New report on wash trading scares me

[SirLancelot]

Usually we can check on what the real trading is from a collective increase and decrease in the price and the volume which means you can relax by just looking at it. Yes exchanges mostly do wash trading to show boat and promote themselves and tell everyone they have a lot of volume however that doesn't change the global volume that much.

If you follow the volume closely whenever price of bitcoin goes up the volume is up as well and whenever bitcoin goes down the volume already went down. Which means from the movements of volume we can still gather some stuff however not all. You also need to check the new exchanges that have absurdly high volumes and take that out from the calculation.

[spongegar]

I don't know about these reports. Maybe we're juat blowing this up out of proportions to a point that we're screaming end of the world. I guess i still believe in crypto currency and that it would be the only currency on the market in the future. Maybe a few years will pass by when all of this is realized but it will happen.

[tosmartak]

I don't know about these reports. Maybe we're juat blowing this up out of proportions to a point that we're screaming end of the world. I guess i still believe in crypto currency and that it would be the only currency on the market in the future. Maybe a few years will pass by when all of this is realized but it will happen.

No one is screaming the end of the world or blowing things out of proportion, it is just the way things are when it comes to market manipulations and considering the fact that this market has been a bit of an unregulated space or mostly unregulated actually, we have gotten to see a lot of people out of greed do whatever they like and that includes wash trading.

Nonetheless, I know all these won't last forever and even at that with all the possible manipulations, it has never stopped the market from growing, but indeed just stylishly eliminating the weak hands.

[Ranly123]

Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>.

This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated.
What do you think of the current state of big exchanges and price manipulations that we experience?

my source: https://www.blockchaintransparency.org/reports/

If that's the case for those big exchanges that the prices in the market is manipulated then it would not be good for the community. But I think it's not manipulations but it is the reality in this ever changing world of cryptocurrency.

[nur rochid]

Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>.

This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated.
What do you think of the current state of big exchanges and price manipulations that we experience?

my source: https://www.blockchaintransparency.org/reports/

If that's the case for those big exchanges that the prices in the market is manipulated then it would not be good for the community. But I think it's not manipulations but it is the reality in this ever changing world of cryptocurrency.

it is very unlikely that an exchanger will do this. i think they know to work professionally and certainly won't damage their own reputation. of course if it is right to do and consumers know, then member will immediately leave it

[wxa7115]

Hey guys, so i've read a new report on how much of the exchanges volumes are just wash trading and the numbers are way too high for what real users do>.

This is pretty concerning, since the market might not be nearly as stable and mature as we think, it might all be manipulated.
What do you think of the current state of big exchanges and price manipulations that we experience?

my source: https://www.blockchaintransparency.org/reports/

I have always thought that the volume that we see is not real and that is inflated and exaggerated by exchanges, and while that is important I do not see a great effect in the price of bitcoin, bitcoin is by far the strongest cryptocurrency in the market and even if the volume was cut in half there will not be any bad effects that will affect bitcoin, however it is entirely possible that this could affect the price of altcoins, because as we know those coins are not as strong as bitcoin.

And since the demand of most coins is very low finding out that the volume is mostly fake will undoubtedly shake the confidence in the market in those coins and could make them disappear or at least to lose a lot of value.

[1Referee]

it is very unlikely that an exchanger will do this. i think they know to work professionally and certainly won't damage their own reputation.

Exchanges will do everything they can to have themselves rank up based on volumes on sites such as CMC, because that's where most of the traffic comes from nowadays.

Asian exchanges are amongst those who cheat the most with their volumes, where OKEx and Huobi are the absolute leaders in that field.

of course if it is right to do and consumers know, then member will immediately leave it

People know it happens, they simply don't care. As I said above, sites as CMC are very important for exchanges, and for that reason will do everything they can to retain their top 10 spot, because that's what traders look for and consider 'safe' enough. The downside of this is that compliant exchanges can't compete with cheaters because of how much there is to lose for them.

Out of the exchange top 10, 8 exchanges are unregulated. The other 2 might be as well, but I'm not sure. No wonder the SEC isn't interested in this nonsense.

[maxreish]

I was confused back then how that volume easily dragged down and then basically goes up that easily. Not until I've heard about wash trading. The manipulation of investors which will mislead some of the traders. If you are unfamiliar with this kind of thing, it will be a great loss for you.