Be careful, It's been miss reporting prices for a little while.
BTW the right one is http://Coincap.io
What's wrong with Coinmarketcap.com ?
7 years ago by julianita (-6)
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I believe the difference between CoinmarketCap.com and other sources is due to CoinmarketCap.com calculation taking into consideration Chinese exchanges which are 10% above regular exchanges.Always check your exchange for prices, coinmarketcap.com is just a rough estimate.However in your charts above there' something weird, i get the values in $$ on my Coinmarketcap.com profile.
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Not sure, I have noticed that too, with a lot of the weird crap going on all over sites I am not sure what to really do right now until it calms down. Just followed you too @julianita , thanks for the update!
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it was 0.10$ in 23/june/2017 so buy it if you can....that mean someone just sold lots of ETH
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thank you for sharing @julianita and please do share stuff like that as many of us are new in crypto and we need some guidelines...
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in a dark room, coincap.io makes me feel like im gonna have a seizure lol
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Hi steemians.
I saw one banner on coinmarketcap.org which promises a 350% return on investement. Today, I had researched it and wrote an article about this SCAM. Would you read it, comment, resteem and make it viral. It is important for all community members, especially newbies.
https://steemit.com/scam/@cryptogirl1/warning-scam-cryptoclone-people-lost-their-money
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When so much money is behind I wish these sites were handled better as they are the most popular. I guess thats the only downfall of an unregulated market. Like Poloniex telling me my eth dissapeared when I tried doing a transaction....
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I'm looking forward to decentralized exchanges coming up. Less focus on liquidity and having a 3rd party holding onto our currencies.
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Hi guys, I think I noticed this problem on 21st of June with Ethereum. At 10 pm UT the price on CoinmarketCap.com and, exchanges (Polinex, Bittrex, Kraken) differed for 2 to 4 percent. Well price on Polinex was lower, so it made me happy but day after I realized that problem does exist and it would be better to change the source.
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Since these exchanges are independent central services prices will differ. One coin that has messed up the aggregate price is Vericoin. This sucker is trading at 3x in a Chinese exchange compared to the Western counterparts. That's the biggest problem with the centralization of decentralized currency. Ironic, isn't it.
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@cryptogirl1 i am sure that the reason behind that are the Chinese exchanges since crypto costs usually 10% more there.Using the weighted average formula your final $$ amount shown on Coinmarketcap.com is inflated if you use exchanges such as (Polinex, Bittrex, Kraken) since they are based in US and Europe, deflated if you use Chinese exchanges such as(OKCoin.cn,Coinone...)
For example bitcoin is at 2000$ on Poloniex and 2200$ on Coineone,the Poloniex market is 40% and the Chinese market is 60%, the price shown on Poloniex is 2000$40%+2200$60%= 2,120$.
2000$<2120$<2200$, it depends where you are looking from.
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@charbelghossan, this explanation is really valuable for me. Thanks a lot. :)
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anytime,always good to spread the knowledge.Interesting profile picture cryptooooo!
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that is not misreporting. just look into details for each currency.
each exchange has its own price. you can see prices per exchange in details. also, coinmarketcap has a refresh every 90 seconds. so, you can not use that for trading...
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Newbie here
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Check this out
https://steemit.com/scam/@cryptogirl1/warning-scam-cryptoclone-people-lost-their-money
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👀👀
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Thanks for sharing! It's always good to double check prices from different sources just to be sure. You never know which ones could be different.
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Do you suspect more be going on behind the scenes?
I mean it may be a bit fishy...
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Thanks for the warning, @julianita! This is really helpful. I have just followed you for future posts like this one ;)
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Thx for the info, sometimes it looked strange indeed !!
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I believe that coinmarketcap.com gives a rough estimate and be honest, I sometimes I don't understand it will.
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That looks like a good loop if it was on exchanges too
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Exactly what I was wondering lol tq for the update !
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omg! I check coinmarketcap everyday. It better be right. I use it for my small coin strategy!
https://steemit.com/cryptocurrency/@jrose1010/the-small-coin-strategy-potential-to-make-hundreds-of-thousands-maybe-millions
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thanks for right address
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