What the shit is happening in CMC? - page 6.

Nadziratel

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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?

This is something about the fully reported fake volumes. And I don't think CMC is guilty about this issue. In other words, is it wrong to publish this not really causing the problem?

We should at least be a little bit more conscious. Everyone who spends some time here (in the forum) knows that exchanges like P2PB2B, Fatbtc and bilaxy are impossible to reach those volumes. There is already a saying in it. DYOR!

Kaliecious

full member

Activity: 246

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I prefer Coingecko over CMC, in my opinion CMC only retrieves API data from markets that upload fake volumes. this is unfortunate the market reputation is bad with the highest volume.
many top markets with the largest volume are in the 20+ ranks such as binance, huobi, bittrex and others

passwordnow

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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.

pacman7331

full member

Activity: 638

Merit: 118

Quote from: mindrust on February 10, 2020, 02:29:29 AM

CMC has been scam since they listed Ripple as a crypro currency. Since then they only upped their game.

Tell me a better marketcap website which blocks scam exchanges and I'll use that one but so far I don't see any.

Yes, there is no such Marketcap website where scam exchange is neglected but Coingecko is doing a bit better than CMC by listing real exchange in the top rank. In CMC, Bittrex ranking is 93! I just can't believe how hypocrite C being now, but in Coingecko Bittrex is on top place, that fascinating to see.

pokok_work

member

Activity: 117

Merit: 15

Yes, I do

Actually this incident has been a while. Unfortunately at this time the CMC platform does not work well, or cannot distinguish between original volume and manipulation (price/volume). To see coins or tokens at the moment I still use CMC, and not to see the exchange volume. And also the rank of coins/tokens is 1000 and above I think it's also shitcoin and doubt. in CMC I only believe up to rank 100 only.

pacman7331

full member

Activity: 638

Merit: 118

Quote from: Kunnu on February 10, 2020, 02:25:05 AM

Absolutely agree with your point this kind of attempts are creating so much confusion especially for new crypto community there is no doubt that cmc is top rated platform for getting knowledge about cryptocurrency and exchanges but somewhere I think cmc is misusing its huge reputation maybe it's happening because of money anyway the present crypto community is smart enough and they know very well the deference between right and wrong so this kind of attempts won't work for CMC.

Yes, you are right. It seems CMC is misusing their high reputation. I heard they took money to rank up many unknown exchanges, even they were a partner of scam IDAX exchange. We all know it but still suing CMC instead of Coingecko. So, the CMC team should realize this and get out of these scammy activities.

mindrust

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CMC has been scam since they listed Ripple as a crypro currency. Since then they only upped their game.

Tell me a better marketcap website which blocks scam exchanges and I'll use that one but so far I don't see any.

minairia3

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Activity: 1498

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This has been a big conflict even before. CMC just uploading files that comes from volume on their listed exchange. Unfortunately they can't monitor efficiently which exchange uses bots and manipulated the markets. If you would noticed they segregate their volumes into adjusted and reported to make sure that people can recognized which is more accurate volume. Maybe in the future they could fix their set up to more precise market outcome cause to be honest, these exchanges uses these data to fool investors but when you actually check the market its just a wash trades cause the buy and sell order dont match and lots of gaps.

Kunnu

member

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Absolutely agree with your point this kind of attempts are creating so much confusion especially for new crypto community there is no doubt that cmc is top rated platform for getting knowledge about cryptocurrency and exchanges but somewhere I think cmc is misusing its huge reputation maybe it's happening because of money anyway the present crypto community is smart enough and they know very well the deference between right and wrong so this kind of attempts won't work for cmc.

pgbit

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This is really sad that a top platform works like that. CMC is one of the most used website or tool in the crypto world. When we talk about Bitcoin dominance, altcoin's price, the volume we collect information from CMC, not from coingecko or Livecoinwatch! But look at what they are playing with us. Most of the calculation from CMC is wrong nowadays because they list all the fake, bot trading things Comparing this, coingecko is doing far better. OP, you raised a good question, CMC should look at this and change things into positive.

pacman7331

full member

Activity: 638

Merit: 118

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?

Topic: What the shit is happening in CMC? - page 6. (Read 726 times)