Don't buy a (hive-engine) token because it have a high volume
Hello all, i saw in my wallet a token worth 0$ (no buy orders) BEVR and yeah i wanted to try a little something is it hard to bring a token to the top of daily volume ?
So i got to https://hive-engine.com/trade/BEVR, set a sell order 25000 Hive (5hive/bevr) and using only 6SWAP.HIVE i bought and rebought and rerebought my own BEVR (using only this account)
and after some buys i made it
200 hive ( 70$ ) volume on a random hive-engine token
Top 42 in the list of top volume
This token isn't looking like another token that is already well known and neither look like a passive income token or something like that. So normally no one will buy this token but if the token had name like passive income, miner token and so this could bring to people to buy token that could be scams.
So to be sure what you buy is right DYOR before to buy (Do Your Own Research) And don't buy a token you are not sure of the security, i mean don't buy tokens that seem sketchy or you could loose some swap.hive
It just goes to show you how easy it is to spoof markets and make fake volumes.
Posted using IceBreak
Yes
That could happen to brk but there is a liquidity pool so there is less chance