Bitcoin Forum
February 22, 2020, 04:57:13 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Coinmarketcap fighting exchanges volume inflation  (Read 51 times)
rosezionjohn
Sr. Member
****
Offline Offline

Activity: 854
Merit: 296



View Profile WWW
November 17, 2019, 11:16:34 AM
Merited by tmfp (1)
 #1

They've admitted that their previous metric isn't enough to combat the problem of volume inflation and that they are thinking/hoping that this "Liquidity metric" will be the solution.

In the past year, with increasing volume inflation, the volume metric started to lose its purpose as a reliable way to gauge real trading interest. Other solutions, such as handpicking only a few “trusted” exchanges or using unrelated metrics like web traffic, were non-comprehensive and did not address the root cause of the issue.

Our new metric will focus on what matters most to investors and traders: liquidity. With our Liquidity metric, we hope to provide public good to the crypto markets by encouraging the provision of liquidity instead of the inflation of volumes.

They mentioned the details/methodology here but it appears blank page when I open it. Here are the key highlights though:

To highlight a few key points:
  • Liquidity refers to the ease of being able to trade in and out of an asset, or in this case cryptocurrencies.
  • The Liquidity metric by CoinMarketCap takes into account a wider range of key variables from the order book, such as the distance of the order from the mid-price, the size of the order and the relative liquidity of the asset in question.
  • The metric has been designed to measure liquidity in an adaptive manner and the calculation is made by polling the market-pair at random intervals over a 24-hour period and averaging the result. This takes into consideration differences in global time zones and the fact that order-book depth changes constantly due to immediate market conditions.

What do you guys think about this move by coinmarketcap? I would guess it's a move to salvage their losing credibility/reputation and bring back serious traders to use their platform again.


I am not sure where to post this, please move if posted on the wrong board.
 

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
1582390633
Hero Member
*
Offline Offline

Posts: 1582390633

View Profile Personal Message (Offline)

Ignore
1582390633
Reply with quote  #2

1582390633
Report to moderator
1582390633
Hero Member
*
Offline Offline

Posts: 1582390633

View Profile Personal Message (Offline)

Ignore
1582390633
Reply with quote  #2

1582390633
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582390633
Hero Member
*
Offline Offline

Posts: 1582390633

View Profile Personal Message (Offline)

Ignore
1582390633
Reply with quote  #2

1582390633
Report to moderator
1582390633
Hero Member
*
Offline Offline

Posts: 1582390633

View Profile Personal Message (Offline)

Ignore
1582390633
Reply with quote  #2

1582390633
Report to moderator
tmfp
Legendary
*
Offline Offline

Activity: 1722
Merit: 1625


"Common rogue from Russia with a bare ass."


View Profile
November 17, 2019, 11:32:51 AM
 #2


I think it's a good move for a number of reasons, which I outline in a similar thread that I started yesterday.

https://bitcointalk.org/index.php?topic=5202098.0

Extraordinary Claims require Extraordinary Evidence
rosezionjohn
Sr. Member
****
Offline Offline

Activity: 854
Merit: 296



View Profile WWW
November 17, 2019, 11:37:04 AM
 #3


I think it's a good move for a number of reasons, which I outline in a similar thread that I started yesterday.

https://bitcointalk.org/index.php?topic=5202098.0
Thanks. Your thread didn't appear in my forum search, locking mine now.

.
.
.
▄███████████████████▄
█████████████████████
████████████▀▀░░░░███
███████████▌░░░░░░███
███████████░░░░██████
███████████░░░░██████
████████░░░░░░░░░░▐██
████████░░░░░░░░░░███

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

███████████░░░░██████

▀██████████░░░░█████▀
▄███████████████████▄
█████████████████████
█████████████████████
████▀██████▀░░░▀▀▄███
████░░▀▀███░░░░░░▄███
████▀░░░░░░░░░░░▐████
████▄░░░░░░░░░░░█████
█████▀░░░░░░░░░▄█████

████▀█▄░░░░░░░▄██████

█████▄░░░░░▄▄████████

█████████████████████

█████████████████████

▀███████████████████▀
▄███████████████████▄
█████▀▀▀▀▀▀▀▀▀▀▀█████
███░░░▄▄▄▄▄▄▄▄▄░░░███
██░░▄█████████▀▀▄░░██
██░░███▀▀░░░▀▀▄▄█░░██
██░░██▀░▄███▄░▀██░░██
██░░██░░█████░░██░░██
██░░██▄░▀███▀░▄██░░██

██░░███▄▄░░░▄▄███░░██

██░░▀███████████▀░░██

███░░░▀▀▀▀▀▀▀▀▀░░░███

█████▄▄▄▄▄▄▄▄▄▄▄█████

▀███████████████████▀
▄███████████████████▄
█████████████████████
█████████████████████
██████████████▀▀▀████
██████████▀▀░░░░▐████
██████▀▀░░░▄▀░░░█████
████░░░░▄▄▀░░░░▐█████
██████▄▐█░░░░░░██████

███████▌▌░░░░░▐██████

████████▄██▄▄░███████

█████████████████████

█████████████████████

▀███████████████████▀
.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!