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Topic: coinmarketcap rates (Read 144 times)

hero member
Activity: 774
Merit: 500
Look ARROUND!
December 16, 2017, 12:21:30 PM
#8
Hi

aim wondering which source is used at coinmarketcap.

since they have no own exchange they need to receive a data stream from somewhere.

Most of the times the rates especially for BTC is the highest I could find somewhere.

thanks
Bitcoin is a speculative effort that many people bring together to bring a price for the coin. Coinmarketcap is an estimate based on an exchange price or the total supply of the coin.
member
Activity: 378
Merit: 10
December 16, 2017, 08:48:57 AM
#7
I also can't understand where the Coinmarketcap takes its quotes. Maybe CMC gives an average value from different crypto-exchanges.
If you go to a specific cryptocurrency, there are quotes from different exchanges depending on the sales volume.
full member
Activity: 294
Merit: 102
December 16, 2017, 07:13:21 AM
#6
Hi

aim wondering which source is used at coinmarketcap.

since they have no own exchange they need to receive a data stream from somewhere.

Most of the times the rates especially for BTC is the highest I could find somewhere.

thanks

marketcup is difference from exchange site into other if your place or country have demand exchange site will be high and other low

sometime difference between north and east of country more than 2000$.

also sites and channel give you average
newbie
Activity: 17
Merit: 0
December 16, 2017, 05:57:30 AM
#5
that sound great. they should display the rates better. Its sad that there is no way to transfer fast USD from one exchange to another. otherwise u could buy BTC at Bitfinex and sell at gadx and vise versa.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
December 15, 2017, 05:28:25 PM
#4
I've found that Google's rate is sometimes higher than the Coinmarketcap rate (now is a poor example, as at the time of this post it's only 1 dollar higher).

Personally, I've found Coinmarketcap to be a reliable source of statistics and while I do doubt their integrity because of all the Ponzi scheme related ads that they run, I don't doubt their ability to continue giving accurate statistics.

If you really don't trust them, you could try calculating the mean average price from all of the exchanges individually, but that could take a long time, during which the price could fluctuate more.
newbie
Activity: 22
Merit: 0
December 15, 2017, 05:23:47 PM
#3
Coinmarketcap averages out of all exchanges listed. Some of the data is delayed or possibly manipulated. Also into account comes in the circulated supplies + total. Other lists are usually missing one, so even though the rates may be higher through them, at least the market caps are usually a little better.
hero member
Activity: 849
Merit: 507
December 15, 2017, 05:18:37 PM
#2
Coinmarketcap is always using an average price (promedium) between all the exchanges that have bitcoin listed on their platforms.

Most of the times the rates especially for BTC is the highest I could find somewhere.

And no, gdax is probably the only exchange that has bitcoin over $800 - $1000 of the actual price.

The same happens with BitHumb, when there is too much volatility, the price between it and the other exchanges  are far more than 10 or 12 percent.

newbie
Activity: 17
Merit: 0
December 15, 2017, 05:14:38 PM
#1
Hi

aim wondering which source is used at coinmarketcap.

since they have no own exchange they need to receive a data stream from somewhere.

Most of the times the rates especially for BTC is the highest I could find somewhere.

thanks
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