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Author Topic: Do you Believe Volume of the Coinmarketcap?  (Read 283 times)
blockchainmarketing (OP)
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November 14, 2019, 04:50:25 AM
 #1

Do you Believe Exchange Volume of the Coinmarketcap?
Also Do you believe exchange volume?
I think all the exchanges are fake!!!
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November 14, 2019, 05:14:22 AM
 #2

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.

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November 14, 2019, 05:17:12 AM
 #3

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



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November 14, 2019, 05:20:20 AM
 #4

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.

Yes Agreed! Every Exchange has its own criteria for Volume. So we don't blame the exchanges for the volume.
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November 14, 2019, 05:37:36 AM
 #5

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

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November 14, 2019, 05:37:44 AM
 #6

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.
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November 14, 2019, 05:38:24 AM
 #7

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

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.

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November 14, 2019, 05:39:27 AM
 #8

Do you Believe Exchange Volume of the Coinmarketcap?
Also Do you believe exchange volume?
I think all the exchanges are fake!!!
you can check other alternative such as https://www.coingecko.com/en and check the difference with both volume of every exchange .
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November 14, 2019, 05:51:45 AM
 #9

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

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.



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November 14, 2019, 05:52:56 AM
 #10

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

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November 14, 2019, 05:54:04 AM
 #11

Do you Believe Exchange Volume of the Coinmarketcap?
Also Do you believe exchange volume?
I think all the exchanges are fake!!!
you can check other alternative such as https://www.coingecko.com/en and check the difference with both volume of every exchange .

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.

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November 14, 2019, 05:59:47 AM
 #12

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

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November 14, 2019, 06:26:25 AM
 #13

Do you Believe Exchange Volume of the Coinmarketcap?
I believe at least it can be a reference when trading or sell of my tokens. (in my point of view)

Quote
Also Do you believe exchange volume?
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

Quote
I think all the exchanges are fake!!!
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)

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November 14, 2019, 06:27:20 AM
 #14

Do you Believe Exchange Volume of the Coinmarketcap?
Also Do you believe exchange volume?
I think all the exchanges are fake!!!
you can check other alternative such as https://www.coingecko.com/en and check the difference with both volume of every exchange .

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 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.
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
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.


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November 14, 2019, 06:31:18 AM
 #15

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.
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November 14, 2019, 06:35:09 AM
 #16

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.
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November 14, 2019, 06:47:25 AM
 #17

Also Do you believe exchange volume?
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
Big volume needed for exchange and cmc to promote its product

I think all the exchanges are fake!!!
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 think yes, most of exchanges, especially CEX, are fake
they have to manipulate to get investor/ trader attention


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

 
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November 14, 2019, 07:01:44 AM
 #18

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

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November 14, 2019, 07:06:16 AM
 #19

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.

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November 14, 2019, 07:07:13 AM
 #20

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


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
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