/biz/ - Business & Finance

Anonymous Thu Jul 26 03:02:44 2018 No.10425962 [View]
File: 59 KB, 1127x189, absolute state.jpg [View same] [iqdb] [saucenao] [google]

>>10422191
As someone who trades it every now and then, I can tell you that the market is dried up right now and the volume is low af (was higher than usual yesterday, due to the dump), with 80-90% of its volume coming from wash trading on mercatox. It's slowly approaching death and the inventor either doesn't want to realize that or simply doesn't give a shit.
Pic related. Yes, there are active trading bots, but mostly on IDEX. Pretty much all 1000+ 0xBTC transactions on mercatox are immediately taken, appearing in the order book for like half a second. Most likely that's not "trading for profit", just wash trading.

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