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Author Topic: Good trading volume doesn't mean a token is good  (Read 796 times)
Kvalentine
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November 22, 2019, 08:16:17 AM
 #41

Its easier to create fake volume for any coin or token which is why i think its better to rate coins, tokens and exchanges with liquidity instead of volume, you can't fake liquidity and it all comes down to the exchanges they are listed on

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I HATE TABLES I HATE TABLES I HA(╯°□°)╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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November 22, 2019, 08:34:37 AM
 #42

This days people care more about deflationary tokens like bomb or dynamite token because to be frank people only care about money making, these deflation tokens pays real quick and many are happy investing in them

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November 22, 2019, 09:06:21 AM
 #43

Especially on todays exchanges. The numbers are just terrible, almost every single exchange is doing wash trading and the number of real trades is scary low. Furthermore, without further development a token is worth nothing.
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November 22, 2019, 09:16:46 AM
 #44

Especially on todays exchanges. The numbers are just terrible, almost every single exchange is doing wash trading and the number of real trades is scary low. Furthermore, without further development a token is worth nothing.

Yes but now everyone need money by hook or crook and most of the project spend only on exchange listing to list it in a high volume exchange so that the tokens can be sold and to get more buyers but they don't bother about further development of the project as a result most of the tokens are sold at good price but fails miserably after sometime due to lack of development.

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November 22, 2019, 09:44:21 AM
 #45

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

This can be seen from different perspectives, on one hand, good trading volume shows how solid a project is; let me ask, if a coin doesn't have a good trading volume will you buy??? And also it sends the wrong signal to traders or investors irrespective of whether the coin is good or bad. Moreover, what stops a good coin from having a good volume? As for me, I can't liken a coin with bad volume as being good.
On the other hand, we know hype is the order of the day in this space, thus there are every chances a bad coin will have a good volume but will it last long term? So let's look at all these from different perspectives.

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November 22, 2019, 09:48:36 AM
 #46

I often get coins that have large volumes but are very difficult to sell. all are controlled by bots buy and sell orders are filled with bots that manipulate the volume.
The coins are only listed in one exchange, so there is no other choice to sell coins like that, except selling on buy orders and will be executed by the bot.
If the coin is manipulated or using bots in certain market that can't be considered a high volumes coin though. only the genuine ones could be considered as one of that. I honestly pissed off with the existence of that bots aswell. It's like they are trying to give us false information and make us screwed.
Especially on todays exchanges. The numbers are just terrible, almost every single exchange is doing wash trading and the number of real trades is scary low. Furthermore, without further development a token is worth nothing.
Only unreliable exchange I assume, the popular ones rarely does this but doesn't guarantee that they are not doing this anytime soon. only time will let us know.

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November 22, 2019, 10:00:16 AM
 #47

I don't think so, Only good propjects has good a trading volume now which is listed on good exchanges that built trust to the community. Suspicious and bad projects dont even have a decent volume, often they are listed on sh*t exchange and generate a fake volume.

Haven't you seen shitcoins with huge volumes as a result of artificial pumps from the owners? the thing is, this happens to both coins with use case and coins without, the only difference is the holder of this coin, if you are a trader i don't think you will mind much about the utility of that coin provided the volume is high enough to trade,

but if you intend to hold for mid-long term basis, then it is better to reconsider your position to hodl or not, from the look of things, i would rather go for a coin with a real utility than just high volume, with time the utility will increase the demand which will also reflect in volume and price.
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November 22, 2019, 10:03:35 AM
 #48

Most cases people don't really care about real use case, as long as they could take the profit from the altcoins, that's what matters for them.
Let's not forget about market manipulation, you'll see bots everywhere and fake volumes here and there. More volumes means more traders doing some trading there, but what we have all fake orders and all. And Indeed, HYPE could make the volume rose quite high.
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November 22, 2019, 10:04:03 AM
 #49

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.
In the cryptocurrency industry, after the coin or token, was listed, the volume was the determining factor of its liquidity that's why most projects are running trading competition to uplift the current volume in totality most traders usually don't just see or considers a good projects base on whitepaper use case etc. since they are just temporarily holders of those tokens. and that's true, there are two opposite opinion regarding that matter. with the opinion on traders versus the opinion of long term holders.  
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November 22, 2019, 10:10:09 AM
 #50

As usual, the trading volume is good, there is a fair number of transactions between buyers and sellers, which makes people feel more secure whether it is a good coin or not but the trading volume is very important. weight, but the coin has no trading volume, it can be removed at any time.

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November 22, 2019, 10:10:32 AM
 #51

Most cases people don't really care about real use case, as long as they could take the profit from the altcoins, that's what matters for them.
Let's not forget about market manipulation, you'll bots everywhere and fake volumes here and there. More volumes means more traders doing some trading there, but what we have all fake orders and all. And Indeed, HYPE could make the volume rose quite high.
the most important thing for people is profit, but there are also those who are concerned with a real platform, usually a real platform can make projects have a long life in the market all about choices and it's a good idea to choose a project with a real platform
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November 22, 2019, 10:13:07 AM
 #52

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.
In the cryptocurrency industry, after the coin or token, was listed, the volume was the determining factor of its liquidity that's why most projects are running trading competition to uplift the current volume in totality most traders usually don't just see or considers a good projects base on whitepaper use case etc. since they are just temporarily holders of those tokens. and that's true, there are two opposite opinion regarding that matter. with the opinion on traders versus the opinion of long term holders.  

But in the longest term, it is the project itself that will determine the success of the coin and not the volume. The project is the one and only basis of the coin's success, its product to be exact. The volume may live up to what the traders are asking, mainly liquidity. That is enough for the coin to be doing good in the exchanges. But if the project will stagnate, it will turn into a pump and dump coin with no real investors' demand. Once the coin is on this phase, it will soon perish.

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amazigh15
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November 22, 2019, 10:17:57 AM
 #53

Yes some exchange exchange most of the exchanges use boots to increase the volume so I prefer a piece with a real low volume
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November 22, 2019, 10:36:14 AM
 #54

I think that such unreal volumes are present on coins that are listed on less popular exchanges and the creators of exchanges themselves twist these volumes with bots so that at least someone would pay attention to their exchange and start using it. And also it is sometimes used to ensure that stupid users of the exchange buy this coin and then cannot sell it since the bot never buys on someone else's order and you will be left with a coin that in fact costs nothing, so beware of this.

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November 22, 2019, 10:43:15 AM
 #55

Well especially when we have exchange like Bitforex/Bitmart

I am sorry to say but most of the volume trade are heavily washed
Volume washing can be good on flat, bad on back

Even exchange like Kucoin does wash their volume so it look like they have tons of volume :/

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November 22, 2019, 10:57:35 AM
 #56

I agree with this. Nowadays, people tend to get attracted to the altcoins or cryptocurrencies that have a huge trading volume because for them, they think that it is a sign of a growing cryptocurrency and they should jump in before it is too late but they didn't know that most of the time, it is caused by a hype and it is not a healthy practice to invest into a project that is just about the hype.

 
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rdewilde
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November 22, 2019, 11:06:13 AM
 #57

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

Well actually you are right, but you and I know that if a coin doesn't have any good volume we won't buy, and it doesn't end there, the exchange in question might delist it. Thus from all conditions be it a bad or good project or token let it have a good trading volume as that will show the members or potential buyers that the project is at least existing. This is just the reality of things.

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November 22, 2019, 11:13:55 AM
 #58

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

Do you mean this bomb ?

I read a few things about bombs and they are indeed coin based social experiments that focus on deflation. Provides 1 million tokens, and burns every 1% per transaction.
https://medium.com/swlh/14-things-we-learned-creating-a-million-dollar-hyperdeflationary-currency-f372b270469c

Holders do not consider anything important other than joining as active activists, I think their concept is no different from doge at first, even though vision and usability do not have real use cases.

I trade several coins according to the vision of each coin, so that they can be determined to be effective for the short / long term, not always about good trading volume, traders only need to trade coins that are only profitable.


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November 22, 2019, 11:32:50 AM
 #59

Behold good trading volume doesn't mean a coin or token is good, i read in a thread where few people are saying if a coin has no volume means its a bad coin, well here we go, bad coins can have huuuge volume, you must have heard of bomb token? bomb token has good trading volume but guess what? it has no real use case, the volume comes from HYPE because its a deflationary tokens, people believed that the more a max supply of a token get decreased or burned off over time means they are GOLD tokens, it does bring profits to early adopters like they say but NO REAL USE CASES.

I agree with you, most of these projects have nothing nor user case yet they have good volume when compared with most coins, it all points to hype. But on the other hand, I also find it disappointing for projects which are classified as good ones not to have good trading volume; this will only leave a negative effect on the project because users will develop cold feet towards it and before long the project will cease to exist.

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November 22, 2019, 11:36:10 AM
 #60

I agree with this. Nowadays, people tend to get attracted to the altcoins or cryptocurrencies that have a huge trading volume because for them, they think that it is a sign of a growing cryptocurrency and they should jump in before it is too late but they didn't know that most of the time, it is caused by a hype and it is not a healthy practice to invest into a project that is just about the hype.
Some where just cause by hype but then suddenly, whales or manipulators will dump it until you don't have a chance to stop your loss, I'd been struggling before with such scenario when I'm new as I was attracted on those alts that pump 2 or 3 consecutive days then suddenly it keeps falling without me noticing it. Projects should have real use to withstand market volatility.

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