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Report Claims Over 80 Percent of Top 25 BTC Trading Pair Volumes on CMC Are Wash Trad
#1
This is not good for crypto. Many exchanges "wash trade" (pump/dump) using bots and exist only for the profit of listing new coins. 

It seems Binance is the most honest of the top exchanges listed on CMC (CoinmarketCap)

"“Most of these pairs’ actual volume is under 1% of their reported volume on CMC. We noted only 2 out of the top 25 pairs not to be grossly wash trading their volume, Binance and Bitfinex.”"

https://cointelegraph.com/news/report-cl...ash-traded
Cardano is the most promising 3 gen. crypto right now.


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#2
I am not surprised by this report at all. I would expect most stock markets operate in a similar fashion - maybe to a lesser scale.

Everyone is there for profit (well some may be for fun, but not many).
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#3
That's true. The difference is that the stock market is regulated and the identity of buyers are know. Still there is insider trading going on manipulating the market.
Cardano is the most promising 3 gen. crypto right now.


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#4
And we do not want regulation! The answer is to have many 1000s of people trading every day so that one or two cannot affect the market. But all it needs is someone to find their 5 year old BTC wallet with 10k coins in it and sell them off!
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#5
Agreed Bob
Cardano is the most promising 3 gen. crypto right now.


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#6
Yes, you are right Bob.
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