I have 15000 LEDU token to sell. I deposited those on the DCOIN exchanger and placed sell orders. My order was the bottom of all the orders. After a few hours, I noticed some orders in the history that have been sold for lower rate than mine.
After that, I keep watching the exchanger and noticed that buy orders are coming in order history I mean in history it's showing that someone is buying tokens lower than in my rate. But at that moment there were no orders lower than mine. How is it possible? are they using bots for showing fake volume??
Can anyone explain?
Thode are the boys buying and selling coins and they won't come in the order books as well, they only appear in the recent trades history and yes you can't sell your tokens to those bots. Your best option is to sell your coins to the highest bidder and nothing else. A lot of exchanges does this creation of fake volume to attract more people to use their exchange and when they realize that the volumes are fake, it is too late and they already have deposited their tokens on that exchange.