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Topic: Trying to Sell LEDU on Dcoin!! Fake Volume? - page 5. (Read 817 times)

member
Activity: 137
Merit: 25
Yes, most of coins/tokens in Dcoin is have fake volume, and that's why i never using Dcoin and Probit, this exchange is have low liquidity and fake volume / wash trading.
full member
Activity: 2576
Merit: 205
With small exchanges like this, there will be a lot of bot trading, and I believe you will never sell the price you want, if you need to sell them immediately, you should sell them for  low orders

It attracts traders in somewhat, not a  good practices from the exchange owners
as traders will be trapped inside.
Placing selling orders and seeing that your trade haven't got done even there are
already trades that being done.
Bot made the deal and it's annoys you while watching the movements. You have to
move on and if you are in a hurry accept the fact and sell it.
sr. member
Activity: 1176
Merit: 265
It could be true because this small exchange tries to manipulate the market by wash trading plus when they have higher volume, they are attracting for new traders at first look Smiley.
member
Activity: 334
Merit: 10
With small exchanges like this, there will be a lot of bot trading, and I believe you will never sell the price you want, if you need to sell them immediately, you should sell them for  low orders
sr. member
Activity: 2268
Merit: 275
I have used the Dcoin exchange several times to sell the generated token from the bounty but I have never found any obstacles to sell or order the tokens that I sell, but I don't if the LEDU token has something like this maybe someone else has experienced the same thing with you.
hero member
Activity: 1218
Merit: 500
BintexFutures
Never traded on DCoin but I agree I have seen similar practices in exchanges like coinbene, LAToken too. I think bot owners keep creating orders so they can force us to sell our token at a lower price maybe?
member
Activity: 166
Merit: 10
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?
Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
Small exchanges will at one point use fake volume, it's something anyone would do if they run a new crypto exchange, I still like Probit exchange than dcoin and bilaxy but I believe what's more important is the token utility itself, if it's good enough even small exchanges will have good trading volumes
hero member
Activity: 2856
Merit: 667
That simply means that they are using bots to process or take orders that is set on their integrated buy order regardless the market spread. If you used market order it will be sold right away but there markets that dont have market order type based on the coin pairing. I experience selling also on exchange like that and no choice but to do manual bidding of orders. If you use limit order then goodluck, they will skipped your order like its not part of the market size orders.

Bad exchange though, I think between the two exchanges which LEDU is listed, for me Mercatox is a better exchange, that's based on my experience, I have traded using this site many times before.

I was just wondering if there are exchange/s that has delisted LEDU already..pardon me, I didn't follow the project.

Just curious with its 24 hours trading volume last may 2018, where it reached almost $8 million per https://coinmarketcap.com/currencies/education-ecosystem/
sr. member
Activity: 1498
Merit: 326
20BET - Premium Casino & Sportsbook
That simply means that they are using bots to process or take orders that is set on their integrated buy order regardless the market spread. If you used market order it will be sold right away but there markets that dont have market order type based on the coin pairing. I experience selling also on exchange like that and no choice but to do manual bidding of orders. If you use limit order then goodluck, they will skipped your order like its not part of the market size orders.
member
Activity: 266
Merit: 16
Sovryn - Brings DeFi to Bitcoin
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?
Maybe you should place a order less cheaper? There is not much volume for LEDU on Probit exchange, it's the reason I don't bother to join their bounty campaigns, there isn't much demand for that coin, just place a cheaper order and come back later
full member
Activity: 896
Merit: 198
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?

Yes it's a possible that they used bots to have daily volume I also see many exchange doing it. Always check the orders in every exchange for depositing your balance and plan to sell it there .

The question is how come they can bought that coins that is lower than your bid is the exchange working the same as dex?
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
Unfortunately, DCOIN is already on the same level as Vindax, P2PB2B, Probit, Exmarkets and other scam cryptocurrency exchanges, so I try not to visit these scam exchanges at all and not waste my nerves and my money, so I advise you to do the same.
I also registered with that exchange hoping to sell my LEDU coin too navigating though that exchange I suspect that they truly faked their volume having realized the implication of losing my coin I have to abandon it, I believed its high time we began to know the true exchanges we needed to sell or buy coins else  an investor might possibly lose a lot of investment thank you for bringing other exchanges who also cultivate that habit to the notice of would-be investors.
member
Activity: 1764
Merit: 10
Unfortunately, DCOIN is already on the same level as Vindax, P2PB2B, Probit, Exmarkets and other scam cryptocurrency exchanges, so I try not to visit these scam exchanges at all and not waste my nerves and my money, so I advise you to do the same.
legendary
Activity: 2982
Merit: 1028

Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
well, the case is really very similar to what I feel when selling something on probit. however, there will always be people who buy at a lower price or sell at a price from a low order. Well, this will be felt when you want to sell your assets at a low price, you will realize the fake volume generated.

You will noticed it once you see those executed orders after your position, it's really annoying but that's reality from those small exchange, bot are being used to fake the movement while real time orders are not being executed. You don't have any other option than selling it from the other side and dumped your coin from the buy orders. Sad true or you can hope for the developers to completely make a good run and create barriers.
sr. member
Activity: 2016
Merit: 456

Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
well, the case is really very similar to what I feel when selling something on probit. however, there will always be people who buy at a lower price or sell at a price from a low order. Well, this will be felt when you want to sell your assets at a low price, you will realize the fake volume generated.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
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?
Obviously it's a fake volume, I've seen many of these exchanges and I can't sell tokens there. That is why I do not want to use this small exchange market
I have experienced with this exchange site and you can sell based on the price that has already putted into the buy order, when you wanna try to put your order with your own price into the market and there was a small chance only your order will be filled.
full member
Activity: 824
Merit: 104
PredX - AI-Powered Prediction Market
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?
Obviously it's a fake volume, I've seen many of these exchanges and I can't sell tokens there. That is why I do not want to use this small exchange market
full member
Activity: 560
Merit: 180
I'm Matured Now
Thanks everyone for helping me out. I'm now sure that LEDU is using fake volume and the market doesn't have any demand for the token. So, I think I should sell in the buying orders or have to hold those.
Leaving the thread for discussion for other members or may lock it if I see spamming.
full member
Activity: 1189
Merit: 107
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
Yes, DCoin is fake volume, some as mercatox. I also have ledu token and so hard to sell it because that, i see order history on mercatox someone bought around 3K Ledu with lowest price, but in sell order section, my order was the lowest but not executeded. BTW ledu token is bad project, no demand in market, if always like this this project will scam
full member
Activity: 728
Merit: 104
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?
I'm a little confused by your explanation, maybe you should also add a screenshot in your thread.
But my advice, why don't you sell it using the current market rate. If it is not sold immediately, it can be ascertained that it is a fake volume.
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