I went allin on CPOOL

[lixer]

Probably it was a huge mistake by me thinking it will rise due to good fundamentals and hot trend (RWA). Retail money flooding the market simply doesn't know this project and therefore won't pump it until it gets well known (maybe through binance listing?)

I know. But, there's no guarantee that a token invested in by Binance Labs will be listed on Binance. If you're seeking a potential coin that will be listed on binance, then always hunt a hyped meme coin.



This picture was from my friend. He bought pnut after Elon mentioned it in a tweet. He invested $30, then mistakenly took 4x - 5x profit. He didn't realize his small investment could make him a millionaire. To gamble a small amounts of money on hyped meme token is not that bad.

He might only be new to it or he did not read the disclaimer that is put by Binance Labs (if ever there are ). He is still correct though of trusting coins with good fundaments over the useless meme coins but it is sad that good coins are sometimes not get listed on a better exchange like Binance but the useless meme coins are. It was kinda unfair. Guess this is an example of how money make the world round. The picture and story you share is still impressive.

If it was only a small amount and no expectations are attached then yeah, it is fine to gamble with the meme coins. In fact, this is also the definition of playing a gambling in the casino.

[o48o]

Clearpool has just 2,14 million 24h volume. Isn't that very low for a 150m coin?

It's even worse than that. I quickly looked at CEXes it's been traded at and all top 6 trading pairs except the one in Kraken has mostly wash trading. It didn't come as surprise as all of those sites are notorious for open wash trading.

If you don't believe me, check them out yourself. If you don't know how to do that, it's quite fast and easy: look at the orderbook walls and compare it to buys and sells, if buys and sells are happening between them, without touching the buy or sell orders, that's wash trading. I am amazed how they still aren't even hiding it better.

Also their volume often doesn't reflect the buy or sell wall sizes in sites where fake volume is the worst. If someone actually market sells or market buys in them with same or lower volume, walls can't hold them and they leave spikes to charts.

This isn't rocket science and imho everyone should know how to spot it.

[Loco1887]

Clearpool has just 2,14 million 24h volume. Isn't that very low for a 150m coin?

It's even worse than that. I quickly looked at CEXes it's been traded at and all top 6 trading pairs except the one in Kraken has mostly wash trading. It didn't come as surprise as all of those sites are notorious for open wash trading.

If you don't believe me, check them out yourself. If you don't know how to do that, it's quite fast and easy: look at the orderbook walls and compare it to buys and sells, if buys and sells are happening between them, without touching the buy or sell orders, that's wash trading. I am amazed how they still aren't even hiding it better.

Also their volume often doesn't reflect the buy or sell wall sizes in sites where fake volume is the worst. If someone actually market sells or market buys in them with same or lower volume, walls can't hold them and they leave spikes to charts.

This isn't rocket science and imho everyone should know how to spot it.

What do you mean by that? Its a scam? Once again CPOOL has no movement

[o48o]

It's even worse than that. I quickly looked at CEXes it's been traded at and all top 6 trading pairs except the one in Kraken has mostly wash trading. It didn't come as surprise as all of those sites are notorious for open wash trading.

If you don't believe me, check them out yourself. If you don't know how to do that, it's quite fast and easy: look at the orderbook walls and compare it to buys and sells, if buys and sells are happening between them, without touching the buy or sell orders, that's wash trading. I am amazed how they still aren't even hiding it better.

Also their volume often doesn't reflect the buy or sell wall sizes in sites where fake volume is the worst. If someone actually market sells or market buys in them with same or lower volume, walls can't hold them and they leave spikes to charts.

This isn't rocket science and imho everyone should know how to spot it.

What do you mean by that? Its a scam? Once again CPOOL has no movement

I literally explained everything in my sentence, so i am confused.

Is what a scam? CPOOL? I wouldn't know. What i do know is that most of the volume you referred to, is verifiably fake, so i said it was worse. I even gave you tools how to confirm it yourself, so you don't have to just trust my word.

So you need to elaborate your question. If it's about the concept wash trading, that means artificially inflated trading volume. That's not done by the devs, but the CEXes. Though it can be a service that devs are paying for while listing it.

No matter if the project itself is a scam or not, i already said that chart looks fine, so i wouldn't focus on something i couldn't confirm.

[Loco1887]

It's even worse than that. I quickly looked at CEXes it's been traded at and all top 6 trading pairs except the one in Kraken has mostly wash trading. It didn't come as surprise as all of those sites are notorious for open wash trading.

If you don't believe me, check them out yourself. If you don't know how to do that, it's quite fast and easy: look at the orderbook walls and compare it to buys and sells, if buys and sells are happening between them, without touching the buy or sell orders, that's wash trading. I am amazed how they still aren't even hiding it better.

Also their volume often doesn't reflect the buy or sell wall sizes in sites where fake volume is the worst. If someone actually market sells or market buys in them with same or lower volume, walls can't hold them and they leave spikes to charts.

This isn't rocket science and imho everyone should know how to spot it.

What do you mean by that? Its a scam? Once again CPOOL has no movement

I literally explained everything in my sentence, so i am confused.

Is what a scam? CPOOL? I wouldn't know. What i do know is that most of the volume you referred to, is verifiably fake, so i said it was worse. I even gave you tools how to confirm it yourself, so you don't have to just trust my word.

So you need to elaborate your question. If it's about the concept wash trading, that means artificially inflated trading volume. That's not done by the devs, but the CEXes. Though it can be a service that devs are paying for while listing it.

No matter if the project itself is a scam or not, i already said that chart looks fine, so i wouldn't focus on something i couldn't confirm.

Volume is lower than ever. 1/23 of ONDO and yet they pay for that volumen?

[Loco1887]

Daily volumen 7,8k it's getting worse and worse. Why so many people said it could become number 3 in RWA?

[o48o]

Daily volumen 7,8k it's getting worse and worse. Why so many people said it could become number 3 in RWA?

t's called shilling. People shill their own bags because they want rid of them with profit, so they will exaggerate fundamentals, which i already suspected were worse then with dusk.

And honestly don't look at the volume, it's not a good indicator for interest in the crypto world. So far CEXes have got away by manipulating the volume, which is technically illegal, but it's been going on for ages. It's meaningless indicator if you lack tools to find out the real volume.

Also answer to your other question before: It doesn't even matter if devs pay for the volume or not, it's still fake volume. Some of the crypto CEX:es do it for free because it's one of the easiest ways to launder money for themselves; It doesn't cost anything to CEXes, yet they get more "legit" income from the fees that didn't exist in the first place.