What I meant: Cryptsy was holding something like ... ? 6 million ixc ?
They could have:
- artificially sold your coins to several other customers to get extra btc
- sold a part of the coins to external buyers to get extra btc
The 'game' would have worked as long as people like Vlad didn't ask great sums of coins, needed to continue the illusion that all the coins was still there.
I hope I am wrong, but this would explain how it was possible that an inflationary coin had a constant dumping for years.
They could have:
- artificially sold your coins to several other customers to get extra btc
- sold a part of the coins to external buyers to get extra btc
The 'game' would have worked as long as people like Vlad didn't ask great sums of coins, needed to continue the illusion that all the coins was still there.
I hope I am wrong, but this would explain how it was possible that an inflationary coin had a constant dumping for years.
That's a good theory. I was always shocked by the continued dumping of IXC given the tight supply.
So you think cryptsy had ~6 million IXC?
I wonder how much they allowed to escape?
So in theory the supply of IXC might be around 12 million, with few sellers. At least until investors get theirs out of Cryptsy, if ever.
Could get interesting.
I had 8,312 coins on Cryptsy.
