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Topic: Trying to Sell LEDU on Dcoin!! Fake Volume? - page 3. (Read 817 times)

full member
Activity: 737
Merit: 104
Yes they are generating fake volume by using bot. Dcoin, Bilaxy and many others exchangers show this type of fake buy sell history. Your set order will never filled. If you want to sell your coin you have to sell it directly.
member
Activity: 686
Merit: 35
Bro this is not something surprising,  that coin does not have any demand so nobody is buying it, this is the only way to make it look as if anyone is buying, but the real truth is bit is helping them to keep volume, this project is not is not very popular and I can see they have bounty running to create more attention.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?

Many exchange use bots to show more volume. Seeing this volume, those who go to trade on their exchange, they understand that these volumes are fake. Like you, I have once experienced trading on an exchange. Every time I ordered a sell order on that exchange, the bot had to buy coins at a lower price than me. The most interesting thing was that the orders were being bought before they came in the order book! I was surprised to see their fake buy /sell.
legendary
Activity: 3052
Merit: 1281
Get $2100 deposit bonuses & 60 FS
I see many similar exchanges, using lots of bot trading and making it difficult for us to sell our tokens. It will happen if those altcoins have no volume

It is not a trading bot possibly, the exchange is faking volume.  The evidence is the bypassed trade order of OP.   If it was a bot, then surely OP's trade order would be fulfilled since the history shown that it completes transaction on the wall behind OP's trade order. 

member
Activity: 258
Merit: 32
I see many similar exchanges, using lots of bot trading and making it difficult for us to sell our tokens. It will happen if those altcoins have no volume
Same campaign is been hunted by the promoters, dcoin is not good cryptocurrency exchange and should be shown to other exchange. They have been using the bot, that's why I hate the said cryptocurrency exchange, those who want to sell their tokens or coins should sell at the exact price to be a safer side.
member
Activity: 1050
Merit: 10
Martian Swap - Anti Whale Measures New Yield Farmi
In this space there are lots of exchange available. And very few of them runs the trading in a good way. I also experienced the same thing. But in another exchange called cat.ex .I deposited my coin try to sell it. But then I realised something is wrong and then try to find it. And realised that they it's impossible to sell coins in that exchange. If I I have to sell it there I have to sell it in half price. Plus this type of exchange has high withdraw fees also. There are lots of example. Just check the exchange before deposit. And be careful.
member
Activity: 248
Merit: 13
Futiracoin.com
Dcoin isn't the culprit here, it's LEDU, the project failed to attract investors that's why it has no good buy orders on dcoin, I've trade many times on Dcoin exchange and it's better than many low exchanges in crypto space, you can't expect dcoin to start buying LEDU coins themselves
full member
Activity: 271
Merit: 100
Sounds like they really using bots or they faking the volume. Dcoin seems a new exchange so no doubt if they use fake volume just to gain traders with their new exchange.
I have never heard of this exchange, and we have thousands of such bullshit exchanges in this market. They will use bots to create fake transactions to increase volume, even large exchanges such as Bitforex, Bilaxy, etc... it also happens often
Binance was also using the bot too but when the exchange site was using it for the good purpose and then it could be a good thing. Dcoin is a very bad exchange site but it's not so bad as a verified scam exchange site like p2p and coinsbit.
sr. member
Activity: 1470
Merit: 428
When will fake volumes stop being an issue with most exchanges, I had a similar issue like OP on P2PB2B. Whereby, I set lowest sell order but on history, I see orders being picked above my sell order with timestamp ahead of mine. That's insane, this is the more reason why I avoid all these exchanges with low trading volumes. Worst is when you try to withdraw your tokens seeing the fake volumes, withdrawal fees are usually terrible. Let's be guided and stick to reputable exchanges only.
full member
Activity: 785
Merit: 105
Sounds like they really using bots or they faking the volume. Dcoin seems a new exchange so no doubt if they use fake volume just to gain traders with their new exchange.
I have never heard of this exchange, and we have thousands of such bullshit exchanges in this market. They will use bots to create fake transactions to increase volume, even large exchanges such as Bitforex, Bilaxy, etc... it also happens often
hero member
Activity: 3052
Merit: 606
Sounds like they really using bots or they faking the volume.
Probably both.

Dcoin seems a new exchange so no doubt if they use fake volume just to gain traders with their new exchange.

They are not a new exchange, I research about the site and here's the information that tells they are not new.

https://www.cryptowisser.com/exchange/dcoin-exchange/

Quote
The Dcoin Exchange launched in May 2018 so has only been around for a little bit less than two year. In spite of that, Dcoin Exchange has incredibly trading volumes. On the date of first writing this review, 28 June 2019, Dcoin Exchange had a 24 hour trading volume of USD 1.294 billion.

I never thought they reach over 1 billion USD in volume, the question is, was that volume real or just fake? you probably know the answer guys.

and this one too. Look at the team behind.

Quote
The team behind the Dcoin Exchange apparently, according to information on its website, consists of people from prominent tech companies such as Google, Baidu, 360 and “other world renowned IT companies”.
sr. member
Activity: 2030
Merit: 269


Sorry buddy for your experienced in that matter. Next time you used exchange make sure it is one of the top in the market.
Does LEDU don't have any other exchange options to trade for? But as long as you can sell your coin's there do it! before the volume
will be gone.

Holders who are trading in lowly rated exchange should have something to worry, once the exchange is gone or they have no liquidity because low rated exchange can hardly attract traders, then you are at a loss and you will have to wait for a new exchange to come along and pray that it will not take long.
sr. member
Activity: 685
Merit: 250
I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Sorry buddy for your experienced in that matter. Next time you used exchange make sure it is one of the top in the market.
Does LEDU don't have any other exchange options to trade for? But as long as you can sell your coin's there do it! before the volume
will be gone.
full member
Activity: 2324
Merit: 175
I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

They are and you can expect that to lowly exchange they pump volume to make them looks good in the eyes of traders and developers, but no mistake about it they are using fake bots to boost their volume, who would want to trade on an exchange with no activity, your suspicious is right.
sr. member
Activity: 1484
Merit: 253
I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

It also made me wander why this coin wasn't able to obtain a good volume, despite of having been listed at coinmarketcap. Looking for an explanation, maybe it's better to seek attention from those forum members who are part of this project campaign. What we can contribute to this topic was only ideas and reactions for the visible aspects of this token.
sr. member
Activity: 1988
Merit: 275
Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
That depends on how much the demand for such coin. OP needs a lot of time to see his order to be executed while he was no only the participant who can dump the market and it's better for him to dump it before it was getting eaten by others.
well the price movement of cryptocurrency is only dependent on demand meaning when there are no buyers the price will not go up therefore the developer must try very hard to be able to raise the price possible by providing updates and providing venets that can trigger people to buy and do full support on the platform that is being worked on, so wait until the price rises and you can get a lot of profit.

And also, for me, there's no nothing wrong if the bounty hunter wants to get rid of his share. As we all know, most rewards go worthless if you haven't discarded it at the beginning of trading. So better sell it in the market while there is still value, rather than wait for nothing.
hero member
Activity: 1106
Merit: 502
Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
That depends on how much the demand for such coin. OP needs a lot of time to see his order to be executed while he was no only the participant who can dump the market and it's better for him to dump it before it was getting eaten by others.
well the price movement of cryptocurrency is only dependent on demand meaning when there are no buyers the price will not go up therefore the developer must try very hard to be able to raise the price possible by providing updates and providing venets that can trigger people to buy and do full support on the platform that is being worked on, so wait until the price rises and you can get a lot of profit.
jr. member
Activity: 41
Merit: 1
I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Dcoin is knowm notoriously for there bots, fake volumes as well as wash trading across the entire crypto space and that's why people mostly avoind them and opt for good exchanges with good volume and liquidity only shit projects list on Dcoin. There are other exchange with similar bot activities amd wash trading such as P2pB2b, idex and bilaxy. My advice is you should stay as much far away from those exchanges
sr. member
Activity: 952
Merit: 253
Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
That depends on how much the demand for such coin. OP needs a lot of time to see his order to be executed while he was no only the participant who can dump the market and it's better for him to dump it before it was getting eaten by others.
member
Activity: 882
Merit: 17
Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
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