Can you guys please explain how to use the autosell feature used on cryptsy and how do I use it to make a profit? Thanks for your time
When autosell is enabled through your Account Balances page, all coins that are deposited into that specific coin's address will automatically be sold at the sell setting that you choose. You can choose to make it sell at the current sell price, instant sell at the current buy price, etc. But they do charge an extra 0.1% fee.
Only new coins deposited while it is enabled will be automatically sold, existing coins in your balance would not. This would be useful for mining payouts and selling the coins immediately into Bitcoins to prevent holding on to devaluing coins.
