fake volume xst?

[paycum]

Hi,

I noticed that a at some coins users seem to manipulate the trade volume by buying and selling to themselves. The last couple of weeks for example this happens with stealthcoin.

At bittrex today it looks like xst has a nice volume but if you take a closer look you see it only comes from a few trades. And because the trade amounts are almost identical im almost sure it is someone who buys his own sell orders to manipulate the trade volume.

Secondly i was watching the orderbook when those trades happened and there wherent any sell orders with this amounts of btc. they where placed and instantly bought right after they where placed.



If you dont count those "fake" trades and when the bot trades arent counted then volume will drop with 90%.

With this kind of trading the coin gets pumped to page one of bittrex and a lot of people think its a highly traded coin and start to invest in it. Offcourse people have to be smart and trade volume doesnt have to mean anything, but still its smells a bit like fraud to attract new investors.

Maybe i see things totally wrong but why else would people buy and sell the same amount of coins within a few minutes and do the same stuff every x hours?

cheers

Robin

[paycum]

xst just had another fake volume boost. it looks like a bot, probably from the owner. dont be fooled the volume is almost zero for xst at the moment

[smalltimer]

fake tradevolume?!  

Incredible!

You are new to coins, right?

Even BTC, LTC and DOGE have fake volume

[paycum]

hehe well i didnt see any topics about that so thats why i posted it. sorry to be a noob

[smalltimer]

hehe well i didnt see any topics about that so thats why i posted it. sorry to be a noob

being a noob is ok

yes, fake volume is very commen to attract daytraders because they look for the volume. Creates the illusion of demand/interest in the coin and is cheap and easy enough to do.

[MicroGuy]

Another reason is exchanges will de-list coins with low volume, thus interested persons might artificially inflate volume to maintain their exchange listings and/or to win new listings on additional exchanges. Exchanges tend to favor coins with higher volume (more fees).

It's probably best, as you are doing, to study market depth and make note of sell side / buy side orders to gain clearer insight into the market.

[balu2]

It's probably best, as you are doing, to study market depth and make note of sell side / buy side orders to gain clearer insight into the market.

for the noob:
bear in mind the orders could be fake aswell 

[benthach]

stealthcoin thread
https://bitcointalk.org/index.php?topic=836009.660

[EmilioMann]

not fake. This is calling accumulation phase 

Huge ninja releases in few days and weeks


[/quote]

[paycum]

i understand the delisting part but i thought devs who find this important just connect a small bot to it which buys and sell the minimum amount needed each day.

i see those and other bots at all altcoins also at xst. but this are orders of around 2btc each and always three after each other every six hours. thats why i thought there might be a different reason and the only one i can think of is to manipulate the trade volume to get it on page one of the exchanges.

im prety sure its no accumulation for the new wallet release as the orders are both sell and buy orders. secondly the 6btc sell wall is never shown in the orderbooks. it appears for a second and that exact amount is bought in the next second. its clearly someone or something that is selling to himself. also this has been going on for weeks. if it was accumulating then that would mean that whale has bought over 250btc which is highly unlikely.

[EmilioMann]

oh yes, now I understand.
You are a troll and whatever happens with xst you will have a negative evaluation.
Thanks

[paycum]

Lol, you clearly dont know me and didnt take the time to look at my posting history. I have never fudded or trolled! I only posted something here that i noticed and in this case it was about xst.

Based on your postings i can assume you have a stake in xst and are only calling me a troll because you dont like my post as it can hurt your investment.

[benthach]

Lol, you clearly dont know me and didnt take the time to look at my posting history. I have never fudded or trolled! I only posted something here that i noticed and in this case it was about xst.

Based on your postings i can assume you have a stake in xst and are only calling me a troll because you dont like my post as it can hurt your investment.

fake volume never a bad idea, unless the coin is really dead and it would be a waste of btc but in this case xst is not. i don't think it's going to hurt his investment, this fake volume only help his investment.
most of top coins on bittrex are playing by bots, don't blame the game, blame the bots.