What the shit is happening in CMC? - page 5.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: gweedo on February 10, 2020, 08:22:36 AM

We cannot complain about Coinmarketcap. They've done a great job of doing their job so far, the fake volume issue comes from exchanges so it has nothing to do with coinmarketcap. And you should equip yourself with knowledge before complaining about them. You can search and choose the best exchange without paying attention to the information from coinmarketcap

Wrong.

They can do something about it.

If I owned an exchange where the only trader was me, buying and selling btc constantly on my platform... you, as the owner of CMC, would you list my exchange?

No? What if I paid you some? Yes?

This is what CMC shows right now, last 24H "adjusted" trading volume of BTC.

In this whole page, the only legit exchange is Binance and the rest of them are completely bogus. Fake. Fugazi.

jessyj48

member

Activity: 756

Merit: 14

I've given up on CoinmarketCap as well, coingecko is more better to be precise, at first I though the CMC liquidity rating with make sense and expose many exchanges with fake volume but I was wrong, it seems CoinmarketCap can't or don't want to expose those exchanges for one reason or the other

wxxyrqa

full member

Activity: 1330

Merit: 121

Quote from: thiscomm on February 10, 2020, 08:36:41 AM

I think that happened because CMC was hacked by several people who wanted their coins to be ranked at the top. I am sure CMC is not possible to do and provide false data. if not, maybe it was implemented by CMC as a place where people mentioned their opinions. so in fact the price does not change it's just that CMC provides a place to convey the opinions of its users.

Of course, until recently, the CMC was a very authoritative resource, to which many cryptocurrency users have attributed, but recently quite often we get distorted information, but there is nothing to be done about it, and the main thing that cryptocurrency users should pay is to check all the information received and at the same time you need to have several sources. If earlier the Coin Market Cap evoked a high level of trust, and today negative reviews sound, then each cryptocurrency user should first of all rely on himself. But nevertheless, today almost all resources, including trading exchanges, are manipulating the sales volumes of various cryptocurrencies, and no one can deny this, nor can this activity be controlled.

thiscomm

jr. member

Activity: 224

Merit: 2

I think that happened because CMC was hacked by several people who wanted their coins to be ranked at the top. I am sure CMC is not possible to do and provide false data. if not, maybe it was implemented by CMC as a place where people mentioned their opinions. so in fact the price does not change it's just that CMC provides a place to convey the opinions of its users.

gweedo

legendary

Activity: 1498

Merit: 1000

We cannot complain about Coinmarketcap. They've done a great job of doing their job so far, the fake volume issue comes from exchanges so it has nothing to do with coinmarketcap. And you should equip yourself with knowledge before complaining about them. You can search and choose the best exchange without paying attention to the information from coinmarketcap

shollyen

jr. member

Activity: 344

Merit: 1

The standard f CMC has reduced for quite some time and ever since I noticed that, I do not rely on their judgements or whatever they bring up. You might use the platform to track the activities of coins or crypto exchanges but do not rely on every infirmation you see there. Rather confirm whatever you see from the right source.
Whatever they might be doing now, might mislead a lot of newbies, who are just coming to invest for the first time. almost everyone who has been in the crypto space for quite some time now knows that Binance is one of the topmost exchanges. So, bringing some shit exchanges above it can be very wrong and misleading.

fuer44

sr. member

Activity: 1652

Merit: 262

SOL.BIOKRIPT.COM

I am indeed a little strange with that ranking, why can p2pb2b be number 4, while binance and yobit which are good exchangers actually lose from p2pb2b. I don't believe it a little, but why does it have to happen by coinmarketcap counts. then I also asked, from what coinmarketcap did the calculations because in my opinion if calculated from liquidity and trading volume, the binance and yobit are actually better and higher than p2pb2b.

Valzador

hero member

Activity: 1316

Merit: 503

Quote from: passwordnow on February 10, 2020, 04:24:51 AM

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/

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.

Samayuki

member

Activity: 574

Merit: 24

Quote from: pacman7331 on February 10, 2020, 03:12:13 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, ridiulously 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?

That's bad, here I am thinking that rating with liquidity on coinmarketcap will uproot these fake volume exchanges like p2pb2b and others, its a shame that these exchanges are ranked higher on CMC, I stop trusting CMC from now on

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: pacman7331 on February 10, 2020, 03:12:13 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?

Coinmarketcap has always been absolute shit.

That's why I use platforms like Bitgur and Coingecko to get a more accurate picture of what is going on.

I actually think people should just boycott the website. I mean look at KickToken, apparently it has a market cap of $500 million with a daily trade volume of just $1m on trash fake volume exchanges.

That's a god damn joke. CMC should automatically hide tokens with such a ridiculous ratio unless the user manually chooses to show them.

https://coinmarketcap.com/currencies/kick-token/

ikicha

full member

Activity: 788

Merit: 100

Coinmarketcap data was taken by API Exchange, so went the exchanger doing an manipulation the data at coinmarketcap was also got manipulated by these exchange manipulation. You should fully trusting coinmarketcap, just pick/choice reputable exchange like binance.

Kupid002

sr. member

Activity: 1036

Merit: 329

Quote from: pacman7331 on February 10, 2020, 03:12:13 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?

choose other website if you want to look for legitimacy of daily trading volume of every exchange. Coinmarketcap adding the list of top crypto currency exchange base on volume and they dont care what exchange as long its in the top volume that day.
And those exchange doing that fake volume want to be in the top list because they also want to have more user's and being in the top volume is the easy way. Other than that it can attract dev to list to them and earn money from listing.

Tash

sr. member

Activity: 1190

Merit: 305

Pro financial, medical liberty

Cmc lost any credibility a long time ago when they listed XRP. Everyone know from that moment on if you sent a big enough bribe they will dance.

khiholangkang

hero member

Activity: 2142

Merit: 594

Quote from: pacman7331 on February 10, 2020, 03:12:13 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 can't completely blame coinmarketcap, because they only display a data from an exchange, I don't think it's easy for coinmarketcap to be able to distinguish between genuine volumes and fake ones.

thesmallgod

full member

Activity: 1498

Merit: 129

I think their requirement for categorizing exchange has to do with trading volume. However, we may not be able to blame them because most of those shit exchange work their way up by using bot to increase trading volume in order for them to rank up in the coinmarketcap exchange rating. The worst part of this that most new project dev consider CMC as a resourceful site and give them high priority in determining listing site but at the end of the day they do not get what they want.

coiningz

jr. member

Activity: 194

Merit: 8

its a buisness. I guess, that cmc is earning money like that

dkbit98

legendary

Activity: 2212

Merit: 7064

It had been talked about many times about CMC website.
They just take bribe from all this exchanges to put them on top places.
Even their so called adjusted volume is crap, so it is better to switch to CoinGecko website.

Adreman23

full member

Activity: 1366

Merit: 107

SOL.BIOKRIPT.COM

It is better to fix this problem by cmc because it is not good to give wrong informations especially when money involved. If they don't fix that probably no one will visit cmc website and they must bear in mind that they are not the only one who have this kind of platform. After all its totally their loss not ours, if they dont fix the issue.

Pffrt

sr. member

Activity: 1372

Merit: 322

Very sad that CMC is still taking no step in formating the exchanges. Most of the times I see fake volume exchanges are in the top. However, it's true that CMC has changed/added a lot of things to give the best impression to the users. They have recently added some more features like adjusted volume, on-chain analysis, ratings etc but they need to do something for the exchanges I think. Most users have already switched from CMC but to be honest there is no more good option too.

shinratensei_

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Activity: 3234

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: pacman7331 on February 10, 2020, 03:12:13 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?

CMC is massively adding various advertisement and this time CMC is a money-oriented site. Just never use this site again to get the real volume from the market and all of the volumes that already written by CMC were fully manipulated. You can use https://www.coingecko.com/en/exchanges as an alternative site to the CMC and just suggest you take a look at the comparison between the actual volume from both of these sites.
CMC has placed so many scam exchange sites at the top of exchange sites by daily trade volume while coingecko was putting all of the reputable exchange sites with actual volume and it's not having washtrading volume like CMC. What we can do just never try to open CMC and use another site. That's a better choice right now because im doing it.

Topic: What the shit is happening in CMC? - page 5. (Read 700 times)