Why is one exchange showing a different % Gain?

posi

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Quote from: BitcoinHodler on November 12, 2018, 05:14:25 AM

first of all these links are NOT exchanges. they are third party websites that get the price from exchanges then show it to you. always remember that if you want real price and real changes, go visit the exchanges themselves instead of these third party websites.

secondly the difference is because of the way they are calculate gains. i believe coinmarketcap uses last 24 hours which means if now is 1 PM it uses the price at 1 PM yesterday and it will update it when it becomes 1:5 PM and so on while others may be using the close price of the day instead.

You definitely got it all wrong because the mentioned site by the OP was an exchange under the ADCA( Australian Digital Commercial Association) but I want the OP to understand that all exchange site are not the same because the price per coin which exchange posted are determine by the price posted by their users.
OP, if you check the market price of the coin on capital market you'll see that coin price was different on each exchange but the capital market will pick the highest amount as the price per each coin.

arjuna BTC

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Quote from: moneymakescents777 on November 12, 2018, 02:20:59 AM

Here is the coin: Canya Coin - CAN
On coinmarketcap its showing a gain of 114% or 17.3 cents Aud see here: https://coinmarketcap.com/currencies/canyacoin/
same coin on coinspot is showing a gain of 2% or 8.6 cents Aud see here: https://www.coinspot.com.au/buy/can

first, coinmarketcap price is an average price from all exchange that listed the token or coin
and i see in coinmarketcap there is no exchange called coinspot for canyacoin at this moment
https://coinmarketcap.com/currencies/canyacoin/#markets
in my opinion, about the difference is because coinspot didn't have good trading volume,, so the price is moving slowly

Sephire

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Some very low price and low marketcap coins can pump and dump hundreds of percents in matter of minutes with low volume on some exchange and not show up others. Be careful chasing any such pumps.

Nnuego

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Both websites; coinmarketcap and coinspot get their values by analysing and compiling the values on different exchanges and drawing up an average based on trading volume.

Some coins are tradeable on many exchanges and some could be omitted in ones compilation but present in the other.
Hence you can have disparity on the two websites.

dunfida

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Quote from: moneymakescents777 on November 12, 2018, 02:20:59 AM

Here is the coin: Canya Coin - CAN
On coinmarketcap its showing a gain of 114% or 17.3 cents Aud see here: https://coinmarketcap.com/currencies/canyacoin/
same coin on coinspot is showing a gain of 2% or 8.6 cents Aud see here: https://www.coinspot.com.au/buy/can

First, two links given are entirely different site. One is market price reference site and one is an exchange which do have wallet feature.Same as said above i don't know where coinpot
do gets its price either if its just on its own average volume or getting preference into other. CMC does show average as far as i know on all exchangers on where the coin is listed.

Stavri

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there are some exchange platforms with very small volumes. that is why it is possible to make bigger changes on those exchanges with smal amount of exchanges. probably that is the reason.

Crypdon

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This is why people tend to use coinmarketcap because it has a large list of exchanges and can give a more accurate number for those that are checking for arbitrage trading

Reinz12

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Quote from: moneymakescents777 on November 12, 2018, 02:20:59 AM

Here is the coin: Canya Coin - CAN
On coinmarketcap its showing a gain of 114% or 17.3 cents Aud see here: https://coinmarketcap.com/currencies/canyacoin/
same coin on coinspot is showing a gain of 2% or 8.6 cents Aud see here: https://www.coinspot.com.au/buy/can

Like bitcoinholders say, both of them are not exchangers.
Every exchanger does have a difference price and many are determined by pump and dump, or arbitrate, the more active traders, the price changes can occur, while in other exchangers it may not move at all

cryptocrusher

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Coinmarketcap uses the last 24 hours as people have said, so it's a rolling 24hour period. Coinmarketcap also uses a weighted average when calculating the price and gain. So that low volume outliers cannot skew the price.

batang_bitcoin

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Do you expect that each tracker will have identical records?

Some can have real time updates with their increase/decrease and the rest has been said by bitcoinhodler.

Endikadija

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Quote from: moneymakescents777 on November 12, 2018, 02:20:59 AM

Here is the coin: Canya Coin - CAN
On coinmarketcap its showing a gain of 114% or 17.3 cents Aud see here: https://coinmarketcap.com/currencies/canyacoin/
same coin on coinspot is showing a gain of 2% or 8.6 cents Aud see here: https://www.coinspot.com.au/buy/can

Don't take it seriously dude, it's only a pump and dump coin. This time it has dumped again to the bottom. As far as i know that you can see on another coin too about how these coins are getting the different rate in any exchange. Because they are not having the same volume and that gives a lot of impact on the price of token.

Vit83

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This I think is because of very low trading volume. Someone buying/selling even not very quantity can significantly move the price.
https://coinmarketcap.com/currencies/canyacoin/#markets

Lighthouze

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Different platforms have different ways they calculate their percentage gains and their time of review depending on the timezone and country they're operating from. This is what causing the differentials in price percentage gains. Like you've been already told, the best way to know the actual percentage gain/loss for individual coins is to check them on the exchanges they're being traded.

NeuroticFish

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BitcoinHodler is correct.
Also, a difference can occur because of the possibly different list of exchanges used in the calculations, especially if they add or not one of the exchanges with more significant volume.

I couldn't find the list of exchanges Coinspot uses.
I'll also give you one more site for this purpose, in case you ever need it: https://www.worldcoinindex.com/coin/canyacoin (it's not mine, but it's the one I use to check the prices and exchanges)

BitcoinHodler

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first of all these links are NOT exchanges. they are third party websites that get the price from exchanges then show it to you. always remember that if you want real price and real changes, go visit the exchanges themselves instead of these third party websites.

secondly the difference is because of the way they are calculate gains. i believe coinmarketcap uses last 24 hours which means if now is 1 PM it uses the price at 1 PM yesterday and it will update it when it becomes 1:5 PM and so on while others may be using the close price of the day instead.

i7claufe

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It depends on that specific exchange, if depends on the traders/buyers and sellers on that exchange. It also depends on the volume traded on that specific exchange. There are times people pump & dump coins on specific exchanges, specifically small ones where they can control the volume themselves. Bigger crypto tokens on bigger exchanges are harder to manipulate and control, resulting in a more stable pricing spread over different exchanges.

moneymakescents777

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Here is the coin: Canya Coin - CAN
On coinmarketcap its showing a gain of 114% or 17.3 cents Aud see here: https://coinmarketcap.com/currencies/canyacoin/
same coin on coinspot is showing a gain of 2% or 8.6 cents Aud see here: https://www.coinspot.com.au/buy/can

Topic: Why is one exchange showing a different % Gain? (Read 235 times)