Bitcoin exchanges (cryptsy in particular)

[andrewboy44]

When these bitcoin exchanges freeze withdrawals for long periods of time how do we know they aren't doing this for profit? For example cryptsy right now has withdrawals pending for over two weeks so do to the scare the price of alts have shot up on the marketplace because people are trying to withdraw.

[sirslayer]

good luck if you get your withdrawals , today altcoins  exchanges are a bigger risk then the atlcoins they exchanged.,. i dont even use Cryptsy anymore since they to me are dead..  hate to say this but best if you trade and mine coins that are traded between the few exchanges that are support, exp bitcoins, litecoins ect ect..   

[LiteCoinGuy]

you will probably lose all your money. people warned about that exchange since months (google).

[Bayuu]

Cryptsy already turned scam. Say goodbye to your coins and move on.

[Ayle56]

If you cannot withdraw Bitcoins from Cryptsy then buy a small test amount of an altcoin and try to withdraw it. Keep trying different coins until you find one that you can withdraw quickly. After you find one then swap your Bitcoins for that altcoin and withdraw to a different exchange where you can sell them for Bitcoins.

You will take a haircut off your Bitcoins but get to withdraw them quickly.

[Xubu]

When these bitcoin exchanges freeze withdrawals for long periods of time how do we know they aren't doing this for profit? For example cryptsy right now has withdrawals pending for over two weeks so do to the scare the price of alts have shot up on the marketplace because people are trying to withdraw.

Happened many times before with these Exchanges. i think Cryptsy is lost. The past is repeating.

[twister]

Cryptsy already turned scam. Say goodbye to your coins and move on.

I think it's because they're out of funds, these exchanges convert the bitcoins to fiat and vice versa and when the price is up they don't want to buy because they will lose money and which is why they hold withdrawals. Exchanges are the biggest scams in Bitcoin world, run one legit for some time, let the bitcoiners think it's trustworthy and when you have enough, make up a story that it was hacked, wait a while then come back with a new name.

The thing is whenever you send bitcoins from your wallet to anywhere, there is no assurance that you will get them back. There are  legit services/exchanges but it's so hard to know which is which.

[Xubu]

Cryptsy already turned scam. Say goodbye to your coins and move on.

I think it's because they're out of funds, these exchanges convert the bitcoins to fiat and vice versa and when the price is up they don't want to buy because they will lose money and which is why they hold withdrawals. Exchanges are the biggest scams in Bitcoin world, run one legit for some time, let the bitcoiners think it's trustworthy and when you have enough, make up a story that it was hacked, wait a while then come back with a new name.

The thing is whenever you send bitcoins from your wallet to anywhere, there is no assurance that you will get them back. There are  legit services/exchanges but it's so hard to know which is which.

True. I lost a fortune with Mt Gox. Since i am very sceptic about exchanges.

[andrewboy44]

you will probably lose all your money. people warned about that exchange since months (google).

I only have 100 tied up in cryptsy so its not a big loss at all. But I really do feel like they're using this down time to make money. They can easily load up on alt coins and bring them to cryptsy to sell to users because they control bitcoin withdrawals. Right now more than 15 coins are overpriced on cryptsy

[calkob]

Anyone still using Cryptsy is mad, people have been warning about that exchange for months now.  It sounds like it will only be a matter of time.

[franky1]

you will probably lose all your money. people warned about that exchange since months (google).

I only have 100 tied up in cryptsy so its not a big loss at all. But I really do feel like they're using this down time to make money. They can easily load up on alt coins and bring them to cryptsy to sell to users because they control bitcoin withdrawals. Right now more than 15 coins are overpriced on cryptsy

ever noticed when you look at the order list, its small.. but as soon as you place an order a totally new order (never in list before) jumps ahead of you.
thats the cryptsy's own bot.
if they think you can make a profit because there is a spread. they will put in an order above yours so they can get that profit before you

[Xubu]

you will probably lose all your money. people warned about that exchange since months (google).

I only have 100 tied up in cryptsy so its not a big loss at all. But I really do feel like they're using this down time to make money. They can easily load up on alt coins and bring them to cryptsy to sell to users because they control bitcoin withdrawals. Right now more than 15 coins are overpriced on cryptsy

ever noticed when you look at the order list, its small.. but as soon as you place an order a totally new order (never in list before) jumps ahead of you.
thats the cryptsy's own bot.
if they think you can make a profit because there is a spread. they will put in an order above yours so they can get that profit before you

Its a lost case. Its very obvious. Cryptsy died and no one is going to transfer out their funds. Cryptsy CEO is smoking blunts and fucks luxuary hookers in the Bahamas with your Moneys.

[andrewboy44]

you will probably lose all your money. people warned about that exchange since months (google).

I only have 100 tied up in cryptsy so its not a big loss at all. But I really do feel like they're using this down time to make money. They can easily load up on alt coins and bring them to cryptsy to sell to users because they control bitcoin withdrawals. Right now more than 15 coins are overpriced on cryptsy

ever noticed when you look at the order list, its small.. but as soon as you place an order a totally new order (never in list before) jumps ahead of you.
thats the cryptsy's own bot.
if they think you can make a profit because there is a spread. they will put in an order above yours so they can get that profit before you

Yeah I've noticed it a few times. We need an exchange for the people

[Luqman]

Say goodbye to your coins man, Cryptsy is abslotely turned into scam exchange. I have leave this sucks exchange few months ago.. Move on

[thejaytiesto]

I and a lot of other people have been trying to get in contact with Cryptsy and they are ignoring us, they even made the chatbox to registered only most likely because they don't want to see non registered people to see the amount of people complaining to mods in the chatbox about how they can't withdraw their money. Luckly I only had altcoin trash in Cryptsy but still annoys me that I can't sell it and get some sats out of it.

[Xubu]

Its quite simpel scam business model.

1. Setup company
2. gain lots of trust and reputation
3. Misuse that trust and reputation AND TAKE IT ALL

Step 3 is happening now. 

[Bitcoinpro]

the name was cryptsy wat a dead give away

[tobacco123]

Keeping bitcoin in exchanges is always risky. There is no one out there protecting your money- you can only depend on "blinded" trust. Get your money out as soon as possible. Keep the transaction amount small.

[mayax]

Cryptsy already turned scam. Say goodbye to your coins and move on.

I think it's because they're out of funds, these exchanges convert the bitcoins to fiat and vice versa and when the price is up they don't want to buy because they will lose money and which is why they hold withdrawals. Exchanges are the biggest scams in Bitcoin world, run one legit for some time, let the bitcoiners think it's trustworthy and when you have enough, make up a story that it was hacked, wait a while then come back with a new name.

The thing is whenever you send bitcoins from your wallet to anywhere, there is no assurance that you will get them back. There are  legit services/exchanges but it's so hard to know which is which.

True. I lost a fortune with Mt Gox. Since i am very sceptic about exchanges.

what does mean a fortune for you? give some numbers.

[The Sceptical Chymist]

Cryptsy already turned scam. Say goodbye to your coins and move on.

Fuck that, that only encourages people to start exchanges and scam people. What this gentleman needs to do is get his coins back, however he can.  And yeah this could be to profit but probably not.  They're losing all of their customers because of this. There's not going to be any exchange left.