The crypto hell: the exchangers manipulation.

[adzino]

This can actually happen and I guess it does happen but they do it in such a discreet way, we can hardly notice or blame them. But I have heard exchanges manipulating volumes and increasing it to show others that their exchange is more active and better to attract people. I guess decentralized exchange platform are the only solution to get rid of those price manipulation being done by an exchange.

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[mdzahed134]

Some trading platforms really abuse trading volume. This is mainly done by young exchanges that want to achieve an influx of users due to the high volume of trading. Maybe large and well-known sites, also engaged in similar earlier.

Old exchanges highly manipulated trading volume, not they are young exchanges because i saw that from almost 3-4 years in the crypto space. I have experienced about some exchanges those are huge daily trade volume according to coinmarketcap. I am talking about https://exrates.me/ it’s showing 2 million trade volume but when i am go to sell my asset than see there are no enough buy bid for sell my coin just remember that it’s how much manipulation.          

[malikusama]

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?.

Not a new thing i guess, many big names are already doing this.
The only way out of this problem is decentralized exchanges. Although people don't prefer them much because big centralized exchanges have already captured the market by their huge volume and by providing multiple features.

[tabas]

I think for all these issues crypto exchange regulations is a must just like forex exchanges or brokers are regulated to safegaurd investors and traders from scam or fraud.

The decentralized exchanges can't be regulated unless they are willing to do that if the gov't where they are residing starts to ask them to do so. The lowkey dexs can't be asked to do that, especially if the developer and owner are unknown. But I don't think many traders will go there if the owners are anonymous.

[Bitbtc8]

Some trading platforms really abuse trading volume. This is mainly done by young exchanges that want to achieve an influx of users due to the high volume of trading. Maybe large and well-known sites, also engaged in similar earlier.

Old exchanges highly manipulated trading volume, not they are young exchanges because i saw that from almost 3-4 years in the crypto space. I have experienced about some exchanges those are huge daily trade volume according to coinmarketcap. I am talking about https://exrates.me/ it’s showing 2 million trade volume but when i am go to sell my asset than see there are no enough buy bid for sell my coin just remember that it’s how much manipulation.          

You stated that when you want to sell your coin on exrates there is not enough buy bid? this is different case, no buy order means the coin you want to sell have no demands, and one more thing, not all coins will have good trading volume, top coins like bitcoin, ltc , eth and stable coins are the coins that always have highest volumes on exchanges

[samcrypto]

This can actually happen and I guess it does happen but they do it in such a discreet way, we can hardly notice or blame them. But I have heard exchanges manipulating volumes and increasing it to show others that their exchange is more active and better to attract people. I guess decentralized exchange platform are the only solution to get rid of those price manipulation being done by an exchange.

We can feel this one, though the volume on a decentralized is low I also believe that this is a great solution for a more safe exchange. There are exchanges who are caught from manipulating the volumes, some are being fined for that but we still don't know that even the top exchanges I am sure they still manipulating the volumes of the trade especially on a coin that is not that active at all. Consider the exchanges not a safe wallet to store coins, always make sure that you have the control on your wallet.

[Arsenyo]

Most of centralised exchanges manipulate the prices, nothing new. The higher their volume is the higher the potential that traders will be using their platform. I faced the problem of trading bots several times, and really irritates me. But price manipulation is real, and there is nothing we can do about it.

[Ucy]

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?.

Well, I believe you. Unfortunately we can't do much about it if the cryptocurrency world is not united to ward off evil. Should we then leave the purging of filth to governments? I guess they should take care of the centralized exchanges while the community handles the decentralized stuff. The community tend to self-regulate things that are shared while things that are privately owned can hide behind the darkness of centralization.
Everything needs to be transparent not just the centralized exchanges. The Hypocrisy of this world is too much.

[andika2018]

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 difficult for the exchanger in my opinion because the transaction holder is the customer unless the exchanger really wants a damaged reputation. This can happen if the exchanger applies leverage or margin trading but the exchanger still cannot become a market maker

[Sahyadri]

Almost 88% of exchanges manipulate trading volume for better ranking. -MasterTheCrypto
Then they manipulate the market by taking the advantage of leverage trading. Bittrex is  a pretty good example of that. You must have seen how the website goes down once there is a significant price change. Lack of regulations is the biggest reason for that. But at the same time we don't want a third party regulations in cryptos. It is a double edged sword.

[pawanjain]

True decentralization can only happen when the currencies are being exchanged on decentralized platforms(exchanges) or peer to peer exchanges.
Only Centralized exchanges have the ability to manipulate their platforms and scam people. We have the ability to adapt to decentralized exchanges but just because most people are using centralized ones, the others are doing it as well.

[ecnalubma]

We cant do anything regarding the market manipulation issue whether its centralized or decentralized it is illegal in any angle. The problem is no one is monitoring them and government power is limited or still not crafted, thats why these anomalous exchanges are keep on taking advantage of the current situation. I appreciate US for their commitment in regulating this young industry they should serve as role model for every country.

[crossabdd]

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?.

It's hard to happen now, friend, I have experienced it. I see several exchanges that have large volumes. but when I register and trade, everything is different. the market moves using bots, with a small total bid but runs nonstop. it makes me disappointed. and can't sell at the right price.

[magneto]

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 why we should not be blindly trusting in exchanges.

Exchanges don't even need customer capital to manipulate any side of the orderbook they want once they gain enough of a following. After all, they have full control over their own trading engines as well as the orders listed on their books. If they have sufficient influence their manipulation can flow onto the rest of the market through indices that contain their price info, etc.

Also, wash trading is another very common occurrance in the crypto scene. I wouldn't doubt if the majority of unregulated exchanges do it in order to fake their volumes.

Even regulated exchanges probably dabble in shady stuff every now and then. There is now guarantees. This is why DEXs are going to be awesome, but for now, just beware of obvious exchange manipulation.

[meliodas]

The manipulation is being done by the whales and not the exchange. Manipulation is existing not only in cryptocurrency but also in other market. As long as you have a big capital then you can easily manipulate a particular market. Cryptocurrency market manipulation is inevitable because even we like it or not, it will still exist. The only thing that we can do is to better ourselves to be able to cope up with this type of challenge in our market.

[AndRE177]

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 don't trust centralized exchanges primarily because they force all people to take the KYC. I have never understood the meaning of all this and therefore do not trust centralized exchanges. I certainly trade on some of them, but I do it without trust in their address and do not hold large amounts of money on these exchanges.

[iamsange]

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 don't trust centralized exchanges primarily because they force all people to take the KYC. I have never understood the meaning of all this and therefore do not trust centralized exchanges. I certainly trade on some of them, but I do it without trust in their address and do not hold large amounts of money on these exchanges.

That is why a lot of people said that if we save money in exchanges, that means we don't have control about it. Maybe what they means is after trading we put it back to our wallet because nobody know what will happen. But about KYC, i think a lot of exchanges still allow people to trade without do KYC.

[ajeef]

Some trading platforms really abuse trading volume. This is mainly done by young exchanges that want to achieve an influx of users due to the high volume of trading. Maybe large and well-known sites, also engaged in similar earlier.

Old exchanges highly manipulated trading volume, not they are young exchanges because i saw that from almost 3-4 years in the crypto space. I have experienced about some exchanges those are huge daily trade volume according to coinmarketcap. I am talking about https://exrates.me/ it’s showing 2 million trade volume but when i am go to sell my asset than see there are no enough buy bid for sell my coin just remember that it’s how much manipulation.          

Most of exchanges that manipulated trading volume are exchanges that foster the population of bots.
The bots make the exchanges very crowd but it's just trading between bots.
And also, coinmarketcap is not an accurate source to see the trading volume, we should research the exchange itself to know the real volume

[Fredomago]

it is too greedy and cunning, in my opinion it should not be in a large exchange because it can be very painful for investors and traders, I as an investor, trader and bounty hunter, very sorry with such an exchange attitude, in my opinion it is a sneaky thing

It's not far to happen even in a big exchange , like what OP was said if greediness comes up there's no way for any investors or traders to know what
the exchange plans in the next following days. They can do this kind of act and sucked all the profits that they can have while playing safe under their business umbrellas.

It's needs to have more awareness and careful analyze every exchange that you'll going to use. Having good reviews and check opinions from users will give you good insight to avoid making mistakes from using the right place to trade your assets.

[Shasha80]

The exchange manipulation is not new for me, a lot of recognition from some of the founders of exchanges did this in secret.
By creating a fake volume that ultimately makes investors fooled, this will be very detrimental to the users of the exhanges.
Because many people are greedy to take advantage of investor confidence. So from that there is a DEX platform to overcome
this problem.Or it could also be of us more careful in choosing exchanges, look for exchanges that have been proven to be trustworthy.
And don't play too much in new exchanges, because new exchanges are more vulnerable in this regard.