/biz/ - Business & Finance

[Anonymous No.23810803]

get your deposits off of Celsius now
Cred pumped bigly right before getting dropped by Uphold
Celsius is pumping now
wanna know why?
pic related
Celsius got desperate and hired a porn star to
do their bidding aka blowjobs for them
to entice institution lendng

[Anonymous No.23810901]

>>23810803
fuck you

[Anonymous No.23810975]

Jewish nepotism and not being hideous got her the job. Did the CEO of Cred do an AMA on YouTube every week? I agree that Celsius sounds too good to be true, and it's ridiculous to trust a Jew. But they're putting a lot into the scam.

[Anonymous No.23811037]

>>23810803
Are we doing this again?

[Anonymous No.23811057]

>>23810803
Cred sucked and was losing money always. Celsius network is profitable and based. Weak fud

[Anonymous No.23811136]

>>23810975
>too good to be true
>5-7 % interest rates
until ca 20 years ago, any bank did this for basically 1000 years. Why did it stop? Because they have thousands of 0 value producing, expensive boomer employees making way too much because that's what they always did. Celsius is basically a startup structure with mostly devs, some security and some marketing people and that's why you can get this money.

Cred was givig out loans to literal pajeet tier borrowers, Chinese miners so yeah good look trying to get money back from then when they default. Celsius has a much higher bar from who they borrow to

[Anonymous No.23811400]

>>23811136
Got a small bag of xerpies on there waiting for the Flare airdrop, so I'm not totally dismissing Celsius. The worst that can happen is they stop paying interest, right? When normies can buy CEL with fiat, I'll breathe a little easier.

[Anonymous No.23811435]

>>23811400
source

[Anonymous No.23811477]

>>23811435
Don't bother. I spent six seasons of Community thinking about Alison Brie's tits. Then you see them five minutes into GLOW and she lost half of them losing weight to do the show.
I've watched seven minutes of GLOW.

[Anonymous No.23811802]

>>23811400
technically the worst thing tat can happen is that they either go bankrupt or get hacked and can't give your funds back. But the odds of this are small.

I went from being extremely skeptical to having almost 75% of my ETH stack in there. I'll tell you some of what convinced me.

You should watch some of the AMA's on security, their security head has 15 years of experience in cybersecurity in the Israeli army. They passed many independent audits and use top tier encryption and mpc. Also, they don't loan to anyone, only tier 1 players and this is important in respect to f.e. Cred having problems because they lent to shady Chinese miners just dissappeared on them. Some metric of success for Celsius is that they ost 0 funds for depositors and also had 0 borrowers default in the march flash crash. At the moment Celius has I beleve ca. 600mil CEL outside of what users deposited, which can be used worst case to repay users if tehy lost some in a hack or something like that.

The Cel token: Mashinsky's flywheel theory seems to work wonders. Basically, all the users who earn in Cel get paid Cel that Celsius market buy themselves so because Celsius know they'll need to pay out an ever increasing amount every months they have a strong icetive to buy cheap when they can and they buy basically every dip (hence the undumpable pump of the last few months). Also, borrowers get discount when repayin in CEL so these also have incenive to keep buyig. Importat as well: CEL has actual limited supply and no minting in it's smart contract.

A side note: of course the safest is havig crypto in your cold storage, nothing beats that. Anything that is not that: there's always risk. Exchanges can get hacked, defi smart contracts can break or get hurt in crashed too. I used to have most of my ETH in AAVE, and actually I think Celsius is safer.

[Anonymous No.23811840]

>>23810803
bad quality fud, if celsius was going to fail, it would have been on the march crash, and guess what, it only went up.

[Anonymous No.23811847]

the whore was fired, nigger

[Anonymous No.23811868]

>>23811847
she was hired first, kike

[Anonymous No.23811890]

>>23811802
I'm one of those normies who need to have Coinbase dumb it down to trisomy 21 level, and just managed to trade some ETH for CEL with Uniswap. I'm convinced now.
The flywheel theory seems sound, but Bitconnect probably seemed foolproof to the people buying into it back in the day. Then again, Bitconneeeeeeeeect wasn't run by a Jew.

[Anonymous No.23811895]

>>23811802
Thanks for the info, i have my meager 300 link in there and feel safer now

[Anonymous No.23812113]

I see men doing crazy things, new inventions, new models, new paradigms. From the programmer to the sculptor, men always creates greatness, always creates things with purpose, which pushes humanity ahead of the animal condition.
But when I look at women, they dont create anything. Its only whoring, whoring, and more whoring. If anything, they pushes humanity back to the animal condition, so they are a deterrent.
So, why are women still around? Why men still didnt create clones, or robots, or even virtual devices, to replace them?

[Anonymous No.23812254]

>>23811802
ever think about why CEL spontaneously went up? what has changed? did something change?

[Anonymous No.23812359]

>>23812254
well I have considered using it and checked the website once like 6 moths ago or so, and it looked like shit. Now the website and the app are pretty good. So I think it's just user growth (was around 30k summer '19, around 200k like 3 weeks ago, 215k now) and thus incrasing people earning & hodling CEL, thus increasing incnetive for Celsius & big borrowers to buy earlier before it gets more expensive.

Celsius does seem to have a large amount of people who just hold in the community, which is also an important metric for price growth, as f.e. Chainlink shows.

One more thing that's important concerning CEL: there is a lmited total amount in the smart contract, and team token unlocks come in 3 waves and are unlocked at price levels. One is at $1.50, another one at $2.50 and $3.50 I believe (token has to keep above that level for a week). Tying the ability to unlock to price performance instead of time is based as well

[Anonymous No.23812370]

>>23810803
Why is /biz/ always threatened by successful women?

[Anonymous No.23813206]

>>23812370
Successfully facialed you mean?