Post
Topic
Board Trading Discussion
Re: BEWARE OF CRYPTSY MANIPULATING NEW COINS- VERTCOIN SCREWJOB!!
by
Zer0Sum
on 18/05/2014, 17:53:31 UTC
CRYPTSY cannot be trusted. Let's boycott them!

Their trade reporting is comical...
And, considering all the sexy noises about "registration", totally illegal in the USA...
Because it's impossible for a reasonable person to do their taxes based on Cryptsy "reporting".

Last 200 trades/50 trades with no download option? oh really? For alt trading?

Cryptsy trades are ultra-fragmented due to heavy API use...
So a tiny 0.01 BTC order for any given alt can end up being 20 micro trades...
There is no reasonable way to reconcile anything... seeing a trade from a week ago for me is impossible.

This is deliberate. These people know exactly what they are doing.

The 0.2 and 0.3% fees are a pittance, maybe < $500/day...
The ONLY real money and Business Model = Listing Fees and Market Manipulation.