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RE: Why Unveiling Fake Volume is Essential for Market Growth
It is when a single account or entity simultaneously issues buy and sell orders on an exchange. They sell their cryptocurrency (minor market downturn occurs) and then buy it back (at the lower price; creates a tiny surge).
Can’t the same be said of “Wall Street”?
Definitely, @preparedwombat
The problem is many people can do it in crypto as it's a small market. Less capital needed for manipulation. Where as Forex is a $5 trillion market based on DAILY volume and NYSE has a total market cap of $37 trillion. Crypto is merely a fraction.
Thanks for your comment!
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