Another reason why we need some kind of regulation when it comes to cryptocurrency exchanges. Remember fake statistics and charts leads to fake results. If I am a trader I want to make my buy and sell analysis on the real price chart of a cryptocurrency. I really don't want to buy something that I don't know has fake price action. By buying one you know that you are at the mercy of the manipulators. This kind of price manipulation uses deceit which is punishable by penal law. Government of countries need to make a quick action about this one.
you have just spoken my mind, things likes present a young industry in a bad light. This extortion is pure greed. |
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so a guy made a tweet saying an exchange does fake trades.
1. does not prove exchanges do it internally
2. does not prove exchange said that
3. dos not show which exchange it is
4. does not show it does it using zero deposit(backed) funds
all its saying is an ICO owner could get the first 50btc of trades at zero fee. which is not illegal
all in all i think its a honeypot trap the SEC are trying in the hopes of using empty evidence from an unidentified 4th party (hearsay of hearsay) but that just seems too obvious. but i think the SEC might be desparate to find something to then grab any reason to say manipulation via exchange insiders occurs.
i think the tweet owner should report the evidence and proof it actually happens instead of a graphic he could have created himself to invent evidence.
until real proof is available that documents trades done by bots that hold no real balance. then we cant just say its happening.
Are you saying this thing is not real?? The man has emails, if he wanted to make a case, but that will be indirectly shooting himself in the foot... If you read the concurrent tweet from the twitter handle i provided, this is a cankerworm and if it is not curbed will eat deep into cryptocurrencies |
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To list coin that will still bring money for them by trading it 1m dollar and you said it not wickedness
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This is one of the risk one must take in this space. Its either you go all i or you back out totally.
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For me, i use an hardware wallet, Ledger nano S. It is one of the safest ways to secure your cryptocurrencies.
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Safe journey in your future venture, you have really had your fair share of the bitcoin experience. Good luck
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The world’s largest stock markets such as the New York Stock Exchange (NYSE) and Nasdaq charge companies $225,000 to $300,000 for initial public offering (IPO) listings and a $70,000 annual fee. Cryptocurrency exchanges charge $500,000 to $1 million to list digital assets, which involve a process that is significantly simpler than listing stocks.
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I think very soon, cryptocurrency will soon be tagged overrated if regulations don't creep in
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Another industry problem has been recorded in the blockchain industry as a top 30 Cryptocurrency exchange is asking projects to use trading bots to create fake volume. Today been the 18th day of June 2018,Joseph Young shared a listing proposal of the unnamed exchange on twitter. In the feedback of the proposal submitted by FRESCO founders,The exchange states in Chinese characters that they ‘help you achieve 50BTC daily volume’ with API and Trading Assistant provided,the exchange further said that when you create good volume, your tokens candlestick chart will be very attractive to lure more investors into purchasing your tokens. This is the response the exchange gave to the Co founder of an ico wishing to list Our Trading Assistant is a simple trading bot, that solves the depth and volume of your token with ease'. However it is suggested to have 'an expert working on it, because you know money is involved. If you want to create market cap management, we will provide the API and let your engineering team customize the trading bot for your project, According to the Exchange. You can verify this story on the twitter handle of fresco https://twitter.com/_akahry_/status/1008705354648047616Please share your thoughts Thank you |
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Its good you have learnt from your mistakes
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cryptocurrencies without atangible product will surely crash to zero
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Why should this be news in the first place? Banks gets hacked, Hbo was hacked few weeks ago, and alot more hacks. Why should there be a fuss about crypto. It is part of the risk of the business, life itself is a risk. We just hope that there are more preventive measures against hacks in the future
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The future of Cryptocurrency is very bright, as more adoption and use case are being developed. The mainstream only needs financial security before they dive in and i think with regulation shouts flying about, there will be a consensus very soon. we can only hope for a bright future for our dear crypto
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I regret using blackberry, it limited me so many times, it takes time to boot, its battery is so wack. I wish i never joined the blackberry gang
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Only Jesus can save....Believe in him and you shall have eternal life. He really Loves you.
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I check coinmarketcap, funny yes... But seeing prices changes my money asap
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If you have never been scammed then you have not been investing, you have not been trying to get rich. I have been scammed quite a few times but I'm wiser now
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There are many ways, but mine is through cryptocurrency.
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Whitepapers are not the only consideration when investing in an ico, although important, other factors just just reassures ones confidence, like team, product, etc,.
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