Crypto Wash Trading

If you want to trade useful tokens, Uniswap's data is the most truthful.

It's not that the system can't be gamed, it's that he costs of gaming are transparent and predictable.

Crypto and NFT are (relatively) new online havens for many criminals, money launderers, and scammers to hide within in the same ways that AMWAY, Time Share Vacation Sales People, and as the guys selling speakers out of their vans in a parking lot did throughout the past, with a little Bernie Madoff and updated/modified MLM tactics added. Not saying all trading is bad, but millions of people have already been victimized in such a short time, and social media is in on the hustle because they make great profits within the promotional and "pump and dump" food chain.

I decided to invest just $100 in bitcoin (on a reputable exchange) to watch it over time a year ago, and so far it's maybe gone just slightly over double that (with spikes and dips in between)... I could not imagine having risked any more money than that because it's pretty stupid to send cash trough the US mail system even though it's protected by law, and Crypto is largely unregulated, and one tweet from the guy who owns Tesla can bring the system to it's knees within the blink of an eye. You can't cry over imaginary profit you haven't lost, so I'm fine with not developing a new gambling addiction.

It's very telling how hard it is to see a simple detail about profit performance for other coins online (over time), graphs are way too simple, each coin's graph has a different set of rules and context, there are far too many different apps and exchanges, regulation and taxing is uncertain, the methods of creation and management for crypto are really elusive, confusing, and abstract for the purpose of making the process very mysterious. The very creator of bitcoin is still not willing to take proper credit for it FFS... That's all I needed to really know in terms of the system's reliability...

NFTs are basically digital files, often stored in a Google Drive (which cannot be exclusively owned by nature), but they are sold as if it's possible for a file to not be copied, scam cue #2... What I'm really trying to get to as a point is that it's all basically a giant pile of malarkey for normal people who can't afford to lose money right now. I trust the skeptics more than the people who are raving about being millionaires from it on YouTube every day, because you can't tell if diamonds are real by watching a video on the Internet.

This is usually done to get uniswap traded tokens onto various trending lists like cmc , dextools , etc.

I’d say there is 10-40x the fraud on uniswap than on centralised exchanges, its just that on uniswap if you know where to look, you can transparently see the fake volume being created in front of you.

But for human traders, it can be tricky sometimes.

Ever tried to send funds to a family member on the other side of the world over a weekend?