How can we trust the exchanges to set the prices?

mikenewhouse

New Member
May 23, 2017
13
5
3
120
When looking at coinmarket cap the top exchanges by volume are ones I've never heard of people using.
  1. is that assumption correct that they are hardly being used and the volume numbers are faked?
  2. if so, doesn't that mask real price movements from real people buying on active exchanges?
It's quite frustrating and frightening that a decentralized project needs to rely on unaccountable exchanges to help set the price.

The good news I suppose is a shady exchange can only operate so long before going under, right? That is unless of course they are trading against their manipulation of prices (the ultimate insider trading). The more I think about it the more it worries me.

Do you think this is an actual problem, why or why not?

If so what can we do about it?
 
  • Like
Reactions: Natasha Matthews

kuja

New Member
Aug 28, 2018
5
0
1
86
By looking at how the orderbook and trades execute, we can tell some.
if they move erratically that menas tthere is some bad manipulation going on
 

Namita Patel

New Member
Jul 12, 2018
13
0
1
28
INDIA
100mcxtips.in
You need to perform the fundamental analysis and check all the behavior and fluctuation pattern of its past. This will surely show anything that is suspicious. There are many manipulators in the market.
 

Chefbowpro

New Member
Sep 2, 2018
3
0
1
51
I was just reading how traders can go from one platform to another and trade exact altcoins with as much as a 25% difference in value and profit from the discrepancies. That makes me very nervous.
 

mvango

New Member
Apr 18, 2018
13
1
3
29
Agree with Amatelind. I think it's vital to define which cryptocurrency exchanges are reliable and provide strong security. When it comes to choosing an exchange, I prefer reading comprehensive reviews at specialized websites like https://theproblem.wtf/bitmex/. But they shouldn't be the only source of information. I would also recommend that you follow some crypto enthusiasts, read their articles and watch YouTube videos. For example, Andreas Antonopoulos and Alessio Rastani are great.