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Author Topic: Trying to Sell LEDU on Dcoin!! Fake Volume?  (Read 733 times)
Fatemablabla (OP)
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July 19, 2020, 07:58:14 PM
 #1

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
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July 19, 2020, 08:19:02 PM
 #2

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
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July 19, 2020, 09:15:33 PM
 #3

Yes DCoin is completely Fake Volume, last year I also experienced the same thing when selling bounty token, but fortunately after I let sell orders up to 2 days the tokens can sold, based on Coingecko LEDU has a low trust score, so I suggest you seem to wait or maybe withdraw your LEDU until there is an exchange other than DCoin

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July 19, 2020, 09:24:35 PM
 #4

Yes DCoin is completely Fake Volume, last year I also experienced the same thing when selling bounty token, but fortunately after I let sell orders up to 2 days the tokens can sold, based on Coingecko LEDU has a low trust score, so I suggest you seem to wait or maybe withdraw your LEDU until there is an exchange other than DCoin
This should be the solution to this problem at the moment. Holding back your LEDU coins will save you the stress than another, a friend also told me about his undeal and was encouraged to hold his coins for another exchange listing of LEDU. Last year, I hold some coins supposedly to be sold on dcoin but were kept till the coins disappeared from radar; E3T.

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July 19, 2020, 10:24:06 PM
 #5

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

i think a lot of new exchangers using bots to create a fake volume and to show us if the exchange active in trading activity
and maybe not only a new exchange even a big exchange sometimes using a bots too (correct me if i'm wrong)

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July 19, 2020, 10:37:26 PM
 #6

Yes DCoin is completely Fake Volume, last year I also experienced the same thing when selling bounty token, but fortunately after I let sell orders up to 2 days the tokens can sold, based on Coingecko LEDU has a low trust score, so I suggest you seem to wait or maybe withdraw your LEDU until there is an exchange other than DCoin
It's not just about DCoin. LEDU coin itself is a poor token that most probably being a scam if it can only reach this DCoin fake exchange and having no volume at all in Mercatox. The chart in Coingecko shows the history of just the last two days, is it a new token?
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July 19, 2020, 10:46:27 PM
 #7

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
That means the bot was putting an instant order lower than your rate and the bot itself who has been buying such order. Sometimes the bot doesn't even need to do that as the transaction has been done automatically. this is a manipulation to make the market looks crowded and you can see based on the rate that has already putted into the sell order.

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July 19, 2020, 11:02:48 PM
 #8

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Others have explain it, you are being played here by bots. They are doing this to look like this LEDU has a lot of buyers though.

I only see DCOIN and Mercatox as the two exchanges that listed LEDU, and Mercatox has no volume itself. https://coinmarketcap.com/currencies/education-ecosystem/markets

The best thing to do is just HODL on it, not unless you really wanted to get rid of this coin in your wallet because it could be one shit coin as well.
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July 19, 2020, 11:07:59 PM
 #9

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Others have explain it, you are being played here by bots. They are doing this to look like this LEDU has a lot of buyers though.

I only see DCOIN and Mercatox as the two exchanges that listed LEDU, and Mercatox has no volume itself. https://coinmarketcap.com/currencies/education-ecosystem/markets

The best thing to do is just HODL on it, not unless you really wanted to get rid of this coin in your wallet because it could be one shit coin as well.

Based on the experience of OP, that's definitely a manipulation of the exchange itself, and no exchange should gained our trust if they are doing like that, I can't believe Dcoin with a total trading volume of $66,479,491 USD (https://coinmarketcap.com/exchanges/dcoin/) is faking, I'm wondering what percent is the real volume compared to the amount reported?

No wonder its rank is 101 despite of a high volume - https://coinmarketcap.com/rankings/exchanges/

Great job by Binance management, CMC has become more realistic now.

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July 20, 2020, 01:08:39 AM
 #10

Before you deposit, you should have checked tje liquidity of Ledu in Dcoin exchange. I have seen Dcoin to follow this technique long ago, they used to use fake volume. In fact most of the exchanges do. I do not know where Ledu is being traded but you should get one where there is enough liquidity.

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July 20, 2020, 02:37:46 AM
 #11

It must be a fake volume, we can find it in many exchanges of things like that, many exchanges now create fictitious volumes. I have also experienced a number of such problems on ProAsetz and Probit and this is very frustrating for us
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July 20, 2020, 02:38:52 AM
 #12

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
I'm a little confused by your explanation, maybe you should also add a screenshot in your thread.
But my advice, why don't you sell it using the current market rate. If it is not sold immediately, it can be ascertained that it is a fake volume.
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July 20, 2020, 04:01:56 AM
 #13

Yes, DCoin is fake volume, some as mercatox. I also have ledu token and so hard to sell it because that, i see order history on mercatox someone bought around 3K Ledu with lowest price, but in sell order section, my order was the lowest but not executeded. BTW ledu token is bad project, no demand in market, if always like this this project will scam

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July 20, 2020, 05:51:12 AM
 #14

Thanks everyone for helping me out. I'm now sure that LEDU is using fake volume and the market doesn't have any demand for the token. So, I think I should sell in the buying orders or have to hold those.
Leaving the thread for discussion for other members or may lock it if I see spamming.
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July 20, 2020, 06:25:08 AM
 #15

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Obviously it's a fake volume, I've seen many of these exchanges and I can't sell tokens there. That is why I do not want to use this small exchange market
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July 20, 2020, 06:53:06 AM
 #16

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Obviously it's a fake volume, I've seen many of these exchanges and I can't sell tokens there. That is why I do not want to use this small exchange market
I have experienced with this exchange site and you can sell based on the price that has already putted into the buy order, when you wanna try to put your order with your own price into the market and there was a small chance only your order will be filled.

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July 20, 2020, 06:57:16 AM
 #17


Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
well, the case is really very similar to what I feel when selling something on probit. however, there will always be people who buy at a lower price or sell at a price from a low order. Well, this will be felt when you want to sell your assets at a low price, you will realize the fake volume generated.
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July 20, 2020, 07:19:18 AM
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Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
well, the case is really very similar to what I feel when selling something on probit. however, there will always be people who buy at a lower price or sell at a price from a low order. Well, this will be felt when you want to sell your assets at a low price, you will realize the fake volume generated.

You will noticed it once you see those executed orders after your position, it's really annoying but that's reality from those small exchange, bot are being used to fake the movement while real time orders are not being executed. You don't have any other option than selling it from the other side and dumped your coin from the buy orders. Sad true or you can hope for the developers to completely make a good run and create barriers.
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July 20, 2020, 07:23:16 AM
 #19

Unfortunately, DCOIN is already on the same level as Vindax, P2PB2B, Probit, Exmarkets and other scam cryptocurrency exchanges, so I try not to visit these scam exchanges at all and not waste my nerves and my money, so I advise you to do the same.
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July 20, 2020, 10:03:31 AM
 #20

Unfortunately, DCOIN is already on the same level as Vindax, P2PB2B, Probit, Exmarkets and other scam cryptocurrency exchanges, so I try not to visit these scam exchanges at all and not waste my nerves and my money, so I advise you to do the same.
I also registered with that exchange hoping to sell my LEDU coin too navigating though that exchange I suspect that they truly faked their volume having realized the implication of losing my coin I have to abandon it, I believed its high time we began to know the true exchanges we needed to sell or buy coins else  an investor might possibly lose a lot of investment thank you for bringing other exchanges who also cultivate that habit to the notice of would-be investors.

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July 20, 2020, 10:10:37 AM
 #21

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Yes it's a possible that they used bots to have daily volume I also see many exchange doing it. Always check the orders in every exchange for depositing your balance and plan to sell it there .

The question is how come they can bought that coins that is lower than your bid is the exchange working the same as dex?

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July 20, 2020, 10:14:33 AM
 #22

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Maybe you should place a order less cheaper? There is not much volume for LEDU on Probit exchange, it's the reason I don't bother to join their bounty campaigns, there isn't much demand for that coin, just place a cheaper order and come back later

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July 20, 2020, 10:57:34 AM
 #23

That simply means that they are using bots to process or take orders that is set on their integrated buy order regardless the market spread. If you used market order it will be sold right away but there markets that dont have market order type based on the coin pairing. I experience selling also on exchange like that and no choice but to do manual bidding of orders. If you use limit order then goodluck, they will skipped your order like its not part of the market size orders.



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July 20, 2020, 11:05:25 AM
 #24

That simply means that they are using bots to process or take orders that is set on their integrated buy order regardless the market spread. If you used market order it will be sold right away but there markets that dont have market order type based on the coin pairing. I experience selling also on exchange like that and no choice but to do manual bidding of orders. If you use limit order then goodluck, they will skipped your order like its not part of the market size orders.

Bad exchange though, I think between the two exchanges which LEDU is listed, for me Mercatox is a better exchange, that's based on my experience, I have traded using this site many times before.

I was just wondering if there are exchange/s that has delisted LEDU already..pardon me, I didn't follow the project.

Just curious with its 24 hours trading volume last may 2018, where it reached almost $8 million per https://coinmarketcap.com/currencies/education-ecosystem/

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July 20, 2020, 11:09:19 AM
 #25

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Yes, some kind of exchanges like Dcoin, Bilaxy or even Probit have fake volume and their liquidity is very low. You will see the the traded history on the orderbook, but it's bot, and your order will remain there, because no one buy your tokens.
Small exchanges will at one point use fake volume, it's something anyone would do if they run a new crypto exchange, I still like Probit exchange than dcoin and bilaxy but I believe what's more important is the token utility itself, if it's good enough even small exchanges will have good trading volumes
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July 20, 2020, 11:11:11 AM
 #26

Never traded on DCoin but I agree I have seen similar practices in exchanges like coinbene, LAToken too. I think bot owners keep creating orders so they can force us to sell our token at a lower price maybe?

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July 20, 2020, 11:15:40 AM
 #27

I have used the Dcoin exchange several times to sell the generated token from the bounty but I have never found any obstacles to sell or order the tokens that I sell, but I don't if the LEDU token has something like this maybe someone else has experienced the same thing with you.

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July 20, 2020, 11:20:17 AM
 #28

With small exchanges like this, there will be a lot of bot trading, and I believe you will never sell the price you want, if you need to sell them immediately, you should sell them for  low orders
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July 20, 2020, 11:35:22 AM
 #29

It could be true because this small exchange tries to manipulate the market by wash trading plus when they have higher volume, they are attracting for new traders at first look Smiley.

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July 20, 2020, 11:39:40 AM
 #30

With small exchanges like this, there will be a lot of bot trading, and I believe you will never sell the price you want, if you need to sell them immediately, you should sell them for  low orders

It attracts traders in somewhat, not a  good practices from the exchange owners
as traders will be trapped inside.
Placing selling orders and seeing that your trade haven't got done even there are
already trades that being done.
Bot made the deal and it's annoys you while watching the movements. You have to
move on and if you are in a hurry accept the fact and sell it.

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July 20, 2020, 11:40:58 AM
 #31

Yes, most of coins/tokens in Dcoin is have fake volume, and that's why i never using Dcoin and Probit, this exchange is have low liquidity and fake volume / wash trading.
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July 20, 2020, 11:52:08 AM
 #32

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Can you have screenshot of your order and also what order type is available on the site. I'm not familiar in dcoin exchange but technically speaking. There is no way to skip order especially it's limit order. They will buy first the most lowest price. The history was a product of exchange bot market maker, they usually do wash trading by buying and selling the order they made themselves. This is illegal and most of the exchange that using this is a fraud.

I suggest that you move out your funds from that exchange right now. This is the first time to hear LEDU coin too. It is very to sell a coin without a demand. Just sell it at market price and move on.

Don't mind me | Just checking out here for Duelbits Promotion | Bitcoin 1M | Duelbits no 1
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July 20, 2020, 12:06:48 PM
 #33

Never traded on DCoin but I agree I have seen similar practices in exchanges like coinbene, LAToken too. I think bot owners keep creating orders so they can force us to sell our token at a lower price maybe?
The bots were trading it automatically. The bot didn't create an order in the market before it will be executing the transaction. I have experienced the same thing with latoken and some crap exchange sites too. That will force you to sell it on what price that already placed at the buy order.

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July 20, 2020, 01:21:00 PM
 #34

I have 15000 LEDU token to sell.

Looks like you are late in dumping this coin, based on its previous price or its ATH, the current price is only 10% of it, so you are just selling all you have to a small amount now. per CMC, the price is 0.00000051 BTC but per exchange, it's only 0.00000020128 as for sure with this huge buy order, it simply means this coin is already at a dump.

so if you will sell at that rate, you will only get BTC0.0030192 which is equivalent to 27.66 USD, very low but you can get your money right away than waiting for your sell order to be filled.

LOOK - https://www.dcoin.com/currencyTrading/LEDU_BTC


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July 20, 2020, 02:01:43 PM
 #35

I know that Dcoin, Probit, and Bibox (maybe many more) are exchanges that use a lot of bots so you have to sell at buy order prices. if you just place an order it will be difficult to sell

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July 20, 2020, 02:04:17 PM
 #36

I have 15000 LEDU token to sell.

Looks like you are late in dumping this coin, based on its previous price or its ATH, the current price is only 10% of it, so you are just selling all you have to a small amount now. per CMC, the price is 0.00000051 BTC but per exchange, it's only 0.00000020128 as for sure with this huge buy order, it simply means this coin is already at a dump.

so if you will sell at that rate, you will only get BTC0.0030192 which is equivalent to 27.66 USD, very low but you can get your money right away than waiting for your sell order to be filled.

LOOK - https://www.dcoin.com/currencyTrading/LEDU_BTC


I think that LEDU should look for another exchange to list their coins. however, I feel the same way. Well, this might be a reminder for other projects that are trying to register on Dcoin. however, if Dcoin is a good exchange, they will correct this.
God, why is the price so much different ? If we sell token for buy orders, we will surely lose 50% of the money we make. It is best to be patient or wait for better exchanges to be able to sell these tokens

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July 20, 2020, 02:04:22 PM
 #37

After reading the previous posts by different members here, it’s safe to say that you need to dump that shitcoin and get the hell out of there. It’s probably just to show that it’s trading. You better dump it fast, or that exchange could close the market pair with that.

Did you invest your BTC there to have that coin? If Yes, just accept the loss, if not, dump it and profit. Try market selling it if you decide to dump it.

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July 20, 2020, 02:15:28 PM
 #38

After reading the previous posts by different members here, it’s safe to say that you need to dump that shitcoin and get the hell out of there. It’s probably just to show that it’s trading. You better dump it fast, or that exchange could close the market pair with that.

Did you invest your BTC there to have that coin? If Yes, just accept the loss, if not, dump it and profit. Try market selling it if you decide to dump it.
I was a part of bounty campaign of LEDU but after finding out about the project, I've decided not to continue working with them now this proves to me that I make a good decision way back.

Fake volume it might also connected with the exchanges but if those tokens really doing this, then better to leave that market early as much as possible. Buying shitcoins using your bitcoin is not advisable at all, not unless you want big risk.
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July 20, 2020, 02:20:43 PM
 #39

DCoin is  not the only one doing that as we all know Yobit is very notorious on this, many sites with a lot of complaints are doing that, because they cannot attract new investors so they resort to using fake volume and pumping coins to make their exchange looks attractive and busy with trading.

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July 20, 2020, 04:05:17 PM
 #40

Its very common scenario mate most cryptocurrency exchange uses that trading bot to create a faked volume to look more attractive in the eyes of traders one of the many examples is the Bitforex same as Decoin and other small to the medium size exchange platform, they're using a bot to do fake buy and sell trading in there respective exchange platform thats why I stop doing trading in those crypto exchange so far only Binance exchange fill my needs in trading.
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July 20, 2020, 04:10:29 PM
 #41

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Thode are the boys buying and selling coins and they won't come in the order books as well, they only appear in the recent trades history and yes you can't sell your tokens to those bots. Your best option is to sell your coins to the highest bidder and nothing else. A lot of exchanges does this creation of fake volume to attract more people to use their exchange and when they realize that the volumes are fake, it is too late and they already have deposited their tokens on that exchange.

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July 20, 2020, 04:31:24 PM
 #42

Decoin has many bad reviews because of fake volume and fishy behavior.So it's better to go for another exchange which is not a new exchange and should have good reviews.Or you can wait for next exchange where it will be listed.
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July 20, 2020, 05:11:28 PM
 #43

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Unless you are dealing with a trusted exchange this is what should be expected, many exchanges fake their volume with the hope of bringing more clients to their platform but while this may work short term and they may deceive a person or two after people realize what it is happening they will immediately leave the platform for good, if you can get your tokens outside that exchange as I will not be surprised if they tried to keep them by trying to force you to go through KYC.
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July 20, 2020, 05:14:35 PM
 #44

It is a common problem for small exchanges in this market, they do not have too much liquidity, so they need to use bots to fake volume and attract investors. I have also been in your case, unable to sell tokens because no one actually bought those orders
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July 20, 2020, 05:55:17 PM
 #45

It is really annoying to witness those kinds of trading experience but that's the way things are on many exchanges, if I recall correctly Bilaxy, P2PB2B etc are on the same list with Dcoin. To clear your curiosity, yes they are using trading bots because there is no other explanation which suits what happened to you. I suggest you do this, if you really want to sell, no matter the price, then choose the created orders yourself, that is, cancel your order, then from the already created buy orders choose any, it will execute, continue that way until you are done.

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July 20, 2020, 07:53:35 PM
 #46

How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Hell yes those are fake volumes. Cheesy Cheesy And you can see those things in many shit exchanges like Exmarkets, Coinbits, p2pb2b, Probit and more. Sometimes i also try to sell some new coin in new exchange and that shit happen every time. People don't use those exchanges for real trade. Those exchanges just for shit coins. It's better be wait sometimes if your holding good coin so don't try to trade there otherwise you'll lose all of your asset.

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July 20, 2020, 08:11:14 PM
 #47

How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Hell yes those are fake volumes. Cheesy Cheesy And you can see those things in many shit exchanges like Exmarkets, Coinbits, p2pb2b, Probit and more.
All bot, you  only recognized it once you already dealing with this exchange, you are just trapped sending your tokens.

Sometimes i also try to sell some new coin in new exchange and that shit happen every time. People don't use those exchanges for real trade.
Mostly, those hunters and those who are into early stage of investment ends up selling coin even value is really low.

Those exchanges just for shit coins. It's better be wait sometimes if your holding good coin so don't try to trade there otherwise you'll lose all of your asset.
If you don't have any other choice and you are hurrying to liquidate those coin, it's your only option.

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July 20, 2020, 08:34:09 PM
 #48

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

This is the action of bots, low volume and low liquidity. I've had similar experience with dcoin exchange, idex, bilaxy, and even probit. These exchanges are known for fake volumes and wash trading, often atimes trade dosen't happen on certain market but their trading bots often record it in history and that's the reason why people don't use those exchange for mega trading as only low end projects seems to list on them
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July 20, 2020, 09:49:39 PM
 #49

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?
Alot of exchanges normally use bot to create fake trade volume, these happens in both old and new exchanges, Dcoin exchange is not an exception, and apart from the fake volume on Dcoin, on the other hand I heard Ledu is not a good token, even its trust score on coingecko is really poor:Smiley, I think you should stay away from such exchanges, try moving your coin to a more trusted exchange where there is high liquidity and real buyers.

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July 20, 2020, 10:20:56 PM
 #50

I have 15000 LEDU token to sell.

Looks like you are late in dumping this coin, based on its previous price or its ATH, the current price is only 10% of it, so you are just selling all you have to a small amount now. per CMC, the price is 0.00000051 BTC but per exchange, it's only 0.00000020128 as for sure with this huge buy order, it simply means this coin is already at a dump.

so if you will sell at that rate, you will only get BTC0.0030192 which is equivalent to 27.66 USD, very low but you can get your money right away than waiting for your sell order to be filled.

LOOK - https://www.dcoin.com/currencyTrading/LEDU_BTC


I think that LEDU should look for another exchange to list their coins.
Most small projects doesn't really look for a good exchanges, first, they can't afford it, 2nd they are not interested anymore as they already made money.
I don't know about LEDU but I think if they are a good team, they will just focus on the improvement of the project and just find a good exchange when the market starts to be bullish again, I think that's the right timing.

however, I feel the same way. Well, this might be a reminder for other projects that are trying to register on Dcoin. however, if Dcoin is a good exchange, they will correct this.

I don't want to judge the exchange as I have never used it before, but they are not a good example of exchange with good reputation the way I see it based on the previous posts.

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July 20, 2020, 10:29:36 PM
 #51

This is the risk of using unpopular exchanges, exchange like Dcoin has fake volume to attract users. So what you experience
when trading LEDU tokens there is no volume, there are trading transactions carried out by bots. So someone bought a lower
LEDU token than you, even though in the order book no one sells lower than you. Now you have to wait for LEDU to list on other
exchanges, which do have real volume.

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July 20, 2020, 10:38:58 PM
 #52

Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 

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July 20, 2020, 11:12:17 PM
 #53

Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
That depends on how much the demand for such coin. OP needs a lot of time to see his order to be executed while he was no only the participant who can dump the market and it's better for him to dump it before it was getting eaten by others.

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July 20, 2020, 11:18:24 PM
 #54

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Dcoin is knowm notoriously for there bots, fake volumes as well as wash trading across the entire crypto space and that's why people mostly avoind them and opt for good exchanges with good volume and liquidity only shit projects list on Dcoin. There are other exchange with similar bot activities amd wash trading such as P2pB2b, idex and bilaxy. My advice is you should stay as much far away from those exchanges

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July 20, 2020, 11:49:27 PM
 #55

Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
That depends on how much the demand for such coin. OP needs a lot of time to see his order to be executed while he was no only the participant who can dump the market and it's better for him to dump it before it was getting eaten by others.
well the price movement of cryptocurrency is only dependent on demand meaning when there are no buyers the price will not go up therefore the developer must try very hard to be able to raise the price possible by providing updates and providing venets that can trigger people to buy and do full support on the platform that is being worked on, so wait until the price rises and you can get a lot of profit.
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July 20, 2020, 11:51:48 PM
 #56

Sorry but don/t you think tou are already dumping the tokens you just earned from the bounty. it is your reward but that is too quick to dump immediately you got your rewards.
i do use dcoin exchange and all my trades are been executed already immidattely but that does not buttress the fact that the exchange allows bot trading. 
That depends on how much the demand for such coin. OP needs a lot of time to see his order to be executed while he was no only the participant who can dump the market and it's better for him to dump it before it was getting eaten by others.
well the price movement of cryptocurrency is only dependent on demand meaning when there are no buyers the price will not go up therefore the developer must try very hard to be able to raise the price possible by providing updates and providing venets that can trigger people to buy and do full support on the platform that is being worked on, so wait until the price rises and you can get a lot of profit.

And also, for me, there's no nothing wrong if the bounty hunter wants to get rid of his share. As we all know, most rewards go worthless if you haven't discarded it at the beginning of trading. So better sell it in the market while there is still value, rather than wait for nothing.
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July 20, 2020, 11:55:13 PM
 #57

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

It also made me wander why this coin wasn't able to obtain a good volume, despite of having been listed at coinmarketcap. Looking for an explanation, maybe it's better to seek attention from those forum members who are part of this project campaign. What we can contribute to this topic was only ideas and reactions for the visible aspects of this token.
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July 21, 2020, 12:49:20 AM
 #58

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

They are and you can expect that to lowly exchange they pump volume to make them looks good in the eyes of traders and developers, but no mistake about it they are using fake bots to boost their volume, who would want to trade on an exchange with no activity, your suspicious is right.

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July 21, 2020, 01:53:37 AM
 #59

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

Sorry buddy for your experienced in that matter. Next time you used exchange make sure it is one of the top in the market.
Does LEDU don't have any other exchange options to trade for? But as long as you can sell your coin's there do it! before the volume
will be gone.
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July 21, 2020, 03:04:36 AM
 #60



Sorry buddy for your experienced in that matter. Next time you used exchange make sure it is one of the top in the market.
Does LEDU don't have any other exchange options to trade for? But as long as you can sell your coin's there do it! before the volume
will be gone.

Holders who are trading in lowly rated exchange should have something to worry, once the exchange is gone or they have no liquidity because low rated exchange can hardly attract traders, then you are at a loss and you will have to wait for a new exchange to come along and pray that it will not take long.
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July 21, 2020, 06:49:43 AM
 #61

Sounds like they really using bots or they faking the volume.
Probably both.

Dcoin seems a new exchange so no doubt if they use fake volume just to gain traders with their new exchange.

They are not a new exchange, I research about the site and here's the information that tells they are not new.

https://www.cryptowisser.com/exchange/dcoin-exchange/

Quote
The Dcoin Exchange launched in May 2018 so has only been around for a little bit less than two year. In spite of that, Dcoin Exchange has incredibly trading volumes. On the date of first writing this review, 28 June 2019, Dcoin Exchange had a 24 hour trading volume of USD 1.294 billion.

I never thought they reach over 1 billion USD in volume, the question is, was that volume real or just fake? you probably know the answer guys.

and this one too. Look at the team behind.

Quote
The team behind the Dcoin Exchange apparently, according to information on its website, consists of people from prominent tech companies such as Google, Baidu, 360 and “other world renowned IT companies”.

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July 21, 2020, 10:25:44 AM
 #62

Sounds like they really using bots or they faking the volume. Dcoin seems a new exchange so no doubt if they use fake volume just to gain traders with their new exchange.
I have never heard of this exchange, and we have thousands of such bullshit exchanges in this market. They will use bots to create fake transactions to increase volume, even large exchanges such as Bitforex, Bilaxy, etc... it also happens often
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July 21, 2020, 11:03:21 AM
 #63

When will fake volumes stop being an issue with most exchanges, I had a similar issue like OP on P2PB2B. Whereby, I set lowest sell order but on history, I see orders being picked above my sell order with timestamp ahead of mine. That's insane, this is the more reason why I avoid all these exchanges with low trading volumes. Worst is when you try to withdraw your tokens seeing the fake volumes, withdrawal fees are usually terrible. Let's be guided and stick to reputable exchanges only.

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July 21, 2020, 04:26:54 PM
 #64

Sounds like they really using bots or they faking the volume. Dcoin seems a new exchange so no doubt if they use fake volume just to gain traders with their new exchange.
I have never heard of this exchange, and we have thousands of such bullshit exchanges in this market. They will use bots to create fake transactions to increase volume, even large exchanges such as Bitforex, Bilaxy, etc... it also happens often
Binance was also using the bot too but when the exchange site was using it for the good purpose and then it could be a good thing. Dcoin is a very bad exchange site but it's not so bad as a verified scam exchange site like p2p and coinsbit.

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July 21, 2020, 05:12:52 PM
 #65

Dcoin isn't the culprit here, it's LEDU, the project failed to attract investors that's why it has no good buy orders on dcoin, I've trade many times on Dcoin exchange and it's better than many low exchanges in crypto space, you can't expect dcoin to start buying LEDU coins themselves

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July 21, 2020, 05:14:35 PM
 #66

In this space there are lots of exchange available. And very few of them runs the trading in a good way. I also experienced the same thing. But in another exchange called cat.ex .I deposited my coin try to sell it. But then I realised something is wrong and then try to find it. And realised that they it's impossible to sell coins in that exchange. If I I have to sell it there I have to sell it in half price. Plus this type of exchange has high withdraw fees also. There are lots of example. Just check the exchange before deposit. And be careful.

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July 21, 2020, 05:47:32 PM
 #67

I see many similar exchanges, using lots of bot trading and making it difficult for us to sell our tokens. It will happen if those altcoins have no volume
Same campaign is been hunted by the promoters, dcoin is not good cryptocurrency exchange and should be shown to other exchange. They have been using the bot, that's why I hate the said cryptocurrency exchange, those who want to sell their tokens or coins should sell at the exact price to be a safer side.

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July 21, 2020, 06:33:42 PM
 #68

I see many similar exchanges, using lots of bot trading and making it difficult for us to sell our tokens. It will happen if those altcoins have no volume

It is not a trading bot possibly, the exchange is faking volume.  The evidence is the bypassed trade order of OP.   If it was a bot, then surely OP's trade order would be fulfilled since the history shown that it completes transaction on the wall behind OP's trade order. 


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July 21, 2020, 06:43:30 PM
 #69

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?

Many exchange use bots to show more volume. Seeing this volume, those who go to trade on their exchange, they understand that these volumes are fake. Like you, I have once experienced trading on an exchange. Every time I ordered a sell order on that exchange, the bot had to buy coins at a lower price than me. The most interesting thing was that the orders were being bought before they came in the order book! I was surprised to see their fake buy /sell.

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July 21, 2020, 07:07:57 PM
 #70

Bro this is not something surprising,  that coin does not have any demand so nobody is buying it, this is the only way to make it look as if anyone is buying, but the real truth is bit is helping them to keep volume, this project is not is not very popular and I can see they have bounty running to create more attention.
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July 21, 2020, 07:14:16 PM
 #71

Yes they are generating fake volume by using bot. Dcoin, Bilaxy and many others exchangers show this type of fake buy sell history. Your set order will never filled. If you want to sell your coin you have to sell it directly.

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July 21, 2020, 07:19:00 PM
 #72

It's bot work, yes dcoin fake volume and ongoing many exchange has fake volume look probit, coinsbit, P2PB, vindex etc. Why we wanna trust fake exchange volume. If really you want real exchange then keep top exchange like binance, kucoin, hitbtc, okex, biki, etc.

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July 21, 2020, 07:27:43 PM
 #73



Sorry buddy for your experienced in that matter. Next time you used exchange make sure it is one of the top in the market.
Does LEDU don't have any other exchange options to trade for? But as long as you can sell your coin's there do it! before the volume
will be gone.

LEDU is also listed on Marcatox which is another fake volume exchanger. But there is the volume of LEDU is 0 USD. That's why I tried to sell me tokens on dcoin. For the current price will get only 20$. I may sell those at this price because I don't think it will go up than this.
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July 21, 2020, 09:44:58 PM
 #74



Sorry buddy for your experienced in that matter. Next time you used exchange make sure it is one of the top in the market.
Does LEDU don't have any other exchange options to trade for? But as long as you can sell your coin's there do it! before the volume
will be gone.

LEDU is also listed on Marcatox which is another fake volume exchanger. But there is the volume of LEDU is 0 USD. That's why I tried to sell me tokens on dcoin. For the current price will get only 20$. I may sell those at this price because I don't think it will go up than this.
As advise by forum members, dumping the shitcoin will be the best for you, as you have already lost out of the profit zone. This has been my lessons: holding tokens for a longer time always results to huge lose than usual. $20 will be good for a dump than wasting your entire life or years holding that shits called LEDU.

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July 21, 2020, 09:50:14 PM
 #75

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

The only reasonable explanation to your ordeal is that Dcoin is shitty exchange filled with bots, they are known for wash trading, fake volumes and any sort of trade manipulation you could think of. Only shit projects chose them and that's why traders always tried to avoid using it. I suggest you should more credible exchanges if your coin is listed on any

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July 21, 2020, 11:21:23 PM
 #76

I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??

Can anyone explain?

The only reasonable explanation to your ordeal is that Dcoin is shitty exchange filled with bots, they are known for wash trading, fake volumes and any sort of trade manipulation you could think of. Only shit projects chose them and that's why traders always tried to avoid using it. I suggest you should more credible exchanges if your coin is listed on any
His coin is only getting listed on dcoin and he has no choice to use another exchange site. I guess when someone has another option and he will be moving to use a better exchange site but the reality he can't use it dude.

 
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July 21, 2020, 11:37:59 PM
 #77

You should take a video of this happening, then send it to Coinmarketcap and Coingecko so they can get delisted.

Exchanges like this shouldn't have any users, and most people don't notice these underhand tactics to fake their volume.

I personally only use exchanges that have got at least $10 million in genuine trade volume across the entire platform, any evidence of wash trading and I'm out like a light.

Dcoin is definitely an absolute shit exchange, try a DEX or something instead.
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July 22, 2020, 12:00:03 AM
 #78

LEDU is also listed on Marcatox which is another fake volume exchanger. But there is the volume of LEDU is 0 USD. That's why I tried to sell me tokens on dcoin. For the current price will get only 20$. I may sell those at this price because I don't think it will go up than this.
As advise by forum members, dumping the shitcoin will be the best for you, as you have already lost out of the profit zone. This has been my lessons: holding tokens for a longer time always results to huge lose than usual. $20 will be good for a dump than wasting your entire life or years holding that shits called LEDU.
if indeed the coin has continued to decline in price it doesn't hurt to sell it immediately, because if left alone it will be even more detrimental, but is there no recent update regarding the new exchange from their team? if there is no immediately sell it, do not hold too long
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July 22, 2020, 01:20:27 AM
 #79

LEDU is also listed on Marcatox which is another fake volume exchanger. But there is the volume of LEDU is 0 USD. That's why I tried to sell me tokens on dcoin. For the current price will get only 20$. I may sell those at this price because I don't think it will go up than this.
As advise by forum members, dumping the shitcoin will be the best for you, as you have already lost out of the profit zone. This has been my lessons: holding tokens for a longer time always results to huge lose than usual. $20 will be good for a dump than wasting your entire life or years holding that shits called LEDU.
if indeed the coin has continued to decline in price it doesn't hurt to sell it immediately, because if left alone it will be even more detrimental, but is there no recent update regarding the new exchange from their team? if there is no immediately sell it, do not hold too long
It's better for him to get a small reward rather than zero reward. This coin has no buy order and it can be dumped to the bottom price anytime.
The creator of this thread must think about the possibility for him to get nothing from his coin. The development of ledu team is very slow.

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July 22, 2020, 03:17:59 AM
 #80

In term of exchange volume i only trust Binance, Huobi and KuCoin. Shit exchanges fake 24h volume up to hundred millions but can't fill an order which worth only hundred dollars.

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July 22, 2020, 04:31:06 AM
 #81

That's wash trading, literally every cex does that. Your best bet to sell is via market order, you might not get the rate you were looking for but you will be able sell.

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July 22, 2020, 05:28:55 AM
 #82

In term of exchange volume i only trust Binance, Huobi and KuCoin. Shit exchanges fake 24h volume up to hundred millions but can't fill an order which worth only hundred dollars.
Here is very true lots of shit exchange doing submit fake volume statements even i want called this scamming management. I see some shit exchange volume always increasing in one day but few hours later all volume delete. It's like called a trying to play games.

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July 22, 2020, 06:26:53 AM
 #83

Explain? What other explanation than, Dcoin is an example of a shit exchange, and exchanges like that are known to leverage highly on bots; that is the explanation which I can muster up. If you look more closely and maybe you are someone who might have traded on P2PB2B, you will understand they are same. So I think you will have to look for another exchange the token is listed on and if there is none then try as much as possible to sell; this is also the reason I do not trust most projects listing on exchanges like that one.
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July 22, 2020, 06:34:14 AM
 #84

Explain? What other explanation than, Dcoin is an example of a shit exchange, and exchanges like that are known to leverage highly on trading bots; that is the explanation which I can muster up. If you look more closely and maybe you are someone who might have traded on P2PB2B, you will understand they are same. So I think you will have to look for another exchange the token is listed on and if there is none then try as much as possible to sell; this is also the reason I do not trust most projects listing on exchanges like that one.

how can he possibly sell it if the coin isnt listed else where aside from dcoin  . no one will accept the coin at any cost   . thats also the reason why he ended up on there  .  its okay if he got the coins for free but investing on a kind of these coins are sick  .  id rather buy coins if they are listed on more than one exchange but only to the exchange that is well known or to the ones that  i know   .  the coin ledu and its exchange is definetly new to my eyes so its no surprise that sh8t can always happen to them
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July 22, 2020, 06:34:38 AM
 #85

If a coin don't have good demand it won't do very well on small exchanges, bot trading will be needed to make things look a bit better, don't judge exchanges because of this, you would understand better if you running one, Dcoin exchange is still fair enough
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July 22, 2020, 08:08:56 AM
 #86

Explain? What other explanation than, Dcoin is an example of a shit exchange, and exchanges like that are known to leverage highly on bots; that is the explanation which I can muster up. If you look more closely and maybe you are someone who might have traded on P2PB2B, you will understand they are same. So I think you will have to look for another exchange the token is listed on and if there is none then try as much as possible to sell; this is also the reason I do not trust most projects listing on exchanges like that one.
They have to run bots to increase trading volume to attract users.
Do not say they are a shit exchange if they do not cheat you for anything.
Right now, not only small exchange sites, the big exchange sites are running bots, do you know it?
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July 22, 2020, 08:25:40 AM
 #87

Will be hard to understand for those who aren't very familiar with exchanges or how exchanges run, using not doesn't mean exchange is scam, for projects that aren't demanding or have very low volume bots will surely be needed, I can't see any bad review about dcoin, that exchange is clean.

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July 22, 2020, 08:52:09 AM
 #88

That's wash trading, literally every cex does that. Your best bet to sell is via market order, you might not get the rate you were looking for but you will be able sell.

This is a very good solution for you OP, if you can cut loss and move on from the token; this is a very good way. Last time i checked ledu, there bounty reward in $ is greater than their trading volume on Dcoin; the projects hype are not enough to sustain it on the long run. And i am very sure the bot trades less than 1000 ledu token lol
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July 22, 2020, 09:18:17 AM
Merited by RabbiTANK (5)
 #89

Unfortunately, DCOIN is already on the same level as Vindax, P2PB2B, Probit, Exmarkets and other scam cryptocurrency exchanges, so I try not to visit these scam exchanges at all and not waste my nerves and my money, so I advise you to do the same.
No you can't compare these exchanges like that, there is different because I've used all before

Total bad exchanges are
1. P2PB2B exchange
2. Exmarket
3. Vindax
4. Latoken

Total mediocre exchanges are
1. Probit
2. Bitforex
3. Dcoin

There is slight difference between these two examples I gave here, Probit, bitforex and dcoin are still fair enough, better than p2pb2b, exmarket, vindax and Latoken

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July 22, 2020, 09:40:27 AM
 #90

There are exchanges that have trading bots to create volume, especially with a low volume coin. It's not just small trading platforms who have a bot, even big platforms have it to create volume and attract users. Most users here had named out some of the exchanges you need to keep away from.
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July 22, 2020, 09:49:50 AM
 #91

LEDU is also listed on Marcatox which is another fake volume exchanger. But there is the volume of LEDU is 0 USD. That's why I tried to sell me tokens on dcoin. For the current price will get only 20$. I may sell those at this price because I don't think it will go up than this.
As advise by forum members, dumping the shitcoin will be the best for you, as you have already lost out of the profit zone. This has been my lessons: holding tokens for a longer time always results to huge lose than usual. $20 will be good for a dump than wasting your entire life or years holding that shits called LEDU.
if indeed the coin has continued to decline in price it doesn't hurt to sell it immediately, because if left alone it will be even more detrimental, but is there no recent update regarding the new exchange from their team? if there is no immediately sell it, do not hold too long
I have be a victim mate, sometimes last year 2019 I invested into a project on this forum and they got listed on Dcoin cryptocurrency exchange, the coin wasn't doing well and I hold and hope for a good day, but unfortunately the coin went down and am still holding the remains without hope of getting back even $1. At the beginning it was $10, let OP sell-off this shit or hold forever; I guess. The project was E3T

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July 22, 2020, 09:53:15 AM
 #92

In term of exchange volume i only trust Binance, Huobi and KuCoin. Shit exchanges fake 24h volume up to hundred millions but can't fill an order which worth only hundred dollars.
Yes, small exchanges have huge volumes but we cannot sell altcoins at the price we want because they are bot transactions. Just use the leading exchange in the market and have many users, I believe this problem will be solved.

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July 24, 2020, 09:38:08 PM
 #93

It's actually happening on many exchanges but I think it's some top exchanges that doesn't do bot trading. If you place order always hope it gets picked even when one place market order there's always issue with such bots.  Only few exchanges doesn't do bot trading but some exchange bot trading is annoying. While some are manageable.

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July 27, 2020, 07:45:18 PM
 #94

It is a common problem for small exchanges in this market, they do not have too much liquidity, so they need to use bots to fake volume and attract investors. I have also been in your case, unable to sell tokens because no one actually bought those orders
But this is incredibly dishonest don’t you think? What I mean is that one of the most important metrics people use when trying to decide which exchange to use is the volume they have as that means you can sell your coins easily, if this is not true and they are faking their volume then they are in essence scamming their customers and any exchange that follows this practice must be condemned and exposed for what they are as it is simply unacceptable to fake those numbers to deceive people into depositing their coins with them.
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July 27, 2020, 08:09:25 PM
 #95

Dcoin is an underrated shit exchange! Most of their volume is fake, like Bitforex! Last year I created an account on Dcoin to sell my SSX coin, and I faced the same problem as you! The same thing happened in Bitforex with Myo coin! I think LEDU coin is listed on other exchanges, too; you can try there instead of Dcoin! Because the team or the exchange bot are only buying their sell orders, it means absolute fake volume!   

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July 27, 2020, 09:02:31 PM
Last edit: July 27, 2020, 09:21:31 PM by flagpara
 #96

Dcoin is an underrated shit exchange! Most of their volume is fake, like Bitforex! Last year I created an account on Dcoin to sell my SSX coin, and I faced the same problem as you! The same thing happened in Bitforex with Myo coin! I think LEDU coin is listed on other exchanges, too; you can try there instead of Dcoin! Because the team or the exchange bot are only buying their sell orders, it means absolute fake volume!  
The new exchange has a very fake volume the same as Dcoin. Today LEDO token volume is only 15K USD even mercatox isn't goon. Bitforex is a good exchange but after the launch Adab exchange. Bitforex exchange IEO should ignore, if new projects are less interesting. Once the trading volume was good for Dcoin tokens, right advice, you should wait to sell Ledu token

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July 27, 2020, 09:11:27 PM
 #97

Dcoin is a bad exchange, of course it is a bot and certainly the volume there is fake. don't believe in exchanges like that, it's better to keep using top exchanges
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July 27, 2020, 11:33:42 PM
 #98

Dcoin is a bad exchange, of course it is a bot and certainly the volume there is fake. don't believe in exchanges like that, it's better to keep using top exchanges
He has no choice and he can only sell his coin on that place and do you know that? what he can do to sell it at the order price and he can't put his own order caused by it will never be sold out as there was no volume on dcoin.

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August 07, 2020, 07:36:21 PM
 #99

In this crypto space there are lots off exchanges available m and few of them are ligit like 13-15 of them. Most of the exchanges somehow fake details. Like increase volume, or extra withdraw fees, banning account , no service. Few months ago I realised the same thing. I try to sell something on a exchange called cat.ex or something and after some time I realised the volume is fully fake and they are using bots. After that I don't h for any small exchange. Cause if somehow my asset got blocked that would be a big problem.

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August 07, 2020, 10:32:48 PM
 #100

Quite possibly. The coin exchange is known for its fake volumes for completely different coins. I had to deal with her several times, each time I was faced with problems associated with strange order behavior.
When I tried to sell, my order always fell below the price I needed, while the trades were very active, but with the same periodicity in time and small amounts.


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August 07, 2020, 11:21:27 PM
 #101

Quite possibly. The coin exchange is known for its fake volumes for completely different coins. I had to deal with her several times, each time I was faced with problems associated with strange order behavior.
When I tried to sell, my order always fell below the price I needed, while the trades were very active, but with the same periodicity in time and small amounts.



What do you expect, the bot are also doing similar things to every coins, they wanted to attract traders to send them the coins
and afterwards those traders will find out that it's a fake volumes and movements,.

They will ends up losing by selling to much cheaper value or withdrawn their
coins paying the transaction fees.

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August 07, 2020, 11:44:32 PM
 #102

Yes DCoin is completely Fake Volume, last year I also experienced the same thing when selling bounty token, but fortunately after I let sell orders up to 2 days the tokens can sold, based on Coingecko LEDU has a low trust score, so I suggest you seem to wait or maybe withdraw your LEDU until there is an exchange other than DCoin
This should be the solution to this problem at the moment. Holding back your LEDU coins will save you the stress than another, a friend also told me about his undeal and was encouraged to hold his coins for another exchange listing of LEDU. Last year, I hold some coins supposedly to be sold on dcoin but were kept till the coins disappeared from radar; E3T.
Did you mean it that E3T disappeared, this is a great lesson although, I sold my E3T as early as the coin got listed on dcoin but was a hard work, order wasn't executed until I immediately picked up one of the low buy order.
Dcoin exchange is not a good one as they uses bot in confusing traders while nothing is really going on in the trade history, never panic of you experience same complains again, what would be better is transfer back your ledu to wallet for future listings on good exchange. 
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August 08, 2020, 06:42:44 AM
 #103

Yes DCoin is completely Fake Volume, last year I also experienced the same thing when selling bounty token, but fortunately after I let sell orders up to 2 days the tokens can sold, based on Coingecko LEDU has a low trust score, so I suggest you seem to wait or maybe withdraw your LEDU until there is an exchange other than DCoin
This should be the solution to this problem at the moment. Holding back your LEDU coins will save you the stress than another, a friend also told me about his undeal and was encouraged to hold his coins for another exchange listing of LEDU. Last year, I hold some coins supposedly to be sold on dcoin but were kept till the coins disappeared from radar; E3T.
Did you mean it that E3T disappeared, this is a great lesson although, I sold my E3T as early as the coin got listed on dcoin but was a hard work, order wasn't executed until I immediately picked up one of the low buy order.
Dcoin exchange is not a good one as they uses bot in confusing traders while nothing is really going on in the trade history, never panic of you experience same complains again, what would be better is transfer back your ledu to wallet for future listings on good exchange. 
E3T project was overhyped, not good enough and the team aren't really blockchain experts so I don't expect anything good from them, I joined their Airdrop last year and I'm glad I sold off while I can, Dcoin isn't to be blame for this because the project lacks what it takes to be more demanding in the market

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August 08, 2020, 06:51:58 AM
 #104

Guys from LEDU team already scammed Murat the bounty manager who was managing the campaign for them. So, I guess for now be bit careful trading LEDU.

https://bitcointalk.org/index.php?topic=5253674.msg54897453#msg54897453






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August 08, 2020, 04:00:06 PM
 #105

Yes DCoin is completely Fake Volume, last year I also experienced the same thing when selling bounty token, but fortunately after I let sell orders up to 2 days the tokens can sold, based on Coingecko LEDU has a low trust score, so I suggest you seem to wait or maybe withdraw your LEDU until there is an exchange other than DCoin
It's not just about DCoin. LEDU coin itself is a poor token that most probably being a scam if it can only reach this DCoin fake exchange and having no volume at all in Mercatox. The chart in Coingecko shows the history of just the last two days, is it a new token?
Yeah, LEDU is probably is a scam project, I saw in LEDU bounty that it is tag by BM itself as scam, plus it being listed in a shitty exchange like DCoin so expect some malicious activtiies going around it. But to be sure try contacting the support in order to clarrify the issue.
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August 08, 2020, 04:51:17 PM
 #106

Yeah Dcoin is one of the exchanges that is trying to improve their rating/visibility with fake volume.
Another Exchange that does that which i haven't read in this thread yet is Citex.
Almost everyday at the same time the fake trade happen and the volume rises like crazy, but when you look at the order books, then they very thin.
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August 08, 2020, 06:41:33 PM
 #107

Guys from LEDU team already scammed Murat the bounty manager who was managing the campaign for them. So, I guess for now be bit careful trading LEDU.

https://bitcointalk.org/index.php?topic=5253674.msg54897453#msg54897453
Atleast the campaign manger dare to announce it publicly so people will no more advertise their scam projects.He said tokens will be issued which means the token is already listed on different exchange or on the only exchange mentioned by OP?









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August 08, 2020, 08:53:29 PM
 #108

Bot, bot and bot...
Oh shit,
I was quite worried when trading my assets in the "ghost market".
first, worry if i can't wd my money,
second about vulnerable security,
the third is about "bot" trading to increase fake volume. and other things that in my opinion are not profitable.
I better trade my assets in markets like Binance, Kucoin, OKEX, it is safer.
How about you?

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August 08, 2020, 09:04:56 PM
 #109

I hope you got your tokens by bounty and not purchased, irrespective of how free or cheap a coin gets to you, exchange listed should be considered. Immediately I saw dcoin as the only exchange the coin lost its value. There are alot of terrible exchanges now, they got no good coins, list some coin unofficially and try to attract traders with some fake volume and wash trading. Some will even hold on to your coin if moved there
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August 09, 2020, 02:58:31 PM
 #110

I have 15000 LEDU token to sell.

What are LEDU tokens used for? Why would people need to buy them?  If they have no use case then they are worth nothing and no one will buy them. Except people that will be scammed and will fall on a hype.
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August 09, 2020, 03:22:57 PM
 #111

Bot, bot and bot...
Oh shit,
I was quite worried when trading my assets in the "ghost market".
first, worry if i can't wd my money,
second about vulnerable security,
the third is about "bot" trading to increase fake volume. and other things that in my opinion are not profitable.
I better trade my assets in markets like Binance, Kucoin, OKEX, it is safer.
How about you?
Those exchange that you just mention are more susceptible to hacks, that doesn't mean their security isn't good it's just more money for hackers if they successfully hacked into their systems.
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