Crypdon
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Activity: 616
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February 16, 2019, 10:15:19 PM |
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It's not just fake volume that south korean exchanges are suffering from, it is the continuous hack attacks from their northern neighbours. Better to stick with huobi and kucoin as alternatives to binance
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finaleshot2016
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Activity: 1722
Merit: 1007
Degen in the Space
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February 16, 2019, 10:41:54 PM |
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Well, this kind of issue was also happening in the EU/west not just only in south korea. Also, exchanges that popped out from nowhere was also doing this kind of method and there's a transaction/negotiation between a project and exchange platform. They might fooling us for many months waiting for the exchange but actually they're finding an exchange that will help them to fool the participants of the projects. Everytime the distribution and listing keeps extending, they're just being shady af. It's not just fake volume that south korean exchanges are suffering from, it is the continuous hack attacks from their northern neighbours. Better to stick with huobi and kucoin as alternatives to binance
I thought they have an agreement to each other? Why there's a continuous attack from north?
Kucoin is the best exchange from me, a trustworthy and truthful exchange site. Unlike with DEX that has no volume and unknown ex., they just work for money, not in the development of cryptoworld. I hate scams. |
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BUK2016
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February 16, 2019, 10:47:46 PM |
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Well that will a good development to the crypto currency community in south Korea and they should be prosecuted according to the law of the land. One need to be very careful of exchange that should put his or her money into so as not to fall into this type of exchange company.
Note:
Creeps your avatar need to be change to updated one by your campaign manager.
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Kez1817
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Activity: 909
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www.cd3d.app
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February 16, 2019, 11:17:25 PM |
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We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.
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mirakal
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Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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February 17, 2019, 01:54:58 AM |
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We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.
Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. |
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crwth
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Activity: 2744
Merit: 1250
Try Gunbot for a month go to -> https://gunbot.ph
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February 18, 2019, 03:43:03 AM |
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We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.
Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. This could also be the reason why some people don't really want to consider Bitcoin or any other cryptocurrency with value. Checking out the ETF stuff that surrounds Bitcoin and wanting it to be used as a traded fund would be mutually beneficial for cryptocurrency users and the people who want to get in it. Maybe things to consider on why it's not being approved is because they are scared of the future and what could happen. |
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nur rochid
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February 18, 2019, 06:34:08 AM |
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We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.
Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. This could also be the reason why some people don't really want to consider Bitcoin or any other cryptocurrency with value. Checking out the ETF stuff that surrounds Bitcoin and wanting it to be used as a traded fund would be mutually beneficial for cryptocurrency users and the people who want to get in it. Maybe things to consider on why it's not being approved is because they are scared of the future and what could happen. they seem to want to get money quickly without considering their reputation. therefore I think if it is not fixed it will make the image of Bitcoin dim and I think that with the increasing number of exchange projects now it is expected to become healthy competition |
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setialovers
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Activity: 812
Merit: 11
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February 18, 2019, 07:04:39 AM |
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We are not surprise if some greedy people always find a way to manipulate the market,the volume in trading,..etc,just for their own sake. South Korea has a good staff in government to manage this kind of bad doings of other people on their community. South Korea regulation help to determine bad people inside cryptocurrency.
Everyone can manipulate the market if they have the power, however these people are doing it when they own an exchange. It's very bias and they are abusing their power for their own advantage so they have to suffer the consequences of their illegal action, which could be a criminal one. This could also be the reason why some people don't really want to consider Bitcoin or any other cryptocurrency with value. Checking out the ETF stuff that surrounds Bitcoin and wanting it to be used as a traded fund would be mutually beneficial for cryptocurrency users and the people who want to get in it. Maybe things to consider on why it's not being approved is because they are scared of the future and what could happen. As long cryptocurrency and the market still not regulated by government, Whales can control the price or supply in market. The problem between coin/token price is different among exchanger and thats give a chance for whales to drive the price |
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Renaldi blackspadeteam
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March 05, 2019, 09:09:23 AM |
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I agree, they deserve this punishment, South Korean regulations should be an example for other countries, hoping that the manipulations will be afraid and discourage them,
for now I only know the crypto exchange with high volume is "binance" whether there are still other exchanges that have large and real volumes.
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millgates
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March 05, 2019, 09:56:36 AM |
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I agree, they deserve this punishment, South Korean regulations should be an example for other countries, hoping that the manipulations will be afraid and discourage them,
for now I only know the crypto exchange with high volume is "binance" whether there are still other exchanges that have large and real volumes.
We should keep thrust to most of exchange site, although manipulation can be happen. Even I heard that more than half of all trade now executed just by a hand full of high frequency traders who use rapid fire computers to essentially force slower investors to give up profits. By the way in this case South Korea has proved that korea has strong and professional law enforcement. Creating a high volume of trades allows the coin candle stick to look stable while demonstrating activity to investors but honestly it can help new coin. |
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Shenzou
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March 05, 2019, 11:05:33 AM |
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South Korea was in a hot seat last year because of many issues about cryptocurrency, and this year another news that can affect the market on South Korea. This is not the first time we heard about the Executives who manipulates the trading volume in South Korea, and it looks like they keep on doing this over again. Recently, another two top executive are being sentenced to jail because of manipulation on the trading volume. https://www.ccn.com/korean-crypto-exchange-executives-fake-trading-volumes-earn-prison-sentences/I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange? Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that. The manipulation and the faking of the trades is something that is not just happening in south Korea, but in other exchanges based around the world, and this is something that is expected to be happening as the current market is flooded with exchange sites, and the cryptocurrency is a market where there is a lot of competition as it is still fairly new, i am sure in there is a lot of things happening under the table in order to make it seem that the site is popular, and i ma glad that something is starting to happen about it and i hope that there would be more investigation and regulation in the market. |
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cizatext
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Activity: 952
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March 05, 2019, 01:08:39 PM |
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The sanctions of the the executives of those exchange where made possible due to centralized method of operation and what will now happened to the executives of exchange who are not centralized but decentralized, well kodos to the government that show there is now high level of regulations in the crypto exchange. Because many of them manipulate the trading volume at they wish.
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meanwords
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March 05, 2019, 02:05:23 PM |
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That's one way to stop those manipulators. Maybe other medium to big exchanges do that too. That's why I use decentralized exchanges now for trading and transacting. I seldom use centralized exchanges anymore because of these issues and more, like security. Be careful guys.
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Mometaskers
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March 05, 2019, 09:47:54 PM |
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This is why I don't trade much now. Always the risk of things like this happening. Not to mention hacking incidents.
But kudos to the South Korean government indeed. It could have went on for longer. Funny considering usually we want government to keep out.
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PlusOne88
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“Tackling Climate Change Using Blockchain”
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March 06, 2019, 11:44:07 AM |
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I think if they are jailed then we can safely say that the government is really doing their best and that cryptocurrency was not just a thing that everybody or anybody may use to scam people. Doubts may be there but do not be afraid since these concerned people are as well working hard to keep users safe from using the cryptocurrency.
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Lalafell
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March 08, 2019, 02:42:38 PM |
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I have seen a lot of exchange project in bounty thread and some are Korean team and developer. In addition, South Korea are one of the country who support and allow cryptocurrency. And I think making exchange that have fake volume or bot traders will be result to a negative impact in South Korea cryptocurrency community.
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Kemarit
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Activity: 3066
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March 08, 2019, 03:13:17 PM |
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Ok here's the thing, wash trading has been practice many years ago and up to this day, I believed that there a even more wash trading because of the worsening market conditions. If everyone is really wanted to see a comprehensive report as to who's who in this fraudulent business, here it the link: ( https://www.blockchaintransparency.org/december-2018-rankings), and the latest reports. Although this is a a good thing specially coming from South Korea, because we all know that they're in the top 5 of most active crypto traders around the world so it makes sense for them to really tighten the grip on their local exchanges. So that it won't give a negative connotations that their government is absolutely allowing this kind of frauds. |
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upsidedown75
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March 09, 2019, 04:54:33 PM |
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I’m wondering if the top exchanges are doing this also considering the volume of the users. Did you feel any doubt right now? Or you’re confident that you are in the right exchange?
Well, this is cryptoworld anything is possible so be safe and protect your coins. Anyway, Kudos to the government of South Korea who keeps on making a good regulations, a greedy people like these deserves that.
It is very common with most exchanges faking their trading volume thereby leading new investors into believing their deceitful ways. It’s not only in south Korea but am happy that south Korea government have put regulations in place to correct this and I hope other others can follow suit because there is a lot of competition in cryptocurrency market, so many would have to do a lot to make their site look like aside been long in existence, it’s also popular but what they do not know is it is not legal and not in any way right to escalate numbers just to deceive investors. |
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Bitcoin-Turkiye
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March 09, 2019, 10:31:44 PM |
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The South Korean state has done the right thing. the prison sentence is a punishment they deserve. For the big players who are controlling the market, it would be good if they had such prison sentences..
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Turkey Asic miner Best Seller Telegram @Miningci
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Altero
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March 10, 2019, 01:36:10 AM |
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It feels to me disappointed of their exchanges, mostly all of them are written into their languages which is we can understand. I've visited some if their exchanges and tried to registered with one of them and so I can sell my tokens but somehow it turns me off since I can't proceed cause I really don't understand the words appears even we choose English language.
I'll doubt if they could attract more investors. Hope they'll improve it.
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