Bitcoin Forum

Buy and sell of a million+ coins at a time. Turned a profit also. wow

https://i.imgur.com/WGxLZYO.png

There is no profit involved in these trades. It is just coins moving from one pocket of yours to another.
That is why exchanges with no transaction fees are not reliable for volume data.

I didn't know we all know that... where's the proof of this again?

I think this the actual fuel for recent pump and dump scheme after some constant low volume trade. Those high volume seems to be the fake one regarding my opinion.

huobi is one of the largest bitcoin exchange in China and i don't know if volume trade in this exchange is faked
but could you give me the proof regarding this exchange?

Someone was playing ping pong with his accounts I'd say.
Not the first time you see things like that on the chinese exchanges.
You can thank the zero fee politics for that.

Even with no trading fees that is some seriously big volume that is not easy to create.. If the spread is not high enough it is very difficult to trade with yourself wihtout catching other peoples coins.

This is just the surface.

There is some really weird things going on in these Chinese exchanges. I'd like to see a good investigation of it someday.

the large traders or groups that buy their own coins do it within seconds. mostly they are indeed buying their own coins, but some times they end up buying the coins from other people as well, but i don't think they care that much if they are buying a few coins from others while trying to buy their own coins. traders on this level have several thousands of coins to play with and equal amount of fiat. a few coins more or less doesn't bother them.

No fee, if you are boring you won't lose by doing big orders

Chinese whales these days  :D

0% fee make more people can manipulate price, because he can buy and sell with his own order

My sediments exactly. I don't believe in what I read now a days on the website. They seem to be all hyping bitcoin for a major up heveal in the price. Just wait for it will happen by mid next week only if no major bad news comes into till then.

If you have deep pockets, you can skim the other trades and do huge volumes of trades with yourself.
In the end, you won't lose much.
It is only when there are trading fees that you feel the pinch.

I'm confused.  You said million coins in one trade but those numbers show a whole days volume.

You're right. I've never seen this ticker show day summaries in that column but that would make sense. Ooops ¯\(°_o)/¯