Hi,
I noticed that a at some coins users seem to manipulate the trade volume by buying and selling to themselves. The last couple of weeks for example this happens with stealthcoin.
At bittrex today it looks like xst has a nice volume but if you take a closer look you see it only comes from a few trades. And because the trade amounts are almost identical im almost sure it is someone who buys his own sell orders to manipulate the trade volume.
Secondly i was watching the orderbook when those trades happened and there wherent any sell orders with this amounts of btc. they where placed and instantly bought right after they where placed.
If you dont count those "fake" trades and when the bot trades arent counted then volume will drop with 90%.
With this kind of trading the coin gets pumped to page one of bittrex and a lot of people think its a highly traded coin and start to invest in it. Offcourse people have to be smart and trade volume doesnt have to mean anything, but still its smells a bit like fraud to attract new investors.
Maybe i see things totally wrong but why else would people buy and sell the same amount of coins within a few minutes and do the same stuff every x hours?
cheers
Robin
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