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They're having huge trading volume again but still the coin distribution is only on a few wallets which means clear self trading. If you want to buy Wincoin, think 10 times before doing so. It is a pump and dump coin and a heavily manipulated one.
44 BTC daily trading volume but only a handful (5) wallets are having more than 100k wincoins with the block explorer showing the richest wallet having 92% of the coins.
How come exchanges accept this kinds of coins, cmon 92% in 1 address alone and having 40+ daily trading volume. Cryptopia and CCex blindly accept coins into their exchanges without checking the quality of the coin, tsk tsk...
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A swap surely does happen but of course they will do it more privately unless they want people to know that they're still doing the swap primitively. Just to give you an update on my old wallet of Wincoin (this is no longer in github so can't provide you a link to download it plus no point in doing so anymore for you guys).  This was before (I posted it here as well)  Look at the total blocks. So the old blockchain is still moving so there's no point in doing the swap manually. I'm just not getting the blocks probably because a wallet update for the old blockchain is needed but the chain is moving and they have a working wallet because if there's no working wallet of the old blockchain then the blocks won't move. I only have a few old Wincoins left and I'm not going through their manual swap because I don't trust the developers anymore for being non-technical and unreasonable. Thanks for this proof. Their buy orders in cryptopia is less than 1 BTC (that is total buy orders) but sometimes they land in the top 10 in volume, purely self trading. Well, most altcoins are scam anyways and this is no different. |
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Apparently, a swap has been going on to some. One of the guys I know was able to process a swap but there are some forms to fill so it is manual after all.
Not sure if the old blockchain is working but if it is, I'm not seeing the point of doing a manual swap if both blockchains are working.
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It's been several days and no posts on this one so it looks like a dead project after all.
I think this could be an internal coin trying to lure in outsiders.
Because they're having trading volume despite no posts at all.
As of this posting there are only 4 wallets above 100K balance in Cryptopia distribution.
124K, 127K, 1.1M and a 1.8M. So it seems these 4 wallets are the ones manipulating the market and the trading volume then and the price has been going downwards since Feb 7 based on the charts from 16k sats to 9k sats or almost 50% loss. This is while BTC increased from 7000 USD to 11K as of this post.
So it seems them being added in CCex didn't help. Still no news of an automated swap from the old working blockchain to the new blockchain with just a decrease in total volume.
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Woah, it seems there was a previously failed project already for Wincoin. |
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Well, their volume decreased heavily this past week. So it could be that they're getting tired in doing self trading or people are getting out? It could be the former most likely.
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Maybe that's the reason why they're not doing an automated swap from the previous blockchain, its because there are only a few unlucky ones who got affected. But still doesn't explain why having 2 working blockchains. It just doesn't fit the puzzle. They could be scammers by hiding their faces and doing self trade for weeks or months and
releasing a new blockchain while the old one is still working and not doing a swap but it just doesn't make sense why.
They don't have ICO investors to answers to or maybe they're hiding their ICO participants as well but I never heard of them having an ICO before. So we don't know if they scammed people before.
Well we don't know the reason on why maintaining 2 blockchains screwing over the users of the old blockchain neglecting them by not having a swap but if its a very small number of users because they've been doing self trade ever since then they don't have much complaints to attend to. It's all about whether you're doing things right or not that will dictate the direction of your cryptocurrency and its users, if these start up things are messed up what else will they mess up in the future. I've been through a lot of ICOs already and start ups, these wrong things whether intentional or not are more common than you think. Well I guess so there are lots of bad things that could happen for a start up but the most important thing is it must be unintentional then look for a solution to undo it. If not then the project wont be successful. Right and with what Wincoin is doing, being true and open might not be possible for them. I could definitely call this a SCAM then. It seems they are SCAMMERS. Probably a group of scammers who saw cryptocurrency as an opportunity to be rich. |
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Maybe that's the reason why they're not doing an automated swap from the previous blockchain, its because there are only a few unlucky ones who got affected. But still doesn't explain why having 2 working blockchains. It just doesn't fit the puzzle. They could be scammers by hiding their faces and doing self trade for weeks or months and
releasing a new blockchain while the old one is still working and not doing a swap but it just doesn't make sense why.
They don't have ICO investors to answers to or maybe they're hiding their ICO participants as well but I never heard of them having an ICO before. So we don't know if they scammed people before.
Well we don't know the reason on why maintaining 2 blockchains screwing over the users of the old blockchain neglecting them by not having a swap but if its a very small number of users because they've been doing self trade ever since then they don't have much complaints to attend to. It's all about whether you're doing things right or not that will dictate the direction of your cryptocurrency and its users, if these start up things are messed up what else will they mess up in the future. I've been through a lot of ICOs already and start ups, these wrong things whether intentional or not are more common than you think. Well I guess so there are lots of bad things that could happen for a start up but the most important thing is it must be unintentional then look for a solution to undo it. If not then the project wont be successful. |
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Why is it there are times where there are 0 nodes in Cryptopia coin info?
I checked it out and there are 2 connections at the moment. Though it is weird, with high volume like them but only a few nodes. Add this to the fact that there are the top 4 wallets contain close to 90% of coins. Something is not right with decentralization of this coin. It could be a manipulated one for several weeks. We wouldn't know for sure but there's a big possibility. A coin with huge trading volume but only 4 wallets has 90% of the total balance is unusual. So that could explain why there are not much responders here in Bitcointalk. The trading volume doesn't reflect what is going on outside. So it could be the reason why there's only 1 exchange so it will be easier to manipulate trading. But we can't say for sure... though a bit most likely. Here's my proof that it is a self traded coin It has been out in the exchange for quite some time already and having around 20-30 BTC daily trading volume on average (except recently when they're having just around 10 BTC per day)  With all the trading volume this coin is having on a daily basis, there are only 7 significant wallets then the rest are very small players. Look at the ratio of those 7 wallets with the rest. If that would be the case then I might be wrong on 1 idea because I thought those are self trade but it seems those are group trade as the volume is just taking place from these 7 wallets. I'm not saying that having 7 whales is bad as all coins have whales or the fat wallets but at least the rest of the community has coins as well so the graph wil have a gradual slope unlike in the screenshot above, outside those 7 all wallets are pretty much insignificant already. Try to compare it with your respective favorite coins to see the difference. These are the type of coins that destroys cryptocurrency reputation. Invest at your own risk. Thank you for this info, I've never seen this before. Yes, you could really be correct that it is a manipulated trading volume. Well, there will always be scammers in the crypto world. That is the reason why they don't disclose their faces in their website. Maybe that's the reason why they're not doing an automated swap from the previous blockchain, its because there are only a few unlucky ones who got affected. But still doesn't explain why having 2 working blockchains. It just doesn't fit the puzzle. They could be scammers by hiding their faces and doing self trade for weeks or months and releasing a new blockchain while the old one is still working and not doing a swap but it just doesn't make sense why. They don't have ICO investors to answers to or maybe they're hiding their ICO participants as well but I never heard of them having an ICO before. So we don't know if they scammed people before. |
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Why is it there are times where there are 0 nodes in Cryptopia coin info?
I checked it out and there are 2 connections at the moment. Though it is weird, with high volume like them but only a few nodes. Add this to the fact that there are the top 4 wallets contain close to 90% of coins. Something is not right with decentralization of this coin. It could be a manipulated one for several weeks. We wouldn't know for sure but there's a big possibility. A coin with huge trading volume but only 4 wallets has 90% of the total balance is unusual. So that could explain why there are not much responders here in Bitcointalk. The trading volume doesn't reflect what is going on outside. So it could be the reason why there's only 1 exchange so it will be easier to manipulate trading. But we can't say for sure... though a bit most likely. Here's my proof that it is a self traded coin It has been out in the exchange for quite some time already and having around 20-30 BTC daily trading volume on average (except recently when they're having just around 10 BTC per day) With all the trading volume this coin is having on a daily basis, there are only 7 significant wallets then the rest are very small players. Look at the ratio of those 7 wallets with the rest. If that would be the case then I might be wrong on 1 idea because I thought those are self trade but it seems those are group trade as the volume is just taking place from these 7 wallets. I'm not saying that having 7 whales is bad as all coins have whales or the fat wallets but at least the rest of the community has coins as well so the graph wil have a gradual slope unlike in the screenshot above, outside those 7 all wallets are pretty much insignificant already. Try to compare it with your respective favorite coins to see the difference. These are the type of coins that destroys cryptocurrency reputation. Invest at your own risk. Thank you for this info, I've never seen this before. Yes, you could really be correct that it is a manipulated trading volume. Well, there will always be scammers in the crypto world. |
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Why is it there are times where there are 0 nodes in Cryptopia coin info?
I checked it out and there are 2 connections at the moment. Though it is weird, with high volume like them but only a few nodes. Add this to the fact that there are the top 4 wallets contain close to 90% of coins. Something is not right with decentralization of this coin. It could be a manipulated one for several weeks. We wouldn't know for sure but there's a big possibility. A coin with huge trading volume but only 4 wallets has 90% of the total balance is unusual. So that could explain why there are not much responders here in Bitcointalk. The trading volume doesn't reflect what is going on outside. So it could be the reason why there's only 1 exchange so it will be easier to manipulate trading. But we can't say for sure... though a bit most likely. |
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Why is it there are times where there are 0 nodes in Cryptopia coin info?
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But still WC_old is with Cryptopia so let's see if Wincoin and Cryptopia can find a solution on processing an automated swap and not just rely on manual transactions. Its clear anyway that both blockchains (old and new) are still running. So even if there's no significant reason why perform a swap, at least we might be able to see an automated swap. I've heard of a lot of coins performing a swap with a way better blockchain and at an automated approach so let's see if they can pull off at least one of those two (either a way better blockchain or an automated one).
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Probably just a marketing guy answering on this one. Can't even see their faces in the website, both blockchains working without significant difference between the 2, the desktop wallet is a very old version of QT design from years ago, cannot perform automated swap in cryptopia despite both blockchains working and with stated 8 million members - the top 10 in the rich list has 90% of the coins. Not sure if other guys see more things. But good job to the one responding here despite not being able to explain things the effort is there  Right, didn't notice it before. Aside from all these weird unexplainable stuff, their team is not visible in the website as oppose to most coins in coinmarketcap. Well, despite of these they do have a huge volume in cryptopia so somewhere they do have users (hoping that it is not self trade like some coins do to pump the volume). |
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More choices for the public, the better the technologies go as they compete to 1 up one another. It is a healthy competition so yes we need altcoins.
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Probably have to wait until Chinese New Year, hope every crypto bounces back after that.
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You know what you just said right?
My wallet due to it on a different blockchain of yours shouldn't see the new blockchain. So if I see another peer with an increasing block, it means the old blockchain is alive somewhere. The blockexplorer probably did not update their wallet to sync to the rest of the network of the old blockchain.
Understand to avoid confusion of any other fork beside the one officially recognized by our site are not Official WINCOIN, and golden standard is as per our official site wallet/explorer and so forth. Thanks So that means the official blockchain is the one posted on the site while the old blockchain became unofficial. Wouldn't be suprised if there will be another blockchain (official) few months from now because there's no clear advantage of the new blockchain over the old one. Won't be investing in this project, proceed with caution guys. As explained official blockchain is as published https://chainz.cryptoid.info/wc/, all roadmap of next step will be announced at official site https://wincoin.co/ and here as well. our goal is always to ensure safety of WC user asset. Thank you Probably just a marketing guy answering on this one. Can't even see their faces in the website, both blockchains working without significant difference between the 2, the desktop wallet is a very old version of QT design from years ago, cannot perform automated swap in cryptopia despite both blockchains working and with stated 8 million members - the top 10 in the rich list has 90% of the coins. Not sure if other guys see more things. But good job to the one responding here despite not being able to explain things the effort is there |
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It’s not all tethers crashing though? It’s mainly bitfinex’s USDT but there are alternative tethers like Cryptopia’s NDZT which is unrelated
Cryptopia already made a statement regarding tethers and they're encouraging the public to get out of tether. |
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You know what you just said right?
My wallet due to it on a different blockchain of yours shouldn't see the new blockchain. So if I see another peer with an increasing block, it means the old blockchain is alive somewhere. The blockexplorer probably did not update their wallet to sync to the rest of the network of the old blockchain.
Understand to avoid confusion of any other fork beside the one officially recognized by our site are not Official WINCOIN, and golden standard is as per our official site wallet/explorer and so forth. Thanks So that means the official blockchain is the one posted on the site while the old blockchain became unofficial. Wouldn't be suprised if there will be another blockchain (official) few months from now because there's no clear advantage of the new blockchain over the old one. Won't be investing in this project, proceed with caution guys. |
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