Is CMC still safe at all ??

[semobo]

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers


Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

I don't say they are safer site to provide all the detail about cryptocurrencies because I have seen personally many exchanges providing fake volume to them and they are still showimg without any investigation so don't just decide based on what you are seeing and coinmarketcap just use it as reference and go to the exchange and see the real volume.

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[adrianto1995]

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers


Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

Then, what should we do after reading your post?

Leaving CMC and move to another coin tracker website or create a petition on change.org to take down CMC?

Are you author of similar website like CMC and try to create FUD for making people moving to your website?

CMC did nothing wrong, they giving Ads to their website to make their website keep alive, It is our own responsibility to make research on the every project that already listed on CMC.

IMO

[smyslov]

This is the first time I read an attack on Coinmarketcap when it is helping us all to track coins that we've invested, only an idiot will do such a thing,  this is the kind of people who want to get spoon fed and do not work and do research on coins that they want to invest and do finger pointing.

[starblocks]

Coinmarketcap is only an index it doesn't hold any users funds like an exchange so I'm not sure what you mean by 'safe' and it does have methods in place to ensure accurate reporting of trade volumes and provides as comprehensive an overview of the market as possible however, there are other handy resources such as coingecko, coincheckup, cointelligence and tradingview that you might find useful depending on what sort of data you require

[Yurkov]

On the coinmarketcap you only have information about the exchange rate of coins and tokens. With such a large amount of information they are unable to manually verify everything. 90% or more of information is searched for on the internet automatically, so you there surely also are mistakes or false information. If you want to check some project thoroughly, you should use at least several sources, not just a coinmarketcap.

[guoyu78]

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

All these problems are well expected as I did heard about them that they are charging very big fee to list a coin with them. Hence, it is easier for many scammers to list their coins on top regardless of its actual's. I do see lots of alternatives are available over the internet but I am not sure why most people from crypto community is always going to coinmarketcap for referencing and also the worst case is people looking at it for choosing their assets for trading/long term holding. That must be a real pathetic.

Showing your banners in coinmarketcap is not cheaper still we can see many scammy projects are being shown up. But, bitcointalk is very much conscious on choosing their advertisers like I have seen @theymos was asking about list of legit projects for considering for their monthly ad auctions. This is how a famous portal must care its community and I am afraid that coinmarketcap may become a house for scammers like many crypto forums are already doing.

[thaliaand]

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers

All these problems are well expected as I did heard about them that they are charging very big fee to list a coin with them. Hence, it is easier for many scammers to list their coins on top regardless of its actual's. I do see lots of alternatives are available over the internet but I am not sure why most people from crypto community is always going to coinmarketcap for referencing and also the worst case is people looking at it for choosing their assets for trading/long term holding. That must be a real pathetic.

Showing your banners in coinmarketcap is not cheaper still we can see many scammy projects are being shown up. But, bitcointalk is very much conscious on choosing their advertisers like I have seen @theymos was asking about list of legit projects for considering for their monthly ad auctions. This is how a famous portal must care its community and I am afraid that coinmarketcap may become a house for scammers like many crypto forums are already doing.

So true. Regardless of the flutuation rate in the market and the pros and cons of blockchain technology and crypto currencies adoption throughout the world, one of the causes can come from things like this. It would be very unfortunate if in its infancy and adoption was tarnished by fraudulent practices, especially if indeed CMC and similar portals which had a good reputation and could be trusted were proven to be involved and in fact became places for fraudsters in action.

My concern is on the project verification process that will advertise on their site so that it can reduce advertisements that turn out to be scam projects.

[ccsang]

I think your title need change to 'is CMC still trustworthy at all' because CMC not a investment website, it's just a real time crypto price index with graphs & historical data, but CMC not the only one option, maybe you can try livecoinwatch and worldcoinindex.

[Script3d]

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers


Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

Let me tell you this, coinmarketcap can't control to what ads to show because they have no control and google can only dictate to what ads to show they have no control to it, so you can't really blame coinmarketcap for the ico ads.

[Kofiy]

We need a better option to CMC and we have already have some but they are getting it hard to catch up with CMC because of its first come advantage which will be very difficult to overcome. I think it will be more productive if there can be away to let them know what they need to work on for the betterment of the industry at large.

[damberg]

It is very probable all your point are right but .. why do you expect CMC will list only real, quality and proven projects? Their strategy is to be a listing site for all cryptocurrencies/cryptoassets. The research is then on you 

[samcrypto]

They are not an exchange they only list coins to track the price, volume, and information about the site, they have nothing to do with volumes, projects and whatever happens to the project, in fact, they helped traders and investors in analyzing the coins, it's still the investors task to track their portfolios.

Definitely, you don’t invest anything on CMC its just a tool for you to easy monitor the coins and I think doing research in every coin is our own responsibility. Its still safe but don’t depend on that too much, you’d better to find other source of information if you don’t comfortable with using CMC.

[mlsbd]

Still i think Coinmarketcap is the best website for cryptocurrency price update. But i agree with you there are many SCAM coin still existence here i don't why those not removed. People chosen this site because there are no other thing which people trustworthy.

[mlsbd]

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers


Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

Coinmarketcap unable to verified which projects are SCAM or Legit because this is not responsibility to detect SCAM project.
But they asking a lot of information as like project website and all social media activities and main thing is daily trade volume.
 

[andor.gellenhidi]

CoinmarketCap in any case shows the data that it needs. I think that today every person who visits this site understands this, and a very large number of people visit this site. And probably these guys get a lot of money.

[asayoyaasa]

If you want to proving about the truth of something, you need many sources to proof it. CMC not the site that can give you all about crypto project, what is "bla bla" token, or something like that. CMC just give you coin/token that already have enough volume on the market.
CMC don't care about dead project, they can remove from their listed coin/token when its not reached minimum requirement.

[crzy]

CoinmarketCap in any case shows the data that it needs. I think that today every person who visits this site understands this, and a very large number of people visit this site. And probably these guys get a lot of money.

They earn more through the advertisements and of course the coin listing. But since we are not paying anything I can still say that this site is still reliable for more crypto information, but if you know some site to replace CMC then go for it but as far as i know CMC is still better.

[akungagal]

It is very probable all your point are right but .. why do you expect CMC will list only real, quality and proven projects? Their strategy is to be a listing site for all cryptocurrencies/cryptoassets. The research is then on you 

yeah, i think you are right about this.
it doesn't matter if CMC registers many names of coins in it, the important thing is we have to be more wise and research more about the coin before we choose it.

[FUD Expert]

I’m starting to worry about coinmarketcap lately, after series of deceit and spammish activity
The following are my observed reasons

1. Many dead projects still on cmc

2. Market cap is fake Cox many projects which have seized to trade adds up to the market cap

3. Cmc doesn't verify authenticity of projects before listing it

4. CMC now have ads of fake icos on their website thereby leading people to scammers


Funny enough so many NOOBS believe anything and everything dey see on cmc to be authentic

Let me stop here and anyone against it should bring a proof to counter it
Or offer more options

Why do you blame cmc for that? Coinmarketcap is just like a site for information and it's not their responsibility to tell the buyers or traders on what's legit or not. And the ads like that are not just on cmc but also everywhere and again it's your choice to check it's legitimacy and not by them.

[OluwaTosin10]

CMC and others crypto tracker actually give benefits to the many people that want to start in crypto, they give alot of information about data of the each crypto. Now as investor and trader we should be has enough skill to understanding fundamental of the project by learn with others expert.

I think you are right, as an individual, we all have to learn to pick informations from multiple sources and identify the truth from it.
In that sense, we should only take coinmarketcap as an answer providing centre regarding project listing, and also exchanges.

All other answers should be based on your persona research work