/biz/ - Business & Finance

>>50339896
big if true

>>50339896
what a shocker

Thank god I only put all my life savings there.

>>50339938
so did I

I'm actually going to the store now to buy a gun to kms

.t had 25k LINk and 60k USDC in celsius

>>50339896
type S to spit on celsius grave

>>50339938
>>50339958
anons...

>going to file
>market not reacting at all to the news
something smells

>>50339972
S

I lost everything for nothing????
how is this even legal?
at least if I gambled it I would've had fun

>>50340292
I wouldn't trust this yet

>>50340302
Dude:
https://twitter.com/CelsiusNetwork/status/1547375324622618624?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

>>50339938
>>50339958
so this is the power of decentralized finance...

>>50339896
I lost $250k in the UST de-peg, and $68k in Celsius' bankruptcy, but I pulled out an additional $140k from Celsius just hours before they paused all withdrawals, so somehow I feel like God spared me from too harsh a punishment for my foolishness.

>>50339996
Isn't this like the 3rd CeFi bankruptcy this week? And anyone not a complete idiot expected Celsius to file for bankruptcy with 99.9% certainty.

>>50340316
oooof rip

this is what happens when you invest in something centralized and with liquidity
start investing in shit like BitDAO and AAVE. Completely decentralized and with tons of liquidity

>>50339896
>CELSIUS DECLARED BANKRUPTCY
only a luna holder would have think otherwise

>>50340370
The worst part is this Youtube video they made which namedrops a bunch of big name company like Delta Airlines literally just to say "LOOK These guys filed for bankruptcy! Ok nobody panic!"
It's fucking cringey what they tried to do here.

https://www.youtube.com/watch?v=0t_OtvkFHRw

>>50339896
nice FUD, faggot.

>>50340319
>decentralized
it didn't even pretend to be that lmfao. Retards literally bought into a ponzi scheme

>>50339896
GOOD
now the rest of the borrowing/lending ponzi platforms need to fucking die already, they're a fucking cancer on crypto

>>50340399
They actually fucking think that the Ponzi scheme known as Celsius filing for bankruptcy is anywhere close to the same level as Delta and American Airlines, which filed so they could continue flying people around the world, an actual service for society.

>>50340409
I'm going to love watching /biz/ pretend they never filed for bankruptcy and are still holding out over the next 2 years.

>>50340409
he still doesn't know

>>50340435
He knows. I just wish /biz/ would have a general thread for people who want to buy and trade dead coins (LUNC, CEL, Gamestop, any number of past /biz/ coins like Trumpcoin, etc.). Could be a fun general. We'll call it /schizo/.

>>50340466
>GME
>dead
crazy you fags can't just swallow your pride and admit you were wrong about it all this time.

>>50340316
Lmao btc literally bottomed out (the pump we had was manipulated to prevent the dump to 14k). All they had to do was survive a bit more.

>>50340517
I have never bought or sold any GME, at all. I just assumed it was dead because I've read the news.

>>50340534
>he listens to the media on the state of the market
lmao

>>50339958
10 eth, .25 BTC, about 5k worth of link Dot and cardano and sol, I feel for ya. I had no idea Alex was running a scam that mother fucker, hes in deep shit because I'm a very small fish compared to many. Let's just hope we get maybe half back. Don't kys anon, not because of a shit stain jew mashinsky

>>50339958
proofs?

>>50339896
yeah finally the bear market can be over
verification not required

>>50339896
so they closed their margin positions to have everything liquid

>>50340319
>decentralized
can you finally kys

>>50339958
5k link and 6eth here, I feel fuckn disgusted with myself. I hesitated the day before it locked up because I didn't wanna get locked out from earned account if I withdrew. Still have 100eth and 2btc in ledger to cushion the lost tho.

>>50340573
did i offend you? did i hurt your feelings?

>>50339896
NEXO will soon follow.

>>50339896
I'm probably out $20,000 worth $70,000 in the crypto they have

>>50339938
I only lost a couple hundred USDC, but kicking myself for not withdrawing when they first set up the accredited investor program. Huge sell signal

i thought we saw news they covered their liquidation price to like 4k or something what was the point of that?

>>50340633
no, room temperature iq people just annoy me

Power of defi

I actually feel for the meme of not trusting the banking system

I lost+2k which in my europoor country is two average salaries

4-5 month savings lost and I was going to use them to move to the UK

Fuck kikes

>>50340633
Fuck off and dont just write bullshit here and then defend it

>>50340672
they closed that position and paid it back so they could yank out all the BTC, probably so that Chapter 11 wouldn't force them to sell the position immediately as part of any restruturing.

They way everything is being painted right now is that Celsius has no major outstanding debts anymore that could get liquidated due to market conditions.

>>50340687
>Power of defi
It was not defi ffs
It was a centralized bank you trusted a bank

Despite this there are STILL going to be people who have money in Midas Investments and Freeway, which are like Celsius but on heroin. They are outright Ponzi schemes and I don't know if anybody even denies it.
>>50340687
Celsius isn't DeFi. It's unfair to call it that. And I lost a lot but it's not that.

>>50340702
>Make a bank
>Call it "DeFi Bank"
>Make billions
It's... brilliant, really.

>>50340675
lol you sound butt hurt
>>50340688
its bullshit because? its obvious people dont understand and care at what defi is this point

>keeping money on a US exchange
ngmi

>>50340719

>>50340732
Its obviously not defi since they couls access the funds

>>50339958
Don't do it anon, you can rebuild. I had 40k USDC in there which is my entire savings, I'm only 23 and can make that money back. I know I can, and if I kms it's over for good.

>>50340732
>its obvious people dont understand
that's only you though. literally the only person ITT who can't tell the difference between concepts as simple as centralized and decentralized

>>50339896
https://www.reddit.com/r/CelsiusNetwork/comments/vyb35f/serious_inquiries_only_selling_my_balance_on/
Will /biz/ make an offer?

>>50340780
this was a thing back in the mt.gox days. when they stopped withdrawals you could sell your mt.gox coins for real bitcoins i think they had like 50% discount. i don't know how they set it up but it actually worked, my friend bought gox coins AFTER they went insolvent

>>50340780
Anyone making an offer under 50% has a decent deal. The issue is enforcement. I might have to do the same.

anons please be real with me: will I ever get my link back? It doesn't help that I still get weekly notifications like pic related.

>>50340778
>that's only you though.
im not the one who lost money in a centralized exchange. i cant believe I have to explain how the post was a joke you fucking retard.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

*breathes*

BAHAHHAHAHAHAHAHAAHAHAAAAAAA

>>50340319
>decentralized

>>50340840

>>50339896
Yes miss Khater you have earned your 7 figures bonus this year for your thorough expertise during this extraordinary crisis

>>50340839
you will probably get a portion of it back. my guess is way below 50% though. would these blatant degen gamblers have shut down their network if they still had 50% of user funds left? no way. they literally transferred billions to random noname 'crypto experts' shilling their service at crypto conferences without even looking up the risks associated with their activity

>>50340949

>>50340292
>government stay out of finance! This is the future!
>nooooo government I lost my money do something!!!!!!!!!!

>>50340949
>>50340972
and don't forget they just closed like 30 margin positions, and those were only the DEFI ones that were publically visible. we have no idea what they did on FTX. they definitely expected to make user funds back by margin gambling and if they still held any remotely reasonable % of user funds they'd have kept going on.

>>50340972
Lol wtf is this shit

>>50339896
Forced HODL. I put more in CEL. I believe.

I have 500k now in it

>>50340977
>the government will regulate cryptocurrency
>just kidding, we won't haha :^)

>>50340319
>decentralized finance

>decentralized

>literally a corporation filing for bankruptcy.

>>50341081
https://archived.moe/biz/thread/50224854/#50224854
my conclusion was that the guy either directly wrote to celsius or just shilled his 'LP providing' service at crypto conferences. and it's one thing the guy probably didn't point out the risks of his activity to celsius properly, but celsius also managed to remove all the liquidity at the worst possible time, they literally suffered a >70% loss of funds because the price difference between crypto assets and stable coins was between 2020 august and 2021 may was pretty much at the peak, and they apparently had 0 understanding of impermanent loss. but that didn't stop them from blowing ~120,000 BTC worth of funds on liquidity providing. (and losing ~84,000 of it)

>>50339896
>some retard on twitter today going on about how it was FUD and that they paid off all debt
Yeah they paid off all the debt with your money retard

Is this bullish for link?

>>50340839
No
Celsius just removed a few hours ago their last remaining 2.2 million LINK tokens from Aave to sell it on FTX.
https://etherscan.io/tx/0xe97e8b712f309a756b11fa7564a92c3bbb5bb59656026c76c33b892a4f4e5f90

Your real ownership of LINK tokens will be 0 after their bankruptcy in 1 week.
Their global losses must be in the 40%-60% range at least and they sold everything for fiat at the bottom.
If you are lucky after they exit scam you may recover 50% of the amount of $ LINK is currently worth right now in half a year or 1-2 years after it pumped back to healthier valuations.

Let's make an example:
If you had 10k LINK on Celsius you would recover $30000 in 1-2 years, however LINK may be worth $50-200 by that time and you could only buy back 600- 150 LINK in that scenario.

>>50341154
we've wondered where so much defi money was coming from and apparently it was celsius users getting mauled by retarded money managers

>>50341120
based

>>50339896
>HODL MODE

>>50340949
>>50341201
I had 46K LINK there. I will never recover from this. It feels so surreal like I'm in a bad dream.

>>50339958
>I'm actually going to the store now to buy a gun to kms
can you even afford it?

>>50341326
what % of your networth did u lose

>>50341326
>I had 46K LINK there
so, nothing? They did you a favor.

>>50341326
Why did you not diversify and use risk management?
You should have not put more than 30% of your stack with them.
You can see this as the price paid for a lesson.
Everyone goes through multiple mistakes until they stop being a degenerate and this lesson should help you improve as an investor long term.

You can still recover a bit if you can take a loan to buy back some of your stack now.
Technically LINK should go to $1000-5000 one day and there will be other opportunities for bull run pumps.
Even a 1000-5000 LINK stack should make you a millionaire with enough time.

Your next focus should be to restart accumulating as quickly as possible.

>>50339938
>>50339958
>>50340292
>>50340839
>>50341326
Please say sike

>>50341213
Down syndrome dude and porn star managing your savings

>>50339896

kek crypto baggies

What's even the point of halting withdrawals? If they ever recover, everyone is pulling their shit out immediately. Just stop accruing interest bro

>>50341498
>Implying my coins were given to a jew

>>50341326
There may be a scenario where the holdings of other users will be used to recover more LINK at the moment funds are partially repaid, but I don't know how this works and this should be seen as the best case scenario.

In that case what would happen is that the remaining Celsius funds in $ would be used to buy back a % of all the user holdings at a specific date.
If LINK went up against other assets in that time it would not change this, and they would have to pay more to buy back 40% of the initial stack at $50 even if they sold at $6.
This would decrease the overall % of assets other users would get back, but it would be a more equitable solution.

Even if this was to be done, you should do everything you can to accumulate a new stack on your own until you know what will happen.

>>50339938
>>50339958
Thank God I was too lazy to actually put anything on celsius. I made an account last year but did nothing with it

>>50341498
technically, someone stole their baggies this time. They arent left hodling anything.

>>50339958
>killing yourself instead of the guy who stole all your money

>>50341512
nah anon redditors are still depositing

>>50341589

>>50341589
https://www.reddit.com/r/CelsiusNetwork/comments/vmo2q0/i_put_a_few_more_thousand_dollars_on_celsius/

>>50339958
Don't give up. LINK is at historical lows.
You can still buy a smaller stack and may have 6 months to 2 years left to accumulate and can still make it with a smaller stack.

The lesson to learn from this is that there will always be warning signs when something is off and you should not ignore those signs.
If something feels shady don't ignore it because of your greed and run away as quickly as possible.

The Celsius whore meme should have been the warning sign that something is not done properly at the company and someone recruited a whore through sex promotions for an important role.
This meant someone is morally corrupt in the company and should not be trusted with money.
If you can learn to recognize warning signs this won't happen again to you.

>>50341576
i don't follow the situation
somebody is a baggie and they are getting kek'd hard

>>50339896
>https://www.cnbc.com/2022/07/13/embattled-crypto-lender-celsius-informs-state-regulators-that-its-filing-for-bankruptcy-imminently-source-says-.html
get fucked goooooooooooooooooooooooooooooooooooooooooyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy
i gtfo'd because i paid attention to what this comapny did, first they aquire a mining company and then they want to take it public instantly?! they are only looking for a cash injection, i gtfo'd and yall got fucked for not paying attention to who held your money for you
if you don't want it to happen again read this book and kill all jews
https://twitter.com/savetheworld141/status/1503818153805164550?s=21&t=sjPK-7stfgZgcWzOMdlPGg

So how do we declare losses on taxes as burgers? Or are we double fucked and no refunds? Don't really care since this is clown world and everything though.

>>50341396
>>50341412
that's 95% of my portfolio, the rest is in cash ($14K).

>>50341437
I wish anon.

>>50341436
I was moron, I got greedy and figured I could safely grow my stack without selling. Thank you for giving me hope, I really appreciate it.

>>50341563
I would be happy with anything to be honest, even a 10%. Again thank you for taking the time and writing all that. I will grab 1K LINK for now and send it to a cold wallet then keep accumulating like you said.

>>50341677
yes this is the og pic fuck you all muahhahahahahahahahaha, i wont even plug my project because yall are too stupid to read lolololol my roflcopter gos soisoisoisoi

>>50339896
does this mean sam bank man faggot is going to run out of money?

im not buying back into crypto until hes gone

>>50341702
>that's 95% of my portfolio

>>50341702
take that 14k quit your job and move to the woods for a year.

>>50341737
So you will be a nocoiner because of a jew?

>>50341770
and be alone with your thoughts. you need to change bigly.

Welp. That's a good 11k down the drain. I guess there's a chance I recover some of this but we will see how it goes.
I've got 20k usdc stuck in scream
1000 link and 4 eth stuck in bancor.
I have a little more confidence in bancor than I do the rest but I'm not gonna hold my breath. I've got the cash to rebuy my stacks and I'm just gonna start doing that slowly. I'm still convinced the broader market has a lot lower to go.

But hopefully the silver lining is I can take these losses down the line as a tax incentive. I believe losses due to bankruptcy can take a while before you can take them as a loss so I can offset them as a future loss. Bancor and scream losses I can just sit on in perpetuity until things materialize. My other plus side here is that I have more in stables than I thought I did so I'm still chilling. For those who got fucked way harder than me though don't kill yourself or anything. You've learned something you can't learn from text books. Dust yourself off and move on.

>>50339926
K

>>50339896
Nexo is unironically next

>>50341702
You will look back on this moment in a few years and see it as an important moment which created the current you and made you a lot stronger.
Everyone goes through a few moments like this, but after reaching the correct mindset things correct themselves out with time.

If you can have the mindset of always trying to learn from your mistakes to keep improving, you won't regret your biggest mistakes as much and see them as the price for an important lesson.

Good luck!

>>50339996
Already prices in. Celcius bankruptcy was an inevitability and was priced in on the day they halted withdrawals.

Only people on massive amounts of copium expected anything different.

scam

>>50341181
This is bullshit for link.

LETS GET A DAMAGE THREAD GOING LADS

>>50341436
>You should not have put more than 30% of your stack with them
As someone who lost 30% of my life savings in Terra and Celsius, do you have any fucking idea how much losing 30% hurts?

>>50341589
I've seen these types before. They do this for every major crash.

>>50339958
Live stream it, you faggot.

>>50341935
He will probably get about 50% of it back in 2 years. He's going to look 30 years older when that happens though.

>we want defi but when shit hits the fan we want the government bodies to bail us out
??

>>50341937
Even 30% is too high. What I had in here was like 1% of my folio but it turned into 5% after dumps. I should have reallocated honestly but you know what is worse than 30%? 100%.

If there's one lesson here to take away, it's that you really need to evaluate risk management. That whole "never have more than 1% of your portfolio at risk" shit isn't just a meme (although really should dig into it beyond that). And yes that goes for native staking too when that comes out (of course I'm sure smug linkies will tell you that its technologically impossible)

I'm unhappy yeah. Essentially 20% of my networth is getting wiped by these things at once. I've also realized I should have moved mkre into stocks and Bitcoin. If your takeaway from this is ONLY "not your keys not your crypto" and you failed to learn any lessons about risk management (especially with the massive doomping this last year) then you've basically failed and you'll make more mistakes that aren't just Celsius tier or bancor tier stupid.

>>50342026
people who want defi did NOT use celsius.

>>50342026
I lost about 300k, 240k of that in Terra and 68k in Celsius, and I do not want any government intervention. I made my bed and I will fucking lie in it. When I said I want a "wild west" of finance for me to make and possibly lose a fortune, I fucking meant it.

But I post this in every Celsius thread.

LOL

>>50342026
>Celsius
>DEFI
You're a fucking retard

>>50341582
THIS. god damn some people will literally just let others walk over them forever.

>>50342060
I work a well-paying job but I've still lost so much in savings it would take me something like 8 years to get it back. Another BTC bull run is my only hope at this point.

>>50341618
He's got like 5 months at most.

>>50341935
kek. greedy fucks gets what they deserve

See if the volume and character of Link fud changes now. Nexo is next.

>>50342104
Yeah but life goes on friend. Don't beat yourself up over it. I hate to be cliche as someone who went 1.4m -> 170k maybe (because Kevin won't let me sell my xcm) but there is more to life than money

>>50341618
She was fired from Celsius in 2017, the moment they found out she made porn, and she wasn't recruited through "sex promotions". That was pretty much the response any major company would have had upon finding that out. You fell for a bunch of fake memes, retard.

>>50342137
It caused me to sit down and write down a bunch of life goals that I want to seriously focus on and I've decided to focus on some of the non-monetary ones for the short term. I have some professional exams I should still take that will significantly increase my salary and I genuinely want to lose weight so I don't die young on my kids. My wife and I were upset about losing so much money (only 300k in my case but still) but I've decided to focus on the goals I listed above for the time being (at least a year or 2). I will still casually invest in BTC hoping for another bull run but I'm being more mindful of risk as a result.

Thank you for the kind words.

>>50339896
Feelsbadman.crumpledburgerkingreceipt, my precious 0.10 bitcorn

>>50342155
>She was fired from Celsius in 2017

>>50342209
Ahahah fuck me then. I wish I had porn of any of my coworkers.

>>50341691
Theft of crypto funds is not tax-deductible in burgerland

>>50342209
>remember 2008
kek.

>every crypto market slowly being revealed as an empty fraud
>price of Bitcoin still over $20K

what the fuck is wrong with you people

>>50342249
The more Bitcoin holders that kill themselves from the price dropping, the more scarce Bitcoin becomes. Thus there is titanium unbreakable landing gear in place for this coin as solid as death itself. Simple as

>>50342188
There ya go. You've already got plenty of reasons to keep going and improving. We all got caught up in that bullrun. But now we're back down to earth and just have to keep pushing forward.

From a financial perspective, I will always say this is a crash course in tons of financial lessons. If you've tasted an assload of wealth then you now have tools that others won't have and can recognize similar patterns in the future. Personally? I don't know if it's gonna be Bitcoin (although I hope it is kek) but look at all the shit people got rich off in the last 20 years. Dotcom bubble, housing bubble, 2017 bubble, tesla, gamestop, etc. There's plenty of opportunity and I firmly believe that everyone's gotta learn this kind of lesson once. So just keep it up.

See you on the other side.

3000 link and .7 BTC on there. Rest of my 8000 link is on Bancor. Damn guys...

their plan is to file bankruptcy at this market bottom area.
This will let them propose giving people back the fiat value of their deposits at the time of bankruptcy. This works for them, and its why they just closed most positions.

If BTC triples by the time the creditors get paid in several years, then its easier for Celsius to convert their remaining btc to give out the dollar value of what their creditors owned today.

>>50342249
everyone's shorting thinking its easy money so whales are just pumping to fuck them over. There's no outsmarting or outplaying the whales, you play by their rules.

>>50342249

First mover advantage.

Thing is though it simply can't crash and go to zero.

There's simply too much liquidity out there and retardation that will just hold no matter what.

The framework of being able to easily purchase, sell and leverage short/long in crypto is all the fuel crypto needs to stick around forever.

>>50342310
>implying this is the bottom

>>50340563

>>50342301
based and optimistic pilled

The future belongs to those that take risks

>>50342303
>3000 link and .7 BTC on there. Rest of my 8000 link is on Bancor.
im sorry anon, but at that point it's just funny
the universe didn't want you to have those linkies. you're not meant to make it this easily

>>50342387
What happened to Bancor?

OH NONONONONO AHAHAHAHAHAHAHAHAH

>>50340316
HAHAHAHAHAHAHA THE ABSOLUTE IRONY OF CHAINSHITGOD BWAHAHAHAHA

>>50342412

>>50342387
Lol that's not even mentioning my fiat brokerage account

>>50341937
30% is the maximum for degens.
However it should hurt less than losing 100%
You can still recover with 70% of your funds.

Proper risk management would see that you don't risk more than 1-2% per trade, and in this case you should have done a proper assessment of the real risks.

If you didn't know where the yield from Celsius comes from you should have assumed there was some risk involved and taken that into consideration, and only used them for an initial test with a 1-2% test stack for more than a year until you get a better feel for their business.
For UST the Anchor 18% yield was created through magical printing and should have been seen as a very high risk investment.
It was possible to take an insurance on the UST depeg risk by the way for a percentage of the yield.

The most important part of investing is not generating profits, but protecting your assets.
If you can save 100% of your assets even if you miss out on an opportunity you will still find another opportunity later.

Hahahahaha

>>50342507
To my credit, I held UST for exactly 1 day before the de-peg. I just happened to pick the single unluckiest day ever to buy it. Thank you for the advice though. I am not overlooking your advice just because of my comment. I absolutely messed up and paid for it.

>>50339958
this is a meat suit run. don't do that. you develop your spirit and soul here. don't fuck it up bc of some jew money. at least take some lsd before you ever do that. you'll figure out there is more to the adventure.

>>50341737
No, the bankman will rule all of crypto when this is all over, this was planned.

>>50342155
It doesn't matter if it as a mistake or not.
There were many more competent people who could have filled this role and they chose someone with no experience.
This meant a failure in their recruitment process, and even if she had been competent for the role and they found out later it was still a big mistake they could not recover from.
Trust is difficult to gain but very easy to lose.

Why would you trust someone who is too incompetent to do a proper recruitment screening process?
Risk reduction should be your priority in the crypto space.

>>50341201
10k link will equal $10k in 1-2 years

There are still people on this very board right now that have all their crypto on an exchange. probably in this thread

>>50341326

>>50340302
Cope

>>50342557
You can see as a synchronicity event.
The timing was important for you to learn from it.

What you could also learn is how you could have seen the issue on that day when others were withdrawing.

>>50340319
Celsius is centralized finance

>>50342526
Poor retards ffs fuck centralized finance

>>50339958
Need to see a bit more of this to know that the bottom is truly in.

>>50342417
>i know what im doing bro trust me
>diamond hands master
>proud lambo owner

>>50340667
That was your sell signal? Not the fact that they literally hired a pornstar to manage millions of dollars for them?? Tons of bizraelis jerked off to her video but u actually invested in her. Wake the fuck up anon. Real life isnt like your video games where you get to restart if you screw up a game

>>50342800
I also pulled out $140k the exact day before Celsius halted withdrawals. Like a few hours before it would have been impossible, on nothing but a hunch. I had no evidence at all but a feeling. So much so that I lazily left 68k in thinking nothing that bad would actually happen.

>>50340567
>the bear market can be over
Over? Oh no, anon, it's only getting started.

>>50342873
You have been saved by the collective subconscious and your spirit.
You should learn to trust your instinct more in the future.

If you ask for help honestly spirits will always find a way to help you even if you cannot see them.

>>50342926
I find the older I get the more I trust my instincts on a lot of things. I'm 28 now.

Kike bankruptcy lawyers will be buying summer homes in the Hamptons using crypto fag money.
Crypto fags going to get rekt for years. Bk courts will clean u out

>>50342380
I'm young so that helps. And frankly the last few years have been pretty bad for me and I really blew a chance to bail myself out of one of these situations. But I'll keep moving forward. Especially because there are those who wish me to roll over and die.

>>50342943
The power of the spiritual world and the collective subconscious is life changing.
If you live according to your life purpose, the world will literally rewrite reality and change other people's behavior to help you reach your goals.

This is why a positive mindset is so important.
The world will react to your mindset to create your own reality and this can make all the difference.

can voyager faggots be more pathetic?

>>50340675
Boy your one triggered shill.
Rug pull fuck.

Guys, im really afraid that some court is going to come after me because I withdrew my funds within 90 days of them declaring bankruptcy. If that happens its over for me, ill die in a hail of gunfire before I ever let some arbitrary rule make me handover my assets to some jew who is considered "secure creditor". Please tell me nothing will happen.

t. Pulled out 200k 13 days before they halted withdrawals

That's what you get for buying a fake asset with no real value. Invest in stocks faggots.

>>50339958
>killing yourself over 6 months worth of salary
Anon, I...

Does anybody on this board realize that there are "sources of income"?

>>50343276
>3AC borrowed millions in loans to buy a jpg called "CryptoDickButt"
Based as fuck holy shit lol

>>50343329
They can only do that if they prove you had insider information, so calm down.

>>50343276
>>50343420
kek, more likely though it was just a spam NFT, all the known addresses get them for free as advertisement

>>50340949
that figure probably includes stables like USDC

>>50343329
what happens if someone withdraws then loses the money? are they going to jail because they withdrawn THEIR funds from celsius and lost control over them before they had any clue they'd need to pay it back? if not, then just 'lose' your ledger...

>>50343467
it definitely does, liquidity providing a fiat/crypto pool means they put in 50% WBTC and 50% stables. but they still lost 70% of the value to impermanent loss compared to just holding both assets seperately.

>>50339896
My funds were not in a custody account there, but wasn't there some insurance for those that did have funds in a custody account? What was the insurance supposed to do if not cover this sort of thing?

>>50340780
Making a 5% deal might be worth it. I wouldn't do it just because it seems like a legal hassle and I don't wanna spend all that time and effort.

>>50343529
Enforcement would be costly.

Just FYI -- cheaper 11 is different from chapter 7. So there's a nonzero chance that you get your current USD value our of Celsius as of whatever the value is today. Depends on what happens with the company and what the courts shake out. It doesn't necessarily absolve them of debt more so that it essentially buys them time to do so.

Does this mean you're for sure getting your shit back? No absolutely not. Someone said that only 25 percent of companies come out okay after chapter 11. But this certainly isn't over. If you're in a ton of coins though, my condolences. It likely you only get the value today back if you're lucky. Guess we will see 5 years from now though

>>50341781
Tax loss harvesting. yep
I'll make my money back swinging BTC with the humminbot.

in the meantime, don't forget to file a claim.... it can't hurt,
as niggers can't read and plebbitors just cry online.

https://cases.stretto.com/celsius/file-a-claim/

>>50339896
Why were so many of you who unironically used this shit platform LINK holders?

kek somebody get a celsius salt thread going

>>50339896
I had 10k in there at one point, earned 400 in interest, then got nervous and pulled it. Back in fall 2020. Wewlad.

>>50343551
Yeah, I am saying if you were a qualified lawyer with some free time, it may be worthwhile, otherwise it's may be worth 0.5 to 1%

>>50343558
>25 percent of companies come out okay after chapter 11
but don't those companies have activities? all celsius has is some funds that they can gamble with in trading. is there any other way they can make money now? do they provide ANY service that people pay new money for?

> there's a nonzero chance that you get your current USD value our of Celsius as of whatever the value is today
yeah well, mt.gox victims got back their bitcoin's worth of USD at the time mt.gox went insolvent (some $400 or so / BTC) when BTC hit 10k...

but again that's trading gamble. if the coins they you are holding right now appreciate in value you may get ur todays USD valuation back. if they go down, you may get the actual coins back. impermanent loss a'la celsius. you can only withdraw the liquidity once sufficient amount of losses are acquired.

>>50343582
there was a surprising amount of shilling in favor of celsius coming from chainlink channels

>>50339896
why the fuck do people still not self custody

>>50343647
ledger doesn't pay you 20% APY on all of your USD/BTC/ETH/LINK holdings simultenously

>>50343629
Yeah that's the interesting thing because if Goldman sachs buys them out then that's gonna change a lot. The thing I also like to remember is that this entire sphere gas adhd and won't remember this shit next bullrun. People will happily deposit in Celsius without thinking. Thankfully I can be a little more optimistic since I had nothing but usdc in mine so better chance that I'll be made whole again. They may just flat get absorbed by somebody like nexo if they aren't insolvent who knows

>>50340771
You will bro. I had $20k worth of link in 2018 and thought it was over and I was able to sell it in 2021. You’ll make it back next cycle

>>50343629
Yes, the idiots who think "Celsius might be fine because many companies bounce back from Chapter 11" are comparing themselves to fucking Delta and American Airlines, as if flying people around the world is a service comparable to what Celsius is doing. There is 0% they "come out of this" like people are saying. The fact that Celsius added this line about Delta and American Airlines in their youtube video today on Chapter 11 bankruptcies is just insulting.

>>50343659
high APY comes with high risk, you can buy argentinean bonds giving 50% yield if you like risk

Which one of you bigots posted this?

>>50343768
>Pull on a gun on Alex's daughter
>All withdrawals are released the next day
I mean.....

baggies are getting uppity

>>50343329
if you used fake kyc you'll be ok

Would link be triple digits if it wasn't for all the shorts carried out by CEFI platforms like Celsius?

>>50343329
You must be trolling. You took out your own money. Nobody is coming after you lmao what the fuck are you on?

>>50339896
>ITS FUCKING OVER
for redditors and TTP cultists, yes

>>50339896
Doesn't matter
My bag is matic so, I'm safe as the Vishnu living on the blockchain watching over us bagholders

How are you anons so fucking stupid to not see the signs of this Ponzi scheme? 20% interest are you fucking serious?

Why on earth would you risk thousands of dollars to random anonymous exchanges. How is that not a clear red flag.

>>50339896
is it too late to short? i saw the first thread about them declaring bankruptcy and that was around $0.70 for CEL

>>50343882
the future of finance

>>50343991
its going to zero

Ill be real how did you of you fall for this? It was the most obvious ponzi scheme of all fucking time, 17% "guaranteed" returns?!

>>50344035
based. whats the best way to short as a burger? is kucoin letting americans cash out?

>>50344074
i think only ftx has perps, so no burgers

>>50344097
europoors always complain about not having opportunities to make money when they have the laxest crypto regulations and can short celsius right now with over 10x leverage

what gives

>>50342623
only in the US. Everywhere else will be ruled bt crypto.

>>50344161
With my luck its a bear trap and they get a bailout.

Bye bye to my 0.24 btc.

>>50344185
0 chancw of bailout
they are literally worthless

>>50342155
Did you just pull this out of your ass?

>>50341582
If you kill yourself instead of your scammer, you win

>>50341377

Checked and kekked

>>50339958
Dude for real don't kys tho, I know it hurts but you can learn from this and keep going

>>50344074
you can withdraw 1 BTC per day with no KYC

>>50339896

lol thanks for playing.

>>50339958
Just so you know if you are a white male the Jews laugh at you killing yourself, just thought you should know this before you do anything dumb, don’t let them have the last laugh

>>50344573
Yeah...

>>50339896
Reminder that there were "people" here who defended HODL mode

>>50342062
Based.

>>50339958
im not trying to rub salt, but why would you put so much in a single place? I don't even keep all my coins in the same private wallet

>>50342065
>we can pay our "employees"
>but the goyim can't be allowed to withdraw
Lmao, lmao, lmaooooooooo

Nexo gigachads just keep winning

>>50344943
Not for long, just wait until Nexo activates HODL mode next.

>>50342602
Do NOT take the mind altering drugs goy you will go insane and think absurd things

>>50342155
Cope, I withdrew my funds from celsius and lost nothing because of that meme while you spent time fact checking like a simp for a fucking whore

>>50344953
Good thing I don't hold any stinky linky

>>50344881
A lot of "us" thought that Celsius was offering over-collateralized loans, and that's it. You put in $150k worth, you can make a loan for $100k, no exceptions.
In theory this is how DeFi should work in my opinion. Just a simple contract that does this calculation perfectly. The only reason people trusted Celsius over a DeFi contract is because a centralized entity would allow for blame if they messed something up, or customer service, etc.

The fact that they were based in New Jersey and not somewhere in China was also reassuring.

>>50342303
What do you intend to do if Chainlink pumps in price?

SUCK IT CHAINLINK FAGS, NEXO WINS

>>50339896
Looks like Jessica will be doing some "interviews" again.

>>50341326
And let the epic Link pump begin. Thank you for you sacrifice

>>50344864
lmao that's why i feel 0 sympathy
they got what they deserved

>>50345968
these people give us financial advice

>>50342303
4K stacklet kek

>>50339958
imagine killing yourself then spending an eternity in hell over imaginary money

>>50345979
These are the people who say Warren Buffet and Charlie Munger are senile retards.

>>50346049
fun fact, there's absolutely nothing in either the OT or the NT that indicates that suicide warrants hell (or that it even is a sin to begin with)
the idea that suicide=hell is a fabrication from the clergy to prevent christianity from becoming a death cult

Just another day in the crazy world of the cryptocurrency wild west. Thanks for playing lads!

>>50342303
Not you keys not your crypto gets proven right once again

>>50346071
It is alluded too but it's in a very vague manner that can be inferred that self harm is not allowed by God because you are rejecting his creation.

>>50345032
>The only reason people trusted Celsius over a DeFi contract is because a centralized entity would allow for blame if they messed something up, or customer service, etc.
muh customer service lmao
completely deserved

Please buy my bags

>>50346128
so what kind of person would exchange their real money for IOUs of a bankrupt company?

>>50346057
They're senile when it comes to technology, especially blockchain. Everything else is decent.

>>50346128
Here's my offer. I trust you will find it most reasonable.

Celsius is/was a Ponzi.
A guy I know was incredibly smug about buying BTC at 10k and staked it all in Celsius, was a maxi hodler too.
I can't see anyone getting their money back.

>>50346142
"Technology" is just another ponzi scheme without any underlying value. Bitcoin has no value in fact.
It's all just speculation.

>>50346178
okay retard

>>50346163
Chapter 11 bankruptcy doesnt protect unsecured creditors, it protects the company first and foremost. Everyone who fell for these blatant "earn" ponzis deserves to get wiped out in my opinion.

>>50346161
That's still too much.
I would offer 1 NFT.

>>50346163
>I can't see anyone getting their money back.
sure they will, they can just go through the normal chapter 11 process as an unsecured creditor

>>50340413
I mean is this any different than the dozens of rug-pulls we see from other shit-coins and crypto.

Only difference is courts going to at least give some of it back after a while.

Squidgame
Luna yield
OneCoin

>>50343276
Maybe they issed the NFTs themselves, basically cashing out millions from voyager/Bancor

Elmer Fud wins again!

And as predicted, mt. Gox 2.0

>>50339958
>not your wallet, not your crypto
we warned you anon
now reap the whirlwind

>>50345313
Not a single crypto "lender" is going to survive the regulatory outcome. Also nexo is insolvent. Try to withdraw bigger sums, you get locked for 2 weeks

>>50340420
without them there's nothing left..

>>50340857
kek

>>50342188
Your wife is gonna leave you

>>50346382
Not saying that Nexo is safe, but I withdrew $100k just a few days ago. What do you mean by "bigger sums," anon?

>>50346516
25K Link
>we are sorry to inform you that your withdrawal can only be completed in 336 hours
>we thank you for your cooperation

>>50340428
>which filed so they could continue booking people for flights then cancelling said flights while taking the consumer's money
ftfy

>>50339896
I got $300k in USDC off of celsius a couple weeks before they froze things
AMA

>>50343276
They probably minted the dickbutts and literally paid themselves with users money.

Funny how this celsius thing is irrelevant to me.

>>50340613
>I hesitated the day before it locked up because I didn't wanna get locked out from earned account if I withdrew.
Lesson learned. Never EVER let something like lockup rewards, muh yield, etc prevent you from protecting your principle stack

That's crypto scam bait

why do you retards keep falling for these scams? this is some boomer on a computer level retard shit

>>50341850
Nope kucoin is

>>50346694
>yes i know this is all totally unregulated and has been plagued by thousands of scams, collapsed ponzis and rugpulls but this is the one
>these guys are legit and will never dump and run, they totally said so and that's good enough for me

>>50346765

>>50346115
Allude my dick christfag.
Did you talk to your imaginary friend today?

1 BTC
12 ETH
15k Stables
250 AVAX

It wasn't everything but it was most of it

>>50343582
Depositing LINK (in particular) there was shilled nonstop 2019-2021, especially after the drop from $20 in 2020. At the time smart anons noticed the jewish tricks unfold and tried to warn the retards, but paid shilling works, folks.
Now, with the benefit of hindsight, it's obvious why celsius wanted LINK.
I was going to pull the trigger a few times but always chickened out in the end. Greed is a hell of a drug.

>>50346804
The worst part about this is the hypocracy.

>>50344985
Shorting LINK with Celsius is the entire business model of NEXO.
That's how you get your APY from them regardless of the asset you gave them to immediately sell/use as collateral.
Tick tock, parasite.

>>50341436
Do you even listen to yourself brainlet. If it reaches that level of valuations then your fiat becomes increadingly (as we are witnessing right this moment) worthless. That's why everything is more expensive. Your paper gets diluted.

>>50346966
Hypocracy? Are you american per chance? Fucking mutt education

>>50339958
Had 110k usdc in there. Approx a third of my crypto and net worth gone, but at least my cope of I had 30k interest total from all platforms so really only 80k lost plus if I had held crypto instead of usdc from last summer I'd be down way more than a third

I'll make it back. Why did I trust a fucking kike

>>50339896
It was a fucking scam.. glad it's brought to a hault

>>50339938
Are you comfortable in the grave already? Ghostbusters affiliate

>>50340292
This same shitty reason is why regulation should sets into DeFi..

Kikes, every fucking time no exceptions.

>>50339958
you could make that back in two years even as a wagie

>>50340366
You could have saved your ass if you had utilise all that funds in yield generators.. safe and decent rewards

>>50343873
HAHHAHAHAHAHAHAHAHHAHA

>he doesn't know about the 90 days

>>50340375
True Anon.. I had some liquidity stacked in AAVE on yield generator via SpoOL.. having peace of mind and acute decent rewards

>>50347495
See pancakebunny

>>50342249
I don't think you know what the word market means

>>50343296
>>50343444
>>50343467
>>50343478
>>50343498
>>50343513
>>50343529
>>50343551
>>50343558
>>50343567
>>50343582
>>50343595
>>50343601
>>50343619
>>50343629
>>50343631
>>50343647
>>50343659
>>50343676
>>50343737
>>50343704
>>50343768
>>50343741
>>50343817
>>50343801
>>50343768
>>50343822
>>50343835
>>50343873
>>50343903
>>50343882
>>50343987
>>50343910
>>50343991
>>50344014
>>50344097
>>50344074
>>50344050
DECENTRALIZED FINANCE DOES NOT EXIST NOR NEVER WILL

ANYTHING THAT LABELS ITSELF DECENTRALIZED IS A FUCKING SCAM STRAIGHT UP.

A decentralized blockchain would be where everyone has their own coin and chain and can create whatever rules they want on their chain.

All these coins and tokens have a centralized ledger that records all transactions, like the ledger in a bank.

It doesn't matter if it's an oracle or a blockchain or God recording transactions. Everybody is a fucking liar and a fraud. Ya'll can't be trusted with decentralized finance.

Case in point.

Can't wait for people to figure out that Web3 will offer the exact opposite of what they're advertising it as. "What do you mean I have to KYC to use the internet!? I own my data."

>My data
What data? Your name? Age? DoB? Address? Oh we don't collect that information because it doesn't tell us anything. Hey where your IP address goes on the web while connected to the public internet isn't your data. It's the internets data.

It's gonna be great I tell ya. The amount of copium is gonna be unreal.

>>50346128
>Even after the haircut i expect the buyout to be a 6-figure offer
kek, celsiusfags are the worst

>>50342507
this is honestly why most investors lose, even if they do well it only takes one bad decision to wipe away everything you've done with your life

>>50346209
Nigga that is an NFT. It's called Non Functional Token for a reason.

>>50347581
There are no bad decisions in this life. Even taking no action and doing nothing with your life isn't a good or bad decision.

>>50347549
Itheum solves this

>>50347533
Stfu fag

>>50343276
>maybe these consumer protection laws are good for consumers after all
and this is why the poor will always stay poor. You need to take risks to make money, if you do it stupidly of course you'll end up getting burnt. Consumer protection just means that only the rich will be allowed to take reasonable risk and the poor won't be able to at all. Have some sense of personal responsibility for once.

>>50346882
>BTC
>ETH
I’m glad you lost those shitcoins.

>>50346163
wow if he believed in a coin with real utility he could've staked it on defi

>>50341618
I'll just buy a large stack when the price is below a dollar

>>50346300
This. That was definitely what they did.

>>50347661
This wack brownie..
Don't risk stupidly, risk smartly.
I rather get on protocols with calculated risk

>>50347768
Right now, utility alone is a cliche, having a viable working utility still stands out.. Normies will argue facts

Just an FYI, they filed chapter 11 not chapter 7. This is actually better for unsecured creditors - customers - as it allows them to slowly pay off debt while still functioning. I'm pretty sure This means some customers will get money back.

This is a more expensive bankruptcy proceeding so it's unlikely they would do this if they didn't think they could get more money paid back as a result.

>>50340771
correct. Gen Xers on here did the same during the dot com 'boom'.
You can rebuild surprisingly quickly

>>50347967
It was a three like ponzi that brought DeFi to the ground..and it's unfortunate
Had some liquidity in Celsius late last year, lucky I got out early got a new house. Still got a moderate bag of BNB SPOOL KCS ETH

>>50347967
It was a three like ponzi that brought DeFi to the ground..and it's unfortunate
Had some liquidity in Celsius late last year, lucky I got out early got a new house. Still got a moderate bag of BNB SPOOL KCS ETH

>>50347967
oh you'll get your money back alright.....eventually

>>50347964
Verilqy.. most use cases are blatant fallacy, no doubt. Smarter projects got smarter problem solutions

>>50341957
They did it with luna - I saw more activity on a semi-normal site when luna was dying than ever before. People that never posted in the crypto threads coming in to report that they had bought. It is dumb.
>because it might moon
K what about the other thousand options that existed before and after that particular product died?

>>50348110
Not too sure of other utilities, but various DAOs are adopting SpoOL as a treasury management tool , to save them from going into trenches. Tell me what more do I need as a utility kek

>>50348093
It's possible yeah

But actually I pulled everything off Celsius when I noticed they were not liquidating customer collateral even though their loans hit the margin call price... I saw that Nexo were doing that so moved their instead.

Also Celsius CFO then got arrested for financial fraud he committed at another company.... Big red flags ;-)

Look on apple store. Celsius app had 5 star rating, why? They never liquidated positions that hit the strike price - meaning they took stupid risk. Nexo had 3 stars, every negative review on Nexo was little bitches complaining about how they got liquidated at the quoted margin call strike point.

>>50348071
>>50348080
WTF?

>>50347549
>le mass reply for no reason face
Get a trip so I can filter you

I'm really out of the loop, but did you fucks think you can do decentralized finance, on a centralized exchange?