Get your coins out of Coinify ASAP - page 2.

Bitstar_coin

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SecureShift.io | Crypto-Exchange

Quote from: cryptoaddictchie on July 10, 2022, 12:26:44 AM

Quote from: Upgrade00 on July 09, 2022, 09:24:19 AM

Drop to $19k you mean.
Would have been fun to actually drop higher tho Grin

For those who exited and sold on top yes it is. But there are some who bought on top and they are literally doing some panic selling and even these higher VC institutions are now being liquidated one by one.

I have friends who are literally always on bad mood due to a very high entry and now when some wishes it thr price to collapse more his reaction is like his ready to snap you :/

It is definitely not a good feeling for some people who entered the market at top expecting the price to go even higher but instead the bear season came and change things. You should educate him more about the bull and bear season, getting upset over every mention of market dipping even lower won't help him health wise, every season has an expired date, bear period will expire at some point no matter how severe it may look, what he need is patience.
This type of news is a constant reminder that exchanges are not the best place to store your asset.

Franctoshi

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Quote from: DaveF on July 09, 2022, 08:39:54 AM

Just a friendly warning.

Coinify: https://www.coinify.com/
is owned by Voyager: https://www.coinify.com/news/voyager-digital-acquires-coinify/
who just imploded and declared bankruptcy https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/

So if you have any money there and can still get to it, now would be a VERY good time to get it out.
Stop reading this, don't reply, just withdraw and then come back here to talk about it.
-Dave

Thanks for sharing this vital information , Many exchanges and lending platforms are going bankruptcy as a result of the shrinking liquidity by Fed, So they need to pull that rug after printing about 20% more money in existence just in one year. more and more companies are going to be put down to their Knees if they continue in shrinking liquidity by raising rates.
This companies needs more customers in order to stay in business.

last week in a news CZ said about 50 exchanges are in talks with him for acquisition, who knows if a major exchange is not among aside Celsius, Three Arrows capital and Voyager that are already in trouble. this time is the time you should get your cryptos off exchanges if you haven't, if you're a day trader ensure you withdraw your funds after trading.

Because "Not your Keys Not your Crypto"

darkv0rt3x

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Activity: 1274

Merit: 681

I rather die on my feet than to live on my knees

Quote from: BitcoinGirl.Club on July 09, 2022, 09:00:36 AM

Quote from: DaveF on July 09, 2022, 08:39:54 AM

who just imploded and declared bankruptcy https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/

It's so sad. I hope their clients get the coins back. Another example of not trusting a service with the coins where you do not have access of your key. Now it's time to wait how many scam accusations or users who are damaged by this event are coming forward. The bear market (safe to say because we had a drop from $68K to $69K) played a vital role for it if I am not wrong.

[off topic]
Bitcoin is not a democracy. Take a read on this 4 articles from Bitcoin Magazine. They are a bit long but they make quite a few good points on why Bitcoin is not a democracy! We are being proventhat democracies as we know them are not the best for the people.

Part 1
https://bitcoinmagazine.com/culture/how-bitcoin-abolishes-democracy

Part 2
https://bitcoinmagazine.com/culture/bitcoin-is-not-democratic-part-two

Part 3
https://bitcoinmagazine.com/culture/bitcoin-is-not-democratic-part-three

Part 4
https://bitcoinmagazine.com/culture/bitcoin-is-not-democratic-part-four
[/off topic]

@BitcoinGirl.Club please don't take this as a bad criticism. It's the other way aroun, it's supposed to be a constructive criticism!

darkv0rt3x

hero member

Activity: 1274

Merit: 681

I rather die on my feet than to live on my knees

Thanks for the warning. However, people will still use custodial wallets just because it's simple but one of the key points of Bitcoin is exactly to have full control over our coins which brings full responsability back to us and this is many times a problem because you need to have some knowledge to be able to be responsible for your coins and many people don't want this responsability.

cryptoaddictchie

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Fully Regulated Crypto Casino

Quote from: Upgrade00 on July 09, 2022, 09:24:19 AM

Drop to $19k you mean.
Would have been fun to actually drop higher tho Grin

For those who exited and sold on top yes it is. But there are some who bought on top and they are literally doing some panic selling and even these higher VC institutions are now being liquidated one by one.

I have friends who are literally always on bad mood due to a very high entry and now when some wishes it thr price to collapse more his reaction is like his ready to snap you :/

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Oh too bad for him and this is some serious matter to the people who have some assets there because they won't gonna get their crypto if things became more complicated later on. That's why if we gonna put all these kinds of news together, the result is always the safe place to store your crypto assets is in your hard wallet where you all have the means to control any wish you perform. As for the others who until now have some huge amount of crypto in the exchanges, they really need to consider reading this and thinking of a plan on what to do if ever they will experience the same situation.

mk4

legendary

Activity: 2870

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Paldo.io 🤖

Heads up to the readers: get your funds out of exchanges if you don't actively them to prevent unnecessary problems.

Also, grab a hardware wallet.

https://cryptosec.info/exchange-hacks

Jatiluhung

sr. member

Activity: 910

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Get $2100 deposit bonuses & 60 FS

Luckily I don't have it there anymore. there was something that required pulling everything out and moving it a few weeks ago. but i don't know about this problem. luck came to me.

ah right I just remembered. that some of my friends still keep their assets there. maybe now i will hurry to tell my friend. I hope it's not too late for my friend.

PrimeNumber7

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Activity: 1666

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Amazon Prime Member #7

Quote from: DaveF on July 09, 2022, 08:39:54 AM

Coinify: https://www.coinify.com/
is owned by Voyager: https://www.coinify.com/news/voyager-digital-acquires-coinify/
who just imploded and declared bankruptcy https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/

Most likely, Coinifly is not going to allow withdrawals as of the time of the bankruptcy filing if the bankruptcy filing is going to affect the operations. So it is likely too late to withdraw.

Upgrade00

legendary

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Playgram - The Telegram Casino

The safest place to have your coins saved in all markets, but mostly in a bear period is in your non custodian wallet.
A non custodian wallet is as easy to navigate as any one out there, and if you have any difficulties, you can always ask here. If you are not an active trader, saved transaction cost to and from an exchange is quite negligible.

Quote from: BitcoinGirl.Club on July 09, 2022, 09:00:36 AM

The bear market (safe to say because we had a drop from $68K to $69K) played a vital role for it if I am not wrong.

Drop to $19k you mean.
Would have been fun to actually drop higher tho Grin

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: DaveF on July 09, 2022, 08:39:54 AM

who just imploded and declared bankruptcy https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/

It's so sad. I hope their clients get the coins back. Another example of not trusting a service with the coins where you do not have access of your key. Now it's time to wait how many scam accusations or users who are damaged by this event are coming forward. The bear market (safe to say because we had a drop from $68K to $69K) played a vital role for it if I am not wrong.

DaveF

legendary

Activity: 3500

Merit: 6320

Crypto Swap Exchange

Just a friendly warning.

Coinify: https://www.coinify.com/
is owned by Voyager: https://www.coinify.com/news/voyager-digital-acquires-coinify/
who just imploded and declared bankruptcy https://www.reuters.com/technology/crypto-lender-voyager-files-bankruptcy-2022-07-06/

So if you have any money there and can still get to it, now would be a VERY good time to get it out.
Stop reading this, don't reply, just withdraw and then come back here to talk about it.

-Dave

Topic: Get your coins out of Coinify ASAP - page 2. (Read 477 times)