yes. it's really getting out of hand now and places like coinmarketcap don't seem to care. ideally places like coinmarketcap wouldn't have the power they seem to have ended up with.
take a look at this market on exrates which is identical to most of their others. the buy orders amount to less than $20 in total yet trades worth way more are happening every few minutes.
i'd say that volume was 100% fake. if there was a buy or sell placed by a real person for starters that market is so thin you couldn't sell $1 worth without destroying it completely. second of all their bots will simply ignore it and carry on trading around it.
i can only guess they're hoping to fool real people into joining and gradually turning down their fakery, but exrates has incredibly high withdrawal fees so maybe pocketing that when people leave in disgust is their prime income.
it's the same with the zero fee chinese exchanges. places like BTCC would immediately go silent when their bot turned off. Okcoin employees said they operated bots.
if i were running coinmarketcap and any similar site i'd delist anywhere like this after observing for a few days. they're worthless.
take a look at this market on exrates which is identical to most of their others. the buy orders amount to less than $20 in total yet trades worth way more are happening every few minutes.
i'd say that volume was 100% fake. if there was a buy or sell placed by a real person for starters that market is so thin you couldn't sell $1 worth without destroying it completely. second of all their bots will simply ignore it and carry on trading around it.
i can only guess they're hoping to fool real people into joining and gradually turning down their fakery, but exrates has incredibly high withdrawal fees so maybe pocketing that when people leave in disgust is their prime income.
it's the same with the zero fee chinese exchanges. places like BTCC would immediately go silent when their bot turned off. Okcoin employees said they operated bots.
if i were running coinmarketcap and any similar site i'd delist anywhere like this after observing for a few days. they're worthless.
jes its always getting out of hand especially for the established capitalists that want the others to fall in line and submit under the established reality that makes them the billionaires. accept their proposed reality, their cryptocurrency as dominating one, or their cryptocurrencyindex as the ultimately counting one.
thats whats going on, so they all are lieing. struggeling to establish them selves as dominating capitalists.
coinmarketcap is extremly corrupt btw. they simply run a bitcoincentristic index and prevent at all costs that someone lists a bigger cryptocurrency with higher marketcapitalisation.
regards