Shouldn't coinmarketcap delist "dead" coins? - page 2.

bitekoin

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Quote from: AgatioX on August 15, 2018, 07:58:25 AM

Quote from: bitekoin on August 14, 2018, 09:20:45 AM

Aggregator sites like coinmarketcap and livecoinwatch often show trends of greatest gainers/losers of the day/week/month/year. However, coins with almost dead marketcaps are prone to manipulation.

Why don't these sites remove such coins?

There are a lot of garbage on the market right now. Give an example, which coins do you think should be removed? If you did not know, then only those tokens can be scrolled through CMC , the daily trading volume of which is more than 5k $

Just scroll past > 1000 and see some coins with one or two extremely low-cap exchanges, which were quite popular at their time. Their ANNs haven't had activity for years, but once in a while their graphs have spikes showing some pump and dumps by unknown forces. Definitely some people got burned there.

The least they could do is have a page for these types of coins, and remove them from the normal trending and other stats pages.

Vit83

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Also, there is another thing) If they will remove lots of coins and total market capitalization will fall) This will cause panic on the market like it was when they remove Korean exchanges from BTC price counting)

AgatioX

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Quote from: bitekoin on August 14, 2018, 09:20:45 AM

Aggregator sites like coinmarketcap and livecoinwatch often show trends of greatest gainers/losers of the day/week/month/year. However, coins with almost dead marketcaps are prone to manipulation.

Why don't these sites remove such coins?

There are a lot of garbage on the market right now. Give an example, which coins do you think should be removed? If you did not know, then only those tokens can be scrolled through CMC , the daily trading volume of which is more than 5k $

BitcoinHodler

hero member

Activity: 1456

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HODLing is an art, not just a word...

these websites such as coinmarketcap.com and about a dozen others, are only reporting what is happening on exchanges. they should not be the ones deciding what coin is listed and what coin is not. if a coin exists on some exchange out there then they must report it and if you want something to be delisted then you should talk to the exchanges to remove the coin not coinmarketcap.com they are nobody in this world except a reporter.

adroitful_one

legendary

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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR

The thing is, there's a few coins that people have taken over that have made a come back. So deleting them too early could be a problem. I agree that if a coin is completely dead and there's no interest in it at all, then it should be deleted. But, if it's just dropping in price and there's still interest, then keep it on the list. It's not really hurting anything by being there in my opinion.

Vit83

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The main question at what parameter they can decide this alt is dead? I don't remember any alts that they officially said that they finished and dead)

Red-Apple

hero member

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because an altcoin that is being traded on some exchange and has actual volume is not considered a dead coin according to many investors. as a matter of fact there are a lot of traders who are only trading these coins which you consider dead because they are making a lot of money from them.

for example when a big altcoin in top 10 is pumped 5% barely and everyone is happy, these small coins get pumped 500% in a day and those investors become 100 times richer than the first group. so they never give it up.

saganpav

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SPOKKZ

Quote from: bitekoin on August 14, 2018, 09:20:45 AM

Aggregator sites like coinmarketcap and livecoinwatch often show trends of greatest gainers/losers of the day/week/month/year. However, coins with almost dead marketcaps are prone to manipulation.

Why don't these sites remove such coins?

Perhaps they only remove those coins that are already dead, but if there is a certain number of investors on the coin, they hope to return it.

Elcapsono

sr. member

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THE ENERGY EFFICIENCY PROTOCOL

Quote from: bitekoin on August 14, 2018, 09:20:45 AM

Aggregator sites like coinmarketcap and livecoinwatch often show trends of greatest gainers/losers of the day/week/month/year. However, coins with almost dead marketcaps are prone to manipulation.

Why don't these sites remove such coins?

It takes time, as far as I can remember, there is a limit of demand and a volume of coins on which this coin is placed on such sites. Most likely while it is they are kept.

tmoney88

newbie

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Id be ok with removing some of these coins. I guess you could define a dead coin as having no trade volume for a couple days maybe? As we achieve mass world adoption, you will see the big players explode, and a lot of these worthless coins die off.

[-MaStERNoDeMaN-]

jr. member

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Talk sense to a fool and he calls you foolish.

That's part of the reason why they have been accused of market manipulation numerous times in the past. There's many things they could be doing to improve and make the valuable service they provide more transparent but they have thus far chosen not to and i don't have high hopes for them doing so anytime in the foreseeable future.

yndye

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Quote from: bitekoin on August 14, 2018, 09:20:45 AM

Aggregator sites like coinmarketcap and livecoinwatch often show trends of greatest gainers/losers of the day/week/month/year. However, coins with almost dead marketcaps are prone to manipulation.

Why don't these sites remove such coins?

I agree because this would give us a better point of view of what is the market capitalization of only those active coins. Anyway, if ever they won't delist it then it would just be alright because the most important is bitcoin anyway since it is the benchmark of crypto prices. It has a big influence on where the market goes. The coins that almost has no volume are the coins that are used most often to pump and dump groups because they can easily pump it so as much as possible, avoid those coins.

jossiel

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I also like the idea of removing those dead coins on the list of coinmarketcap.

I can't see any reason why they have to let it remain on their site for particular reasons. But if a coin is actually dead, why they don't add another tab which is dedicated for the coins that in danger of getting delist.

Cryptomilz

copper member

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Seems no one will ever know the criteria for CMC's delisting dead and scam coins.

bestcomputerpsycho

newbie

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I don't see any point in removing the coins which you're calling "dead" coins. How'll you know if a coin is dead?
They're listing the coins and it's the responsibility of the investors to find out about the project before investing. It's investors money after all. If they delist them, then some of us will start asking for delisting of scam or fake coins too. But these are vague terms with no real definition, it depends on person to person.

Earlier CoinMarketCap has set a limit of listing only those coins which have $10k worth of trading on daily basis, so many people complained about that and just recently CMC removed that condition. It's not possible to suffice each and every complaint.

Midesiz

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It is a good idea that coinmarketcap should delist the dead coins.

i7claufe

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AhrvoDEEX FUTURE OF BROKERAGE TRANSACTIONS

I noticed did for some time now. I see some dead coins being manipulated during market crisis because Market Cap is not doing something about them and most of newbies just look at coins that are listed on MarketCap then if it was pumped, they feel FOMOd and they would just be cheated and their money would only be stolen by whales. I seriously think they should do something about it.

CuriousGeorge

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KUWA.ai

Quote from: bitekoin on August 14, 2018, 09:20:45 AM

Aggregator sites like coinmarketcap and livecoinwatch often show trends of greatest gainers/losers of the day/week/month/year. However, coins with almost dead marketcaps are prone to manipulation.

Why don't these sites remove such coins?

I think they are not aware about the latest update regarding those dead coins. It will need a lot of time to filter and delist those dead coins. This is why CMC will not do that and i believe that was the main reason.
There were hundreds dead coins and it will increase more and more.

ROB18

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Well you have a point but as long there is an existing volume going around and transactions as still being done, I don't think that coinmarketcap should delist it. Biggest losers is a place where you can find these data coins being almost at the edge. But still they have the chance to come back ang regain it's value. So delist is not an option I think for legitimate token. But I highly suggest to delist those token which are scams.

butka

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Quote from: xcbjsuw on August 14, 2018, 10:11:24 AM

I got this information, for listing at Coinmarketcap which now no longer requires trading volume.
right or not I don't know.

In their official FAQ, one of the conditions for listing is the following:

Quote

- Must have a non-zero trading volume on at least one supported exchange so a price can be determined.

They don't explicitly state what this non-zero trading volume should be.

I also was under the impression that they require a volume of at least $100,000 per day (or $50,000 according to some sources), but it seems that they have removed this criterion:

Quote

As of July 16, the site has now removed the minimum volume requirements that it had been using to limit the number of exchanges listed on the site.

Source: https://cointelegraph.com/news/coinmarketcap-rehauls-exchange-listings-in-response-to-controversies-over-skewed-volumes

So basically they say that the volume can be manipulated, so they don't have it as a strict requirement. But, it's hard to believe that they won't internally somehow estimate the volume and still use it as one of the necessary requirement.

I agree that the opposite should be true as well. To delist the coin once it shows signs of inactivity.

Topic: Shouldn't coinmarketcap delist "dead" coins? - page 2. (Read 372 times)