Bitcoin Forum

Talk about low volume and confusing price matchup, I had endured these sequences on FatBTC exchange service. Trading bots are manipulating the matchup . While sitting my order for two days without any selling offer, I decided to cancel the order. The moment I did , then came transactions that were lower than my buy order that was readily executed. After that it offered several sell order again lower than my offer , I tried to get that order but in vain several tries . It seems it was being manipulated. So I have decided to withdraw my balance. And never will I engage in such exchange again.

Is this a Chinese exchange? they are one of the manipulators in the market since then.

Are you from China? I haven't used this exchange and will never be, I'll stay to some decentralized and well popular centralized instead of trying it.

Yeah I think its a chinese exchange . They are one of the several exchange offering DragonChain and I am not chinese as well not from china . I just withdrew my holdings and transferred it somewhere .

Good decision sometimes we do risk out to use up some exchange because our coins is being traded there thats why we do decide to proceed and good thing that you had noticed those kind of price manipulation movements. Only experienced eyes would able to detect those movements and not a newbie trader can easily spot this one. Its much wiser not to proceed or risk further on with this kind of system.

I thought you're a chinese and that's why you are using this exchange although they are free from foreign traders as well.

I wouldn't use an exchange that I have no idea on their text's and operation, I'm wondering how did you came to use this exchange if you're not living there?

Still a good decision that you withdrew most of your holdings and stopped using that to avoid more problems in the future.