Abort Cryptsy - page 4. | Bitcointalksearch.org

TheSwede75

full member

Activity: 224

Merit: 100

Quote from: fenican on May 24, 2013, 06:12:48 PM

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.

Wow, that is HORRIBLE design!!

fran2k

hero member

Activity: 784

Merit: 500

Quote from: limbaugh on May 24, 2013, 05:13:32 PM

Quote from: fran2k on May 24, 2013, 05:06:11 PM

Let's face it. We don't like Cryptsy because make us to Dump to soon.

If you're really worried DDoS them. Or we can collect bounties so they don't put the coin into the exchange.

Who is 'We"? This is one of the most ridiculous statements I have seen posted. And you would resort to crime to support misguided beliefs. Truly pathetic.

I was not being serious of course.

All this shitty alt coins could be banned out of the forum as in the old times of btctalk.

We should invest our time in creating worthful alts. As I think is the NooScript's one or others.

Scams like de PXCs or others are only damaging the community.

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

Quote from: relm9 on May 24, 2013, 04:38:18 PM

Quote from: MaGNeT on May 24, 2013, 04:33:47 PM

No altcoin was killed, only value dropped.

This. The only thing about Cryptsy is it's been adding new alts faster than other exchanges, so these new coins have even less time to build up interest before they get pumped and dumped on an exchange. Thus, the downward spiral just starts up quicker. That's not a fault of the site though. It's a free market - if these coins can't withstand that then too bad.

Long-term, if the coin has actual merit, it will survive.

i said it all about a month ago ha ha - its strange being involved with a group that doesn’t understand 50 % of the aspect of their own entity?

fenican

hero member

Activity: 1394

Merit: 505

vern,

open an account on bter or btc-e and put in a SELL order for .000001 on any coin. It will match you against the highest buy order in the stack, then the second highest, etc... until you are completely filled.

That is what a seller expects. He does not expect to fill at the illusory price

crypt0maniac

newbie

Activity: 28

Merit: 0

Market order is somethig different...

bigvern

member

Activity: 100

Merit: 10

Quote from: crypt0maniac on May 24, 2013, 06:23:31 PM

I was trading on Betfair for long time, and this is ridiculous !
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

vinne81

full member

Activity: 182

Merit: 100

Quote from: bigvern on May 24, 2013, 06:24:20 PM

What you are looking for is a "Market" order option, which is coming out this weekend.

BigVern

Isn't that one of the most basic, basic kind of orders?

bigvern

member

Activity: 100

Merit: 10

What you are looking for is a "Market" order option, which is coming out this weekend.

BigVern

crypt0maniac

newbie

Activity: 28

Merit: 0

I was trading on Betfair for long time, and this is ridiculous !
Order should be executed at maximal available price !

diegodos

sr. member

Activity: 448

Merit: 251

Quote from: fenican on May 24, 2013, 06:12:48 PM

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.

Perfect!!

i agree with you maybe he wants kill all altcoin or he isn't smart too see that

fenican

hero member

Activity: 1394

Merit: 505

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.

qwep

legendary

Activity: 1008

Merit: 1000

What about those coins that were on the orders, and have not returned to your account

barwizi

legendary

Activity: 882

Merit: 1000

Quote from: sathackr on May 24, 2013, 05:59:28 PM

so the guy sucks monkey balls, is a horrible coder, has a rigged site, is killing all the alt-coins, robbing everyone blind...he removes your favorite coin per request and now he's awesome and is doing the best he can?? That's one hell of an about-face. What about all the other alt-coin he's "destroying" guess you're as selfish as the miners you got what you wanted so everything is grand now. Are you 12?

i could think up a dozen jokes referring to your maturity, but i'd rather not since you fail to see the joke. is English your first language or did you jump on the train later on in life?

here's me at twelve

diegodos

sr. member

Activity: 448

Merit: 251

Quote from: barwizi on May 24, 2013, 05:12:57 PM

Quote from: JesstersDead on May 24, 2013, 05:08:15 PM

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 when you look hard enough.

Ok, the buyers and sellers of certain coins agree to an average of 1 btc per thousand, they trade for 3 days at that price, then the moment it pops up on cryptsy, the buy orders are all of a sudden 100k for 1btc? in the space of 5 minutes? Maybe i'm a monkey on a keyboard then and my mining rigs are piles of bananas

What is crypsty expected to launch any coin if crypsty dont have volume enough??

Just for kill coins... pay attention guys

A example was mcxnow started just MNC/BTC and now they have a good volume , it is basic without volume nobody won

jasonslow

hero member

Activity: 574

Merit: 500

If they are selling your precious coin so low. why you did not buy it? Let the market decide its worth. The site interface is great and professional except they have little buyers but they will catch some volume soon.

sathackr

newbie

Activity: 21

Merit: 0

so the guy sucks monkey balls, is a horrible coder, has a rigged site, is killing all the alt-coins, robbing everyone blind...he removes your favorite coin per request and now he's awesome and is doing the best he can?? That's one hell of an about-face. What about all the other alt-coin he's "destroying" guess you're as selfish as the miners you got what you wanted so everything is grand now. Are you 12?

JesstersDead

full member

Activity: 154

Merit: 100

I forgot where I put my wallet.dat

Quote from: relm9 on May 24, 2013, 05:42:31 PM

You are forgetting a lot more miners are jumping on these coins lately as well. Most of them don't care if they sell their coins for a pittance, so long as the effective profitability is higher than mining LTC/BTC. That in itself is a huge reason why prices are dropping.

+1. Agreed. The "flash miner" mentality is what is devaluing coins more so than anything else. That and the fact that most coins can only be traded for other coins which can only be traded for other coins, ad infinitum.

anderl

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Activity: 714

Merit: 500

Quote from: relm9 on May 24, 2013, 05:42:31 PM

You are forgetting a lot more miners are jumping on these coins lately as well. Most of them don't care if they sell their coins for a pittance, so long as the effective profitability is higher than mining LTC/BTC. That in itself is a huge reason why prices are dropping.

this

relm9

hero member

Activity: 840

Merit: 1000

You are forgetting a lot more miners are jumping on these coins lately as well. Most of them don't care if they sell their coins for a pittance, so long as the effective profitability is higher than mining LTC/BTC. That in itself is a huge reason why prices are dropping.

barwizi

legendary

Activity: 882

Merit: 1000

now people are reporting missing balances, but i'm sure they will all be refunded, have patience, the man is doing his best Grin

Topic: Abort Cryptsy - page 4. (Read 14458 times)