Bitcoin Forum
September 26, 2018, 06:11:43 AM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: New report on wash trading scares me  (Read 270 times)
wuvdoll
Legendary
*
Offline Offline

Activity: 1190
Merit: 1010



View Profile
August 31, 2018, 05:43:59 AM
Merited by ricardobs (2)
 #21

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/

Everything in this world is being manipulated by some powerful people out there. So, the crypto market is not all different from it and it is more prone to manipulation since it is decentralized.
Agreed, we may want to hide away from it, or possibly just not decide to pay any attention to it, but the fact remains that one way or the other, the big cats are always around the corner, squashing the small rats. Manipulation is even more prone in a space where regulation is not even available, and everyone is pleased to do whatever they like without any repercussion at least for now.

Some of the things we get to see here are just some things we cannot see in regulated markets obviously. The volatility is still there anyway, but I guess it is still one of the things we will get to contend with for the mean time.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄             
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄       
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
▀▄            █        ▀▀      █   
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀               
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
1537942304
Hero Member
*
Offline Offline

Posts: 1537942304

View Profile Personal Message (Offline)

Ignore
1537942304
Reply with quote  #2

1537942304
Report to moderator
1537942304
Hero Member
*
Offline Offline

Posts: 1537942304

View Profile Personal Message (Offline)

Ignore
1537942304
Reply with quote  #2

1537942304
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537942304
Hero Member
*
Offline Offline

Posts: 1537942304

View Profile Personal Message (Offline)

Ignore
1537942304
Reply with quote  #2

1537942304
Report to moderator
1537942304
Hero Member
*
Offline Offline

Posts: 1537942304

View Profile Personal Message (Offline)

Ignore
1537942304
Reply with quote  #2

1537942304
Report to moderator
1537942304
Hero Member
*
Offline Offline

Posts: 1537942304

View Profile Personal Message (Offline)

Ignore
1537942304
Reply with quote  #2

1537942304
Report to moderator
valentine401
Full Member
***
Offline Offline

Activity: 378
Merit: 100


BITDEPOSITARY - Make ICO's , More Secure


View Profile
August 31, 2018, 07:07:17 AM
 #22

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/

What do you mean by "stable and mature"?
What are the factors that make a market stable and mature?There's no such thing as a stable market.The markets are always unstable,that's how traders make their profit.I'm pretty sure that a big percentage of the crypto trading is run by trading bots and there's nothing wrong with that.The are rumors about market manipulation and fake trading volumes since the creating of cryptocurrency exchange platforms.
I don't think that anyone can do anything to stop them from manipulating the crypto prices.

The price of cryptocurrency in the market will never become stable because there are a lot of people who are selling and investing depending on the situation so you should always expect drastic changes.

Ponti
Hero Member
*****
Offline Offline

Activity: 826
Merit: 501



View Profile
August 31, 2018, 07:40:13 AM
 #23

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/

Wow, thank you for such an interesting link! However don’t overreact so much, i think if we look at traditional stock markets we might see the same thing. May be in lower scale, but if you read financial news and follow the financial markets there are some manipulations that happen all the time. Financial markets including "baby" crypto might try to be transparent, but that will never happen to an absolute extent, as there will always be entities that will try to manipulate the market, following their own benefit.

               ▄██▄  ██ ▄▄
        ▄███▄███  █ ▄▄▄ ▀▀ ▀ ▄
      ▄ █████▀▀▀██▀ ███ ▄▀▀▀▄ █
     ▄▄ ▀███▀ ██▄▄ ▄▄▄ █  █  █ ▄██▄
   ▄ ▀▀  ▄▄▄  ▄▄▀▀ ███ ▀▄ ▀ ▄▀ ████
  ██ ██ █▀▀▀█ ▀▀         ▀▀▀  ▄▄▀▀▄▄
  ▄▄▄▄  █▄▄▄█             ██  ▀▀ ████
 █ ▄▄ █  ▀▀▀              ▀ ██ ██ ▀▀
 █ ▀▀ █ ██▀                 ▀▀
  ▀▀▀▀
███ ▄▄ ▄██▄
▀▀▀ ▀▀ ▀██▀                ▄███▄ ▄
 █▀▀█  ▄▄▄▄▄               █████  ▄▄
 █▄▄█ █▀ ▄ ▀█              ▀███▀ ████
  ▄▄▄ █  █  █ ▄▄  ▄  ▄ ▄██▄  ▄   ▀██▀
  ▀█▀ ▀█▄▄▄█▀███ ███ ▀ ▀██▀ ▀▄▀ █▄
    ▄▄ ▄▄ ▄▄ ▀▀ ▄▄▄▄▄   ▄▄  ███▄█▀
    ▀▀ ▀▀ ▀ ▄▄ █▀ ▄ ▀█ ████ ███▀
        ██ ███ █  █  █  ▀▀ █
            ▀▀ ▀█▄▄▄█▀  ▀▀
.
.CRYPTONITY.











The Crypto Community Exchange
▐▐ █ █ █ █ ██ ██  Public Sale 1  Starts: Nov 1, 2018
A comprehensive “Cryptosystem”
Security & Insurance
A Community centric trading platform
|
Whitepaper   .Telegram.   ANN Thread
.▬Twitter▬.     Discord     ..Facebook..
Reddit  ●●⚫   Medium   ⚫●●  LinkedIn
Osarman
Hero Member
*****
Offline Offline

Activity: 770
Merit: 502


View Profile
August 31, 2018, 07:51:25 AM
 #24

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/
It is no longer news that the market is manipulated in a lot of ways. This is a decentralized space and there is no regulation in place that would be able to put manipulators in check and the big guys are always going to be there to do their thing to make as much as possible.

Nevertheless, there is nothing much to worry about if there is manipulation or not, what is important is that once we start seeing real life usage of bitcoin being used in form of a currency and people start seeing the real value, a lot of things will change.
Ewinsane
Hero Member
*****
Offline Offline

Activity: 826
Merit: 503



View Profile
September 04, 2018, 10:40:14 AM
 #25

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/

Wow, thank you for such an interesting link! However don’t overreact so much, i think if we look at traditional stock markets we might see the same thing. May be in lower scale, but if you read financial news and follow the financial markets there are some manipulations that happen all the time. Financial markets including "baby" crypto might try to be transparent, but that will never happen to an absolute extent, as there will always be entities that will try to manipulate the market, following their own benefit.
You are not wrong! Sure, there are some few manipulations since there are the big whales in any market anyway, but we also have to understand that something’s that can be done in this market and some would go scot free is not something you will do in stock market and go free with it since it is a regulated market and you would not want to do something that would land you in jail as manipulation is a serious offense.

                                       
            ▄▄▄█████████▄▄▄           
         ▄████▀▀▀     ▀▀▀████▄         
      ▄███▀                 ▀███▄     
     ███▀                     ▀███     
   ▄██▀                         ▀██▄   
   ██▀                           ▐██   
  ███     ▄█████▄     ▄████▄▄     ███ 
  ██▌   ▐██     ██▄ ▄█▀    ▀██    ▐██ 
  ██    ██       █████      ▐█▌   ▐██ 
  ██    ▐██▄    ██▀ ▀█▄    ▄██    ▐██ 
  ██      ▀█████▀     ▀████▀▀     ▐██ 
  ██                              ▐██ 
  ██             █▄▄▄█            ▐██ 
  ██                              ▐██ 
  ██                              ▐██ 
  ██                              ▐██ 
  ██                              ▐██ 
  ██    ▄▄         ▄         ▄▄   ▐██ 
  ██▄▄██████▄▄▄▄███████▄▄▄▄██████▄▄██ 
  ▀██▀    ▀▀████▀     ▀████▀     ▀██▀ 
                                     API   
  C A S P E R..
   Platform for DApp developers for decentralized data storage around the world 
........  Telegram    Facebook    www.casperproject.io    Github    Twitter    ANN  .........
boyshx
Sr. Member
****
Offline Offline

Activity: 532
Merit: 251



View Profile
September 04, 2018, 11:56:09 AM
 #26

I see that there is hundred percent some sort of the manipulation going on all the time and this is not going to stop ever. The exchangers are always thought to be bug manipulator of the prices as they are themselves holding big chunks of coins and thus as the users go on buying and selling these coins they make perfect money by getting it from the purchase and selling fees given by the users. Now no one will believe on this fact but lets just see the maths. There are more than 10k users on any single exchanger and they makes more than thousands of dollars transaction every day and thus pour huge money on the exchangers wallets. Why would not they will manipulate the prices if they want to earn more from this.  Wink

Airbuxf
Jr. Member
*
Offline Offline

Activity: 70
Merit: 1


View Profile
September 04, 2018, 01:16:34 PM
 #27

I can agree that there are some manipulated volume statistics on certain exchanges for the marketing sake. Exchanges are not that much reliable and better not hold your coins on them.
bitcoinrays
Full Member
***
Online Online

Activity: 328
Merit: 103


View Profile
September 05, 2018, 08:08:30 AM
 #28

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 wouldn’t like to sound selfish, but the main important thing is if it’s beneficial to the majority. (both me and you). So whatever it is they are doing by manipulating the market, it’s left for us to be very much careful on how we deal with this. This is why some people are fighting for regulation, but trust me, if there should be regulations and government should take over, the it’s probably going to be worst.

strideynet
Sr. Member
****
Offline Offline

Activity: 370
Merit: 250



View Profile
September 05, 2018, 11:39:32 AM
 #29

big exchanges are not something to watch out for at the moment. since both sides are large buyers who may be trying to mislead

▄▄▄████████▄▄▄
▄▄██████████████████▄▄
▄████████████████████████▄
▄████████████████████████████▄
███████████████████████  █████
██
▓███████████████  █  ████████████▓
█████████  ██           ██  ███████
▄█████  ████████  ██████  ███████████▄
████████    ████  ██████  ██  ████████
████████████████  ███ ██  ███         
██████     ████     ████████████████
████████████████  ███ ██████   ██     
▀███████    ████  ███████████████████▀
█████  ████████  ████████████  █████
████████  ██      ████████████████
██████████████████████████  ████
▀████████████████████████████▀
▀██████████████████  ████▀
▀▀██████████████████▀▀
 ▀▀▀████████▀▀▀
FRELDO
Token sales
[ WP ]
ricardobs
Hero Member
*****
Offline Offline

Activity: 859
Merit: 502


View Profile
September 07, 2018, 08:03:45 AM
 #30

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/
This has been like this for years now, none of the exchanges you see right now neither the ones that has been running for years had the same amount of volume they advertised.

Volume is what makes an exchange big or small, what makes them known and heard from people and the higher your volume is the higher number of people hear your name and come looking for, since we can't really know which one is doing it how much I have stopped looking at volume for selecting my exchange.

I just go with the most known from what I hear on forums and chats and go with that. Now binance may not be the best website out there or even have highest volume, I wouldn't know if its true or not, however I know everyone knows them and they are very known so I use them.

Digital_Lord
Hero Member
*****
Offline Offline

Activity: 994
Merit: 500



View Profile
September 07, 2018, 11:48:35 AM
 #31

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/

What do you mean by "stable and mature"?
What are the factors that make a market stable and mature?There's no such thing as a stable market.The markets are always unstable,that's how traders make their profit.I'm pretty sure that a big percentage of the crypto trading is run by trading bots and there's nothing wrong with that.The are rumors about market manipulation and fake trading volumes since the creating of cryptocurrency exchange platforms.
I don't think that anyone can do anything to stop them from manipulating the crypto prices.

The price of cryptocurrency in the market will never become stable because there are a lot of people who are selling and investing depending on the situation so you should always expect drastic changes.
Apart from people investing, selling and all that you have said, it is not news that manipulation is bound in this market most especially for the fact that it is decentralized.
You think what we saw last year was a normal level of demand, no way! That was a manipulated pump and some news has been raised so far on wash trading, spoofing and some other forms of manipulation in the market which normally would not have been the case if the market is regulated.

r32godzilla
Hero Member
*****
Online Online

Activity: 821
Merit: 502



View Profile
September 07, 2018, 01:47:12 PM
 #32

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/
Yes some months before,it was complained that Bithumb a big Korean exchange did wash trading to manipulate the price of Bcash and it was the reason for such a high price of Bcash reached at that time challenging bitcoin.It is illegal but it's done by some exchanges.

        ▄▄███████████▄▄
     ▄██▀▀           ▀▀██▄
   ▄█▀   ▄▄█████████▄▄   ▀█▄
  █▀  ▄███████▌ █▌ █████▄  ▀█
 █▀  ██  ██         ▀█████  ▀█
▐█  ██▀▀█████   ▄▄▄   █████  █▌
█▌ ▐██▄▄████▌  ████   █████▌ ▐█
█  ███  ████        ▄███████  █
█▌ ▐█▀▀████▌   ▄▄▄  ▀██████▌ ▐█
▐█  █▄▄████   ████   ▐█████  █▌
 █▄  ████           ▄█████  ▄█
  █▄  ▀████  ███  ██████▀  ▄█
   ▀█▄   ▀▀█████████▀▀   ▄█▀
     ▀██▄▄           ▄▄██▀
        ▀▀███████████▀▀
bitcore.
...The Future Is Now...
▄▄▄▄▄▄▄▄    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄

        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
                 ▄▄██
 ▄██████████████████████▄
█▀         ▄▄██▀▀   ██  ▀█
█▄     ▄▄██▀▀        ██  █
█▀█████████████████████████▄
█                          ▀█
█                           █
█              ▄████▄       █
█             ██▀  ▀██      █
█            ▐█▌    ▐████████
█             ██▄  ▄██      █
█              ▀████▀       █
█                           █
█▄                         ▄█
 ▀█████████████████████████▀
.
iOs
Android

        ██
        ██████
        ██
██████
        ██
        ██████
        ██
██████
        ██
        ██████


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███               ███
▐██   ▐█▄   ▄███▄   ██▌
██▌    ███▄██████▀  ▐██
██▌    ▐████████    ▐██
▐██     ▐██████     ██▌
 ███   ▀█████▀     ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███       ▄███    ███
▐██       █████     ██▌
██▌       ███       ▐██
██▌     ███████     ▐██
▐██       ███       ██▌
 ███      ███      ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀


     ▄▄█████████▄▄
   ▄███▀▀     ▀▀███▄
  ███             ███
 ███         ▄▄█▌  ███
▐██      ▄▄█████    ██▌
██▌   ▄████████     ▐██
██▌  ▐████████      ▐██
▐██    ▀▀████       ██▌
 ███     ▀██       ███
  ███             ███
   ▀███▄▄     ▄▄███▀
     ▀▀█████████▀▀
Website
ANN
Block Explorer
lehuong
Newbie
*
Offline Offline

Activity: 168
Merit: 0


View Profile
September 07, 2018, 01:51:32 PM
 #33

The highest price in the day was $ 6,536, the lowest price was $ 6,409. A common explanation for the market crash yesterday was the result of Goldman Sachs's abandonment of the plan to offer technical trading counters number.
valentine401
Full Member
***
Offline Offline

Activity: 378
Merit: 100


BITDEPOSITARY - Make ICO's , More Secure


View Profile
September 07, 2018, 01:57:15 PM
 #34

The highest price in the day was $ 6,536, the lowest price was $ 6,409. A common explanation for the market crash yesterday was the result of Goldman Sachs's abandonment of the plan to offer technical trading counters number.


The market prices is based on supply and demand so obviously it was volatile, and we also needs this volatility in order to earn profit in the future, it was better to always read news regarding cryptocurrency growth to determine the future prices.

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!