Nawrod (OP)
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July 12, 2019, 01:40:09 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape.
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MinerHQ
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July 12, 2019, 01:54:12 PM |
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This industry is not monitored by any government or institutions so big exchanges or players can manipulate the market or volume for a short time but I don't think they can do it for a longer period of time.
I don't know how bad it is but I have made a good profit from this crypto market and I'm happy for it.
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bitbunnny
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July 12, 2019, 01:59:11 PM |
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Frauds and fake news are all around us, in every industry so cryptocurrencies world is affected too. And in the flood of exchanges is very much clear that not all of them are running honest and trustworthy business. Still before making any conclusions how bad or good situation on that field is I would like to see some concrete figures. Everyone can claim whatever he wants but without solid data this is just a roomer.
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pakhitheboss
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July 12, 2019, 02:28:47 PM |
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It has been manipulated from the beginning. Those who have money or those who hold a lot of Bitcoin have been influencing the market for a long time. I am not sure about those who have money, but I know that some of the powerful exchanges have a lot of Bitcoin and they have been manipulating the market for quite some time.
That is why we require regulation but, regulation will make it more controllable by the government and big financial institutions. Which they have been trying for a long time now.
The only option left is to increase the market cap. If the market cap is higher than it will not be easy to manipulate. That is why everybody here is trying to increase the adoption of Bitcoin in their own level.
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Bitcoinqubit
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July 12, 2019, 02:38:16 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. nothing new about this, fake volume was from the beginning, and not only in the industry of crypto... people just know to recheck volume very simple. yes their are manipulation but most of the time what affect market movements is selling and buying rate, the selling rate soon will fall hard because there is coming few startup which help us to buy almost everything in crypto and people will not convert their crypto to paper money to buy things, compare to gold/diamonds which always the selling rate will grow because supply is big and you cannot buy with it, its more store of value for the rich people which dont trust the paper money value.
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sulis sudibyo
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July 12, 2019, 02:42:57 PM |
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I'm not sure how bad the crypto market manipulation is. but when viewed from the many problems such as fake volume on the market, price manipulation and scam projects. this is very disturbing, and can make the market look bad.
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Daniel91
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July 12, 2019, 02:51:09 PM |
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In any market we have manipulation, stock market, Forex etc. Even large banks were caught in fraud on the stock market. Crypto market is not regulated, have no control from the government so situation is even worse. For example, we've seen a lot of big jumps in the price of bitcoins and I'm sure that market manipulation is behind. It's nothing we can do it about it.
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bkbirge
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July 12, 2019, 02:57:51 PM |
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You think it's bad now, wait until the financial industry bigshots start mucking around in this space seriously. Seriously, just look at all the 3rd world fraudsters on this site trying to separate you from your money and imagine that mentality wrapped in an Armani suit with 1e6 times the leverage. Of course the markets are manipulated. But the market is big, and with adoption it will get larger and tougher to manipulate.
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Johnzky
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July 12, 2019, 03:13:35 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. Bad because this is fooling people here in crypto,this has been the issue I have seen for my years here,from whales manipulating the market price of some coins and some exchangers faking the trading volume.but what can we do about this?we re only small investors that cannot protect even our own currencies.but of We will be vigilant and active and also work together!?Maybe we can have chances of saving the crypto from this damn humans manipulating our market
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zenhu
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July 12, 2019, 03:40:20 PM |
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Yeah it possible to manipulate the price and volume in crypto market, exchanger or whales can manipulate it to get profit from the people who don't know about the trading technical or fundamental. Its very bad if we get manipulated, can't avoid our losses and can't get recover from that price manipulating. Be smart for small investor when you enter the market, i advice to using top exchange to minimize "cheating" trade.
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jvdp
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July 12, 2019, 03:45:30 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. I always don't wish to see the centralised business peoples news for press release about cryptocurrency. They will never locate the share market shares with the manipulation and simply coming here and telling cryptotrade are manipulating in the marketplace. I will never say true people sir man plating the price actually these centralised business giants only manipulating the price for their own convenient...
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dothebeats
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July 12, 2019, 04:17:12 PM |
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If you think otherwise then I guess you need to have your eyes checked. Crypto industry is heavily manipulated even up to now with regulations in placed to prevent wash trading and other sorts of illegal trading practices evident from the whole scene. I don't think it will change anytime sooner, even if regulators guard the market 24/7. Exchanges are benefiting from it, so why would they try and prevent such activities from happening knowing that it gives them profit and a huge volume to attract more customers? Heck, even some exchanges are involved in volume padding/faking just to tell the world how 'liquid' their platform is.
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kingpin4321
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July 12, 2019, 05:22:17 PM |
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Ever heard that cryptocurrency is decentralized that's to say it's the boss of its own, pays no respect to any one so cryptocurrency is sure not manipulated. In as much as there has been scramble to get a hold of it to no positive results making some countries to ban it
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Slow death
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July 12, 2019, 06:10:58 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. this is a very new market and is a market that is not yet regulated, to have a notion, in my country there is no exchange made by people from my country and no have exchange made by people of my country that it is possible that the people of my country buy bitcoin using their cards of debit and many countries are in the same situation, how will the exchanges not manipulate the volume? the market is still very small and there are many exchanges competing in a small market. The big exchanges that offer better services, take all the cake and about coinmarketcap CoinMarketCap and Crypto Briefing Introduce New Analysis ProductDATA Ultimatum: CoinMarketCap Requests More Information From Exchanges to Make Market More Transparent
They are striving to make things better.
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pooya87
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July 13, 2019, 04:05:32 AM |
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yes, the "industry" is filled with manipulation and scams. for example the company they are quoting here that is talking about manipulation (TIE) is scamming itself. they rehash something that was discussed a lot of times, come up with a bunch of random numbers out of thin air and throw it at people as if it is real and gained after proper research! and then they start selling their crap services to gullible people and take their money while throwing more random fake numbers at them. scam is also these random news sites that keep popping up every day that are quoting these scam random companies that also are popping up like mushrooms.
as for exchanges, them reporting fake trading volume is not manipulation of the market! market manipulation exists, to some extent in bitcoin and on a much larger scale in altcoin market but this is not it.
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antisocial77
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July 13, 2019, 05:32:50 AM |
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he is right.everybody knows that every exchanges especially small companies use bots and fake volume.and they are also manipulated by whales ofcourse.all i have to do is follow the trend.
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ubay
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July 13, 2019, 02:30:20 PM |
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Manipulating the market requires super-large costs, and cannot be done alone. If there really is such an organization it should have been tracked for a long time, and I hope this is just a matter of concern.
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iMark
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July 13, 2019, 03:03:27 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. I think that's a natural thing, don't be surprised by that. trade is a field of money for the rich. they will look for a small market from a currency or crypto, then invest in a large amount, control the market and manipulate it. actually anyone with big big capital and great knowledge about market can manipulate the market
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kryptqnick
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July 13, 2019, 03:29:57 PM |
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Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. Yeah, faking trading volumes is old news already, there's been a lot of info on this matter months ago. I think it's true that many exchanges report fake volume to get higher on the list and attract more customers. However, I don't think they can do much apart from it. Like, they can fake the volumes, but now affect the price dynamics this way. It's weird that it's so easy to do that with Bitcoin, I mean all of the transactions are public... But I guess the system is not perfect yet, and there's no mechanism that would check the blockchain transactions and make reports of trading volume based on real transactions.
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erricducducan26
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July 13, 2019, 09:26:17 PM |
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Any market can be manipilated so I wouldn't be surprised if crypto can also.
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