Does CoinMarketCap (CMC) manipulates the market? - page 2.

Zicadis

legendary

Activity: 1372

Merit: 1027

Dump it!!!

Quote from: taiwww on March 24, 2018, 11:47:05 PM

What.!!

CMC is fraud. That's most unreliable data about the CMC and I would never ever believe in what is being said here. That's simple website with algorithm which extracts the information from most of the top exchangers and from all the exchanger in which specific coin has been published. It's just simple average that it shows and there is no fake values in there.

It does not manipulate the prices because it's not how it works and it has got no role as it is not involved in any kind of transactions. Come on open your eyes.

I think so to data is presented by the average and if one exchanges information does not get updated in good time then the result is incorrect data and sometimes CMC just delays to update certain information about a coin because devs incharge of their coin don't press cmc to make changes.

Thanasis

hero member

Activity: 1820

Merit: 515

★777Coin.com★ Fun BTC Casino

Quote from: vlom on March 24, 2018, 02:59:59 PM

Fraudulent data provided on CoinMarketCap distorts entire crypto-currency market perception

https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

https://medium.com/@coinmarketcapped/part-a1-fraudulent-data-provided-on-coinmarketcap-distorts-entire-crypto-currency-market-77e01f067b49

i think this is worth reading. especially because of this:

Quote

Most people here are concerned about centralised mining cartels, hardware producers, banks, governments, regulators and/or core developers being points of issues in this industry. We strongly believe that none of those come even close to comparing to the obvious fraud that has been going on at CoinMarketCap for many years.

i appreciate the work they have done by writing these posts.

So never trust anyone blindly do your own research to keep our hard earned money to be worthful.But I saw an alternative to CMC fewdays before but I forgot to bookmark it now I have to search my histories now to find the name of the site.But it was really very good alternative to CMC and real time price updating no refresh is needed.I will place the link once I found it.Hopefully soon.

Koro-Sensei

full member

Activity: 658

Merit: 103

Quote from: vlom on March 24, 2018, 02:59:59 PM

Fraudulent data provided on CoinMarketCap distorts entire crypto-currency market perception

https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

https://medium.com/@coinmarketcapped/part-a1-fraudulent-data-provided-on-coinmarketcap-distorts-entire-crypto-currency-market-77e01f067b49

i think this is worth reading. especially because of this:

Quote

Most people here are concerned about centralised mining cartels, hardware producers, banks, governments, regulators and/or core developers being points of issues in this industry. We strongly believe that none of those come even close to comparing to the obvious fraud that has been going on at CoinMarketCap for many years.

i appreciate the work they have done by writing these posts.

They may have their reason although it is a scam but not directly but mostly scam lol. We can't deny they have the most successful listing for all the reliable sites that can be traded on any token/altcoins. I now for sure you rely on it too whoever read this. Let's be practical they have done their jobs but they deserve a second or an explanation to what is happening wether it's true or not.

jhenfelipe

hero member

Activity: 1372

Merit: 647

I agree with the wrong circulating supply.

One coin I was following has a wrong circulating supply detail on CMC. It was reported in the coin's Main Thread here and the team said that it was a mistake by CMC so they sent a request. That one wrong detail affects the Market Cap info as well (Market Cap = Price X Circulating Supply so meaning Wrong Circulating Supply = Wrong Market Cap).

CMC should prioritize updating the coin/token details with the true/accurate info as it was the main reason why people are using it. On the other hand, users should do some research as well, obviously, most people barely verify the data they see on the site with the coins dev/team, so most likely it would lead to a wrong decision.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

I think it's indicative of a sector that's growing too quickly. When they started it I doubt they planned to end up wielding the power that they do. And there must be so many shitcoin fans and developers hassling them to either list, or correct listings, that they may be overwhelmed.

Or they're profoundly evil. Either way it's not a good look.

tippytoes

sr. member

Activity: 1988

Merit: 275

I think they are pretty one of the culprits in the manipulation of the market. Since they are receiving important data for each coin listed, they know when to "attack". So insiders have the benefit of getting as much as possible from the trading. And I'm also one that goes to cmc whenever I wanted to look for a good coin and check the prices thru their market tab.

taiwww

sr. member

Activity: 588

Merit: 257

What.!!

CMC is fraud. That's most unreliable data about the CMC and I would never ever believe in what is being said here. That's simple website with algorithm which extracts the information from most of the top exchangers and from all the exchanger in which specific coin has been published. It's just simple average that it shows and there is no fake values in there.

It does not manipulate the prices because it's not how it works and it has got no role as it is not involved in any kind of transactions. Come on open your eyes.

tweetbit

full member

Activity: 560

Merit: 112

For a year of using coinmarket as a “go to” when looking for coin prices. I may agree or not that this accusation is true or lies, but the big possibility of manipulation within is imminent. Only an officers or members inside can give or exposed this maltreatment unfairly to other ICO projects and token. Until that time comes, no other option but to stay or find some alternatives or compare both.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

I can't argue that this really happening and will always happen and continue to happen, as the 1 coinmarket cap site in google SERP and many people use this site as a tool for resources mostly on those new listed tokens or altcoin there so... manipulation is in there. Specially with this line "CMC literally decides which coin lives or dies with its own agendas"

BTW anyone can recommend for best alternatives for CMC based on your experience not on google.

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Unfortunately that's what happens when pretty much everyone goes to the same site to view crypto price information, and when most other alternatives typically list fewer coins and/or are inconvenient to use. That a great read, I did know notice the circulating supply issue periodically when I regularly browsed the site, but I didn't think too much about it until now. I'm personally avoiding CMC until they acknowledge these issues and fix them; if you have any reasonably navigable alternatives that list the prices of nearly as many coins as CMC (not Bitcoinwisdom), I'll check them out.

vlom

legendary

Activity: 1498

Merit: 1117

Fraudulent data provided on CoinMarketCap distorts entire crypto-currency market perception

https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

https://medium.com/@coinmarketcapped/part-a1-fraudulent-data-provided-on-coinmarketcap-distorts-entire-crypto-currency-market-77e01f067b49

i think this is worth reading. especially because of this:

Quote

Most people here are concerned about centralised mining cartels, hardware producers, banks, governments, regulators and/or core developers being points of issues in this industry. We strongly believe that none of those come even close to comparing to the obvious fraud that has been going on at CoinMarketCap for many years.

i appreciate the work they have done by writing these posts.

Topic: Does CoinMarketCap (CMC) manipulates the market? - page 2. (Read 477 times)