Trying to Sell LEDU on Dcoin!! Fake Volume?

[Akiko]

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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[Greatdev]

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

[minairia3]

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.

[Botnake]

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/

[Towerbreeze]

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

[studio1one]

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?

[Fesatmas]

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.

[LazerPanther]

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

[timmmers]

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 .

[rodskee]

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.

[Angemas]

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.

[TGD]

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.

[Westfiled]

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.

[Finestream]

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

[josgandosbro]

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

[FairUser]

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

[crwth]

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.

[crzy]

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.

[pilosopotasyo]

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.

[masterrex]

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.