Trying to Sell LEDU on Dcoin!! Fake Volume?

[Finestream]

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/

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.

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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[kaseygriffin]

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

[Bananington]

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.

[Westfiled]

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.

[Synerggy]

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

[Alohadanc3]

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.

[Oyarebu]

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.

[serjent05]

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. 

[ScamViruS]

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.

[Mulann2]

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.

[Em00n01]

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.

[Tomcolor]

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.

[Fatemablabla]

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.

[Becky666]

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.

[Etsu]

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

[marks1976]

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.

[DarkDays]

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.

[ahyadinnn]

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

[asriloni]

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.

[Python Master]

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.