Post
Topic
Board Altcoin Discussion
Re: Sometimes its wise to Listen to your heart
by
o48o
on 07/11/2019, 18:03:17 UTC
Why did you say that zeux has fake volume when it presently has 52k 24hours trading volume on exchange? also same thing with collectrix which has real life working product, zeux coin is trading on coinall exchange at 0.008 and on hotbit exchange at 0.01

I edited my original reply but it got quoted before that, but are you asking me to explain on how to spot wash trading? Because i can do that.

If the martketmaker's buywalls and sellwalls are are thinner then the buys and the sells happening in the middle of them it's wash trading happening, probably by a bot.

In the real world that volume would destroy those walls since they don't have any real liquidity. One real market buy or sell would dump or pump the price, this you can see from those huge wicks that have happened with a fraction of the volume happened before that. If there would be liquidity, there would be volume spikes during pumps and dumps.

And every order you put yourself that's not a market buy, just makes the spread thinner and the price action moves more to the middle. You can buy these fake volume services during listing.
Often the trade history buys and sells don't even register to the walls before executed, but when they do they are showing for a nano second.

All this is happening with zeux

Does this explain it?