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Author Topic: cryptocurrency trading volume is likely fake  (Read 16518 times)

Offline vegasus

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Re: cryptocurrency trading volume is likely fake
« Reply #30 on: July 26, 2019, 11:54:42 PM »
It may be true, but we can't give the proof. Sometimes, the fake trading volume from the exchange aims for gaining more users or members in the exchanges. If the trading volume is really fak, of course, it makes the reputation bad. But so far, I don't know which exchange does this.

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Re: cryptocurrency trading volume is likely fake
« Reply #30 on: July 26, 2019, 11:54:42 PM »

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Offline Rofiastuti

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Re: cryptocurrency trading volume is likely fake
« Reply #31 on: July 27, 2019, 03:49:30 AM »
True or false that the volume of exchange is fake as a newbie I do not understand correctly. in my opinion, whatever happens, however, the condition of our market of crypto must always be positive thingking, patient and still enthusiastic in doing the trading. confident in our own abilities - each in reading the market.

Offline juv3ntus1

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Re: cryptocurrency trading volume is likely fake
« Reply #32 on: July 29, 2019, 09:54:19 AM »
Coingecko are trying to help on this situation they are  makeing own raports,even i don't belive its 100 % correct ,on some exchange are a huge differente.
https://www.coingecko.com/en/exchanges
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Offline EtherFenix

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Re: cryptocurrency trading volume is likely fake
« Reply #33 on: July 29, 2019, 03:03:28 PM »
Many exchanges have bots that increase the volume of trading to attract attention, there are many such exchanges, but I know for a fact that there are no such bots on Bittrex
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Offline Quart

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Re: cryptocurrency trading volume is likely fake
« Reply #34 on: July 30, 2019, 11:56:30 PM »
fake Trading volume may not be something that is uncommon. I think that many exchanges or team do this thing because they want to attract more investors or members to trade in the exchange. Of course, it is not fair because we may not see the exact daily trading volume exactly.

Offline Nanagyasi

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Re: cryptocurrency trading volume is likely fake
« Reply #35 on: July 31, 2019, 12:19:06 AM »
Well, it can be that what they are saying is true but how does that affect me??
It may even have a positive side of which is the most important thing to me as a trader

Offline zendicator

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Re: cryptocurrency trading volume is likely fake
« Reply #36 on: August 01, 2019, 06:26:04 PM »
There are always crypto exchanges that do fake trading volumes, I have tried several times to trade by placing orders below the prices listed in the crypt exchange list, but the number of my orders has never been sold even though there is a trading history below the price I ordered.

this is true to the most of the exchanges

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Re: cryptocurrency trading volume is likely fake
« Reply #36 on: August 01, 2019, 06:26:04 PM »


Offline Whate

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Re: cryptocurrency trading volume is likely fake
« Reply #37 on: August 03, 2019, 05:44:59 PM »
we cannot know for sure whether the amount of crypto volume available is true or false. we can only know through the reports in the white paper. the real thing we cannot know. the most important thing is to keep thinking positive so that we can be patient in the crypto trade.
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Re: cryptocurrency trading volume is likely fake
« Reply #38 on: October 31, 2019, 10:51:19 PM »
Fake trading volume issue has been spreading out for a long time. But not all exchanges are included in this problem, Binance and indodax are two of them. The reputation of exchange will be influenced by the issue. It is better to choose other exchanges to trade.
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Offline Coin63@

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Re: cryptocurrency trading volume is likely fake
« Reply #39 on: November 01, 2019, 02:06:18 AM »
Yes sir your information is correct and they perform their whole trading system with Bot. There fake volume trading may hamper our whole trading ecosystems.

Some major fake volumes exchange
P2pb2b
Coinsbit
Dobitrade

Offline LogiC

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Re: cryptocurrency trading volume is likely fake
« Reply #40 on: November 01, 2019, 02:31:25 AM »
Yes sir your information is correct and they perform their whole trading system with Bot. There fake volume trading may hamper our whole trading ecosystems.

Some major fake volumes exchange
P2pb2b
Coinsbit
Dobitrade

Well its proven that they are faking the volume but, there is an option for the exchange or feature called market making, I know lots of exchange have this service to fully open up to project to make their coin gain liquidity to help in creating some volume. But to be honest, I dont think this is so called a service. Of course everyone here wanted to trade the coin naturally and having this kind of activity isn't totally natural. Although it can be seen or look blended perfectly but still isn't good.
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Re: cryptocurrency trading volume is likely fake
« Reply #41 on: November 01, 2019, 04:56:06 PM »
Yep there are many exchanges that has fake volume like bitforex. I used bitforex exchange before because the team listed their token. I found out that bitforex using fake volume. I don't know why these exchanges using fake volume, maybe because of volume ranking? they just want to be top 10 highest trading volume?..

Offline Nostoman

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Re: cryptocurrency trading volume is likely fake
« Reply #42 on: November 01, 2019, 05:48:14 PM »
Up to 86% of total reported cryptocurrency trading volume is likely fake, according to analysis of exchange website visits



The Block analyzed 48 cryptocurrency exchanges, focusing on monthly traffic over the past six months (ranging from November 2018 to April 2019)

There were nearly 800 million cryptocurrency exchange website visits in that time period
The Block compared the number of website visits to trading volume across exchanges to identify suspects that participate in faking trading volume, as indicated by disproportionately high volume relative to website visits
The exchanges that have by far the highest volume per website visit, and which are likely engaging in significant volume faking are Coineal, Fatbtc, BW, BitMax, LBank, DOBI Exchange, Bit-Z, DigiFinex, Idcm, DragonEX, ZB, CoinTiger, IDAX, Bibox, CoinBene, BitForex, Bithumb, Negocie Coins, Liquid and OKEx
On the other hand, Indodax, BX Thailand, Luno, CEX.IO, Zaif, and KuCoin do not appear to be faking any volume unless they are also engaging in faking traffic
Over the past six months, the total reported trading volume was $1.96 trillion, of which only $272.5 billion appears to be real trading volume on non-volume faking exchanges
About 86% of the trading volume looks to be fake with 65% of that total real volume originating on Binance and Bitfinex, both of which have virtually no regulatory oversight
Bitwise released a 104-page white paper on Friday, which examined exchanges for fake volume, and found that roughly 95% of reported trading volume in bitcoin is fake or non-economic in nature. Bitwise used screen scrapers to collect live trading data from over 80 exchanges for a period of several months. The only 10 exchanges that passed Bitwise’s

https://www.theblockcrypto.com/2019/05/28/up-to-86-of-total-reported-cryptocurrency-trading-volume-is-likely-fake-according-to-analysis-of-exchange-website-visits/


Everyone Sayes that cryptocurrency trending volume is fake, there are many exchanges fake volume. For a example p2pb2b likely fake.             

Offline Lanirex

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Re: cryptocurrency trading volume is likely fake
« Reply #43 on: November 01, 2019, 11:29:15 PM »
There are indeed some exchanges that provide false information about trading volumes on their platforms, the aim is to attract traders. But actually the way it is wrong and can harm traders, that is the reason why we must be careful if you want to trade Crypto coins. Lots of fraud that can harm us.

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Re: cryptocurrency trading volume is likely fake
« Reply #44 on: November 02, 2019, 05:15:49 PM »
Superb information brother.. Some bot trading exchange trading volume always fake. I example such kind of exchanges,, P2pb2b, dobitrade, Coinsbit, biki, coinexchange, exrates etc... So should be alart such kind of fake volumes.

 

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