/biz/ - Business & Finance

>>49590540
Let's hope this blows up sooner vs delaying the inevitable and causing a longer period of uncertainty. If they just blew up now and we wicked to 15k we could bounce and start stabilizing. If we bleed to 15k first and then they blow up it will be much much worse

>>49590540
>wouldnt want to pursue the chain reaction that would ensue
Lol? Im sorry but no one outside of twitter gives a single fuck about crypto and if anything there’s more serious players that want to see it go away all together, or at least be cheap enough for them to enter the space if it won’t go away, than see it not go below $18k.
If Celsius, the company that hired a GirlsDoPorn feature to manage client funds, has a liquidation price of <$18k then the market is going to <$18k. Simple as

So my 10k in Celsius is pretty much gone right?

>>49591606
Don't invest in anything crypto related with a jewish CEO

Jews want to preserve banking

>>49590540
God dammit Jess!

>>49591606
Yes

>>49591717
Bancor is literally Jew founded and is the best place to put your money in crypto imo

>>49591835
Yeah if you ignore their "hack" a few years ago
Im sure they learned from their mistakes

>>49591717
Imagine investing anything crypto related with a CEO behind it at all.

Who would have guessed a company that hired a porn star to be in a position to manage hundreds of millions of dollars fresh out of college would tank and scam it’s users?

>>49591606
Yes

>>49591974
Don’t ignore it, see how they learned from it and came back from the dead stronger than ever.

>>49591835
Bancor is DeFi. You can see all the contracts and assets. Celsius is a black box.

>>49591835
Funny, I came to a cross road between Bancor and Celsius a little over a year ago. I chose to stake on Bancor, keeping control of my keys was the deciding factor.

>>49591606
Yup. Might be able to recover like 5-10% in a few years if you join the inevitable class action lawsuit

Feels good to have left like a month ago.
Feels bad to have swapped BTC for CEL.
Selling BTC - not even once

>>49591606
Anon, why would you ever consider non-native staking? This was decentralized jewery from the beginning. You can't safely guarantee apy like that just because it's decentralized.

>>49591717
Does this include FTX? Their withdraw fees are so low anon

>>49590540
FUD, their fine, their coin is even going back up.

>>49591717
I HATE JUICE

>>49590540
Why the fuck is it pumping

>>49593081
Mr. Bankman is an exception

>>49590795
>15k
You're all faires and unicorns today

>>49590540

They should have had it all in Monero on their private wallet. OOPS.

>>49590540
>>49591500
18k is not low enough, it can easily happen
Why did these idiots leveraged up in the first place and why didn't they deleverage as soon as it became obvious we're in a bear market? All they do is subpart DeFi farming with users funds who are either too lazy or too stupid to farm themselves and skim off some profit for themselves, they had one job, staying away from leverage and they literally cannot go wrong, but they just couldn't do that one thing. Fucking idiots. It's one thing to gamble with your own money, but risking millions of user funds is on a whole another level, holy shit.

>>49593792
you ask yourself how could they be so stupid they sat on a river of income and destroyed it
but it happens all the time, pure unfiltered greed
just think about the mtgox guys in jap prison and ruined while if they just did non fraudulent business they would be decabillionaires on the low estimates by now
if they just played fair they would be elite of the elite tier wealth, can you imagine what that would do to your mental health

>>49593792
Degens gonna degen. Even large CEXs can be degens too.

Crypto past 2020 has been thoroughly ponzi-fied. Literally just gambling, high leverage, and endless printing of shitty inflationary tokens until the music stops.

Think of this bear market as a cleansing fire. Only real value will survive.

>>49593792
Not noob, but lazy anon here.
Wouldn't impermanent loss and slippage cause the same issues regardless of leverage?
And so the whole lending this was just a ploy? They were really playing hedgie fund with user funds? I had quite a bit in celsius at one point but the writing on the wall was obvious and I pulled it all a month ago.

>>49593792
Yeah, who would have thought that a company which entrusted all of its user funds to an entry level marketing roastie with a past doing porn could act so irresponsibly

>>49590795
Imagine the faces of the cucks who bought at 60k as they read that.

>>49594717
i'm pretty sure everyone that bought at 64k capitulated at 30k

>>4959054
where can i confirm this?
can someone provide link to etherscan or something?

>>49591835
ohh boy you are in for a rude awakening as well
as with all jew shit Bancor has a blow up button as well
in this case it's when the liquidity for people buying BNT runs out

But that's going to happen in the next bullrun, and the only losses people will suffer will be impermanent losses

Still, it will be as if you never invested in crypto. Pretty shit.

>>49591606
it's probably not gone, just redistributed to less retarded users.

>>49593026
It was pure luck for me, I transferred everything to ftx 2 weeks ago for the higher apy.

>>49595641
Found the trannyswap holder

>>49596056
I hold LINK and only LINK, if you hold it but on Bancor you don't hold LINK at all.

>>49590540
>BTC and ETH are the most used as collateral
well, good luck to maxis and mETHhead, gonna buy some good old boring coin.

>>49594341
>Think of this bear market as a cleansing fire. Only real value will survive.
People said exactly the same after the 2017 bull run

>Investing in women
You deserved it

>>49590540
never heard of ya kid. don't care. not my problem.

I hope chainlink withdrew their assets