CoinMarketCap manipulates the market? (Not FUD) - page 2.

Goodmens

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Quote from: starblocks on March 26, 2018, 02:51:36 AM

There are other indexes that people can use to cross-reference the data on coinmarketcap like: https://coincheckup.com

The data is not always going to be 100% accurate on all assets due to occasional exchange issues, glitches with block explorers or server outages etc and a backlog of new listings and updates

https://coincheckup.com is one of my favorite ones. There are other ones likes Bitscreener, www.Cryptocompare.com www.coinspot.com www.coingecko.com www.coincodex.com www.microcapcrypto.com I actually have a list of them, as well as over 80 ICO rating websites as well. There is way too much information out there.

despondency

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I think that they influence the actions of the crowd. When a newcomer goes to the site and sees a market fall, he starts to panic and sell tokens at a loss, it's like a snowball.

kawacaki

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For example since a couple months they are refusing to correctly show the circulating supply of safex.
Wich is the full 2,1 bill coins and not the 1,5 cmc is showing.

bitcoinposts

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it's better to follow CCN.com as the best coin index cap they provide good insights and genuine data on crypto currencies

Mazt rhiezt

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Coinmarketcap remains the best website even if you give bad news does not make me stop believing it, because the coin movement is very volatile and certainly many people understand how the coinmarketcap work that may not be able to provide data every minute.
please you search any site that refers to the exact same results that there will be data that is a bit late and that is reasonable

mbauman89

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https://wagabet.com/?ref=4GhhtoyKXXeVtx83ispZ1T

Not suprise. Greed is unlimited.

starblocks

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There are other indexes that people can use to cross-reference the data on coinmarketcap like: https://coincheckup.com

The data is not always going to be 100% accurate on all assets due to occasional exchange issues, glitches with block explorers or server outages etc and a backlog of new listings and updates

Vispilio

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Quote from: Zadicar on March 25, 2018, 04:59:07 PM

Quote from: Vispilio on March 25, 2018, 04:45:03 PM

Doesn't sound like a serious or well thought criticism at all.

If CMC were indeed engaged in such practices, it would be very easy to spot the fraud by cross checking with numerous other websites publishing market caps (coingecko etc.).

You can't get to be number 1 of any service by practicing such low class behavior, so while it's essential for every investor to do his own thorough research, this article has a very high chance of being fake news and sinister in nature...

I have the same views towards this that this might really be a fake news.We don't even know if those informations are just tend to be pending or not updated due to some reasons or they have done it for some evil intents.No one really knows but same as you said getting to be number 1 when it comes to these kind of sites you wont really able to achieve this if they haven't proven theirselves when it comes to listing out tokens on the market with various informations.If someone complained about non-updated numbers then give them some time to put the correct ones.

thanks for the vote of confidence. I like your reasonable post, I also noticed that for new coins CMC waits a little bit till there is solid volume and market activity confirmed by multiple sources before publishing numbers, which is only natural, as there are also many scam exchanges that publish fake volumes to boost their exchange's popularity...

Goodmens

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Well said! There are many indeed. CoinCheckup and CoinGecko are some alternatives.

QFT

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There are enough alternatives to coinmarketcap but if everybody keeps using coinmarketcap there won't be any change.

renes

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The loss it would make is bigger than the any gain by manipulating the market. That coinmarketcap manipulates the market is more likely to be fud.

Zadicar

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DGbet.fun - Crypto Sportsbook

Quote from: Vispilio on March 25, 2018, 04:45:03 PM

Doesn't sound like a serious or well thought criticism at all.

If CMC were indeed engaged in such practices, it would be very easy to spot the fraud by cross checking with numerous other websites publishing market caps (coingecko etc.).

You can't get to be number 1 of any service by practicing such low class behavior, so while it's essential for every investor to do his own thorough research, this article has a very high chance of being fake news and sinister in nature...

I have the same views towards this that this might really be a fake news.We don't even know if those informations are just tend to be pending or not updated due to some reasons or they have done it for some evil intents.No one really knows but same as you said getting to be number 1 when it comes to these kind of sites you wont really able to achieve this if they haven't proven theirselves when it comes to listing out tokens on the market with various informations.If someone complained about non-updated numbers then give them some time to put the correct ones.

Vispilio

legendary

Activity: 2128

Merit: 1657

Doesn't sound like a serious or well thought criticism at all.

If CMC were indeed engaged in such practices, it would be very easy to spot the fraud by cross checking with numerous other websites publishing market caps (coingecko etc.).

You can't get to be number 1 of any service by practicing such low class behavior, so while it's essential for every investor to do his own thorough research, this article has a very high chance of being fake news and sinister in nature...

alani123

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Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

I think coinmarketcap is unique in concept. Combining important aspects of cryptocurrency market data in a way that stock market stat watching services couldn't. However, there are several aspects of it that I don't really like.

First: Ticker data is not a good indicator of price by any means. Tickers (which coinmarketcap uses to get prices) can be programmed based on different rulesets from exchange to exchange, can be far from actual market prices (some exchanges show the middle between bid/ask) and can even be utterly faked by exchanges.

For a website that tracks market capitalizations of cryptocurrencies through more accurate means, people should check https://cryptocoincharts.info. They track prices based on all actual trades that happen on exchanges.

blue_nexus15

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█ J A X N E T W O R K █

Quote from: SerenW on March 25, 2018, 10:29:06 AM

CMC is nothing in front of Coinbase, which were also involved in insider trading activities. Anyone remember when the BCH listing was going to happen and was just in rumours, Coinbase employees and even their relatives heavily invested in Bcash and after the listing, Bcash got the heavy pump to $3k from $300. And there was also a news about the investigation regarding this insider trading of coinbase. So the point is who to blame man? Crypto is at very early stages and everyone is trying best to multiply their passive income assets.

The cryptocurrency market is so small that it is unavoidable that the market is manipulated by wealthy investors and large trading sites such as Coinbase Coinmarketcap are unavoidable. Keep track of market movements to keep up with trends and increase profits.

WalkerIVIV

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Cryptocasino.com

Quote from: drrekkty on March 25, 2018, 10:27:47 AM

Ok, you can accuse CoinMarketCap, but at the same time we don't have another alternative to follow price changes, so even they manipulate prices by not showing volume of some coins, it is still best site for majority of crypto users

We have a lot of alternatives to the CMC itself. Cryptocompare, Coincodex, Coingecko, and coinlib. But it looks like CMC is very familiar with the majority of crypto users right now.

Not showing volume means if there is a problem with the developer to calculating the circulating supply of the coin itself.

It's not including on what you have called it as a manipulation.

SerenW

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CMC is nothing in front of Coinbase, which were also involved in insider trading activities. Anyone remember when the BCH listing was going to happen and was just in rumours, Coinbase employees and even their relatives heavily invested in Bcash and after the listing, Bcash got the heavy pump to $3k from $300. And there was also a news about the investigation regarding this insider trading of coinbase. So the point is who to blame man? Crypto is at very early stages and everyone is trying best to multiply their passive income assets.

drrekkty

member

Activity: 462

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Ok, you can accuse CoinMarketCap, but at the same time we don't have another alternative to follow price changes, so even they manipulate prices by not showing volume of some coins, it is still best site for majority of crypto users

billysaputra

sr. member

Activity: 476

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a lot of news circulating if coinmarketcap feel not transparent, but i still see cmc give update about coin and volume price and still according to market condition, if coinmarketcap not transparent i think it is time transparent to public.

target

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The problem is that, its their website and we could do nothing about it if they don't update info. Of course they can reason they are busy doing something else. There are several alternative to look at though like this one here https://coincap.io Not all people checks the CMC, I have been monitoring projects for years, I don't rely much to that site but its better to just go into your fav exchange where the coin you want to trade is listed.

Topic: CoinMarketCap manipulates the market? (Not FUD) - page 2. (Read 449 times)