Topic: Incorect price on Coinmarketcap.com (Read 665 times)
Well to be honest most of the price of cryptocurrecies not exact in coinmarketcap. That's why coingecko is there to crosscheck price. And i am also worrying about the Total supply and total marketcap of some cryptocurrency in coinmaretcap. The ROI of some cryptocurrencies also not exact. People usually invest for the long time by checking the ROI of that perticular cryptocurrency in coinmarketcap. And unfortunately the ROI facility is not there in coingeko to check the ROI.
To whom it may concern,
Coinmarketcap - https://coinmarketcap.com/currencies/gapcoin/ - stopped tracking Gapcoin <> BTC when we were de-listed from defunct exchanges.
I've contacted them for full relisting and to link our new exchanges, but they require a $1000 avg. daily trading volume, which is fairly hard to achieve when your stuck in this chicken and egg altcoin limbo situation i.e. no exchange listing = no volume etc.,
Over 24 hours ... 7 days a week? Who knows exactly ...?
This situation is not actually acceptable.
CoinMarketCap is presenting long-term incorrect information in regards to the Gapcoin project. I have now notified them more than twice about this with a spacing of 3 to 6 months or more.
They are restricting price movement and free markets as the exchange rate is held static with the last price point they last tracked ...
Feb 6th 2019.
- https://coinmarketcap.com/currencies/gapcoin/
They even currently track the Freiexchange API where Gapcoin is listed https://coinmarketcap.com/exchanges/freiexchange/ - but they don't track Gapcoin!
Again, CoinMarketCap is presenting additionally incorrect and miss-leading information about Gapcoin, despite being notified otherwise ...
"Hybrid - PoW & PoS" X
"Scrypt" X
"Inactive" X
Nope.
"Custom PoW - Prime Gaps"
"Active"
Time for Gapcoin Club to get some legal representation and send out some pretty pieces of headed note paper methinks ...
Relevant screenshots taken.
Moreover, Coinmarketcap seems to of 'outed' and maligned Gapcoin in favor of listing this token ... GAP(S). We are not associated with this project.
- hxxps://coinmarketcap.com/currencies/gaps/
- hxxp://gapschain.io - Again, we are not associated with this project.
The expanded Tab for their website above touts 'GAP COIN' - and currently clicking it states "coming soon!" ...
Contacting them as well. We clearly had the crypto-ticker first. A 'friendly' cease and desist notice will also likely be sent to gapschain in this regard.
Posting here as the main CoinMarketCap thread is 'locked' ...
CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
- https://bitcointalksearch.org/topic/coinmarketcapcom-market-cap-rankings-of-all-cryptocurrencies-199685
Coinmarketcap - https://coinmarketcap.com/currencies/gapcoin/ - stopped tracking Gapcoin <> BTC when we were de-listed from defunct exchanges.
I've contacted them for full relisting and to link our new exchanges, but they require a $1000 avg. daily trading volume, which is fairly hard to achieve when your stuck in this chicken and egg altcoin limbo situation i.e. no exchange listing = no volume etc.,
$1000 average over how long?
I mean technically if someone wanted to trade back and forth(granted they had enough gapcoin), we could theoretically accomplish that with a few people trading back and forth..Yes there is risk involved and the possibility of losing some monetary value is there but....
Coinmarketcap - https://coinmarketcap.com/currencies/gapcoin/ - stopped tracking Gapcoin when we were de-listed from defunct exchanges.
I've contacted them for full relisting and to link our new exchanges, but they require a $1000 avg. daily trading volume, which is fairly hard to achieve when your stuck in this chicken and egg altcoin limbo situation i.e. no exchange listing = no volume etc.,
I mean technically if someone wanted to trade back and forth(granted they had enough gapcoin), we could theoretically accomplish that with a few people trading back and forth..Yes there is risk involved and the possibility of losing some monetary value is there but....
Coinmarketcap - https://coinmarketcap.com/currencies/gapcoin/ - stopped tracking Gapcoin when we were de-listed from defunct exchanges.
I've contacted them for full relisting and to link our new exchanges, but they require a $1000 avg. daily trading volume, which is fairly hard to achieve when your stuck in this chicken and egg altcoin limbo situation i.e. no exchange listing = no volume etc.,
Over 24 hours ... 7 days a week? Who knows exactly ...?
This situation is not actually acceptable.
CoinMarketCap is presenting long-term incorrect information in regards to the Gapcoin project. I have now notified them more than twice about this with a spacing of 3 to 6 months or more.
They are restricting price movement and free markets as the exchange rate is held static with the last price point they last tracked ...
Feb 6th 2019.
- https://coinmarketcap.com/currencies/gapcoin/
They even currently track the Freiexchange API where Gapcoin is listed https://coinmarketcap.com/exchanges/freiexchange/ - but they don't track Gapcoin!
Again, CoinMarketCap is presenting additionally incorrect and miss-leading information about Gapcoin, despite being notified otherwise ...
"Hybrid - PoW & PoS" X
"Scrypt" X
"Inactive" X
Nope.
"Custom PoW - Prime Gaps"
"Active"
Time for Gapcoin Club to get some legal representation and send out some pretty pieces of headed note paper methinks ...
Relevant screenshots taken.
Moreover, Coinmarketcap seems to of 'outed' and maligned Gapcoin in favor of listing this token ... GAP(S). We are not associated with this project.
- hxxps://coinmarketcap.com/currencies/gaps/
- hxxp://gapschain.io - Again, we are not associated with this project.
The expanded Tab for their website above touts 'GAP COIN' - and currently clicking it states "coming soon!" ...
Contacting them as well. We clearly had the crypto-ticker first. A 'friendly' cease and desist notice will also likely be sent to gapschain in this regard.
Posting here as the main CoinMarketCap thread is 'locked' ...
CoinMarketCap.com - Market Cap Rankings of All Cryptocurrencies!
- https://bitcointalksearch.org/topic/coinmarketcapcom-market-cap-rankings-of-all-cryptocurrencies-199685
I think everyone already knows that CMC has incorect prices but you are wrong if you calculate as you say. IMO, it's actually quite easy to understand why CMC displays incorect prices. CMC calculates the total volume of several exchanges registered in CMC which in fact when displaying the current price volume, CMC and some exchanges have a gap of several minutes (as far as I know about 4-5 minutes) when displayed on CMC. I personally think maybe because of this the CMC always displays incorect prices
This is not how it's work. Coinmarketcap have a much more complex algorithm while calculating the price. Speaking in simple terms they calculate a weighted average price of the currency after assessing it's price and volume over various exchanges. It assigns weights to every exchange price based on it's volume and then divide it by total volume thus finding out the average price. However it often decides to leave out some prominent exchange due to inorganic and extraordinary large volume. For example it does not takes in consideration the price of Bitmex while arriving on the final price. Moreover as this volume changes from time to time so does their calculation algorithm which means that when volume on some exchange goes high even than Binance or Huobi the price of that exchange becomes more prominent.
Has anyone seen this?
On coinmarketcap, historical value of bitcoin on 6th of Oct 2019 is 7,988.16 for Close.
Closing price for same date (checked on tradingview on multiple exchanges, and Bitstamp directly) was 7860 usd.
That's almost 2% increase for coinmarketcap. Wonder if they purposely screwing people...
For me coinmarketcap is very legit about all the prices of cryptos and i dont really believe that it is giving incorrect price, maybe when you visit the price of btc on coinmarketcap it is not yet updated compare on other all exchanges. On coinmarketcap, historical value of bitcoin on 6th of Oct 2019 is 7,988.16 for Close.
Closing price for same date (checked on tradingview on multiple exchanges, and Bitstamp directly) was 7860 usd.
That's almost 2% increase for coinmarketcap. Wonder if they purposely screwing people...
It is not good to tell that coinmarket,cap is faking volumes when we do not know what really happened. Let us first check how coinmarket.cap works and how do they place the volumes and get reflected on their websites. I do think that what happened have actually occurred since CMC is not just picking up volumes on one exchange but to all exchanges. Also there are many factors that this website is considering before putting up figures on their site.
Not incorrect price in Coinmarketcap.com I think because they have added all of bitcoin price with many exchange market, all of exchange market have not the same price and Coinmarketcap.com use on exchange market have higher price and look price different with your market looking for of bitcoin, Coinmarketcap.com price maybe depend on exchange A and you check bitcoin price on exchange B.
CMC is not accurate. They just collect data, put an algorithm, then show the data.
I noticed a lot of differences in prices of many coins on CMC. They just use api and that have flaws, but they don't care.
I noticed a lot of differences in prices of many coins on CMC. They just use api and that have flaws, but they don't care.
Yes, it is not much accurate so I don't rely on it too much, I also check other like Coingecko for comparison analysis.
And let's not just rely on them too, checking in CMC is just one way factor,but having it in top 100 doesn't guarantee that they are worth investing, there are other tokens out there that are worth investing but not yet updated in Circulating Supply.
CMC is not accurate. They just collect data, put an algorithm, then show the data.
I noticed a lot of differences in prices of many coins on CMC. They just use api and that have flaws, but they don't care.
I noticed a lot of differences in prices of many coins on CMC. They just use api and that have flaws, but they don't care.
There are times that CMC or coinmarketcap can't be considered as standard basis of the price of bitcoin. Maybe they're trying to average the value from different exchanges and it didn't result in your expected price.
Actually, our local wallet also has an exchange that gives an inaccurate price of bitcoin, it's kinda unfair but can't argue with that since it's a local wallet only.
Actually, our local wallet also has an exchange that gives an inaccurate price of bitcoin, it's kinda unfair but can't argue with that since it's a local wallet only.
Seems coinmarketcap is calculating the average price of Bitcoin on multiple cryptocurrency exchanges... This is probably how the website calculates the price.
Another possible cause for the mistake could be site glitch. Unfortunately, the problem has occur too many times to be considered that.
Another possible cause for the mistake could be site glitch. Unfortunately, the problem has occur too many times to be considered that.
This website is just showing the summary coming from exchanges listed in the site.
It's the exchanges that are manipulating the price and if there's an error on exchanges the overall result of the price may become in accurate.
Remember that coinmarket listed a lot of trading site and they are using protocol IMO to get the best average results from the total exchanges and we know that there are exchanges who are not telling the right price and there are exchanges with very low volume that could display a big jump of price due to pump and dump scheme.
It's the exchanges that are manipulating the price and if there's an error on exchanges the overall result of the price may become in accurate.
Remember that coinmarket listed a lot of trading site and they are using protocol IMO to get the best average results from the total exchanges and we know that there are exchanges who are not telling the right price and there are exchanges with very low volume that could display a big jump of price due to pump and dump scheme.
Though Coinmarketcap has several manipulating negative reviews but I don't think it's CMC's fault. Because Coinmarketcap is just a tool to show the coin value and volume. In every different exchange, you may see different prices for Bitcoin. So, it's mean on that day some exchange bid or asking price for 1 Bitcoin was 7900+ USD! This is not manipulation at all. Recently I wanted to trade my ICNQ coin because it was showing 50% increased! But when I checked the exchange, only one buy order was at a high price.
It's kinda confusing for newcomers, I've been fooled by this a few times before. Websites like CMC show the average price actually, and that isn't accurate. Low volume exchanges can easily show a technically wrong price of Bitcoin, if we compare it to other exchanges. If there are no orders on an exchange and somebody buys my BTC for $20k, the price per BTC will show as $20k on the exchange. If it's listed on CMC, it will affect the average price too. This could be prevented though through coding..
Though Coinmarketcap has several manipulating negative reviews but I don't think it's CMC's fault. Because Coinmarketcap is just a tool to show the coin value and volume. In every different exchange, you may see different prices for Bitcoin. So, it's mean on that day some exchange bid or asking price for 1 Bitcoin was 7900+ USD! This is not manipulation at all. Recently I wanted to trade my ICNQ coin because it was showing 50% increased! But when I checked the exchange, only one buy order was at a high price.
the price that can be placed from cmc does not mean the actual price, friend.
the actual price that is on the exchange where you buy and sell.
Don't be too negative about CMC and lower your blood pressure.
cmc is only a service provider for getting information and making it easier for you to trade.
the actual price that is on the exchange where you buy and sell.
Don't be too negative about CMC and lower your blood pressure.
cmc is only a service provider for getting information and making it easier for you to trade.
Lately I've been following CoinGecko and trusting their information
Coinmarket cap give information about bitcoin depend on which one exchange market, many exchange have little price of bitcoin about 1% until 2% for every exchange market, is not incorrect information giving by coinmarket cap but how price for every exchange bitcoin, you can check by your self look how much price bitcoin in your local exchange market and look at other exchange market like bittrex, binance and huobi.
Bid & ask values change quickly, the system may fail to calculate, or they may also place a different standard rate on the exchange site. It's been a few days this thread has passed, so I don't know for sure and I think it's just a different calculation at the exchange rates, the difference isn't too far, I don't think this is a big deal.
Sometimes, prices in Coinmarketcap tends to change, so it us not always 100 percent accurate.
Many people have accused them in several cases of manipulating the prices of coins there, not sure if it is true anyway.
Best thing is to check the prices on different websites of same content. They might be different price but the difference won't be much.
Many people have accused them in several cases of manipulating the prices of coins there, not sure if it is true anyway.
Best thing is to check the prices on different websites of same content. They might be different price but the difference won't be much.
Has anyone seen this?
On coinmarketcap, historical value of bitcoin on 6th of Oct 2019 is 7,988.16 for Close.
Closing price for same date (checked on tradingview on multiple exchanges, and Bitstamp directly) was 7860 usd.
That's almost 2% increase for coinmarketcap. Wonder if they purposely screwing people...
I didn’t checked the price history but it's can be happen and this isn’t new thing in coinmarketcap because almost all of the exchanges volume incorrect instead of https://www.coingecko.com/en now i didn’t following the cmc price. coingecko recently trust score for the all exchanges i really appreciate this innovation. Even CMC promoting many scam ico projects in ther homepage. On coinmarketcap, historical value of bitcoin on 6th of Oct 2019 is 7,988.16 for Close.
Closing price for same date (checked on tradingview on multiple exchanges, and Bitstamp directly) was 7860 usd.
That's almost 2% increase for coinmarketcap. Wonder if they purposely screwing people...
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