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Topic: Coinmarketcap or Coingecko? - page 16. (Read 4626 times)

sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
April 17, 2020, 12:24:04 PM
#78
Frankly speaking, I prefer using Coinaprika or Coingecko instead of Coinmarketcap. Coinmarketcap might have achieved a big name in this industry but they are not offering the best of services to this industry. They just list tokens without doing any research. Moreover, on Coingecko, one can calculate the value of a token he is holding.
legendary
Activity: 1932
Merit: 1005
April 17, 2020, 12:03:27 PM
#77
i use both coinmarketcap and coingecko , but most only for checking prices , i don't think that i can base my decisions on information that i get from both of them.

i also heard that CMC is sold to another big investor, so for now i both do not trust them for all my info about projects
jr. member
Activity: 714
Merit: 3
April 17, 2020, 11:53:23 AM
#76
Coingecko has their own way of ranking than coinmarketcap does. Coinmarketcap ranks based on what's happening. For instance a token is pumped by 1000% and volume increases, its automatically ranked in coinmarketcap but Coingecko will take other measure to determine if this is really the value of the coin or its just a pump. Their algorithm differs so to say.
member
Activity: 1050
Merit: 10
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April 17, 2020, 11:41:52 AM
#75
I always go for coinmarketcap. I know coinmarketcap has some problem but it's not all their problem.Sites like coinmarketcap or coingecko they showed every data based on what exchanges share with them. We all know many exchanges use bot trading to show volume. So don't go for all small details always check 2-3 place before finalize something.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
April 17, 2020, 11:31:21 AM
#74
Coingecko all the way even before Binance bought Coinmarketcap...

Why whats the difference? In my opinion, both portfolio tracker are the same. The only thing about cmc is they are more famous but if you use coingecko you can notice that there is no difference. If Binance will improve and adds more feature maybe they can make a difference. Buying 400m is not worth it and so expensive. Im wondering whats CZ see in this, to make him decide to be a part owner of coinmarketcap.
Agree both are excellent in crypto data aggregating however we will base on dates from these both has started we can easily conclude that coinmarketcap is more popular because it started earlier than the Coingecko although the time gap is not that long but I'm pretty sure that it mattered. Binance already acquired the coinmarketcap, maybe because of the popularity and they not even include coingecko in the bid. I'm voting for coinmarketcap, I'm not against coingecko but if you ask every one in here what they are using from these most them will say it's coinmarketcap with no hesitation.
sr. member
Activity: 1498
Merit: 326
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April 17, 2020, 11:25:55 AM
#73
Coingecko all the way even before Binance bought Coinmarketcap...

Why whats the difference? In my opinion, both portfolio tracker are the same. The only thing about cmc is they are more famous but if you use coingecko you can notice that there is no difference. If Binance will improve and adds more feature maybe they can make a difference. Buying 400m is not worth it and so expensive. Im wondering whats CZ see in this, to make him decide to be a part owner of coinmarketcap.
sr. member
Activity: 1701
Merit: 308
April 17, 2020, 11:23:26 AM
#72
Actually CMC has been so popular among the community, especially crypto users and all the coin rankings we can see with detail, but if what you say is right then they have destroyed their belief by itself if indeed P2PB2B has forged volume then the CMC must take action for more and more that use the market.
member
Activity: 1540
Merit: 68
April 17, 2020, 11:25:12 AM
#72
For example, I heard lot that P2PB2B is one of the bullshit exchanges because it has fake volume, but why on coinmarketcap can in the top 3?
Whereas on Coingecko P2PB2B is ranked 114, Does coingecko know if it's bullshit exchange? so it's not in the top 3 like in coin marketcap

So which one do you trust more?

Either Coinmarketcap or coingecko ; you need to remember that both are guides to price of tokens and their volume on exchange platforms.

Coinmarketcap or coingecko should not be your final stop: always check the listed exchange platform for further verifications as regard the volume, the price and the buy orders.

About p2pb2b exchanges; i personally do not disregard any exchange platform because as shit as any exchange may be; if you see a token trading well you have no choice than to use it.

Just remember not to leave your assets on exchange platform
jr. member
Activity: 45
Merit: 1
April 17, 2020, 11:19:28 AM
#71
Coingecko trust score for exchanges is more reliable than CMC.
I personally think coingecko cared more for credibility before but we will see what will happen with binance.
copper member
Activity: 966
Merit: 14
April 17, 2020, 11:18:47 AM
#70
To me both are the same, and therefore I don't trust any of them because both are always found wanting in one angle or the other. Where one reports the correct thing about exchanges the other reports fake ratings, thus, does it mean the other reporting the correct thing is better? The answer is No. I mostly use them to get the exchange a project is listed on and nothing more, that is to say whatever information they display is always questionable and therefore they need to improve.
sr. member
Activity: 1400
Merit: 259
April 17, 2020, 10:42:10 AM
#69
I'd rather use Google.  Grin

CMC or Coingecko. I don't go there when searching for a crypto currency or an exchange.
I'd rather pick someone who posted their own list on twitter or in blogs.
That may be researched deeper than this services which are mostly just for money.
legendary
Activity: 3094
Merit: 1069
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April 17, 2020, 10:36:40 AM
#68
I'm used to coinmarketcap and knows where I can get the things I needed. They load faster and are on top on google searches for coin. I visit coingecko for coins that are not listed on coinmarketcap and they provide lesser info that what coinmarketcap provides. Both of them are improving and coingecko is trying hard to be more advanced than cmc but with the binance acquisition, we can expect further improvement in cmc.
jr. member
Activity: 189
Merit: 2
April 17, 2020, 10:32:53 AM
#67
Coingecko all the way even before Binance bought Coinmarketcap...
sr. member
Activity: 1078
Merit: 250
April 17, 2020, 10:29:11 AM
#66
Coingecko can be more honest exchnage due to it independancy
Why did you say that to Coingecko? Are you really sure about Coingecko,
because everything that we don't want can happen unexpectedly in the crypto world.
hero member
Activity: 938
Merit: 501
April 17, 2020, 10:19:49 AM
#65
I agreed, P2PB2B is totally shit exchange with fake volume  , I trust coinmarketcap Because i use it, not only P2PB2B fake volume more exchange doing bot trade like bitforex, so rank in no matter for me  Grin
Yes, in terms of the site, coinmarketcap is very feasible to be used by everyone, because all the things that are needed by users are there, although there are some exchanges that are not suitable to be used also listed there (coinmarketcap) and are often ranked at the top due to the volume false.
Agree with you, obviously coinmarketcap will help people get more information about altcoins. But sometimes coinmarketcap has also been tricked by the exchange's trading bots, which have faked the volume and caused the coinmarketcap to misrepresent these bullshit exchanges.
member
Activity: 1008
Merit: 12
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April 17, 2020, 10:17:53 AM
#64
Well, to be honest i usually check coinmarketcap whenever i need to check any tokens, prices or other things but i think these platforms do not really have much control over individual exchanges because they will display whatever volume data is transferred to these platforms via APis that are just a linking tool.
legendary
Activity: 3108
Merit: 1029
April 17, 2020, 10:14:43 AM
#63
Coingecko can be more honest exchnage due to it independancy
CMC was also independent since it was started, after it has become a very popular marketcap site and the creator of CMC has already started to get money from there by selling some promotion into the CMC's site. This was badly affecting the independentcy that already owned by CMC itself as a neutral site.
full member
Activity: 983
Merit: 100
April 17, 2020, 09:59:45 AM
#62
I agreed, P2PB2B is totally shit exchange with fake volume  , I trust coinmarketcap Because i use it, not only P2PB2B fake volume more exchange doing bot trade like bitforex, so rank in no matter for me  Grin
Yes, in terms of the site, coinmarketcap is very feasible to be used by everyone, because all the things that are needed by users are there, although there are some exchanges that are not suitable to be used also listed there (coinmarketcap) and are often ranked at the top due to the volume false.
full member
Activity: 2324
Merit: 175
April 17, 2020, 09:52:49 AM
#61
I'm using coinmarketcap just for the sake of reference and to check certain coins price. If those coins are listed on shit exchanges then it's not the coinmarketcap fault because said site is just collecting the data on one place, I don't know why people seems to hate CMC as it's just for reference.
That's I'm also what I'm looking at I maintain Coinmarketcap and just added Coingecko, coinmarketcap do not added new coins in the market with volumes like Idena my favorite coin right now but Coingecko added new coins even if the coins are new and do not have large volume.
hero member
Activity: 2548
Merit: 572
#SWGT CERTIK Audited
April 17, 2020, 09:42:46 AM
#60
I have never considered the ranking of exchanges on CMC to be reliable. Currently I use coinmarketcap for the sole purpose of looking at the prices of coins, and it's more of a habit than because of me. want to use it....
We got used to using CMC already, so even if there's a new one, still we will be using CMC as we don't actually look for a more detailed information, we just look at the CMC to see the current price and we go to the other site or this forum to check the reason on the price movement.
Many users simply trust those numbers that they see on the coinmarketcap and do not go to other sites. This is a problem. many exchanges manipulate the course and provide not real volumes and we see all this lie on the coinmarketcap. Everyone who uses this site must need to learn how to verify the information.
coinmarketcap least this time can still provide an update on any new cryptocurrency and can be used as a trading volume of information even though his movement may be subject to manipulation, but I believe only a few percent because the important thing is how we as traders can address it properly.
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