Right, but when the whales are playing a new coin each week with 1000+ BTC volume... it IS the best gauge of what they want. Any "whales" in altcoins aren't long term investors, and exchanges don't want long-term investors, they make money off of active trading and volatility. An exchange profits most on hype, no doubt. I personally loved Cryptsy being more selective, as it sortof gave a coin a bit more permanence by getting Cryptsy's stamp of approval - but shit is wildly different from even December. The amount of coins, speculators, hardware... it's all exploding. Cryptsy is retooling. I agree it's gonna be shitty when it turns into several hundreds of coins and half of em are dead, but... Cryptsy is gonna pick that and more profit over prestige and less profit. I really think we're seeing the start of a major shift in Cryptsy's strategy, the days of careful consideration are over.
I understand Cryptsy's mindset in this. It's just that their exchange may be filled with dozens of rabbit/fckbanks/whatever coins if they go that route. I think they should consider a retirement plan for coins then, removing those that fall below a certain level of volume ... as they already have a ton of junk on there as it is.
It would be both amusing and disappointing to see a pattern of noname coins getting listed, up for a week or two as it's pumped and dumped... then desisted immediately after. But that would be better than seeing an exchange list of 300 coins, and 200+ of them are completely worthless.
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