Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Don't Believe The Trading Volumes On Most Exchanges
by
adamin1i
on 19/12/2018, 10:33:54 UTC
Quote from: iconoclast on December 18, 2018, 02:51:01 PM
It would seem that "Wash Trading" is a much bigger problem than originally thought. Wash Trading is the buying and selling of coins by bots on the exchange to artificially create volume and the perception of liquidity. A new study shows that only 3 of the Top 25 exchanges trading Bitcoin according to CoinMarketCap are actually presenting true figures. https://cointelegraph.com/news/report-claims-over-80-percent-of-top-25-btc-trading-pair-volumes-on-cmc-are-wash-traded

yes that's unfortunate. There is a lot of fake volume in the stock market. I think exchange have a method of choosing to attract them. purchase-sales orders take a very long time to take place. most of the times you place orders under or on the order is entered. I think that these types of exchanges should not be used.