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Title: Huobi faking market depth with proof! Post by: sn0wfox on March 23, 2014, 02:01:18 AM So there have been rumors circulating that Huobi has been faking their volume, and when I saw their market depth on BTC123 (http://mm.btc123.com/huobi.php) it is quite obvious that they are! If you look at the graph, it looks like there are almost no orders for the prices greater than 4,000RMB (the line is completely linear). Whereas comparing to BTC China's market depth (http://mm.btc123.com/btcchina.php), it's a healthy inclination. PS. You can only see the whole depth by clicking the 100% option.
I don't know about you, but I personally wouldn't trust leaving my fund with Huobi and trade on their platform! Huobi Market Depth on btc123 http://i62.tinypic.com/2d8nrtj.png BTC China Market Depth on btc123 http://i61.tinypic.com/ezefxl.png Title: Re: Huobi faking market depth with proof! Post by: Stunna on March 23, 2014, 02:10:55 AM Huobi popped out of nowhere and immediately was doing more volume than btc-china. While there is a good chance they are faking volume there is really no solid evidence to prove it.
Title: Re: Huobi faking market depth with proof! Post by: podizzle on March 23, 2014, 02:14:35 AM the graph only goes to 4000 noob
Title: Re: Huobi faking market depth with proof! Post by: SlipperySlope on March 23, 2014, 02:39:39 AM Yay! Yay for Huobi!
They forced the other Chinese exchanges to zero-fee trading. And I expect that trend to spread to other exchanges worldwide - especially if Huobi adds a USD pair. Title: Re: Huobi faking market depth with proof! Post by: rock-miner on March 23, 2014, 03:40:02 AM We should get together to clear cheaters out of Bitcoin.Huobi ,the biggest transaction lab in china, has been watched by whole users.We wish it a good prograss.
Title: Re: Huobi faking market depth with proof! Post by: jade1222 on March 23, 2014, 01:14:04 PM Where is your solid proof?
Title: Re: Huobi faking market depth with proof! Post by: koryu on March 23, 2014, 01:57:39 PM i think huobi volume is ok but take a look at okcoin: the volume and order book depth doesnt fit with its low volatility. prolly there are bots buying and selling the same amounts all day generating huge volumes.
Title: Re: Huobi faking market depth with proof! Post by: Dogtanian on March 23, 2014, 02:00:04 PM I've seen at least one other thread here with more proof than this, but there have been several allegations of this elsewhere.
Title: Re: Huobi faking market depth with proof! Post by: Siegfried on March 23, 2014, 02:02:40 PM I have used Huobi for a few months and everything has been very good. Timely deposits and withdrawals, and customer service has been very helpful when needed. They seem very professional.
Title: Re: Huobi faking market depth with proof! Post by: Dogtanian on March 23, 2014, 03:36:04 PM I have used Huobi for a few months and everything has been very good. Timely deposits and withdrawals, and customer service has been very helpful when needed. They seem very professional. That still doesn't mean they haven't been faking the data though. Title: Re: Huobi faking market depth with proof! Post by: DooMAD on March 26, 2014, 07:35:22 PM i think huobi volume is ok but take a look at okcoin: the volume and order book depth doesnt fit with its low volatility. prolly there are bots buying and selling the same amounts all day generating huge volumes. OKCoin's figures have been iffy for a while now. Every time I look at this page (http://www.cryptocoincharts.info/v2/markets/graphicalComparison), they're always dwarfing the volume of every other exchange put together. It's incredibly difficult to believe that could possibly be accurate in any way, shape or form. |
