Ive given up trying to buy on cryptsy but its fun watching the hype train take off. It was actually faster earlier on for me to transfer my BTC balance from cryptsy to Bter, buy on Bter - transfer it back and put it up for sale back on cryptsy where people were paying 4000 more than bter!
Im fairly sure no one even knows what theyre buying - people are entering random numbers in and hoping something sticks! When all the dust settles people are gonna sit back and think 'WTF why did i pay 3/5/10 times more than this was 14 hours ago' - at which point its gonna tumble.
Going up way too fast atm and its just chaos - did exactly the same the other week too and then collapsed.
Cryptsy is causing this caos, people are getting annoyed at their buy orders being missed so are entering higher number to try and get some. Quark will reach $1 and way beyond make no doubt about that but it needs a steady platform to trade from.
I say be prepared for a crash when people spend way more than they expected for the coins. It will raise again later but I see a decrease coming very soon, which I blame on Cryptsy.
Well I am going to try to sell ~900 QRK for 0.0003 and if it crashes I will rebuy 900 at the lower price and keep the BTC as pure profit.
Wish me luck.
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