is Cryptsy about to fold over??? - page 7.

mickiya

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Quote from: pungopete468 on November 19, 2015, 10:25:14 PM

They still have funds locked up in trust that can be used to cover the losses of their users. That's one major difference between Cryptsy and Gox...

If it has this kind of insurance, it is good. Is there any independent audit of the funds to see if they are still there?

Duomo

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I wouldn't trust my money on there if that says anything. Numerous individuals have been having issues withdrawing.

The Sceptical Chymist

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Top Crypto Casino

You know, no one's said this I don't think, but even if Cryptsy wasn't insolvent, there's a serious loss of confidence in them and I cannot imagine they can sustain their business if everyone flees. I know I have; I wouldn't deposit a single DOGE there anymore, much less any bitcoin.

This is the same shit that happened with Enron years ago. Can't trade if people don't trust you. It really sucks, because I did some trading with them not so long ago and it went pretty well.

jt byte

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Cryptsy is crapsy and now they are in the crapper.
Hope all the traders can get some of their BTC back.
What a bunch of dead beats those guys are at Cryptsy.

sirslayer

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chickens and cryptos

to be honest, Cryptsy did me good for a year with minors issue till now.. i thought this is the future in trading..

Jordan23

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I was locked out of my account. It was due to six months of no activity. They asked me two security questions and there are only two possible answers. I know the answers are right. I went through this three times and right after I answered the security questions they quit responding to me. Very strange. I had no coins there though.

sirslayer

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chickens and cryptos

thats an idea .. i think doge accounts was also affected but im not sure the lessers coins are like worth .00000001 .. i was able to withdraw using sys coins wanted to do 42coin but cryptsy are the main exchanged.. poor 42coin.. i mined the heck out of you ... and they were good times

teddy5145

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I saw the possible solution on a few topics back.
Try to convert your btc to doge then withdraw to your doge wallet, after that trade that doge at another exchanger Wink

pungopete468

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Quote from: fuddudle on November 19, 2015, 10:56:40 PM

have they done any proof of reserves?

Not that I'm aware of, but they do trade USD which requires a sizeable deposit to be held in trust.

fuddudle

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have they done any proof of reserves?

sirslayer

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chickens and cryptos

i guess their issues are the popular coins and they recommend to buy a lesser coin and withdraw which it did work .. I was able to recover most... dont like the idea to loose on transfer fees and selling to get my btc...

pungopete468

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They still have funds locked up in trust that can be used to cover the losses of their users. That's one major difference between Cryptsy and Gox...

Arcteryx

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Quote from: pungopete468 on November 19, 2015, 10:13:47 PM

Cryptsy won't fold the same way Gox did, but I believe they will fold...

They started to but then tried to recover. They lost it now.

pungopete468

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Cryptsy won't fold the same way Gox did, but I believe they will fold...

fuddudle

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I can't really say from experience that cryptsy have withdrawal problems but usually that's a signal that something dear is brewing.

meono

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Quote from: VirosaGITS on November 19, 2015, 08:37:00 PM

Quote from: meono on November 19, 2015, 08:07:59 PM

If you still use cryptsy now, you deserve whatever happen to your coins.

I'm way disappointed in Cryptsy too. Withdraws always has been slow, sometime 1-2 days (wtf?! for small amounts too). And they keep spamming me to go to Crypsty.ca to trade FIAT/BTC but its dead, no volume. Not sure why they arent integrating CAD with USD.

Is it so hard? Coinbase is doing just fine that way.

What do you expect from a "business" running in someone's basement?

The whole service is shady right from start. If you dont see it, then its like taking candy from a kid.

vorazvora

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All the big falls began similar - just from those small, problems. My advice is to keep away from them.It does not look good.

VirosaGITS

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Quote from: meono on November 19, 2015, 08:07:59 PM

If you still use cryptsy now, you deserve whatever happen to your coins.

I'm way disappointed in Cryptsy too. Withdraws always has been slow, sometime 1-2 days (wtf?! for small amounts too). And they keep spamming me to go to Crypsty.ca to trade FIAT/BTC but its dead, no volume. Not sure why they arent integrating CAD with USD.

Is it so hard? Coinbase is doing just fine that way.

meono

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If you still use cryptsy now, you deserve whatever happen to your coins.

mixan

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I will think they have caused a lot of hassle and grief to a lot of people and most importantly to their customers who believed in their web of deceit.
They will fold soon and most of the investors will lose it all if they didn't get their money out before they started locking accounts. Sad situation with them if you did hold anything with them.

Topic: is Cryptsy about to fold over??? - page 7. (Read 8322 times)