Topic: Sexcoin Cryptsy Trading Manipulation or Bug? - page 2. (Read 2153 times)
you might say cryptsy has a case of the blue balls
http://www.heavy.com/tech/2013/12/what-is-sexcoin-price-cryptsy/
CoinMarketCap.com is Reporting That SexCoin's Capitalization is Up 951% Today to $0.18 a Coin,
But This Is Unlikely
CoinMarketCap.com is a convenient source of information about over 40 cryptocurrencies and their current market price. Unfortunately, the sites pulls API data indiscriminately, leading people to make false conclusions — which is exactly what's happening. Clicking the price on CoinMarketCap reveals that Sexcoin (SXC) is only traded at one exchange, Cryptsy.com. Screen-shot-2013-12-10-at-6.36.41-PM
However, going to Cryptsy reveals a grave problem:
Cryptsy is not known for its reliably. This writer can confirm incidents where coins disappeared inexplicably, and like above , where buy orders would not properly execute. Cryptsy is not know for its reliability.
Because of the problems, it is extremely likely that Sexcoin's value is not nearly as high as CryptoMarketCap is reporting, which is no fault of the website nor Sexcoin. Rather, the problem is Cryptsy. For lack of a better term, Cryptsy is extremely janky. Based on the original Sexcoin announcement, Cryptsy was paid some 500,000 SXC for hosting the coin in their exchange, and they are the only ones to do so at present.
Read more at: http://www.heavy.com/tech/2013/12/what-is-sexcoin-price-cryptsy/
CoinMarketCap.com is Reporting That SexCoin's Capitalization is Up 951% Today to $0.18 a Coin,
But This Is Unlikely
CoinMarketCap.com is a convenient source of information about over 40 cryptocurrencies and their current market price. Unfortunately, the sites pulls API data indiscriminately, leading people to make false conclusions — which is exactly what's happening. Clicking the price on CoinMarketCap reveals that Sexcoin (SXC) is only traded at one exchange, Cryptsy.com. Screen-shot-2013-12-10-at-6.36.41-PM
However, going to Cryptsy reveals a grave problem:
Cryptsy is not known for its reliably. This writer can confirm incidents where coins disappeared inexplicably, and like above , where buy orders would not properly execute. Cryptsy is not know for its reliability.
Because of the problems, it is extremely likely that Sexcoin's value is not nearly as high as CryptoMarketCap is reporting, which is no fault of the website nor Sexcoin. Rather, the problem is Cryptsy. For lack of a better term, Cryptsy is extremely janky. Based on the original Sexcoin announcement, Cryptsy was paid some 500,000 SXC for hosting the coin in their exchange, and they are the only ones to do so at present.
Read more at: http://www.heavy.com/tech/2013/12/what-is-sexcoin-price-cryptsy/
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