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True version of the question is that are non-crypto owners naturally paranoid? There is a spesific reason of reality. Software, open source software of the Bitcoin and all the cryptocurrencies.
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Have you ever heard about WBTC? No one can centralized the Bitcoin in a De-Fi world.
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Bitcoin is not money. It's a value. The biggest mistake in the universe is spending Bitcoin for fiat money.
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''For greater privacy, it's best to use bitcoin addresses only once.'' -Satoshi Nakamoto
No one can find him out. He shows himself if he wants. Remember the Genesis Block.
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Do you agree with this idea? Example: X coin has 100M max supply and there are 50M supply circulating on it's network. They sell 50M+ coins year by year to people who wants to buy it. Imagine a bank gives credit (more money than the bank has) to costumers.
Do you know on how exchangers work? The way you do make out explanations about supplying a particular coin then its not really their coins at all unless if you do talk about exchange-made or dedicated coins then that would be understandable. Then whats the issue about it? Among all of the coins that they do list out then they are just intermediary or middle man between buyers and sellers and they are just simply taking out trading fees or commissions between those transactions. Banks? those are typical stuffs but i dont see the point of comparison.Better read up everything about the basics on how exchange platform works. Why you all trying to troll me? I'm not saying exchanges have the half of the supply! They confirm transactions off-chain right? Of course they will do it in that way but you can't see any information about the transaction right? Why you all are so comfy? They may be taking your Bitcoins and giving you numbers? There is no problem when you want to withdraw it until the everyone decide to do same thing. |
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I don't have a screenshot or something to prove it. It was early 2017 and Poloniex was doing what I did talk about. Now I am sure that Binance's selling non-exist coins to it's customers. Okay, I can't prove it but it deserves being a theory. There are too many people try to earn easy money on the Exchanges. Therefore, it will never be more than a theory until the regulation or greedy people decide to withdraw all their assets their own wallets. I'm gonna wait for the first one.
Well, it's definitely possible. Just like you said if everyone withdraws we'll see whether those exchanges are doing some dirty things or not. To be honest I'm not surprised if this happens on low volume/low-quality exchange where you can't even withdraw $50 from your balance. This is why Paypal selling bitcoin is a very risky service, at least for me. Like others mentioned above, the chance of getting scammed is high, even if the company is reputable (since we don't really know whether they have any bitcoin or not). If you do believe an exchange is doing something shady, feel free to leave them and make a thread about it. Pretty sure it will help people as long as you get enough proofs about the order book and stuff like that. I've already left the Binance and removed my $VET and $WAVES to my own wallet. I'll be watching the market and I'll make a thread about it with more details. Exchanges will have to stop speculate and remove fake resistances. Cryptocurrencies can't drop like %90. Infinity high values in their nature. |
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I see. So can we prove that you hold a real coin when you buy it on an Exchange? You can not see an address or txID when you buy X/BTC on an Exchange. Even though you can't know that the seller is a bot or a real one, how do you believe you hold real coins on your wallet?
There is a solution for prove that the coins on the wallet aren't fake numbers. Try to withdraw your assets(all users) to coin's own wallet then see is it all about manipulation or real blockchain. There are 50M Xcoin on the user's wallet but what if they decided to withdraw 50M Xcoins from the Exchanges to their own wallet? Don't say 'Exchanges match sellers and buyers bla bla' me please.
Try creating a Bitcoin exchange that only works with on-chain txs. See how many customers you'll have when they find out they have to pay dozens of bucks per trade during congested mempool. This is why exchanges do the trades off-chain. On-chain, things would fail from the start. I'm still waiting for a proper example of an exchange having more liquidity than the existing supply of a coin.. I don't have a screenshot or something to prove it. It was early 2017 and Poloniex was doing what I did talk about. Now I am sure that Binance's selling non-exist coins to it's customers. Okay, I can't prove it but it deserves being a theory. There are too many people try to earn easy money on the Exchanges. Therefore, it will never be more than a theory until the regulation or greedy people decide to withdraw all their assets their own wallets. I'm gonna wait for the first one. |
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I understand your all words truely but...
Do you remember when the Poloniex was a popular exchange? You could simply see more supply on the sell orders more than circulating supply of an altcoin. Is that all about the numbers they display? If so, how and why they did it?
Of course they won't sell more coins than they have but I meant coins which doesn't exist. They can simply show people only numbers. So an exchance can collect their Bitcoins and they can give them some $ with that way?
The order book on exchange is most commonly from liquidity provider bot. So some of the sell order on the exchange especially those sell order far from the current price is not an actual token. I don't know exactly how there bot works but is the common method of exchange to provide liquidity on there order book. Did you really see the main question? Do you really comprehend my statement or you didn't know how market maker bot works? Bots provide fake volume on exchange by providing fake transactions and orders in there order book. Meaning the tokens they are placing in the order book is not real, they are using it to fake the volume on the order book. This will fall what you are talking about so called "Circulating Supply is greater than Max Supply". Unless the exchange you are talking about is Decentralized Exchange then this statement is not valid. LOL. X100 I see. So can we prove that you hold a real coin when you buy it on an Exchange? You can not see an address or txID when you buy X/BTC on an Exchange. Even though you can't know that the seller is a bot or a real one, how do you believe you hold real coins on your wallet? There is a solution for prove that the coins on the wallet aren't fake numbers. Try to withdraw your assets(all users) to coin's own wallet then see is it all about manipulation or real blockchain. There are 50M Xcoin on the user's wallet but what if they decided to withdraw 50M Xcoins from the Exchanges to their own wallet? Don't say 'Exchanges match sellers and buyers bla bla' me please. |
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fiulpro thank you for your patience and clear explanation. Why no one is trying to answer it? 'what if everyone decided to withdraw their coins from the exchanges to their own wallets'
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I'd rather believe that some exchanges fake volumes (and they do) instead. I think your fear is way more possible with companies like PayPal selling coins they never let you withdraw. Here's how exchange orders look: -> BTC/USD pair is listed on Exchangeus. You are the first to sign up there and deposit your 1 BTC. You place a sell order: 1 BTC for $2k. Alice comes up and wants to purchase BTC but your order is the only one that exists on Exchangeus. Alice deposits $2k through her bank account and places a buy order, filling up your sell order entirely. -> Bob comes up and decides he doesn't want to sell at $2k because he thinks 1 BTC at $2k is cheap. Bob has 10 BTC in his personal wallet. He deposits his 10 BTC on Exchangeus and places an order for $100k per coin. There goes a sell order worth $1M. But just because Bob wants to sell at $100k per coin does not mean BTC will ever touch that price. Perhaps by the time Bob remembers he placed a sell order, Bitcoin will in fact drop to the floor and be worth $0.01 per coin. Bob's sell order still remains alive though. Although Bitcoin's fully dilluted market cap is now worth $210k, Bob's order is still worth $1M. He's still waiting for it to be fulfilled, yet that does not mean it will ever happen. You see this happening with a lot of shitcoins. Some people have extraordinary hopes that someone will accidentally sell their shitcoin at astronomical prices. And sometimes.. this really happens! Let's say you and Alice go over Exchangeus again. You are the only Bitcoin traders there. Suddenly, you start continuously buying & reselling 1 BTC a hundred thousand times between each other. The volume you create is worth 100k BTC, but the reality is.. just a single coin has been moved. Although the volume is that high, it does not mean this many coins have been moved around. Thank you for your examples but I don't talk about the sell order's worth. I say that how can we see 14M coin supply at he sell orders when the circulating supply of Xcoin is 10M? |
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I understand your all words truely but...
Do you remember when the Poloniex was a popular exchange? You could simply see more supply on the sell orders more than circulating supply of an altcoin. Is that all about the numbers they display? If so, how and why they did it?
Of course they won't sell more coins than they have but I meant coins which doesn't exist. They can simply show people only numbers. So an exchance can collect their Bitcoins and they can give them some $ with that way?
The order book on exchange is most commonly from liquidity provider bot. So some of the sell order on the exchange especially those sell order far from the current price is not an actual token. I don't know exactly how there bot works but is the common method of exchange to provide liquidity on there order book. Did you really see the main question? |
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Looks like you don't even know how exchanges traditional crypto exchanges with order books work. Who told you they are the ones who sell crypto to buyers.
And crypto addresses are viewable by the public. If a coins is legit like Bitcoin, there is no room to create coins out of a thin air minus it getting noticed unless if of course you are using shit coins and shit exchanges where you will shamelessly get scammed.
I don't say all sellers are the exchanges. Don't get me wrong please. I know the basic of an exchange. I just wonder what if everyone decided to withdraw their coins from the exchanges to their own wallets? There are enough coins on the exchange's wallet? Or the whole wallets are just numbers? They urgently stop withdraws when all traders decide to take their coins to their own wallets because exchanges doesn't have enough coins. I said 'traders' because of that a real holder never sell coin on the exchange if it's not miner. |
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I understand your all words truely but...
Do you remember when the Poloniex was a popular exchange? You could simply see more supply on the sell orders more than circulating supply of an altcoin. Is that all about the numbers they display? If so, how and why they did it?
Of course they won't sell more coins than they have but I meant coins which doesn't exist. They can simply show people only numbers. So an exchance can collect their Bitcoins and they can give them some $ with that way?
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Do you agree with this idea? Example: X coin has 100M max supply and there are 50M supply circulating on it's network. They sell 50M+ coins year by year to people who wants to buy it. Imagine a bank gives credit (more money than the bank has) to costumers.
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Hey guys! How it's going?  |
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Destekten zarar gelmez. Deneyelim.
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I am sure we touched the bottom today. so i am going to real Estate Dealer for selling my house and buy bitcoin. I suggest you all do that
If you ask me don't wait. Go and sell but don't buy Bitcoin now. Just get your cash and watch what happening. However, if you say I can't wait, don't wait. Join us and buy 5 house after Q2 of 2018. .(All words about if I were you) |
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Now watch how incrase the Bitcoin. After a few announcement it's going to moon and everyone who has not bought yet will cry.
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It can be late to buy Bitcoin in two month. Now all people can get it but it will not easy like that soon.
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What a hardworking team! I recieve min 5 notifications from you! You guys will go to moon soon.
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