Re: [ANN][Exchange] Latest Cryptsy Additions, News and announcements

+SAV
SavingCoin please

I'm urging you not to add SavingCoin -- at this point, these junk coins are devaluing this entire market. Each time one of these things is added, the same dev and his buddies are dumping their holdings and moving on to the next scam. By listing these coins, investors are losing trust in the entire market.

Notice how the ELP thread completely died the second ELP was listed on Cryptsy? No more daily bumps/etc -- all of those goons dumped their ELP into the laps of unsuspecting investors and moved on. This same scam is happening over and over again...and the SAV people are the exact same ELP people. Elephantcoin is now in the bottom 5 for mining profitability (just as I predicted.) There's no way you made enough money listing ELP to make it worth discouraging anyone that bought ELP from trading/investing in altcoins. You're shooting yourself in the foot!

I know you're in this for profit...but your profits will start to suffer if people (completely) stop taking altcoins seriously. At this rate, we're merely a few months away from the bottom potentially falling out here. It's already growing difficult to mine for a profit after power costs...and part of the reason is that these garbage coins keep getting listed on Cryptsy. As soon as I'm losing money, I'm going to stop mining...and most big miners will follow.

You have to draw a line now -- we need to see some innovation in order to list a currency on Cryptsy and not just the same crap over and over again. You can't let these idiots continue to get away with ripping everyone else off.

I'm telling you...if you think you have a good thing going here and want the success to continue...either take my advice or brace for impact. PM me if you need more details.

For every seller there is a buyer, the coins just dont go out of circulation because miners get rid of them. When a coin becomes unprofitable to mine, the difficulty drops to I prove it's profitability again, with the exception of coins like CHNcoin that get stuck at high diff for months (there is a fork coming to fix that) most of the coins are roughly similar, they have their groups of fans that keep trading. If trade dies, then eventually Cryptsy will drop the coin to remove clutter, so I wouldn't worry right now.

Look at ELP - those same goons are behind Valuecoin, SAV, ASC, and others. They are also the ones begging to get these coins listed. The only buyers are uneducated/new...and as soon as these things are listed the price spikes, everyone dumps, and the buyers get screwed. Sure they should have done their homework first...but why even bother listing this crap and supporting the scammers? Cryptsy is having enough problems with micro-sellers/multi-miners/etc and they should be pruning the exchange instead of adding more crap. Most people trading on cryptsy are not professional traders and they're left holding the bag because they didn't know better.

Quality control at the top altcoin exchange is important at this critical time or else altcoins in general will fail -- trust me. If any scammer can make a coin, get it listed on Cryptsy by making a bunch of fake accounts to post with and/or paying others off to assist, and then rip off uneducated buyers there is a real problem. What is the point of all of these clones? As soon as they get listed and dumped they are completely abandoned and it keeps happening. Just because there are enough suckers to make the scam work doesn't mean we should be enabling the scammers. A line has to be drawn -- it's getting a bit ridiculous.

The copy/paste coins have to stop (even the ones that aren't scams from this point forward) - this entire market is quickly becoming a joke and I'd hate to see everything collapse.