Coin Market Cap SCAM!!! - page 2. | Bitcointalksearch.org

Oceat

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Quote from: rivkavender on April 10, 2018, 07:17:45 AM

Quote from: WaffleMaster on April 10, 2018, 03:46:14 AM

Quote from: minthit on March 28, 2018, 12:36:52 AM

I don't understand. The video said CMC is showing wrong data. We don't know it's intentional or not. If it's just by mistake, it's ok. If intentional, what do they gain by doing so? If we aren't sure they are getting something out of it, how can wee say they are scamming?

Right, being a little wrong on a shit ton of coins with a small margin for error is not scamming. They probably just have different systems so they're not constantly scraping exchanges and overloading servers. It's an ethical thing to do to not automatically have bots scrape websites over and over, because once a few websites do that, it starts to cause a lot of load on the exchanges they're scraping data from.

Thats another good point! but again i still think that because ICO companys pay CMC for the their coin to be put on there obviously and then the workers of CMC get inside info as well which is just unfair so why should we support something like that !

Everyone do make mistakes and nobody is perfect so this error is just acceptable as long as they aware of their actions that only means that they are just experiencing a human error. Calling it as a scam since they did not steal anything is not right, should OP owe some apology to coinmarketcap? but nah, they didn't bother to point you anyway because they don't know you and i think it would so nonsense if they react to this tiny human error.

rivkavender

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Quote from: richardsNY on April 10, 2018, 06:15:34 PM

Quote from: rivkavender on April 10, 2018, 07:17:45 AM

but again i still think that because ICO companys pay CMC for the their coin to be put on there obviously and then the workers of CMC get inside info as well which is just unfair so why should we support something like that !

If that's your main reasoning, then you should blame exchanges as well. Bittrex for example knows that when they list a coin, the overall market will get a massive boost -- that's crucial information worth possibly millions if the coin or ICO is large enough. It's precious and valuable information that basically everyone would use in his advantage, and I would do exactly the same. Does that mean you're legally acting on criminal ground? Of course, but there is no point in acting like a hypocrite here -- everyone here would do the same without hesitating. People in this case act like its unethical behavior, but if they are in the advantageous position, this practice suddenly isn't all that unethical anymore....

I hear what ur saying

richardsNY

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Quote from: rivkavender on April 10, 2018, 07:17:45 AM

but again i still think that because ICO companys pay CMC for the their coin to be put on there obviously and then the workers of CMC get inside info as well which is just unfair so why should we support something like that !

If that's your main reasoning, then you should blame exchanges as well. Bittrex for example knows that when they list a coin, the overall market will get a massive boost -- that's crucial information worth possibly millions if the coin or ICO is large enough. It's precious and valuable information that basically everyone would use in his advantage, and I would do exactly the same. Does that mean you're legally acting on criminal ground? Of course, but there is no point in acting like a hypocrite here -- everyone here would do the same without hesitating. People in this case act like its unethical behavior, but if they are in the advantageous position, this practice suddenly isn't all that unethical anymore....

Termin4tor

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Quote from: rivkavender on March 25, 2018, 01:39:29 PM

Guys if you havent heard already theres supposedly a huge SCAM going on with our favorite Coin Market Cap, check out this video towards the end he dicusses it:

https://www.youtube.com/watch?v=3ql-_TZH9rc&t=812s

and what do you guys think is going on?

I don't think there is a need to call it a scam since false price of the coins might be a bug in the their script or API. If its true that they haven't fixed the problem after a long time, then people need to look for other alternatives. Also, I personally don't use coinmarketcap since they advertise some scam ICO's at times.

rivkavender

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Quote from: Koro-Sensei on April 10, 2018, 09:09:07 AM

Quote from: rivkavender on March 25, 2018, 01:39:29 PM

Guys if you havent heard already theres supposedly a huge SCAM going on with our favorite Coin Market Cap, check out this video towards the end he dicusses it:

https://www.youtube.com/watch?v=3ql-_TZH9rc&t=812s

and what do you guys think is going on?

Have checked in it but it seems he was only stating it with no solid proofs this video is not alarming it's just pure bullshit. These people are the cause why bitcoin's price is unstable and digging deeper they are the one to blame because they are spreading fake news in the internet and scaring potential buyers.

I hear ya

Koro-Sensei

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Quote from: rivkavender on March 25, 2018, 01:39:29 PM

Guys if you havent heard already theres supposedly a huge SCAM going on with our favorite Coin Market Cap, check out this video towards the end he dicusses it:

https://www.youtube.com/watch?v=3ql-_TZH9rc&t=812s

and what do you guys think is going on?

Have checked in it but it seems he was only stating it with no solid proofs this video is not alarming it's just pure bullshit. These people are the cause why bitcoin's price is unstable and digging deeper they are the one to blame because they are spreading fake news in the internet and scaring potential buyers.

rivkavender

newbie

Activity: 56

Merit: 0

Quote from: WaffleMaster on April 10, 2018, 03:46:14 AM

Quote from: minthit on March 28, 2018, 12:36:52 AM

I don't understand. The video said CMC is showing wrong data. We don't know it's intentional or not. If it's just by mistake, it's ok. If intentional, what do they gain by doing so? If we aren't sure they are getting something out of it, how can wee say they are scamming?

Right, being a little wrong on a shit ton of coins with a small margin for error is not scamming. They probably just have different systems so they're not constantly scraping exchanges and overloading servers. It's an ethical thing to do to not automatically have bots scrape websites over and over, because once a few websites do that, it starts to cause a lot of load on the exchanges they're scraping data from.

Thats another good point! but again i still think that because ICO companys pay CMC for the their coin to be put on there obviously and then the workers of CMC get inside info as well which is just unfair so why should we support something like that !

WaffleMaster

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Quote from: minthit on March 28, 2018, 12:36:52 AM

I don't understand. The video said CMC is showing wrong data. We don't know it's intentional or not. If it's just by mistake, it's ok. If intentional, what do they gain by doing so? If we aren't sure they are getting something out of it, how can wee say they are scamming?

Right, being a little wrong on a shit ton of coins with a small margin for error is not scamming. They probably just have different systems so they're not constantly scraping exchanges and overloading servers. It's an ethical thing to do to not automatically have bots scrape websites over and over, because once a few websites do that, it starts to cause a lot of load on the exchanges they're scraping data from.

rivkavender

newbie

Activity: 56

Merit: 0

Quote from: partysaurus on April 09, 2018, 11:13:20 AM

pretty obvious after they removed ripples korean price, so the price tanked, not touching that corrup shit site, i use livecoinwatch instead, and it auto update price wich cmc dont do.

good info thanks

partysaurus

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pretty obvious after they removed ripples korean price, so the price tanked, not touching that corrup shit site, i use livecoinwatch instead, and it auto update price wich cmc dont do.

rivkavender

newbie

Activity: 56

Merit: 0

Quote from: richardsNY on April 03, 2018, 02:42:49 PM

Quote from: Arkham Knight on April 02, 2018, 10:20:20 PM

Well, another FUD in this bear market period. Coinmarketcap would not do that for sure and anyone that is highly-skilled in the market would notice that right away but there are no people addressing it so that is a just s pure FUD.

You fail to get the main point of importance here, which is that the majority of the people paying attention to sites such as CMC are noobs. It provides them basically all the information they need to find cheap coins, the exchanges they are listed on, etc. It's basically an excuse for noobs to don't do any actual research themselves, and thus remain lazy. Serious investors don't invest in rubbish coins to begin with, where on top of that, they have their own tools to check everything they need to know about coins they plan to invest in or trade. People for once need to do a bit more effort before they blindly trust on third party information....

BOOM 100 percent agree people need to start doing TA if you guys want this to not be a manipulated market

richardsNY

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Quote from: Arkham Knight on April 02, 2018, 10:20:20 PM

Well, another FUD in this bear market period. Coinmarketcap would not do that for sure and anyone that is highly-skilled in the market would notice that right away but there are no people addressing it so that is a just s pure FUD.

You fail to get the main point of importance here, which is that the majority of the people paying attention to sites such as CMC are noobs. It provides them basically all the information they need to find cheap coins, the exchanges they are listed on, etc. It's basically an excuse for noobs to don't do any actual research themselves, and thus remain lazy. Serious investors don't invest in rubbish coins to begin with, where on top of that, they have their own tools to check everything they need to know about coins they plan to invest in or trade. People for once need to do a bit more effort before they blindly trust on third party information....

rivkavender

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Activity: 56

Merit: 0

Quote from: Arkham Knight on April 02, 2018, 10:20:20 PM

Well, another FUD in this bear market period. Coinmarketcap would not do that for sure and anyone that is highly-skilled in the market would notice that right away but there are no people addressing it so that is a just s pure FUD.

Righttttttt, im pretty sure they would do it for money which is how most of the ads and things likes this end up on the site in the first place and also just in general thats how the world works. A company pays to put a story up to cause FUD and one side yes people need to stop reading the news everyday and just stick to whats in front of them and the market would recover rapidly and on the other hand company and sites like these need to be stop because its not fair to the public FAKE NEWS!!!

Arkham Knight

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Well, another FUD in this bear market period. Coinmarketcap would not do that for sure and anyone that is highly-skilled in the market would notice that right away but there are no people addressing it so that is a just s pure FUD.

Commie

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Activity: 621

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What a pile of BS. Anyone can spend a minute or two to check all the data provided on CM about the coin they need. But no, instead they go "Oh I don't want to believe it, it's a scam" etc. I mean, why and when did people become so dumb?

bitcoinblog

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All are cashing there popularity.

Facebook such a big tycoon company is selling data to get billions , so these are just small monitors.

cydrix

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Quote from: Shikaina on March 29, 2018, 02:59:00 PM

That’s sad. What about thise who have deposited their tokens in their wallets in coinmarketcap? It is really getting hard trusting exchanges now. If the bigger and more well known exchange can become a scam, how much more the smaller and newer ones.

Lol that's sad too you don't even know what coinmarketcap is but you still want to participate Grin

nice try. Firstly coinmarketcap is not a wallet nor an exchange please take note that don't start blabbering something you don't even know at the first place you just started a spam .

Shikaina

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That’s sad. What about thise who have deposited their tokens in their wallets in coinmarketcap? It is really getting hard trusting exchanges now. If the bigger and more well known exchange can become a scam, how much more the smaller and newer ones.

bL4nkcode

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Limited in number. Limitless in potential.

Quote from: rivkavender on March 27, 2018, 07:40:24 AM

Quote from: bL4nkcode on March 26, 2018, 01:23:15 PM

I don't think that the right word/term is "scam" try to see this thread https://bitcointalksearch.org/topic/does-coinmarketcap-cmc-manipulates-the-market-3191840, it's obvious that the article read by the person on that video can be seen there with this two medium posts, try to read how coinmarket cap has possibly manipulated the market as one of the best resources for coin listed especially those new coins/tokens and from ICO tokens obviously.

https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

https://medium.com/@coinmarketcapped/part-a1-fraudulent-data-provided-on-coinmarketcap-distorts-entire-crypto-currency-market-77e01f067b49

But have you checked to see if there info is inaccurate? always do research before saying this is a scam or not a scam because you could end up REKT

You always gotta be on your A game, this is the wild west!

But did you try to read my post first and the medium post/article? Obviously not due the article is 37 minutes to read Roll Eyes

Did I say scammers? Who?

And BTW always do read any article and understand first before saying anything Roll Eyes

suzanne5223

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Quote from: rivkavender on March 26, 2018, 08:42:05 AM

Quote from: suzanne5223 on March 26, 2018, 08:25:24 AM

I personally don't believe what was said in the video because coin marketcap was long existing coin list and market update. However, we don't have to jump into conclusion here.

Have you checked the info yourself though? to see if they are in fact missing coins and things like this?

Never watch the video but I read the article that explained the whole scenario and to be honest there are some information provided by coin market cap which is quite different to blockchain informatio. Example bitcoin market cap.

Topic: Coin Market Cap SCAM!!! - page 2. (Read 809 times)