Bitstamp the new OKCOIN 2.0 volume manipulators. Fake Wall observer.

[1Referee]

When an actual price change occurs bitstamp volume is tiny. But when nothing is happening suddenly people "trade" thousands of Bitcoins back and forth with no price movement whatsover.

What also happens is that whale traders want to increase their total generated volume for the month to get lower fees in return. This mostly happens when there isn't volume. That makes it easy for them to put up a large buy wall and dump in their own buy wall a second later to prevent others from buying up their coins.

[Fiat_Hodler]

When an actual price change occurs bitstamp volume is tiny. But when nothing is happening suddenly people "trade" thousands of Bitcoins back and forth with no price movement whatsover.

What also happens is that whale traders want to increase their total generated volume for the month to get lower fees in return. This mostly happens when there isn't volume. That makes it easy for them to put up a large buy wall and dump in their own buy wall a second later to prevent others from buying up their coins.

unlikely especially considering there isnt much "real" liquidity on that exchange anymore.

You ought to take a look at what Bobby Lee CEO of BTCChina says about these kinds of things way back in early 2014 (hint: nothing has changed).

Bobby Lee on exchange volume deception:

https://www.youtube.com/watch?v=2M12zzwNkCo&t=12m35s

[1Referee]

When an actual price change occurs bitstamp volume is tiny. But when nothing is happening suddenly people "trade" thousands of Bitcoins back and forth with no price movement whatsover.

What also happens is that whale traders want to increase their total generated volume for the month to get lower fees in return. This mostly happens when there isn't volume. That makes it easy for them to put up a large buy wall and dump in their own buy wall a second later to prevent others from buying up their coins.

unlikely especially considering there isnt much "real" liquidity on that exchange anymore.

You ought to take a look at what Bobby Lee CEO of BTCChina says about these kinds of things way back in early 2014 (hint: nothing has changed).

Bobby Lee on exchange volume deception:

https://www.youtube.com/watch?v=2M12zzwNkCo&t=12m35s

Thanks for the video. I found the part where he discussed phantom orders the most interesting. Back in the time in 2014 where I was doing altcoin trading these phantom orders where obviously visible on exchanges as bittrex and cryptsy. Till this day on Bitstamp, I haven't noticed these forms of manipulation. Or they manage to hide them so most people don't notice anything.

[Fiat_Hodler]

When an actual price change occurs bitstamp volume is tiny. But when nothing is happening suddenly people "trade" thousands of Bitcoins back and forth with no price movement whatsover.

What also happens is that whale traders want to increase their total generated volume for the month to get lower fees in return. This mostly happens when there isn't volume. That makes it easy for them to put up a large buy wall and dump in their own buy wall a second later to prevent others from buying up their coins.

unlikely especially considering there isnt much "real" liquidity on that exchange anymore.

You ought to take a look at what Bobby Lee CEO of BTCChina says about these kinds of things way back in early 2014 (hint: nothing has changed).

Bobby Lee on exchange volume deception:

https://www.youtube.com/watch?v=2M12zzwNkCo&t=12m35s

Thanks for the video. I found the part where he discussed phantom orders the most interesting. Back in the time in 2014 where I was doing altcoin trading these phantom orders where obviously visible on exchanges as bittrex and cryptsy. Till this day on Bitstamp, I haven't noticed these forms of manipulation. Or they manage to hide them so most people don't notice anything.

thanks for your comments.

[Fiat_Hodler]

Some people pointed out to me that the bitstamp fake voume was posted on reddit 3 weeks ago.

Thanks to user "BTCVIX" on reddit for their insight.

https://www.reddit.com/r/BitcoinMarkets/comments/3lwnyn/the_state_of_trading_in_the_bitcoin_markets/