I took a look on Cryptsy in the Coin Voting Section. I noticed that Cryptsy has USD now and has the votes registered to show the voting progress. I don't see any Voting for CryptCoin. This seems suspicious. How can this coin be added so quickly and the first post here is about the time Mining started. Then suddenly shows up on Cryptsy a few weeks later. I wonder if Cryptsy may be in on this Fraud? They didn't halt trading when the fraud was perpetrated and the coin was sabotaged. One of the admins commented to me that coins get pumped n dumped all the time. Yeah so why list them especially without a vote? The timing on this whole deal is too convenient.
What was the big hurry to get listed on Cryptsy without working Anon or Hard to Trace? Why would they want investors to be forced to speculate? Unless they really want speculation.
I think that all the investors got duped on this Coin. Unless you believe there is a Coin in Coincidence but I also see a Con in Coin.
I hope I am wrong, but there is just too many glaring red flags. Prom3theous was always on the Troll box at Cryptsy, vanished now.
All it takes is a good amount of BitCoin and large orders of CryptCoin placed by their own accounts. So lets say the perpetrators of this fraud have 10,000 Crypt and 20 BTC, they place sell orders of Crypt with one account and then use another account to buy those orders. Then relist the Crypt even higher and buy back with the other account again, repeat this over and over until the price goes up substantially. They will be buying their own Crypt Coin and being issued their own BTC back and forth minus a trade fee. Some real buyers can get in on the action and they still make profit since the Crypt Coin was free and mined at the Insta-Mine 500 Block reward level. So 10,000 Crypt could be closer to 100,000 easily. Since they know their Sell positions to buy back their own coin at they will always come out ahead.
Then they sell off to all the built up orders to buy lower which doesn't really matter since it is all free BTC at that point since coin value is fake and created by demand which in this case was false demand created by them buying their own coin.
Trade restrictions need to be implemented at the exchanges or any suspicious activity halted. If not then we have every right to implicated the exchanges in these P&D schemes. Especially since it seems like Cronies got this coin listed.
Turn the CryptCoin Logo Clockwise a quarter turn to reveal the hidden message to everyone. They Flipped us the Bird and Flipped the Coin for profit.
Since Early,
CryptoNick
Yeah, the lead dev hasn't even been active on this thread in 10 days, he musnt care too much about this coin.
looks like pr0m3theus2013 was using a bot with 60btc to create all that volume (if the leaked chatlogs can be believed) , just selling to itself over and over.
Exactly! No word at all from the perps or the Devs, the only thing golden about this coin is the Silence!
If I were the Dev I would have had one go around with the Fudders just as a point that they can quite their dissenters. But they let it rage on. MindFox is the only one responding and is merely a paid contractor.