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PSA: Stop using Crypsty Right Now.

The problem is that one of the other posters in that Reddit thread was right. You just can't beat Cryptsy for their volume. I'm sure when the profit switching pools cash out, they pretty much have to rely on Cryptsy... it's the only place with enough volume to cover their sell orders without having to drop the price real low by selling into every buy order available or wait for hours for the order to fill.

When I go to buy/sell something like DOGE, I may want to transact 500,000 or 1,000,000 coins at a time and I want it at X price and I want it now before the price changes too much. Cryptsy is probably one of the only places with that sort of volume. Saying "Don't use it" isn't really an option.
 
They sound terrible. If more people left, more volume would be moved to other exchanges.
 
Cryptsy has always been borderline useable and just has the feel of Mt. Gox written all over it.

Sure they have every crap coin under the moon, but their system is slow, and has burned quite a few people because part A doesn't work with part B, and so on. If people are having consistent problems like this, I don't even want to imagine what the security is like.

I did a few trades on there maybe 2 or 3 months ago, I remember regularly having problems just accessing my account after a week or two of that I pulled all my coins and went elsewhere.

It reeks of Mt. Gox all over again, and like Gox there are warning signs like this. If the exchange blows up in a month or two due to sheer ineptitude, well you were warned.
 
You'd think if this was a consistent problem, there would be more people saying something about it.

It's funny that this problem gets publicized and people start comparing it to Gox. LOL. Over react much? :rolleyes: I agree Cryptsy could handle it better, but this isn't exactly a Gox scenario... stop blowing things out of proportion.

Cryptsy may be attempting to grow faster than their infrastructure can allow, but at least they've taken care of things rather quickly. Ever since their early days when deposits and withdrawals would take days, they've been consistently upgrading and improving.

Stop using Cryptsy if you want, but I'm going to continue using them because, IMO, every OTHER exchange seems too amateurish and lacks the volume needed to execute quick trades. It sucks, and I wish there was an alternative myself. But that's the way things are, take it or leave it.
 
Absolutely no issues here with Cryptsy. Heck I've even stopped calling them Craptsy!
Seriously, I think I have had one slow withdrawal over the last three months.

Just my experience and nothing more.
 
Just don't keep large sums of coin on cryptsy. Exchange and gtfo.
 
_r2h said:
Just don't keep large sums of coin on cryptsy. Exchange and gtfo.
Click to expand...

Well, you see now, there's another catch. If you don't keep the coins on Cryptsy, given the amount of time it takes to transfer them there (especially, given their volume, if something is being pumped at the time, the delays that could ensue), one could miss all of the action. I've been burned like that already... so for coins like DOGE, I'm keeping them there for the event that it gets pumped which has a chance to happen within the next few weeks, if it even happens at all.

I do, however, believe in withdrawing coins for long term storage.... and I do encourage everyone to remove what they don't need on the exchange.
 
I'm actually in the process of liquidating all my coins to BTC. Tired of a trillion wallets lol

Edit: except Riecoin. Because awesome.
 
collegeboy69us said:
Cryptsy has always been borderline useable and just has the feel of Mt. Gox written all over it.

Sure they have every crap coin under the moon, but their system is slow, and has burned quite a few people because part A doesn't work with part B, and so on. If people are having consistent problems like this, I don't even want to imagine what the security is like.

I did a few trades on there maybe 2 or 3 months ago, I remember regularly having problems just accessing my account after a week or two of that I pulled all my coins and went elsewhere.

It reeks of Mt. Gox all over again, and like Gox there are warning signs like this. If the exchange blows up in a month or two due to sheer ineptitude, well you were warned.
Click to expand...

The same can be said of all exchanges, you don't know when they're going to go tits up. I don't leave coins on exchanges, and still got hit by the Vircurex blunder as they disabled withdrawls just as I finished making a trade.

As for Cryptsy, they've had some weird issues with negative balances in the past and people being able to withdrawl more BTC than what was on their account. I don't trust them, but I will continue to use the site since there's not a whole lot of options for high volume alt trading out there.
 
XViper said:
Now this is something I would love to have as well.
Click to expand...

I think the problem would be the blockchain. A BTC wallet blockchain is around 15GB now I think. Add in all the others and you have a massive amount of data to sync.

Only ones capable of it would be the Enumerate (sp? Forgot the name) app which stores the chain on a server that the wallet app checks against.
 
MultiBit doesn't download the whole blockchain either. I'm not entirely sure how it works, but I believe it only downloads the parts that correspond to transactions involving one of your wallets.
 
Parja said:
MultiBit doesn't download the whole blockchain either. I'm not entirely sure how it works, but I believe it only downloads the parts that correspond to transactions involving one of your wallets.
Click to expand...

Yeah. I only found the BTC one because I was installing it to a VM and it requested 15Gb of data for the chain. Hardly portable.
 
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