Tips
Find me on Steemit: www.steemit.com/@heiditravels
Twitter: @blockchainchick
Instagram: @hheidiann
Bit.tube: RealCryptoTips

Get that BRAVE Browser! : https://brave.com/cry258

Check out the new hardware wallet Ellipal HERE: https://order.ellipal.com/?ref=5c08236b8e68e

Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef

Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828d

LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:

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.

Products You May Like

Articles You May Like

NYSE-Backed Bitcoin Exchange Snags PayPal & Google Veteran
Bitcoin Price SETUP FOR GIGANTIC CANDLE?! ☄️- Crypto Trading Analysis & BTC Cryptocurrency News 2019
Bitcoin’s Most Significant Indicator Yet?! Golden Cross to Spark the Bull Run?! 🚀
Gambling or Investing: What is the fundamental value of Bitcoin | Börse Stuttgart | Bitcoin
Why I Think The Bitcoin Bottom IS IN! – BTC/CRYPTOCURRENCY TRADING ANALYSIS

Leave a Reply

Your email address will not be published. Required fields are marked *