Topic: Coin Market Cap SCAM!!! - page 3. (Read 858 times)
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?
They have to update coinmarketcap to make accurate and reliable price analysis cause this issue might be cause of all FUD. That's why all altcoin are going down for no reason. All the web devs of CMC have to do is to scrape data from 100 or more exchanges to make accurate market price results or they're doing this on purpose.
Everything is going down right now. There's blood in the streets and all we're seeing is red. None of that has anything to do with some market cap reporting website accidentally getting a few things wrong on a small margin. If you can show me something with a 10% difference I'd be more compelled to think it was done intentionally.
What the fuck, if this is true it is really bad news. To be hinest I have a tab from coinmarketcap opened right now and I need to rethink my information source, thanks for this.
But to be honest I am not to surprised I just tokk this one for granted.
But to be honest I am not to surprised I just tokk this one for granted.
They have to update coinmarketcap to make accurate and reliable price analysis cause this issue might be cause of all FUD. That's why all altcoin are going down for no reason. All the web devs of CMC have to do is to scrape data from 100 or more exchanges to make accurate market price results or they're doing this on purpose.
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
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!
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?
https://www.youtube.com/watch?v=3ql-_TZH9rc&t=812s
and what do you guys think is going on?
This is a very serious case:
By listing falsified Circulating Supply, CoinMarketCap has the power to decide which coins “win” and which coins “die”. An incorrect Circulating Supply upwards is in the favor of a coin, and brings much higher rates of user attention and positive media exposure with the increased market capitalisation and higher ranking. An incorrect Circulating Supply downwards in number, drains the coin of volume, trading, market attention and eventually leads to its death. If correct (or at least much closer to correct) data for Circulating Supply was shown for a lot of the coins we examined, this list would look quite a bit different. Some coins would move dozens or even hundreds of spots up or down if it was not for the fraudulent data shown to users on CMC.
in short they have become a kind of divine beings of the crypto world and they can have huge profits with this manipulation and the work of many Dev will go to waste and many people will lose a lot of money. Constantly (and I do that) we say that the X coin is not good because it has a very low place in the CMC, reading this news makes me feel ashamed, I use CMC a lot to trade and now I'm going to have to look for another alternative to CMC . Frankly, this world is full of people with exaggerated ambitions.
The guy is going over an article that was written a little while ago. The article gives me SJW vibes, and has a lot of tribalism in it. I don't give a crap of BCH (BCASH) but that article is attacking Coin Market Cap for having bitcoin.com and forum.bitcoin.com listed as #2 on some subjects on Bitcoin's info. Like who actually cares... and supposedly 75% of the information is wrong across all coins, but one of the things they say is wrong is there is differing amounts between Coin Market Cap and blockchain.info about total circulation by less than 700 BTC. I mean most of this just seems like a hit piece. Guy in the video is fine, he's just going over the article (which is just splitting hairs). If they're off by a margin of 1% or less is that really a big deal?
Does anybody know a similar website but with better features?
There are quite some other options to choose from.
These 3 have pretty much the same featuers as CMC:
Note that there are way more than just 3 alternative to CMC. Those are these which are used most frequently by people.
I will also add https://coincheckup.com/ to this list. There are many alternative with coinmarketcap so I think it is time for people to move on and find another site that will provide more accurate data. There may be many people who depend on it but it is time to shift and mistakes are made from time to time. I don't think that they intend to scam anybody. It is just that they are outdated and they need to update their info because many people depend on the data they provide. With the amount of traffic they get every day, it is time for them to at least spend an effort updating their site otherwise they would lose a lot eventually.
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.
Yeah me too after using their services so easily and greatly I'm hands up to their work now this? I wish this would be a hoax only. There sorts of stuff that had been going recently about coin market scam. All those news are not always true if we cant can't trust anybody by the video then why would he trust the news.
Oh, My! In as much as I don't want to believe what was said in that video but it's really alarming. I have really trusted CoinMarketCap. Since I started out with bitcoin, I have never used any alternative website for coin and price update expect CoinMarketCap. I bet their traffic will drop if this video is viewed by many people. I really like them but they should please fix this.
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
You think manipulating the market should not be considered as a scam ? Well,it depends how many people are affected and if people are losing money due to the fake numbers.In our case,cmc is exactly doing the same.I would leave the decision of calling them a scam/not-scam to you but they certainly shouldn't be trusted anymore.Better yet,stop visiting their website.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
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
You think manipulating the market should not be considered as a scam ? Well,it depends how many people are affected and if people are losing money due to the fake numbers.In our case,cmc is exactly doing the same.I would leave the decision of calling them a scam/not-scam to you but they certainly shouldn't be trusted anymore.Better yet,stop visiting their website. 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
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
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
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?
https://www.youtube.com/watch?v=3ql-_TZH9rc&t=812s
and what do you guys think is going on?
Who said to you coinmarketcap is scam dude. Please do not believe all the videos on Youtube. It might be created for getting more number of views as well. So please check the coinmarketcap.com listed coins and other information about each coin.
It could explain you better in understanding about them. If you are worry about their advertisement, that is their earning method.
Suspecting that you are looking for get the views for your video itself
I hope it isn't true. But as others have said before me, there are better sites out there for sure.
I wonder if CMC even hosts a full node. Not that I'm a big fan of Blockchain.info, but even their numbers looks more reliable then CMC's. Damn shame!
Do they have to host a full node? As far as I understand CMC just aggregates data from exchanges.
no they don't run a full node and they don't have to run a full node. Coinmarketcap.com is not an exchange to need to run one and it is not an exchange to be able to even affect the market the way all these dramatic articles these days are suggesting they did!
you are correct, they just gather data from exchanges and put them on their website and that data is updated every 5 minutes. and just because there may be some wrong data there doesn't mean they are "scamming"!
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?
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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.
Does anybody know a similar website but with better features?
There are quite some other options to choose from.
These 3 have pretty much the same featuers as CMC:
Note that there are way more than just 3 alternative to CMC. Those are these which are used most frequently by people.
Are you sure these dont just run off of CMC data base?
Does anybody know a similar website but with better features?
There are quite some other options to choose from.
These 3 have pretty much the same featuers as CMC:
Note that there are way more than just 3 alternative to CMC. Those are these which are used most frequently by people.
These sites look good, thanks!
One feature I am yet to find though is historical charts of daily trade volume for each of exchanges listed. Doesn't seem any of the site you've shown has it.
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