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Author Topic: Coingecko combatting fake volume on exchanges  (Read 3971 times)

Offline diygirl

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Re: Coingecko combatting fake volume on exchanges
« Reply #15 on: May 20, 2019, 05:49:29 PM »
I strongly agree with Coingecko's steps to do this. Because, fake volume does make us sometimes fooled, especially when we are careless and for beginners. Sometimes, we are only fixated on the amount of trading volume on an exchange. But if the volume is fake, then what happens is there is a possibility that we will find shitcoins.

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Re: Coingecko combatting fake volume on exchanges
« Reply #15 on: May 20, 2019, 05:49:29 PM »

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Offline Malam90

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Re: Coingecko combatting fake volume on exchanges
« Reply #16 on: May 20, 2019, 06:38:49 PM »
Coingecko has introduced its Trust Score recently to fight fake exchange volumes. I think this is a much needed change since many are still relying on volume when choosing an exchange to trade but are unaware that those volume are manipulated.

More at https://blog.coingecko.com/trust-score/

Coingecko shows sometimes fake volume. I have noticed it sometimes. Not only coingecko but also coinmarketcap shows sometimes fake volume and price of tokens. So this is unexpected, for this reason we face problem seeing this fake information.

Offline sturec22

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Re: Coingecko combatting fake volume on exchanges
« Reply #17 on: May 20, 2019, 10:42:18 PM »
Coingecko is doing a great job for the crypto community.
Coinmarketcap is really slow in this job, also the tokens listed are not satisfying in the last year. I think coingecko should work more on this issue and don't let go.

Offline ZionRTZ

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Re: Coingecko combatting fake volume on exchanges
« Reply #18 on: May 21, 2019, 10:06:35 AM »
I am still trying to figure out how they intend to combat Fake volume exchanges and with what tool. This Fake volumes has been here for a long time and they never did anything so I wonder why it became so important to them now

We all know there have been published studies on fake volumes, they are taking advantage of this recent issue to stay relevant and get more users. We may not like it but it is just the way it is. 

Offline aji678

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Re: Coingecko combatting fake volume on exchanges
« Reply #19 on: May 21, 2019, 01:50:18 PM »
coingecko is an old site and this is a way of knowing which coins or tokens we have have real trading volumes and are not manipulated. this change will definitely have an impact for the future and more and more people will become familiar with coingecko. this is a good achievement.
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Offline Warung_lontong

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Re: Coingecko combatting fake volume on exchanges
« Reply #20 on: May 23, 2019, 12:44:34 AM »
it is true that many people see in terms of volume to trade, and I also believe that volume is manipulated in attracting the attention of traders.
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