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samcrypto
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August 02, 2019, 01:02:54 AM
 #21

There are several possibilities why exchangers choose to make fake volume. Like increasing liquidity to attract new traders to their platforms. Or fake volume is usually done by one trader but with multiple exchanger accounts by doing wash trading. and the third possibility is due to manipulation of the exchanger.
That possibilities are really working, its more on the fake volume with the coin itself but most of the time it is being executed by the exchange. Even a top coins are being manipulated, there's a fake volume and a fake value after all. Cryptocurrency are prone to this one, actually many investors are losing money because of this fraud. I hope for the exchanges to be more transparent and to let their users appreciate their own platform and not to deceive them.

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August 02, 2019, 02:05:13 AM
 #22

Most smaller exchanges do create fake volumes. Examples are: Dobitrate, coinbit, bitebtc (scam exchange), Idax and many others. Some do this to lure unsuspecting traders to their exchange thinking they will could perform an arbitrage.

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August 02, 2019, 02:23:32 AM
 #23

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

it's clear if they are making a fake exchange volume I think maybe it's just to boost investors and attract investors. furthermore they are not able to get large volumes normally, so I think now this is just a trick and we have to be careful with tokens like that.

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August 02, 2019, 04:07:43 AM
 #24

That's not a new thing here in the cryptocurrency world. That's why I don't trust coinmarketcap that much because most projects do wash trading in order to attract more attention to others. I've been in a project that do this but instead he made a competition to trade and add volumes and compensate those who do this. It's wrong because it's unnatural and it tells something about the project.

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August 02, 2019, 06:09:17 AM
Last edit: August 02, 2019, 08:19:59 AM by malevolent
 #25

All Bitcoin trade volumes are false, this is because P2P and local bitcoin trades are not included in the published stats. I suspect this is where the largest volumes occur as well during normal trading periods.

My bet would be that larger volume is in OTC trades between whales, exchanges, 'institutional' investors, people making a living from buying/selling outside LBC, etc. People who initially met via LBC might also want to forgo the middleman and his fees next time if they trust one another enough.

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August 02, 2019, 06:23:48 AM
 #26

A few years ago, exchanges in the Asian countries faked their trading volumes because they were in competition with other exchanges to get more people to trade on their platforms. So to show that you have a popular platform, you have to fake the trades to create the perception with "new" traders that they would have a better chance to get their buy or sell orders to go through quicker than with their competition.

I know the regulators clamped down on some of these exchanges and some were also closed down, but I have not heard of any of them being closed recently, so I guess it is not that prevalent anymore.  Huh

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August 02, 2019, 06:47:57 AM
 #27

Not only in small exchange, even in big exchange there are fake volume.
You should be aware than this market can be manipulated by those who have the power to do so, they are the whales in particular.
There is no transparency here, of the total exchanges in the market, there are only few that shows real volume and the rest are accuse of wash trading.

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August 02, 2019, 12:28:24 PM
 #28

Fake trading volumes are some of the marketing strategies used by team members of projects to lure crypto investors to invest into their project. This is a collaboration which is initiated by the team members of the project but the developers of the exchange platform are the ones that execute all this fake volumes.  I really hate exchange platforms that brings this up and most of them are really small exchanges that have just come into the cryptospace. However investors should also not invest into projects that have their coins being manipulated.




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August 02, 2019, 03:18:41 PM
 #29

Fake trading volumes are some of the marketing strategies used by team members of projects to lure crypto investors to invest into their project. This is a collaboration which is initiated by the team members of the project but the developers of the exchange platform are the ones that execute all this fake volumes.  I really hate exchange platforms that brings this up and most of them are really small exchanges that have just come into the cryptospace. However investors should also not invest into projects that have their coins being manipulated.
I've never think how it becomes effective to attract traders and investors as well.  Doing such thing will only be losing potential clients and the trust of the community.
It is better for them to tell the truth and never give lies. I know it is attractive to look those huge volume but somehow, hiding the truth will only ruining their reputation.




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August 02, 2019, 03:26:13 PM
 #30

There are 2 things that are very influential namely the project and the exchange, who actually created the fake volume?

From one of the articles, quoted on the list of top exchange only 3 of the 25 exchanges were declared real volume

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August 03, 2019, 12:09:28 PM
 #31

This issue it's been around for quite a long time now that exchanges are being accused of faking volumes to gather popularity of such coins or tokens in order to gain or increase liquidity to attract buyers of course. Sad to say that all that allegations were true after all and even popular exchanges does that to make their platform popular.
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August 04, 2019, 07:51:25 AM
 #32

When we talk about new tokens/coins generating fake volume is simply for them to be listed in CMC and not only that but also to attract more investors since when they get listed there, they are exposed to many investors
And also fake volume generation is part of advancement in cryptocurrency technology  Grin Grin
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August 04, 2019, 10:11:44 AM
 #33

many coins create fake volume for different purposes

1 to scam ( pump and dump)

2 to maintain volatility ( common reason every project tells  Grin but only less coins do it)

3 to make a hype and show some green candles and to be visible at top gainers

4 and other reason like as you said to list in exchanges and to maintain minimum volume

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August 04, 2019, 12:33:21 PM
 #34

Exchanges do this mostly to increase their volume for aytracting more users. On the other hand, there's some altcoin which also do the same to get listed on CMC or have more investors.

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August 04, 2019, 12:52:57 PM
 #35

Exchanges do this mostly to increase their volume for aytracting more users. On the other hand, there's some altcoin which also do the same to get listed on CMC or have more investors.
^ So, it was clear that these are all about marketing strategies between exchange and the project owner where their coin listed and having fake volume and probably to get attention to the investors and traders. It seems all of these are untrustworthy activities, they are fooling people by having fake volume. As an investor or traders, we should know how to research first before investing by fake volume coins which is lead us into a losing fund.

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August 04, 2019, 02:33:31 PM
 #36

This is why I don't tend to look below the top coins in CMC that much even if the coins seems to show that it has high trading volume that will kinda make you think that you're  not investing into a potentially dried out coin. If the project/ICO just succeeded recently, I am not quite surprised that it will show its preliminary trading volume at its highest.

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August 04, 2019, 06:33:36 PM
 #37

Ask yourself this. If you one day decided to launch a for-profit coin project (I'm pretending that some people still launch them for non-profits these days), and you know that the only real way to get your coin to value up and drum up enough demand for you to dump and make your killing is to get your coin somehow noticed on exchanges... then you'd do everything in your power to achieve just that.

And what gets coins noticed on exchanges? Log in to Bittrex and what's the first thing you see? The coins with the biggest trading volumes of the past 24 hours. See Coinmarketcap or most other metric sites. What's the first thing coins are ranked by? Trading volume.

Everything in your power means things you can do and control.

And fake volumes, for now, is still something people can manipulate with reasonable ease.

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August 04, 2019, 09:58:41 PM
 #38

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.



This is a purpose of small exchange, when they manipulate volume it will make a trade history in their exchange. If they make fake volume in new coin or small coin it won't attract many users, but if they make fake volume with popular coin it will attract many user to use their exchange and and trade thoose coin. Let say you want to use thoose exchange and want to start to trade popular coin, i guest you won't get any profit.

I saw some small exchange doing this, but when i start trade i got no profit and i realize that that's fake volume / fake order. When you meet exchange with this condition, withdraw your coin soon as possible and dont use it again

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August 04, 2019, 10:22:57 PM
 #39

See Coinmarketcap or most other metric sites. What's the first thing coins are ranked by? Trading volume.

These index sites have been the main reason we have seen wash trading increase up to today's severe degree. It's an effective form of marketing.

If you look at the traffic information of exchanges, CMC will mostly show up as the number one traffic provider. And guess what exchanges are on the very top of the wash trading list..... Right, Asian exchanges! They pushed actual fiat exchanges such as Coinbase so far down that they are ranked as nr 40-80 depending on the day, lol. Pathetic.

The only 'good' thing is that people aren't actually paying to access these sites and if you ignore the fake volumes, they do provide a wide variety of useful features.
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August 04, 2019, 10:28:30 PM
 #40

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.



This is a purpose of small exchange, when they manipulate volume it will make a trade history in their exchange. If they make fake volume in new coin or small coin it won't attract many users, but if they make fake volume with popular coin it will attract many user to use their exchange and and trade thoose coin. Let say you want to use thoose exchange and want to start to trade popular coin, i guest you won't get any profit.

I saw some small exchange doing this, but when i start trade i got no profit and i realize that that's fake volume / fake order. When you meet exchange with this condition, withdraw your coin soon as possible and dont use it again

Yes, you will surely know if an exchange is doing the wash trading or faking the volume of a particular coin. If you are an experienced trader, you can easily spot those trends. And once you saw such performance, better get out and trade with more reputable exchanges. Better lose a lil bit of money rather than lose all your investments.
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