Quote from: aaron-lebo on March 07, 2014, 03:32:03 PM

Well, after a really fast start and getting up to 9000 satoshis, the price is falling fast on cryptsy. I also kept an eye on takeicoin and ultracoin which were just added, and neither have really spiked.

I guess getting added to cryptsy doesn't mean that much short term.

Cryptsy is the deathnell for coins.

There are 2 conflicting interests on opposite sides of the trade - miners and traders. (i.e. people who mined the coin before it went on Cryptsy and people who bought it).

Going on Cryptsy provides miners with the liquidity they need to offload the coin in large quantities - they don't care at what price. So Cryptsy is basically a 'dumping ground' for miners.

Look at the history of any coin from Worldcoin to Maxcoin. Going on Cryptsy is like falling off a cliff. The coin's best days are the one's just before it goes mainstream... http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=wdc-btc&market=cryptsy