Sosure app closing down alot of its features.
The crypto in your sosure wallet will be gone unless you apply (email them) to transfer it to your bank or paypal.
You have till 17th of July to do this. Check your app for the whole notice.
User reports closure date as 4 July.
Normally when you use your crypto to bpay there is a admin fee %. Now there is no fee to transfer to your account.
a stock that has fallen 50% is called a crash
50% drop is basically the meaning of a crash. What does "crash* mean to you, 80%? 90%? Or 99%?
Even the stock market has falls like that
Only when it crashes
It has only crashed if you bought at the top. When in doubt zoom out
Someone bought at the top to create that price point. Zooming out for those people doesn't make a difference.
Zooming out is like a consolation prize.
Rug pull.
The important notice basically says they are closing down without saying closing down.
I never used this wallet but thank you OP for sharing
This post just underlines why crypto will remain a joke currency.
Would you ever get a letter from ANZ or CBA saying that they had decided to "close down" and you should email them to withdraw your money, otherwise your money will be "gone forever" ?
It’s becoming legitimized as a storage of value. However as an unregulated currency will never become mainstream in a developed nation.
Only a fool would think something with swings as wild as this is an inflation hedge.
Crypto people is running around telling you now that with a 50% fall in price it is due to central banks going rogue and sucking money back in. That is the reverse of their central banks gone rogue printing money therefore bitcoin must go up.
Could never understand how any non-government backed crypto could become a legit currency when for starters every transaction/transfer would have tax implications. As an asset/commodity yes but even then other than for speculative trading don't see much use for 99% of them including Bitcorn in the real world. Just because there will only be 21 million of it shouldn't necessarily mean that it'll be valuable, especially given that already there are much greener, much faster and no-fee alternatives like Nano for instance. Blockchain tech itself though going to be a game changer no doubt. Ethereum and similar might be safer bets in that regard.
Bitcoin. Calling it a coin when it really isn't. Neither is it really a currency. It is just misrepresentation. It is just a sell.
Basically buying bitcoin is buying a stake on the public record you pay $x for x amount of bitcoin.
Limit of 21m therefore you can't print it like normal money therefore it has value. Suddenly there is a value on everything that is no longer produced. Fossilised Dodo poo anyone?
Bitcoiners still haven't explained that if we have a recession how bitcoin if an adopted world currency is going to rescue the economy through stimulus like JobKepper / JobSeeker? It is actually a financial system risk. It is exactly the reason why they came off the gold standard. Not that it solved everything (politicians and dishonesty is another debate all together)
It’s becoming legitimized as a storage of value
They tell us not to invest unless dealer has AFSL, regulated by APRA / ASIC, audited by qualified auditors, have board with independent directors and good corporate governance.
Not sure how many of those Bitcoin Co has.
Guess your not old enough to remember Pyramid
Pyramid was not a bank, neither was this.
Not a bank, but it was a building society. I think I had to wait two years to get my money back. Guess I was lucky that the Vic Government had made statements saying the building society was not in trouble, which meant they had to pay people out the losses (eventually).
https://en.wikipedia.org/wiki/Pyramid_Building_Society
@great-price: Pretty sure investors still incurred losses, those who deposited cash as savings were eventually paid out though.
I'm surprised the government don't take more a public stance on crypto. 95% of the market is an unregulated scam. Pump and dumps, exit scams, unregulated perpetually inflating tokens, unsustainable and unscalable projects, currency frauds, paid celebrity shilling, 100x leverage accounts that can be wiped out in seconds…
The losers of this cycle are starting to come out of the woodwork, some claiming - perhaps rightfully - that they weren't properly warned about the risks.
Why are you comparing a food app to a big 4 bank?
If Liven (a comparable food app) closed down and asked you to email them to transfer the cash back into your bank account would you think money is a joke currency?
Why are you comparing a food app
Not a food app. SoSure didn't have inventory or a kitchen. They are an payment intermediary. They take your money, pay to the vendor and take a cut. Bit like visa / mastercard.
So you saying sosure should be compared to a big 4 bank and not liven? Lol
The problem is not really the crypto itself but SoSure just can't gain enough traction of the cashback market. It's ashamed as they've been pretty good for Amazon/Ebay purchase
s/your/you're
Edit: directed at itshammer
Fail reply
The e-mail I received says cut off date is 4th July but on the app/website says 17/7??
The 17th July date on the app is incorrect.
Sorry but the OP's information is incorrect. Deadline for credit redemption is 4th July, not 17th of July.
Special announcement states july 17
No need to neg my previous comment. I was told by the Sosure staff that they are ceasing all services from 5th July.
If you want to wait until 17th July, it’s up to you.
Check the app again. It’s been updated to 4 July
So SoSure was actually UnSure
Anyone sent a request and received e-mail feedback yet?
Would like to know too. I sent my detail about a week ago, and resending today. Nothing back so far, no response/acknowledgement neither and keep getting the same email stating only 2 days left to apply.
Update: received my credits yesterday, did take more than the 5 business days advised.
Thanks for the info, just checked, mine came in today. All good
And I uninstalled the app too, haha
Did you receive the credits in the app, or in the bank account? I haven't received anything yet.
Who do I email?
Sosure
Yeah obvs, but what's the email address
I sent an in-app msg to withdraw but my funds are still in there.
They didn't process it and now I'd be interested in knowing their email as well.
Anyone not get the transfer? Was owed approx $180 and all mails bounce back
I was owed 10c and they told me to get fked.
Who’s received their reward in their bank account? I’m still waiting.
i got mine, but my partner is still waiting, strange
How much for your and how much your partner Waiting on
i think mine was about $3 my partners is less than 50cents lol
I still haven't received mine yet. When did you get yours? Also has your partner received it yet?
@Ebaygiftcards: i got mine about a week after the deadline, and no they still haven't gotten theirs yet
@jwsc: The bad people at SoSure haven’t bothered to pay me even know I submitted my request before due date. I also know they still check the admin email account.
Smart move now bitcoin has crashed.