Post
Topic
Board Announcements (Altcoins)
Re: [MRY] Murraycoin ▪ The Only Currency Worthy of the Name ▪ Info & Discussion
by
tatterz
on 06/04/2014, 05:41:56 UTC
For the love of God, I never understand why every single flippin coin community wants their coin added to cryptsy asap-or-else!!!. Cryptsy is the graveyard. Cryptsy prematurely ends the life-cycle of almost every coin. Why do you guys want this coin added to that site before we even have an endorsement from Bill Murray himself??

What makes things worse is the freakin stupid voting system (as if he doesn't get enough btc from fees). No longer do you have to research and spend time looking for your next targeted coin to invest in. Now, just check Cryptsy's voting page and you see whats the top demanded coin. It takes a lot of speculation out of a speculative venture

This is why I have seen every single flippin coin in the top of the voting list get a nice big price pump and then, as soon as the coin hits cryptsy, there is nothing but blood. The saying is "buy on the rumor, sell on the news." Essentially, this is translated to "Buy on the rumor of it being added to Cryptsy, and sell on its addition to cryptsy." We saw this with litecoin a few weeks ago. It was being added to huobi and there was a nice big ol' pump from $13 to $21 and the very second Huobi added it, it was dumped to all holy hell. Litecoin is now at $11, so that just proves that being added to the highest volume exchange does not have immediate impact except for a get-rich-quick type of pump and dump.

Seriously, guys...think before wanting this coin to hit cryptsy yet. Let's let this coin run its course before meeting an unwarranted and premature doom. The timing of being added to Cryptsy is hugely important.

Jesus

/rant