LAtoken - exchange or gambling?

[Beparanf]

I have been trying out Latoken exchange for a last few weeks and guess what you will find coins pumping 1000% from $1 to $1000 and eventually dropping down to $0.001 within few days. I had invested into Arbismart which had good market cap and I bought this coin for $120 and within a week it dropped down to $0.5 and now it's trading at $0.6. i have lost capital in other three coins as well in this exchange I know it's my fault that I invested without much research but most of the coins have made people either a millionaire or a bankrupt overnight. I believe there is a some high level of manipulation happening with this exchange. What's your thought on this?

You simply didn't know how early listing works. Newly list coins usually pump for a couple of days since its the only time you can buy coin very cheap considering the coin launch IEO on Latoken. Then it will dramatically drop below the initial price when the price reach the stagnant part where no one is already buying to push the price upwards. This is the important cycle which newbie traders didn't know and just do impulse trading due to FOMO. Its a common cycle on crypto which is same to ponzi scheme.

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[Fivestar4everMVP]

I have been trying out Latoken exchange for a last few weeks and guess what you will find coins pumping 1000% from $1 to $1000 and eventually dropping down to $0.001 within few days. I had invested into Arbismart which had good market cap and I bought this coin for $120 and within a week it dropped down to $0.5 and now it's trading at $0.6. i have lost capital in other three coins as well in this exchange I know it's my fault that I invested without much research but most of the coins have made people either a millionaire or a bankrupt overnight. I believe there is a some high level of manipulation happening with this exchange. What's your thought on this?

Latoken is not an exchange to me, they are thieves disguised as an exchange to rob people off their hard earned money, latoken used to be one of my best exchanges until they totally changed, withdrawal fees are very high, trading fees are very high, they even take deposit fees, what exchange that wants customers take deposit fees and still take withdrawal fees from their customers? No new project that lists on latoken as it's first centralized exchange ever succeeds, that's why the exchange full of shitcoins with bots trading against each other, no real liquidity.
If you don't want to have regrets like the op, stay away from latoken, latoken is a real bad news to crypto currency space.

[LastKiss]

I have been trying out Latoken exchange for a last few weeks and guess what you will find coins pumping 1000% from $1 to $1000 and eventually dropping down to $0.001 within few days. I had invested into Arbismart which had good market cap and I bought this coin for $120 and within a week it dropped down to $0.5 and now it's trading at $0.6. i have lost capital in other three coins as well in this exchange I know it's my fault that I invested without much research but most of the coins have made people either a millionaire or a bankrupt overnight. I believe there is a some high level of manipulation happening with this exchange. What's your thought on this?

Well price manipulation is not only happening in LATOKEN because I saw some trash coins get pumped 500%++ in other exchanges too and dropped more from the gains. In my opinion it's not the exchange fault but there's some pump group that manipulate it when new people see the huge gain they will invest in there and the group who did it will sell their holding to get profit from it

[Oneandpure]

Not sure with LAtoken exchange because this market always make new coin listing price dump, but with withdrawing and deposit as process faster, ever I withdraw and deposit coin received from bounty campaign credit without 5 minutes, withdrawing only few minutes for completed.
But I dislike from Latoken exchange because not safety for new coin listing, looks have working each other between developer coin and Latoken how to make price dump drastically although few hours after listing.

[StarKay]

I have been trying out Latoken exchange for a last few weeks and guess what you will find coins pumping 1000% from $1 to $1000 and eventually dropping down to $0.001 within few days. I had invested into Arbismart which had good market cap and I bought this coin for $120 and within a week it dropped down to $0.5 and now it's trading at $0.6. i have lost capital in other three coins as well in this exchange I know it's my fault that I invested without much research but most of the coins have made people either a millionaire or a bankrupt overnight. I believe there is a some high level of manipulation happening with this exchange. What's your thought on this?

I have been using LAToken for years now and I can tell you that i have had a good experience maybe because it is not my primary trading platform, I just go there to sell some coins and withdraw it ASAP.
Regarding what happened to you, I will tell you that it is not unique to LAToken but can also happen on other exchanges and even the big ones. And there responses is usually that exchanges are not responsible for buyer's trading decisions i.e. they don't give investment advise.
You already said you've learnt your lessons and I hope you keep to it.

[ethereumhunter]

LAtoken is an exchange like the other exchange. But I do not know about the listing of the new coins. But I think it is normal if you see the price can increase so high in the first time of the listing but then the price suddenly drops too deep. It is happens with many coins so it is no surprise at all. You have your lesson not to buy the new coin at the exchange because you risk your money because the price can back to the lowest price and will not increase back to the last highest price.

[crwth]

Sadly, that kind of scheme victimized you. That rug pulls that most of the newcomers come encounters and, of course, with the FOMO that everyone feels when they have achieved something incredible at the start. I'm curious about how much the coin reached? Like from the $120 you have, what is the ATH of that coin? Maybe if you try it again, once you have seen profit with the currency itself, you should go out as fast as possible and wait for the market to dump again.

I think that there is manipulation and the people who are benefitting it are the ones who created it and who have a lot of coins for it. I think that's one of the most essential and crucial things on a project. The people behind it and knowing that they will dump on you or stay for a long time.

[Renampun]

LAtoken is an exchange like the other exchange. But I do not know about the listing of the new coins. But I think it is normal if you see the price can increase so high in the first time of the listing but then the price suddenly drops too deep. It is happens with many coins so it is no surprise at all. You have your lesson not to buy the new coin at the exchange because you risk your money because the price can back to the lowest price and will not increase back to the last highest price.

I don't know how Latoken selects tokens that will be listed on their exchange, it looks like a lot of them are trash tokens...

indeed latoken is not much different from other exchanges but they are not selective in selecting tokens for listing, unlike binance, ftx or kucoin which are very strict in selecting tokens that want to be listed.

[yayayo]

I don't think there's a manipulation there's a lot of like that too in KuCoin and it's not manipulation but rather a quick hype I think it's more of a gambling but if you ever manage to bought a coin that is hyped then I think that could be a jackpot but unlike gambling you won't be able to have $0 here only -90% but not totally 0 but it depends if the coin really managed to go $0 that's very rare.

ya.ya.yo!

[Zilon]

It could be an exchange or a gambling site depending on the motive you are trading with. Latokens is just similar to anyother exchange you can find on the web and it's up to them to list coins at any time so it's left to the investor to carefully do their research. Not all coins on an exchange has good potential some are  projected  for hypes while some projects just fail after it's developers abandon them. So doing your own research is the mistake you made. You should be patient enough to see if it might retest it's ATHs in the future

[hyudien]

You question LAtoken when your money is gone, it's quite confusing because usually when someone asks is before he acts. Because this has already happened and the money you invested simply disappears in the usual LAtoken style of arbitrary pumping and tossing. Your money that has been lost with a large enough nominal will definitely be difficult to return, LAtoken is an exchange that many avoid. Their case is apart from selling and buying scam tokens for the benefit of people who deliberately play in it.