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Author Topic: Manipulation of cryptocurrency exchanges.  (Read 1706 times)
hashman
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October 07, 2019, 01:45:40 PM
 #181

I have seen an Exchange that manipulates prices on its Exchange, their purpose is only to attract traders to trade there. But they forget that today's traders are no longer stupid, Traders now know how to distinguish between the real prices and fake prices.

So much people lost their money in these kinds of exchanges. They manipulate their prices and let people deposit some fun. People send small mount of coin and make their first try. When it is successful people send more coin for buying something cheaper than market price. And they never can withdraw their fund again. Sen e-mails to customer support and no response.
Never fall this trap. These exchanges are scammers. Always trade at safe exchanges. Binanca, Bitfinex, Bittrex, Coinbase etc. Kraken also alternative.
Also be careful about Okex and Huboi as they are using wash trades and show fake volume.
Safe Trades to everyone.
baiwei
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October 07, 2019, 03:10:16 PM
 #182

Many of exchangers now are not good enough to list in as many of those are having fake volume or did not getting a high rate of the coins that project offerings, so many of bounty Hunters and investors are looking for a project that kist the coin in the popular exchangers or on the top exchange to assure they will make profits tru promoting and investing.
darewaller
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October 09, 2019, 08:40:01 AM
 #183

Nothing new as this happened all the time. Fake volume, fake price, bots and so on, manipulation at its fullest potential.Did you actually believe that exchanges are having that amount of volume per 24 hours ? Think again mate, nothing is what it seems and nothing will change anytime soon as the party won't stop. Be glad that pump and dumps don't happen like they did before or at least it happens in low ranked coins which is the good part.
I know that I have heard of a lot of exchanges manipulating the cryptocurrency market, but I have not really paid attention to them as I don’t think that I am using an exchange that is doing such a thing, the exchange that I am presently using which is binance has very high users that is using their platform on a daily basis, and I really don’t think there should be any reason why they should manipulate prices gain.

They might have done it in the past, maybe when they were first released in order to get some attractions, but now that they have lots of real users, they would not be crazy enough to still continue to engage in this shady activities and I think most of their volume can be very reliable, which is why I believe the data that I see on binance exchange even more than coinmarketcap data.
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