The price of gold will not go down as bad as other coins, if you have prepared big money to invest then make a purchase now because in my opinion gold is currently slightly down,
To buy Gold tokens do it faster because it will be good for your investment.
Why would you compare the Gold price with altcoins prices? I don't see any correlation as the GOLD token is pegged to the physical gold market price & looking at the higher timeframes on Gold we are now in a consolidation and the sentiment is bullish. Altcoins go down with 99x while Gold went down maximum 30% on the 2008 crisis.
The gold price cant be compared with every crypto in the market cause Gold has been in existence for thousands of years and been used as store of value. With the decreases in supply of gold in the market the price of gold will experience some surge in price.
For a project that relies on its (heavily circlejerked) credibility, the massively (99%) washtrading shit exchange Bitforex is a strange choice.
It's like selling a Lambo at Joe's Used Car Lot.
I disagree with you. More exchanges means more exposure to the market, more liquidity & more volume. Bitforex is widely used by the asian crypto traders so I wouldn't jump the gun on this one calling it a washtrading exchange...
I have to admit that I shared this information about GOLD token listing on Bitforex exchange in my local section and there were exactly the same comments about fake volumes, wash trading and very bad listing choice. I was surprised because I am from almost the beginning in crypto and know a lot about many things and I have never heard anything bad about Bitforex or read something. But I believe to my fellow local friends when they tell me that this exchange is involved in shady practices, like wash trading because somebody Iknow was trading there a lot and witnessed this happening live on the screen.
The good thing is that Digital Gold will be the liquidity provider on this exchange, so we can assume there will be no fake volumes for the GOLD token pairs on Bitforex.
To be honest. Every crypto exchange site have once fake there trading volume before making use of genuine volume after they gain better users rate even capital market was once guilty of fake volume either. I think these are the strategies used by most exchange site in other gain more traffic and also be on the top spot on capital market.
I have also seen things like that in other projects but will this not have a negative effect on future GOLD projects? Is nothing bad going to happen by making fake volume? And this kind of thing is called fake but the project needs this
No, it will never affect the future or present price of every coin listed on such exchange which fake volume but only make such exchange site up rank on the capital market listing.
Note: Volume is the total amount of activities (buy/sell) either in BTC or USD did on an exchange site.