Bitcoin Forum

I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.

Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.

If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.

In fact, for a very long time, people have already said that the count of capitalization on a coinmarketcap is considered to be not quite correct. But nothing I know happens. In fact, it really has a big impact on the market as a whole.

CMC gets decreased on its quality, so far i you are seeing the fact that it might be dozens of fraud coins delisted from coin market cap till this time
But it looks like CMC doesn't even care about that and just try to keep it listed on the site.

In any case, such sites as CoinGecko help to monitor the situation in the market and where you can buy or sell tokens. It's convenient. About fraudulent coins-not always even the best experts can recognize a well-prepared SCAM.

Cryptocurrency markets cap rankings website doesn't need to delist any scam coin since it isn't their job. The website functioned just to list the cryptocurrencies market statistics other than that it is our job to research and analysis the project. Actually, it just needs common sense to be able to see a scam project easily. 

Actually, this must be done by them because if fake coins go into them, investors will be affected because many investors trust the place of the token listing. So they are trapped to invest their money to buy fake tokens.

coins scam listed on CMC were not originally scam coins, they only failed in the market so they did not have investor confidence and lost trading volume, I still believe CMC is an accurate site to see the price list that is happening, and like the one I see some scam coins in CMC have been deleted

Coinmarketcap is not responsible for advertising, they just get the money and I think it is normal because it is one of the main revenues of the site. The famous, too, advertise bad products and on them no one takes offense. Just ignore the ads and use the services of the site as it provides everything for you for free.

Authoritative exchanges clean up non-fraudulent projects, they exclude trading pairs where there is a very small trading volume, because they do not receive their commission for this. If fraud brings money, then no one will remove it. Isn't Bitcoin Cash a scam !!? But still, all the major exchanges have trading pairs with him.

I have always known CMC to be a good site since I started  investing in cryptocurrency and I still use it. Although, they have their Owen shortcomings, which sometimes can be misleading. I have seen situations where the price of a coin on CMC, compared to what is on the site, were very much different.
Which means CMC, is just meant to give you a clue on what is happening on exchange, then it is left for you to visit the exchange and confirm.

The easiest way to clean them out is to get rid of projects with near zero every day volume. By the way, take a look this article about the real situation on the market (https://blog.goodaudience.com/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee) and pay attention to Current Environment section (as well as the whole article). I find it very interesting.

I agree with you, since this platforms are very useful in terms of data and insights. They must observe transparency and professionalism with those things such as execution on truthful information about the platforms they want to list on the site. This is so important to avoid further problems regarding faked and scam front projects to be listed.  

As problematic as it seems they really not giving any attention to this kind of thing, they are only listing the most demanded coins whether it's implicated as a fraud or not. The unpopular ones will be left behind and will eventually get delisted even if they are legit. Even I've seen tons of crypto that works on ponzi scheme listed there, not a new thing.

Everyone who uses these sites, should know that, they are just meant to give firsthand information, but that you should not dwell so much on it, until you gave visited the exchange in question.
Most times, when you see a coin that has lost its value on CMC, you would have known, because, it will only have MarketCap, without trading volume and even if it has trading volume, it will be so minute.

Exactly. If the leaders with their income and support fraudsters is a big problem. The market needs to be cleared of this. But it seems to me that it is not anyone who is not interested in anything but investors and hunters.

All that CMC cares about is the trading volume. Once any coin meets the required amount in its trade volatility it is accepted and listed on CMC. The site does not do a thorough check.

I don't think it is their job to do it. It probably takes a lot of their time. Just updating the circulating supply of a coin or token already takes a few days of weeks, how much more monitoring which ones are dead.

CoinMarketCap presents a really huge amount of coins, and many of them are probably fraudsters and have no demand, but you need to understand that such sites provide us only information for researching coins, displaying the volume of trades, each coin, charts, exchanges on which they are sold and etc. Therefore, I personally do not see any problems, I always use the CMC to monitor my coins.

Coinmarketcap is a business and their main goal is to make money.  It will cost them a lot of resources to go through every single crypto that is listed and do a in depth analysis on each project to determine if it is legit or not.  Ultimately the free market will decide what coins are best and there are many alternatives to coinmarketcap if you want to go down that route.

I think soon they will do something about this. There are a lot of exchange in cryptocurrency and a lot more are being developed and majority of them are creating fake volume to earn money. That's also one of the reasons why some altcoin price dump due to this fake volume.

this is where the weaknesses of the system that the marketcap currently has, whether they are for whatever reason do not want to delist coins that have indeed committed fraud or have great potential for fraud. Most likely this is because because the marketcap is free, does not hit the same thing well or not, the most important thing is there are certain conditions that must be fulfilled for the listing, even if cmc has to remove the coin scam, they should also delete gambling and multilevel marketing's coin.

It's not like they have the same criteria for all coins or tokens to be listed as those exchanges. Only trading volume is needed and they get listed for free. If people want CMC to do the extra screening, maybe they should ask payment from those who demands it.

I don't think they will do until they are in need for that,for now people were aware of which coin is scam or not so better decide by ourselves than trusting an outside wource which ks working for their benefits.

CMC is not what it used to be,the quality of it listing as reduced to the minimal,just hoping that CMC can adjust and correct somethings.

Yes and i think such websites should also not place adsense or anyother third party based ads as mostly we see ponzi or scam projects being promoted their rather all these platforms should sell direct ads by renting ad spaces. This way not only they can check and only allow legit projects to advertise and at the same time they can increase their revenue by eliminating the middleman.

The websites have shown inaccurate information on circulating and total supply for years. I don't trust the information. I always check.

I think that representatives of the resource MarkepCap should check the real trading volumes of coins.

After checking, we will see that some coins have a volume hundreds of times smaller than those indicated on MarkepCap

In fact, sites like CoinMarketCap and CoinGecko are not required to detect fraudulent projects, they give us tools to track capitalization, coin rates and the list of exchanges on which they are traded. If the coin turns out to be fraudulent and stops trading, it will be removed from the site.

They may be out to make profit, but some reviews just have to be made. The standard needs to be restored.
As much as i like coinmarketcap, i will want a situation where investors will lose interest in its credibility.
Not only coinmarketcap, but also other MarketCap sites.
I think the previous ways  or criteria need to be reintroduced again, perhaps, that will also help to reduce the rate at which some developers do not care about their projects.

Most investors are attracted through MarketCap sites, because that is where they will first check for information of the coin before going on exchange sites. If the scam coins are not removed, it might be confusing, so delisting them is of necessity.
Yes, MarketCap sites are not exchange sites, but list coins to display information about them, so if they can list for that purpose, they also should be able to delist.

I think the listing process on the new coins on coinmarketcap are done automatically. And if not, we must give more time to the developers, because I am pretty sure that they are doing their best to give us a updated coin list and rankings in coinmarketcap.

That is a good point which needs to be addressed, perhaps by the market cap sites.
Peradventure nothing is being done, then the onus is on those who use the site to be able to choose rightly the coin to trade.
This is more like someone telling you that a particular coin is available for investment, but it will be wise of you to do your own under study, because this is part of the requirements of good investment.

They collect data from exchanges, so if exchanges giving them bad data, they can´t know it.
But you can still contact CMC and give them proof that some coins have fake market cappitalization.  ;)

This Coinmarketcap is very helpful in providing detailed coin information. But it still has flaws and that makes perfect sense. So I think before deciding which coins we will buy, we have to do research. Because this is very important to do so we don't get fake coins.

actually i disagree. it should all be up to the user to decide not some website that lists all the coins. if you rely on them then biases will shape and then eventually these sites would start getting paid to manipulate their listings to affect the public opinion as CMC has done in the past.

in fact i even say they shouldn't rank altcoins at all. some alphabetical sorting would be more than enough. maybe some categorization based on their algorithms, supply,... would be a lot better than what CMC is doing which is based on a fake number called market capitalization.

You are right about reputable sites doing their jobs adequately but I think that has happened in the past
Since the bearish market began, reputable firms like market cap are more worried about their income/ profit than viewers safety against fraud

I agree with you. Also I want to add that such marketcap sites have a lot of scam coins or there isn't some information. I mean that they have enough work to do. We chould check their information too.

Until now, all those justified fraud coins are still up and can be searched in the CMC. The cmc developers should be aware of what is happening. But if the developer contains only small people, we should consider them and give them more time to do it.

i agree but, when investing it is really investors responsibility to do indepth research about the project that they are going to invest. Plus, they need strategy on how long they will hold on to their invested ico. But i agree that if every entity do their job right about what to list and what to ignore then a lot more people will be more likely to make money in this crypto space.

Then this is a weak investor that did not do a research on what and where to invest, I never look for coinmarketcap for investment I go to the site and feedbacks of the community and check the profiles and the people behind them and search about their platform but never use coinmarketcap as my one and only guide.

What i know is that coinmarket cap sites is just used to show the marketcap of coins that the data is taken form many exchange markets, so in case there is an indicated scam coins, it should be gone from the marketcap since the data won't be available to be taken from the exchange market.

I think crypto market data always changed every second and no one can follow it, so I suggest you to not trust it but you can see from exchanges data. CMC and coingecko is like portal data that you can see all information running but the specific data ( true ) is only on exchanges. Those web have good performance for me, even sometimes not correct but from them I see opportunity,

We should make our own research. But that doesn't mean that the cmc and coingecko is no use. It is useful also for just references on its price and its volume. But we make our own research to know more.

The fact is that many of the biggest scams that has happened in cryptocurrency listings are scams that looks very genuine at the surface, some of them would pass even the most rigorous checks of some exchanges.

For a very long time, many forum participants said that sites that convey such dynamics can deceive us. I think that this may be due to the fact that the exchanges may transfer not quite correct information.

It is pretty difficult to find an exchange that does not have any trading bots that are manipulating the volume. Thats why I prefer to use decentralised exchanges. Moreover the Caps websites are also making some strange things like that time when cmc showed +60 percent for each coin.

Based on my research, developers team for coin market cap have been using automated data to process the prices on the coins reflected on their website. It has nothing to do, or coinmarketcap has nothing to do to its price and its delisting. Because it is a passive viewing only.

I think the coinmarketcap (CMC) is now becoming strict on the tokens listed there. Somewhere in an ICO group, an admin mentioned that and it will really be great if CMC starts scrutinizing tokens listed.

Honestly, I often take information from a coin through the CoinMarketCap website. Because the sport shown is really accurate for the price of the Exchange. At least, I was able to see many charts last year, as my reference in trading.

As a form of responsibility for MarketCap, such as CMC and CoinGecko, they should care about such things, removing coins that have proven to be a scam. So that many people are helped by losing their money