CMC (and to a lesser extent CoinGecko lost out followers when they decided to become very selective concerning which coins/tokens/exchanges they are prepared to show on their website. Another failing is when they DO list a coin/token/exchange and those details change (delisting/listing etc) neither updates that information.
Plus CMC has no real presence here in the forum.
Topic: Coinmarketcap is collapsed from traffic (Read 356 times)
There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell. Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.
You are right, exchanges tend to go down when trading volume spikes. This is not a DDOS attack but is a potential attack vector. In the past, Bitfinex was attacked by someone creating many accounts, and depositing small/dust amounts into their accounts, wrecking havoc on their hot wallet UTXO set to be used for customer withdrawals. Requiring KYC verification will stop this attack.
There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell. Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.
There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell. Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.
using coinmarketcrap...yikes!
simple as (:
simple as (:
I also stop using Coinmarketcap, Coingecko is much better you can register here register your portfolio so you can only check coins that are on your portfolio, you also have rewards in the form of points where you can buy affiliate stuff with a big discount, if you are investing in new coins you can see it here first, Coinmarketcap is always last to list a coin sometimes they don't list at all.
There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.
Coinbase was also down earlier in the day. Prices were down heavily today, and this resulted in heavier traffic to exchanges and sites like CMC. I wonder how much Coinbase and Binance going down contributed to the acceleration of price declines.
I read somewhere that they have resolved it already but it took almost an hour? I'm not really sure. A lot of people might have panic sold and was surprised when it bounced back right up a higher price again. Maybe they are involved with the whales having those types of orders? Or a lot of people just trying to access and it overloaded the system? Probably the latter.The issue was first noted at 6:12 AM PDT, a fix was implemented at 7:38 AM PDT, and was marked at resolved at 8:36 AM PDT. There were a number of issues at coinbase throughout that day, and it looks like they might have had some additional downtime later that evening, when trading volumes were anticipated to be lighter to perform some maintenance.
It seems like many bitcoin related services and websites do not scale very well when they encounter heavy traffic volume. I understand why an exchange might have more difficult scaling 'on demand' due to security issues, but I would think it would be almost trivial for a site like CMC to scale. I would think CMC is fairly profitable, so I don't think cost would be an issue as to why they would be unable to scale.
This. Since Binance acquired CMC, it seems that it suddenly became a bit too bloated that it's been taking the whole page to load when you scroll down immediately after opening the page. Even with parts of the page missing like so:
And it's been like this for a while now, not just in peak times.
Coinmarket really was pissing me off yesterday during the crash but meh we hodl.
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I could guarantee that these services do indeed upgrade their hardware and software in anticipation of traffic spikes; but traffic spikes can easily easily heavily go far beyond their expectations especially in times of huge volatility. It's not like they like their platforms to go down; they make money off web traffic and exchange fees, after all.
They should have expected that they will have a high traffic a long time ago given that cryptocurrency is gaining popularity and they are some of the top searches that is related to it, they could have slowly upgraded along the way.
I could guarantee that these services do indeed upgrade their hardware and software in anticipation of traffic spikes; but traffic spikes can easily easily heavily go far beyond their expectations especially in times of huge volatility. It's not like they like their platforms to go down; they make money off web traffic and exchange fees, after all.
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It's not something where you simply just update your software and you're good to go. Chances are, this is going to need hardware upgrades as well. We like to talk crap about these services a lot, but let's not forget that these sites are one of the highest traffic websites outside the top social media platforms.
How come they are still experiencing this kind of thing, shouldn't they have an updated software and something that will help them in terms of web traffic?
It's not something where you simply just update your software and you're good to go. Chances are, this is going to need hardware upgrades as well. We like to talk crap about these services a lot, but let's not forget that these sites are one of the highest traffic websites outside the top social media platforms.
How come they are still experiencing this kind of thing, shouldn't they have an updated software and something that will help them in terms of web traffic?
using coinmarketcrap...yikes!
simple as (:
simple as (:
This. Since Binance acquired CMC, it seems that it suddenly became a bit too bloated that it's been taking the whole page to load when you scroll down immediately after opening the page. Even with parts of the page missing like so:
And it's been like this for a while now, not just in peak times.
I was pretty early in ADA from $1 up to 2.2$.
I hope you found a way to recover or just be break even. The market is really volatile but I hope for the best, in this case, back up to the ATH price. Coinbase was also down earlier in the day. Prices were down heavily today, and this resulted in heavier traffic to exchanges and sites like CMC. I wonder how much Coinbase and Binance going down contributed to the acceleration of price declines.
I read somewhere that they have resolved it already but it took almost an hour? I'm not really sure. A lot of people might have panic sold and was surprised when it bounced back right up a higher price again. Maybe they are involved with the whales having those types of orders? Or a lot of people just trying to access and it overloaded the system? Probably the latter. 
Binance has crashed and it's still down. CMC might have been affected as well. Lol. Wouldn't you be scared if you have a lot of money invested in the market?
Anyway, upon checking right now, it still works, no crashes here.
Anyway, upon checking right now, it still works, no crashes here.
I have 20k in the market. is 95% of my money
Wow I can't imagine how stressful you are right now for seeing the current market rate if your funds still on exchange or on your personal wallet. Also maybe you need to relax since for me its normal many people are now watching the price on coin tracker price site since the market is dumping and people want to monitor the price from time to time. As of this writing CMC are totally fine so don't worry if you think this one could start a fud since fuders cannot use this, its a small issue which can be solve faster by them.
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There was a lot of alternative for Coinmarketcap.
Coingecko and Coinpaprika, if you just want to check the prices of cryptocurrency at that time, using an alternative for coinmarketcap will do.
Or using an exchange just like FTX Exchange will do if you will check prices, as far as I know, FTX got the most very low downtime yesterday, around 60 seconds only total. Which is the most reliable exchange at that time compares to Binance and other exchanges which down most of the time yesterday's dump.
Coingecko and Coinpaprika, if you just want to check the prices of cryptocurrency at that time, using an alternative for coinmarketcap will do.
Or using an exchange just like FTX Exchange will do if you will check prices, as far as I know, FTX got the most very low downtime yesterday, around 60 seconds only total. Which is the most reliable exchange at that time compares to Binance and other exchanges which down most of the time yesterday's dump.
Most of the coin tracker app yesterday was down even coingecko due to heavy traffic. Since most of this coin tracker website solely depends on exchange price. All of this kind of sevices is not working because all exchange is under maintenance which is there source.
There was a lot of alternative for Coinmarketcap.
Coingecko and Coinpaprika, if you just want to check the prices of cryptocurrency at that time, using an alternative for coinmarketcap will do.
Or using an exchange just like FTX Exchange will do if you will check prices, as far as I know, FTX got the most very low downtime yesterday, around 60 seconds only total. Which is the most reliable exchange at that time compares to Binance and other exchanges which down most of the time yesterday's dump.
Coingecko and Coinpaprika, if you just want to check the prices of cryptocurrency at that time, using an alternative for coinmarketcap will do.
Or using an exchange just like FTX Exchange will do if you will check prices, as far as I know, FTX got the most very low downtime yesterday, around 60 seconds only total. Which is the most reliable exchange at that time compares to Binance and other exchanges which down most of the time yesterday's dump.
Everything collapsed from overload and high traffic not just coinmarketcap, coingecko and exchanges had trouble to deal with so much traffic and I saw withdrawals being suspended.
Best thing to do in times like this is to avoid watching those websites and your portfolios
Best thing to do in times like this is to avoid watching those websites and your portfolios
Yeah, there was a high influx of people going over these sites to check how fast crypto prices were dropping. It's even worse on Binance especially for those futures traders because they were unable to login and close their open positions but it wasn't possible. Anyway, majority of those positions were liquidated. The last time I checked, Binance was trending on crypto twitter after the outage. Its just funny how Binance becomes unable in critical times like this.
I just left my portfolio for several hours without looking at the damage so I don't get tempted to sell at a loss. Thankfully, I kept my portfolio in check. Bad times.
Binance has crashed and it's still down. CMC might have been affected as well. Lol. Wouldn't you be scared if you have a lot of money invested in the market?
Coinbase was also down earlier in the day. Prices were down heavily today, and this resulted in heavier traffic to exchanges and sites like CMC. I wonder how much Coinbase and Binance going down contributed to the acceleration of price declines. Jump to: