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CoinmarketCap is going to reorganize how they report on your favorite cryptocurrencies:
CoinMarketCap Admits Fake Crypto Volume an Issue, Plans Revamp for BTC, ETH, XRP and Altcoins
In response to Bitwise calling out Coinmarketcap.com for reporting false trading volume for Bitcoin and a number of other cryptocurrencies, the website is planning on changing some things up and adding new features that will enable a more transparent view of how things are moving with Bitcoin and other cryptos.
For example, they will be adding new liquidity analytics, reports on hot and cold wallets balances, and site traffic data for exchanges. That last one is important because often times when you compare the amount of volume being reported by an exchange compared to the amount of traffic that exchange sees by actual visitors, there can be quite a disparity between these two figures.
There’s no denying the amount of people who use Coinmarketcap to learn about the status of their favorite coins and I, for one, think it would be great if they could develop a method that more fairly and accurately reports on this kind of activity. Also, I want to note that I appreciate the decision to provide the raw data so that users can make their own judgment calls and learn what to pay attention to instead of the website itself placing its opinions on the data on display.
That being said, are you ready to arm yourself with the knowledge it takes to decipher between the B.S. and the genuine?
Here are some other things to consider when this new format is introduced:
The numbers will make network activity on Bitcoin appear smaller for sure, but more uniformed and honest as well.
What will this do to market sentiment?
Will this effect how BTC is perceived for institutional investors?
Let me know what you think in the comments down below.
Im recomended coincheckup.com. Very nice site, where you can customise what you want to see to compare. I like it, very useful.
heidi i figured out a way to earn free bitcoin or almost free bitcoin trading pundi x on binance.
Step 1 buy a bnb coin. set transactions to bnb
Step 2 Buy 1,000,000 pund x at whatever is the cheapest price. dont just buy it at market rate must place a limit order at the highest price on offer.
Step 3 wait like half a day for your order to fill.
Step 4 pundi x aquired at 15 satoshis total price .15btc minus transactions fee .075%
Step 5 immediately place sell order at 16 satoshis. the price of pundi x is remarkably stable due to the gargantuan number of tokens. order fills. you get 1million sats or .01btc for free minus transaction fee
Step 6 rince and repeat until you fall asleep on the laptop, if one had a hundred million pundi x and sold and bought it all day long with a difference of one satoshi then they would gain a free bitcoin every time. get cracking chums.
if yee start off with a thousand dollars and do this twice a day yee will make $200 a day. when btc goes up fast cancel yeer sell orders and sell at market price as fast as yee can to realise the spike in value on btc. the ripple effect typically takes 20mins to have an effect on pundi x price which will usually drop a satoshi meaning you can now earn .02btc instead of .01btc.
the bulls are back. not financial advice. big boy pants on.
genius is the residue of wasted time
heidi thanks. jesus you make me happy to be a man!
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With this and regs we will see xrp rise to the top spot!
All things are subject to change.
… that’s we follow your channel!
ps plse find a conference to speak at in Toronto ??
Open Marketcap.com ,ps the volume disparities are a joke. Gives new meanings to fib levels.
Thank you! I think it's a step in the right direction and also I'm glad they responded quickly to the bitwise report.
Awesome Sauce girl!
Love your channel! you should post your content on Uptrennd too!
get paid in crypto for your posts and they dont sell your data either!
Clickbait!!! How is that supposed to change my opinion on BTC?
I've just discovered this site – Openmarketcap.com (OMC) which doesn't include the volumes from dubious exchanges. And we can see the glaring disparity when compared with CMC. Take the volume for QTUM for example – one can see a huge part at CMC is fake.
HOLY ISH!!! Imagine what these rehypothicated exchanges have in their wallets… GET YOUR COINS OFF THE EXCHANGES!!!
improvements are always good to consider and offers open mindedness which could open the.door to new ideas. that could change the future for all.those involved. the mindset is to always think positive and see what happens. again great video sincerely jr
Potentially a big improvement. Time will tell.
This will be easy for corrupt exchanges to remedy for themselves. They will simply fake the website traffic using bots. It’s too easy to make a bot seem like a human being. Even down to conversations. So these new features, do not bring any warm and fuzzy feelings to me at all. Buyer beware.
It’s about time.
Another reason why on-chain settlement afforded by smart contract-based exchanges like IDEX/EtherDelta etc. is important. It makes these sort of practice super easy to spot!
Salute
Great News! Thanks. Transparency and honesty is the main reason behind true Cryptocurrency. Real cryptocurrency such as Bitcoin. Unlike the Federal Reserve and the corrupt World Banking System.
Not sure how the info would change a person's outlook on bitcoin.
If you had a big buffed buddy and he brags hes benching 450. Common sense tell you to read in between the lines same as everyone's fish being bigger than it is..being off a few lbs or inches. Doesnt change really anything.
Look around you, not in your right crypto circle but in the average person. People haven't really even heard of bitcoin. And definitely not crypto, most people dont understand why self checkouts mostly dont take cash…
It makes me wonder if fake volume exists to manipulate bots. Something tells me it'll still be out there, just not viewable to you and I.
About time they get smart.
Hello cutest smile. 🙂 How's life treating you today?
I have stopped using coinmarketcap, it refreshes so slowly. I like coinpaprika with its various metrics like 7 day % move and total market cap shown on a chart over time.
Best crypto lady by far! Looks with equally matched brains 🙂
That's why I use coinmarketbook.
Thanks Heidi. I hope Coinmarketcap gets its act together. So many people depend on it.
Great video as usual. Thank you 🙂
thanks for the warnings while operating in the mine field of crypto ripoff schemes that is the current wild west environment of the cryptocurrency arena. (scares the shit out of institutional investors, the first time they run across one of these schemes it is get me out and never again)
Fake volumes across the board. The entire market cap of Litecoin traded in 24 hours, lol
Crypto chick is lovely
Top Five Crypto Chick!