Title: Cryptocurrency Exhanges - South Korea Post by: creeps on January 22, 2019, 01:46:42 PM South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea.
This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume. https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/ I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange? Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that. Title: Re: Cryptocurrency Exhanges - South Korea Post by: joniboini on January 22, 2019, 02:13:01 PM Wash trading is a disease, the problem is we don't know how to detect them asap. Even Upbit got the same accusation, they're one of the major exchanges in South Korea IIRC. Let's hope the government intervention can prevent shit like this in the future (quite ironic tbh).
Anyway, if you have doubt, your alternative would be to use some services like Shapeshift or Changelly, but you also need some degree of trust. DEX is also a good choice if you only trade tokens. If you're really paranoid, then atomic swap should be the answer. At this moment, it is nearly impossible not to use centralized exchanges if you want to trade different coins, so your best choice is to use them when you want to trade and then withdraw any funds when you're finished. With pretty much praying the exchange won't get hacked when you still have an order. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Kopyleft on January 22, 2019, 02:38:37 PM It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes.
Try to compare trading volumes with market capitalization and also check up recent orders and trades. Title: Re: Cryptocurrency Exhanges - South Korea Post by: St4yInTh3D4rk on January 22, 2019, 03:57:27 PM To be honest many exchanges were faking their trading volumes and you can find it when you watch the trade orders from both sides of buy and sell but the exchanges like Binance are having real volume but it doesn't mean they can't be manipulated.It maight be done by individuals who holds bigger amount of cryptos or just by the people from exchange who also maybe a whale.But it is very good that governments having regulations like these to crypto trading platforms.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: boyptc on January 23, 2019, 01:17:38 AM It's a fact.
Manipulation do really happens inside the exchanges premises. Just observe one exchange and you will have an idea on how they manipulate the market and that's through their fake orders. Remember the time when Bitmex was on maintainance? I don't think it's just a coincidence that the market pump by that time. Title: Re: Cryptocurrency Exhanges - South Korea Post by: nur rochid on January 23, 2019, 02:53:41 AM To be honest many exchanges were faking their trading volumes and you can find it when you watch the trade orders from both sides of buy and sell but the exchanges like Binance are having real volume but it doesn't mean they can't be manipulated.It maight be done by individuals who holds bigger amount of cryptos or just by the people from exchange who also maybe a whale.But it is very good that governments having regulations like these to crypto trading platforms. I once encountered a fake pump, and it seemed like it was a fraud, but indeed what I met in a less well-known exchange. maybe indeed it was done by individuals with a specific purpose. after that the price dropped again very dramaticallyTitle: Re: Cryptocurrency Exhanges - South Korea Post by: Dreamchaser21 on January 23, 2019, 05:35:48 AM Its to hard to say that there is no manipulation with the top exchanges but I think there's some action like this but its really hard to notice. South Korea is very good in terms of implementing the rules so I hope those exchanges on that place already learn the lesson and stop from doing this. Manipulation is everywhere, people wants to have an easy money but in time, you will suffer for what you have done to others.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: hugeblack on January 23, 2019, 08:15:20 AM This is not the first time we heard about the Executives who manipulate the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executives are being sentenced to jail because of manipulation on the trading volume. The absence of regulatory rules in addition to the inclusion of more shitcoins exchange without value "paper money cover" or a real guarantee in the case of hacking, All these factors have made those platforms large manipulating prices dump "fake bumping."Personally, I am moving away from any platform dealing with a stablecoins pair "Xcoin/USDT" more than the possibility of a direct withdrawal in dollars. Title: Re: Cryptocurrency Exhanges - South Korea Post by: crwth on January 23, 2019, 08:51:17 AM There is also recent news with regards in a South Korean Area exchange, and this is the link to it.
https://toshitimes.com/south-korean-exchange-accidentally-airdrops-millions-worth-of-bitcoin-to-users/ I’m not sure what’s ultimately going on, and mistakes like that are suspicious. How can you be so careless that you let the price of an asset, Bitcoin, become $50. That’s the news indicated in that article. I think you cannot be so confident with regards to the safety of your coins, especially if you are interested in earning from trading. I know a friend that has 3.2 BTC in the recent hack in Cryptopia. It’s just like poof. Gone. I’m not sure what the latest update is with Cryptopia but might as well consider it as gone, he said. Title: Re: Cryptocurrency Exhanges - South Korea Post by: metalbean on January 23, 2019, 08:55:00 AM There is also recent news with regards in a South Korean Area exchange, and this is the link to it. https://toshitimes.com/south-korean-exchange-accidentally-airdrops-millions-worth-of-bitcoin-to-users/ I’m not sure what’s ultimately going on, and mistakes like that are suspicious. How can you be so careless that you let the price of an asset, Bitcoin, become $50. That’s the news indicated in that article. I think you cannot be so confident with regards to the safety of your coins, especially if you are interested in earning from trading. I know a friend that has 3.2 BTC in the recent hack in Cryptopia. It’s just like poof. Gone. I’m not sure what the latest update is with Cryptopia but might as well consider it as gone, he said. It's saddening that those that are suppose to empower us are abusing their power. Title: Re: Cryptocurrency Exhanges - South Korea Post by: pterodactyll on January 23, 2019, 09:16:38 AM It is good that the South Korean government is watching this. Because it often happens that such actions, such manipulations, go unpunished. And honest traders lose their savings. As far as I know, it is easier to hide the facts of manipulation in the stock market, but it is also more difficult to manipulate. It is good that there are almost no such manipulations on the cryptocurrency market.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: crwth on January 23, 2019, 09:22:01 AM There is also recent news with regards in a South Korean Area exchange, and this is the link to it. https://toshitimes.com/south-korean-exchange-accidentally-airdrops-millions-worth-of-bitcoin-to-users/ I’m not sure what’s ultimately going on, and mistakes like that are suspicious. How can you be so careless that you let the price of an asset, Bitcoin, become $50. That’s the news indicated in that article. I think you cannot be so confident with regards to the safety of your coins, especially if you are interested in earning from trading. I know a friend that has 3.2 BTC in the recent hack in Cryptopia. It’s just like poof. Gone. I’m not sure what the latest update is with Cryptopia but might as well consider it as gone, he said. It's saddening that those that are suppose to empower us are abusing their power. That was a segway with Cryptopia and you can never be sure entirely with what could happen to your funds. Title: Re: Cryptocurrency Exhanges - South Korea Post by: kryptqnick on January 23, 2019, 04:35:41 PM Faking volumes is wrong, but it seems like criminal responsibility for this might be too much. Big fines and publicly open information about such exchanges with their manipulations seems enough to me. These people, however, though being important executives of that exchange, made manipulations to earn money from the investors, rather than simply declared the fake volume to attract more users, I guess. Yet I am still not sure they deserve years of prison for that. After all, trading is dangerous, and everyone should be cautious about the funds and actions.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: dothebeats on January 23, 2019, 05:48:12 PM They don't have a tight grip on regulations over at SoKor unlike in any other Asian countries that's why most of these illegal trading practices and schemes are slipping under the radar of the authorities. Faking volumes, though somewhat a lighter offense than other trading exploits still attributes to many losses for people, and paints a false picture that something is up all the while the exchange operators are getting their hefty fees for the day. As long as regulators and authorities are not intervening, the same practices would still be repeated over and over again.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Crypdon on January 23, 2019, 07:43:46 PM Any exchange that claims to have more trading volume than binance is manipulating the data. If new ones suddenly jump up the cmc charts they are also faking it. Now others know the penalty
Title: Re: Cryptocurrency Exhanges - South Korea Post by: xWolfx on January 23, 2019, 09:56:30 PM South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea. This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume. https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/ I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange? Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that. It makes me wonder if the people who talk about people manipulating the market is right, what do you think? I also agree that the enforcement of law in this case is pretty important otherwise control can be lost pretty quick since they are in privileged positions and can do it really easily. Really good work from the South Korea's government and let's hope it continues. Title: Re: Cryptocurrency Exhanges - South Korea Post by: creeps on January 23, 2019, 11:27:26 PM Faking volumes is wrong, but it seems like criminal responsibility for this might be too much. Big fines and publicly open information about such exchanges with their manipulations seems enough to me. These people, however, though being important executives of that exchange, made manipulations to earn money from the investors, rather than simply declared the fake volume to attract more users, I guess. Yet I am still not sure they deserve years of prison for that. After all, trading is dangerous, and everyone should be cautious about the funds and actions. For me, they deserve more since they deceived small investors and because of that they lose money so I think its really liable for a criminal liability. This is what justice and if I we’re the victim I will file a case to get back my money.It's a fact. I’m slowly accepting this fact, and we should really trade carefully don’t just look for the volume and if possible try to exit as early as you can. I remember that moment, and yeah the market pumps without any strong news. Manipulation do really happens inside the exchanges premises. Just observe one exchange and you will have an idea on how they manipulate the market and that's through their fake orders. Remember the time when Bitmex was on maintainance? I don't think it's just a coincidence that the market pump by that time. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Huskarls on January 23, 2019, 11:30:39 PM for top exchange, in my opinion, this is not there but indeed in the Korean market which has a smaller volume, I note that the market has unusual activities, such as there is a bot activity used in it. In my opinion this does not mean we can realize that the Korean market is bad. However, the market as a whole is indicative of this
Title: Re: Cryptocurrency Exhanges - South Korea Post by: boyptc on January 25, 2019, 01:06:27 AM It's a fact. I’m slowly accepting this fact, and we should really trade carefully don’t just look for the volume and if possible try to exit as early as you can. I remember that moment, and yeah the market pumps without any strong news. Manipulation do really happens inside the exchanges premises. Just observe one exchange and you will have an idea on how they manipulate the market and that's through their fake orders. Remember the time when Bitmex was on maintainance? I don't think it's just a coincidence that the market pump by that time. That event was just a perfect example of it though I don't have a strong evidence about that but it's all over the internet. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Valhalaa on January 25, 2019, 01:20:33 AM Yes, indeed, it is not only Korea that has been discussed in various countries, because the manipulation that occurs is very much and there is no presence of a helper to the government, especially in Korea itself, then the easy access to manipulation can make people trapped inside
Title: Re: Cryptocurrency Exhanges - South Korea Post by: karloscimot on January 25, 2019, 02:07:28 AM It's a fact. business people will definitely use a variety of ways to be able to manipulate exchanges, and the goal is to be able to raise prices or to control prices. Bitcoin trading is very potential to be manipulated, but in reality it is very rare that it works, everything is always detected because the system is interconnected, so this once again proves that blockchain technology is very safe.Manipulation do really happens inside the exchanges premises. Just observe one exchange and you will have an idea on how they manipulate the market and that's through their fake orders. Remember the time when Bitmex was on maintainance? I don't think it's just a coincidence that the market pump by that time. Title: Re: Cryptocurrency Exhanges - South Korea Post by: 0t3p0t on January 25, 2019, 02:25:01 AM Wash trading is a disease, the problem is we don't know how to detect them asap. Even Upbit got the same accusation, they're one of the major exchanges in South Korea IIRC. Let's hope the government intervention can prevent shit like this in the future (quite ironic tbh). I agree. Hunting these people will take time and I salute to the Korean government too that they did not tolerate market manipulation . I love it when governments has to do their duty to protect it's people. I think regulations of exchanges is a good idea for a fair transaction without manipulating the market as it might lead other investors and traders to lose their investments because of these greedy individuals that keeps on taking advantage against us.Anyway, if you have doubt, your alternative would be to use some services like Shapeshift or Changelly, but you also need some degree of trust. DEX is also a good choice if you only trade tokens. If you're really paranoid, then atomic swap should be the answer. At this moment, it is nearly impossible not to use centralized exchanges if you want to trade different coins, so your best choice is to use them when you want to trade and then withdraw any funds when you're finished. With pretty much praying the exchange won't get hacked when you still have an order. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Burogh on January 25, 2019, 07:39:03 AM I think many exchanger using bots. Exchanger manipulating their transaction volume because in many country, cryptomarket still not regulated. But south korea is good country because the government regulating cryptocurrency. Its true that we should aware on exchanger and keep our coin in our own wallet.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: babarian on January 25, 2019, 12:33:23 PM I have lost several times because I made a deposit on the exchanger that made a volume of fake trading and traders with bots, this made me lose because I had to do WD and have to pay a withdraw fee.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Capt00 on January 25, 2019, 06:00:18 PM Wash trading is like cancer we would not be able to cure. Ever since executive/corporate was created and regulated and even though, in the era of salts and spices, these manipulations really happened and will be kept that way. I don't feel any doubt from crypto exchanges since
some people would benefit it and some people won't. But if you have a great analysis you can actually benefit from their techniques and strategy. This is just my opinion though it is always up to you. Title: Re: Cryptocurrency Exhanges - South Korea Post by: tinker123 on January 25, 2019, 06:31:01 PM Naturally this will happen. The right people will always try to control and manipulate the volumes in their favor. After all, they want to weigh themselves. 8)
Title: Re: Cryptocurrency Exhanges - South Korea Post by: usorin on January 25, 2019, 09:17:32 PM South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea. I believe that Mr. Satoshi did not has this kind of things in his mind when he made the BTC white paper. As lșong as the decision of the judge is legal, i totally agree that the kind of people who simply try to make illicit fortune has to be punished.This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume. https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/ I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange? Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that. Title: Re: Cryptocurrency Exhanges - South Korea Post by: khufuking on January 25, 2019, 09:28:32 PM A lot of the coins that get listed these days are being fake traded on the exchanges they are listed on with a goal to great a volume to support their coin I have experienced this with come tokens recently and the fake trades can be spotted very easily by anyone that will try to trade this tokens because I am not an expert but I still managed to spot it with ease.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Crypdon on January 25, 2019, 09:32:54 PM These executives are a disgrace to crypto. They are just like the scammers but they do it in the public eye. They should now bow and apologise to us all for behaving like the horrible bankers that we are trying to get away from
Title: Re: Cryptocurrency Exhanges - South Korea Post by: adzino on January 25, 2019, 09:52:29 PM Manipulation isn't a new thing in crypto currencies. Nor is it a isolated event at South Korea. The prices has been manipulated various times and we were also able to see it clearly. Exchanges also manipulating the trade volume isn't a new thing. This has been happening ever since the beginning. There isn't much we can actually do to be honest. We just need to watch out and understand what is real and what is not.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: creeps on January 25, 2019, 11:50:40 PM I believe that Mr. Satoshi did not has this kind of things in his mind when he made the BTC white paper. As lșong as the decision of the judge is legal, i totally agree that the kind of people who simply try to make illicit fortune has to be punished. Of course we only realize things if its already there and Mr. Satoshi didn’t anticipate that many greedy people will take advantage this system to scam people. Yep, more regulations will happen and for sure more hackers/Manipulators/Scammer will be punised, this is inevitable and we really need to protect this market.Title: Re: Cryptocurrency Exhanges - South Korea Post by: Google+ on January 26, 2019, 07:00:42 AM I see some exchanges originating from South Korea seem to have very large volumes and this shows that the exchange in South Korea is getting very good legality and support from the country, although there are a lot of price manipulations that occur but this shows data on place volume the exchange was very high.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: mirakal on January 26, 2019, 11:43:49 AM Based on the article, "The two reportedly earned $45 million from the scam", they get a decent money but they are not smart to end up in jail. They have the power to do it since they are the officials of the exchange, they can control it, we know this is happening but this is a good news because the government is working hard to implement the law regarding crypto.
The effect of this news in the market is good, because it will boost the confidence of the investors as they see the government agency are already working to battle this kind of illegal activity. Moreover, this is also a good warning for people who are in power planning to do this kind of crime. Title: Re: Cryptocurrency Exhanges - South Korea Post by: jademaxsuy on January 26, 2019, 01:30:41 PM It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes. Which means that dex where far better than centralized exchange? I know that decentralized exchange were far better than centralized but in terms of market cap volume then I think DEX does not have this though there are dex now had gone some good marketcap volumes like those known dex.Try to compare trading volumes with market capitalization and also check up recent orders and trades. Title: Re: Cryptocurrency Exhanges - South Korea Post by: mirakal on January 27, 2019, 02:41:22 AM It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes. Which means that dex where far better than centralized exchange? I know that decentralized exchange were far better than centralized but in terms of market cap volume then I think DEX does not have this though there are dex now had gone some good marketcap volumes like those known dex.Try to compare trading volumes with market capitalization and also check up recent orders and trades. They trust a centralized exchange because in the event the site is hack, they know who they can go after, also for some centralized exchange, they can apply for an insurance for the amount money they are holding within, correct me if I'm wrong. Title: Re: Cryptocurrency Exhanges - South Korea Post by: wahyu wida on January 27, 2019, 03:40:12 AM It is reputed that most centralized exchanges fake trading volumes to attract more investors to their community. Transparency is much lower in centralized exchanges when compared with DEXes. Which means that dex where far better than centralized exchange? I know that decentralized exchange were far better than centralized but in terms of market cap volume then I think DEX does not have this though there are dex now had gone some good marketcap volumes like those known dex.Try to compare trading volumes with market capitalization and also check up recent orders and trades. Title: Re: Cryptocurrency Exhanges - South Korea Post by: biskitop on February 13, 2019, 08:11:07 AM I'm sure one by one the country will start receiving crypto, and crypto will grow. so believe that the crypto market will always be good.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: fauzan Ichsan on February 13, 2019, 09:30:52 AM I'm sure one by one the country will start receiving crypto, and crypto will grow. so believe that the crypto market will always be good. now is the selection of crypto users, many believe, but many who are impatient waiting for high prices come. until finally many countries will follow in the footsteps of South KoreaTitle: Re: Cryptocurrency Exhanges - South Korea Post by: Shiversnow on February 13, 2019, 10:55:47 AM I have lost several times because I made a deposit on the exchanger that made a volume of fake trading and traders with bots, this made me lose because I had to do WD and have to pay a withdraw fee. As of now many exchanger make an fake volume in order to attract more investors and trader that will put their money to their exchanger. I also a experience that situation where I lost some of my funds. Most of the project right now are exchanger so it's hard know if they have reliable volume or they use bot.Title: Re: Cryptocurrency Exhanges - South Korea Post by: entebah on February 13, 2019, 12:11:57 PM I see great progress happening in South Korea, because the Korean government has legalized Cryptocurrency in its country, and now there are many large exchange markets from Korea, and they have many traders there, so the Korean market always has large trading volumes every day.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Crypdon on February 16, 2019, 10:15:19 PM It's not just fake volume that south korean exchanges are suffering from, it is the continuous hack attacks from their northern neighbours. Better to stick with huobi and kucoin as alternatives to binance
Title: Re: Cryptocurrency Exhanges - South Korea Post by: finaleshot2016 on February 16, 2019, 10:41:54 PM Well, this kind of issue was also happening in the EU/west not just only in south korea. Also, exchanges that popped out from nowhere was also doing this kind of method and there's a transaction/negotiation between a project and exchange platform. They might fooling us for many months waiting for the exchange but actually they're finding an exchange that will help them to fool the participants of the projects. Everytime the distribution and listing keeps extending, they're just being shady af.
It's not just fake volume that south korean exchanges are suffering from, it is the continuous hack attacks from their northern neighbours. Better to stick with huobi and kucoin as alternatives to binance I thought they have an agreement to each other? Why there's a continuous attack from north? Kucoin is the best exchange from me, a trustworthy and truthful exchange site. Unlike with DEX that has no volume and unknown ex., they just work for money, not in the development of cryptoworld. I hate scams. Title: Re: Cryptocurrency Exhanges - South Korea Post by: BUK2016 on February 16, 2019, 10:47:46 PM Well that will a good development to the crypto currency community in south Korea and they should be prosecuted according to the law of the land. One need to be very careful of exchange that should put his or her money into so as not to fall into this type of exchange company.
Note: Creeps your avatar need to be change to updated one by your campaign manager. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Kez1817 on February 16, 2019, 11:17:25 PM We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: mirakal on February 17, 2019, 01:54:58 AM We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency. Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. Title: Re: Cryptocurrency Exhanges - South Korea Post by: crwth on February 18, 2019, 03:43:03 AM We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency. Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. Title: Re: Cryptocurrency Exhanges - South Korea Post by: nur rochid on February 18, 2019, 06:34:08 AM We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency. Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. Title: Re: Cryptocurrency Exhanges - South Korea Post by: setialovers on February 18, 2019, 07:04:39 AM We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency. Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. As long cryptocurrency and the market still not regulated by government, Whales can control the price or supply in market. The problem between coin/token price is different among exchanger and thats give a chance for whales to drive the price Title: Re: Cryptocurrency Exhanges - South Korea Post by: Renaldi blackspadeteam on March 05, 2019, 09:09:23 AM I agree, they deserve this punishment, South Korean regulations should be an example for other countries, hoping that the manipulations will be afraid and discourage them,
for now I only know the crypto exchange with high volume is "binance" whether there are still other exchanges that have large and real volumes. Title: Re: Cryptocurrency Exhanges - South Korea Post by: millgates on March 05, 2019, 09:56:36 AM I agree, they deserve this punishment, South Korean regulations should be an example for other countries, hoping that the manipulations will be afraid and discourage them, We should keep thrust to most of exchange site, although manipulation can be happen. Even I heard that more than half of all trade now executed just by a hand full of high frequency traders who use rapid fire computers to essentially force slower investors to give up profits. By the way in this case South Korea has proved that korea has strong and professional law enforcement. Creating a high volume of trades allows the coin candle stick to look stable while demonstrating activity to investors but honestly it can help new coin. for now I only know the crypto exchange with high volume is "binance" whether there are still other exchanges that have large and real volumes. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Shenzou on March 05, 2019, 11:05:33 AM South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea. The manipulation and the faking of the trades is something that is not just happening in south Korea, but in other exchanges based around the world, and this is something that is expected to be happening as the current market is flooded with exchange sites, and the cryptocurrency is a market where there is a lot of competition as it is still fairly new, i am sure in there is a lot of things happening under the table in order to make it seem that the site is popular, and i ma glad that something is starting to happen about it and i hope that there would be more investigation and regulation in the market.This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume. https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/ I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange? Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that. Title: Re: Cryptocurrency Exhanges - South Korea Post by: cizatext on March 05, 2019, 01:08:39 PM The sanctions of the the executives of those exchange where made possible due to centralized method of operation and what will now happened to the executives of exchange who are not centralized but decentralized, well kodos to the government that show there is now high level of regulations in the crypto exchange. Because many of them manipulate the trading volume at they wish.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: meanwords on March 05, 2019, 02:05:23 PM That's one way to stop those manipulators. Maybe other medium to big exchanges do that too. That's why I use decentralized exchanges now for trading and transacting. I seldom use centralized exchanges anymore because of these issues and more, like security. Be careful guys.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Mometaskers on March 05, 2019, 09:47:54 PM This is why I don't trade much now. Always the risk of things like this happening. Not to mention hacking incidents.
But kudos to the South Korean government indeed. It could have went on for longer. Funny considering usually we want government to keep out. Title: Re: Cryptocurrency Exhanges - South Korea Post by: PlusOne88 on March 06, 2019, 11:44:07 AM I think if they are jailed then we can safely say that the government is really doing their best and that cryptocurrency was not just a thing that everybody or anybody may use to scam people. Doubts may be there but do not be afraid since these concerned people are as well working hard to keep users safe from using the cryptocurrency.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Lalafell on March 08, 2019, 02:42:38 PM I have seen a lot of exchange project in bounty thread and some are Korean team and developer. In addition, South Korea are one of the country who support and allow cryptocurrency. And I think making exchange that have fake volume or bot traders will be result to a negative impact in South Korea cryptocurrency community.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Kemarit on March 08, 2019, 03:13:17 PM Ok here's the thing, wash trading has been practice many years ago and up to this day, I believed that there a even more wash trading because of the worsening market conditions. If everyone is really wanted to see a comprehensive report as to who's who in this fraudulent business, here it the link: (https://www.blockchaintransparency.org/december-2018-rankings), and the latest reports. Although this is a a good thing specially coming from South Korea, because we all know that they're in the top 5 of most active crypto traders around the world so it makes sense for them to really tighten the grip on their local exchanges. So that it won't give a negative connotations that their government is absolutely allowing this kind of frauds.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: upsidedown75 on March 09, 2019, 04:54:33 PM I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange? It is very common with most exchanges faking their trading volume thereby leading new investors into believing their deceitful ways.Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that. It’s not only in south Korea but am happy that south Korea government have put regulations in place to correct this and I hope other others can follow suit because there is a lot of competition in cryptocurrency market, so many would have to do a lot to make their site look like aside been long in existence, it’s also popular but what they do not know is it is not legal and not in any way right to escalate numbers just to deceive investors. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Bitcoin-Turkiye on March 09, 2019, 10:31:44 PM The South Korean state has done the right thing. the prison sentence is a punishment they deserve. For the big players who are controlling the market, it would be good if they had such prison sentences..
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Altero on March 10, 2019, 01:36:10 AM It feels to me disappointed of their exchanges, mostly all of them are written into their languages which is we can understand. I've visited some if their exchanges and tried to registered with one of them and so I can sell my tokens but somehow it turns me off since I can't proceed cause I really don't understand the words appears even we choose English language.
I'll doubt if they could attract more investors. Hope they'll improve it. Title: Re: Cryptocurrency Exhanges - South Korea Post by: jhongzjhong on March 10, 2019, 03:50:38 AM It feels to me disappointed of their exchanges, mostly all of them are written into their languages which is we can understand. I've visited some if their exchanges and tried to registered with one of them and so I can sell my tokens but somehow it turns me off since I can't proceed cause I really don't understand the words appears even we choose English language. I had registered Korean exchange before but there's an option there to set into the English language just like coinrail.co exchange they are from Korea base. I don't understand why there are some exchanges did not have on that kind of option language, they even know English is a universal language that used a might get their clients friendly. Still, the Korean government did not against crypto and that is the good thing there.I'll doubt if they could attract more investors. Hope they'll improve it. Title: Re: Cryptocurrency Exhanges - South Korea Post by: okala on March 10, 2019, 06:37:37 AM The anonymous nature of the cryptocurrency industry have made it easy for big player to be able to manipulate the market easily, most especially the big exchange owners who carry out some criminal act all in quest to make large profits off the market.
Title: Re: Cryptocurrency Exhanges - South Korea Post by: shesheboy on March 10, 2019, 06:50:15 AM That's why I use decentralized exchanges now for trading and transacting. I seldom use centralized exchanges anymore because of these issues and more, like security. Be careful guys. dex exchanges are known to have less volume though they are more private but not all centralized exchanged are having an issues and the coin listing also differ on both types of exchanges . south korean based exchange are indeed hot but not because of the known issues but because most of their exhcange are becoming indemand compare to other country based exchanges . so what if the volumes are manipulative ? just trade coins that are legit and avoid those new/unpopular ones , you'l be just fine . volume is not really big issue to me . Title: Re: Cryptocurrency Exhanges - South Korea Post by: bitgolden on March 11, 2019, 09:47:57 AM That's one way to stop those manipulators. Maybe other medium to big exchanges do that too. That's why I use decentralized exchanges now for trading and transacting. I seldom use centralized exchanges anymore because of these issues and more, like security. Be careful guys. Yes, I hope this truly stops manipulators because it’s just their ways and it’s no longer a new thing either. This is not just applicable to south courier alone but even in Europe.I think the idea of faking trades and increasing volumes is to deceive incoming investors and that is really unfair but just like you said it’s better to just use decentralized exchanges for trading and even for security reasons which is what I do also. Title: Re: Cryptocurrency Exhanges - South Korea Post by: Crypdon on March 11, 2019, 08:18:29 PM South Korea is a country that is pushing crypto forwards, stamp out those scammers and deliver quality exchanges. Preferably safu ones that don't get hacked by the North Koreans
Title: Re: Cryptocurrency Exhanges - South Korea Post by: Kelvinid on March 11, 2019, 09:32:32 PM That's why I use decentralized exchanges now for trading and transacting. I seldom use centralized exchanges anymore because of these issues and more, like security. Be careful guys. dex exchanges are known to have less volume though they are more private but not all centralized exchanged are having an issues and the coin listing also differ on both types of exchanges . south korean based exchange are indeed hot but not because of the known issues but because most of their exhcange are becoming indemand compare to other country based exchanges . so what if the volumes are manipulative ? just trade coins that are legit and avoid those new/unpopular ones , you'l be just fine . volume is not really big issue to me . |