Quote from: GimoIng on March 06, 2018, 04:23:19 PM

Quote from: breakcrypto on March 06, 2018, 03:59:31 PM

I've seen your posts and I've tried to avoid responding but now you're calling people stupid who are trying to reason with you. If you'd like to have a discussion, fine, but if you're just here to engage in name calling and attempting to validate your own twisted opinion of things, then I feel I need to respond. As always, let me be clear: I wasn't on the $PAC team when all this happened but the market dynamics are universal.

There's no offense intended. but your statements of fraud are 100% inaccurate and only lead me to believe you aren't well versed in financial markets. Financial markets are often out of sync, even on the same exchanges. There's an entire industry called arbitrage ( https://www.investopedia.com/terms/a/arbitrage.asp ) and beyond that high-frequency trading ( https://www.investopedia.com/ask/answers/09/high-frequency-trading.asp ) that attempts to make gains by balancing those differences between exchanges. This is common on all markets and is part of how they actually work, the exchanges don't balance things, the market does.

I saw the spike in PAC and watched the market that day, I saw plenty of exchanges on other markets being moved over to Cryptopia for exactly that reason. People were arbitraging the exchanges. That's how efficient markets ( https://www.investopedia.com/ask/answers/032615/what-are-differences-between-weak-strong-and-semistrong-versions-efficient-market-hypothesis.asp ) work: when there's a price gap market makers move in and balance.

In regards to PAC, as plenty of people have stated, but for some reason plenty of people can't grasp: Cryptopia closed all of their LTC and DOGE pairs due to technical reasons. They didn't close just PAC, they closed all of them. This resulted in the lowest price for purchase on Cryptopia being 1 sat. The reason it was 1 sat is because Bitcoin only supports 8 points of precision ( https://bitcoin.stackexchange.com/questions/31933/why-is-bitcoin-defined-as-having-8-decimal-places ). You can't break a bitcoin down into a unit smaller than a single satoshi; instead, you have to use a coin of lower value and break that into smaller amounts.

Due to the markets closing, people made inefficient trades on Crytpoia (see above). They were perfectly valid trades, they were simply inefficient. I wasn't involved in $PAC at all at the time but it was easy enough to identify what the issue was. Coinmarketcap clearly showed that exchanges out of sync and Cryptopia was transparent about their closing of the LTC and DOGE pairs.

To sum up: markets are inefficient by nature. Two exchanges are inefficient, pairs between exchanges are inefficient. For example, right now there are price differences (on the same exchanges!) between trading pairs even for $PAC. That's true for BTC, LTC, ETH, etc. Pick any market that's traded in more than one place and there's a price difference. Differences in prices are not fraud, they're simply fact.

So, please read what is above, educate yourself further on markets, and then if you feel the need to comment, please do and if I can provide further information I'll do my best to do so -- as I always have. But simply claiming things are fraud and scams is a waste of everyone's time. Especially when the fraud you're alleging is a universal feature of all markets that anyone with a cursory understanding of market dynamics comprehends.

best,
break.

Sorry Break, coinmarketcap never put other exchanges out of sync except for a few hours, Cryptopia volumes were so high compared to the others that weighted average showed a price very close to that of Cryptopia.
In this the $PAC team could not do anything unless teach everyone how an weighted average works.
I personally bought 20 million PacCoin @1 sat price when they were climbing to 2!

So thanks guys, for all this. I have been reading and taking time to watch the videos posted in this and other threads. I have to be honest my conviction of everyone being a scammer was incorrect. I would like to apologize to all that felt offended by that.

I have been watching Abiel Ruiz' video and this cleared much up for me. I am going to be prompt here, i have bought at a wrong moment on the wrong exchange. You were all right, i didn't feel right losing money over night and it pissed me off but i see now it was my own mistake not the one of the pac team.

After seeing the new PAC Wallet app that's to be released soon i have decided to buy pac at the right moment, and bought pac coin against the current low price. I hope this coin will be awesome and my faith in this project is restored.

I'm sorry for the fudding, but i felt the team let me down. Fortunately thats now all in the past.