We as a community must boycott Coinmarketcap.com - page 2.

buwaytress

legendary

Activity: 2968

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Join the world-leading crypto sportsbook NOW!

Quote from: Thian778 on April 30, 2018, 03:49:22 PM

If you are not satisfied with one exchange or any site, then you might just need to look for another, since it's there site not ours we only use theirs, so it is like a bus, if you don't want the bus no. 1-5 then wait for 6-10 if this meet your satisfactory,, or create your own!! Shocked

Just kidding, look for another sites and don't use their service, that's all. Easy Life.

Amen to that. I mean, look, I'm probably just as displeased to find out things like that - but you'd have to be naive to think that everyone out there in the Bitcoin (and crypto) market has an altruistic spirit. At the end of the day, profits are their objective and they'll do whatever they need to cross that line. It's like Facebook and all that crap, I can understand the outrage when people found out but what did they think FB was doing with their data? And what do you think CMC gets from providing all that information?

There's no need to boycott anything. Find something else you like, and use it. That's how it was with Bitcoin too.

Sadlife

sr. member

Activity: 1400

Merit: 269

There are other alternatives besides coinmarketcap to avoid some misinformation shared by cmc people should look for discrepancy from other site. Trading platforms for example shares real time data on altcoin prices and btc price so there is no need to use coinmarketcap to look up the price. And for the coins background i believe we can use google for that.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: npredtorch on April 30, 2018, 04:31:33 PM

Problem with articles like this are it's too little for a change. Yes it can be heard but, only a few people will be pleased to boycott CMC.
Until no visible or famous person support this act, it cannot put out CMC on the first place rank for a marketcap site.

Also, I find this as an indirect scam and probably there is some people which might find this as invalid.

And I think this is not the first time we have boycotting coinmarketcap as far as I can remember. There was a similar move last year if I'm not mistaken, when they started to promote Ponzi scheme in their site. But nothing happens though, as we all know that this is business for them, as long as the project is paying, they will advertised it even if others will call it a Ponzi or scam project. So to be honest, I think there will be a lot of us here going to check coinmarketcap no matter what, although there's a lot of alternatives though.

llordheiros

member

Activity: 108

Merit: 10

Haven't tried to use it tho.. I'm more like using Binance and Merca.. Tho, I'm watching future exchanges like CryptoHit.

npredtorch

legendary

Activity: 1246

Merit: 1049

Problem with articles like this are it's too little for a change. Yes it can be heard but, only a few people will be pleased to boycott CMC.
Until no visible or famous person support this act, it cannot put out CMC on the first place rank for a marketcap site.

Also, I find this as an indirect scam and probably there is some people which might find this as invalid.

Thian778

newbie

Activity: 112

Merit: 0

If you are not satisfied with one exchange or any site, then you might just need to look for another, since it's there site not ours we only use theirs, so it is like a bus, if you don't want the bus no. 1-5 then wait for 6-10 if this meet your satisfactory,, or create your own!! Shocked

Just kidding, look for another sites and don't use their service, that's all. Easy Life.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: robynmario on April 30, 2018, 03:10:58 AM

I'm not sure about that. It depends on the decision of each person. Although CMC has a lot of leaks and rumors about issues related to "virtual price". However, for me, it is still a daily routine to track and care about market volatility with clean charts. You can "boycott" the CMC if you feel it is necessary but it will still be an important element for many in the crypto community.

I agree with you, who wish to boycott cmc can do it, but that's not some big deal if you ask me. Maybe cmc have some role to some people, but I use it just for informations and mostly for new coins to see on which markets I can find that coin and pairs, I check prices but I trust more in prices on exchanges I use. Who trade actively on more sites knows that prices aren't same everywhere, so checking prices is better to do directly on places where you trading.
I will continue to use cmc when I need it, why not. Maybe they are manipulate with some info, but I don't care, until now with coins I trade I didn't notice nothing, prices were always similar. I have read on some places about what they did and as I understood they will fix that "mistakes" they have been made, we will see.

Wipro

hero member

Activity: 924

Merit: 512

Quote from: Cryptoteleutios on April 30, 2018, 01:27:46 PM

Coinmarketcap was the first platform that brought so easily many new members of the crypto community. Bitcoin Forum is not a forum in which, even democratically can the majority impose their will on something. I see BTT more the most accurate and neutral foundation over cryptoworld. In a way, the Switzerland of the cryptoworld

Bitcointalk forum where comes to the discussion while taking about coinmarketcap mate. Both are different varient one, you cannot compare this both in one platform mode. I do not think you need to against the CMC.
It is most helpful platform for the traders and normal crypto holders.
If you want to analyze your crypto currency value and keep using CMC nothing can work like this one.

Cryptoteleutios

newbie

Activity: 36

Merit: 0

Coinmarketcap was the first platform that brought so easily many new members of the crypto community. Bitcoin Forum is not a forum in which, even democratically can the majority impose their will on something. I see BTT more the most accurate and neutral foundation over cryptoworld. In a way, the Switzerland of the cryptoworld

robynmario

newbie

Activity: 168

Merit: 0

I'm not sure about that. It depends on the decision of each person. Although CMC has a lot of leaks and rumors about issues related to "virtual price". However, for me, it is still a daily routine to track and care about market volatility with clean charts. You can "boycott" the CMC if you feel it is necessary but it will still be an important element for many in the crypto community.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

This is called decentralization in a sense, or democracy of choice. Boycott coinmarketcap is not necessary as long as many other sources as you mentioned and even others are taken into account. Bear in mind in China and Russia also people use other sources because of language and location, not everyone is using coinmarketcap as you think and not every traffic is counted in the internet spaces we are accustomed to.

laredo7mm

hero member

Activity: 1498

Merit: 537

The only problem I have with coinmarketcap is that they sometimes show old price for some exchanges - if you click the Markets tab you get the list of exchanges offering trading pairs with desired altcoin. And sometimes those prices are not completely fresh so when you check the actual price on exchange, there is different price than it was shown on coinmarketcap.

FreeOxen

newbie

Activity: 94

Merit: 0

Guess you have to take all information you read with a grain of salt. Data can always be manipulated by anyone.

poorgrammer

newbie

Activity: 14

Merit: 0

Quote from: Tenderino on April 22, 2018, 06:25:26 PM

I did not read the article you have posted, can you please give a more detailed overview about what you are saying here? I regularly take a look at coinmarketcap to see the prices, but do not read any articles there, so I do not know how they influence the prices. They might have some insider knowledge if they receive secret infomation about altcoin projects and can make usage of it, but yu see the prices live and can instantly act.

i would suggest reading the article... it provides extensive evidence about coinmarketcap manipulating perception of coins by refusing to update or deliberately listing inaccurate info regarding supply or project links...

there is no reason for me to slander coinmarketcap, i just believe as a community we put too much stock in their information and take it as god's word that it is true.

BillCoin

sr. member

Activity: 476

Merit: 259

I don't think that they did it on purpose, it's their system that is too hold to handle this highly manipulated markets and it's just let them enter the average price.
I would avoid using their api in any mean anyways, because it's completely unstable, but for personal use it can't make a lot of damage.
Personally I am using CryptoCompare because the UI is much better for long run looking, but I am not mad at coinmarketcap or something like that. If you don't like it don't use it.

13abyknight

sr. member

Activity: 602

Merit: 252

Indeed, very shady behaviour on the part of CoinMarketCap as they show no sign of stopping even after being called out multiple times. No wonder there is a substantial difference while comparing its stats to websites like CryptowWatch and CoinLoop. This should be brought to attention of the public and a PSA would be the perfect way to go around it.

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: poorgrammer on April 21, 2018, 10:50:21 PM

there's so many other sites
onchainfx
coinloop
spirai
cryptowatch

Links to each site (for easier access):

CMC seems to do quite some shady stuff.
I, for my part, already have stopped using CMC completely due to the accusations and wrong and incomplet price/supply information.

pinkflower

sr. member

Activity: 868

Merit: 259

This is nothing more than a smear campaign from Coinmarketcap's competitors until there proof that those accusations have happened or are happening. Why dont the accusers declare their identities in public and own up to the libel charges if they are proven wrong.

Tenderino

full member

Activity: 336

Merit: 103

I did not read the article you have posted, can you please give a more detailed overview about what you are saying here? I regularly take a look at coinmarketcap to see the prices, but do not read any articles there, so I do not know how they influence the prices. They might have some insider knowledge if they receive secret infomation about altcoin projects and can make usage of it, but yu see the prices live and can instantly act.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Wipro on April 22, 2018, 03:15:13 PM

Quote from: poorgrammer on April 21, 2018, 10:50:21 PM

https://medium.com/@coinmarketcapped/intro-how-coinmarketcap-cmc-manipulates-the-market-by-showing-fraudulent-information-to-the-c1246a953144

after reading this article i think we as a community need to boycott cmc. they control the narrative for so many coins and the market is totally oblivious. its easy for them to update 'inaccurate information' at a convenient time to boost the marketcap of the coin. this is incredibly sketchy!! they are probably insider trading.

the fact that we all use coinmarketcap as our de facto standard for marketcap metric is not healthy in the market for one organization to hold this much power. what about a blockchain solution for ranking system for all blockchain projects?! see audit of all coins..

there's so many other sites
onchainfx
coinloop
spirai
cryptowatch
even BINANCE has their own repo of marketcaps individually calculated and updated according to their information.

don't even get me started on why we should total supply (not circulating) to calculate marketcap. what do u think? is coinmarketcap legit?

There is no valid reason you guys are saying here to boycott the CMC. From the starting time to now. No one reason or problem has been done with any people. I do not know these shared websites are legit or not.
But I believe this website is always for any new cryptocurrency investors.
People really wanna use the best site find the top cois in the market. Except this nothing works better mate.

I dont know whats on their minds and what they are trying to prove or fight on here about CMC. It might have some issues but not generally a big thing just on my part.I dont know for others but those are just on minimal. CMC would still remain on its spot on where it is commonly used as it should be.If you dont like to use CMC anymore due to such issue you can leave anytime yet there are alternatives in the market which do have similar function.

Topic: We as a community must boycott Coinmarketcap.com - page 2. (Read 697 times)