gaston castano
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February 16, 2020, 04:42:48 PM |
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yes, indeed, there are many who doubt the authenticity of the cmc data, because as you said, the exchange does not make sense to be above, the exchange is really real or there is a false volume. I would advise you to use Coingecko where accuracy is still reliable.
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trauchot
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Activity: 1764
Merit: 10
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February 17, 2020, 09:09:33 AM |
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I completely agree with you, cmc adds various tokens or exchanges that simply boost volume by 100% and go to the first lines in the ranking and this does not concern anyone from the cmc team at all, so I myself stopped paying attention to it a long time ago because this makes no sense and no one will do anything with it.
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Pffrt
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February 17, 2020, 10:25:49 AM |
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in my opinion it's not the fault of coinmarketcap, because coinmarketcap only provides information in accordance with existing data, so even though the exchange increases its volume by using bot (fake volume) it is still not the fault of coinmarketcap, because coinmarketcap only provides information on the exchange, so in my opinion coinmarketcap isn't wrong and doesn't provide false data or information.
But they should have the system to ensure as much correct data as possible. Coingecko have a lot of features which CMC don't have although CMC recently have added feature for liquidity which Coingecko showed before long time ago.
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coinmaster241
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Activity: 672
Merit: 32
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February 17, 2020, 11:57:01 AM |
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Coinmarketcap should stop doing this shit job. They are helping scammers in a different way. CMC recently added liquidity option then why they still ranking these shit exchanges on the top! Bilaxy is the number one exchange according to trading volume, Fatbtc is number 3 and the hall of shit IEO P2PB2B exchange on 4th place where Binance is 13 ranked exchange! Such a hypocrite, ridiculously job by the CMC. They should stop it right now, these shit, fake volume exchanges are ruining the honesty of the crypto world. What do you guys think about it?
Sometimes that can't be explained in the words guys, maybe they have data that proves their trade is more fantastic than Binance, it could be because they dare to pay a lot for it so that the CMC easily installs it
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Vishnu.Reang
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February 17, 2020, 03:23:25 PM |
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Coinmarketcap should stop doing this shit job. They are helping scammers in a different way. CMC recently added liquidity option then why they still ranking these shit exchanges on the top! Bilaxy is the number one exchange according to trading volume, Fatbtc is number 3 and the hall of shit IEO P2PB2B exchange on 4th place where Binance is 13 ranked exchange! Such a hypocrite, ridiculously job by the CMC. They should stop it right now, these shit, fake volume exchanges are ruining the honesty of the crypto world. What do you guys think about it?
Coinmarket just lists the market capitalization of various cryptocurrencies and their volumes. They are not a reviewing site and therefore they can't label any of these exchanges as scam sites. Whether you like it or not, many of these exchanges have large volumes (although the figures may be rigged) and CMC is obliged to show the real numbers in their website.
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mdzahed134
Sr. Member
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Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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February 17, 2020, 09:11:24 PM |
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Very misleading, No wonder some new developers choose p2pb2b exchange as a top exchange, if CoinmarketCap can rate p2pb2b as a top exchange this will mislead many who don't know or hear anything about the exchange, CoinmarketCap can't be trusted anymore
Yes, only in this case it's not the coinmarketcap site that we can't trust, but the P2PB2B exchange that we can't trust because the exchange often creates fake volumes, making people who don't know it to be victims of P2PB2B. Everyone not a new developers, So many professional dev's who's experienced 10 years to 12 years known in cryptocurrency. They really know that about reputation of P2PB2B exchange. No way when can't collect fund to approve in the major exchanges. Coinmarketcap doing shit in their ethics. If projects dev's will ignore P2PB2B than new projects never so dump after list in exchange.
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DonaCynthia
Newbie
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Activity: 4
Merit: 0
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February 17, 2020, 09:28:18 PM |
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I think you're right. Binance is the most trusted exchange and should be ranked number 1 and not 13. Or maybe they have a good reason.
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betty11
Copper Member
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Activity: 448
Merit: 3
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February 18, 2020, 02:23:30 AM |
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Coinmarket is a suspect on this shitty game, exalting shitty and scam exchanges to the top and relegating good one to the bottom is fakenews. They can't feigns they don't understand what is going on in this market, and how some exchange fake trade with bot. I wanted to sell my Xbase on Idex so move fund to Binance, most of the buy orders were all fake trade by the bot, had to sell very cheap so I can pull off my fund from the dying project that has done more harm than good to its investors.
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Tash
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Activity: 1190
Merit: 305
Pro financial, medical liberty
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February 18, 2020, 01:43:12 PM |
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I think you're right. Binance is the most trusted exchange and should be ranked number 1 and not 13. Or maybe they have a good reason.
Thanks for the good laugh. Kicked out of several countries (China, Hong Kong, Japan and Malta) and now headquartered in the Cayman Islands a truly trusting place.
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Vishnu.Reang
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February 18, 2020, 03:25:01 PM |
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I think you're right. Binance is the most trusted exchange and should be ranked number 1 and not 13. Or maybe they have a good reason.
Thanks for the good laugh. Kicked out of several countries (China, Hong Kong, Japan and Malta) and now headquartered in the Cayman Islands a truly trusting place. I agree that there is no such thing as a trustworthy exchange. But here you are mixing up two unrelated things. They were forced to move out of China and Hong Kong due to the hostile policies from the government regarding cryptocurrency. I am not a big fan of Binance... but we don't have that many options out there. The other exchanges are even worse.
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nreal
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Merit: 100
arcs-chain.com
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February 18, 2020, 03:57:06 PM |
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Maybe they allow it to happen for money and I have never believed in the trading volume displayed on Coinmarketcap. Teach yourself how to test credible exchanges that aren't too complicated, instead of depending on a platform that can be manipulated with money.
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