Fake trade volumes

[Sonik33]

Wow, the volume of fake trading coins is very unsettling and provides invalid information. I am very disappointed with the coin providers who use this method to make their volume large and crowded in the market. In my opinion, this is an unhealthy strategy in playing and competing in crypto currencies. Fake coin volume will only make a coin unable to survive in the market for a long period of time. I prefer to compete as is and honest.

[tondenga2122]

A high trading volume but the traders are only bots
There a lot of fake trade volume on some Exchanges and yeah most of them are on bad exchange.
Even in the largest markets to there is also a fake volume trade.

[Fundamentals Of]

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

Fake volumes are done by both the project itself and the exchanges. For the exchanges, this is obviously for the reason that investors or traders are drawn toward their platform because coins are being traded with high volumes, meaning there is sufficient liquidity. Traders always prefer to trade with coins and exchanges that give them smooth flow, with their orders easily filled. As for the projects, they are basically trying to send an image to the public that they are trusted and investors are interested in them as being reflected by the volumes of their coins.

[Muzika]

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

If this happened maybe it is because the exchanges are accepting bribe to make a fake volume of a certain coin because there are people look into the volumes of a coin before using it for a trade or for holdings. I read an article that there are some exchanges faking the funds collected on IEO and this might because they are accepting payments for this to happen.

[Mehedi72]

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

There are a lots of reason behind it. Possibly exchanges creates fake volume as because to show people that, their exchange is one of the top and best exchanges.so people should come & trade there!! This is the way that helps their exchange to get much more traffic. More traffic means more income. Sometimes shitcoins developers deal with those exchange to do so as because to get more investment in there shitcoin or they uses bots to create fake volume to show people, their shitcoins is best for investment. Thus they earn a lots of money by cheated with us 

[copoyes]

what I know is usually when there is a market that makes fake volume to lure the traaders to go to their market, you could say they are short of operational funds but how do you find out if they make fake volume

[numizmat]

It is because CMC generally issues aggregating prices, not providing per-market+exchange charts/data. Some of their competitors like https://coin.market/ provide such  trades data, so you can calculate how much volume was for 1 second, 1 minute, or 1 hour and so on - you can also check how many trades were to get, for example, btc/usd in a selected price range on all exchanges or on one exchange - it allow to easily avoid such fake numbers from shady exchanges.

[rdluffy]

It's complicated and hard to detect fake trade volumes
Here in Brazil we have an exchange that is suspected to fake the trade volumes of BTC, it's market in coinmarketcap with * and are under investigation

[bitbenzhong]

as far as i know.quant trader,they use program create trading robot,they can trade everytime.But this trading model is usually only for a coin.
so i think In addition to the mainstream market, I believe that other market have fraudulent behavior, in order to attract more blind investors to come in.

[Distraction]

Unfortunately, it seems that there are some cryptocurrencies that try to fake their volume and to be listed on big exchanges. I don't want to believe that coinmarketcap is supporting an act like this and faking volumes on its website.

[FlamingFingers]

What this means? Why they do that? Is everything just done by exchanges or project itself,

I believe that it is a collaborative event between the exchange and the project,  the project will be trying to make sure  that they meet up to coinmarketcap cap requirements

They thereby creating a fake volume  by collaborating with the exchange and perhaps to draw the attention of investors to buy their token , lots of new exchange are guilty of this,  and it doesn't speak good for cryptocurrency market generally

[AmoreJaz]

What this means? Why they do that? Is everything just done by exchanges or project itself,

I believe that it is a collaborative event between the exchange and the project,  the project will be trying to make sure  that they meet up to coinmarketcap cap requirements

They thereby creating a fake volume  by collaborating with the exchange and perhaps to draw the attention of investors to buy their token , lots of new exchange are guilty of this,  and it doesn't speak good for cryptocurrency market generally

agree on these points. but if the project is already in cmc and you can still see that they are blatantly doing the wash trading. then be very careful with that coin, either they slowly want to discard the dev's coins for early exit or they want to pump the price so they can get a higher price value of their coin and later on sell whatever they have and boommm!!



you will see this kind of fake trading if you are closely following a coin and know basically whats going on. you dont have to be a rocket scientist to detect this kind of scheme. either the exchange or the dev team is benefiting on this situation!

[ololajulo]

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

Even the big exchange like Bit-Forex also created a fake volume on some coins.
I think they want to attract some trader to trading on their place, using fake high buy and sell orders.
I'm sure this fake volume is 100% bot because they will move to higher price or lower price when you try to make an order.

I wanted to correct that also, it is not peculiar to small exchanges, big volume exchanges do that now, The bear market is responsible for a lot of abnormalities and is why they claim the dominance of bitcoin could be close or above 90%.  You will be surprised to see it also on decentralized exchanges. The order will be so small and you will be surprised with the amount of sale they claimed they make every day. I dont see it go soon but some channels like CMC may adjust the measure to give better and precise information on the market at large

[Plecet Bank]

Manipulating data is an unjustifiable form of crime.

When many project platforms compete to be registered with CMC, they are fake data. And if they manage to enter the CMC, their project will only make a loss for many investors. In my country, there is a very large exchange and it is not easy for any project to be listed. Even this exchange using the process of choosing which is then used can be taken and take that has the most votes. So it will be a project that has a quality that can be registered.

[antisocial77]

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

[maydna]

I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.

I think they want to show to the public that they have big support from peoples, and their demand was so high, so they need more support from the public. But the other reason why they do that is that the exchange itself want to reach more members and they can manipulate the volume. So people will see it seems, the site will have a big demand and supply that are making a transaction. But they could have a thousand reason why they do that and only they will use only what their purposes. All we need to do is calm down and don't panic if we see those things, and only analyze will be the answer.

[Yamifoud]

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Do we need to fool others just for the sake to earn money and gain reputation?  How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy,  they make ways just to find the solution of their problems without knowing what would happen next.  It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

[Naida_BR]

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Do we need to fool others just for the sake to earn money and gain reputation?  How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy,  they make ways just to find the solution of their problems without knowing what would happen next.  It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

Those project with fake volumes just aim to get easy and quick profits.
They don't care about their reputation afterwards, so they are focusing more on making a "buzz" around their project and coin in order to make it gain value. When investors realize that this volume is fake it would be already the time when they would have acquired their profits.

[||bit]

Well even if they are doing, at least they have solid volume underneath it.Small exchanges doing it as very obviously.Some of the order which we placed is not at all moved and only the price variations will be done by the exchange itself.It was a quite common one in a small exchanges.People will follow the thing, the coin is listed on any exchange. If so, they will invest their money without checking the liquidity.

[Pamadar]

Almost every market has fake volume and they use bot.somehow they have to use them because marketcap is very low and they need a trader.which of us invest at very low volume market?

Do we need to fool others just for the sake to earn money and gain reputation?  How bad is that? I don't think it will help and I don't know how it gains reputation, instead it is in the opposite.
Some of us are too greedy,  they make ways just to find the solution of their problems without knowing what would happen next.  It is not we need to fake the market volume cause it only promote negativity and investors won't give trust at all.

Those project with fake volumes just aim to get easy and quick profits.
They don't care about their reputation afterwards, so they are focusing more on making a "buzz" around their project and coin in order to make it gain value. When investors realize that this volume is fake it would be already the time when they would have acquired their profits.

They are not concerned to what extent it will affects their project, they are after the money and nothing else, even dealing with fakes volumes to attract traders to join the ride and make it looks realistic, victims will only notice things after placing their entry.

There's a need of carefully analyzing things inside any market as bot are all over the place making fake information to attract investors interest.