Shitcoin has no volume at all, some exchange uses the bot to show a little volume for every coin. If you want to sell out your shitcoin, then you will have no choice except put in the lowest order. I have TCAT shitcoin, sometimes this token
s price increased very high. When I go to sell, I see the lowest buy order there, nothing really except some shit fake buy sell on exchanges.
Topic: why some shitcoins has different price on diferent exchanges? (Read 280 times)
Most probably its wash trading bot that sets the buy/sell orders and usually with a small sell or buy order you can dump the price one a exchange creating an arbitrage spread.
But beware, if you try to buy or sell on the other exchange the bot algo usually moves in an unfavour way and even if it seems there is a buy block, it will be quickly removed once you place your order.
I have experienced this behaviour many times on smaller exchanges.
EWA
But beware, if you try to buy or sell on the other exchange the bot algo usually moves in an unfavour way and even if it seems there is a buy block, it will be quickly removed once you place your order.
I have experienced this behaviour many times on smaller exchanges.
EWA
Difference price action, volume and momentum from two exchange site that causs why the price are not the same just take a look at the buy and sell order from two exchange site look at the liquidity.
Some trader use a method of arbitrage when you buy coins in an exchange with a low price and sell to another exchange site with a high price.
This is where arbitrage opportunities do happen on where the price do have big difference between exchangers but as said these situations arent that common.Some trader use a method of arbitrage when you buy coins in an exchange with a low price and sell to another exchange site with a high price.
All movements and prices will vary or depend on exchange demand between into its traders so we might see different prices in the other side but they arent that much of the difference.So its rare to see these kind of chances though.If you do able to arbitrage then you are lucky enough.
OP needs to understand something the coins were prices based on its demand so if you choose two different platforms then there will be difference in trading volume so demand as well according to that only you can see price.
On coinmarket cap you only see the average value or reported value from the exchange it doesn't meant it have to be same while you place order.
On coinmarket cap you only see the average value or reported value from the exchange it doesn't meant it have to be same while you place order.
Difference price action, volume and momentum from two exchange site that causs why the price are not the same just take a look at the buy and sell order from two exchange site look at the liquidity.
Some trader use a method of arbitrage when you buy coins in an exchange with a low price and sell to another exchange site with a high price.
Some trader use a method of arbitrage when you buy coins in an exchange with a low price and sell to another exchange site with a high price.
Difference price from exchange to exchange caused buy order or sell order for those coins are different but don't mean it scam because it depend on their market support itself but usually different price from exchange to other exchange will not too far and some of people usually utilize this price difference for arbitrange
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is there a scam behind the scenes?
I can't see anything to direct scam. Price on all exchange won't same. It would be bit different from each other based on buyer and seller demand. But once you will found huge different between two exchange on same coin then it most likely created hyip about that coin. And it would manipulate by exchange as well. So there is high risk of loss if you buy on high rate. Because it will dump suddenly when people will start deposite from other exchange. So this is one kind of soft scam since everyone know about that risk.for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
[im g]https://imgur.com/a/wodZiLl[/img]
[im g]https://imgur.com/H9rODsI[/img]
is there a scam behind the scenes?
I think that should just be arbitration problem and it usually happens to some coins alone which I don't know if the cause of the arbitration is because of the different location of each exchanges, so except this to always happen not with these coins alone, but with some of the coins that you I'll still come across in the near future but if you call them shitcoins, I don't know why you still have to be on them to the extent of following them to different exchanges.[im g]https://imgur.com/a/wodZiLl[/img]
[im g]https://imgur.com/H9rODsI[/img]
is there a scam behind the scenes?
You have to get over them and look for more important projects that you can focus all you mind and analyses on, and while even seeing this arbitration of these coins has challenge, there are actually some traders that are very good in making money still from these opportunity of having different prices across the exchanges, well that is not the discussion for now, just know that the price difference is a normal thing.
It is probably because the coin is running on a different blockchain since it forked. It happened to me and If I had my coins in the other excahnge I would have over 5btc worth. At least I still had some left in the othet exchange and made some decent profit. So it is the fork that caused the coin to be on another blockchain. Sometimes they will stop deposit as well.
If you try to buy from one exchange and sell to the other you will see you cannot since they on different blockchains.
If you try to buy from one exchange and sell to the other you will see you cannot since they on different blockchains.
There is no scam in the ordinary way.
It's not uncommon to have 1%-5% on low volume/low popular coins.
But in this particular case, to have such a real difference, one or both of the exchanges either forbid deposits or withdraws. You can't speak of a wash trades when you actual buying orders at a higher price than the actual sell orders in the second exchange.
Register for both exchanges and check can you really deposit AND withdraw on both. Or by accident, some of the wallets are in Temporary Maintenance...
I think that depends on how many traders that trade those coins and how much money they use to buy and sell the coin. It is normal to see the different price on different exchanges. If you check on the big exchanges and compare between two or three exchanges, you will also see that there is a different price too. If you don't want to feel scam or get scam, you must not trade on that exchange because many other exchanges which will not be a scam exchange.
If you can see a different big gap of the price, you can try to arbitrage trading
But I won't suggest if you don't have enough skills to trade. Besides that, you should think and calculate how long the coin will be arriving in the other exchanges so you can sell the coin at the right time.
If you can see a different big gap of the price, you can try to arbitrage trading
But I won't suggest if you don't have enough skills to trade. Besides that, you should think and calculate how long the coin will be arriving in the other exchanges so you can sell the coin at the right time.
Price between exchanges is only depends on their buy and sell activity right.
exactly .But if there are a lot of different, maybe people will do arbitrage.
like what others said . price of the coins on every exchange do always differ , this is why traders are doing arbitrage trading no matter how big or small the price was but as long as they know what they are doing they can always earn a profit . they will just buy a coin on the exchange that has a low trading volume and then they will sell it at an exchange that has a high volume to be able to earn . But if price keep constant, like it is not moving or maybe equal again, usually 1 of the exchanges maybe have problem with deposit.
if the price does not move it does not mean that there a problem on the exchange . we can only say that no people are trading at the moment . 
Each exchange has a different trading activity and each exchange has a different volume. That is the reason why some shitcoins have different prices on each exchange, not just shitcoin Other altcoins also have different prices at each exchange. Even Bitcoin is the same at every price exchange it's different even though it's a little different. For example the price of bitcoin at $ 8350 binance while at bittrex $ 8300. Difference Such a price does not mean a scam, but depends on trading activities and volume in each exchange.
It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.
Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?
Yes every exchanges is always have different prices, because that is depend on how many people trade there and volume.
If like new coin with low volume, there is will have a big gap with seller and buyer.
That is can be opportunity to arbitrage, but you must calculate detail how much fee, time and price you target.
If wrong, not only lose your money but also your time.
That’s right, it can be a good strategies but it can also be an expensive way of trading. Different exchange, different volumes and different price. As far as I know, the highest price will be the basis of the value of the coin so I think you should choose the exchange with a highest volume to get a higher profit. If like new coin with low volume, there is will have a big gap with seller and buyer.
That is can be opportunity to arbitrage, but you must calculate detail how much fee, time and price you target.
If wrong, not only lose your money but also your time.
for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
[-image snip-]
is there a scam behind the scenes?
[-image snip-]
is there a scam behind the scenes?
It's not tell anything about scam actually. It's a totally normal thing in crypto exchange. Even some times bitcoin also shows different price in different exchanges. Actually it's depend on exchange user activity. But sometimes people use this kinda thing as vent also. So i my guess nothing to worry about it.
It's mainly because of the amount of users from exchange to exchange. If one exchange is more popular and has more people using it, it will have people buying the coin more than the one that doesn't. It doesn't necessarily mean that something shady is going on. However, it could also be a sign of a pump and dump as well. If some group decides that they are going to pump up some random coin no on has ever heard of and 100 people buy it, the price will go up and they will try to sell their coins at that price. If you can get the trade in quick enough, you should buy them from the lower priced exchange and sell them at the higher priced one. It's called Arbitrage and you can do pretty well on it. Just be careful it's not in the middle of some huge pump and dump and you get stuck at the top when the price dumps.
I don't know Breezecoin (BRZE) personally but I'm gonna take your word for it that it's a shitcoin and price differences like this would most likely be a cause of pump and dump groups concentrating on one exchange. I've joined some telegram pump and dump channels just to see how this works and most of them are doing the pump in just one exchange, the price influence would be more effective if they concentrated all their money on a single exchange rather then doing the pump on several exchange. At least in this method they can have a big influence on one exchange, that is why you will see that the other exchange where the prices are higher have more traded volume compared to the other exchange where it has a lower price.
These situations cant really be a called to be a scam one but rather its an arbitrage opportunity for those who do able to spot it out.Exchange prices arent really the same which means they do differ but most of the time only on small gaps thats why when you do see some big gaps on prices then thats the time you do took some advantage on buying and selling between them for you to make money.
Arbitrage opportunities are quite rare so if you do have the chance or able to spot some then better to hurry and trade it.No these arent scams because there are really situations that can trigger out these price differences on any exchangers.
Arbitrage opportunities are quite rare so if you do have the chance or able to spot some then better to hurry and trade it.No these arent scams because there are really situations that can trigger out these price differences on any exchangers.
well, I'm a novice trader and I'm afraid this be a scam, therefore I don't think doing that.
Good that somehow you got the picture of some of the responses here and you got enlightened about arbitrage.
If you are a novice trader, I suggest refraining testing the waters on low volume coins and low volume exchanges until such time that you gained knowledge playing with those. This is to somehow minimize the risks of being sh*t on your first phase of doing trades. Stick with some of the top coins today (per volume) on top exchanges (at least).
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