Is CMC still safe at all ??

[ceetoo224]

Well, we cannot really point out what CMC can do as we ourselves are also having difficulties in filtering out such bad projects in the market. Well, maybe we can help a little bit to sustain the liability of CMC.

[South Park]

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

Your attitude in this market should be one of distrust and to do your due diligence in any coin in which you would like to invest, even if your accusations are true no website can offer its users the certainty that what you are seeing is authentic or that you are protected from scammers, just look at Bitconnect, it was a popular coin when it existed despite all the warnings of members in the forum that it was a scam, and if people were willing to trade such coin despite that knowledge then websites kept track of it and included it in their lists.

[bassbity]

CMC in my opinion is still the best at this time many people visit the website, even though there are many who are deceitful after entering CMC but I'm sure the CMC will minimize for coins that are less active.

[macstrong12]

Yeah there are some dead projects on CMC , but the only thing that CMC cares about is their volumes , as long as they are treatable and they have volume every day , CMC wont remove them , I don't think CMC is a scam because it shows numbers correctly .

[PavelMed]

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

You are talking nonsense!
1) CMC will not check whether the project is alive or not, he will check only the turnover of this coin on the exchanges!
2) CMC will not check if there is any speculation with a coin. From this it follows that coins can get into the top which speculate!
3) CMC and should not check the authenticity of the coin, kmk considers the turnover of the coin on all exchanges, kmk is not a regulator!
4) CMC also needs money for life and they take it from advertising projects, they do not force you to invest in projects they just sell advertising as well as the forum where we write, it even says that they are not responsible for it.
Read more and look for information and think with your head and not believe your eyes!

[dumplingsandsushi]

Was cmc ever "safe"?
Common sense should e enough to realize that cmc isn't reliable at all.
It's like wikipedia but with horrible advertising thrown in.

But, just like wikipedia, I find it to be an incredible resource.
Not to see the value of a coin (that has to be done at the actual exchange it is on).
But as a reference point to further research.
The most useful thing is to see the trading volume and where it is being traded.
For older coins, it is also very usefull to see the early trading history, before cmc got all corporate.

Other then that, meh. Or it is downright scammy.

[Bomber007]

Personally, CMC to me is just a website where I check the price of tokens, if you go there for additionla information about any coin, you have to make additional research as well.. the fact is that coins are just too many and it would be almost impossible to keep track of all of them.

[jvper]

I agree that coinmarketcap should be more accurate about total circulating supply (for example DECENT has been wrong since launch 1 and a half year ago) and market prices.

[Prolifik]

Coinmarketcap is still the most used platform for quick information about market situation and cryptocurrencies price. I dont see that coinmarketcap try to cheat someone.

[ololajulo]

coinmarketcap is still one of the best, Listing coin is not the only service it renders, more also the top listed coin are the one one should always consider and the revelation of fake volume exchange should help with choice of exchange and coin. Nowadays I have seen some trading even at high volume was not listed, the reason be I dont know. Asides CMC, I also use coingecko, which provides more information, sometime price can differ and this can help to compare.

[Diva1993]

The fact is that.nobodg or no organisation is perfect, there are thousands of tokens and coins listed at CMC and it would be hard to keep track of them all no matter how hard working you are as the Devs.

[bitgolden]

Coinmarketcap is still the most used platform for quick information about market situation and cryptocurrencies price. I dont see that coinmarketcap try to cheat someone.

There are a lot of alternatives are available for coinmarketcap and also with many better features. Coinmarketcap is seeming like a paid heaven for shitcoins and they are simply advertising most of the scammy ICOs too. They may not be intentionally cheat us but they are not taking care of us in the right manner like how a famous and highly reputed platform should be doing. I'm not seeing coinmarketcap as a safe reference site anymore.

[andrejka]

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

Marketcap has always been fake on CMC. How do you know that the project listed are dead? Maybe CMC has more info than you think you have...Scam ads are practically everywhere nowadays. Even google has such ads. Moreover they do not advertise directly but using ad blocks from the same google adsense and other companies. So there is no their fault here as well.

[globalcitizen]

Why not?  I think it is still very safe. What CMC does for the public is purely for information purposes. It in no way offers investment advice. The choice to invest rest purely on the investor. Advert of projects on the website does not mean endorsement.

[Aiberg]

CoinMarketCap is basically an information website about coins and tokens, if you do not trust the information they provide, there are other services that offer the same thing, I personally use an app called Coinstats.

[desticy]

It has long been known that cmc is compromised, which is why I use its alternatives, which, fortunately, are quite a lot on the network, and they are no less informative.

[shirackjs]

CMC is a website that show you the coin’s price and exchanges information. For research, you have to do it yourself, not CMC. As of now, I think CMC is doing a pretty good job.

[tk808]

There are only 2 types of people who attempt to discredit CMC. XRP Shills and misinformed/uneducated individuals in crypto. CMC's results are based on their perceptions, understanding and intuition about cryptos.

Every mcap site will always have different types of rankings, simply derived from information (usually total supplies, exchange volume manipulation) and etc. They are a gateway into crypto, they are not an authority to present you with every information for investments or understanding a particular crypto.

Individuals like to gauge crypto's performance based on CMC metrics, simply because it's exposed to the largest audiences, retaining the number 1 most used, highest-crypto traffic site for years now.

Never base an investment on 1 tool, resource or person. Gauge all crypto's through a variety of sources, feedback and a general understanding on how this space operates.

[coaprotet]

I like to look at the token prices at CMC, but it has generated some strange stats over the last year. There was one day when CMC has shown that every altcoin has grown by 10 times. For sure it was a bug, but it had a big influence on the whole market.

[boolog]

For me, cmc is just an overview with information about crypto projects, but not anymore. Everyone should be clear just because a project has been listed there, that it is legitimate. It is just an overview, not anymore.