volumes. secondly, remember who CZ is. he was the architect behind okcoin's trading back end, which (along with huobi) was a front runner in the fake volume wars of 2015.
as for bitfinex, they've been under investigation by the US govt for like a year now (along with tether) for market manipulation. the investigation by the CFTC and DOJ is ongoing. tether printing, anyone?
This seems to be getting more and more prevalent. I don't understand what they're attempting to achieve.
All they're going to do is make people considering using them snort in disgust when they observe market moves and never go near them. If anyone's dim enough to actually sign up and deposit they'll find they can't actually use it.
All they're going to do is make people considering using them snort in disgust when they observe market moves and never go near them. If anyone's dim enough to actually sign up and deposit they'll find they can't actually use it.
If we're being fair here, I think most of the exchanges do some kind of manipulation regardless of how big they are, maybe not as obvious as this but still.
Exactly. There are probably thousands of exchanges that are fabricating data, washing trading etc. to make themselves look better on paper than they really are.
And when an exchange is smaller and not as popular as the big ones, it actually makes detecting fake volumes a lot easier. Because if no one knows it and uses it, then where is the volume coming from? Just use your common sense here.
People shouldn't be using relatively new, unproven, and unlicensed exchanges that have just popped out of a google search. Nor should trade volume be the sole indicator of whether or not an exchange is trustworthy.
Seriously?! Like Binance or Kraken, tho I won't be surprised if it was Bitfinex.
It would be great if you can show us some proof or even a constructively written assumptions regarding fake volume manipulations by large exchanges.
Because if they do, they're doing and hiding a serious legal issue.
It would be great if you can show us some proof or even a constructively written assumptions regarding fake volume manipulations by large exchanges.
Because if they do, they're doing and hiding a serious legal issue.
It's impossible to factually prove that exchanges are generating fake volumes. It however makes it easier to assume if you look at the nature of the volume, the incentives (e.g. ranking up on CMC, transaction fee mining, bonuses handed out to people who generate the most volume, etc), the traffic they generate, and compare to that to the more competent exchanges.
Common sense tells you that an exchange that pops up out of nothing generating hundreds of millions in volume with a very poor web rank, is very likely participating in fraudulent activity.
Bitfinex is more a spoofer than a volume manipulator. Not saying they don't also manipulate volumes, they likely do to an extent, but it's nothing compared to what the new exchanges on the block do.
Sure, many other bigger exchanges fakes trading volume.
Seriously?! Like Binance or Kraken, tho I won't be surprised if it was Bitfinex.It would be great if you can show us some proof or even a constructively written assumptions regarding fake volume manipulations by large exchanges.
Because if they do, they're doing and hiding a serious legal issue.
https://www.blockchaintransparency.org/
If we're being fair here, I think most of the exchanges do some kind of manipulation regardless of how big they are, maybe not as obvious as this but still.
Sure, many other bigger exchanges fakes trading volume.
Seriously?! Like Binance or Kraken, tho I won't be surprised if it was Bitfinex.It would be great if you can show us some proof or even a constructively written assumptions regarding fake volume manipulations by large exchanges.
Because if they do, they're doing and hiding a serious legal issue.
With that being said, I don't understand why people take the choice of using unknown exchanges instead of going with something that has been here for years. It's like begging to get your money stolen.
If I can recall correctly, FinerBox doesn't require KYC to withdraw and obviously, easy Wash and Dry smells good for others.You know what I mean.
With that being said, I don't understand why people take the choice of using unknown exchanges instead of going with something that has been here for years. It's like begging to get your money stolen.
I guess it all comes down to how many shitcoins they have listed that the more established ones don't have, and the fact that unknown--smaller exchanges tend to be very loose when it comes to KYC/AML requirements.Overall, most of the people using these exchanges don't have much of a clue what risks they expose themselves to. For them every exchange is on the same level and they assume that their funds are safe because they are professionals.
These exchanges continue to pop up, which is a clear indication that there is enough demand to serve. There is no shortage of get rich quick noobs and ignorant newbies not knowing how things work here....
Sure, many other bigger exchanges fakes trading volume.
I would never heard of them if they didn't contacted me on discord to list coin at their exchange.
I searched bitcointalk and reddit and didn't find thing about Finexbox, not a single mention, except posting on their subreddit.
That is because the way they operate, they contact discord admins of new lunched coins and offer listing there for fee (0.1-0.2 BTC).
Not much exchange options there for new coins that started without premine or dev fee, it is not like we can list on Bittrex.
So I researched it little and noticed this.
So maybe next time someone search it this topic will probably pop up before they pay listing fee.
I would never heard of them if they didn't contacted me on discord to list coin at their exchange.
I searched bitcointalk and reddit and didn't find thing about Finexbox, not a single mention, except posting on their subreddit.
That is because the way they operate, they contact discord admins of new lunched coins and offer listing there for fee (0.1-0.2 BTC).
Not much exchange options there for new coins that started without premine or dev fee, it is not like we can list on Bittrex.
So I researched it little and noticed this.
So maybe next time someone search it this topic will probably pop up before they pay listing fee.
save yourself from messing things up, stay with the safe and known exchanges where you can get easy support. there are far alternative exchange out there you can take the top 10 or 20 but not the very unknown ones. not saying they are scam but if you want to trade, stick to where the popular exchange they do have real numbers.
If we're being fair here, I think most of the exchanges do some kind of manipulation regardless of how big they are, maybe not as obvious as this but still.
With that being said, I don't understand why people take the choice of using unknown exchanges instead of going with something that has been here for years. It's like begging to get your money stolen.
With that being said, I don't understand why people take the choice of using unknown exchanges instead of going with something that has been here for years. It's like begging to get your money stolen.
watch how LTC/BTC trades comes from thin air on FinexBox
trading prices and traded volume obviously don't come from orders
with total of 159 LTC and 2.7 BTC in orders they have over 800 LTC volume every 30 minutes
check huge "trades" on 14:17-14:27 of over 245 LTC in 10 sec
https://www.youtube.com/watch?v=m4YIej3eDgo
trading prices and traded volume obviously don't come from orders
with total of 159 LTC and 2.7 BTC in orders they have over 800 LTC volume every 30 minutes
check huge "trades" on 14:17-14:27 of over 245 LTC in 10 sec
https://www.youtube.com/watch?v=m4YIej3eDgo
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