Dear Cryptopia Customer
We are writing this letter to update you on the progress we are making after the event that occurred on the 14th of January 2019. You may have heard various comments about this event being an exit scam but rest assured we are 100% committed to reopening the exchange, bigger and better and to continue trading.
On the 14th of January 2019 we noticed several suspicious transactions and placed our site into maintenance to prevent additional funds from being compromised as best we could. We notified local and international law enforcement agencies of the matter and our offices were locked down and the site was only accessible to a very small number of staff and law enforcement agencies. We complied with all requests so as not to tarnish the scene. As a result, many of our staff were sent home on full pay and our systems were inaccessible.
We were given access back to our site on the 14th of February 2019. This was the first time since the event that we could begin to assess the impact. We have a comprehensive plan in place to get our exchange back trading. This however is quite labour and time heavy as we are effectively rebuilding our service from the ground up again. Since having access returned we have made significant steps to resuming service.
- Read only site: The read only site is now live, it shows balances as at the 14th of January 2019. Please use this site to reset passwords and 2FA credentials.
- Cancel orders: We are aware of market volatility in Crypto. The ability for users to cancel their standing orders is also live now. The API is still disabled, so you will need to cancel your orders through the website.
- Updates on twitter: We are continually updating our Twitter page with updates on our progress to go live. Please be wary of fake Cryptopia accounts on twitter, our official handle is Cryptopia_NZ and our page can be found here.
- No new funds to be deposited: As a result of the new wallets please immediately refrain from depositing funds into old Cryptopia addresses.
- There will be a rebate for customers who unfortunately lost funds. We are working through the logistics of this to ensure it is equitable and in compliance with local laws.
- Our Support team is prioritising tickets for 2FA and password resets to allow our customers to be prepared for trading when we go live
If you held balances in coins that were lost in the event you will start to see Withdraws on your account for those coins. The TXID for the withdraw will not exist on the network but will detail how the coin was impacted in the event. For each withdraw you will also see a subsequent deposit of Cryptopia Loss Marker(CLM), the TXID for this will also not exist on a network but will detail the coin it represents a loss for. CLM is not a coin, it can't be traded as yet, it is just a number in the database that represents the loss for each coin for each user in $NZD at the time of the event. There are still steps to take to ensure we are taking a legal path toward reimbursement.
We will be emailing you again shortly with more details around the rebates and the projected dates for trading to be active again. Please be aware, we are hoping to achieve this by the end of the month.
On behalf of the leadership team and all staff at Cryptopia, we want to thank you for your unwavering support. Cryptopia aims to be a transparent and honest exchange, with the greatest customers in the world.
Regards
Rob (Hex) Dawson,
On behalf of the Cryptopia Management Team
Thanks for the update Brandson I appreciate themWhile I haven't been posting much, I have been playing some of these bounces on ETH since December, sometimes taking profits fast enough, sometimes not, but overall positive. Barring some unfortunate news, it does look like ETH could breakout to somewhere in the $190-250 range (Coinbase Pro prices) in April, before possibly falling back to retest the 2018 lows ($80), although we'll see how it looks if and when it breaks out. For this to increase in likelihood, I'd like to see ETH stay above around $127 from now until the breakout. Daily close below that level, and this idea might be invalidated.
Exact timing is impossible, but just for fun I'm going to say breakout could be around April 2-3.
There are many possibilities I am watching, but I presently favour this one. It could very well not happen. Trade at your own risk.
I'm going to say breakout could be around April 2-3.
There are many possibilities I am watching, but I presently favour this one. It could very well not happen. Trade at your own risk.
This is what I wanted to hear. Thank you.lol, no we're not
bull market means you can set it and forget it for the foreseeable future. Until 6K is retested and broken, then retested as support, the market is not bull.
BTC could literally end the daily candle with a rejection of the 200 SMA and we crash down to 3200
This short squeeze has been in the books since we got into this range. It's been talked about for a while, anyone who started shorting here needed to get punished, and a 1K BTC dildo was going to be the end result of a short squeeze combined with a price gap between 4400 and 5400
lol, no we're not
bull market means you can set it and forget it for the foreseeable future. Until 6K is retested and broken, then retested as support, the market is not bull.
BTC could literally end the daily candle with a rejection of the 200 SMA and we crash down to 3200
This short squeeze has been in the books since we got into this range. It's been talked about for a while, anyone who started shorting here needed to get punished, and a 1K BTC dildo was going to be the end result of a short squeeze combined with a price gap between 4400 and 5400
Everyone's got their definition
I'm here just taking my profits
right, and I've been taking profits since December, doesn't mean it's a bull market
BTC is up over 50% in 4 months, volumes are high and sentiment is positive. Alts are picking up.
Defining a bull market is subjective and difficult even in traditional stock markets, to me that's bullish and I guess we'll just have to call it out and see.
Alts just dumped hard against BTC
People need to get expectations in check. Being bullish doesn't mean it's a bull market. BTC is smacking into hardcore resistance on this move, which is why we got a wick to 5200 but retraced all the way to ~4700. Most alts got decimated and have little liquidity and volume, so their movement and pumps doesn't require anything to jump in terms of market makers running and doing pump and dumps, which is what they were doing the last few weeks.
This isn't an indicator of a trend reversal, most people watching BTC chart expected this move up at some point to squeeze anyone foolish enough to short this range and to fill the near empty price levels between 4K and 5.5K.
You can be bullish on short term trends in a bear market and trade them, but if you're selling your trades because it doesn't have the buy momentum to constantly continue in price over a moderate period of time, then it's inherently not a bull market.
Now, could this be a bull market and a reversal? Sure, but I would argue if we're already out of the bear market and we have to deal with the entire plethora of shit coins that still exist and still have all the Tether drama, then the market is not in a healthy state and I wouldn't be very excited for the prospects of institutional investors with the lack of regulation and the "cleansing" fire we need to make this market halfway decent.
Honestly, if you want to be bullish on crypto long term, you want this bear market to last longer so things get cleaned up before the next move up.
While I haven't been posting much, I have been playing some of these bounces on ETH since December, sometimes taking profits fast enough, sometimes not, but overall positive. Barring some unfortunate news, it does look like ETH could breakout to somewhere in the $190-250 range (Coinbase Pro prices) in April, before possibly falling back to retest the 2018 lows ($80), although we'll see how it looks if and when it breaks out. For this to increase in likelihood, I'd like to see ETH stay above around $127 from now until the breakout. Daily close below that level, and this idea might be invalidated.
Exact timing is impossible, but just for fun I'm going to say breakout could be around April 2-3.
There are many possibilities I am watching, but I presently favour this one. It could very well not happen. Trade at your own risk.
Personality cults and crypto combining, what could go wrong ¯\_(ツ)_/¯
it was something like 23.900.000.000. you can view it here, it's on jan 6th 2018. https://coinmarketcap.com/currencies/bitcoin/
it was something like 23.900.000.000. you can view it here, it's on jan 6th 2018. https://coinmarketcap.com/currencies/bitcoin/
volume has been steadily rising for months, which is usually a bullish indicator, right?