Crypto Tim on Fake Volume News

in #btc2 years ago

I like Crypto Tim and his moderate tone. In one of his latest entries he disects the latest news about fake volume on various crypto exchanges:

Main take-aways

  • Wash trading on crypto exchanges is nothing new
  • Assumptions on the new platform are incoherent:
  • Trusted exchanges dont necessarily have 100% proper transactions
  • Not trusted exchanges do have a certain degree of proper transactions
  • Openmarketcap, has voting on legitimacy of exchanges as businee model, how does this result in significant ratings?

Have you been shocked by the rate of fake volume?


Fake volume its just a marketing method. Like in the mcdonalds, there is a little different in case of cheeseburger between the picture and your desk :)

Im shocked, because most of the people think, that is a real volume... :D

Sneaky-Ninja-Throwing-Coin 125px.jpg
Defended (12.53%)
Summoned by @conceptskip
Sneaky Ninja supports @youarehope and @tarc with a percentage of all bids.
Everything You Need To Know About Sneaky Ninja


Hi @conceptskip!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 2.907 which ranks you at #11821 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 203 contributions, your post is ranked at #155.

Evaluation of your UA score:
  • Only a few people are following you, try to convince more people with good work.
  • You have already convinced some users to vote for your post, keep trying!
  • You have already shown user engagement, try to improve it further.

Feel free to join our @steem-ua Discord server