I am meeting with an attorney, have you been damaged by wash trading on binance?

[blandana]

I have posted in the legal section although I believe this topic is important enough to merit a post in the general section.

I have been informed by an attorney that someone is interested in taking my case.
I have contacted nearly ten law firms regarding buy wash trading and harssment in the market regarding forcing the price of bitcoin up with large fake buys and what seems to be robots. If you feel as though you have been damaged by such actions getting tricked into failing trades from harassment or similar situations and believe they are illegal, please send me a P.M. or respond to my legal thread here https://bitcointalk.org/index.php?topic=5211546.0

[odolvlobo]

Honestly, I think you are wasting your time and money. Without any real evidence supporting your claims, I don't think you can win.

[BrewMaster]

don't mean to be insensitive but it is a bit weird that you are mad about something as meaningless as "wash trading" while in the altcoin market (Binance specifically) there are at least half a dozen pump and dump cases happening every day.

[bitcampaign]

You are like a kid who is losing money, I have also lost money in trading, maybe in the same case, but I think again when I press the buy button or sell button it is a decision from ourselves, profit and loss has become a daily food for traders so all accept the risk, any cheating on the exchange you will not be able to win this case even though you have enough evidence, because you do not understand that every trade there is always a risk so think again

[blandana]

Anyone else have something nice or mature to say?  Not sure how many honest people there are here.

[fiulpro]

The problem is , you cannot just put a finger on anyone who is into this business , people do that since time immemorial , they wanna make profit , so they invest and change the market according to them , it cannot be called illegal because they are not doing anything wrong according to the laws , morally well yes , how can they actually win ? Because what would they say in the court ?

[Kemarit]

Honestly, I think you are wasting your time and money. Without any real evidence supporting your claims, I don't think you can win.

Exactly, no offense to the OP, but I think this is going to be difficult to proved your claims. And maybe that's the reason why those 10 law firms have declined your case. Goodluck though, I think you needed a lot of that.

[blandana]

To everyone "bashing me" no, it's not your time to troll people on the internet, and I do have evidence.  This is the kind of thing I'm talking about.  This is at least -part- of what wash trading is and it isn't just "silly" or "negligible."

These buys are made by someone trying to get attention.  Someone is screwing with people's lives here and I'm taking this to court if the case flies.

december 4, 2019


november 24, 2019 spoofing


october 19, 2019 "fighting a big sell with a fake buy that screws everyone and fails"


having to go through this type of failure just because someone wants attention trying to force the price
october 3, 2019


clear effort trying to force the price back above the line only to fail again, this constantly happens and it wastes time even if it seems minor
october 3, 2019


data coin binance pump and dump september 29, 2018


chat coin sept4, 2018  binance


fun token october 2, 2018 binance

[gentlemand]

Well, I hope the process gives you some succour and the lawyer doesn't cost too much. I for one would rather go outside and plant a tree or nurse an orphaned dolphin back to health. Crypto will carry on cryptoing.

[blandana]

It's too bad most people here seem to be treating this like a game or want to just say "go home kid."  You know you're dealing with an adult here and this isn't time to be immature.

[ChrisPop]

Like @odolvlobo said - without some hard, serious evidence you can't do anything especially against someone with such big financial power(talking about Binance). My advice to you is not to see the price movements as wash trading, manipulation or anything like that. When prices move it is simply an imbalance between buyers and sellers. Don't waste your money on a lawsuit unless you have that evidence, your frustration will just grow. Instead you should change your perspective over the market. Just my 2 cents..

[MURONDI]

if indeed the exchange is proven to be fraudulent please proceed with the law, but are you sure the evidence is strong enough to be brought to justice, could that be what is called a fake volume, I am among those who hate cheating in any form, Good luck.

[blandana]

if indeed the exchange is proven to be fraudulent please proceed with the law, but are you sure the evidence is strong enough to be brought to justice, could that be what is called a fake volume, I am among those who hate cheating in any form, Good luck.

Yes.  I believe there is a lot of fake volume going on on binance.  A "study" was done supposedly by a trustable source claiming prior to this date that Bitfinex and Binance have 0% fake volume but "every other exchange in the world" "did have fake volume."  That in itself is suspicious enough to warrant an investigation.  Claiming there's not even 1% fake volume most like proves that study was fake.  This evidence most likely proves it along with my experience and any damages anyone would like to personally share with me through a direct message.  (Don't take it personally if you share, it's important and you could get help).

[blandana]

Also, I may include information regarding the "pump" of ripple, and iota.  These are key examples of the abuse the market has gone through.  Sure it looks great but then it's tricked everyone into thinking it's just going to go back to 2 dollars and fight for a year or more over it.  I have a suspicion this was not entirely natural.

I may also include information regarding the ZCL crash on bittrex.  The website froze the market and then the coin was only 20% of it's value after it got "unlocked." Investors had no time to trade at all and were left penniless.  Forks do have negative effects on prices but that was entirely screwed, even if I did get my money back trading later.  It was advertised as a wallet update, not a fork.  This was misleading and most likely caused severe damage.
Bitcoin private (the coin you "got" from the fork) then was later delisted making the entire project a failure and leaving literally everyone broke.

A similar occurance also happened with bitcoin diamond on binance.  It was pushed to unreasonable prices (about 20 dollars compared to 2 or 4 on other exchanges) and as such suffered a severe crash.

Bitcoin diamond lost nearly 80% of it's value in a day.   Not that it's the sellers fault when these dumps occur because you have to leave immediately but this sort of thing shouldn't happen to innocent investors.

[murat131]

How people can be damaged by wash trading?

[blandana]

How people can be damaged by wash trading?

Time wasted through fake trends ruining professional trading.  Wasted time and money through commission on trades that don't work.  Causing terrorism and physical damage including stress from constant harassment in the market.  Getting "hit" by large sells because the buys try to convince you that sells are the enemy.

People have committed suicide over this.  It's time to stop messing around.

[ChrisPop]

Time wasted through fake trends ruining professional trading.  Wasted time and money through commission on trades that don't work.  Causing terrorism and physical damage including stress from constant harassment in the market.  Getting "hit" by large sells because the buys try to convince you that sells are the enemy.

People have committed suicide over this.  It's time to stop messing around.

That's very true. The psychological damage that one can suffer from trading in the markets shouldn't be underestimated. Mostly due to this aspect of trading - this endeavour has proven to be one of the most hard things to master and become proficient at. You see.. many people know technical analysis and many do know some kind of risk management principles, but the thing that links these two skills is the ability to control/manage our psychic, mind and emotions.

[blandana]

This just happened on Binance.com.  Claiming wash trading doesn't hurt anyone?  I'm going to have to reject that claim.  Look at these silly buys and fake trend someone is trying to make only to fail in the end.  Even if it "miraculously goes up" still,  this is the kind of thing I'm talking about.  I'm trying to help you here, not act like I'm smart.  People are getting hurt when you don't believe I have any sense in my brain.

[BrewMaster]

what you are referring to as "evidence" is just big buys and big sells. and unless you can prove that these buys were fake, wash trade or whatever you don't have a case. for example the 602 BTC sell can easily be someone selling 602 bitcoin and there is absolutely nothing wrong with it. you have no way of proving that this sell never happened. it is their money and they can sell it however they want otherwise it won't be a free market anymore.

with that said, you should try to adjust your strategy and try to avoid trying to make profit from small swings. try a bigger range and a better analysis of the market.

[blandana]

what you are referring to as "evidence" is just big buys and big sells. and unless you can prove that these buys were fake, wash trade or whatever you don't have a case. for example the 602 BTC sell can easily be someone selling 602 bitcoin and there is absolutely nothing wrong with it. you have no way of proving that this sell never happened. it is their money and they can sell it however they want otherwise it won't be a free market anymore.

with that said, you should try to adjust your strategy and try to avoid trying to make profit from small swings. try a bigger range and a better analysis of the market.

You're obviously claiming I'm ignorant and have no experience.  Besides these pictures I have video and evidence of binance allowing "traders" to force the price of bitcoin and ethereum to stay above ema lines through illegal tactics and not doing anything about it.  I've been here for over fives years and I've seen the market become violent. This is probably not the best time to troll.