The question is how rich someone would need to be to fake the volume at Poloniex.
You can’t make a netto calculation on that. If you massively fake volume, you will also find people buying into that fake, since they might not have the information a regular forum visitor has.
Can you give a ballpark figure? I agree that volume at Poloniex may have consisted much of traders not aware of Nu.
2017–05–05
Daily move to equilibrium this week: 95 USD in BTC
Move to equilibrium in BTC: 0.05875
NSR sold: 1175000.00000000
Thank you.
For you it would be one look at the BTC and NBT, multiplying the BTC with the USD rate and adding/subtracting deposited/withdrawn funds.
If you think this tedious work of plowing through exchange transaction logs and aligning it with withdrawals/deposits is better offloaded from the “Vice Chief of Liquidity Operations” to unpaid personnel, I conclude that there’s no interest in real transparency and the smoke screening goes on.
At least I feel more enlightened now.
At recent Poloniex trading fees of 0.15%/0.25% for makers/takers, it costs 0.4% of the faked volume in fees. $100,00 cost you $400 fees.
2017–05–06
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.06896
NSR sold: 1149333.33333333
That’s an abstract calculation. Thank you for the transparency.
Anyone interested in the concrete values look here
or in successive posts dealing with funds at exchanges.
If the deposits/withdrawals with their respective USD values are reported together with the funds at exchanges, one may calculate the trend of the NAV.
That’s one potential step forward!
2017–05–07
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.06836
NSR sold: 1139333.33333333
2017–05–08
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.06469
NSR sold: 924142.85714286
2017–05–09
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.06186
NSR sold: 883714.28571429
2017–05–10
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.06076
NSR sold: 868000.00000000
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2017–05–11
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.05944
NSR sold: 849142.85714286
2017–05–12
Daily move to equilibrium this week: 108 USD in BTC
Move to equilibrium in BTC: 0.06306
NSR sold: 1051000.00000000
2017–05–13
Daily move to equilibrium this week: 40 USD in BTC
Move to equilibrium in BTC: 0.02334
NSR sold: 389000.00000000
2017–05–14
Daily move to equilibrium this week: 40 USD in BTC
Move to equilibrium in BTC: 0.02224
NSR sold: 370666.66666667
2017–05–15
Daily move to equilibrium this week: 40 USD in BTC
Move to equilibrium in BTC: 0.02323
NSR sold: 387166.66666667
2017–05–16
Daily move to equilibrium this week: 40 USD in BTC
Move to equilibrium in BTC: 0.02283
NSR sold: 326142.85714286
2017–05–17
Daily move to equilibrium this week: 40 USD in BTC
Move to equilibrium in BTC: 0.02181
NSR sold: 311571.42857143
2017–05–18
Daily move to equilibrium this week: 40 USD in BTC
Move to equilibrium in BTC: 0.02128
NSR sold: 266000.00000000