Quote from: BitHodler on March 25, 2019, 09:14:57 AM

Quote from: Betwrong on March 24, 2019, 04:48:02 PM

But I'm not sure about that. It's possible that crypto currencies have been traded more aggressively than stocks, and then the volumes on CMC are more or less correct.

Nah. It wouldn't surprise me if the volumes of most altcoins are for 98% fake. Exchanges are incentivized to continue pumping up their volumes because their competitors do that as well.

If one exchange reports $10 million in volume, the other will push it to $12 million, then another one does $15 million, and this continues till these manipulative exchanges implode (which I do hope to see happen sooner rather than later).

The amount of garbage we have to go through here is mind boggling. Instead of seeing markets mature, we're going backwards where people don't even seem to care about it anymore....

How do cryptocoin exchanges with fake volume earn money if they are only wash trading with themselves? Also, why are they doing this?