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Author Topic: Wash Trading: Markets manipulation  (Read 302 times)
tmfp
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December 18, 2018, 08:31:46 PM
 #21

I don't think this is neither illegal or even immoral. When the whole livelihood of your lives work depends on you doing wash trading so your volume look high that is still quite acceptable, add the fact that others do it too and you got yourself a no brainer.


Are you trolling? Good one if you are, otherwise you are not making any sense. Here's why: it's fraud. Wash Trading is fraud. Anyone who has a livelihood dependent upon such activity is a fraud too.

There's a third possible explanation: some libertarians question the whole concept of fraud, arguing that every trade interaction is based in deception (see Friedman comment in link).

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December 18, 2018, 08:37:51 PM
 #22

Incredible data  Shocked
I'm scared about these results even if we could consider like a base volume that can be unimportant once volume increases.

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December 18, 2018, 09:01:23 PM
 #23

I don't think this is neither illegal or even immoral. When the whole livelihood of your lives work depends on you doing wash trading so your volume look high that is still quite acceptable, add the fact that others do it too and you got yourself a no brainer.


Are you trolling? Good one if you are, otherwise you are not making any sense. Here's why: it's fraud. Wash Trading is fraud. Anyone who has a livelihood dependent upon such activity is a fraud too.

There's a third possible explanation: some libertarians question the whole concept of fraud, arguing that every trade interaction is based in deception (see Friedman comment in link).

I understand the argument, but the existing society in which I currently function and presumably you too has declared that Wash Trading is illegal. They have a pretty good argument for it too.

Sure, it's not illegal just yet in the crypto space but it's on the way.
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December 18, 2018, 11:41:07 PM
 #24

Obviously there's no way of knowing, but it's rather more important to know who's wash trading. If it's the actual customers then I'm not too bothered. That's what enough assholes do already.

If it's purely the exchanges themselves, and I'll guess most of the time it is, then that's much more odious.

why is that? with volume pumping, i figure the exchanges are just trying to exaggerate volume and liquidity to attract more traders. some relatively innocuous algorithm that amplifies volumes without necessarily manipulating the market much (since everything is amplified).

if traders are doing it, i assume their intention is always bad. rationally, there's no reason for traders to engage in that behavior unless they are trying to manipulate price.

Exchange transactions do not happen on the blockchain. Therefore exchanges do not need to wash trade in order to pump volumes. They can simply inject fake transactions into the trade log. Internally they mark the fake ones so they don't get counted in their accounting. Externally you see it as a transaction.

Without external auditing of their systems and oversight, centralized exchanges are free to do whatever they want and if they really wanted to these fake volumes would be virtually undetectable or impossible to prove.

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December 19, 2018, 12:18:46 AM
 #25

I knew that some exchanges try to make a fake data to increase their popularity, but I never knew that the conditions is so severe, almost all of the exchange do this kind of things to attract more investors, its a fraud and manipulation, if the exchange do this thing with the intention to attract more investors then we need to question the legitimacy of the exchange, it could be one of the way to attract more customers and then runaway with the money
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December 19, 2018, 12:50:39 AM
 #26

I don't think it's acceptable at all. It's a type of fraud as people are basing their trading decisions around the volume on these exchanges.
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December 19, 2018, 08:23:17 AM
 #27

If this is true, I think this is very terrible and a big disaster. I will not eat all the news brutally, this news should be checked for truth.
many people trade there, I'm sure they will be confused and feel insecure.

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December 19, 2018, 04:00:52 PM
 #28

I don't think this is neither illegal or even immoral. When the whole livelihood of your lives work depends on you doing wash trading so your volume look high that is still quite acceptable, add the fact that others do it too and you got yourself a no brainer.


Are you trolling? Good one if you are, otherwise you are not making any sense. Here's why: it's fraud. Wash Trading is fraud. Anyone who has a livelihood dependent upon such activity is a fraud too.

There's a third possible explanation: some libertarians question the whole concept of fraud, arguing that every trade interaction is based in deception (see Friedman comment in link).

Unless I missed the point, the argument was that if someone took advantage of another person's financial struggles to exert a bargain then that could be taken back because it's fraud. But that is completely separate to fraud. That is knowing of another's situation and using it to your advantage, it is not manipulating a situation so as to make it seem different so that another person is mistaken and you can profit from this.

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Douglasyukanov
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December 20, 2018, 01:39:10 AM
 #29

Your analysis of price manipulation in the market makes traders on the exchange understand how they pump and hold prices in the set period
and they laundered prices in exchange.
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December 20, 2018, 09:44:33 AM
 #30

If this is true, I think this is very terrible and a big disaster. I will not eat all the news brutally, this news should be checked for truth.
many people trade there, I'm sure they will be confused and feel insecure.

It's without a doubt true, the only thing which cannot be for absolute certain is the extent of the wash trading and who is behind it. If you know people who trade on these exchanges I would advise you that they stop, their offers will only ever be filled when the price is too high to buy or too low to sell.

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