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/biz/ - Business & Finance


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File: 30 KB, 1024x512, celsius.jpg [View same] [iqdb] [saucenao] [google]
49677264 No.49677264 [Reply] [Original]

A friend of mine has a lot of money in this. Like their entire life savings. Can you explain to me like I am a child what it is, what happened to it, what will happen to it in the future? Are they fucked?

>> No.49677319
File: 6 KB, 300x168, download (12).jpg [View same] [iqdb] [saucenao] [google]
49677319

>>49677264
WASA WASA WASA WASSUP

>> No.49677372

>>49677264
Yes they're fucked. They're not getting their money back either.

>> No.49677375

>>49677319
kekd

>> No.49677393

>>49677264
HOLD MODE: ON

>> No.49677428
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49677428

imagine trusting this guy with all your coins. smdh tbqh familam

>> No.49677565

>>49674099
>the Bears couldn't push it below $20K
wtf are you talking about lol, it only reached 20k yesterday, give it time

There is no way celsius isn't getting liquidated, as if the powers that be can resist the largest single liquidation ever in crypto
We are going lower

>> No.49677629
File: 2.61 MB, 640x640, celsius-celsius-energy[1].gif [View same] [iqdb] [saucenao] [google]
49677629

email - "There is absolutely nothing to worry about we created a new company this morning. We have entered the energy drink sector. Already business is booming. Give us a week and you will be able to remove your hodl button. Everything is on track and we are up 20% already since starting our new venture this morning". Jessica Khater, Instituational Marketing Liason

>> No.49678478

>>49677264
It was a “crypto bank”. Unlike a traditional bank, it can’t ask Uncle Sam to print them money when their pyramid scheme collapses.
That’s the whole point of the federal reserve, to prop up Ponzi schemes. But they can’t help ones like Celsius, because they have no control over crypto’s supply.
Your friend got what he deserved.

>> No.49678511

....and its gone!

>> No.49678609

>>49677264

Not your keys not your coin. God damn people.

>> No.49679567

>>49677264
You know like, you like to make money like, and like, you invest it like, to a platform like Celcius like, but its not your keys like, its theirs like, so they can fuck you over like.

>> No.49680436

>>49677264
not your keys not your coins. he's fucked haha what an stupid idiot haha. imagine reading the bios of the team behind celsius and putting your money into it.

>> No.49681648

Imagine holding your coins on a staking platform through a bear crash.

>> No.49681703

>>49677264
they put their life savings into a ponzi scheme. They are fucked (and they deserve it)

>> No.49681818

Why does the CEL token keep pumping? Its outperforming Bitcoin and every alt right now.

>> No.49681854

>>49681648
This is the biggest part. Rewards eventually didn't outweigh the counterparty risk, and people (like my dumbass) still chose to stay

>> No.49681956

>>49681818
It's a short squeeze from people at Celsius.

It will eventually fall again, so don't buy that shit.

>> No.49682142
File: 2.59 MB, 498x401, emoji-open-eyed.gif [View same] [iqdb] [saucenao] [google]
49682142

>>49677393

>> No.49682157

Refund?
Right this way sers.
https://celsius.network/refunds

>> No.49682207

>>49681956
literally the exit pump

>> No.49682264

> le not your keys le seethe
has there ever been anything even resembling a real discussion of anything here? its all bots, right?

>> No.49682374

>>49677264
It was probably a ponzi scheme and they will never get their money back. They were probably only able to offer the high interest rates they could because of ponzi financing and not any real lending.

>> No.49682477

>>49677264
This is 100% honest to God a full proof way to get your money out If you have under $10,000-25,000

https://twitter.com/jbrowder1/status/1536907143592300545?s=21&t=b1JGeXHt2r-sP_LOHPHH8Q

>> No.49682756

>>49682477
They won't be around long enough for you to serve them papers, much less get a judgment in your favour.