Is CMC still safe at all ?? - page 13.

clonely

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Quote from: cytpoway121 on January 11, 2019, 07:33:34 AM

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

Coinmarketcap is only shows information. I think it is good thing. You can consider a coin as dead one! But remember it has a investor! People gets info about their investment via CMC. Don't underestimate it.

NakiRR

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Activity: 574

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Quote from: cytpoway121 on January 11, 2019, 07:33:34 AM

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

CMC was always full of shitcoins and with not perfect algorithms but and all users know it from the very beginning, so don't blame someone else if you fucked up with your shitcoins or ico's or something else.

NeuroticFish

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Quote from: cytpoway121 on January 11, 2019, 07:33:34 AM

Or offer more options

I am using https://www.worldcoinindex.com/
It's not my website, but it has some extra things and I've got used with it.
Since I don't follow CMC closely, I don't know if this other site is better, but you can check for yourself. At least the prices are calculated different.

However, all these sites should be used mostly as guidance, not as standard. If you follow a few exchanges you may get better insight than from CMC & Co.

kindbtc

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Yeah i agree with most of your points and i do think that coinmarketcap should implement some checks and may be verification by kyc and address before listing a coin as cmc is one of the biggest website or platform that most of the crypto community checks regularly.

petrcoin

sr. member

Activity: 658

Merit: 270

Coinmarketcap is merely a website which takes prices from exchanges and list them.

So, i don't think there is any problem about safeness. Problem is fake exchanges giving out fake numbers. Mostly fake volume.

JimmyNg90

copper member

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I think Coinmarketcap is an index platform rather than coins audit platform. All information in this is just for referrence. May I know why we are not safe?

icalical

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Coinmarketcap is already not trustworthy since couple months ago, several articles in medium expose the dark side of Coinmarketcap from their listing policy that required much much money, that literally robs the project developer. And how they are bribed by a project to manipulate the market data of the project competitors. Unfortunately the articles and the account creator are suspended by medium, but you can still see the footprint in this thread, https://bitcointalksearch.org/topic/m.33082761

TravelMug

hero member

Activity: 2632

Merit: 833

They need to operate their business so funding is needed and they can only get it if someone projects (whether scam or not) to advertise on them.

We still need to do our due diligence if we wanted to invest on a project so don't blame coinmarketcap. If you're not comfortable then search for a alternatives, there's a lot of them.

wayaneka

full member

Activity: 644

Merit: 101

CMC should be make better service and make rules for anyone that want to list their coin, they should choose only coin that legit to be listed, this is to avoid fraud coin listed on the platform and to protect investor. In 2017 CMC listed many lending coin that finally all of them turn in to scam. Mostly everyday new coin listed on the CMC and i think some of them does not have any live product.

IVEXO

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Quote from: disconnectme on January 11, 2019, 07:42:20 AM

Quote from: cytpoway121 on January 11, 2019, 07:33:34 AM

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

There is nothing to worry about, if you can not blame TV station for advertising a product, it is not the fault of CMC that people invested in scam and the developer run away with the fund, or exchanges doing wash trading or project developers desert a platform.A few dead companies still trading on stock again in America.

I think you are right about not overly faulting coinmarketcap
But they probably should be strict with their security teams to ensure that better products are advertised
And also be strict with new regulations

Everywhere is bearish
CMC can’t be a factor to fud

fortunecrypto

legendary

Activity: 2450

Merit: 1047

They are not an exchange they only list coins to track the price, volume, and information about the site, they have nothing to do with volumes, projects and whatever happens to the project, in fact, they helped traders and investors in analyzing the coins, it's still the investors task to track their portfolios.

disconnectme

hero member

Activity: 1876

Merit: 512

Quote from: cytpoway121 on January 11, 2019, 07:33:34 AM

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

There is nothing to worry about, if you can not blame TV station for advertising a product, it is not the fault of CMC that people invested in scam and the developer run away with the fund, or exchanges doing wash trading or project developers desert a platform.A few dead companies still trading on stock again in America.

Hektur

member

Activity: 271

Merit: 10

Okay and do you have some better site? I don´t think that someone will verify all 2200 crypto listed projects. That is impossible.

cytpoway121

member

Activity: 1540

Merit: 68

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

Topic: Is CMC still safe at all ?? - page 13. (Read 23023 times)