Re: CRYPTSY stopping withdraw locking accounts without notifying users! Class Action
If there are big arbitrage opportunities that is A BIG RED FLAG - why? because either 1. you cant import coins, or 2. you cant withdraw coins. If the wallets are empty, then cryptsy employees or owners can simply put bids up to entice people to deposit btc (thinking they can take advantage of price difference). They then make the trade, but cannot withdraw. From experience, DO NOT TRY IT. you will get shafted. Again, not accusing or spreading FUD on cryptsy, this is general advice for any exchange.
I agree with your assessment. That is exactly why the spread in Doge price grows between Cryptsy and other exchanges. People are slowly realizing they can't withdraw BTC DASH and other coins, and are buying Doge to get it out, pushing the price up on Cryptsy and down on other exchanges when they convert back to BTC.
Is there an echo in here? (just read after penning my last post above)
DOGE was one of the "go to" coins while Vircurex was making its final dive..
Yes... good ole DOGE.. dooglus .. doggity (was it mergemined from day 1 ? ) DOGE ..
Yeah, that's a bit too much Hippie. I'm not sure how you make the connection. By the way, I have to say, if there is one person in the crypto community that has earned my respect, that would be Doog. I can cite many reasons why I think he is not the self-interested sock-puppeteer that you make him out to be, but I think for most of us, most such reasons are self-evident.
That is not to say that I completely disagree with your broader premise that most of the crypto world is driven by nothing but fear/greed. But then again, aren't all markets?
