Why does Vircurex trading prices more than any other excgange ?

[mohammedfaiz143]

Why the exchange price of all the coins on Vircurex is currently more than any other exchange ? 

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[pandher]

The btc withdrawls have been freezed, people are buying other coins to withdraw in some way leading to inflated prices. Its actually a trap of a dying exchange to sell their coins at high prices.

STAY AWAY

[gustav]

because deposit interest, freezing funds, gox, announcementspage check ... it is even on coindesk. Where do you get your info from?

[mohammedfaiz143]

The btc withdrawls have been freezed, people are buying other coins to withdraw in some way leading to inflated prices. Its actually a trap of a dying exchange to sell their coins at high prices.

STAY AWAY

Exactly as I thought .

[Equate]

on one hand , vircurex froze BTC withdrawals and on the other hand , many coins are being sold on inflated rates. Scamming at its best.

[brokedummy]

The btc withdrawls have been freezed, people are buying other coins to withdraw in some way leading to inflated prices. Its actually a trap of a dying exchange to sell their coins at high prices.

STAY AWAY

It's not the exchange selling the coins jackass

[pandher]

The btc withdrawls have been freezed, people are buying other coins to withdraw in some way leading to inflated prices. Its actually a trap of a dying exchange to sell their coins at high prices.

STAY AWAY

It's not the exchange selling the coins jackass

Why are you so sure that the exchange isnt profiting from this scam? It was fucking set up

[djnocide]

Poloniex got hacked a months ago and decided to do what vircurex is doing. I don't know why it would be dying, right now panic it has created they must have made some coins from the trading fees. If the trading continue like that they'll have covered their loss in no time.

[MAbtc]

Poloniex got hacked a months ago and decided to do what vircurex is doing. I don't know why it would be dying, right now panic it has created they must have made some coins from the trading fees. If the trading continue like that they'll have covered their loss in no time.

Or they will be crippled by the mass exodus.

[ebliever]

Poloniex got hacked a months ago and decided to do what vircurex is doing. I don't know why it would be dying, right now panic it has created they must have made some coins from the trading fees. If the trading continue like that they'll have covered their loss in no time.

That's what I'm hoping... (sitting tight hoping I can get my recent BTC deposit out of Vircurex intact).

A large majority of my mining revenue is now locked up there. I googled Vircurex before ever using them, but didn't pick up on any issues. I liked the "interest rate" you earned on deposits (they shared out 15% of their transaction fee earnings to depositors, which worked out to something like 3% annually when I checked it. This seemed reasonable to me, not a sign of trouble or desperation. So I took the bait.

Lesson learned: Stick to wallets, don't trust exchanges any further than I absolutely have to. This is ridiculous though. It's not a problem with cryptocurrency itself, but with incompetent security. It seems like the problem is 100X worse than with fiat banks - why? Why do cryptocurrency exchanges seem to be hit dramatically more often than the average bank? Is there some inherent reason why cryptocurrency exchanges will be more vulnerable than fiat banks, or is it just a matter of not enough time and funding for them to have gotten up to speed with their security?

Or is it because hackers are just more focused on crypto than hacking fiat banks?

Sigh.

[Nxtblg]

The btc withdrawls have been freezed, people are buying other coins to withdraw in some way leading to inflated prices. Its actually a trap of a dying exchange to sell their coins at high prices.

STAY AWAY

Exactly as I thought .

Yep. Inflated altcoin prices are a thinly-disguised discounting of the BTC that are in Vircurex's system, sorta 

[rokkyroad]

 Crappy old coins selling high. Ltc was down to .019. Vtc was up to .048.

They just went down so I'm assuming they are confiscating funds and setting up user's allowances. Hope it works out. It has been a decent place to trade.

[djnocide]

back up and you can withdraw, all the prices are back to normal

[jrrsparkles]

back up and you can withdraw, all the prices are back to normal

Let's hope this is the end of their troubles! I enjoy their no-frills, easy to navigate interface.

[ebliever]

I agree. And their revenue-sharing. I got 15000 satoshis today and 14000 yesterday, nice that they didn't disable that or confiscate it for their troubles. Looks like they want to hang in there. I want to give them that chance.

[Raxe.io]

I agree. And their revenue-sharing. I got 15000 satoshis today and 14000 yesterday, nice that they didn't disable that or confiscate it for their troubles. Looks like they want to hang in there. I want to give them that chance.

I support that we should give them a chance, the freezing of accounts was extremely premature though and impacted us as users, however they have been running a great and long running established service. I have not heard any complaints about them. They are a young business and this is a mismanagement of finance which can be repaired.

[ebliever]

I do wish their was more information on their site - more communication about their efforts to upgrade security, provide transparency with audits, and their plans for future upgrades and opportunities. Not to mention they need to add more coins! It would all be good advertising for them to simply communicate better.

[markm]

More coins is a horrible idea unless they choose very good coins and also get rid of the accumulated garbage coins they still have such as worldcoin and digitalcoin both of which have such insanely pathetic hashrates that they are ridiculously insecure blockchains.

Would be nice of they would fill out the SHA256 merged mined family though sicne those seem well able to maintain good high hash rates once they are on an exchange thus merged mining pools have reason to include them in their merge.

-MarkM-

[rokkyroad]

I would not say they are back to normal. They left my little bit of btc alone but they have " Frozen "  all of my litecoin.  I could have lived with half but every gawd dammed one of them is bullsh*t.

[mohammedfaiz143]

well they definetly need to add some hyped coins .