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RE: What's wrong with Coinmarketcap.com ?
@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.
@charbelghossan, this explanation is really valuable for me. Thanks a lot. :)
anytime,always good to spread the knowledge.Interesting profile picture cryptooooo!