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Author Topic: The crypto hell: the exchangers manipulation.  (Read 483 times)
FaucetKING
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September 30, 2019, 11:42:35 AM
Merited by tk808 (2)
 #1

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.
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September 30, 2019, 11:58:18 AM
Last edit: September 30, 2019, 12:13:05 PM by Chmel
 #2

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

I think all people like freedom) About exchanges i think they really do this, it confidential information and nobody cant tell for sure. Thare are video where Arthur Hayes CEO of Bitmex tell about this manipulation. I am not sure maybe it was fake, u need to check on youtube.
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September 30, 2019, 12:03:14 PM
 #3

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.
Few exchanges are very true with their volume, not all exchanges manipulates the market moreover news about this is already spreading and very soon actions will be taken on exchanges with fake volumes, exchanges like huobi or binance stands out among the rest,they always prefer to stay clean

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September 30, 2019, 12:07:39 PM
 #4

Speaking about ghost trading, I heard https://p2pb2b.io/ did this before but they were using another coin. What happened to them? they rolled back the transaction before the users bought the coin and refund his money(they will make some sort of bullshit as an excuse). Some of them might do this, but all of them? I do not believe they dare to do that.
Not all traders are a fool, they know how to check exchange cold wallet and hot wallet. And calculating whether they have a sufficient number of coin or not, if they find out the exchange does not have a sufficient coin in their wallet. They report it to the exchange local government.
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September 30, 2019, 01:09:54 PM
 #5

Have you considered the alternatives out there? You can trade on decentralized exchanges, eliminating the central part of all of it. Blocknet does the job, it's really easy to use once you get the hang of it.
Download the wallet's you need to store your coins in, in this example you want to trade BTC for BLOCK, so open and unlock your BLOCK wallet, and BTC wallet.

Open the DEX, and trade whatever you want, without ever needing to move your coins outside your own control (centralized exchanges).

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September 30, 2019, 01:20:20 PM
 #6

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.

Market manipulation is not new. I once read a news that said that almost all crypto exchanges operating today do manipulations to increase trading volume on their platforms. that's why we need DEX, with the DEX Platform manipulation in exchange can be eliminated.

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September 30, 2019, 09:12:18 PM
 #7

Have you considered the alternatives out there? You can trade on decentralized exchanges, eliminating the central part of all of it. Blocknet does the job, it's really easy to use once you get the hang of it.
Download the wallet's you need to store your coins in, in this example you want to trade BTC for BLOCK, so open and unlock your BLOCK wallet, and BTC wallet.

Open the DEX, and trade whatever you want, without ever needing to move your coins outside your own control (centralized exchanges).

I already know about BlockNet, it's awesome. The issue with DEXes is that the volume might be low for huge traders, the DEX could be safe and reliable but still we're facing the liquidity issues and it must get resolved by time. We can't keep trusting these fake exchangers with all the risks that we're facing. Just like USDT Tether could be printed, these exchangers could print btc and sell it.. They have big volumes and nobody could see that. The reserve of the exchangers will always have coins which doesn't get withdrawed..they could use that balances to manipulate and sell btc that doesn't exist. That is truly a threat to cryptocurrencies.
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September 30, 2019, 09:41:35 PM
Merited by tk808 (1)
 #8

Personally, I also believe in decentralization and privacy, reason why I'll be glad to see more advanced decentralized exchanges in future. There are too many market manipulations presently in centralized exchanges and this has to be curbed, especially in those exchanges with low reputation. Let's just stick to a few exchanges with high reputation for now, since presently most decentralized exchanges do not meet up to expectations of crypto enthusiasts especially with regards trading volume / liquidity.
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September 30, 2019, 09:47:16 PM
 #9

If you don't trust the mainstream exchangers then use the decentralized exchanges that's the solution to your worry. Manipulation sure is happening but sometimes we are not even aware of it that it's already happening.

The issue with DEXes is that the volume might be low for huge traders
Are you a huge trader? that could be an issue for them but there's a good number of DEXes that you can use if you are still worrying about the volume.

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September 30, 2019, 09:50:30 PM
 #10

Nothing new, its been so many years and the market is being manipulated sometime.
Manipulation is a normal thing in every stokck or exchange.
If you are smart enough you can ride, if you have a weak mind then you will left alone

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September 30, 2019, 09:55:06 PM
 #11

Nothing new, its been so many years and the market is being manipulated sometime.
Manipulation is a normal thing in every stokck or exchange.
If you are smart enough you can ride, if you have a weak mind then you will left alone
A weak mind?
Nope. I'm not weak. I'm talking in general and discussing the serious things here. My issue isn't with the non trusted or the low reputation exchangers. My whole issue is related to the BIG exchangers, the trusted ones. These exchangers could topup their account with 1000 BTC and sell it in the orders.. no one could prevent them, no one can watch them and especially no one could feel the manipulation. It could harm the crypto world and it will destory this beautiful concept.
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September 30, 2019, 10:39:27 PM
 #12

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.
Decentralized exchange isn't secure for my rest of the token. I never thought this manipulation. Any exchange can do it, all people don't withdraw funds in same time. I think for reason exchange has withdraw limit like 10 BTC without KYC.

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September 30, 2019, 10:49:31 PM
 #13

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.
Decentralized exchange isn't secure for my rest of the token. I never thought this manipulation. Any exchange can do it, all people don't withdraw funds in same time. I think for reason exchange has withdraw limit like 10 BTC without KYC.
That's what i'm talking about here, the funders deposited to an exchange isn't going to be withdrawn in total, just like the usual banking systems.. the total amount of usd in the world couldn't be withdraw in the same time.. That's a plus for the usa gov to print more usd without getting the eyes on the federal reserve back in time. This is going to take place here in the crypto field and even, it might have been practised before. No body knows, no body cares about this.
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September 30, 2019, 10:52:19 PM
 #14

I thought that they can't because the transaction will be rolling back again consider about exchange site doesn't have enough funds to fill all of the orders that has already made by the buyers. Remember about the funds of exchange site will have always stored in the hold wallet and that's connected to the blockchain. Before the system will try to execute that and it must check total amounts that available in the hotwallet.
It's not possible to create such a fake coin order to be bought by the users but if that was about manipulating the trade use the bot or Mcap total and it's possible to consider about it has nothing to do with the blockchain.
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September 30, 2019, 10:58:21 PM
 #15

Nothing new, its been so many years and the market is being manipulated sometime.
Manipulation is a normal thing in every stokck or exchange.
If you are smart enough you can ride, if you have a weak mind then you will left alone
A weak mind?
Nope. I'm not weak. I'm talking in general and discussing the serious things here. My issue isn't with the non trusted or the low reputation exchangers. My whole issue is related to the BIG exchangers, the trusted ones. These exchangers could topup their account with 1000 BTC and sell it in the orders.. no one could prevent them, no one can watch them and especially no one could feel the manipulation. It could harm the crypto world and it will destory this beautiful concept.

I understood you clearly reading this than reading your thread starting post.

You are saying, they will be using the balances of each users like how we are saving money in banks and the bank uses it for investing making more money.
It could happen. But we have no control of that. All we can do is trust yhe exchange.
There are terms and conditions with them. Maybe you could talk to them and ask for a new terms which will prevent them from doing that.
But I doubt they will, worse you gave them a good idea what to do next.

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October 01, 2019, 01:20:43 AM
 #16

It is already happening. I believe not only traders are using bots but these exchanges as well. I don't have the article but I have read an article about these exchanges offering to create volume for those coins that just hit the market so what will happen. Traders will suffer and many people getting rekt.

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October 01, 2019, 01:29:22 AM
 #17

The exchanges can do that easily as they have power and control the market. But I don't think that all of the exchanges want to do because if they do that, they will lose the trust of the members. In the end, they will not online for a long time because the members will leave them alone. And if they have been caught for manipulating the market, they will lose everything, and even the owner can be reported in the local authority who's in charge.



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October 01, 2019, 02:21:42 AM
 #18

If you are for decentralization, you should be happy if these centralized exchanges destroy their own reputation by manipulating volume. Users will lose trust on them and there's a high chance that they will prefer decentralized exchanges.



It's ironic that you are bothered by manipulation by centralized exchanges but don't bother promoting a forum paid by one of the exchanges that's been accused multiple times doing such activities.

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October 01, 2019, 02:31:05 AM
 #19

Hello there fellas,
I'm going to discuss something that keeps making me nervous. I'm that kind of a person who likes the decentralization, the privacy, the freedom and the equality in the financial world. It comes to my mind that these exchangers might someday be selfish, crypto is getting worthy and it will bring the eyes of the greedy peoples. Imagine that these exchangers grabs the trust of the peoples and then they start manipulating the market. The total volume in the exchangers is not stabe and peoples will never withdraw all their funds. Let's say that the amount of the holdings that an exchange have is 1000 btc, they could easily create sell walls of 1500 btc and peoples will buy because they trust these exchangers. What will happen then? Imagine that all the exchangers do this, what's your thoughts on this fact?.
This is what happens right now, cryptocurrency today are pure manipulation by famous individual in the industry. I really don't like what we have today, centralized exchanges really have the power right now. Decentralized exchanges should be the pne we are supporting to, take note that real decentralized not semi-decentralized.

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October 01, 2019, 03:29:53 AM
 #20

What was conveyed by the OP could have happened but not too obvious because the amount is not too much.

CEX (Centralized Exchange) manipulation is not only trading volume but also news manipulation example when they say that exchange was hacked and there were funds that were stolen.

I myself was confused about this, because I was sure that people who worked on the exchange were people who are experts in crypto but this can happen and I thin that this is a manipulation too.
 

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