Lesson learned, Cryptopia is the definition of Counter-Party Risk. And counter-party risk is still the biggest risk in a blockchain transaction.
What should have I done: Desktop, Paper, Hardware wallets.
(Chanting in the background) Desktop, Paper, Hardware wallets! Desktop, Paper, Hardware wallets! Desktop, Paper, Hardware wallets!
Never again will I leave money/coins at an exchange.
i know what you mean, but if everyone did that, there would be no exchanges, no liquidity to sell or buy your coins, no significant markets excepts OTC..
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I have a problem with these exchanges, as they are much smaller than cryptopia was. how secure can such exchanges be? and liquidity providing for higher trading volumes requires larger funds constantly deposited on exchange
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seems to be getting ready to attack 8k level soon
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That's the reason I suspect there must be a problem in the wiring of his brain... It's not sadness, it's stupidity...
he is not stupid, just stubborn. It may take few more years before he gets back into bitcoin again
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... 3000 Last of the V8s * 3100 HeRetiK* 3250 Aveatrex * 3325 FractalUniverse * 3355 PoolMinor 3999 JanEmil ...
sometimes, it feels good to be wrong
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-snip-
Right now they need to recover the asset from their service, at least they have some responsibility about the hack. I dont want to withdraw, i want to trade. but i've been waiting for months for coin i want to trade to get back online.. they dont seem to be working too hard. recovering with most of the markets offline, thus greatly reducing their potential trading volume and fees profits.. not very convincing
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when pakcoin back online ?
be patient, all 80 cryptopian employees are busy working to get pak and few other coins back online before the year's end
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cryptopia is very sluggish at getting ORB trading back how can it take them so long?
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i dont understand whats wrong with it? Outputs: oPazFW6DyHcAMofmTaTYc6T68sgXsH4ffn 0.010102 ORB oW7WovG1xGGsDGXR8ei8easvhx3aGr6JVM 44.2221 ORB
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Basically for now it is sort of a game of trading, not real trading. You trade, but since you can't withdraw or deposit, all you do is move the same coins from one holder to another.
Indeed. doge price on bittrex is 20% higher than cryptopia. what a farce
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any news about opening usdt + nzdt markets?
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I was just verified as serious businessman [rarity among you trolls and beggars ] and voted for $4,800-$5,000 in the poll. its seriously going to go up in next 2 weeks
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Hmm, for any coins which have taken a haircut, ALL orders in EVERY market for that coin would have to be cancelled, since the customer's adjusted balance no longer supports the order value. I wonder if this happened?
all orders should have been cancelled automatically after 2 months downtime as i wrote before. they didnt do that. Even though traders were allowed to cancel them manually for a few days, not everyone had time to do it... i guess someone made nice quick&dirty $$$$ from their old quotes
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to break the boring times ahead i wanna throw out an easy game *2nd Quarter prediction game* what will the price be on June 30 (closing Q2 price) ...... 00.00 CET June 31 the one guessing closest to it 00:00 June 31st? nice Ill be somewhat more skeptical than Q1, expecting bounce back from strong resistance from around 5800-6150 (which I dont think will break so easily. *still far away up from current price) and one more retest of the lows. my guess: $3325
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We are so overdue for a $1000 fomo pump
looks fairly bullish atm. Still lots of resistance left before 4500 though. i have loaded some during last months and now instead of fomo i have fomu [feer of messing up ] again
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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.
I doubt they have such amounts available. You would have to get literally coins from other people's wallets. Maybe if they had theft insurance, or at least hedged all lost coins asap when they learned the amounts lost. I presume they did none of that. More feasible would be getting some 'loss marker tokens' for each affected coin, an option they didnt choose, for some reason. The right of the clients has ALWAYS bigger priority than the right of the exchange.
not necessarily. Depends on what we agreed in user conditions agreement upon signing up. And on NZ laws.
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... 43% loss on LTC amount, and around 40-50% loss at LTC price growth ... did you calculate the total LTC loss? Did you compare your calculation with the 'token" CLM offer value? ..
LTC loss in LTC terms yes, but in current dollar value there is no loss compared to selling it in january. so my total LTC loss is relative, as Im sure i wouldnt kept them all without selling some much sooner before reaching $50 dollars price. its very difficult for me to assess my real loss (BTC+LTC+ lost opportunity to gain by trading) True losers are those who held ETH. but some people who didnt have affected coins may be even in good profits, as site's downtime prevented them from selling at the bottom..
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Going live would likely mean clearing all buy and sell orders from every coin's order book before that. Otherwise the bots or exchange itself will take quick advantage of price arbitrage of nearly 2 months old quotes..
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.. .. For me 90% is good, it they will open SOON.
But 90 % of what? There are so many illiquid shitcoins listed on cryptopia, and they are the only coins that many users hold in their accounts. While the paper value of such coins may be good, there is no way to sell them for such price. If they cut 10% off paper tether or btc value from every account, some coins would have to be dumped all the way to zero wiping whole balances of many accounts - and it still would not be enough to add up to 10%. They would need to cut 10% of every coin listed amount and move it to cryptopia controlled account and sell them slowly; but i doubt that can cover 10% in reasonable time
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