Abort Cryptsy

[bigvern]

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've actually created a warning popup earlier today that alerts the user if they attempt to sell below top buy and visa-versa.   Now it tells you straight up whats going to happen.

BigVern

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[BitJohn]

nice addition vern

[fenican]

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've actually created a warning popup earlier today that alerts the user if they attempt to sell below top buy and visa-versa.   Now it tells you straight up whats going to happen.

BigVern

Excellent I think a warning suffices.  Do you do your own coding?  Very nice work on the exchange

[BitJohn]

Vern recently stated he will not be listing anymore coins that are not at least a week old and then after that only after talking to the dev. Good news Also yes vern does his own coding.

[spndr7]

I think its down since yesterday .

http://isup.me/www.cryptisis.com

[alani123]

I think its down since yesterday .

http://isup.me/www.cryptisis.com

It's https://www.cryptsy.com/

[sal002]

Vern recently stated he will not be listing anymore coins that are not at least a week old and then after that only after talking to the dev. Good news Also yes vern does his own coding.

Phew - I was having a hard time keeping up!

[BitJohn]

oh yeah poor sal musta been taking a toll on you

[diegodos]

Vern recently stated he will not be listing anymore coins that are not at least a week old and then after that only after talking to the dev. Good news Also yes vern does his own coding.

Where did you see that?

[BitJohn]

I mine all of verns pools and they have their own forums where he puts out the info for his pools and exchange.

[erk]

The market dictated the value of the coins. Vern simply instituted the mechanism for trading said coins. All the coins added since launch were due to petitioning by miners and/or coin developers and supporters. During beta there wasn't a single coin on the exchange that he didn't have a pool for. A free pool mind you. Of course bag holders are going to be upset when their coin-of-the-week gets massively devalued, penny stock holders probably feel the same way when their investments fall through. The market is decided by... the market. And as stated earlier, if a coin has merit it will survive. Of course, it's always easy to find fault when you look hard enough.

This is nonsense, the market is manipulated every hour of the day with carefully crafted buy and sell orders, you only have to have a look at the bots on Gox to see that. There are people that know what they are doing, and know how to take advantage of miners dumping new coins.

[BitJohn]

The market dictated the value of the coins. Vern simply instituted the mechanism for trading said coins. All the coins added since launch were due to petitioning by miners and/or coin developers and supporters. During beta there wasn't a single coin on the exchange that he didn't have a pool for. A free pool mind you. Of course bag holders are going to be upset when their coin-of-the-week gets massively devalued, penny stock holders probably feel the same way when their investments fall through. The market is decided by... the market. And as stated earlier, if a coin has merit it will survive. Of course, it's always easy to find fault when you look hard enough.

This is nonsense, the market is manipulated every hour of the day with carefully crafted buy and sell orders, you only have to have a look at the bots on Gox to see that. There are people that know what they are doing, and know how to take advantage of miners dumping new coins.

Crazy how people try to make poor vern a villain hes about the straightest shooter I have met in the coin world.

[JesstersDead]

The market dictated the value of the coins. Vern simply instituted the mechanism for trading said coins. All the coins added since launch were due to petitioning by miners and/or coin developers and supporters. During beta there wasn't a single coin on the exchange that he didn't have a pool for. A free pool mind you. Of course bag holders are going to be upset when their coin-of-the-week gets massively devalued, penny stock holders probably feel the same way when their investments fall through. The market is decided by... the market. And as stated earlier, if a coin has merit it will survive. Of course, it's always easy to find fault when you look hard enough.

This is nonsense, the market is manipulated every hour of the day with carefully crafted buy and sell orders, you only have to have a look at the bots on Gox to see that. There are people that know what they are doing, and know how to take advantage of miners dumping new coins.

The irony is that you pointed out yourself this happens on just about every other exchange currently available. Same thing happens in real world trading. People TAKE advantage of, and people get TAKEN advantage of. For everything sold anywhere, someone is making a profit and someone is losing a possible opportunity for more. Doesn't matter if it's a penny stock, a car, real estate, or as in this case, a coin. Saying it's not market dictated because some people are better at it than others is like saying the NASDAQ isn't a free market because Warren Buffet is better at it than everyone else. Look at oil. Nothing is more systematically price controlled. yet people are still willing to pay for it. People will pay or sell at the price currently dictated by the market. No more and typically no less. Why the price point is where it is at is irrelevant if someone is still willing to trade. Would you prefer some sort of oversight committee? Maybe some sort of centralized regulatory commission? Isn't that what crypto's are trying to stay away from at their fundamental core?

[whitedragon]

I'm kinda on the fence about liking cryptsy or not...but I use several of Big Vern's pools and they are all well run imho.  I don't think he'd be up to something scammy or shady with cryptsy.  Again, just my opinion.

[erk]

I'm kinda on the fence about liking cryptsy or not...but I use several of Big Vern's pools and they are all well run imho.  I don't think he'd be up to something scammy or shady with cryptsy.  Again, just my opinion.

It's not scammy, it just lacks some pretty obvious features for traders, like volume info, long session timeouts, and a trollbox  

I also find the candlestick chart style hard to read, but that's personal taste. I like the line charts on bitcoinity.org

Even when there is no price movement the candlesticks have a bit of wick sticking out each end, the ones on BTC-e don't, so they look cleaner easier to glance. Also get rid of all the zeros padding to the right of each number, it's just visual noise that hinders readability. When you look at a coin trade page on Cryptsy, the first thing you see is zeros all over the place hundreds possibly thousands of zeros that simply don't need to be there. I don't see the point in representing 2,000  as 2000.00000000

[JesstersDead]

I also find the candlestick chart style hard to read, but that's personal taste. I like the line charts on bitcoinity.org

+1 agreed.

[gica_contra]

Let's get real; 90% of alts are created for the sole purpose of mine and dump. The value of a currency is dictated by it's usability. That's why BTC is so high, LTC has some value, other coins drop like a stone as soon as pump support dissapears, a couple of hours after they hit an exchange. No real world use == no value.

[erk]

Let's get real; 90% of alts are created for the sole purpose of mine and dump. The value of a currency is dictated by it's usability. That's why BTC is so high, LTC has some value, other coins drop like a stone as soon as pump support dissapears, a couple of hours after they hit an exchange. No real world use == no value.

I agree with the first part, however I think the "drop like a stone" is because miners are clueless and just want a sale, they will try and sell at what ever the top buyer is offering. Traders on the other hand have a buy price they don't want to sell lower than, but exchanges like Cryptsy are full of miners selling, not traders selling.

[JesstersDead]

Let's get real; 90% of alts are created for the sole purpose of mine and dump. The value of a currency is dictated by it's usability. That's why BTC is so high, LTC has some value, other coins drop like a stone as soon as pump support dissapears, a couple of hours after they hit an exchange. No real world use == no value.

Couldn't agree more. BTC and LTC can actually be used as intended, as a form of currency. Hence their fairly stable valuation. Everything else thus far, with maybe the exception of FTC which can actually be used with some retailers, are simple investment commodities. Their only real value is a speculated one. A value which is pegged against similar investment commodities with similar speculated value. The problem I see, is that even an honest to god coin with every intention of breaking the mold will simply fall prey to the pump and dump flash mining mentality. For every 1 person with an actual vested interest in cryptocurrencies, you have 100 who are simply here to pay the electric bill, break even on the hardware, and buy a case of beer.

[sadface]

anyone lost a few words abour fees yet ? i mean that site just started and for that the fees are mighty high. maybe drop the fees for a promotional period to lure some btc in ?