Show Posts
|
Pages: « 1 2 [3] 4 5 »
|
Reverse head shoulder Long $2.22 Then 0.000685+ Inverse H & s completed at $2.27 Hope you got in. It was a good "entry point". But today's market correction also allows you to successfully invest in Цaves. Today's price is $ 2.42. $3.35 tonight, complete right shoulder $2.9 then $6+ After this w3 impulse it's a macro economic play which can cause deep retracement sub $2 if overly negative as was 2020 or shallow retracement mid $2 if positive. Overleveraged waves in the present is risky for liquidation in w4. Not so easy to time exit. Wave 5 will be above $50, possibly triple digit if everything goes according to plan which it may or may not because this is a high risk investment instrument. Do you have chart for your analysis? I don't see inverse H&S. I can see double bottom, maybe triple bottom, but both are broken now. Some Fibonacci levels might happen. Macroeconomic analysis and connection with coins makes no sense to me at all despite the facts that many articles are trying to find such relationships. Momentum is very slow I expected a stronger push upwards, any bad macro news will draw down markets with waves sub $1. There is no divergence on my waves daily chart. At same "normal" instruments at this moment and this positions on the chart that could be quite good position to enter (yesterday's close price was a little good, but current price development can dispute me). But this is waves chart, and nobody could be quite sure at anything at the chart at all. History of waves don't have nice charts for me. I think price/charts is controlled by those who can control that price and they control it.
|
|
|
Reverse head shoulder Long $2.22 Then 0.000685+ Inverse H & s completed at $2.27 Hope you got in. It was a good "entry point". But today's market correction also allows you to successfully invest in Цaves. Today's price is $ 2.42. $3.35 tonight, complete right shoulder $2.9 then $6+ After this w3 impulse it's a macro economic play which can cause deep retracement sub $2 if overly negative as was 2020 or shallow retracement mid $2 if positive. Overleveraged waves in the present is risky for liquidation in w4. Not so easy to time exit. Wave 5 will be above $50, possibly triple digit if everything goes according to plan which it may or may not because this is a high risk investment instrument. Do you have chart for your analysis? I don't see inverse H&S. I can see double bottom, maybe triple bottom, but both are broken now. Some Fibonacci levels might happen. Macroeconomic analysis and connection with coins makes no sense to me at all despite the facts that many articles are trying to find such relationships.
|
|
|
This small exchange Altsbit.com recently hacked does refunding funds/coins/assets as much as possbiel: https://altsbit.com/All Cryptopia should do at the refunding its clients is to follow what Altsbit trying to do. They same way. I will accept that as maximally fair.
|
|
|
The problem is:
1.4 million account holders don't do anything about protecting their assets/properties/coins.
1 company (Cryptopia) owners do everything to liquidate its company. They even did (?) paying dividends to themselves despite they knew they were hacked and lost some percent of coins from their clients!
There is no need for the political decisions in the parliament at all. Cryptopia lost some values/assets/coins from their clients, and it should be considered responsible for that clients losses. They/owners shoudn't pay dividends to themselves!!! They had to return clients assets to the clients, nothing more or less (I could accept some loss proportional to the hacked coins).
Of course, 1.4 million clients (including me) will not do anything for protecting their assets. Cryptopia owners and hired liquidators will take it enough (money, not all). They are professionals and they act as a professionals, and clients are definitely not.
|
|
|
Did owners get dividends or decide to get dividends when the plans for the liquidations are approaching so soon? If dividends were not paid out, where is the money for those dividend payments now? How will money for dividends be used? Who will use that money and for what? Who will decide about using that money? How to return that dividend money and share it to the clients/traders/users (us) of the exchange? Quote from upper link: " Despite the growing pains and personality issues, Cryptopia, in March 2018, could look back on a phenomenal year.
The company had made $30m in trading fees, $8m in coin listings and $10m from staking income. Some of the income was in cryptocurrency. Operating expenses were running at $28m of which $640,000 had gone in charitable donations, $1.5m on security infrastructure, salaries of $1.2m, $500,000 on consultants and staff gifts of $57,000.
The company recorded paying dividends to the shareholders. On the books Clark and Dawson got about $2m each and Intranel received $1.9m. Both Clark and Dawson would later say they did not receive any money although that is disputed."
|
|
|
By Investopedia: https://www.investopedia.com/terms/l/liquidator.asp DEFINITION of LiquidatorIn the most general sense, a liquidator is a person or entity that liquidates something. More specifically, a liquidator refers to an officer that is specially appointed to wind up the affairs of a company when the company is closing. Assets of a company are sold by the liquidator and the resulting funds are used to pay off the company's debts. The liquidator is legally empowered to act on behalf of the company in various capacities. BREAKING DOWN LiquidatorA liquidator is a person legally empowered to act on behalf of a company to sell the company's assets prior to the company's closure in order to generate cash to pay off debts. Liquidators are often used when a company goes bankrupt. One of the chief functions of many liquidators is to bring and defend lawsuits. Other actions include collecting outstanding receivables, paying off debts and finishing other corporate termination procedures.
|
|
|
What is liquidator?By this link: http://www.businessdictionary.com/definition/liquidator.htmlPerson appointed by the shareholders or unsecured creditors, or on a court order, to manage the winding up of a firm by selling off its assets. Most countries require a suitably qualified liquidator. On appointment, the liquidator assumes control of the business, collects and auctions off its free (un-pledged) assets in a reasonably short time, pays the unsecured creditors from the proceeds of the sale, and (if any money is left) distributes it among the shareholders in proportion to their shareholdings. In the UK, also called an insolvency practitioner. Where are OUR ASSETS (coins) in this definition?We should have the highest priority in front of any exchange's shareholders! Do you understand why exchange's biggest owners/shareholders have chosen liquidators? I wish I am wrong in my understandings.
|
|
|
Why do you think liquidators should decide about things which are not part of the Cryptopia's assets?
I don't want that anybody decide about my asset except me!
I want all coins which are at my portfolio. I don't want fiat.
I did not accredit any liquidators to work with my coins.
I want to decide what to do with my coins, and that is my right.
|
|
|
I read that at the MtGox exchange case every client of that exchange had options to decide: 1. to be paid in USD or JPY (court sold 10-20% of found bitcoins) 2. to be paid in found bitcoins
Those options are very fair.
Process still lasts, and at this moment no client is paid by found bitcoins or by fiat money, as I know.
|
|
|
In few last months all other coins, especially those coins which blockchains were fully synced, were discriminated against Bitcoin, Litecoin and Doge! This exchange didn't allow withdrawals of the very most of the coins enabled to trading. That looks like in advance PLANNED DISCRIMINATION!
I think and it looks like very well PLANNED plan and activity by this exchange. Can anybody confirm this?
|
|
|
What is this:
"We realise Cryptopia’s customers will want to have this matter resolved as soon as possible. We will conduct a thorough investigation, working with several different stakeholders including management and shareholders, to find the solution that is in the best interests of customers and stakeholders,” says David Ruscoe."
I don't care at all for their stakeholders including management and shareholders!!!
I care about my coins and tokens, and that "stakeholders" including managemant and shareholders are so likely responsible for them!!!
|
|
|
Liquidator can liquidate Cryptopia exchange, not our coins and tokens!!!
Our coins and tokens are not Cryptopia's assets!!!
We are not shareholders of Cryptopia so we are not responsible for any Cryptopia's work!!!
|
|
|
When is Cryptopia's Annual General Meeting (AGM)?Will the shareholders be rewarded with dividends for the successful 2018 and previous years? https://www.investopedia.com/terms/a/agm.asp" In most jurisdictions, the following items, by law, must be discussed at an AGM: ... -Ratification of director's actions: The shareholders approve and ratify (or not) the decisions made by the board of directors over the previous year. This often includes the payment of a dividend.... "
|
|
|
Read this interesting article for QuadrigaCX exchange written by its attorney: https://www.coindesk.com/from-law-to-lawlessness-bits-of-the-untold-quadrigacx-storyIt is not uncommon practice to see the financial statements, reports for the exchanges even in the 2015: " In 2015, it was pretty much unheard-of for a digital currency exchange to have an auditor and to prepare audited financial statements that it made available to the public. It was more transparent than many exchanges today." QuadrigaCX started as the most transparent business, but finished totally nontransparent, by this very good article.
|
|
|
Interest of the owners is to be paid from the company's profits. All of their profits companies usually don't pay out to their owners. There is always some retained earnings from last year and from previous years. This exchange also very likely has retained earnings if it has some profits from previous years. Owners of the company have their interests: to be paid out by dividends from the previous profits or the retained profits. Clients have their interest to get what they bought by trading at the exchange. Clients bought many different coins and they want that coins. Company offered to their clients some kind of "tokens", "coins", "points" instead of coins they pose, instead of coins they paid. If the clients want so, they (clients) can refuse exchange's offer to reimburse their coins by what they called CLM. If the clients want so, clients can refuse their offer to reimburse their coins partially by NZD value on date determined by the exchange. Remember, the exchange is not the court, and you can always refuse their offer if you don't agree with the exchange. Also, for coins which are retained by the exchange (not allowing the withdrawal case), every client should have the right to get default interest defined by the laws. Shortly, owners of the exchange want their retained earnings from the previous years, and clients want their paid coins. That two groups have opposite, conflict interests. Clients have the bigger right and priority to their coins than owners have the right to get their retained earnings, all according to the law at the first place. If some clients want to make agreements with the exchange to get their assets partially, then they will get partially what they paid. Generally, the exchange owes us everything what we already paid or what we entered at the exchange for trading. We have the right for everything we pose at the exchange. Only the court can decide different. With the exchange we (every client) can make agreement the both sides, we (every client) and the exchange, agree with. I thinks so, but the right opinion and advices everyone can get from the lawyer or attorney.
Will the exchange pay out dividends to its owners for the successful 2018 and previous years?
Will the sum of dividends be equal to the total profit for the year 2018, and previous years?
When will dividend day come?
|
|
|
Will the exchange pay out dividends to its owners for the successful 2018 and previous years?
Will the sum of dividends be equal to the total profit for the year 2018, and previous years?
When will dividend day come?
|
|
|
What is haircut? The term haircut is most commonly used when referencing the percentage difference between an asset's market value and the amount that can be used as collateral for a loan. https://www.investopedia.com/terms/h/haircut.aspDid we ask for some loan from this exchange?
|
|
|
This exchange earns by taking provision in BTC, LTC, DOGE for my trading.
Reimbursement for the lost coins should be made in lost coins, or at least in BTC, LTC, ETH.
If we were interested in NZD we, most of us, would have NZD, not coins and not tokens.
If exchange is interested in minimizing their losses, at the same way we clients are also interested in minimizing our losses.
The right of the clients has ALWAYS bigger priority than the right of the exchange.
Be careful in your decision of using (trading) "your" CLM cause that might be considered as accepting agreement with the exchange about reimbursement. That is my opinion, and I don't plan to use assigned me CLM now.
|
|
|
|