Hey guys, this is Bobby, co-founder of CoinGecko. I'm reading this thread and am happy to read that many of you think that CoinGecko is doing a much better job.
Just wanted to say thank you and let all of you know that this means a lot to us to hear from many crypto OGs here and we are working hard to further improve CoinGecko. If you have any suggestions on how we can further improve, do let us know. We are all ears and are looking to make things better.
Feel free to write your comments here, email us at [email protected] or even post on our Bitcointalk thread:
https://bitcointalksearch.org/topic/ann-coingeckocom-360-degree-cryptocurrency-valuation-and-ranking-561516
Topic: What the shit is happening in CMC? - page 3. (Read 712 times)
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. 
Compare to the top exchanges on coingecko.
https://www.coingecko.com/en/exchanges
The exchanges that are on the top list are very known to us unlike in CMC, I'm not familiar with those at the top. I guess CMC allowed themselves to be paid just for the sake of this ranking since they have the huge traffic for market cap website.
An alternative to Coingecko that you might not know about is https://coincodex.com/exchanges/https://www.coingecko.com/en/exchanges
The exchanges that are on the top list are very known to us unlike in CMC, I'm not familiar with those at the top. I guess CMC allowed themselves to be paid just for the sake of this ranking since they have the huge traffic for market cap website.
I cannot guarantee that the data they display is free from errors or fake volumes, but it is undoubtedly better than the data presented by Coinmarketcap.
I have checked CMC and looked at the ranking and still those exchanges that are on the top are not the most popular and said to have the most volume.
Are you sure you checking the right statistics? According to liquidity top three exchanges are: HitBTC, Bitfinex and Binance in chronological order.
I think you checked list according to Adjusted Volume which is nothing but the reported volume minus any zero fees and transaction fee market.
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https://coinmarketcap.com/rankings/exchanges/liquidity/ V
I think you checked list according to Adjusted Volume which is nothing but the reported volume minus any zero fees and transaction fee market.
<...>
https://coinmarketcap.com/rankings/exchanges/liquidity/ V
Exactly! I thought I wasn't going to read a comment that would actually point this out. I'm not also sure if the OP completely understands what he is talking about. Bilaxy isn't even in the list of top exchanges on CMC if ranked by liquidity. OP probably wanted CMC to remove exchange ranking by reported and adjusted volume which I think is unnecessary.
There is no denying that CMC figures were being manipulated and the introduction of the ranking by liquidity should provide a more accurate data on exchange volumes. Other threads that provides more info on this already exist, I think it's better to discuss it there https://bitcointalksearch.org/topic/exchange-liquidity-according-to-cmcs-new-metric-there-aint-much-5202098
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 think they are not aware, of the community's complaints about the reported volume, these volumes are really rigged and manipulated what they are going to gain if they lose their reputation, they are conniving with these exchanges to make it appear that they are the leading exchanges in the market.
I almost don't believe this. Coin Market Cap is the most reputable site and it has been so long time having a great reputation and quality. If it is doing so and it really occurs, I think that the CMC team should evaluate this problem and fix this as soon as possible for the shake of the trust, reputation, and also services.
It's just that experts have figured out the Coin Market Cap algorithm and are now using It to create a successful image for their business. My opinion is that CoinMarketCap Itself is not involved in this. Although we know that money can work wonders. But the team must take steps to ensure that CoinMarketCap continues to be trusted.
What do you expect?
They have done that even ages ago.
Whoever is in control of this website is in league with those whoever he put on top.
There are many ways though to track your coins.
For me, I don't use this website anymore since I was also a victim of a fake pricing this they input there.
Just forgot the name of the coin.
They have done that even ages ago.
Whoever is in control of this website is in league with those whoever he put on top.
There are many ways though to track your coins.
For me, I don't use this website anymore since I was also a victim of a fake pricing this they input there.
Just forgot the name of the coin.
CMC Has been useful for me until now but yeah they should not list these sh*t exchanges with fake volume and scam accusations, they should have a team that will review these exchanges before listing. CMC is just showing what the exchanges API is showing them but some exchanges generate fake volume. I favor https://www.coingecko.com/en/exchanges is better than CMC now. Their Top 10 exchanges looks convincing and real.
true sometimes I am very surprised at the good market placement sometimes below, I was reminded of the coinsbit market where the time before CNB listing coinsbit market occupies a good market position but now it's difficult to withdraw
I almost don't believe this. Coin Market Cap is the most reputable site and it has been so long time having a great reputation and quality. If it is doing so and it really occurs, I think that the CMC team should evaluate this problem and fix this as soon as possible for the shake of the trust, reputation, and also services.
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!
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.
Stopped using CMC myself. Ever since they introduced the "DATA" alliance thing, it gets worse - they essentially create a walled garden that only they and their so called "partner" exchanges get to represent themselves.
Case in point:
> CMC's Top 200 rank only considers coins listed on selected exchanges.
> This creates incentives for coins to want to list themselves on those exchanges
> CMC is part of the cartel creating a false, paid ecosystem
> Coins that can't afford to pay listing to get on those will never get represented fairly
I don't think many are aware of this, but take a look through their list and you'll understand what I mean. CMC is absolutely greedy and full of crap these days. Anyone who is willing to pay their way up can get to the front page. Shameful.
Also, who's to say that all the "DATA Alliance" exchanges are good?
CoinGecko, Cryptocompare etc don't have such nonsense. I personally use CoinGecko all the way because they have really good clean UI, great support if you have questions. They do things fairer and are transparent (see their circulating supply breakdown for ERC-20 tokens). So much work goes into what they do and I think they deserve more recognition than CMC in every way.
Case in point:
> CMC's Top 200 rank only considers coins listed on selected exchanges.
> This creates incentives for coins to want to list themselves on those exchanges
> CMC is part of the cartel creating a false, paid ecosystem
> Coins that can't afford to pay listing to get on those will never get represented fairly
I don't think many are aware of this, but take a look through their list and you'll understand what I mean. CMC is absolutely greedy and full of crap these days. Anyone who is willing to pay their way up can get to the front page. Shameful.
Also, who's to say that all the "DATA Alliance" exchanges are good?
CoinGecko, Cryptocompare etc don't have such nonsense. I personally use CoinGecko all the way because they have really good clean UI, great support if you have questions. They do things fairer and are transparent (see their circulating supply breakdown for ERC-20 tokens). So much work goes into what they do and I think they deserve more recognition than CMC in every way.
Very misleading, No wonder some new developers choose p2pb2b exchange as a top exchange, if CoinmarketCap can rate p2pb2b as a top exchange this will mislead many who don't know or hear anything about the exchange, CoinmarketCap can't be trusted anymore
Yes, only in this case it's not the coinmarketcap site that we can't trust, but the P2PB2B exchange that we can't trust because the exchange often creates fake volumes, making people who don't know it to be victims of P2PB2B. 
I know how to fake a volume, but how do you fake a market cap? That's just basic maths on price and supply.
You just said it yourself, basic maths on price and supply. That's two things most blockchains make it easy for you to control.
You can go on WAVES or ETH right now and create a token in about 10 minutes (let's say you take that long to figure out a name and the supply).
Shall we say 1 billion fixed supply?
Now go on an exchange somewhere and fake the volume. Shall we say you're willing to burn $100 in fees to trade back and forth and create orders on 5 exchanges for about 1 sat per token, trading several millions?
1 satoshi x 1 billion = 10 BTC market capitalization. Tada.
It is very alarming to hear such news, especially related to trusted global sites & displaying complete data about crypto such as CMC sites. if something like that continues of course it can reflect their bad image to the public. but I personally don't really know whether it's true or not, it's important for anyone to always be vigilant and also use other sites like Coingecko.
They are helping scammers in a different way.
You are really serious because so far CMC will never doing that. CMC have their own way to analyze crypto with all information that users need, everything they share is depend their own opinion, as users we only need to check with real condition on market. There's no trusted site because information can change in second, don't blame CMC because of that, they only want to help with their own way. CMC already have reputation, if goes wrong you only need to contact them and say your opinion so they can evaluate their works.
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?
Coinmarketcap is known for manipulations for years. They do list your coin or exchange if you pay them and I heard top ranking will be more costing as its top rank holders will attract investors or users more easily. Overall, coinmarketcap is losing its credibility which must be a worrying sign for crypto space.We should not make any decision based on what we do see on coinmarketcap but I am not saying stop visiting it. You may use them for the purpose of references and nothing more than that. Also, there are lots of alternatives are available for coinmarketcap nowadays.
I think it will damage the purity of the name crypto. Is this only known by certain people?
If that happens there might not be any other response, but if everyone knows about it, I think there will be an action about it, and that will eliminate the incident.
If that happens there might not be any other response, but if everyone knows about it, I think there will be an action about it, and that will eliminate the incident.
Very misleading, No wonder some new developers choose p2pb2b exchange as a top exchange, if CoinmarketCap can rate p2pb2b as a top exchange this will mislead many who don't know or hear anything about the exchange, CoinmarketCap can't be trusted anymore
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