Quote from: tazmania on August 13, 2014, 01:42:18 AM

Quote from: StephenJH on August 13, 2014, 01:19:15 AM

Quote from: Dsellerz on August 13, 2014, 01:14:23 AM

A bit off topic, but does anyone know how to spot fake volume? What are the signs? I mean fake volume in the sence when people buy and sell coins to themselves to make it look like its being traded more than it really is. Thanks.

I'd like to know thoughts on this too. I don't see it being too far off topic[since it may be happening] but it might make a nice topic of its own.

It really depends. High volume market or not. Do they do random large buys or a constant small orders. Does the coin have high volume or not.

Right now if a coin on Bittrex is in the hundreds of btc volume range I'm pretty sure a lot of it is fake. SDC for example went from 1k to 40k in a short amount of time. Only way to do that is buy your own orders to give people the impression there is demand. Then the whale sets their buy orders for support and new people add their buy orders above it and the whale(s) dump for 30x profit.

Sometimes you can look in the market history and see 10btc buy or sell randomly. Most likely their own.

Sometimes you see in the chart that someone was buying / selling all day which is most likely a bot buying own orders to get people to either dump or buy their orders through out the day.

Other people will have other thoughts. Just watch the orderbooks and if you see something that makes you go why the fuck would someone do that or you wonder why a large order just popped up and got bought or sold into right away then it's their own.

If one were to look at the theo board on trex there may be a good example of this type of 'marketing' lol. Segments 11:20-11:29 and 12:40-12:49.