Topic: BEWARE OF CRYPTSY MANIPULATING NEW COINS- VERTCOIN SCREWJOB!! - page 3. (Read 40141 times)
February 09, 2014, 07:12:56 PM
They do this when the volume is extremely low, essentially locking you in/out. I informed them and heard nothing.
February 09, 2014, 02:01:17 PM
I have been waiting for my vert coins to "show up" on Cryptsy as well. It has been over 30 hours now and either Cryptsy is a TERRIBLE and Incompetent service provider or they are criminally manipulating the market. The only reason I can fathom that they are just incompetent is that they are not the only game in town and they are seriously damaging their brand and customer trust.
I sent them 3 increasingly angy "support" requests and each came back with the same replay stating...
VertCoin (VTC) is under maintenance. It will return soon and deposits will then go through.
Sorry for the delay and thank you kindly for your patience.
Sincerely,
Stephanie
Cryptsy.com
* * Check out whats new at Cryptsy by visiting our new blog at http://blog.cryptsy.com/ !!
It is funny that they have not posted this maintenance issue anywhere on their site, twitter or their blog. Needless to say, my confidence is shattered and I will be removing all my holdings from their site pronto! I suggest anyone else with even a flickering sense of self preservation do the same. There are plenty of competitors - bter, coins-e, coinmarket.io etc..
In closing I say to Big Vern - GO F*CK YOURSELF.
I sent them 3 increasingly angy "support" requests and each came back with the same replay stating...
VertCoin (VTC) is under maintenance. It will return soon and deposits will then go through.
Sorry for the delay and thank you kindly for your patience.
Sincerely,
Stephanie
Cryptsy.com
* * Check out whats new at Cryptsy by visiting our new blog at http://blog.cryptsy.com/ !!
It is funny that they have not posted this maintenance issue anywhere on their site, twitter or their blog. Needless to say, my confidence is shattered and I will be removing all my holdings from their site pronto! I suggest anyone else with even a flickering sense of self preservation do the same. There are plenty of competitors - bter, coins-e, coinmarket.io etc..
In closing I say to Big Vern - GO F*CK YOURSELF.
February 09, 2014, 03:04:17 AM
same thing happened to me, my deposit was pending, for almost a 8 hours, 3 support tickets without a reply, at the end did send my last ticket, informing them, that this is my last ticket to send about this case, from this point ill have to forward my case to my lawyers, and ill make sure that you will pay me every cent i lose because of this unexpected delay without any kind of warning from your side about pending queue or being informed prior deposit about pending estimate time, and magically the newly created ticket got a replay within an hour, faster than previous 3 tickets, and received right away my deposit with an apologies from them, isn't cryptsy people are so nice? .... NOT
my prediction is
they recieve your 100 coin, they sell it at price of 0.014 for example, they make 1.4btc, then when price go to 0.008 they buy you a 100 coin for 0.8btc, and deposit it for you, YAY
i believe they are making money out of your asses, BECAUSE, there is no tracking system like block explorer to what ACTUALLY happen to the coins while they are inside their website. transactions inside exchange site dosn't require confirmation when you buy and sell, no coins move from wallet to other, its all on their data base.
pending stage might mean "cryptsy owner balance"
my prediction is
they recieve your 100 coin, they sell it at price of 0.014 for example, they make 1.4btc, then when price go to 0.008 they buy you a 100 coin for 0.8btc, and deposit it for you, YAY
i believe they are making money out of your asses, BECAUSE, there is no tracking system like block explorer to what ACTUALLY happen to the coins while they are inside their website. transactions inside exchange site dosn't require confirmation when you buy and sell, no coins move from wallet to other, its all on their data base.
pending stage might mean "cryptsy owner balance"
February 08, 2014, 11:45:32 PM
I am sitting at 24 hours for my 6 VTC deposit...fucking shit site.
February 08, 2014, 10:14:27 PM
lets see when they add SUN if this happends too
February 08, 2014, 05:29:43 PM
Over 12 hours waiting for my VTC to arrive.
February 08, 2014, 11:28:44 AM
I've been saying this for a week now... Let's boycott Cryptsy.. clearly they are incapable of running an exchange of this size so let's help them downsize! I've been waiting for an answer from tech support for over a week on my issue.. No response.. They can not be trusted. Last week it took me over 12 hours to transfer some DogeCoins to Cryptsy. Worst exchange ever. Nobody ever available in the IRC help channels.
February 08, 2014, 10:55:57 AM
I put my only 1.3 vert in crypsy and it never showed up at all. I got tucked out of the only amount I was able to mine.
Vk6JYjxTybVihBfNUpvRyrXo3rHCwG3f9E
Check my wallet for yourself.
Vk6JYjxTybVihBfNUpvRyrXo3rHCwG3f9E
Check my wallet for yourself.
February 07, 2014, 05:31:37 PM
New article about Cryptsy's shady moves and this thread! bitcoinbarbie[dot]com
February 07, 2014, 02:56:42 PM
Just go to bter.com perfect trading site! And today the VERT is also live there !!
February 07, 2014, 11:47:39 AM
Same here, parts of my mining efforts are stuck in nirvana.
Sent x tickets into the helpdesk already.
They cannot not know.
And it's all documented, the block explorer
shows exactly when the money got where.
While my precious is in cryptsy nirvana, I cannot trade with it.
Cryptsy's fault not mine. They hide my money until it's boring to trade with it.
I would really like to know what's going on, there are several possibilities:
It's
(a) a technical problem, or
(b) a jump the queue scam, or
(c) a direct market manipulation.
(d) they protect me from selling now for an undervalued price
(e) a reason that I don't understand.
(f) thieves
Let's have a closer look:
(a) a technical problem
could have well been the reason - but then they had fixed it within an hour or two.
A company like cryptsy cannot afford to not have programmers on standby 24/7.
And by now, they could have 10 people working on it.
We are talking big money that we customers are loosing right now.
CRYPTSY CAN YOU PLEASE PUT MORE AND BETTER PROGRAMMERS ON YOUR PAYROLL.
(b) a jump the queue scam
is not improbable, but would mean that cryptsy is completely corrupt, and can never
be trusted ever again. Either you would belong to that select group that is allowed
to jump the queue, and trade before anyone else does ...
... - or you loose out a lot whenever you use cryptsy.
I would be sad if that were the case, really.
Then: LET ME INTO THAT GROUP PLEASE, CRYPTSY.
But I don't think such a corruption is necessary, just with normal business,
cryptsy can get so incredibly rich that they don't need to play foul games.
(c) a direct market manipulation.
It would be quite clever, actually.
For 6 hours, Cryptsy allows less coins through than are asked for
- the logical consequence is a huge increase in price.
Their gain? As they control the inflow, they can cash-out at the peak. Clever clever.
The question here is rather: if not, why are they not using (c) *hahahaha*
AS SOME OF US COULD NOT BENEFIT FROM THIS,
PLEASE REPEAT IT IN THE NEXT WEEK.
And friends: Please alert me then, please :-)
If I get my turn, e.g. later on today
- that strategy of hiding my money from myself would actually be in my interest,
as strange as that might sound: Cryptsy is slowing down our dumping,
in order to keep the price up. Thank you, Cryptsy!
(d) they protect me from selling now for an undervalued price
Cryptsy is on my side, and feels with me, and knows how important this will be for me.
And they sense how much more the price will climb today;
and by hiding my money, they protect me from selling prematurely.
Let's just hope that is true.
My guess is the real peak will be at 16:00 GMT.
(e) I don't understand it yet
Then please enlighten me.
I am really curious.
EDIT: What I would never have expected, naive me:
It could be plain and simple, I didn't come up with it, but several others report:
(f) theft.
Someone on the inside of cryptsy is stealing money.
(s)he would get be able to get the private keys of the deposit target address.
So far I have found these reports of theft, allegedly proven by having seen the sum moving through wallets:
#17 https://bitcointalksearch.org/topic/m.4948468
#3083 https://bitcointalksearch.org/topic/m.4947616
#3096 https://bitcointalksearch.org/topic/m.4947959
#3117 https://bitcointalksearch.org/topic/m.4948689
But to steal would not make sense, for the same reasons as in (b).
Cryptsy's profit model is better than any shortsighted illegal scam could ever be.
I still hope it's (d).
Or (a) and they invite me to work for them.
Or (b), and they invite me to the priviledged group who can jump the queue :-)
What a fascinating day!
Damn nice analysis, I couldn't agree more on everything you said. Sent x tickets into the helpdesk already.
They cannot not know.
And it's all documented, the block explorer
shows exactly when the money got where.
While my precious is in cryptsy nirvana, I cannot trade with it.
Cryptsy's fault not mine. They hide my money until it's boring to trade with it.
I would really like to know what's going on, there are several possibilities:
It's
(a) a technical problem, or
(b) a jump the queue scam, or
(c) a direct market manipulation.
(d) they protect me from selling now for an undervalued price
(e) a reason that I don't understand.
(f) thieves
Let's have a closer look:
(a) a technical problem
could have well been the reason - but then they had fixed it within an hour or two.
A company like cryptsy cannot afford to not have programmers on standby 24/7.
And by now, they could have 10 people working on it.
We are talking big money that we customers are loosing right now.
CRYPTSY CAN YOU PLEASE PUT MORE AND BETTER PROGRAMMERS ON YOUR PAYROLL.
(b) a jump the queue scam
is not improbable, but would mean that cryptsy is completely corrupt, and can never
be trusted ever again. Either you would belong to that select group that is allowed
to jump the queue, and trade before anyone else does ...
... - or you loose out a lot whenever you use cryptsy.
I would be sad if that were the case, really.
Then: LET ME INTO THAT GROUP PLEASE, CRYPTSY.
But I don't think such a corruption is necessary, just with normal business,
cryptsy can get so incredibly rich that they don't need to play foul games.
(c) a direct market manipulation.
It would be quite clever, actually.
For 6 hours, Cryptsy allows less coins through than are asked for
- the logical consequence is a huge increase in price.
Their gain? As they control the inflow, they can cash-out at the peak. Clever clever.
The question here is rather: if not, why are they not using (c) *hahahaha*
AS SOME OF US COULD NOT BENEFIT FROM THIS,
PLEASE REPEAT IT IN THE NEXT WEEK.
And friends: Please alert me then, please :-)
If I get my turn, e.g. later on today
- that strategy of hiding my money from myself would actually be in my interest,
as strange as that might sound: Cryptsy is slowing down our dumping,
in order to keep the price up. Thank you, Cryptsy!
(d) they protect me from selling now for an undervalued price
Cryptsy is on my side, and feels with me, and knows how important this will be for me.
And they sense how much more the price will climb today;
and by hiding my money, they protect me from selling prematurely.
Let's just hope that is true.
My guess is the real peak will be at 16:00 GMT.
(e) I don't understand it yet
Then please enlighten me.
I am really curious.
EDIT: What I would never have expected, naive me:
It could be plain and simple, I didn't come up with it, but several others report:
(f) theft.
Someone on the inside of cryptsy is stealing money.
(s)he would get be able to get the private keys of the deposit target address.
So far I have found these reports of theft, allegedly proven by having seen the sum moving through wallets:
#17 https://bitcointalksearch.org/topic/m.4948468
#3083 https://bitcointalksearch.org/topic/m.4947616
#3096 https://bitcointalksearch.org/topic/m.4947959
#3117 https://bitcointalksearch.org/topic/m.4948689
But to steal would not make sense, for the same reasons as in (b).
Cryptsy's profit model is better than any shortsighted illegal scam could ever be.
I still hope it's (d).
Or (a) and they invite me to work for them.
Or (b), and they invite me to the priviledged group who can jump the queue :-)
What a fascinating day!
February 07, 2014, 11:37:07 AM
cryptsy is shity
February 07, 2014, 03:46:38 AM
Sent only 30 vtc to Cryptsy in order to check if the problem is fixed... 13 hours after.... nothing
February 06, 2014, 01:03:32 PM
Even a bitcoin transfer took nearly 24 hours for me once, had 160 confirmations but did not show up in my wallet for till 24 hours after the first 6 confirmations. I think these things just happen.
Though it is suspicious these things tend to happen to a lot of new popular coins at cryptsy on a regular basis.
Though it is suspicious these things tend to happen to a lot of new popular coins at cryptsy on a regular basis.
February 06, 2014, 12:59:02 PM
I suffered the same fate too... And I had a lot of over 800 VTC transferred from coinedup which came in so much later that by then the price had halfed! Cryptsy ought to pay attention to this kind of happenings.
February 06, 2014, 06:03:56 AM
-1 client
waiting +5 hours my deposit and nothing
waiting +5 hours my deposit and nothing
February 06, 2014, 01:43:38 AM
OMG.
As soon as my VTC are there I'll withdraw them to another exchange. IDIOTS!
BEWARE!
EDIT: As "soon"...
EDIT2: Or I'll just keep em...
First compiling the wallet did take 2 days (My first "save" laptop didn't have enough RAM, second first needed a clean install).
Now this cryptsy thing guess I should keep em
.
As soon as my VTC are there I'll withdraw them to another exchange. IDIOTS!
BEWARE!
EDIT: As "soon"...
EDIT2: Or I'll just keep em...
First compiling the wallet did take 2 days (My first "save" laptop didn't have enough RAM, second first needed a clean install).
Now this cryptsy thing guess I should keep em
. February 06, 2014, 12:01:23 AM
I finally got my coins as well. It still does not excuse them for manipulating the market so they can send the price soaring.
February 05, 2014, 11:38:29 PM
if someone sold like 5 btc worth of VTC on crapsy right now, that would crash the whole market. lel
February 05, 2014, 08:37:53 PM
Jump to: