Author

Topic: CoinMarketcap Manipulating the Placement of your Altcoin using Low Volume (Read 484 times)

sr. member
Activity: 1190
Merit: 305
Pro financial, medical liberty
sr. member
Activity: 546
Merit: 250
For years CMK,
had set Low Volume trading under $10 in 24hrs trading

This means no matter how much your coin was worth , if the 24 hour trading volume was below $10 ,
your coin was removed from the standard listing and placed 3 or 4 pages from the 1st page in a Low Volume Section, where you were least likely to be seen.

No one complained about this as it had been a set standard of CMK.

Then ~1 Month ago with absolutely no notice to the public ,
CMK, quietly switched it to anything under $100 per 24 hours moved to Low Volume decreasing their visibility.

Again , No one complained.

Now today less than ~ month from the last change
Low Volume trading is anything under $500 in 24 hrs trading
 

This gives a Direct Marketing Advantage to coins on Exchanges like Poloniex & Bitterex where the 24hours volume is Faked on a Daily Basis.
You want proof of this look at the recent list of coins Poloniex is delisting on May 2nd, almost all had 24hrs trading volumes over 100 Thousand Dollars.
Those Numbers were obviously Faked, to increase the price before the exchange dumped them, a key telling point is that these delisted coin's trading volume a month after the delisting will be lucky to see $100 per day much less 100s of thousands.

So Now CMK has sold out the Altcoin communities , to favor the coins hosting on the exchanges faking trading volume.

As I see it , our only choices , if CMK persists in this Blatant Manipulation & Falsifications of our actual values in favor of selected cheating exchanges.

We should all pull all advertisement from CMK,
and start a search for a Reliable Marketcap reporting site and begin promoting the honest site over CMK that is free of Poloniex's manipulations.

For those feeling a larger financial impact from these new false manipulations
May want to start an Collusion/Antitrust lawsuit against CMK & Poloniex, if anyone wants to spearhead that, this is the forum to announce it.


 Cool

Honestly your review for me is eye opening. I know that sites are not really trustable when it comes to the price because i compared them and each in everyone of them has different prices and each time they are not synchronized in prices. Poloniex bittrex CMK and preev. These sites are whats popular to me and it's hard to see any of there similarities in terms of prices. But only poloniex and bittrex has had issues during the btc pump and i assume a lot were sold so they were doing some maintainance.
hero member
Activity: 874
Merit: 1000
There are plenty of other sites that track similar data. I'm in favor for moving away from the current exchange system actually. I've got my eye on a few projects like Bancor and CoinDash that I'm hoping take off and put a dent in issues like these (CoinDash will be completely self-contained, no need for CMK or other exchanges from what I understand, and Bancor isn't even counterparty).
legendary
Activity: 1092
Merit: 1000
For years CMK,
had set Low Volume trading under $10 in 24hrs trading

This means no matter how much your coin was worth , if the 24 hour trading volume was below $10 ,
your coin was removed from the standard listing and placed 3 or 4 pages from the 1st page in a Low Volume Section, where you were least likely to be seen.

No one complained about this as it had been a set standard of CMK.

Then ~1 Month ago with absolutely no notice to the public ,
CMK, quietly switched it to anything under $100 per 24 hours moved to Low Volume decreasing their visibility.

Again , No one complained.

Now today less than ~ month from the last change
Low Volume trading is anything under $500 in 24 hrs trading
 

This gives a Direct Marketing Advantage to coins on Exchanges like Poloniex & Bitterex where the 24hours volume is Faked on a Daily Basis.
You want proof of this look at the recent list of coins Poloniex is delisting on May 2nd, almost all had 24hrs trading volumes over 100 Thousand Dollars.
Those Numbers were obviously Faked, to increase the price before the exchange dumped them, a key telling point is that these delisted coin's trading volume a month after the delisting will be lucky to see $100 per day much less 100s of thousands.

So Now CMK has sold out the Altcoin communities , to favor the coins hosting on the exchanges faking trading volume.

As I see it , our only choices , if CMK persists in this Blatant Manipulation & Falsifications of our actual values in favor of selected cheating exchanges.

We should all pull all advertisement from CMK,
and start a search for a Reliable Marketcap reporting site and begin promoting the honest site over CMK that is free of Poloniex's manipulations.

For those feeling a larger financial impact from these new false manipulations
May want to start an Collusion/Antitrust lawsuit against CMK & Poloniex, if anyone wants to spearhead that, this is the forum to announce it.


 Cool
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