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Author Topic: How can we stop centralized exchanges from manipulating the price of tokens  (Read 443 times)
EdvinZ
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October 13, 2019, 12:10:24 PM
 #41

While everyone keeps have individual opinions and speculations on the next prices of cryptos, especially on the next altcoin season, I'll say we are moving nowhere because of price manipulation by exchanges. The actions of some exchanges is dropping the prices of tokens unnaturally and these affects market and industry confidence. How can we attract new money into the market when top wash trading exchanges like Bitforex and Bibox still exists and deceives people freely?

I don't need to add links to prove, but just google these exchanges and add the wash trading to your search term, you'll be marvelled at the results you'll find. 
You will not be able to influence the manipulation of the prices of crypto-currencies on some exchanges. The only thing you can do is stop trading on them and find sites with fairer trading. If exchanges manipulating cryptocurrency prices will have an outflow of traders for this reason, perhaps they will correct this situation for the better. In the meantime, we have what we have.

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October 13, 2019, 12:18:43 PM
 #42

We can have decentralized exchanges and let the community handle the issues with markets. I have seen that some centralized exchanges not only manipulate the prices but also sell tokens-coins that they don't even have in their wallets. When you try to withdraw, they can't send it. We need to inform each other about these false things and manipulations, this is how we deal with these exchanges.

Right. Communities can't even handle simple issues like getting deposit addresses correct, or using the right wallet and keeping their own fees, or even calculating the right fees to pay.

And we expect them to handle the issues with markets? I love DEX too but until people can't even learn to hold their own crypto, they're probably all going to want to use CEX.

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October 13, 2019, 12:52:07 PM
 #43

We can have decentralized exchanges and let the community handle the issues with markets. I have seen that some centralized exchanges not only manipulate the prices but also sell tokens-coins that they don't even have in their wallets. When you try to withdraw, they can't send it. We need to inform each other about these false things and manipulations, this is how we deal with these exchanges.

Right. Communities can't even handle simple issues like getting deposit addresses correct, or using the right wallet and keeping their own fees, or even calculating the right fees to pay.

And we expect them to handle the issues with markets? I love DEX too but until people can't even learn to hold their own crypto, they're probably all going to want to use CEX.
This is why DEX doesnt really have that volume or liquidity because people do keep or do prefer on using CEX.They dont bother out about such manipulation
and other related things as long it can meet their users needs.To know that only Cex do deal out with FIAT/Crypto pairs and even on deposits or withdrawals which DEX wont able to do
thats why these platforms do things as much as they like even its already been too obvious but people do still continue to deal with it.

R


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October 13, 2019, 02:29:04 PM
 #44

I don't think anyone can stop that except the place of exchange itself that is able to stop the price manipulation that occurs at the exchange place, but usually the market uses that strategy to be able to attract users and other investors to trade on their platforms.

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October 13, 2019, 05:50:36 PM
 #45

While everyone keeps have individual opinions and speculations on the next prices of cryptos, especially on the next altcoin season, I'll say we are moving nowhere because of price manipulation by exchanges. The actions of some exchanges is dropping the prices of tokens unnaturally and these affects market and industry confidence. How can we attract new money into the market when top wash trading exchanges like Bitforex and Bibox still exists and deceives people freely?

I don't need to add links to prove, but just google these exchanges and add the wash trading to your search term, you'll be marvelled at the results you'll find. 

hmm i dont think we CAN stop it man
all we can do is be smart, and dont allow ourselves to get sucked into things like FOMO and IEO hype.
Back in the day places like Bittrex used to show top balances in coin amounts, so it helped users see if a coin had some whales manipulating people
but all exchanges have removed that distribution info now Sad

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