Post
Topic
Board Service Announcements
Re: Cryptopia Cryptocurrency Platform Services and Development
by
Conectiva7
on 22/02/2018, 11:21:41 UTC
I knew it when they stopped Doge and LTC pairs I quickly withdrawed .

Why would your stop free income of your trading fees??? BIG RED FLAG HERE!!!

They must be hacked or they are scamming.

NO it makes perfect sense.

LTC and DOGE markets only represented a small amount of the value of turnover but a large portion of the coin volume turnover.

So while the value may have only represented 10% of the earnings the volume may have represented 40% of the transactions. (I don't know the real numbers)

Add to that the circular trades that bots were doing - where if one user purchased some coins on the BTC basemarket the bots would adjust their bids on the DOGE and LTC markets
Bots then would try to outbid each other and one might even over correct leading to a whole new chain of events.

Removing the LTC and DOGE markets was done by them with the intent to remain trading on the primary markets and relaunch with a more permanent stable solution.

Scam and hack accusations in crypto have entirely lost their shock value. Accusations are now so frequently made by single dissatisfied users or coin communities with a grudge. They have no idea of how things work. When things really goes bad nobody has a clue due to all the nonsense scam spam.

What would be really useful is if users were more educated on spotting phishing sites, fake ICOs, pump and dump scams, fake products scams, phishing using fake phone support , fake email support, fake text messages, phishing apps listed on google play, fake phishing sites advertised on google ads and scam bots that clean out user accounts. It is sad to see that this is happening on every exchange. Warning about those things would help a lot more people than moaning about temporary market closures or stuck funds.

Always use google authenticator as 2FA or a buy a Cryptopia device. On other exchanges always use 2FA and never use the same password or email address on more than one exchange.
Gmail with 2FA enabled or Protonmail with 2FA enabled are the most secure.
Beware of phone jacking - having your phone number tied to your email address may not be as secure as you think.


"NO it makes perfect sense."
The real problem is not the coins but the inability and irresponsibility of this brothel whose known as "exchange" of not offering the basic and necessary support to its customers. That is, Fuck "technical problems", if you owe someone, you must pay them or at least provide some satisfaction. That is not what happens here.