Exchange market data manipulation bringing the whole crypto market down?

[Gozie51]

Down from the hype to the ICO projects that has launched their project through ethereum, we will know that they can’t fake volume like other smaller projects and exchanges.

I think this issue with some fud around etheruem could be linked with the icos that were on etheruem platform. This unsuccessful project and scam icos made people to lose so much money and they capitalized on the platform to spread fud.

[maydna]

The market is certainly manipulated by big players, and this is part of the game.
I doubt, however, that there is a player so big that he can manipulate all exchange data.
Be serious!

Whales can only manipulate the price of a certain coin or the whole market but datas and volumes are being manipulated by the owner of the exchange . They say that cmc is also manipulating their data's but some says that cmc is only synchronizing its data on other exchanges so cmc is not the real suspect here  .

 Not all believes on the datas that they see online so this does not affect the price of cryptos too much  but the price manipulation of whales do have a major impact on the coin or on the market  .

I agree, whales are more focused on making pump or dump, that is by spreading the good or bad news. with the big funds they have, they can lure bitcoiners to follow in their footsteps, so that massive activities occur

I don't think all whales will do the same because I am sure that some whales still doing a good thing related to the market. But yes, the whales can do whatever they want because they have a large of funds so they can move the market to one price that they want.

But I don't think that exchange market data manipulation will bring the whole market is going to down because if we take a look at the market, especially big exchanges, they are serving the data that is happening in their site. I think they give real data to traders so traders can see what is going on in the exchanges. Traders will only use the data from the source they know.

[befriendmywater]

Hi guys,
I was investigating the recent market plunge and this is my two cents as to why the crypto market is experiencing this situation.
Some people were tying this to the fake news about Goldman Sachs crypto desk plans change, but I think this is due to an exchange faking data.
The news that BitForex is faking data came around auguest 26th. Now this is what can really be happening on the market.
An exchange lists fake data about the price dropping rapidly, then it buys the real crypto at the discount price (knowing that the price is "fake") on other exchanges.
After this, the same exchange spams fake data the other way around and sells the currency at the real or overvalued price = profit!
Today Coinmarketcap states that BitForex ethereum volume is  $1,090,589,986, which is 40% of the whole market.
I do not see a real economic situation in which this can be true.
The question is when will such hoax schemes of market manipulation stop?
Really, coinmarketcap was such a trusted source of market data and now this is just a very sad situation. What do you think? What are your speculations about the recent price changes?

I think that manipulation will not stop. The legal authorities in countries cannot control the crypto market. because transactions are not intermediary and people who transfer money and receive money are anonymous.
therefore, it is impossible to investigate and arrest manipulators. Besides, the black market is also more active on telegraph channels.
Our market is just to manipulate and you should see this as its characteristics.

[armarsterling7]

Hi guys,
I was investigating the recent market plunge and this is my two cents as to why the crypto market is experiencing this situation.
Some people were tying this to the fake news about Goldman Sachs crypto desk plans change, but I think this is due to an exchange faking data.
The news that BitForex is faking data came around auguest 26th. Now this is what can really be happening on the market.
An exchange lists fake data about the price dropping rapidly, then it buys the real crypto at the discount price (knowing that the price is "fake") on other exchanges.
After this, the same exchange spams fake data the other way around and sells the currency at the real or overvalued price = profit!
Today Coinmarketcap states that BitForex ethereum volume is  $1,090,589,986, which is 40% of the whole market.
I do not see a real economic situation in which this can be true.
The question is when will such hoax schemes of market manipulation stop?
Really, coinmarketcap was such a trusted source of market data and now this is just a very sad situation. What do you think? What are your speculations about the recent price changes?

    

The crypto market is born for organizations to manipulate money. We call them whales and certainly the price of altcoins is unpredictable in the future. Because people with money will often control the market and we cannot do anything else.
And one more thing is that the SEC also cannot control our crypto market and manipulation will never stop.

[yusupjatigumilar]

Of course, the manipulation of market data will reduce investor confidence and trigger them to sell or withdraw all the assets they have, automatically it will make the market quiet and of course it greatly affects the supply and demand balance in a market, when the balance sheet it is no longer balanced between demand and inventory while demand decreases and inventories remain or even increase then it will make prices fall. So manipulation makes trust decrease and it is directly proportional to price.

[guoyu78]

Everyone is aware that large number of exchanges are still faking trading volumes. Be wary of which trading platform you use. It's easy to fall victim to these manipulations if you don't know what to look for.

That is not true, most of the top ten exchanges that has been recorded to have a real statistics on coins registered under them have the real data on cryptocurrency market.
The ones that do have manipulated data are mostly upcoming exchanges that requires volume to get the attention of people which they basically just use as a marketing strategy which I am not saying its good, but exchanges that already have big volume will not fake data again. 

Let’s take a look at Binance and bitfinex, why would they fake volume again when they already have volume that will keep them in operation for the rest of the decade.

[rijaljun]

After read few replies on this thread, I have a simple question. I'm sure there are a lot of exchanges are faking their trading volumes, can we just simply call them scammer? or this is normal things in trading world...

[beerlover]

The crypto market is born for organizations to manipulate money. We call them whales and certainly the price of altcoins is unpredictable in the future. Because people with money will often control the market and we cannot do anything else.
And one more thing is that the SEC also cannot control our crypto market and manipulation will never stop.

Cryptocurrency technology was never created specially for the whales to manipulate the market, they simply just saw one of the lapses of the system and decided to take advantage of it. Satoshi created it for peer to peer transactions, so that everyone can have full control over their financial transaction without any blockage to it.

People investing large sum of money is natural in every market, both stock and forex market, you need to research to see how much people are moving through these markets too, but because they are both regulated, it become quite difficult for it to be manipulated like crypto, therefore the call for regulation is very necessary.

[JeffBrad12]

After read few replies on this thread, I have a simple question. I'm sure there are a lot of exchanges are faking their trading volumes, can we just simply call them scammer? or this is normal things in trading world...

It's the usual thing and if you wanna see another worst case like the manipulation that happened with the gold market. Even there was a lot of news that the bankers admit if that was true. Manipulation in the stock market will always happen.
It's impossible to create a market without any manipulation especially on the centralized exchange site.

[cryptoknightt]

After read few replies on this thread, I have a simple question. I'm sure there are a lot of exchanges are faking their trading volumes, can we just simply call them scammer? or this is normal things in trading world...

some may not be like scammers, usually this is only used as their strategy to attract interested people but there is nothing wrong if you remain vigilant when trading.

[SaShiRaJaVu]

I think this issue with some fud around etheruem could be linked with the icos that were on etheruem platform. This unsuccessful project and scam icos made people to lose so much money and they capitalized on the platform to spread fud.

There were many scam projects that had fake valuation and volumes, but the real issue is the exchanges showing fake volumes and now we all know that coinmarket cap always show fake volumes and there is no way we can know the real volume, you cannot trust the fake volumes shown in CMC and enter an exchange thinking that we will have more liquidity, these fake volumes might not bring the market down, but will make investors think twice before deciding which exchange to trade.

[Netnox]

After read few replies on this thread, I have a simple question. I'm sure there are a lot of exchanges are faking their trading volumes, can we just simply call them scammer? or this is normal things in trading world...

Yes. We can call them scammers.

And no. This is not normal in the trading world. I have been involved in equity and mutual funds trading for the last 10-12 years. They never fake the trading volumes. In case someone does that and get caught, then it is very likely that he goes to jail. Faking the data can't be justified, no matter for whatever purpose they are doing that.

[LUCKMCFLY]

Well either, what exists in them, I do not think there is manipulation, if we take into account that the volumes that we observe in each Exchange is not the real volume, because the consolidated volume tool does not exist. Due to this we have to take into account that each Exchange handles its own volume, manipulation can not exist because in CMC they do not have the volume of all the Exchanges of the world, this means that whenever the market is reviewed in any Exchange we will have the information of the exclusive Exchange in analysis.

The manipulation can only result in the movements that the Investors and the Speculators give, which are not manipulations, they are normal movements of the market, the most they can do to manipulate is through news.

In this case, there are many tools on the web that there are people who have dedicated themselves to frame the consolidated volume and this has not yet been fully developed, since the data is insufficient and the work it leads is very large, in fact They must do many schedules to collect each volume data of each Exchange.

[nur rochid]

After read few replies on this thread, I have a simple question. I'm sure there are a lot of exchanges are faking their trading volumes, can we just simply call them scammer? or this is normal things in trading world...

Yes. We can call them scammers.

And no. This is not normal in the trading world. I have been involved in equity and mutual funds trading for the last 10-12 years. They never fake the trading volumes. In case someone does that and get caught, then it is very likely that he goes to jail. Faking the data can't be justified, no matter for whatever purpose they are doing that.

it is more comfortable if there is clear legality, so that no person acts unprofessionally. I think the decline in prices is reasonable, when we are betrayed, it is certainly better to withdraw funds, so that prices are down

[wuvdoll]

I think manipulation can work both ways, after all we all love it when bitcoin prices go up and hate it when it goes down. It is easy to blame the manipulations when the price goes down however it exists during going up as well. People do tend to manipulate it while it goes up too. That is why we have to accept the existence of manipulation during the both sides of the price movements.

Right now, there are more people buying bitcoin longs then shorts which means even the manipulators think that bitcoin price will go up, maybe we ran out of ammo for now and not going up too much but we have done over 100% in increase so it was expected to stall a bit at some point, not like we can go to a million dollars in a day, so we are regrouping and reloading and we will move further when we are ready.

[avarnet]

attacked by data manipulation is consumer trust. with the knowledge that the data is manipulated, consumers are worried, and trust in the exchange decreases. until in the end they transferred their assets to other more trusted exchanges. but I suggest not to save assets on exchange because it is more dangerous

Currently most Exchange plays Volume. this is not an open secret. when it is indeed the attraction of a trader, many see the volume of exchange in the hope that a large movement can give them an advantage. but the fact that there is an exchange itself mostly falsifies their real volume.

[FanEagle]

It is also a must. I mean I can understand why people are mad that manipulation is a thing and they want the market to be pure but without manipulation we wouldn't have come thus far. It was the people who manipulated the market that made bitcoin so famous and so volatile, it did went up a lot and went down a lot all because of manipulations and without them it would have been very slow and very stable which wouldn't create these stories and narrative of bitcoin making people super rich.

Without manipulators we are bound to live with a currency that is basically not moving that much and constantly on the same price, it would have some ups and downs but not as much and it would be quite similar to ups and downs of the stock market, it would still be good but not "life changing" amount of good.

[Whosdaddy]

After read few replies on this thread, I have a simple question. I'm sure there are a lot of exchanges are faking their trading volumes, can we just simply call them scammer? or this is normal things in trading world...

It depends mate, I would not blame some exchanges for doing so, there is something so common with all of us when new exchanges comes out, we don’t encourage them, we only advise people to go for already established exchanges and exchanges with large volume.

If there is no one to patronize them, then how would they get the volume we desire of an exchange, the best would be for them to use this marketing strategy to attract some users gradually till they get the desired volume which I believe that they don’t continue to manipulate the figure once they get whatever volume that will keep their platform active.

[lyappa8]

attacked by data manipulation is consumer trust. with the knowledge that the data is manipulated, consumers are worried, and trust in the exchange decreases. until in the end they transferred their assets to other more trusted exchanges. but I suggest not to save assets on exchange because it is more dangerous

Currently most Exchange plays Volume. this is not an open secret. when it is indeed the attraction of a trader, many see the volume of exchange in the hope that a large movement can give them an advantage. but the fact that there is an exchange itself mostly falsifies their real volume.

The thing is, it's impossible to check if any exchange posts real volume or fake one. At least now with centralized ones around 

[Yutikas_11920]

attacked by data manipulation is consumer trust. with the knowledge that the data is manipulated, consumers are worried, and trust in the exchange decreases. until in the end they transferred their assets to other more trusted exchanges. but I suggest not to save assets on exchange because it is more dangerous

Currently most Exchange plays Volume. this is not an open secret. when it is indeed the attraction of a trader, many see the volume of exchange in the hope that a large movement can give them an advantage. but the fact that there is an exchange itself mostly falsifies their real volume.

usually only a market that has a small reputation will manipulate trading volume and you can better avoid such a place of exchange because the risk of trading in such an exchange is very high.