Topic: Isnt it time to give up cryptocurrency ranking - page 3. (Read 524 times)
Rankings should count on community use because a successful coin must have a large user community. Next came new products, and applied to life. Don't trust the evaluation sites, they give the data themselves, no one checked the data. There should be a VoteUp system for everyone
I agree with you. Market cap shouldn't be the only we look at when we judge the coin. We need change. If we are going to create a society where crypto currency is used everyday for just about everything we need a new way to rank coins. Plus if you are knowledgeable about crypto you wouldn't be ranking coins by the market only.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
You are totally right! It should not be based on market cap instead it should be based upon the popularity of the cryptocurrency. Just like what you said, it can be tampered and easy to create a currency with huge market cap. However, it will become useless if the people does not want that coin, so it is better to look upon the usage of the coin, price, volume and dominance so that they will sort well. with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
No, I don't believe the market ranking should be scrapped. It serves as a guide to people to make their investment choices especially the new comers into the market and as such, let the ranking continues, and also the competition between similar Cryptos also continue.
First time I joined crypto I was surprised some of the coins in the top 50 didn't have a real world use product/service. I asked myself if how they got there in the first place? The rankings don't reflect the true value of the coins in y opinion. Some very good coins may be lingering below 300th position but with a top product.
Regardless of how reliable or unreliable CMC is, they provide a free to use site that has grown out to be one of the highest ranked sites in the world. It's attracting millions and millions of visitors every month, which means that people like it a lot. It's not really fair to blame CMC for being a noob site by how people take market cap ranking seriously -- they provide a site that nurses the demand, that's all. I would do the same in their position. Even if CMC wasn't there, people would still debate on what currency should be at what rank based on its market cap. Just let people do what they think is good for them, it really doesn't bother me.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
In my opinion the main problem with the ranking of cryptocurrency is that those ranks are usually subjective, I haven't heard that somebody is paying money in order to get higher ranks and ICO bench and whatever else sources. with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
If really, I have not understood your idea completly. Crypto technologies are just technologies and everybody can use them by its own intention that is why there are so much various coins on the market. I do not consider that it is wrong because every coin is a particular technology, a project or a company and this situation is similar to the real life where thare are a lot of various business and companies. Of course there are high ranked coins like successful companies in the real life as well as there are low ranked companies like less successful companies in the real life.
One thing I know. Stop looking at coinmarketcap. That is a hell of fake news for me.
There is not much of a legitimate market of one crypto currency.
I saw a lot of projects which are really good and yet they are ranked at the thousands number. It is disappointing to see more people are relying on that and they are doing some math with the market cap and whatever it is.
Even with the good exchanges listed by them they are still somewhere at the bottom.
There is not much of a legitimate market of one crypto currency.
I saw a lot of projects which are really good and yet they are ranked at the thousands number. It is disappointing to see more people are relying on that and they are doing some math with the market cap and whatever it is.
Even with the good exchanges listed by them they are still somewhere at the bottom.
Don't blame coinmarketcap for that. Their ranking is quite clear and that is based on the market capitalization. Indeed, sometimes not all exchanges are listed there, but the biggest ones are present. If the project is low, it's because its coin is just trading cheap.
One thing I know. Stop looking at coinmarketcap. That is a hell of fake news for me.
There is not much of a legitimate market of one crypto currency.
I saw a lot of projects which are really good and yet they are ranked at the thousands number. It is disappointing to see more people are relying on that and they are doing some math with the market cap and whatever it is.
Even with the good exchanges listed by them they are still somewhere at the bottom.
There is not much of a legitimate market of one crypto currency.
I saw a lot of projects which are really good and yet they are ranked at the thousands number. It is disappointing to see more people are relying on that and they are doing some math with the market cap and whatever it is.
Even with the good exchanges listed by them they are still somewhere at the bottom.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
Rankings are always based on the price in the market but i think that the ranks should be based on its popularity because it is always depending on the investors on how the coin will grow in the market.
and I think it's also very difficult to compete with the current market if it happens later.
Ranking by the market cap is coming from traditional markets.
I agree; it comes from the stock market. In those cases it's relevant, since it gives someone an idea of how much money it would take to buy a company--if you're aware of all the LBOs back in the day, you realize how important that is. For crypto I don't think it's anywhere near as important. You might have a coin with an extremely large market cap, but who cares if no one is using it for anything besides speculation (which is the case with most coins).Personally I don't pay attention to these sorts of rankings. They're unimportant, not just to me but overall. There isn't anyone who's going to buy up all the bitcoin in existence, and the same goes for most of the top-ranked coins.
You are not going to change traditional investors opinion on things like this and you can see this when they talk about Bitcoin
on public forums. They are so brainwashed by the fiat system and the way those markets work, that they cannot understand
that Bitcoin can be different. Until Crypto currency educational material are included in the schools and universities and these
people are educated, then we will never change their views and opinions.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
I think your are totally spot on with this observation because it just continues to create some form of competition when there is really no need for any. However, I think the ranking is from the people who attach importance to it because there is no way there won't be some listing on coinmarket cap, blockchain.com market, exchange sites listings and the likes and one must surely come before the other and the generally accepted parameter to achieve that cannot be alphabetical order, neither can it be time of existence but rather the market capitalization. What we should promote is that decisions about which coin is better or not, should not be based on just listings.
I agree with you that many people could be tricked by the coinmarketcap.com site. I do like if for a general gauge of what's going on. Not really sure on how else to rank the coins fairly though that enough people would get behind. Like Bitcoin the ranking coins by market cap was a first mover and will be hard to dethrone.
We have different opinion on the above topic as posted, Ranking make clear presentation on the status of the said coin as posted in the market, it simple putting up a system where it is clear to understand by who ever is willing to make or planning for investment for the said coin. it will be chaotic for the market without the system implemented.
I agree with you that many people could be tricked by the coinmarketcap.com site. I do like if for a general gauge of what's going on. Not really sure on how else to rank the coins fairly though that enough people would get behind. Like Bitcoin the ranking coins by market cap was a first mover and will be hard to dethrone.
Ranking by the market cap is coming from traditional markets.
I agree; it comes from the stock market. In those cases it's relevant, since it gives someone an idea of how much money it would take to buy a company--if you're aware of all the LBOs back in the day, you realize how important that is. For crypto I don't think it's anywhere near as important. You might have a coin with an extremely large market cap, but who cares if no one is using it for anything besides speculation (which is the case with most coins).Personally I don't pay attention to these sorts of rankings. They're unimportant, not just to me but overall. There isn't anyone who's going to buy up all the bitcoin in existence, and the same goes for most of the top-ranked coins.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
Rankings are always based on the price in the market but i think that the ranks should be based on its popularity because it is always depending on the investors on how the coin will grow in the market.
I don't think that ranking is based on the price on the market. What I do know is they are basing the ranking of each coins on the volume of trades done within 24hours. Correct me if I'm wrong but that is what I have understood.
Ranking by the market cap is coming from traditional markets. I hope we will find another ranking methods to sort crypto currencies.
It's a fairly old ranking method, but it's the most effective one I know of... It would be awesome to find a better method, but I doubt that's gonna happen anytime soon.
We'll have to cope with the current way of ranking. It's not always as handy as we may want it to be, but overall, it offers the highest reliability of all methods I've been presented.
ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
I fully agree with you that the sites that show ratings are absolutely far from the real objective assessment of ICO companies. These counters are very often winded, bounty hunters or others. You cannot believe in such ratings. Here we need your experience, for such period and trust the old bounty to the responsible managers.
Quantitative vs. qualitative, right? Market cap doesn't mean anything in terms of crypto, or even stocks for that matter. Certainly, it's good to have a high market cap. But just because one is higher than the other doesn't necessarily make it superior. It might even mean the trade is crowded!
There are more important things that investors should consider, like the security of the system. The transaction ability, the blockchain, the protection. They want to make sure that their money is safe, not that everyone else puts their money in the same place. This kind of ranking is hard to do, however.
There are more important things that investors should consider, like the security of the system. The transaction ability, the blockchain, the protection. They want to make sure that their money is safe, not that everyone else puts their money in the same place. This kind of ranking is hard to do, however.
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