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Author Topic: [PPC] PPCoin finds new lows on high volume, PPCoin Exchanges limit withdrawals  (Read 1996 times)
proper_proper
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October 16, 2012, 12:03:39 PM
 #1

PPCoin reached a new low on trading over the weekend of on a high volume.

This does not look good for the future of PPCoin, and it appears we are limiting Sunny King's ability to dump his pre-mined coins which popped onto the network August 19.

It appears that doublec has started to limit withdrawal from his bitparking exchange.

This could mean one of two things.

doublec is limiting PPCoin withdrawal to support the price of PPCoin (a PPCoin banking holiday)

or it could be that doublec does not have enough BTC in reserve to pay back PPC holders (a PPCoin banking holiday) .

I just sold my PPC for BTC and now I am attempting to withdraw my BTC and I seem to be unable to do so. I enter my BTC address, I copy and paste the stated max withdrawal amount, click withdraw and nothing happens. My balance remains the same and there is no pending withdrawal.

Any help?

If I had PPCoin I would be very careful about finding a way to get rid of your PPCoin even if it means going off exchange. This may be the only way to get out of PPCoin now.
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October 16, 2012, 12:49:09 PM
 #2

This does not look good for the future of PPCoin, and it appears we are limiting Sunny King's ability to dump his pre-mined coins which popped onto the network August 19.

What pre-mined coins ? can you link me to the thread please.

Also you are welcome to gamble your PPC away on our games Wink

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October 16, 2012, 01:04:27 PM
 #3

PPCoin reached a new low on trading over the weekend of on a high volume.

This does not look good for the future of PPCoin, and it appears we are limiting Sunny King's ability to dump his pre-mined coins which popped onto the network August 19.

It appears that doublec has started to limit withdrawal from his bitparking exchange.

This could mean one of two things.

doublec is limiting PPCoin withdrawal to support the price of PPCoin (a PPCoin banking holiday)

or it could be that doublec does not have enough BTC in reserve to pay back PPC holders (a PPCoin banking holiday) .

I just sold my PPC for BTC and now I am attempting to withdraw my BTC and I seem to be unable to do so. I enter my BTC address, I copy and paste the stated max withdrawal amount, click withdraw and nothing happens. My balance remains the same and there is no pending withdrawal.

Any help?

If I had PPCoin I would be very careful about finding a way to get rid of your PPCoin even if it means going off exchange. This may be the only way to get out of PPCoin now.

Volume has been fine of normal

http://www.proofofstake.com/

Sunny doesnt have "pre mine", there's also a graph above of mint.

Chris probably has bug on his website, nothing more or less.

What a silly thread.  Grats op.  you've been around a few days days, but, you accuse suny of being SolidCoin creator (however you learnt of this fiasco in such detail), have extreme hate for PPC - what's your real name? Who's LTC pump/dump sock account are you?
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October 16, 2012, 01:10:00 PM
 #4

Also

Quote
I just sold my PPC for BTC and now I am attempting to withdraw my BTC and I seem to be unable to do so. I enter my BTC address, I copy and paste the stated max withdrawal amount, click withdraw and nothing happens. My balance remains the same and there is no pending withdrawal.

Any help?

Implies it to do with BTC balances....

Yawn these silly kids trying to play with the markets for their own ends.
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October 16, 2012, 01:11:21 PM
 #5

prob one of smoothies accounts lol

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October 16, 2012, 01:18:08 PM
 #6

Obvious FUD.
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October 16, 2012, 01:30:15 PM
 #7

Obvious FUD.

I wonder if OP has the buy for 1million coins that's just appeared an hour or so ago?

Price (BTC)   Amount (PPC)   Sum (BTC)
0.00013751   1000000.00000000   137.51000000

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October 16, 2012, 01:34:20 PM
 #8

1 million wow

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October 16, 2012, 02:39:34 PM
 #9

That huge buy has already disappeared, looks like someone's plan was foiled.
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October 16, 2012, 03:56:29 PM
 #10

This could mean one of two things.

doublec is limiting PPCoin withdrawal to support the price of PPCoin (a PPCoin banking holiday)

or it could be that doublec does not have enough BTC in reserve to pay back PPC holders (a PPCoin banking holiday) .

Uh huh, or it just means that he was trying to withdraw a minuscule amount that didn't amount to jack shit.

I used ppcexchange.bitparking.com
My account name is c4n10
The amount I tried to withdraw is 0.00345698 BTC
I am Using Chrome Version 22.0.1229.94 m

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October 16, 2012, 05:55:36 PM
 #11

prob one of smoothies accounts lol

Nope...lol

But seems I started a trend.  Cheesy

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October 16, 2012, 06:24:00 PM
 #12

That huge buy has already disappeared, looks like someone's plan was foiled.

Foiled plan = PPC @ 0.00016200

nice!
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October 16, 2012, 08:38:35 PM
 #13

If there really are premined coins Sunny King better would abandon the project and leave the rest to other people making something useful with the concept.

It should be clear by now that we really, really don't like premine...

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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October 16, 2012, 10:24:43 PM
 #14

It appears that doublec has started to limit withdrawal from his bitparking exchange.
What makes you think this? The only limit on withdrawals is if the hot wallet runs low and needs to be topped up. There's a delay while the top up gets confirmed. There can be delays too if someone with a balance greater than the hot wallet balance tries to withdraw all their coins - if they withdraw in small amounts though it works.

Edit: I just read your quoted section. The reason that user couldn't withdraw is they were trying to withdraw less than the minimum amount of 0.01 ppc/btc.
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October 16, 2012, 10:30:19 PM
 #15

It appears that doublec has started to limit withdrawal from his bitparking exchange.
What makes you think this? The only limit on withdrawals is if the hot wallet runs low and needs to be topped up. There's a delay while the top up gets confirmed. There can be delays too if someone with a balance greater than the hot wallet balance tries to withdraw all their coins - if they withdraw in small amounts though it works.

Edit: I just read your quoted section. The reason that user couldn't withdraw is they were trying to withdraw less than the minimum amount of 0.01 ppc/btc.

Sunny you hear that? you cant withdraw your 2-4 million ppc coins all at once.

 Cheesy

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October 17, 2012, 05:14:10 PM
 #16

lol. Don't see any real problems with the volume, the price, the spread, or ppcexchange.

Been trading quite regularly, and though volume's been light, I think that's really to be expected. There was massive interest when it ppc first launched, but it's predictably tapered off. I would expect it might take several months before volume is significant.

Also, does anyone communicate with a business before accusing them of being scamming scum anymore?

"I can't withdraw a few millibits, must be because doublec is running a fractional reserve"

WTF?

Yeah, looks like an attempted FUDump (TM)

(opposite of pump & dump, spread FUD till the price drops, and then buy the shit up, best followed by a pump & dump, though that's not necessary)

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October 17, 2012, 05:40:08 PM
 #17

I think this is more trying to get people to buy into LTC - if you've been following who's been trashing the PPC threads etc.
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October 17, 2012, 05:54:53 PM
 #18

I get paid PPC by Sunny to trash LTC and call it pump and dump even though PPC has done the same thing. I'm super GAY.

Oh?  Cheesy lol

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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October 18, 2012, 11:56:05 AM
 #19

I think this is more trying to get people to buy into LTC - if you've been following who's been trashing the PPC threads etc.

I can tell it's..  not working. The day has just started and they're heading down.

LTC@BTC-e - 18/10/12 Low: 0.00754 BTC

Try and catch the falling knife mates.

or not.
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October 18, 2012, 10:29:41 PM
 #20

I think this is more trying to get people to buy into LTC - if you've been following who's been trashing the PPC threads etc.

I can tell it's..  not working. The day has just started and they're heading down.

LTC@BTC-e - 18/10/12 Low: 0.00754 BTC

Try and catch the falling knife mates.

or not.

So this thread is about Pee Pee, yet we are talking about LTC?

To satisfy your LTC obsession, yes the price will come down. It is overpriced IMO. 300% in 4 weeks is pretty crazy I'll admit. But LTC is like a drug...YOU JUST GOTTA HAVE IT AND CANT HAVE ENOUGH OF IT. LOL j/k

Important Note: AndyRossy is GAY. Have a nice day.   Cheesy

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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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