CMC Misleading new projects - page 4.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: bitgolden on April 04, 2020, 02:08:31 PM

Looks like CZ decided not to buy CMC after all, or at least put a hiatus into it during this pandemic. People are visiting CMC a lot more these days because everyone is at home and more screen time they get more money CMC will make so it is getting a lot better for CMC right now, they are making a lot more profits.

CZ already confirmed that they are going to acquire CMC after-all. We might see some improvements and removed shit projects being advertise on that platform so I'm expecting a big change when they take over. There could be no API manipulation, they are just pulling the data from every exchange. However, if there is a reported fake volumes on exchanges being shown in CMC then they should do some due diligence to check everything before displaying in their service so that no one will be mislead by it, specially shit projects and scam exchanges.

kceekcee

jr. member

Activity: 211

Merit: 1

I think i have witnessed cmc errors once before, where you come online, check the market caps and see a token in good prices, only to visit the exchange and realize that theres no equilvalent volume or corresponding volume.

I urge newbies, to always stay calm whenever its time to trade.

Danslip

hero member

Activity: 2058

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: tvplus006 on April 04, 2020, 02:26:59 PM

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading ...

It is not Coinmarketcap's fault that it shows incorrect trading volumes on cryptocurrency exchanges. Coinmarketcap simply transmits the information provided by these exchanges. These swindles are engaged in by the exchanges themselves to attract the attention of new participants.

I don't believe that Binance is only ranked 22th https://coinmarketcap.com/rankings/exchanges/

I don't think so. Why should CMC manipulate the API data which sent by exchange's order book? Wash trading and fake buy/sell walls are not created by CMC team.

princerepon

full member

Activity: 994

Merit: 101

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

I can understand your thought and you are 100% right about it. It's a foolish move to follow CMC or any kinda coin market cap website. They are not running there business smoothly. So it's better to find details about project's coin on your own. Do your trade those kinda exchange which are trust worthy. Otherwise you'll be fooled. Here is a post i made about CMC couple of months ago. Hope you can find more info there.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading ...

It is not Coinmarketcap's fault that it shows incorrect trading volumes on cryptocurrency exchanges. Coinmarketcap simply transmits the information provided by these exchanges. These swindles are engaged in by the exchanges themselves to attract the attention of new participants.

I don't believe that Binance is only ranked 22th https://coinmarketcap.com/rankings/exchanges/

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Looks like CZ decided not to buy CMC after all, or at least put a hiatus into it during this pandemic. People are visiting CMC a lot more these days because everyone is at home and more screen time they get more money CMC will make so it is getting a lot better for CMC right now, they are making a lot more profits.

However one thing people are forgetting about is the fact that Binance has been making a lot more profit as well, and I mean A LOT more because right now there are a lot more people staying at home and the people who didn't had time to actually go into trading full time, will have chance to do so right now because they are all at home. The deal can still go through, maybe tomorrow or maybe in a year when all of this is over, but it looks like both sides are trying to survive this pandemic first.

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

Quote from: pandanaran on April 03, 2020, 01:10:55 AM

first time I found out about the coinmarketcap site is a trusted site as well as displaying original project data or some coins with real trading volume but now there are a lot of crap projects listed there, somehow the story is I hope CZ can solve this problem as soon as possible. if this continues, there will be many more trapped there.

When I started to participate in this market, coinmarketcap helped me know a lot of projects here, but after a period of operation, their quality went down, there were too many scam and fake volume projects. currently on site. I believe that after Cz acquires coinmarketcap he will do everything better like other projects

FireBallex

member

Activity: 462

Merit: 19

It's over now, CZ is now in control of Coinmarketcap and before we start seeing new things get implemented into Coinmarketcap it's will take few months but the possibility of change is high

Maestro75

sr. member

Activity: 1960

Merit: 329

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

I do not think CMC misleads in the way you have described it. The problem is that most people on their own think that whatever tokens that makes it to the CMC is good for an investment. There are exceptions to this. And there are exceptions too with Binance because there are also shitcoins listed on Binance.

Malam90

full member

Activity: 1099

Merit: 116

I am really disappointed at the performance of coinmarketcap (CMC). There are a lot of fake volumes are calculated and low qualtiy exchanges are up place by fake ranking. I have many times observed fake volumes, fake pump. If Binance will take over cmc, it will be better for cryptocurrency market.

nekonyun

full member

Activity: 882

Merit: 101

yes that's right with binance taking over coinmarketcap, scam project will be removed and this will make coinmarketcap list of the best crypto projects

Bezobraznike

sr. member

Activity: 1274

Merit: 261

★Bitvest.io★ Play Plinko or Invest!

Quote from: cassavachips on April 03, 2020, 01:46:49 AM

In the last period of time, the performance of the CMC did decline in my opinion, because many registered projects that were bad and really not feasible. Even more decent projects are not listed there. In addition, CMC site visitors are increasing and this will certainly be misleading. By now CMC has been acquired by Binance, hopefully it will be better and not only for the benefit of Binance.

CMC has been accused about many things in the past, I wonder why CZ decided to do this, there are better sites where he could invest
or he could make his own site, I wonder what is really behind this.
This news about acquisition surprised me, who knows what is the story behind this. We will need to wait and see, in some time we will
hear more news about this, and only then we can create some opinion about all that. As you say maybe CMC will be better site now
with new management.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

I still think CZ taking over cmc is not really a good decision, it will showcase all binance as good and it will show all competitions of binance as bad and some other small places as good as well.

CMC is not good I agree with that and right now it is not really ran very well, someone should take over and make that place better again, however do we really want that person to be an owner of an exchange? They will simply just show the world how corrupt it can get, that is about it.

Honestly, I would prefer someone who is totally unrelated to crypto to take over, I know it may cost some money but if you buy CMC and not related at least you will become more transparent about it and people will still use it and you will make that money back somehow anyway since its a very high traffic website.

cassavachips

sr. member

Activity: 994

Merit: 261

In the last period of time, the performance of the CMC did decline in my opinion, because many registered projects that were bad and really not feasible. Even more decent projects are not listed there. In addition, CMC site visitors are increasing and this will certainly be misleading. By now CMC has been acquired by Binance, hopefully it will be better and not only for the benefit of Binance.

pandanaran

full member

Activity: 1048

Merit: 101

first time I found out about the coinmarketcap site is a trusted site as well as displaying original project data or some coins with real trading volume but now there are a lot of crap projects listed there, somehow the story is I hope CZ can solve this problem as soon as possible. if this continues, there will be many more trapped there.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: minairia3 on April 03, 2020, 12:43:44 AM

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

Got a point. But we cant blame a long time running platform that certainly trusted by many. I am wondering, how many projects listed on CMC are just products of manipulation? Well pretty obvious that most exchange there are just doing wash trading, what I dont like is CMC still recognized the volumes and that made the platform unreliable when it comes to reference. I am sure now that Binance is a co owner of coinmarketcap they could improve it and make changes on their system especially on listing those exchange that doing manipulations, or might be better to remove them from the list of exchanges. What is the point of ranking if its being cheated.

In my opinion, coin marketcap is just a website that contains information about tokens and coins as well as the market where the tokens are traded in addition to information about transaction volume. Coinmarketcap will not verify whether the tokens are shitproject or not because they are not their capacity and I think after Binance took over this website, there will be changes

minairia3

sr. member

Activity: 1498

Merit: 326

Vave.com - Crypto Casino

Quote from: joseyphil82 on April 01, 2020, 01:34:46 AM

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

Got a point. But we cant blame a long time running platform that certainly trusted by many. I am wondering, how many projects listed on CMC are just products of manipulation? Well pretty obvious that most exchange there are just doing wash trading, what I dont like is CMC still recognized the volumes and that made the platform unreliable when it comes to reference. I am sure now that Binance is a co owner of coinmarketcap they could improve it and make changes on their system especially on listing those exchange that doing manipulations, or might be better to remove them from the list of exchanges. What is the point of ranking if its being cheated.

Leonardo7

member

Activity: 686

Merit: 15

Some who have been here enough understand those ratings on CMC are nothing but fake volume as a result of bot trade. Binance led by CZ should be able to weed off fake volume exchanges and take them to where they belong if they continue to mislead the public, no option than to delist them from CMC.

doctor877

full member

Activity: 896

Merit: 115

New projects knows the right thing to do. Cmc ratings sometimes might not be accurate because if information given by the exchange themselves. But any serious project will visit the exchange and make more research to see the real truth. However, a modification is required to correct any misleading from irregular data's.

FanEagle

legendary

Activity: 2884

Merit: 1117

Honestly, if I got 400 million dollars offer from Binance I would totally sell but if I am binance I would stay away as much as possible. Buying CMC will not really worth a 400 million dollar investment for them, it would be great if they could buy outright all of it for under 100 million dollars, the website has a HUGE visitor number and all by itself worths a lot of money itself, but what is the benefit to binance itself? Will they just have ads of binance all over it? Is that it? For that they could buy a lot more advertisement honestly.

However, if they want to keep the integrity of CMC and keep it going like it is right now and maybe improve it a bit, they should buy it, just not for that price, it is way more than it deserve as it is right now.

Topic: CMC Misleading new projects - page 4. (Read 788 times)