Shouldn't coinmarketcap delist "dead" coins?

Febo

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Quote from: Febo on September 20, 2018, 11:15:11 AM

Quote from: diouf67 on September 17, 2018, 07:05:44 AM

Quote from: Febo on September 16, 2018, 02:55:02 PM

Quote from: bitekoin on August 14, 2018, 08:20:45 AM

Shouldn't coinmarketcap delist "dead" coins?

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?

Real decentralized crypto coins are really hard to kill.

Coinmarketcap should sort crypto way better. Now all is in one bag although crypto listed there is like day and night.

I know of one token and one crypto coin that although should be listed on coinmaretcap are not. So it seems now is much harder to enter coinmarketcap.

It's actually now easier than it's ever been to list on CMC as they removed the trading volume. Really now all a coin has to do is be legit, provide relevant documentation and be listed on at least 1 exchange (as recognised by CMC). If a coin isn't on there then it's probably just because they're being slow in reaching out to CMC

I reached CMC now. Will see how fast they will be with listing it. This token was distributed in May. So is traded for almost 5 months already.

I got coin listed in 2 days. https://coinmarketcap.com/currencies/robotina/

Is just pathetic from this Robotina noobs. Guy that was doing escrow got for $300k coins and many others got lots free coins, but they are so lazy to not be able in 4 months get to coinmarketcap that took me 2 days.

Febo

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Activity: 2730

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Quote from: diouf67 on September 17, 2018, 07:05:44 AM

Quote from: Febo on September 16, 2018, 02:55:02 PM

Quote from: bitekoin on August 14, 2018, 08:20:45 AM

Shouldn't coinmarketcap delist "dead" coins?

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?

Real decentralized crypto coins are really hard to kill.

Coinmarketcap should sort crypto way better. Now all is in one bag although crypto listed there is like day and night.

I know of one token and one crypto coin that although should be listed on coinmaretcap are not. So it seems now is much harder to enter coinmarketcap.

It's actually now easier than it's ever been to list on CMC as they removed the trading volume. Really now all a coin has to do is be legit, provide relevant documentation and be listed on at least 1 exchange (as recognised by CMC). If a coin isn't on there then it's probably just because they're being slow in reaching out to CMC

I reached CMC now. Will see how fast they will be with listing it. This token was distributed in May. So is traded for almost 5 months already.

diouf67

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Activity: 260

Merit: 104

Quote from: Febo on September 16, 2018, 02:55:02 PM

Quote from: bitekoin on August 14, 2018, 08:20:45 AM

Shouldn't coinmarketcap delist "dead" coins?

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?

Real decentralized crypto coins are really hard to kill.

Coinmarketcap should sort crypto way better. Now all is in one bag although crypto listed there is like day and night.

I know of one token and one crypto coin that although should be listed on coinmaretcap are not. So it seems now is much harder to enter coinmarketcap.

It's actually now easier than it's ever been to list on CMC as they removed the trading volume. Really now all a coin has to do is be legit, provide relevant documentation and be listed on at least 1 exchange (as recognised by CMC). If a coin isn't on there then it's probably just because they're being slow in reaching out to CMC

Febo

legendary

Activity: 2730

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Quote from: bitekoin on August 14, 2018, 08:20:45 AM

Shouldn't coinmarketcap delist "dead" coins?

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?

Real decentralized crypto coins are really hard to kill.

Coinmarketcap should sort crypto way better. Now all is in one bag although crypto listed there is like day and night.

I know of one token and one crypto coin that although should be listed on coinmaretcap are not. So it seems now is much harder to enter coinmarketcap.

diouf67

full member

Activity: 260

Merit: 104

If they're really dead then there will be no trade volume and so there won't be any price changes on CMC. CMC is a site designed just to check market cap, volume etc. Just because they are 0 does not mean that this should not still be offered. What if someone wants to check on a coin they invested in a few years ago that's now at 0.

abstractednerve

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Quote from: terencio on September 16, 2018, 07:57:55 AM

If their is no volume within 6-8 months or year, I guess CMC should take actions and delist all this dead project not to confuse the newcomer in crypto and focus only on alts with volume.

But according to my observations they have never done that, Deadcoin or scam coin is still listed at coinmarketcap. I guess this to prove crypto is so varied and rich that people can find out all the information they need.

Cindykhato

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Quote from: bitekoin on August 14, 2018, 08:20:45 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 have rules in removing those weak coins, this site only feeding data base on the movement of market trends. It's the investors responsibility if they will follow or not. Besides all crypto has a tendency to manipulate just to gain profits.

terencio

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If their is no volume within 6-8 months or year, I guess CMC should take actions and delist all this dead project not to confuse the newcomer in crypto and focus only on alts with volume.

5ensei

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These deadcoins should definitely be delisted, exchange activity should not be the only criteria for listing, they should check social media aspects as well. If the bitcointalk threads have been abandoned along with twitter, FB, telegram, reddit, then there is no community, just a deadcoin waiting for a pump and dump group

Kelarid

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Quote from: Vit83 on August 15, 2018, 09:03:08 AM

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)

The dead coins will have low market cap. So it does not affect a lot.

Dragonrage201

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coinmarketcap biggest gainers and losers now does has a filter of minimum $50K volume over 24 hours that is supposed to filter some of the dead or useless coins. Always check the details of a coin before buying it based upon any listing site.

bellator66

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In fact there are many traders who only trade these coins that you consider dead because they make a lot of money from them.
because altcoins that are traded on multiple exchanges and have a volume are actually not considered dead coins according to many investors.

Geleve

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i dont know what criteria they have for delisting coins but i know that they have some strict rules about both listing and delisting. coinmarketcap is one of the most trustable website to get information about crypto market. and we sometimes need information of dead coins too.

Jekbolt

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Activity: 266

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I agree with the opinions that CMC should not delist neither altcoins or exchanges due to low volumes. The best way is to list everything so that investor (or other people) could:

1) find any altcoin on CMC in a convenient way;
2) Review all available info about found the altcoin by using verified links inside CMC;
3) Make own decision about the altcoin after reviewing its background and perspective. If the product/service related to this altcoin is a weak, then there is no reason to purchase it even if fake volume of trade is high.

BattleZeo

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Quote from: bitekoin on August 14, 2018, 08:20:45 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?

is some manipulating dead coins? There are bunches of useless coins and every one has own manipulator? I think infamous coin with small volume doesn’t mean they are dead coins.

Bencus

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Activity: 265

Merit: 11

I agree, coinmarketcap should definately delist dead coins.
There is just no point listing them. If some coins get delisted, they might be listed again if the activity increases, so I see no point not doing so.

Klara_karlovna

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Good question. Very often in the hero/zero see a strange no name coins. Who needs them. All Scam projects should also be removed. This will protect the newbies

davida

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Yes, they should delist these dead coins for more potential ones but I think there is a criteria that is used by these sites and it is considered before they will delist the coin from their site.

JCLee

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As I know so many dead coins removed on Coinmarketcap

. For example ULA, a cryptocurrency come from Vietnam, delisted on Coinmarketcap and for now you guys can't find it out on Coinmarketcap anymore

. I think you guys just need to wait cause it's not easy to check thousands cryptocurrency in few days or a single day only

.

evilsign

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Activity: 280

Merit: 60

Too many coins and tokens that have been listed in coinmarketcap, maybe they have difficulty to overcome this problem. Although the requirements for listing on coinmarketcap are quite difficult, still they should manage the survival of coins or tokens that have been listed there and delist coins that are no longer active.

bitekoin

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Quote from: AgatioX on August 15, 2018, 06:58:25 AM

Quote from: bitekoin on August 14, 2018, 08:20:45 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, 08:20:45 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

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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

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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

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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, 08:20:45 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

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Quote from: bitekoin on August 14, 2018, 08:20:45 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

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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-]

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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, 08:20:45 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

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

bestcomputerpsycho

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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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Quote from: bitekoin on August 14, 2018, 08:20:45 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, 09:11:24 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.

cmarquez

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I think there is such a process of delisting coins for coinmarketcap. Coinmarketcap have been a used by us to check the dailly happenings on cryptocurrency world and most of the decision we make to trade on crypto are solely basis on coinmarketcap signal too.

xcbjsuw

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Quote from: bitekoin on August 14, 2018, 08:20:45 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?

Maybe we should report to coinmarketcap !? if the coin is dead.

Quote from: DeepChipolino on August 14, 2018, 08:57:22 AM

Some coins they remove with time. What criteria for delisting I do not know. For listing on the CMC should be 50K per day, but after that these are not traded and 10K per day. We can use of manipulation. For example, if we see that the price has increased dramatically in one or several days by 100+%, then we can play in a short if this coin|token on a centralized exchange.

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

DeepChipolino

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Some coins they remove with time. What criteria for delisting I do not know. For listing on the CMC should be 50K per day, but after that these are not traded and 10K per day. We can use of manipulation. For example, if we see that the price has increased dramatically in one or several days by 100+%, then we can play in a short if this coin|token on a centralized exchange.

bitekoin

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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?

Topic: Shouldn't coinmarketcap delist "dead" coins? (Read 386 times)