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Author Topic: Abort Cryptsy  (Read 14256 times)
fenican
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May 24, 2013, 10:12:48 PM
 #41

I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.

I do not believe it is executing orders correctly.  If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order.  Vern insists this is "by design" but I disagree.

For now, I think we will be better off doing peer to peer exchanges on this forum.
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May 24, 2013, 10:20:37 PM
 #42

I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.

I do not believe it is executing orders correctly.  If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order.  Vern insists this is "by design" but I disagree.

For now, I think we will be better off doing peer to peer exchanges on this forum.


Perfect!!

i agree with you maybe he wants kill all altcoin or he isn't smart too see that

crypt0maniac
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May 24, 2013, 10:23:31 PM
 #43

I was trading on Betfair for long time, and this is ridiculous !
Order should be executed at maximal available price !
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May 24, 2013, 10:24:20 PM
 #44

What you are looking for is a "Market" order option, which is coming out this weekend.

BigVern
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May 24, 2013, 10:25:12 PM
 #45

What you are looking for is a "Market" order option, which is coming out this weekend.

BigVern

Isn't that one of the most basic, basic kind of orders?
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May 24, 2013, 10:25:38 PM
 #46

I was trading on Betfair for long time, and this is ridiculous !
Order should be executed at maximal available price !

Should you take the maximum seller price or the maximum buyers price,   each would prefer the others.

Like I said, for the case that was originally listed, he was wanting a Market Order, which is coming out soon.


BigVern
crypt0maniac
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May 24, 2013, 10:30:16 PM
 #47

Market order is somethig different...
fenican
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May 24, 2013, 10:38:58 PM
 #48

vern,

open an account on bter or btc-e and put in a SELL order for .000001 on any coin.  It will match you against the highest buy order in the stack, then the second highest, etc... until you are completely filled.

That is what a seller expects.  He does not expect to fill at the illusory price
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May 24, 2013, 11:08:48 PM
 #49

No altcoin was killed, only value dropped.

This. The only thing about Cryptsy  is it's been adding new alts faster than other exchanges, so these new coins have even less time to build up interest before they get pumped and dumped on an exchange. Thus, the downward spiral just starts up quicker. That's not a fault of the site though. It's a free market - if these coins can't withstand that then too bad.

Long-term, if the coin has actual merit, it will survive.

i said it all about a month ago ha ha - its strange being involved with a group that doesn’t understand 50 % of the aspect of their own entity?

tiny rick !
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fran2k
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May 24, 2013, 11:41:54 PM
 #50


Let's face it. We don't like Cryptsy because make us to Dump to soon.

If you're really worried DDoS them. Or we can collect bounties so they don't put the coin into the exchange.

Who is 'We"? This is one of the most ridiculous statements I have seen posted. And you would resort to crime to support misguided beliefs. Truly pathetic.

I was not being serious of course.

All this shitty alt coins could be banned out of the forum as in the old times of btctalk.

We should invest our time in creating worthful alts. As I think is the NooScript's one or others.

Scams like de PXCs or others are only damaging the community.
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May 24, 2013, 11:48:28 PM
 #51

I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.

I do not believe it is executing orders correctly.  If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order.  Vern insists this is "by design" but I disagree.

For now, I think we will be better off doing peer to peer exchanges on this forum.

Wow, that is HORRIBLE design!!
TheSwede75
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May 24, 2013, 11:49:51 PM
 #52

I was trading on Betfair for long time, and this is ridiculous !
Order should be executed at maximal available price !

Should you take the maximum seller price or the maximum buyers price,   each would prefer the others.

Like I said, for the case that was originally listed, he was wanting a Market Order, which is coming out soon.


BigVern

Seriously, NO exchange in the world uses such a horrible model that it executes below highest ask. You have to be joking right? ONLY reason for this is so that people can 'use' this flaw if they know about it.
YaCoinYeah
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May 24, 2013, 11:56:40 PM
 #53

I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.

I do not believe it is executing orders correctly.  If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order.  Vern insists this is "by design" but I disagree.

For now, I think we will be better off doing peer to peer exchanges on this forum.

Well said Smiley
jasonslow
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May 24, 2013, 11:59:48 PM
 #54

I think Cryptsy is interesting experimental software but, unfortunately, it is beta quality and has distorted markets unfavorably.

I do not believe it is executing orders correctly.  If, one example, you put in a sell for .00000000001 it will execute it at that price regardless of whether there is a matching higher buy order.  Vern insists this is "by design" but I disagree.

For now, I think we will be better off doing peer to peer exchanges on this forum.

Well said Smiley

But, It doesn't change the facts that PXC is still a fail coin.
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May 25, 2013, 12:10:43 AM
 #55

I've never seen such a blind gang, have you noticed that most of the anti-alt coin rhetoric has disappeared? And then somehow, a record breaking alt-killer adds coins on a daily basis? real sites wait and watch to see a coins future, eg btc-e and gox, even bter is more cautious after the cnc fiasco. You guys maybe mine a coin worth something today, then tumar you guys are trading at an average of 30 ltc per 1k, then jus because the "official " site says 1 ltc per 100000, you all folow their lead. You are letting yourselves be convinced that your product is worthless, but wait and see in a month, they will sell you your coins at current docs prices or higher. it's your loss anyway, this is a community of open ideas, try yours, i'll work with mine. Sound mnd, sound decisions, RESOUNDING profits.

Hanzi Big Vern, who is big vern to value your product? So what if the man has pools? are all his pools free? NO! everyone wants to profit and pay the bills. Once you realise tz a dog eat cat world, you'll be more canine.

Actually, yes, my pools are free.   I don't set the value on the market, the users do.

BigVern
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May 25, 2013, 12:30:33 AM
 #56

I've never seen such a blind gang, have you noticed that most of the anti-alt coin rhetoric has disappeared? And then somehow, a record breaking alt-killer adds coins on a daily basis? real sites wait and watch to see a coins future, eg btc-e and gox, even bter is more cautious after the cnc fiasco. You guys maybe mine a coin worth something today, then tumar you guys are trading at an average of 30 ltc per 1k, then jus because the "official " site says 1 ltc per 100000, you all folow their lead. You are letting yourselves be convinced that your product is worthless, but wait and see in a month, they will sell you your coins at current docs prices or higher. it's your loss anyway, this is a community of open ideas, try yours, i'll work with mine. Sound mnd, sound decisions, RESOUNDING profits.

Hanzi Big Vern, who is big vern to value your product? So what if the man has pools? are all his pools free? NO! everyone wants to profit and pay the bills. Once you realise tz a dog eat cat world, you'll be more canine.

Actually, yes, my pools are free.   I don't set the value on the market, the users do.

BigVern

This ^ I did go and check my records to the pools and they add up. He is not trying to devalue any coins. Quite the contrary if he is listing it on an exchange out of his OWN resources. Get real people.  Roll Eyes

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BitJohn
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May 25, 2013, 12:36:06 AM
 #57

Yeah vern has a vested interest in ALT's I use the exchange pretty exclusively now. Have no issues.
fenican
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May 25, 2013, 12:43:28 AM
 #58

vern seems like a great guy and Cryptsy has lots of potential just need to align its trading behavior with the other sites

I don't actually mind using the site now that I understand how the site executes trades.  Just advise everyone to be VERY careful when keying in sell order prices.  What you type is what you'll get regardless if there are higher buy orders in the queue.
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May 25, 2013, 12:51:08 AM
 #59

vern seems like a great guy and Cryptsy has lots of potential just need to align its trading behavior with the other sites

I don't actually mind using the site now that I understand how the site executes trades.  Just advise everyone to be VERY careful when keying in sell order prices.  What you type is what you'll get regardless if there are higher buy orders in the queue.

I also like the site, but this matching rule should change. I've never seen any exchange match like that.

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May 25, 2013, 12:53:42 AM
 #60

Worthless coin gonna be worthless.
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