Topic: Is CMC still safe at all ?? - page 4. (Read 22979 times)
CMc for me is totally safe, since you do not do investment on their site. But you use CMC as further reference on the price of the tokens. You just go and see on the prices with no risk.
In my opinion, the coin market cap was not established to give investment advice, it's an avenue to check volume, price and capitalisation of some notable cryptocurrency. I know every coin needs to meet up with some conditions to be added to the list.
The advert placed on the CMC website is solely for revenue generation and that explains why they don't carry out background checks on projects authenticity.
The advert placed on the CMC website is solely for revenue generation and that explains why they don't carry out background checks on projects authenticity.
I like to look at the token prices at CMC, but it has generated some strange stats over the last year. There was one day when CMC has shown that every altcoin has grown by 10 times. For sure it was a bug, but it had a big influence on the whole market.
Do you think they have done it on purpose?
We don't know about that, but so far, I used cryptomarketcap as a guide to know about every coin in the list. But of course, I will search on another website so that I can found more information about the coin. I don't have to stop in cryptomarketcap only because I am sure that there are many other websites which can give me another information related to the coins.
CMC is ok. We can get information easily from there and it's not the fault of the CMC if projects exits as scam, I agree that they are suppose to clean up the platform but they can't be blamed for tokens that exit as scam. If there is no CoinMarketCap will crypto be complete?
It seems to me that this resource should not immediately publish information as soon as a new project launches its own coin on the market. In any case, it is necessary to provide a sufficiently large amount of information about the authenticity of the projector, so that the cryptocurrency market does not impose misadventure with fraudulent projects.
CMC is ok. We can get information easily from there and it's not the fault of the CMC if projects exits as scam, I agree that they are suppose to clean up the platform but they can't be blamed for tokens that exit as scam. If there is no CoinMarketCap will crypto be complete?
CoinMarketCap for me is the main site from which I get basic information regarding crypto tokens. Sometimes CMC displays not quite correct information regarding individual tokens, but it seems to me that the problem is not in it, but in displaying data on the corresponding cryptocurrency exchanges. Often this affects decentralized areas where there is too much difference between bid and ask offers.
I think coinmarletcap is one of the most trusted site in this whole crypto space. I can't understand that fact that how can be a informative free organisation could be scam. What CMC is doing is collect all data through API from the exchanges and present it in one roof that's all CMC doing. Now if there is problem then it will be in exchange not in CMC. And the question of ads is very they. They are no one to select ads it's depends on Google and you. If you once or twice search crypto or some scam ICO which you don't know about then more gonna come whatever you start.
I like to look at the token prices at CMC, but it has generated some strange stats over the last year. There was one day when CMC has shown that every altcoin has grown by 10 times. For sure it was a bug, but it had a big influence on the whole market.
Do you think they have done it on purpose?
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
1. As long as they are on an exchange, have some trading volume and supply - they're clearly not dead. And unless they have all of these, they won't be on CMC - maybe you can give an example to prove me wrong?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
2. Could you elaborate? Their formula is incredibly simple - circulating supply X average last trading price from all exchanges listed.
3. It's not their job to verify it, they take data from exchanges, and exchanges are the people who need to verify proejcts.
4. This one is absolutely true. They were kind enough to remove the OneCoin ponzi, but once Bitconnect gave them money they listed and advertised them. This is why I moved to coincap.io.
Okay and do you have some better site? I don´t think that someone will verify all 2200 crypto listed projects. That is impossible.
That's not possible though but with more hands and tech in the job they can do it. Besides, the crypto community carry news of such coins that are meant to be delisted. Anyway, we go with the flow.
I think they are not a rating sites to do these for us, they are tracking websites that can help investors in their investment it's one of the tools not actually a guide that can manage your portfolio for you, so treat it as it is don't expect to much out of it.
Reading through your points, I think most are valid. Recently, I think there are many manipulations on CMC with regards actually coinmarketcap. But talking about investigations before listing, don't blame them that much because it's not easy to know which project will be dead in the future, they only have some norms of which if projects meet up to, then their coins or tokens will be listed. I'll say CMC is still OK with regards market capitalization even though there are some loopholes.
I don't think it's a big deal. This is not an exchange, but simply an informative website created to track the movements of cryptocurrencies. So I don't see any security issues.
Yeah cmc lacks investigation work. They have a few basic requirements to be fulfilled to get listed and the people now know those and they have ways to complete them artifically, and get listed on cmc.
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
If everyone started to use CMC to check the prices of crypto currencies then there is no wonder from their action like these because everyone is here to make money so coinarketcap is also going to do anything to make money so don't trust them at all and there are also many accusations about CMC for the fake trading volumes and prices of crypto currencies.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 proof against what has been said and i stand to gain nothing by countering the points you raid against CMC. I just feel you should also give them some solution tips to combat the problems. Everyone is entitled to his opinion.
CMC has to look into this and make the necessary amendment.
CMC has to look into this and make the necessary amendment.
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
If everyone started to use CMC to check the prices of crypto currencies then there is no wonder from their action like these because everyone is here to make money so coinarketcap is also going to do anything to make money so don't trust them at all and there are also many accusations about CMC for the fake trading volumes and prices of crypto currencies. 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 and similar sites provide only approximate data that you should analyze yourself. You should not unquestioningly trust any sources of information, it is only a tool that works in the right hands.
As long as we can focus on the basics and use coinmarketcap just for price information and exchange listings
We have no problems at all
If you find any ico ad on coinmarketcap, simply dyor before investing
We have no problems at all
If you find any ico ad on coinmarketcap, simply dyor before investing
I think is still in the safe area if you want to inform a bit, and if you want more deeper info about a coin you should also make a little research, try bitcointalk forum, try check how much volume is if is listed on exchanges.
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