Ninjastic
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Post
Topic
Board Speculation (Altcoins)
Re: Grin Observer - GRN/BTC - Price Movement and Discussion
by
Shadolance
on 28/01/2019, 00:33:35 UTC
Quote from: kurious on January 27, 2019, 10:58:16 PM
Quote from: Shadolance on January 27, 2019, 10:21:01 PM
Quote from: kurious on January 27, 2019, 09:51:34 PM
Quote from: HairyMaclairy on January 27, 2019, 09:23:05 PM
Almost there ....

If it does go above that .00385 local high, it might kick off a fair bit higher.  Watching with interest....  It's been worth market-making (in my tiny way) so far.  It's such an unknown quantity, I am more interested in not having expensive bags than accumulating massively.

I haven't explored BitForex but you look like you are at least using its chart, so d'you know if you can check trading stats on Bitforex - like Polo's trading analysis (to show average cost)?

Bitforex is one of those exchanges that fake volume. It's visible in some charts like the one of Platincoin (just randomly looked one up).

Of course that's the most amateurish way to fake volume and it's not visible in other charts like that but please don't support exchanges doing this.

I made it my rule to never use exchanges that fake volume or have done so in the past (and may just hide it better now). This damages everyone - the users, other exchanges and the community as a whole.

Edit: Hotbit is faking volume even more blatantly than Bitforex. Please.

OK - that's news to me, I will research it - do feel free to suggest a better one for Grin?

(edited)

I'd feel bad to recommend any exchanges after talking bad about others. That might seem like I have some vested interest or something. I just don't like exchanges faking volume. It results in higher average buy prices, lower average sell prices (mainly for people new to the exchange), it distorts the exchange rankings (drawing newbies to these exchanges where they don't really have the reported liquidity ) and gives crypto overall a bad reputation.

So I just advise against using exchanges I know are faking volume. Unfortunately there is a lot of them listed on Coinmarketcap and Coingecko alike. qBTC also falls into that category by the way.

Other than that feel free to trade anywhere you like unless you notice something fishy yourself - it's not like I know all the exchanges where Grin is listed Smiley