What the shit is happening in CMC? - page 2.

TastyChillySauce00

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Quote from: miklesm on February 13, 2020, 08:07:15 AM

It is true that there are many scam Exchanges in the rating of CoinMarketCap. However, recently they released a new Top by Liquidity which is close to the real situation - Binance, Bitfinex and Huobi are in top 5, for example.

Please see this
https://coinmarketcap.com/rankings/exchanges/
WTF CMC is doing right now by put p2pb2b as the second biggest exchange site in term of daily trade volume. i guess if CMC will never try to change it as it's an order that already paid by those scam exchange sites.

Kotone

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Quote from: shaheer001 on February 16, 2020, 05:21:25 AM

Coinmarketcap is one of the most visited and trusted Crypto tool/website/App But if CMC don't care about such situation then this will badly affect on CMC ranking and every crypto trader/investor will search for another source.

Dont use the app. Everyone isnt force to download or used their infomation. There are lots of source such ad coingecko and any other asset monitor app. But to be honest CMC is the best on this field so might as well ignored this issue as they also know that this is a major one and of course they are testing some solutions regarding these volumes.

bgaf

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Dont dwell to much on CMC. Those people from them arent that reputable enough. Anyway I dont care as long as Ive known what is the reality for these exchanges. Its not that they dont care maybe its hard to use or disable a monitoring approach of volume manually. Thr result might probably be from a bot which job is to record highest volume or trades which might be the problem for cmc. Anyway, Im only using CMC info as asset monitoring device for price nothing more.

shaheer001

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Coinmarketcap is one of the most visited and trusted Crypto tool/website/App But if CMC don't care about such situation then this will badly affect on CMC ranking and every crypto trader/investor will search for another source.

Kvalentine

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It thought liquidity can expose exchanges with fake volumes, am I wrong or its CMC playing games again, what kind of money they received from p2pb2b that makes CMC still give the exchange a high rating? Shocked

upon all the fake bots watch trades, its time we protect ourselves Angry

awakpane

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Quote from: Dhoe on February 11, 2020, 11:41:53 PM

Quote from: awakpane on February 11, 2020, 04:04:49 AM

In my opinion, after seeing events like this, I think CMC is no longer a reference to see the development of coin prices or exchanges at CMC. I think they just want to earn money without caring about other people who refer to their site to invest. it would be better if there were decisive actions against them so that the confidence of the crypto world would not go down.

Maybe they received a lot of money from scammers to promote their junk Exchange. This is a very shameful act by CMC, They should maintain the trust we have given for a long time so that their reputation does not become bad. If they continue to do this then I'm sure users will move on to other, more trusted sites.

I think there needs to be a strict warning against CMC because their actions can harm the user. CMC has long been a good reputation for old and new users. therefore if their actions continue as they are now, it is likely that CMC will no longer have users who will trust it again. CMC only thinks about self-interest without thinking about problems experienced by users.

awakpane

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Quote from: thisnewcoin on February 11, 2020, 05:00:18 AM

Quote from: awakpane on February 11, 2020, 04:04:49 AM

In my opinion, after seeing events like this, I think CMC is no longer a reference to see the development of coin prices or exchanges at CMC. I think they just want to earn money without caring about other people who refer to their site to invest. it would be better if there were decisive actions against them so that the confidence of the crypto world would not go down.

Your sound looks good, mate. CMC can't be a source of legit information in such cases! Every day some unknown exchange comes in the top rank when Bittrex rank is 80-90! This can't be real surely. I have no idea how we can do something against them, better we can go to Cryptowhale bot or Coingecko for such information, they are not perfect but better than Coinmarketcap in many ways!

Right. whereas in the past CMC was very good, even people used CMC as valid information before investing in a coin. but lately, they seem to no longer care about good or bad exchanges. they only think about the benefits without caring about other people's losses in getting good information in investing.

tiptopgemdotcom

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Fake volume and wash trading is still the biggest problem of Coinmarketcap and Coingecko type market-cap sites. Unfortunately, there is no concrete way to stop this and there are no more alternatives for regular crypto traders. Better rely on the given data and make our own research instead of believing the Coinmarketcap.

Malam90

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Quote from: pacman7331 on February 10, 2020, 02:12:13 AM

Coinmarketcap should stop doing this shit job. They are helping scammers in a different way. CMC recently added liquidity option then why they still ranking these shit exchanges on the top! Bilaxy is the number one exchange according to trading volume, Fatbtc is number 3 and the hall of shit IEO P2PB2B exchange on 4th place where Binance is 13 ranked exchange! Such a hypocrite, ridiculously job by the CMC. They should stop it right now, these shit, fake volume exchanges are ruining the honesty of the crypto world. What do you guys think about it?

Right, This is really a matter of joke that CMC shows this type of rank where Binance goes on 13th and FatBTC is 3 rank. Sometimes CMC shows fake pump which creates mislead among us. We know CMC is now the most used site for knowing the crypto update.

whyrqa

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I believe that all the manipulations with the volume of trading on world exchanges are associated with a decrease in the activity of traders and with the closure of many new projects, which were primarily aimed at making money thanks to traders and investors. Everyone is trying to stay afloat by any means. Any resources can abuse their capabilities and provide users with incorrect information for the benefit of someone. That is why I am always looking for the right information on bitcointalk and Reddit, after which I am calm about my assets on the cryptocurrency exchange and can sleep peacefully. As always, I use cryptocurrency exchanges that have the largest trading volume, have the largest selection of trading pairs, and at the same time have positive feedback from users. In addition, it is important that the percentage of the commission decreases in parallel with the growth in sales on the cryptocurrency exchange. As usual, it is the Binance, Bybit, Huobi the most reputable cryptocurrency exchanges.

miklesm

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It is true that there are many scam Exchanges in the rating of CoinMarketCap. However, recently they released a new Top by Liquidity which is close to the real situation - Binance, Bitfinex and Huobi are in top 5, for example.

FatFork

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According to their Listing Criteria "CoinMarketCap listings are always free." and "CoinMarketCap DOES NOT accept payment of any form to bypass listing requirements or to intentionally publish inaccurate information."
What is likely is that some of these listed exchanges are reporting false trading volume data through their APIs or doing a large number of 'in-house' transactions to fake their volumes. I'm not sure if there is a proper method to deal with this. But I agree that Coinmarketcap should pay more attention to this issue since they have a very high place and reputation in the crypto community.

RealMalatesta

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Quote from: pacman7331 on February 10, 2020, 02:12:13 AM

Coinmarketcap should stop doing this shit job. They are helping scammers in a different way. CMC recently added liquidity option then why they still ranking these shit exchanges on the top! Bilaxy is the number one exchange according to trading volume, Fatbtc is number 3 and the hall of shit IEO P2PB2B exchange on 4th place where Binance is 13 ranked exchange! Such a hypocrite, ridiculously job by the CMC. They should stop it right now, these shit, fake volume exchanges are ruining the honesty of the crypto world. What do you guys think about it?

Perhaps CMC depends on the number of votes or something like this? Because a platform like CMC would never promote any of the scam projects. It just might be the people who are responsible for the listing. There are a lot of ways for such scam exchanges to get listed onto major platforms like CMC.

One of the most major way for them would be by paying the high fees to get listed themselves. Scam exchange can pay comparably higher fees and that might be the reason why these scam exchanges like Bilaxy, FatBtc, p2pb2b, etc are on the top list. If the same continues than I do not think that several people can trust coinmarketcap anymore.

Reatim

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Quote from: pacman7331 on February 10, 2020, 02:12:13 AM

Coinmarketcap should stop doing this shit job. They are helping scammers in a different way. CMC recently added liquidity option then why they still ranking these shit exchanges on the top! Bilaxy is the number one exchange according to trading volume, Fatbtc is number 3 and the hall of shit IEO P2PB2B exchange on 4th place where Binance is 13 ranked exchange! Such a hypocrite, ridiculously job by the CMC. They should stop it right now, these shit, fake volume exchanges are ruining the honesty of the crypto world. What do you guys think about it?

we have other option and there are some place where we can also check the exchangers than CoinMarketCapitalization because there are so many issues about this fake volume happening in this site.
i thought they have already clean this Mess but it seems that Going worst?

Quote from: VDraci on February 12, 2020, 09:30:43 AM

Coinmarketcap team are humans too so they can get paid to rank all these exchanges too, forget rating by volumes or liquidity, it doesn't count at all, Users are the ones to choose exchanges very careful, exchanges like p2pb2b are bad

but they must be aware also that People here are using them for fairness and not for this sh*t doings,if they cannot stand for truth then better close their site.

redsun114

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Quote from: timmmers on February 11, 2020, 05:10:50 PM

They promised that they will erase the entire fake trading volume from the site few months ago. The reality? They nie looks like ICOBench site. You pay, you got listed and better rating. It is more than obvious that they get paid for it because it is that 8 totally unknown exchanges has bigger volume than well known Coinbase od Binance. Cheesy

Surely that is the most important point to be considered. These kind of platforms were cherishing in the past but recently even those are turning out to be greedy. They are charging the projects that apply to get listed onto such platforms and perhaps their internal direct relations might even be allowing CMC to create the fake trading volume just with the intention to attract maximum traffic onto the exchange.

It might even be possible that they might be charging such scam exchanges with heavy fees and it might lead to lost them on top positions even above than most reputable and trusted exchanges like binance, etc. This should be stopped as soon as possible because it is actually creating fake awareness which might soon lose faith and also newbies might lose their interest into the crypto space.

VDraci

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Coinmarketcap team are humans too so they can get paid to rank all these exchanges too, forget rating by volumes or liquidity, it doesn't count at all, Users are the ones to choose exchanges very careful, exchanges like p2pb2b are bad

matchi2011

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Quote from: Dhoe on February 11, 2020, 11:41:53 PM

Quote from: awakpane on February 11, 2020, 04:04:49 AM

In my opinion, after seeing events like this, I think CMC is no longer a reference to see the development of coin prices or exchanges at CMC. I think they just want to earn money without caring about other people who refer to their site to invest. it would be better if there were decisive actions against them so that the confidence of the crypto world would not go down.

Maybe they received a lot of money from scammers to promote their junk Exchange. This is a very shameful act by CMC, They should maintain the trust we have given for a long time so that their reputation does not become bad. If they continue to do this then I'm sure users will move on to other, more trusted sites.

Indeed. If CMC will continue to patronize this kind of information many will be disappointed and move away from this site. Traders will find other ways to look for other references instead of using CMC. It's not good to make some citing if there's no realizations from the information that you are providing. CMC should take this from their account if they are still willing to gather more visitors.

Dhoe

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Quote from: awakpane on February 11, 2020, 04:04:49 AM

In my opinion, after seeing events like this, I think CMC is no longer a reference to see the development of coin prices or exchanges at CMC. I think they just want to earn money without caring about other people who refer to their site to invest. it would be better if there were decisive actions against them so that the confidence of the crypto world would not go down.

Maybe they received a lot of money from scammers to promote their junk Exchange. This is a very shameful act by CMC, They should maintain the trust we have given for a long time so that their reputation does not become bad. If they continue to do this then I'm sure users will move on to other, more trusted sites.

bhalwalbhalwal

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Lol, you must not understand CMC's intentions if you truly believe that.

BlackFor3st

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Quote from: pacman7331 on February 10, 2020, 02:12:13 AM

Coinmarketcap should stop doing this shit job. They are helping scammers in a different way. CMC recently added liquidity option then why they still ranking these shit exchanges on the top! Bilaxy is the number one exchange according to trading volume, Fatbtc is number 3 and the hall of shit IEO P2PB2B exchange on 4th place where Binance is 13 ranked exchange! Such a hypocrite, ridiculously job by the CMC. They should stop it right now, these shit, fake volume exchanges are ruining the honesty of the crypto world. What do you guys think about it?

I also notice this scenario upon searching for the top 5 ranking of exchanges and I am shock that P2PB2B was among of them and what is worst, I have used that exchange already and I tested how they manipulate almost all the trades.

They are very good at manipulation, at that time I have some token that were listed there and I saw that there are passive tradings that is happening as buy and sell order are doing good. But upon depositing the tokens then I try to sell, it was locked and I cannot sell it. That is the time that I know that they are listing shit tokens and faking their volume like they have auto bots to act as buyers and sellers to create a wonderful trade scenario. CMC should fix this issue so the crypto society will have a good source of information especially to the exchanges that are good to use.

Topic: What the shit is happening in CMC? - page 2. (Read 712 times)