Paycoin (XPY) is scam

[ethought]

Do you have a link / reference for this?

The links are all in the article I provided:

http://qntra.net/2015/01/theymos-claims-josh-garza-is-sending-him-legal-threats-to-have-content-removed/

https://www.reddit.com/r/Bitcoin/comments/2r58kd/what_happened_to_this_subforum_all_posts_about/cnco6u3

Thanks  

[paycum]

made 30% yesterday, now bought a few btc at 0.0094, hoping to get another 30% today.

Sad to see its already at 0.0079. But of course YOU made a profit...

today not yet, but day is not over yet. bought some more at 0.0075, so a small raise to 0.0095 now is good for me. if not then i make a loss today...thats part of the game.

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

[DaveWave]

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

It's still the 5th biggest capitalised coin, suggests it may be somewhat over-valued. Remember Aurorocoin? It's gotta be the same value as that so that suggests a price of less than half a cent. You're very brave betting on the bounces in an obvious falling market.

[inBitweTrust]

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

It's still the 5th biggest capitalised coin, suggests it may be somewhat over-valued. Remember Aurorocoin? It's gotta be the same value as that so that suggests a price of less than half a cent. You're very brave betting on the bounces in an obvious falling market.

The bets are upon the credulity of the faithful because you can see them try scrambling to get money to buy up the coin on hashtalk. I don't like playing those games and think there is an element of cruelty to it. They are learning a very important lesson in economics either way.

Some of them have become even more resolute believing this is a war between paycoin and bitcoin when it never was and the "crocodiles" always existed within their own camp.

[paycum]

my tactic doesnt always work but if you dont be greedy and trade wisely (and if you are ok to take a small loss sometimes) its doable to make a small profit every day.

only advice i can give is to not trade to much btc for each trade. just do many small ones with 2/3 btc. so in case a massive dump starts exactly after you bought your coins you dont loose to much...and depending on coin you can buy more during panic sell...

i mostly check at sell side. people get scared when they see a 15btc sell wall, but most of the time that is someone who wants to trigger a sell off to accumulate more cheap coins. you can see that when it appears and dissapears almost automatically...

but maybe im wrong, im no expert but it works for me 60/70% of the times. a wise man told me: "never trade with emotions". basically that means dont look at what other people are doing, never sell during panic sell, think logical and set limits both for loss and profit. and most of all dont be greedy! ten times a small profit is also big money!

seems its stabalizes at 0.007 / 0.008 right now. sold half of my coins at 0.009 now waiting to see what happens as buy side is kinda poor right now as well. but 8btc to pump it to 0.013, so that means 70/80% profit... i just wait now, going to take a shower and check back in 3/4 hours...we will see what happens

[cassius69]

my tactic doesnt always work but if you dont be greedy and trade wisely (and if you are ok to take a small loss sometimes) its doable to make a small profit every day.

only advice i can give is to not trade to much btc for each trade. just do many small ones with 2/3 btc. so in case a massive dump starts exactly after you bought your coins you dont loose to much...and depending on coin you can buy more during panic sell...

i mostly check at sell side. people get scared when they see a 15btc sell wall, but most of the time that is someone who wants to trigger a sell off to accumulate more cheap coins. you can see that when it appears and dissapears almost automatically...

but maybe im wrong, im no expert but it works for me 60/70% of the times. a wise man told me: "never trade with emotions". basically that means dont look at what other people are doing, never sell during panic sell, think logical and set limits both for loss and profit. and most of all dont be greedy! ten times a small profit is also big money!

seems its stabalizes at 0.007 / 0.008 right now. sold half of my coins at 0.009 now waiting to see what happens as buy side is kinda poor right now as well. but 8btc to pump it to 0.013, so that means 70/80% profit... i just wait now, going to take a shower and check back in 3/4 hours...we will see what happens

your 'trading tips' arent as interesting as you think friend 

[paycum]

hehe no problem i will shut up then just wanted to show that instead of complaining its a scam, i think its better to play the game and make some money off it

[paycum]

made 30% yesterday, now bought a few btc at 0.0094, hoping to get another 30% today.

Sad to see its already at 0.0079. But of course YOU made a profit...

today not yet, but day is not over yet. bought some more at 0.0075, so a small raise to 0.0095 now is good for me. if not then i make a loss today...thats part of the game.

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

Good call  
What are the bots up to around 0.0096 on the sell side?

i honestly not sure now. looks like the worst sells are over but maybe one more down move before it goes above 0.01 again. but i have to leave now. hope i get some profit when i return

[inBitweTrust]

made 30% yesterday, now bought a few btc at 0.0094, hoping to get another 30% today.

Sad to see its already at 0.0079. But of course YOU made a profit...

today not yet, but day is not over yet. bought some more at 0.0075, so a small raise to 0.0095 now is good for me. if not then i make a loss today...thats part of the game.

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

Good call  
What are the bots up to around 0.0096 on the sell side?

i honestly not sure now. looks like the worst sells are over but maybe one more down move before it goes above 0.01 again. but i have to leave now. hope i get some profit when i return

Please stop derailing this thread and make a new thread concerning your daytrading behaviors.   A few comments are fine, but...

[SockPuppetAccount]

made 30% yesterday, now bought a few btc at 0.0094, hoping to get another 30% today.

Sad to see its already at 0.0079. But of course YOU made a profit...

today not yet, but day is not over yet. bought some more at 0.0075, so a small raise to 0.0095 now is good for me. if not then i make a loss today...thats part of the game.

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

Good call  
What are the bots up to around 0.0096 on the sell side?

i honestly not sure now. looks like the worst sells are over but maybe one more down move before it goes above 0.01 again. but i have to leave now. hope i get some profit when i return

Please stop derailing this thread and make a new thread concerning your daytrading behaviors.   A few comments are fine, but...

NOO!!!  I must know more.  This man is a genius!

So let's get this straight here.  You make profit every day by buying coins at a low price, and then selling them at a higher price?  Then (and this is really where my mind is blown the fuck into the stratosphere!) you take those coins and rebuy at a lower price and sell at a higher price for a 2nd time!??!!  GET THE FUCK OUT OF HERE!!  NO WAY!!  Is that even legal?  How many times do you think you could theoretically do this? 3? 4? 5? 6? 7? 8? 9? If you say 10 I call bullshit.  No way more than that.  I say if you do it more than 10 times its like the face of a penny getting worn down.  The coins start to rub up on each other too many times and 0s and 1s start to fall off and they get corrupted.

Does Wall Street know about this?  I know I'm not the only one shitting myself right now, but let's keep this type of stuff hush hush.  I hate to see those fat cat corporate elites gaining access to a tactic I am now officially naming "PAYCUM'S WEAPONIZED FINANCIAL URANIUM".

Fucking die already John Nash, you old worthless hack.  The Nobel Prize winner in economics every year now and forever will be paycum in my eyes.

[General_A]

made 30% yesterday, now bought a few btc at 0.0094, hoping to get another 30% today.

Sad to see its already at 0.0079. But of course YOU made a profit...

today not yet, but day is not over yet. bought some more at 0.0075, so a small raise to 0.0095 now is good for me. if not then i make a loss today...thats part of the game.

and check the sell side...we are currently in a panic sell. only 2btc needed to pump it above 0.01 again...so big chance whale is accumulating right now

Good call  
What are the bots up to around 0.0096 on the sell side?

i honestly not sure now. looks like the worst sells are over but maybe one more down move before it goes above 0.01 again. but i have to leave now. hope i get some profit when i return

Please stop derailing this thread and make a new thread concerning your daytrading behaviors.   A few comments are fine, but...

NOO!!!  I must know more.  This man is a genius!

So let's get this straight here.  You make profit every day by buying coins at a low price, and then selling them at a higher price?  Then (and this is really where my mind is blown the fuck into the stratosphere!) you take those coins and rebuy at a lower price and sell at a higher price for a 2nd time!??!!  GET THE FUCK OUT OF HERE!!  NO WAY!!  Is that even legal?  How many times do you think you could theoretically do this? 3? 4? 5? 6? 7? 8? 9? If you say 10 I call bullshit.  No way more than that.  I say if you do it more than 10 times its like the face of a penny getting worn down.  The coins start to rub up on each other too many times and 0s and 1s start to fall off and they get corrupted.

Does Wall Street know about this?  I know I'm not the only one shitting myself right now, but let's keep this type of stuff hush hush.  I hate to see those fat cat corporate elites gaining access to a tactic I am now officially naming "PAYCUM'S WEAPONIZED FINANCIAL URANIUM".

Fucking die already John Nash, you old worthless hack.  The Nobel Prize winner in economics every year now and forever will be paycum in my eyes.

[Bit_Happy]

The day-trading in Paycoin is extremely risky, and really profitable if you can handle severe bear market action.

Back on topic:
Are you ready for this scam topic to drag on for weeks/months?
There will be threads about people organizing complaints to the Feds, and many other threads every time GAW makes public statements.
(It's all so familar) Does the community actually like this stuff more than honest projects which would help BTC (and alts) grow?

[cassius69]

The day-trading in Paycoin is extremely risky, and really profitable if you can handle severe bear market action.

Back on topic:
Are you ready for this scam topic to drag on for weeks/months?
There will be threads about people organizing complaints to the Feds, and many other threads every time GAW makes public statements.
(It's all so familar) Does the community actually like this stuff more than honest projects which would help BTC (and alts) grow?

this community of scammers loves scams. people know they r buying into ponzis/scams and they dont give a shit as long as they can dump on someone else...

there are very few decent humans involved in crypto (besides you and me) 

[Bit_Happy]

The day-trading in Paycoin is extremely risky, and really profitable if you can handle severe bear market action.

Back on topic:
Are you ready for this scam topic to drag on for weeks/months?
There will be threads about people organizing complaints to the Feds, and many other threads every time GAW makes public statements.
(It's all so familar) Does the community actually like this stuff more than honest projects which would help BTC (and alts) grow?

this community of scammers loves scams. people know they r buying into ponzis/scams and they dont give a shit as long as they can dump on someone else...

there are very few decent humans involved in crypto (besides you and me) 

I miss the times here when the idealist libertarians had highly visible, interesting debates almost every day. Without the "huge mass" of speculators (starting in 2011) BTC would still be under 50 cents, but...
 
There is a big difference between seeking honest profits and running Huge theft (or ponzi) scams. Hopefully the "free market" will eventually attract more honest people who are looking to earn their wealth.

[General_A]

I miss the times here when the idealist libertarians had highly visible, interesting debates almost every day. Without the "huge mass" of speculators (starting in 2011) BTC would still be under 50 cents, but...
 
There is a big difference between seeking honest profits and running Huge theft (or ponzi) scams. Hopefully the "free market" will eventually attract more honest people who are looking to earn their wealth.

It could ultimately be a self-fulfilling prophecy too; with the nature of the community putting honest people with honest projects off; whilst the 'quick-buck to be made' reputation drawing penny-stock and novice investors in. Which in effect keeps the money flowing and tempts scammers appetites alike. Hopefully some good developments will be able to breakthrough this market and change the scene, but I think if recent trends continue we might be stuck here for some time to come.   

[inBitweTrust]

Are you ready for this scam topic to drag on for weeks/months?
There will be threads about people organizing complaints to the Feds, and many other threads every time GAW makes public statements.
(It's all so familar) Does the community actually like this stuff more than honest projects which would help BTC (and alts) grow?

Both can be accomplished simultaneously, but when paycoin becomes a penny coin there will be less updates. This may happen sooner than expected.

I miss the times here when the idealist libertarians had highly visible, interesting debates almost every day.

Not libertarian , but crypto-anarchist/agorist here, and I still am very vocal with my philosophy. This thread represents an anarchist solution(NAP) to minimizing corruption and punishing bad actors in society.

Jeffrey Tucker just wrote an excellent article on the subject:

http://tucker.liberty.me/2015/01/02/a-theory-of-the-scam/
 

[remonade]

Paycoin investor? Think you got scammed or defrauded? Lodge a complaint in the US and Canada.

http://www.antifraudcentre-centreantifraude.ca/english/reportit-howtoreportfraud.html

http://www.fbi.gov/scams-safety/fraud/internet_fraud

http://www.usa.gov/Citizen/Topics/Internet-Fraud.shtml

[Creampuff]

I miss the times here when the idealist libertarians had highly visible, interesting debates almost every day. Without the "huge mass" of speculators (starting in 2011) BTC would still be under 50 cents, but...
 
There is a big difference between seeking honest profits and running Huge theft (or ponzi) scams. Hopefully the "free market" will eventually attract more honest people who are looking to earn their wealth.

It could ultimately be a self-fulfilling prophecy too; with the nature of the community putting honest people with honest projects off; whilst the 'quick-buck to be made' reputation drawing penny-stock and novice investors in. Which in effect keeps the money flowing and tempts scammers appetites alike. Hopefully some good developments will be able to breakthrough this market and change the scene, but I think if recent trends continue we might be stuck here for some time to come.   

I think we'll be stuck here for some time yet. With a community of witch hunters Pump and Dumpers ect very few thing stand a single chance of succeeding before being shot down and trolled to death.

That being said I'm very excited for the year ahead, and I'm hoping for big things from Storj / Ether

Merry 2015 everybody \0/

[inBitweTrust]

I think we'll be stuck here for some time yet. With a community of witch hunters Pump and Dumpers ect very few thing stand a single chance of succeeding before being shot down and trolled to death.

That being said I'm very excited for the year ahead, and I'm hoping for big things from Storj / Ether

Merry 2015 everybody \0/

Well, I'm glad you are at least now pumping projects with genuine innovation. Have a great year as well.

[kekek]

I miss the times here when the idealist libertarians had highly visible, interesting debates almost every day. Without the "huge mass" of speculators (starting in 2011) BTC would still be under 50 cents, but...
 
There is a big difference between seeking honest profits and running Huge theft (or ponzi) scams. Hopefully the "free market" will eventually attract more honest people who are looking to earn their wealth.

It could ultimately be a self-fulfilling prophecy too; with the nature of the community putting honest people with honest projects off; whilst the 'quick-buck to be made' reputation drawing penny-stock and novice investors in. Which in effect keeps the money flowing and tempts scammers appetites alike. Hopefully some good developments will be able to breakthrough this market and change the scene, but I think if recent trends continue we might be stuck here for some time to come.   

I think we'll be stuck here for some time yet. With a community of witch hunters Pump and Dumpers ect very few thing stand a single chance of succeeding before being shot down and trolled to death.

That being said I'm very excited for the year ahead, and I'm hoping for big things from Storj / Ether

Merry 2015 everybody \0/

It's the trolls guise they're the only things preventing us from succeeding. Not the alleged shady business practices, alleged legal threats, the no floor events, it's just all the troll's faults guise.