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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: matej451 on April 30, 2019, 07:03:03 AM



Title: End of FAKE volume reporting
Post by: matej451 on April 30, 2019, 07:03:03 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.


Title: Re: End of FAKE volume reporting
Post by: Shatterlean22 on April 30, 2019, 07:07:04 AM
I hope the problem of fake volumes will be fixed as well, its a shame that very few exchanges have real volumes ,if any penalized will be introduced its for the better


Title: Re: End of FAKE volume reporting
Post by: agusiska on April 30, 2019, 07:08:36 AM
most of ICO project did a fake report volume neither for daily or weekly volume, just because they want to attrach more new investor for their project, and of course this is a bad thing to do because many of us got cheated by them.


Title: Re: End of FAKE volume reporting
Post by: Sacramentus on April 30, 2019, 07:18:41 AM
Fake volume issues is one problem for crypto market.  Almost 90% of crypto exchange shows Fake volume and this is very bad. Like someone said, icos posts Fake report of raised amount and that's correct. We need to tackle this problem, there are many dubious minded people amongst us


Title: Re: End of FAKE volume reporting
Post by: labilaab on April 30, 2019, 08:00:58 AM
You are right. Some of this exchanges I suspect are those that are not listed or in partnership with other top exchanges at least.Thats why they are freely can do what they want like cheating on their traded volume to deceive people to trade with them. Hoping there will be more implementation of prevention for this to take place this year regarding this matter.


Title: Re: End of FAKE volume reporting
Post by: Nekoma2018 on April 30, 2019, 08:16:46 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
This is Indeed a welcome development.. exchanges like latoken oex coinsbit exchange are just filled with fake volume with little to no traders In these exchanges


Title: Re: End of FAKE volume reporting
Post by: bgaf on April 30, 2019, 08:31:30 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Coinmarketcap take this into consideration? Or more less tolerate their action. I can see how top exchanges manipulate their volume and its funny cmc still recognize the volume though their putting on their site reported volume and adjusted volume. Nevertheless they still letting those.exchange play the rule. Only few actually really does natural volume. I will not mentioned those exchanges who face to face using bot to manipulate their trading activity. I just like to mentioned Binance as a role fod a good exchange with lots of traders. Only problem here is the exchange doesnt use manipulation but the whales using their exchange really do manipulation. They should have strict on regulations of investors to be vivid since most whales playing prices of some coins.


Title: Re: End of FAKE volume reporting
Post by: puertorikosena on April 30, 2019, 09:01:15 AM
It seems to me that the wrong trading volume is shown not only in the cryptocurrency market. Indeed, this issue needs to be addressed. Because of the wrong indicators, many traders make the wrong trading decisions.


Title: Re: End of FAKE volume reporting
Post by: eternalgloom on April 30, 2019, 09:03:07 AM
Coinmarketcap already does exclude some volume, but they can go a little bit further than that.
It's good that they exlude volume from zero fees exchanges, since people can just increase the volume exponentially.

You can see it when you click on the exchanges tab for each coin.


Title: Re: End of FAKE volume reporting
Post by: Mcmich on April 30, 2019, 09:05:48 AM
The faking of volume is just in ten high increase now. Something really needs to be done about it as you said. Such fake volumes are very deceiving.


Title: Re: End of FAKE volume reporting
Post by: carter34 on April 30, 2019, 09:41:49 AM
It seems to me that the wrong trading volume is shown not only in the cryptocurrency market.

I don't think it is there in the forex market. I think because the forex market is regulated, certain things are properly handled to the extent that if there is stealing, cheating or presention of wrong data of a broker etc, there is appropriate sanction.


Title: Re: End of FAKE volume reporting
Post by: CryptoBry on April 30, 2019, 09:51:36 AM


It is about time, actually. I could not understand why TRUTH has been always sacrifice in the world of cryptocurrency. We have to go back to saying and reporting facts so that people's trust and confidence can start to be getting back to the whole industry. The time has come to demand facts and not made-up figures just to push someone's interest. CoinMarketCap has to make sure that they are sharing facts and not be another alley of manipulators and liars in this industry.


Title: Re: End of FAKE volume reporting
Post by: niisarearning on April 30, 2019, 10:07:32 AM
One more major factor for this fake volume is more and more new exchanges . These exchanges gets reputation based on the volume trading in their exchanges . So these people showing more volumes . Again Coinmarketcap failing to monitor these new exchanges beeeing added every other day.


Title: Re: End of FAKE volume reporting
Post by: BitcoinCazh on April 30, 2019, 10:18:41 AM
yeah i agree coinmarketcap have action about this problem, i have see some market exchange claim their have much stock of bitcoin, if i count in a few market the total supply of bitcoin its more than max supply bitcoin 21million


Title: Re: End of FAKE volume reporting
Post by: Dr.Sponge on April 30, 2019, 10:20:57 AM
Well, it looks like the most of exchange is now gonna scamming us by manipulating the volume reporting, not just ICO or IEO or STO.


Title: Re: End of FAKE volume reporting
Post by: Genemind on April 30, 2019, 10:28:19 AM
This is something that they should do something about. It affects most traders and investors because this is a form of a scam and it deceives people. Exchanges should be aware of it and must eliminate coins which are causing this kind of fraud. There are also new exchanges who are spreading fake volume and it confuses traders.


Title: Re: End of FAKE volume reporting
Post by: hrunya102 on April 30, 2019, 10:46:13 AM
It is very difficult to trust exchanges with fake volumes, I sometimes faced the fact that I could not sell some token, although the bots continued to exhibit orders.


Title: Re: End of FAKE volume reporting
Post by: ginobitcoiner on April 30, 2019, 11:16:07 AM
very many exchangers did this, I also felt that I had been hurt several times.
coinmarketcap only displays data from the exchanger without a proper audit of the correctness of the data.


Title: Re: End of FAKE volume reporting
Post by: fortunecrypto on April 30, 2019, 11:17:27 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

I'm glad that these things happen this early, this is the best time for these exchanges and coinmarketcap and the like to show us the real picture, now that the momentum for the coming bull run is coming, we don't want people who are just coming into the industry that there are connivances and corruption in the volume.


Title: Re: End of FAKE volume reporting
Post by: zgrdyg on April 30, 2019, 11:44:27 AM
It is very easy actually.

In coinmarketcap they can add a "report fake volume" tab, and if some exchange giving fake data, they can delete it. Also it is very easy to spot fake volume. Just open a shitty exchange with huge volume and choose their biggest volume pair, you would see.


Title: Re: End of FAKE volume reporting
Post by: Distinctin on April 30, 2019, 11:46:39 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.
If regulation will come in, this will be corrected as faking volume then is going to be a serious offense and will be punishable by the law.


I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
They also need to do this because most investors are looking at their site, it's part of their responsibility to provide an accurate information so as not to mislead the people in the space.


Title: Re: End of FAKE volume reporting
Post by: BADBITCH on April 30, 2019, 11:53:34 AM
I wouldn’t blame coinmarketcap entirely; it picks trade as it happens

So if a token is at 0.01$ and someone buys at 1$
Automatically coinmarketcap displays 100% increase

It is up to traders to verify the volume


Title: Re: End of FAKE volume reporting
Post by: jrrsparkles on April 30, 2019, 11:58:54 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Coinmarket already reported and founf for giving fake prices and volume abput crypto exchanges for that they may getting paid so I don't think they will involve in restricting the fake volume.Not sue about the other price and market capp related site will they make any difference?


Title: Re: End of FAKE volume reporting
Post by: plr on April 30, 2019, 02:01:45 PM
I was surprised to find out these fake volumes, all I thought the whole time they are showing the true stats and volume, but it's not yet late if coinmarketcap cannot keep up and show transparency, soon a competitor will come out to beat them in their own game, people want transparency since they are looking on volume to make a decision.


Title: Re: End of FAKE volume reporting
Post by: CAPT.DEADPOOL on April 30, 2019, 02:21:31 PM
there are many people who are known to be fake and scam exchangers, so traders and investors are keeping these exchangers out of the way that they can not really avoid these situations because they tend to be crippled and have other people like them hobbie so keeping everything a lot it is important to pay attention to the volume of exchanger and fake altcoins of exchangers or other exchanger admins that the game makes the volume so attractive to other people and investors.


Title: Re: End of FAKE volume reporting
Post by: alexsandria on April 30, 2019, 03:38:00 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

The innovations really are growing in the market, and there is nothing they can do in order to be competitive enough to attract customers than to fake their trading volumes on their respective exchange platforms. I think if they are really good to say, after they have gotten their customers trade on their platform, they should stop the operation of fake volumes.


Title: Re: End of FAKE volume reporting
Post by: Adriano2010 on April 30, 2019, 06:29:18 PM
I also wish that fake volume trading be stopped, but for this we need i think some good programmers who can build an api who report real volume or exchange who report fake volume to stop it.


Title: Re: End of FAKE volume reporting
Post by: bitcoin-shark on May 01, 2019, 07:23:19 PM
experienced traders must personally check the volumes of the exchanges and not rely on site statistics, I hope that coinmarketcap will find a way to show only the real volumes...


Title: Re: End of FAKE volume reporting
Post by: Ailmand on May 01, 2019, 07:48:16 PM
It actually deceives most traders who only base their decisions on the trading volume. I guess it's something that CMC should focus on. It's another form of scamming and I just wish that they would eliminate this form of deception. It's decreasing the reputation of exchanges and coins so I guess this is something that they should clear out.


Title: Re: End of FAKE volume reporting
Post by: FelippeHeinz on May 01, 2019, 07:52:52 PM
I believe in self-regulation of the market, we have to keep a constant watch. Exchanges with fake volume should be punished by the market, starting with us users.


Title: Re: End of FAKE volume reporting
Post by: SMOKEU on May 01, 2019, 07:59:55 PM
this could be done when all of us can report those exchange whose volumes are fake.. coinmarketcap should take action on this as some exchange can scam people who wants to use their exchange


Title: Re: End of FAKE volume reporting
Post by: mrdeposit on May 01, 2019, 08:17:16 PM
Coinmarketcap mostly takes the data included volume numbers from the various exchanges. Fake volumes can be a reason why we see higher market cap numbers than normal days.


Title: Re: End of FAKE volume reporting
Post by: mensahkkofie on May 01, 2019, 08:20:59 PM
I think we can help services like coinmarketcap to do the right thing. As crypto enthusiasts or traders who do not want to be deceived by fake volume, we can easily see to it that we report fake volumes by the exchanges to the appropriate channels.


Title: Re: End of FAKE volume reporting
Post by: Mehr Sher on May 01, 2019, 08:51:32 PM
This is why I have said it so many times that please check out top sites that could give you complete Crypto Stats (https://cryptolinks.com/cryptocurrency-statistics), as it will help you know the market better and will allow you to understand things a lot easier. If you don’t do that then you will always will be unable to make a good move and eventually you will end up at the wrong side of things. So, this is where and why you have to be wise with your decision making.


Title: Re: End of FAKE volume reporting
Post by: miropp on May 01, 2019, 09:39:45 PM
It had to happen. Fake volume are a big problem and this issue must be resolved. Well that this began to correct and I hope that soon this will come the end of the.


Title: Re: End of FAKE volume reporting
Post by: Brainnin on May 01, 2019, 09:50:46 PM
The issue of exchanges having fake volume is becoming another thing, now small exchanges will have to use bots to fake their daily volume just to be ranked, I hope all this will be resolve soon.


Title: Re: End of FAKE volume reporting
Post by: Ben Shedly on May 01, 2019, 10:10:03 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Those people who have long been trading in the crypto market are well aware of those exchanges that engage in deceiving users and artificially increase trading volumes. I have long ignored such exchanges and trade only on those exchanges where trading volumes are shown almost without cheating.


Title: Re: End of FAKE volume reporting
Post by: Maamejane on May 01, 2019, 10:16:10 PM
It sometimes  really amazing how some exchange platform connive with some project teams to just deceive investors. But I don't blame them that much since what these exchanges are interested in is the project been able to pay their listing fee that's all, they just think about themselves and no one else which is very bad.


Title: Re: End of FAKE volume reporting
Post by: rarkenin on May 01, 2019, 10:16:20 PM
Long term trading teaches us to read the charts without the help of third-party tools on some sites like CMC. Volumes are fake, undoubtedly but it doesn't mean all transactions are fake too on the big exchanges.


Title: Re: End of FAKE volume reporting
Post by: bartusv on May 01, 2019, 11:19:35 PM
Exchanges reporting fake volume is very confusing and misleading.
They should stop with that practice or there should be a way to calculate the real volume. That issue should be solved as soon as possible.


Title: Re: End of FAKE volume reporting
Post by: Psynthax on May 02, 2019, 01:26:50 AM
Coinmarketcap already does exclude some volume, but they can go a little bit further than that.
It's good that they exlude volume from zero fees exchanges, since people can just increase the volume exponentially.

You can see it when you click on the exchanges tab for each coin.
But when you are seeing another marketcap site and there was a lot of gap between CMC and another marketcap site. i don't talk about coingecko at this moment. there was a marketcap site that only counts the real volume but i forget about the name of that site.


Title: Re: End of FAKE volume reporting
Post by: boyz97 on May 02, 2019, 01:34:35 AM
Coinmarketcap already does exclude some volume, but they can go a little bit further than that.
It's good that they exlude volume from zero fees exchanges, since people can just increase the volume exponentially.

You can see it when you click on the exchanges tab for each coin.
But when you are seeing another marketcap site and there was a lot of gap between CMC and another marketcap site. i don't talk about coingecko at this moment. there was a marketcap site that only counts the real volume but i forget about the name of that site.
fake daily volume trading be our problems now.manipulation started from this thing and it could influence new investors trapped .we need some standardization to count market capitalization , and also exchanges need to report their reall volume.


Title: Re: End of FAKE volume reporting
Post by: chaoscoinz on May 02, 2019, 03:02:33 AM
I think the market is slowly changing as institutional investors are now beginning to show keen interest in the cryptocurrency sector.
   One of the only things holding back an ETF at this point is the market manipulations like fake volume, and other things that may be harmful to investors. The bull market really needs the big guys to invest in order to take off.
   Big investors will hopefully bring confidence and stability.


Title: Re: End of FAKE volume reporting
Post by: Natalim on May 02, 2019, 04:31:11 AM
I think the market is slowly changing as institutional investors  are beginning to showing keen interest in the cryptocurrency sector.
   One of the only things holding back an ETF at this point is the market manipulations like fake volume. The bull market needs the big guys to invest.
It is and as what we noticed now, the volume is good compared to last years bearish period.
Having over $40 billion daily trading volume is a signal that the market is recovering, the confidence of the investors are coming back again.


Title: Re: End of FAKE volume reporting
Post by: steveabrahams on May 02, 2019, 04:45:07 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Yeah, i hope coinmarketcap can know this fake volume on some exchanges. I'm sure some exchanges did kind of this shady things. We, as a trader also need to report it to coinmarketcap, so they can do something about it. Fake volume is a big one though on exchange, so i hope no exchange do this anymore in the future.


Title: Re: End of FAKE volume reporting
Post by: Distinctin on May 02, 2019, 07:30:19 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Yeah, i hope coinmarketcap can know this fake volume on some exchanges. I'm sure some exchanges did kind of this shady things. We, as a trader also need to report it to coinmarketcap, so they can do something about it. Fake volume is a big one though on exchange, so i hope no exchange do this anymore in the future.
It's a hard job for them in knowing whether the volume reported is accurate, the solution I think is if they caught an exchange faking the volume, they need to exclude it on the list. More brutal but sometimes they have to do it the hard way so these exchanges will learn.


Title: Re: End of FAKE volume reporting
Post by: guoyu78 on May 02, 2019, 07:36:00 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
It would be very difficult to solve this problem especially in the crypto space, which is a free market and anyone can operate within it's jurisdiction without being questioned by any government agencies or individuals, what I meant to say is that there is no one regulation body controlling the activities of this exchanges, and there is definitely no way we can monitor all exchanges to bring out which one has fake value and those that are actually real, so I don't really think there is a solution to this problem unless we become a centralized platform.


Title: Re: End of FAKE volume reporting
Post by: Yaunfitda on May 02, 2019, 07:36:27 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Well there are those organizations who reported fake volumes. But as much as it's a fraudulent practice, who are going to stop them? There are no regulatory bodies to begin with?

And as far as CoinMarketCap? They are business entity so I doubt that they will take that into consideration. They even promoted ponzi scheme ads in their website, people called them but they didn't do anything because they are in the business of making money.


Title: Re: End of FAKE volume reporting
Post by: DeathProxy on May 02, 2019, 09:01:25 AM
This is a real issue that needs to be sorted ourt. Most exchange on CMC uses bots to report fake volume which is misleading to crypto traders.  If CMC can real data from exchange it will help reduce manipulations and bring in new investors


Title: Re: End of FAKE volume reporting
Post by: Taufik blackspade team on May 02, 2019, 09:05:01 AM
This is a real issue that needs to be sorted ourt. Most exchange on CMC uses bots to report fake volume which is misleading to crypto traders.  If CMC can real data from exchange it will help reduce manipulations and bring in new investors
I heard that there was an update regarding this issue. where some assets are not good, and listed on exchanges that are not supported, they will no longer be in cmc. there must be sorting for exchange, so that the assets seen and registered in cmc are also true and do not cause fraud.


Title: Re: End of FAKE volume reporting
Post by: WannaCry on June 20, 2019, 06:08:48 PM
there are exchanges do the fake pump, especially those new exchanges that offers erc20 tokens..


Title: Re: End of FAKE volume reporting
Post by: auntyjmary on June 20, 2019, 06:32:21 PM
The bots are mostly the cause of the fake volume and problems with sell/buy orders. The huge number of reports on fake volume on the various exchanges is causing a lot of  problems for the world of cryptocurrencies. This is a bad image as many people would lose interest in participating in trading activities on the exchanges.


Title: Re: End of FAKE volume reporting
Post by: malekbaba on June 20, 2019, 07:21:33 PM


I think we can do something as a community. Fake volumes are not helping us. New people who actually does not know abut wash trading or fake volume are usually the great sufferer. And unfortunately coinmarketcap and services like that already aware on this situation but may be they get some benefits from those exchanges. But we should work on this. We cant do a good job by any bad means. Crime always gives birth of another crime. Honestly, I think that these problems will be solved soon. Crypto cold war is already started and we will see massive adoption. But we need to solve problems like these.
Lets start : https://coinmarketcap.com/request/


Title: Re: End of FAKE volume reporting
Post by: Twinkledoe on June 20, 2019, 07:30:09 PM


I think we can do something as a community. Fake volumes are not helping us. New people who actually does not know abut wash trading or fake volume are usually the great sufferer. And unfortunately coinmarketcap and services like that already aware on this situation but may be they get some benefits from those exchanges. But we should work on this. We cant do a good job by any bad means. Crime always gives birth of another crime. Honestly, I think that these problems will be solved soon. Crypto cold war is already started and we will see massive adoption. But we need to solve problems like these.
Lets start : https://coinmarketcap.com/request/

Another job for cmc but I doubt they will look into this matter at the moment. They need staff to investigate for these problems. Wash trading is common to almost all of the exchanges even the top ones. If you are an old timer, you will know if wash trading is happening. What a new and small trader can do is, learn the ins and outs first in crypto, study the project that he wants to do the trading with. If he knows what's going on with that platform, he will basically know if the volume is fake or not.


Title: Re: End of FAKE volume reporting
Post by: MikeyVeez on June 20, 2019, 07:33:11 PM
There will not be any penalties.. For what? Crypto exchanges are not stealing money or not paying taxes. There is no rule that they have to report real volume and thats why the do it.  ::)


Title: Re: End of FAKE volume reporting
Post by: Mahanton on June 20, 2019, 07:45:06 PM


I think we can do something as a community. Fake volumes are not helping us. New people who actually does not know abut wash trading or fake volume are usually the great sufferer. And unfortunately coinmarketcap and services like that already aware on this situation but may be they get some benefits from those exchanges. But we should work on this. We cant do a good job by any bad means. Crime always gives birth of another crime. Honestly, I think that these problems will be solved soon. Crypto cold war is already started and we will see massive adoption. But we need to solve problems like these.
Lets start : https://coinmarketcap.com/request/

Another job for cmc but I doubt they will look into this matter at the moment. They need staff to investigate for these problems. Wash trading is common to almost all of the exchanges even the top ones. If you are an old timer, you will know if wash trading is happening. What a new and small trader can do is, learn the ins and outs first in crypto, study the project that he wants to do the trading with. If he knows what's going on with that platform, he will basically know if the volume is fake or not.
Spotting fake volume would be either easy or hard yet it would depend on what exchange you are pertaining on.
If you do talk about top tier or popular exchangers then its almost impossible for you to spot it out but if you are somehow
an experience one then spotting on some circumstances is possible and also these wash trading or fake volumes can be easily to spot
out on non or small exchangers.


Title: Re: End of FAKE volume reporting
Post by: monalia on June 20, 2019, 07:53:36 PM
There will not be any penalties.. For what? Crypto exchanges are not stealing money or not paying taxes. There is no rule that they have to report real volume and thats why the do it.  ::)
No one request them to follow the rule but every users will be looks for exchanges which is legit and trustworthy towards. let them follow for their own betterment.
One more thing here no one goes to invest on the fake exchanges sharing such reports. Everyone knows the good exchanges they will go for it.


Title: Re: End of FAKE volume reporting
Post by: halpi on June 20, 2019, 08:44:27 PM
It is impossible to exclude fake volume, every big exchange has the possibility to create several bots/scripts which would make a volume on any trading pair.
I tried to trade against bots and could say to you, alive person can do nothing against.


Title: Re: End of FAKE volume reporting
Post by: seleme on June 20, 2019, 08:53:49 PM
It is very easy actually.

In coinmarketcap they can add a "report fake volume" tab, and if some exchange giving fake data, they can delete it. Also it is very easy to spot fake volume. Just open a shitty exchange with huge volume and choose their biggest volume pair, you would see.
The small exchanges like ZB, EXMO, Coinbene, Bitgogo usually use the trading bots which puts fake high bids and low asks on the price order book. Fake volume can be tricky for attracting the new traders and arbitrage lovers. It is a trap, don't fall to it. There is no way to detect the true volume on each exchange one by one AFAIK.


Title: Re: End of FAKE volume reporting
Post by: EmmaBen on June 20, 2019, 08:57:17 PM
Virtually every exchange does it in the industry today! Only a few a presenting genuine volume and that is associated with the heavy or larger exchanges. Fake volume has been a major challenge in the industry for a very long time and it has caused a whole lot of damage. Its about time something useful is done to stop it.


Title: Re: End of FAKE volume reporting
Post by: Olatunjex on June 20, 2019, 09:08:21 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Coingecko did said some time ago they will put an end to fake volume reported by exchanges, i am still waiting how tha pawn out frimt coingecko end. As far as CMC is concern i don't think they have it in plan to stop fake volume by exchanges.


Title: Re: End of FAKE volume reporting
Post by: malekbaba on June 25, 2019, 07:29:34 PM
I have seen that cmc is not showing fake/false volume for some tokens. Take a look at topbtc. CMC shows volume excluding topbtc's volume. I always find that exchange dodgy. They manipulate the total volume like other exchanges, always wash trades. I thank CMC for this initiative. We need fair atmosphere otherwise crypto will bever be the main stream of finance


Title: Re: End of FAKE volume reporting
Post by: Mila52 on June 25, 2019, 07:51:15 PM
Recently, even many TOP exchanges manipulate volumes, not to mention small ones  exchanges.  . How can stop it? While there are no such control organizations, we can only trust the honest reputation of the major exchanges.Therefore, I don’t really trust CMC information. I think professional traders are aware of these and everyone has their own analysis mechanism.


Title: Re: End of FAKE volume reporting
Post by: prehisto on June 26, 2019, 10:40:50 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

When i saw this tittle , I was hoping to see some news that it is already happened.

It would be only logical to see that, but it wont happen so soon. It means that every country where these exchanges are located should make specific laws for crypto exchanges. I dont see this happening so soon unfortunately.


Title: Re: End of FAKE volume reporting
Post by: thehulkk on June 26, 2019, 10:45:55 AM
This is very difficult to control. Many ICOs just want to trick investors, so they give false figures. The sad thing is that until now there is no specific solution to change this problem, what we can do is to always be cautious of our decisions.


Title: Re: End of FAKE volume reporting
Post by: OptimusPrime_3 on June 26, 2019, 10:59:07 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
you are very correct.  After the issue of fake volume came up in the cryptocurrency space many projects are now accessing many exchange before they go into it. But still with all this being said, some exchange still show fake volume on their exchange


Title: Re: End of FAKE volume reporting
Post by: FanEagle on June 27, 2019, 04:00:21 PM
I think it was already obvious, you can see a place getting too much attention and their volume is also high so you kind of understand how big they are, you go on forums and reddit and social media and everywhere you look you see binance as the king of all exchanges. Then there are small god knows who uses this type of awful places that nobody talks about and they are getting a ton of volume on the lists, well you tend to not trust them at all. I have personally been involved in many ICO as a team member and my teams have reached out to exchanges to get listed and they were giving away market making bots to us to buy and sell our own coin to make it look like our volume is up which works for them too because while our coin gets more attention their website getting more volume as well.


Title: Re: End of FAKE volume reporting
Post by: installer on June 27, 2019, 07:43:28 PM
The most things in this industry are fake and this is done to attract more attention to exchanges, projects and so on. The real problem is that even CMC is cooperating with scammers like IDAX exchange, this is truly sad.


Title: Re: End of FAKE volume reporting
Post by: arufox on June 27, 2019, 08:04:29 PM
Yes i agree, i already see the data so many exchange with fake volume even popular exchange. That's why i like binance because from data which i already seen binance not include as exchange with fake volume


Title: Re: End of FAKE volume reporting
Post by: Thanasis on June 27, 2019, 08:15:06 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Coin market making profit from the trading sites so they are going to you stay with the favour of them not with the uses because they are giving this service for free. But it is better to give the the right thing what they are doing rather than asking their reputation for money and they even climb that they just reporting volume from the exchanges so we need to have verify the value true or not.


Title: Re: End of FAKE volume reporting
Post by: spike420211 on June 27, 2019, 08:44:43 PM
Fake volume is a big problem. But an even bigger problem is that such exchanges are in the top at the CMC, and yet people unconditionally trust this site. As a result, scammers get free advertising for their scam exchanges, people come there hoping to sell their coins at a bargain price, and face problems such as liquidity, bots, and problems with withdrawing funds.


Title: Re: End of FAKE volume reporting
Post by: vladimirhf on June 27, 2019, 08:59:46 PM
it's happening everywhere, fake volumes and fake prices for many coins, even when we report to coinmarketcap they dont care. it's hard to trust anyone on this market.


Title: Re: End of FAKE volume reporting
Post by: Ifemini on June 27, 2019, 09:04:07 PM
Sometimes fake volumes are pushed by malfunctioning telegram eth bots that give wrong values
Or a single bot trade in exchange

Coinmarketcap should do more to fix this


Title: Re: End of FAKE volume reporting
Post by: peter0425 on June 27, 2019, 09:10:54 PM
Sometimes fake volumes are pushed by malfunctioning telegram eth bots that give wrong values
Or a single bot trade in exchange

Coinmarketcap should do more to fix this
As much as we are calling Coinmarketcap for years to fix this issue, I doubt that they do such actions. I mean they are in the business of making money so why fix now? As far as wash trading or fake volumes, everyone should be very careful though so you won't be a victims by pump-and-dump groups, bots and even the exchange itself.


Title: Re: End of FAKE volume reporting
Post by: vladimirhf on June 27, 2019, 09:14:17 PM
it's happening everywhere, fake volumes and fake prices for many coins, even when we report to coinmarketcap they dont care. it's hard to trust anyone on this market.
No need to trust anyone,just make your research before investing a single penny to the chosen project. Even small projects can be a game changer with huge development in a long time. Fake volumes are done by trading bots in general.

"No need to trust anyone" + "Even small projects can be a game changer"

then you trust some small projects, your sentences are contradictory.

finding fake volumes is part of research.


Title: Re: End of FAKE volume reporting
Post by: glennmatthew on June 27, 2019, 09:20:32 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

When i saw this tittle , I was hoping to see some news that it is already happened.

It would be only logical to see that, but it wont happen so soon. It means that every country where these exchanges are located should make specific laws for crypto exchanges. I dont see this happening so soon unfortunately.

In all fairness it is enough that China enforces such a law, most large exchanges are based there.

The problem here is that governments of countries don't care about this. Considering all troubles and worries that governments have about cryptocurrencies, fake volume is the tip of the iceberg.



Title: Re: End of FAKE volume reporting
Post by: vladimirhf on June 27, 2019, 09:21:25 PM
I mean they are in the business of making money so why fix now?

because we need honest services. because everyone should help reporting what's wrong.
Do you want to defend what is wrong? Are you nervous? Do you create fake volumes too?


Title: Re: End of FAKE volume reporting
Post by: wxxyrqa on June 27, 2019, 09:30:17 PM
Sometimes fake volumes are pushed by malfunctioning telegram eth bots that give wrong values
Or a single bot trade in exchange

Coinmarketcap should do more to fix this
As much as we are calling Coinmarketcap for years to fix this issue, I doubt that they do such actions. I mean they are in the business of making money so why fix now? As far as wash trading or fake volumes, everyone should be very careful though so you won't be a victims by pump-and-dump groups, bots and even the exchange itself.
It seems to me that today we should fear most of all cryptocurrency funds that manipulate the market even more than big whales did.Although everyone knows that almost 40% of Bitcoins belong to about 1,000 people.


Title: Re: End of FAKE volume reporting
Post by: Almasani on June 27, 2019, 10:03:24 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Yes. I really agree with what you say. I found a market run with bots to play with prices. Even if you sell at the purchase price, your coins will remain unsold. Bots keep buying below the selling price. While the history of exchange trading continues. I really experienced this myself, and made me disappointed with this condition. Because the exchange does not show real exchange. And they do not do neutral in exchanging.


Title: Re: End of FAKE volume reporting
Post by: aioc on June 27, 2019, 10:13:14 PM
It hurts the community if people are being shown with fake volumes from these exchanges and from coinmarketcap as well, traders and investors want to see the real picture, so they can make a good decision where to invest their money.


Title: Re: End of FAKE volume reporting
Post by: Bonwin on June 27, 2019, 10:45:26 PM
Based on individual experiences, most especially for those who have been trading for some time now, we can still tell,without any statutory or regulatory body coming in first, the exchanges that have volume, from those that do not have enough  as they claimed to have.
The use of bots on some exchanges has really made trading difficult.


Title: Re: End of FAKE volume reporting
Post by: eastgrand on June 27, 2019, 10:47:34 PM
I was checking out some cryptos on coinmarketcap and one of them had an * that said that it was not being counted towards the total volume. So I do think they take actions against fake volumes.


Title: Re: End of FAKE volume reporting
Post by: BryanK on June 28, 2019, 05:51:52 PM
Recently there was a scandal that exchanges fake trading volumes in order for people to trade more. There's nothing you can do about it. Just don't trade on these exchanges.


Title: Re: End of FAKE volume reporting
Post by: Convery on June 28, 2019, 05:58:07 PM
End of fake volume reporting would also mean end of some exchanges. For example Bithumb or Okex are good candidates for the end since coinmarketcap will not list them as the biggest exchanges and thus reduce their credibility.


Title: Re: End of FAKE volume reporting
Post by: rdewilde on June 28, 2019, 06:16:42 PM
Seriously you stated it right, reporting bad volume is indeed bad for this space as it is gaining the attention of the public. It will be indeed bad for investors to get associated with exchanges only to realize there is fake volume within.
Furthermore, I think for this to be corrected CoinMarketCap has a big role to play and the sooner the better, as credibility is the keyword in any successful exchange or project.


Title: Re: End of FAKE volume reporting
Post by: axel2078 on June 28, 2019, 07:10:23 PM
This is the truth and gradually becoming the other of the day. Most exchanges just display fake volumes to attract users while within, there is nothing to offer. I think the first step into solving this issue starts with CMC, if they can implement strict regulations or measures most exchanges will be forced to display the real data the way it is and it will be an added advantage to this space.


Title: Re: End of FAKE volume reporting
Post by: Iyanu14 on June 28, 2019, 07:19:37 PM
Fake volume is an headache for a lot of traders and crypto enthusiasts, an adequate measure should be taken yo stop this bad altitude of majority of exchanges that fond of using it.


Title: Re: End of FAKE volume reporting
Post by: irixo10 on June 28, 2019, 08:45:50 PM
For this space or crypto market to grow while attracting institutional investors, this issue of fake volume needs to be taken into serious consideration if not could have a negative effect in the near future. Furthermore, the first step towards solving this issue starts with CoinMarketCap this is because they need to enforce exchanges to do the right thing which they can't run from.


Title: Re: End of FAKE volume reporting
Post by: Thanasis on June 28, 2019, 08:53:12 PM
I think they know that reported volumes are fake on most of the exchanges that is why they have reported volume and also actual volume tab.Not sure about the accuracy but  there are some difference to both values when we swap it.But it is always our responsibility to check the accuracy of any exchanges.


Title: Re: End of FAKE volume reporting
Post by: BestAltcoinHunter on June 28, 2019, 08:59:12 PM
Coingecko actually has a pretty good report. It takes into consideration number of monthly visits on the website and then re-calculates a normalized volume. Although it isn't 100% accurate. For example I noticed that COSS has monthly visits of almost 200k users but coingecko lists it as like 40 users or something.


Title: Re: End of FAKE volume reporting
Post by: fallensky7 on June 28, 2019, 09:14:34 PM
It’s time to finish this! If I’m not mistaken, CMC, at the beginning of the year they promised to change the method of calculating the rating of exchanges, because most exchanges falsify trading volumes, as a result of which many lose money.


Title: Re: End of FAKE volume reporting
Post by: bitc0000 on June 28, 2019, 09:28:22 PM
Whether big or small exchnage, it is really disheartening to carry out such. Exchanges participating in such only shows how desperate they are.  In addition, I think urgent solution needs to be taken as this space is on the verge of gaining huge attention from the world at large and things like this shouldn't be welcomed. Therefore in all, it all depends on Coinmarketcap and the decision they will Implement.


Title: Re: End of FAKE volume reporting
Post by: Ranly123 on June 28, 2019, 09:40:20 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

I don't really get why some exchanges fake the volume of a coin. Maybe they are paid or so to make high volume and increase the hype for investor to consider buying the coin. Anyways, your right, cmc should consider looking at this issue seriously.


Title: Re: End of FAKE volume reporting
Post by: Flezy on June 28, 2019, 10:46:41 PM
I think this issue of fake volume will cease when Coinmarketcap starts taking disciplinary actions towards these exchanges. Yes most exchanges can't last as they have no true volume, but at least it will to a great extent make most exchanges to be up and running.
As an industry growing tremendously this issue needs to be tackled as soon as possible as it is not encouraging.


Title: Re: End of FAKE volume reporting
Post by: Classica35 on June 28, 2019, 11:22:23 PM
The problem with coinmarketcap, which I have personally seen too, is that they do not take cognisance of coins that are no more trading, most especially when it cones to active trading.
Those coins most of the times, add fake volume to to the total marketcap, which in the real sense of it, it is not.


Title: Re: End of FAKE volume reporting
Post by: Emmy92 on June 28, 2019, 11:55:34 PM
This is no longer a joking matter as it is getting out of hand. Most exchanges are even proud to display such fake volume without thinking about what their users will say. To be candid there is a great need to adopt strict policies which will govern exchanges so that they abide and make the right choice while not misleading anyone.


Title: Re: End of FAKE volume reporting
Post by: Jpti on June 29, 2019, 05:40:48 AM
The issue should be seriously taken into account by concerned authorities. There are many exchanges reportedly showing fake volume so as to attract new projects and traders. In some cases, such exchanges scam traders. So the issue should be taken seriously and a prompt action should be taken to discourage this trend.


Title: Re: End of FAKE volume reporting
Post by: slashz9 on June 29, 2019, 06:04:39 AM
well, yeah i think some exchange use fake volume to attract more poeple to trade on their exchange.
or its just only 1-10 people just do trading all day for get big volume on their exchange,


Title: Re: End of FAKE volume reporting
Post by: puremage111 on June 29, 2019, 06:06:38 AM
Exactly
I think Coinmarketcap actually initiated this transparency API thing which these exchange needed to attached to their exchange so the volume is transparent and reported directed

Not sure if it really void out all the fake volume but yea, we definitely need something true so we can know the true sentiment of the market
Volume is kinda important when we comes to Financial instruments


Title: Re: End of FAKE volume reporting
Post by: herurist on June 29, 2019, 08:21:34 AM
This must be immediately followed up so that everyone is not fooled by counterfeiting trading volumes, so I think that all altcoin prices will be linked to Coinmarketcap to be accurate.


Title: Re: End of FAKE volume reporting
Post by: Distinctin on June 29, 2019, 08:32:50 AM
well, yeah i think some exchange use fake volume to attract more poeple to trade on their exchange.
or its just only 1-10 people just do trading all day for get big volume on their exchange,

10 people? I don't think so, even if they are faking the volume, how can they survive with that numbers.
They have a number of exchanges, what only separates them from big exchanges like Binance is that whales are not usually using their trading sites.


Title: Re: End of FAKE volume reporting
Post by: Bttzed03 on June 29, 2019, 08:42:14 AM
There are websites now that are doing better than coinmarketcap in dealing with these fake volumes in my opinion. I personally prefer Nomics but you can take your pick on this list of Sites for Crypto Market Watch (https://bitcointalk.org/index.php?topic=5158658.msg51607866#msg51607866)


Title: Re: End of FAKE volume reporting
Post by: Genkotsu on June 29, 2019, 08:46:17 AM
yeah this is will must true, fake volume trading in CMC is making people think if that coin is really worth to buy but not get like same volume trade when people buy it.
this is must stop and we must report it to get better and real volume trading.


Title: Re: End of FAKE volume reporting
Post by: mammoniter on June 29, 2019, 09:40:47 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Its true that reporting fake volume is one of the biggest problem in cryptocurrency. In fact some ICOs are actually the one who reported the fake volume. I think there should be a third party involved in monitoring the volume reported by ICOs. In that case, independent and unbiased volume will be reflected. In addition, exchanges that accepts reported volume without verifying it should be shut down.


Title: Re: End of FAKE volume reporting
Post by: rachman mahesa on June 29, 2019, 02:04:02 PM
yeah this is will must true, fake volume trading in CMC is making people think if that coin is really worth to buy but not get like same volume trade when people buy it.
this is must stop and we must report it to get better and real volume trading.
Most volumes are in fake Coinmarketcap or even late for each update. Indeed this must be stopped, because most people are fixated on coinmarketcap to buy altcoins and see volume.


Title: Re: End of FAKE volume reporting
Post by: waynechong1995 on June 29, 2019, 02:13:49 PM
Not sure about the metrics though about the so called real volume, automating trade is still legit as user defined system but washing was more about doing the same minimal trade but they can be tweak to be more realistic, it's a existing problem but I believe it's only happening on centralised exchanges, we might mitigate these issue soon when DEX were more stable


Title: Re: End of FAKE volume reporting
Post by: bettercrypto on June 29, 2019, 02:19:02 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
I agree with your statement! Its rather be good to the community if the will not make fake volumes. Many exchanges specially the smaller one have been trying to fool traders by making a fake volume to the coin. We need a real data. This is actually one of the primary goal of cryptocurrency. People have to be acknowledge by simply telling the right information. Blockchain goals is to have transparency. I hope exchange does so.


Title: Re: End of FAKE volume reporting
Post by: ganeshramk on June 29, 2019, 02:22:08 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.


Title: Re: End of FAKE volume reporting
Post by: Delilonia1 on June 29, 2019, 03:24:34 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.




It is a very bad practice to upload wrong or fake volumes just to attract investors. These are some of the things that get people discouraged when they eventually find out that all their labour has been for nothing. It is sincerely very bad and I think I penalties should be attached on case of anyone found defaulting in this regard. Truth should be the watchword any day anytime. That will afford cryptocurrency a beauty beyond our description


Title: Re: End of FAKE volume reporting
Post by: junkerr on June 29, 2019, 03:31:22 PM
It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution.


Title: Re: End of FAKE volume reporting
Post by: Caladonian on June 29, 2019, 03:35:31 PM
It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution.
It can help in some ways but likewise if it's intentionally been done then there's nothing else the team can do, it's on the side where things is unavoidable and even regulations are there to accompanied the scenario it's still the one who intentionally do the manipulations can change the outcome reports.


Title: Re: End of FAKE volume reporting
Post by: TastyChillySauce00 on June 29, 2019, 04:04:02 PM
It needs some regularization. When that happens, everything will be fine. But not sure how long it will take.
What kind of regulation do you mean? all policies have been determined by the developer of the platform, if there are intentional errors or it is impossible for the developer to know it but they do not want to fix it. there is even a possibility they intentionally. not prejudiced, but regulation will not be the best solution.
It can help in some ways but likewise if it's intentionally been done then there's nothing else the team can do, it's on the side where things is unavoidable and even regulations are there to accompanied the scenario it's still the one who intentionally do the manipulations can change the outcome reports.
That's the problem, sometimes we can't do something to this fake volumes by unreliable exchanges, the only way is just to leave it to the community to judge whether an exchange deserves their money to be traded there or not. The only thing that makes them grow up so fast is the fact that so many people are kinda blind or uneducated to all these facts that many of the exchanges are faking volume and most of them are low rated exchanges.


Title: Re: End of FAKE volume reporting
Post by: mksundip on June 29, 2019, 04:05:27 PM
if this is true, then this will be a new problem for the crypto world and investors and traders will experience a crisis of trust and will leave the market


Title: Re: End of FAKE volume reporting
Post by: cak imin on June 29, 2019, 04:08:51 PM
if this is true, then this will be a new problem for the crypto world and investors and traders will experience a crisis of trust and will leave the market
some exchanges still have the trust of investors and traders. investors and traders have long been on the market, and it's no wonder that it will happen for new and small exchanges or who want to grow their trade quickly. we have to think smart.


Title: Re: End of FAKE volume reporting
Post by: Marcus yoyo on June 29, 2019, 04:29:22 PM
I think, not all exchanges do false reports about the volume of crypto currencies. But if I analyze further that the crypto currency movement is very fast and dynamic so the volume report also changes rapidly. This dynamism might cause reports about volume to seem like fraud. If we think positively then that is because the crypto currency volume report seems like a fraud. But indeed there may be false volume reports as one of the strategies in increasing market supply and demand to be more crowded.


Title: Re: End of FAKE volume reporting
Post by: shadowduck on June 29, 2019, 04:29:39 PM
if this is true, then this will be a new problem for the crypto world and investors and traders will experience a crisis of trust and will leave the market
some exchanges still have the trust of investors and traders. investors and traders have long been on the market, and it's no wonder that it will happen for new and small exchanges or who want to grow their trade quickly. we have to think smart.
From the huge number of exchanges that are now represented on the market only a few of them are trusted by users. This is not right. I think when regulators come to the market - there will be fewer exchanges


Title: Re: End of FAKE volume reporting
Post by: Akoldi_ibk on June 29, 2019, 08:47:39 PM
I don't really understand the index of a thing to monitor real-time exchange volume. My take is on exchanges. Instead of faking volumes to attract users and investors, they should spend more time and resources in building a standard, secure, fast and easy to use trading platform. These exchanges know what the users want and preferred in an exchange and they should focus on addressing it. Faking volume is so temporal and will definitely lead to the collapse of such exchange in a mean time.


Title: Re: End of FAKE volume reporting
Post by: Olena9797 on June 29, 2019, 08:56:13 PM
Remembering ICO almost every project dew fake volume of collected money on theirs sites. Thanks IEO we can see the real picture of this. What to do with fake volume on exchanges i have no idea, but as everyone im pretty tired of fake fake fake everyvhere in crypto and it should change


Title: Re: End of FAKE volume reporting
Post by: CaVO32 on June 29, 2019, 08:59:38 PM
I don't really understand the index of a thing to monitor real-time exchange volume. My take is on exchanges. Instead of faking volumes to attract users and investors, they should spend more time and resources in building a standard, secure, fast and easy to use trading platform. These exchanges know what the users want and preferred in an exchange and they should focus on addressing it. Faking volume is so temporal and will definitely lead to the collapse of such exchange in a mean time.

i think for now, that is one thing they can do to attract potential traders. though it's not a sustainable approach, but most exchanges especially new ones are using this strategy. faking volume is a long-running problem in crypto exchanges and i don't think it will disappear anytime soon. if you are an experienced trader, you will know if a specific coin is being washed traded. be careful in those coins!


Title: Re: End of FAKE volume reporting
Post by: pant-79 on June 29, 2019, 09:00:06 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.
Unfortunately, this is exactly the situation what we have now. To date, the exchanges are one of the main speculators. And there is not a single real organization that would be able to somehow change this situation.
It would be great if such an organization appeared.


Title: Re: End of FAKE volume reporting
Post by: IvugeoEvolutionCoin on June 29, 2019, 09:38:04 PM
Sometimes I check acclaimed volumes of some exchanges with wash trading and I laugh, when is this going to come to an end? I think coinmarketcap formed alliance with some reputable exchanges to curb this issue, but yet it still persists.  I think more advanced tracking tools should be develop to ameliorate this issue.


Title: Re: End of FAKE volume reporting
Post by: 79b79aa8d5047da6d3XX on June 29, 2019, 10:11:19 PM
Issue of fake volume is something to be worried about as many token and exchange glorify in the use if fake volume. If coincapmarket xan find a way to regulate this it will be very beneficial to the cryopto community


Title: Re: End of FAKE volume reporting
Post by: novusordo on June 29, 2019, 10:13:33 PM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Coinmarketcap should really take this seriously. Its a pathetic sight when you log into to view rankings and you see dobitrade, coinbene, HotBit and Bilaxy as top 50 exchanges, sometimes top 20. It's ridiculous and I now rather use coingecko where I can get a more sensible result on exchange trade rankings


Title: Re: End of FAKE volume reporting
Post by: Distinctin on June 30, 2019, 06:04:59 AM
There are many exchanges that are faking volume. Some reports show that there is up to 90% wrong volume reports. With market developing i am sure there will be more strict rules and penalties.

I think this is the next step in crypto for further development.

There should be some index be issued based on volume to track real volume of top 10 or top 20 exchanges who should be then monitored by some external company.

I hope also CoinMaketCap will take this issue into consideration soon enough to get some real data on smaller exchanges as well.

Coinmarketcap should really take this seriously. Its a pathetic sight when you log into to view rankings and you see dobitrade, coinbene, HotBit and Bilaxy as top 50 exchanges, sometimes top 20. It's ridiculous and I now rather use coingecko where I can get a more sensible result on exchange trade rankings

They should, it's their responsibility to provide correct figures to the people, maybe they just don't want to make things complicated on their part and they don't do much verification on their part.

I'll try coingecko, I accessed it every once in a while but I still use coinmarketcap most of the time, I'll try to explore it more.
Thanks for sharing this.


Title: Re: End of FAKE volume reporting
Post by: levyashin on June 30, 2019, 06:07:57 AM
Fake volume is causing the incompetence of the coinmarketcap. They have the power, and they can easily make exchanges stop doing that which they are not doing. They announced an alliance against it but still not working.


Title: Re: End of FAKE volume reporting
Post by: sadewa69 on June 30, 2019, 06:14:15 AM
They should, it's their responsibility to provide correct figures to the people, maybe they just don't want to make things complicated on their part and they don't do much verification on their part.

I'll try coingecko, I accessed it every once in a while but I still use coinmarketcap most of the time, I'll try to explore it more.
Thanks for sharing this.
yes, CMC and COINGECKO are the sites I see most often to determine the assets that I will trade on a daily basis. maybe trade manipulation makes a lot of daily traders trouble. but I have believed in just a few exchanges for my daily trade.


Title: Re: End of FAKE volume reporting
Post by: mirawantirinjana on June 30, 2019, 07:35:50 PM
I have experienced it on Etherflyer Exchange. I was fooled by fake volume and trading bots that didn't make sense.
it was very disappointing for me and of course the other traders with the fake volume on the data displayed on the exchanger or on the website that provides detailed information about trading an altcoin on an exchanger.


Title: Re: End of FAKE volume reporting
Post by: glennmatthew on July 02, 2019, 05:50:55 PM
I have experienced it on Etherflyer Exchange. I was fooled by fake volume and trading bots that didn't make sense.
it was very disappointing for me and of course the other traders with the fake volume on the data displayed on the exchanger or on the website that provides detailed information about trading an altcoin on an exchanger.

I think as a trader it is important to stay on an exchange that very well established.

Binance and Bittrex are really good, even if the volume that they are reporting is fake, it is still high enough on most trading pairs for you to be able to buy and liquidate without trouble.



Title: Re: End of FAKE volume reporting
Post by: take_off on July 02, 2019, 06:24:16 PM
Coinmarketcap and exchange have teamed up to prevent fake volume from happening. And in the future you will see more rules to make future investment participants much safer