p1n1geliai (OP)
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March 17, 2019, 12:48:45 PM |
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The volume has been unusually high for the past few weeks. Do you think wash trading with USDT is taking place? Any other thoughts of what's happening?
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boyptc
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March 18, 2019, 12:39:56 PM |
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I rely mostly with the news articles that comes up with their analysis about wash trading. As per checking, I haven't seen that there's a coverage for it. Any other thoughts of what's happening?
Bear's still taking place.
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jvdp
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March 18, 2019, 01:39:34 PM |
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The volume has been unusually high for the past few weeks. Do you think wash trading with USDT is taking place? Any other thoughts of what's happening?
Yup it is happening in the market. Even circulation also increased a bit in the exchange I use everytime. Always looking to have the demand and price bullrun in the market. If this market volume bring such growth means I will be really happy about the future growth.
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Jating
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March 18, 2019, 05:13:51 PM |
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The volume has been unusually high for the past few weeks. Do you think wash trading with USDT is taking place? Any other thoughts of what's happening?
Hard to say, but we all know that wash trading has been practice but a lot of exchanges, so I wouldn't be surprised if that is one factor for this unusual high volume trading. Others have said that this is an indication that the bull are taking over, but so far the price is still pegged at $4k per BTC. So definitely, we are not yet out for the control of the bears as of this very moment.
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HODL2090
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March 18, 2019, 08:46:01 PM |
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Would have been helpful to include links on your post as that will help us analyse better. Some exchanges use fake volumes to attract more investors to their site, but there are also those with legitimate figures. The problem is sites like CMC aggregate the entire figures to create the owns, and it can sometimes be misleading.
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Hamphser
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March 18, 2019, 08:54:18 PM |
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Would have been helpful to include links on your post as that will help us analyse better. Some exchanges use fake volumes to attract more investors to their site, but there are also those with legitimate figures. The problem is sites like CMC aggregate the entire figures to create the owns, and it can sometimes be misleading.
Links isnt necessary yet the thing he do said is only based up with his own observation.Market volume did really rise up and we do see some circulation but this isnt mean that its already washing up.Theres no enough indication that this bearish market is coming to an end.
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btc_angela
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March 19, 2019, 06:00:14 AM |
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Would have been helpful to include links on your post as that will help us analyse better. Some exchanges use fake volumes to attract more investors to their site, but there are also those with legitimate figures. The problem is sites like CMC aggregate the entire figures to create the owns, and it can sometimes be misleading.
Links isnt necessary yet the thing he do said is only based up with his own observation.Market volume did really rise up and we do see some circulation but this isnt mean that its already washing up.Theres no enough indication that this bearish market is coming to an end. Correct, there some spike in volume recently, including bitcoin. But at this point, the price seems to be stagnant, so probably trading could be a good gauge as well. There are some OTC transactions as well, they are not recorded so we will never really know the exact volumes. So yes, even though we wanted to see the bearish trend come to an end because volumes are picking, it is still not the case at this point.
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glowing10
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March 19, 2019, 06:08:45 AM |
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The volume has been unusually high for the past few weeks. Do you think wash trading with USDT is taking place? Any other thoughts of what's happening?
Yup it is happening in the market. Even circulation also increased a bit in the exchange I use everytime. Always looking to have the demand and price bullrun in the market. If this market volume bring such growth means I will be really happy about the future growth. If this continues to happen it will be a good sign that buying is on rising trend and will lead to higher demand of the coins and eventually the price will continue to rise. This is the best case for people to buy now when the price is on lower end and make money during the rise.
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mindrust
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March 19, 2019, 06:22:31 AM Last edit: March 27, 2019, 08:15:34 AM by mindrust |
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It is mostly wash trading/fake volume now. Check this out: There isn't a single well-known exchange among the top 25 exchanges with the biggest USD/BTC trading volume. The first legit exchange is Binance and they are on the 32nd spot. The biggest one is Coinbene and I am yet to hear/see a person who's using it and CMC is still listing those fake exchanges. CMC is corrupt. Don't take your data from CoinMarketCap. They are SCAM.
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Kemarit
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March 19, 2019, 02:43:58 PM |
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It is mostly wash trading/fake volume now.
Check this out: ~ snip ~
There isn't a single well-known exchange among the top 25 exchanges with the biggest USD/BTC trading volume. The first legit exchange is Binance and they are on the 32nd spot.
The biggest one is Coinbene and I am yet to hear/see a person who's using it and CMC is still listing those fake exchanges.
CMC is corrupt. Don't take your data from CoinMarketCap. They are SCAM.
Exactly. I just replied to another thread about this whole market or volume trading indication. It's very misleading and I'm sure one reason is those exchanges are doing wash trading. You just have to read this report to really see who's who in faking their trading volume. And funny thing you mentioned Coinbene as they're on the top spot. ( https://www.blockchaintransparency.org/)
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Altero
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March 19, 2019, 05:22:51 PM |
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It is just a technical error or they have that intention to fake volume to make more attractive into the trader's eyes? If you are new in crypto trading, it absolutely be fooled with this and even invest into that certain coin. How come the owner's of that exchanges never notice that earlier? It maybe they have a plan for this and tried to look for victims. It is an awareness for everyone, better to be vigilant and never give a strike without reviewing feedbacks.
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mindrust
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March 19, 2019, 06:38:18 PM |
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It is just a technical error or they have that intention to fake volume to make more attractive into the trader's eyes? If you are new in crypto trading, it absolutely be fooled with this and even invest into that certain coin. How come the owner's of that exchanges never notice that earlier? It maybe they have a plan for this and tried to look for victims. It is an awareness for everyone, better to be vigilant and never give a strike without reviewing feedbacks.
The latter. They are trying to fool the noobs. Google this: " coinbene scam" or " coinbene fake volume" There are many topics about this issue. It is not just coinbene btw but almost every Chinese exchange out there. The link Kemarit has posted is very helpful. You should see it. The real daily trading volume of BTC should be no more than a billion dollars. (and a couple of hundred millions for ETH, maybe even less) Coin Market Cap is as guilty as those exchanges for listing them. https://www.reddit.com/r/CryptoCurrency/comments/8tt29q/binance_exchange_drops_to_third_place_coinbene/Seriously... The fuck is Coinbene?
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rizkyhiw
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March 19, 2019, 08:07:58 PM |
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The volume has been unusually high for the past few weeks. Do you think wash trading with USDT is taking place? Any other thoughts of what's happening?
Yup it is happening in the market. Even circulation also increased a bit in the exchange I use everytime. Always looking to have the demand and price bullrun in the market. If this market volume bring such growth means I will be really happy about the future growth. If this continues to happen it will be a good sign that buying is on rising trend and will lead to higher demand of the coins and eventually the price will continue to rise. This is the best case for people to buy now when the price is on lower end and make money during the rise. I don't see the market conditions as easy as that because we haven't been able to get up completely because there are still extensive corrections, it's very difficult to convince people now because they are still traumatized with a very long decline, maybe need some very great stories out there to attract broad, we will still hold on to this price for a while to come out in a bearish position, it requires a lot of encouragement from various parties, everything can happen between manipulation or whatever, but I don't care about this situation because the future is still long to grow again like last year's heyday.
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goaldigger
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March 19, 2019, 10:32:15 PM |
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Any other thoughts of what's happening?
Bear's still taking place. Four words but sums up all. The bears are active again as we notice that price of bitcoin is also rising now. If you want to acquire resources, you should buy now . I guess its not like those days were it increases temporarily. Its about month now that bitcoin recovers from a $4K mark. It has already begun.
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Bonsaiav
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March 20, 2019, 05:41:33 AM |
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Although there may be some corrections along the way later which is caused by the presence of a number of unfavorable sentiments that are likely to threaten and can make bitcoin weaken again, however crypto marketers are predicted to return to increasing market volume and demand for bitcoin, along with the presence some problems that occur in the stock market.
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coinlocket$
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March 20, 2019, 08:53:32 AM |
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Indeed but it's very hard to tell why it was so high, for example, can be bots trading 24/24 as someone pointed out fake volume generated by exchanges.
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BitBustah
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March 20, 2019, 02:03:59 PM |
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Exchanges have been faking volume, this is a known fact. Even coinmarketcap isn't right so no one can really get an accurate reading on the real volume. This is why you should never trust shitcoins that appear to be liquid when in reality they have no true volume to support sell orders.
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gantez
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March 20, 2019, 02:14:44 PM |
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This is why you should never trust shitcoins that appear to be liquid when in reality they have no true volume to support sell orders.
And it is highly possible that shitcoins could have an arrangement with these crap exchanges they are released into to pump figures for them which obviously would reflect in their overall performance in cmc . This leads holders and investors astray.
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Kemarit
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March 20, 2019, 02:51:35 PM |
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Exchanges have been faking volume, this is a known fact. Even coinmarketcap isn't right so no one can really get an accurate reading on the real volume. This is why you should never trust shitcoins that appear to be liquid when in reality they have no true volume to support sell orders.
Right, even cmc is not to be trusted with their data, IMHO. It has been proven as well that they just listed some shitcoins and then the numbers are going to be different. Coinbene is really f***ing everyone with there volumes, LOL. If you have been in this market for so long by now, it's pretty obvious that it's all fake. But it's just sad to see a complete noob entering and have been swayed by this "magically numbers", and think that everything is real as it's get. It's going to be a expensive lessons for them to learn.
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mrdeposit
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March 20, 2019, 04:46:36 PM |
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The volume has been unusually high for the past few weeks. Do you think wash trading with USDT is taking place? Any other thoughts of what's happening?
After the announcements about fully USD backed Tether coin things quickened a bit than normal trading days. Also, we can count Binance Launchpad that leads to 35000 crypto influencers to take part in Celer ICO but only 3300 investors are successful in this token sale.
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