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Author Topic: Whats the story with paycoin?  (Read 2073 times)
Creampuff
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December 23, 2014, 03:11:46 PM
 #21

WTF, it was near the top of coinmarketcap earlier this week and now it's not even on the first page. It went from near the top to 260th place in less than a week!

http://s12.postimg.org/iculh75cd/pay.png

Why do you think we call it a scam ?

You call it a scam because coinmarketcap got their figures wrong... amazing work there!
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EvilDave
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December 23, 2014, 03:40:43 PM
 #22

Yeah...it's really strange these days how CoinMarketCap always seems to get their numbers wrong.

A more cynical person than me would suspect that some coins deliberately under-represent their true totals at launch, and then later correct that figure once a reasonable market price has been set for the coin. Result: massive jump in apparent market cap, without any of that nasty pumping business. Or delivering anything useful........ Shocked

The best bit is that the market (yeah, us.) always falls for the trick, at least so far. Maybe PayCoin won't get away with it, but almost no-one looked twice when Ripple and Bitshares did it. (Ripple even did it twice, ffs.... Roll Eyes )

Shit, if the US government decided to make everybody twice as rich, by printing twice as many dollar bills.....what do you think would happen?

 

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December 23, 2014, 05:45:33 PM
 #23

WTF, it was near the top of coinmarketcap earlier this week and now it's not even on the first page. It went from near the top to 260th place in less than a week!



Its called a pump 'n dump.

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December 23, 2014, 06:45:33 PM
 #24

i have seen many threads about paycoin scam
some users claims that it was launched by gawminers
others say its just another pump and dump scam
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December 23, 2014, 07:56:04 PM
 #25

Are you talking about XPY here? Where did you get this chart? XPY wasn't even trading on December 8. (started on the 16th).
The price is 0.036 BTC
http://coinmarketcap.com/currencies/paycoin2/



Yeah, but whats odd is i cant see it on the CMC charts anymore.
What position is it currently at? It was around #3 the other day.

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December 23, 2014, 07:59:03 PM
 #26

Yeah, but whats odd is i cant see it on the CMC charts anymore.
What position is it currently at? It was around #3 the other day.


548 until those unaccounted for coins are found.

http://coinmarketcap.com/all/views/all/

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