The market dictated the value of the coins. Vern simply instituted the mechanism for trading said coins. All the coins added since launch were due to petitioning by miners and/or coin developers and supporters. During beta there wasn't a single coin on the exchange that he didn't have a pool for. A free pool mind you. Of course bag holders are going to be upset when their coin-of-the-week gets massively devalued, penny stock holders probably feel the same way when their investments fall through. The market is decided by... the market. And as stated earlier, if a coin has merit it will survive. Of course, it's always easy to find fault when you look hard enough.
This is nonsense, the market is manipulated every hour of the day with carefully crafted buy and sell orders, you only have to have a look at the bots on Gox to see that. There are people that know what they are doing, and know how to take advantage of miners dumping new coins.
Topic: Abort Cryptsy - page 3. (Read 14458 times)
I mine all of verns pools and they have their own forums where he puts out the info for his pools and exchange.
Vern recently stated he will not be listing anymore coins that are not at least a week old and then after that only after talking to the dev. Good news 
Also yes vern does his own coding.
Also yes vern does his own coding.Where did you see that?
oh yeah poor sal musta been taking a toll on you
Vern recently stated he will not be listing anymore coins that are not at least a week old and then after that only after talking to the dev. Good news Also yes vern does his own coding.
Also yes vern does his own coding.Phew - I was having a hard time keeping up!
Vern recently stated he will not be listing anymore coins that are not at least a week old and then after that only after talking to the dev. Good news Also yes vern does his own coding.
Also yes vern does his own coding. vern seems like a great guy and Cryptsy has lots of potential just need to align its trading behavior with the other sites
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I've actually created a warning popup earlier today that alerts the user if they attempt to sell below top buy and visa-versa. Now it tells you straight up whats going to happen.
BigVern
Excellent I think a warning suffices. Do you do your own coding? Very nice work on the exchange
nice addition vern
vern seems like a great guy and Cryptsy has lots of potential just need to align its trading behavior with the other sites
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I've actually created a warning popup earlier today that alerts the user if they attempt to sell below top buy and visa-versa. Now it tells you straight up whats going to happen.
BigVern
Worthless coin gonna be worthless.
vern seems like a great guy and Cryptsy has lots of potential just need to align its trading behavior with the other sites
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I also like the site, but this matching rule should change. I've never seen any exchange match like that.
vern seems like a great guy and Cryptsy has lots of potential just need to align its trading behavior with the other sites
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
I don't actually mind using the site now that I understand how the site executes trades. Just advise everyone to be VERY careful when keying in sell order prices. What you type is what you'll get regardless if there are higher buy orders in the queue.
Yeah vern has a vested interest in ALT's I use the exchange pretty exclusively now. Have no issues.
I've never seen such a blind gang, have you noticed that most of the anti-alt coin rhetoric has disappeared? And then somehow, a record breaking alt-killer adds coins on a daily basis? real sites wait and watch to see a coins future, eg btc-e and gox, even bter is more cautious after the cnc fiasco. You guys maybe mine a coin worth something today, then tumar you guys are trading at an average of 30 ltc per 1k, then jus because the "official " site says 1 ltc per 100000, you all folow their lead. You are letting yourselves be convinced that your product is worthless, but wait and see in a month, they will sell you your coins at current docs prices or higher. it's your loss anyway, this is a community of open ideas, try yours, i'll work with mine. Sound mnd, sound decisions, RESOUNDING profits.
Hanzi Big Vern, who is big vern to value your product? So what if the man has pools? are all his pools free? NO! everyone wants to profit and pay the bills. Once you realise tz a dog eat cat world, you'll be more canine.
Hanzi Big Vern, who is big vern to value your product? So what if the man has pools? are all his pools free? NO! everyone wants to profit and pay the bills. Once you realise tz a dog eat cat world, you'll be more canine.
Actually, yes, my pools are free. I don't set the value on the market, the users do.
BigVern
This ^ I did go and check my records to the pools and they add up. He is not trying to devalue any coins. Quite the contrary if he is listing it on an exchange out of his OWN resources. Get real people.
I've never seen such a blind gang, have you noticed that most of the anti-alt coin rhetoric has disappeared? And then somehow, a record breaking alt-killer adds coins on a daily basis? real sites wait and watch to see a coins future, eg btc-e and gox, even bter is more cautious after the cnc fiasco. You guys maybe mine a coin worth something today, then tumar you guys are trading at an average of 30 ltc per 1k, then jus because the "official " site says 1 ltc per 100000, you all folow their lead. You are letting yourselves be convinced that your product is worthless, but wait and see in a month, they will sell you your coins at current docs prices or higher. it's your loss anyway, this is a community of open ideas, try yours, i'll work with mine. Sound mnd, sound decisions, RESOUNDING profits.
Hanzi Big Vern, who is big vern to value your product? So what if the man has pools? are all his pools free? NO! everyone wants to profit and pay the bills. Once you realise tz a dog eat cat world, you'll be more canine.
Hanzi Big Vern, who is big vern to value your product? So what if the man has pools? are all his pools free? NO! everyone wants to profit and pay the bills. Once you realise tz a dog eat cat world, you'll be more canine.
Actually, yes, my pools are free. I don't set the value on the market, the users do.
BigVern
I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.
I do not believe it is executing orders correctly. If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order. Vern insists this is "by design" but I disagree.
For now, I think we will be better off doing peer to peer exchanges on this forum.
I do not believe it is executing orders correctly. If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order. Vern insists this is "by design" but I disagree.
For now, I think we will be better off doing peer to peer exchanges on this forum.
Well said
But, It doesn't change the facts that PXC is still a fail coin.
I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.
I do not believe it is executing orders correctly. If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order. Vern insists this is "by design" but I disagree.
For now, I think we will be better off doing peer to peer exchanges on this forum.
I do not believe it is executing orders correctly. If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order. Vern insists this is "by design" but I disagree.
For now, I think we will be better off doing peer to peer exchanges on this forum.
Well said
I was trading on Betfair for long time, and this is ridiculous !
Order should be executed at maximal available price !
Order should be executed at maximal available price !
Should you take the maximum seller price or the maximum buyers price, each would prefer the others.
Like I said, for the case that was originally listed, he was wanting a Market Order, which is coming out soon.
BigVern
Seriously, NO exchange in the world uses such a horrible model that it executes below highest ask. You have to be joking right? ONLY reason for this is so that people can 'use' this flaw if they know about it.
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