Bitcoin Forum

Do you Believe Exchange Volume of the Coinmarketcap?
Also Do you believe exchange volume?
I think all the exchanges are fake!!!

I'm not and I suggest you to create a comparison between CMC and another marketcap site like coingecko, cryptorank, or cryptocompare and you will get the different result.
I believe what has already published by CMC seems already manipulated.

It's very easy to know that. CMC itself is manipulating the total volume on its own site. When you are using another site and those exchange sites will have less volume than what has already published by CMC. The problem is on the CMC itself.

Not exactly, there are reports already been made about that.
You can check here : https://www.google.com/amp/s/www.forbes.com/sites/annacorradi/2019/07/23/has-top-cryptocurrency-website-coinmarketcap-completely-given-up-on-data-accuracy/amp/
And the owner of the website is already working on it and trying to fix the problems about this matter.

Yes Agreed! Every Exchange has its own criteria for Volume. So we don't blame the exchanges for the volume.

I don't believe most the exchanges volume as most of them are faking their volume so they can rank up in coinmarketcap or other platforms that rates them as this is also another way of marketing their exchange and to gain some users.

But in coinmarketcap, I can see that they cannot be bought easily therefore I can trust them like 80% out of 100% as their data is not that accurate also due to exchanges that are faking their volume but still coinmarketcap are accepting it. If they can fix this kind of issue then I can give higher percentage to coinmarketcap.

It is just a basis.
That website may not handle every coin out there.
Use it only for looking at history or maybe the price for each coin.
You would still be better of in an exchange. That should not be fake or they can be sued.
Although there are circumstances that every exchange have their own price. That is also because of the orders which are stuck in there or some are trying to manipulate it putting small orders just to reflect in CMC.
Try to compare them.
I got so used to this because there are times when my coins are booming in price (CMC) which gets me excited and then suddenly when I look at the exchange it is just the idiots making small orders with super high prices.

Lol, Coinmarketcap is not a reliable source of exchange volume because they don't to include a lot of mid tier exchanges which obviously practices wash trading and fake volumes.

I would suggest you check out reports such as this one, http://www.bti.live/exchanges/ or used https://www.coingecko.com/en.

Many already know what coinmarketcap is doing, but I doubt that they're going to change it after so many years.

you can check other alternative such as https://www.coingecko.com/en and check the difference with both volume of every exchange .

The difference is actually how the volume are being calculated and what is reported by the reference site?
Specially the exchange has been involved as well they support third parties to trade within their platform that works just to increase the volume of trading.
Sometimes even the coin project are involved in creating such trade volumes.

Hope you have evidence to back up your claim? what research have you done to make you talk this way? we have honest exchange in crypto space and thanks for their honesty investors can trust them, binance, huobi, gate, kucoin, bitmart, probit,dcoin, coinbene, stex,etc have no fake volume but some do have fake volume.

Coinmarketcap is the best out there, they give information in good order and no fake info on coinmarketcap either, now they are about to start using liquidity for ranking, nice move i think

The difference between Coinmarketcap and Coingecko is quite far, so when I see prices, I often use Coingecko because it's more accurate then I like comparing it to Coinmarketcap, but I think Coingecko is in my opinion more accurate.

I trust coinmarketcap and if any fake volume is been reported they will eventually fix it, that is if they never knew, coinmarketcap do their job very well and among all others like coingecko etc coinmarketcap is still the best choice

I believe at least it can be a reference when trading or sell of my tokens. (in my point of view)

Well, big volume does not mean the exchange is legit/scam. it's possible that coinmarketcap doesn't update in realtime. I have also heard that the fake is the exchange because it manipulates the trading volume but the CMC also sometimes meddling in this case "if they are get paid for it".
I am neutral for this

Not all of them are fake even though in reality it is true happening (a lot of manipulation and fake volume). but I am sure there is a legitimate and trustworthy exchange.
so don't judge the exchange all same (bad), coinmarketcap is also not to blame, why? I'm sure behind it all there must be good and bad reasons. (idk, maybe about money or reputation, whos know)

I do agree, coingecko is much more reliable to see exchange volume. Coinmarketcap is not reliable anymore, we should see other site to see market condition.
It has been a problem since past few months, it is not yet been fixed and being discussed a lot of times. We do hope that this will be fixed as soon as possible.

You can used it as basis but not to rely with every information that being shared. There's really exchange that manipulating the volume to attract investors and traders, it's still needed to do your proper research if you are into investment. More safe when you understand and knows deeper regarding to the project or exchange that you are following or you wanted to support. CMC have the data that you need but it's still your obligation to research and study.

mostly that the volume of exchangers on coinmarketcap does not correspond to reality. actually I would rather see the market conditions myself than see the volume in the market. At present, so many volumes are manipulated, there are even some not-so-popular exchangers who have suddenly dominated volumes. I have seen a number of conditions that market conditions p2pb2b and vindax dominate, but a few days later it was discovered that the volume was manipulated.

Big volume needed for exchange and cmc to promote its product

i think yes, most of exchanges, especially CEX, are fake
they have to manipulate to get investor/ trader attention

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But, we have to see other side, manipulate, still within reasonable limits, is needed to increase trading volume
imagine if the exchange is pure without manipulate, you may see very low or even near zero
it is not good for crypto development, trader and investor wont get interested and crypto wont be big too

If there is any fake volume information on coinmarketcap it is definitely a bug, i have seen such mistake in the past and they later get it fixed, coinmarketcap job is to give the audience good coin ranking and info based on volume and now they are switching to liquidity instead

Where there are bad eggs, if you look closely you would notice that they are good eggs too even though they tend to hang out at the bottom of the ladder because the dishonest ones has overshadowed them but the real traders know them and utilise their services, ofcourse the CMC data cannot be trusted because there is so much wash trading ongoing in exchanges especially obscure exchanges that I wouldn't trade in even if they pay me to do it. But this isn't a direct fault of CMC, it's the direct fault of dishonest exchanges.

certainly do not believe. Many stock market volumes are fake. coinmarketcap has made an update to prevent it but it's hard to say that it was successful again

This is how it works, initially coinmarketcap were supposed to display the correct volume of all cryptocurrency exchange but since there isn't any medium to authenticate the volume been sent to them by this exchange, that means the exchange can easily manipulate their trading volume from within the exchange, most especially the small exchanges. From the angle of coinmarketcap I don't see any benefit in them manipulating the volume of exchanges unless they're been paid to do so therefore the blames has to be on the exchanges.

Correlatively, this trading volume manipulation also affect the price of coins listed on the site. Since there isn't any means to verify the actual trading volume if this exchange, it's safe to say they're all fake especially as the industry isn't regulated and trading volume manipulation can be observe in all exchange via bot trading.

I think it's better to see conditions in the market than to depend on Coinmarketcap, all of that can be manipulated and that often happens so I think we should check it directly in the market will be better then compare it and don't forget to check what you can, but for Coinmarketcap itself, there are still some things that have not been fixed in terms of volume and price.

I'll be agree if you add a make sense statement regarding it.

I have heard that information a few times, but I didn't get a point that can be accepeted.

If people can lie about volumes, if exchanges can give out only fake volume what will now happen if liquidity comes first instead of volume? coinmarketcap have taken the right step by ranking coins and tokens with liquidity instead, its on their website like this 'We just launched Liquidity to combat the volume inflation problem'.

The volume always publish by coinmarketcap is not the real volume of cryptocurrency market, so I can't believe or trust it and made decisions based on it. A huge percentage of crypto exchanges uses bots to create fake volumes in order to entice traders to their platform and these volumes are what coinmarketcap rely on.

Ther eis a lot of wash trading happening on exchanges in order to help pump volume when exchanges are new, but they also show real volumes as well. You can check for yourself and see what is pumped volume and what is real volume. This process is of course normal in the beginning. Like in a store or restaurant family members will fill up the place or shop there to make the venues look busy in order to attract more customers etc. Well some will say it is unethical, for others it is a grey area as well. So it depends form which angle we look at it.

Everyone in the space knows of or has heard about all the fake data circulating in CMC and others. So what? We all knew it and if we trade following it we deserve to be fooled by scam projects and fakealts.

Anyway CMC introduced a new liquidity metric. Anyone have any opinion about this? Or no one understands it? Nice move like callanta says, but is it effective?

Yes they made some changes, and now they have different ranking system, which is a good thing. There was a lot of drama this year about coinmarketcap and their manipulations with some coins. In anyway coinmarketcap and similar sites should be just for information purposes only. Take a look what they have to say, but if you wish to be sure in something check that on several more places.
In the case you missed this article "For 15k, he`ll fake your exchange volume - you'll get on coinmarketcap". Link to the article : https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap (https://www.coindesk.com/for-15k-hell-fake-your-exchange-volume-youll-get-on-coinmarketcap)

Quote from the article, for people who don't like to read too much:
A firm that specializes in making obscure cryptocurrencies look like they’re being actively traded. For a fee, the two-man shop will program bots to trade a token back and forth with each other on also-ran exchanges until it has enough “volume” to get listed on CoinMarketCap.

Do you have a better picture now whats happening around the crypto?

If you ask believe it or not, do not address the platform, but the coins listed on the platform. Coinmarketcap is a good platform and I use it every day to see altcoin prices rise. Vomue exchange is the same, there are some altcoins that do have fake volumes, but not all are like that. Fake volumes are only used to attract investors into it.

For altcoins statistic maybe yes since I found them pretty decent in terms on looking at the alts volume but with exchange daily volume? Nah! i didn't trust them 100% since  they doesn't scan those exchange who feeds them a data and allow those exchange to manipulate their volume so better to look on better platform if you want to see the exchange volume.

Maybe most exchanges volume are fake but I am sure that most of decentralied exchanges show real statistic because we can see all transactions directly in blockchain. It's such exchanges like Binance DEX, IDEX, Waves DEX and others.

I think it is obvious to us that the volume shown by coinmarketcap is exaggerated. Much talked about this fact recently: https://twitter.com/BitwiseInvest/status/1109114656944209921 besides this problem is not only in CMC but in others. Instead of CMC use coingecko (https://www.coingecko.com/en).

This issue is always discussed and debatable. Some exchangers do fake their transaction volume to make it look big, but in my opinion not all exchangers do this. I don't think big executors would do this because it is related to the reputation they have

i think it's depend on the exchange that list the coins because not all exchange has a fake volume
but i still believe the volume for each coins as long it listed on the exchange that i think it's trusted enough

Not everything shown to you is real,exchanges manipulating volumes,coinmarket manipulating figures and much more so don't see the exchange's volume on tracker website is accurate,its just for an idea about what's going on the market,for better accuracy visit the exchanges and analyse the trade orders to find its value.

emmmmm,,,,, I should create an exception for that because when the exchange sites are reporting the correct volume and all of MCAP will have the same result. But again, I'm not preventing you to blame crap exchange site when it was manipulating its volume and again my point is to creating a point a comparison between Marketcap site.
The exchange site must be blame when it was reporting fake volume, the manipulation that created by the crappy sites are disturbing the crypto market.
That makes so many investors are getting confused. I hope that you must read again my post carefully.
There is no criteria when it comes to the exchange site's volume.

No. Volume 24H in coinmarketcap it's not real but approaching or even exceeding the reality in the market.

Its not totally relevant to think for CMC to do such thing on manipulating prices yet they have just been feed up by current exchangers volume on real time.

Detecting price manipulations would always end up on users discretion hence we can spot out which exchange are popular and which isnt.

Somehow this site is been commonly being used by majority on checking up prices even though there are some alternatives but i believe nothing still beats CMC
when it comes to this field.

exchanges ? cmc is not an exchange but it only list the exchange , the coins , and other infos related to cryptocurrencies  . and yes i believe on cmc because cmc is one of the old crypto info sites and still verry popular these days .

some complains and says that cmc is manipulated or fake but its up to them if thats what they believe  . they are feel free to use other crypto info sites  .  cmc is not perfect so sometimes it make mistke and put wrong info but that should be fix overtime  .

Not entirely believe their volume. I believe some of you have heard about Coinmarketcap were manipulating the volume on their sites. No Idea if that was true or not, but most likely there is something weird about exchanges' volume on cmc. Especially on some unknown exchanges sometime it could have a very higher daily volume than the top exchanges. You need to compared the volumes to all of different kinds of website out there. And regarding all exchanges are fake, ummm, I doubt that. We have some legit exchanges too, Though I admit some of them might have manipulated a few of their alts or something.

I think this Coinmarketcap only reflects the transaction data on the surface of various exchanges, and it can not truly reflect the exact transaction data of all digital currencies.

i think real, but in coinmarketcaps has change every time. so when you check coinsmarketcaps and compare with the real market its not same maybe in the coinmarketcaps not updated yet. better to check in real market directly
its also happen in price of cryptocurrrency that list in coinmarketcaps . when i see coinmarketcaps and compare with market its not same. so for me better to check market directly

I believe volumes from coinmarketcap than any other websites, CMC can make mistakes some times, they did in the past and they fixed it,  now that they are rating coins in liquidity its even more better, you will find info about how many exchanges a coin or token is listed on

I personally do not believe 100%, I only believe 85% of the volume on Coinmarketcap.  if we compare it with CoinGecko or other monitoring sites, we will find different results and volumes from each site..  but I'm not too bothered with this because personally I still need volume monitoring from sites like Coinmarketcap.

There are many fake things around us and we were believing that fakes only in this centralised world so we can believe the coinmarketcap volume and price too.
I see the volume very much good for all the cryptocurrencies now and we may expect the good price near soon since value growing to good level.

CMC or other service sites if you pay close attention to the different trading volume data.
For me a site like that is just our reference to make it easier for altcoin which we want to invest / trade to see Gainers & Loses.
So I don't believe it 100%.