Bitcoin Forum

I think.

They have huge spread and high trade volume. How can it be?

Simple. It's not normal real trade.

Say https://localtrade.pro/trade/7/

as you see there are only 2 real trades there at 0.00013, .00007.

Before it's .00016 and .00006

all the trades are just between those real trades.

So I moved my number to .00013 and .00007

Then all the trades are between those numbers

Those are the company itself making fake trade buying and selling.

They are advertised at coinmarketcap as having huge volume. Those are fake.

I'm not sure I'm following you on this one, I never heard of LocalTrade.pro but what benefit would they earn from faking their trading volumes? as long as they are not responsible for any losses of their users or for doing market manipulation, they are pretty much free to do what they want, either that or I didn't get you.

they make their trading volume looks high on coinmarketcap.

Like $43k daily volume with huge spread.

I do not think the fake trade is done by users. Users would want to safe up on trade fee. I think the exchange itself did the trading
If you look at this

https://coinmarketcap.com/currencies/e-dinar-coin/#markets
https://coinmarketcap.com/assets/funcoin/#markets

unsuspecting trader may want to trade and buy funcoin or edinar thinking that it's a coin supported by huge trade volume. The truth is there is no real trade there

then they will lost their coin and found out that e-dinar can't be converted to anything. That would be my guess.

Unfortunately, i did not beleive in altcoins ever. These coins may be the sub-crypto coins which are not challenging as bitcoin.
There are many past accusations on altcoins which i would not like to mention here.

No. Many alt coins are fine

That func thingy is just a scam. Basically any exchange can create impression of huge trading volume by simply trading with itself. Of course you come buy func and realize no body are really market taker.

I'm not that sure about localtrade.pro as I was not used to it. I have started to use livecoin to learn more about different forms of trading and conversion possibilities. I haven't​ encountered any problems which confirm that it's a legit service provider.

localtrade.pro , is never hear, not trusted and never found announcement thread in bitcointalk, so not recomended trade in there
if livecoin.net is trusted, ready announcement thread in bitcointalk too

I got e-dinar from localtrade.pro

I send them to exrate this is what I got




What the fuck?

May be I am the one that's wrong. Looks like I am making some money there. But the func in livecoin is suspicious as fuck.

I am actually concerned about the livecoin aspect which I am yet to see in your discussion and the reason for that is because I have used livecoin.net  several times and I have no issues using their services although times without number they always have downtime in which the site sometimes go offline even for several hours but they have not started scamming as at the last time I used their services.

I started having doubt my self. The func and e-dinar is problematic. My problem is that I think they make their trade volume looks much bigger than what it really is. It's as if somebody not paying trading fee trades heavily to inflate trade volume.

I will check further

Please spread the word. Livecoin.net is a exchange created by selfish greedy cowards. It is 100% a scam. Just because you haven't been scammed yet by them does NOT mean they will not take your money soon. I recommend getting any funds you have out of their before they are frozen.

Please see my thread exposing these idiots:
https://bitcointalk.org/index.php?topic=2017244.new

Actually I started thinking that livecoin it self is not the one scamming. Some coins like func has scammers in it. They self trade so people buy and then they dump.

Nope, Livecoin said that one of my trades was 100% executed yet it didn't pay me out my BTC in full. I can not manually cancel the trade because it is "executed" already. They stole my BTC and also costed me a really really good arbitrage opportunity with a 24 hour deposit on the ethereum network!