Mike this happens quickly., slow slow slow and then bam, it’s over.
If the terra collapse didn’t teach ppl im not sure what will.
Celsius is insolvent. It will result in an attempted flash exit which will result in a notorious “bank run” larger than we’ve seen in the space..
you dont understand: steETH only affects the problem that right now you get less for you stETH. But Celsius is not forced to sell anything unlike Luna had to sell to restore a peg. You are a papagei that does no good to a good company…Fucking double check before u join the 🐑
Celsius has collapsing..that's why.
And tether is the biggest investor on celsius.
🍿
8. Is there risk to Celsius as a business? Absolutely, but I believe it’s low and I am willing to have a portion of my assets with Celsius
9. They will get stronger with banking on ramps and credit cards coming soon
Seems likely Alameda is buying stETH in size (likely at steep discount) from Celsius and then selling ETH.
Celsius the Substratum of this cycle?
For me the probabilty of this tweet being a kind of FUD is too high to take it seriously. As long as I'm in the crypto game, even in this bear market, I'm keeping my funds with Celsius
U either trust the team or you don’t. Choice is yours but I have met all the founders and know they are trying to make real change in the world.
Not just lip service so I bought more $CEL today to show my support.
@CelsiusNetwork @Mashinsky @NukeGold @sdanielleon
How much of the entire pool of assets managed by Celsius was lost in the BadgerDao debacle?
doesn't celsius own over 100,000 bitcoin? im assuming they have dump them if they fail
cpi bad = market down
celsius/steth fud = eth down more
You are talking poop 💩!! I can pull my assets of Celsius any time! Why should I ! Every Monday I receive my weekly interest. And as for support more poop 💩 from you. They have a phone number clear on site. Some exchanges it’s impossible to find . #Wirex I took to court 4 funds
Why did you use Celsius in the first place? Not your keys not your crypto
Yup, 99% of my assets are off the platform now as well. It doesn’t hurt to lose a few weeks or months of yield to see how this plays out. The risk, real or perceived, is too high at the moment.
Well if you can’t stand the heat don’t post FUD. happy to be proven wrong but blocking people because they hold you accountable say more about you and Cory than anything else. I have DMs from Cory what a charlatan he is. Celsius is not a ponzi. Hex is the ponzi.
Let’s push $stETH : $ETH below 0.80 and get to STEPPING. Thanks @CelsiusNetwork! 😈
After stETH got depegged from ETH, AlamedaResearch exited their position yesterday and sold nearly
After stETH got depegged from ETH, AlamedaResearch exited their position yesterday and sold nearly 50,000 ETH. CelsiusNetwork is also running out of Funds to pay back their Investors there are currently $1.5B worth of Requests.
Been on hold with @CelsiusNetwork for 3 hours over 2 calls (dropped from first one) and no resolution in sight. 13 hours to liquidation.
stETH / Celsius Situation
There are currently lots of speculations about Celsius being potentially in trouble and having to unwind their stETH positions off peg to satisfy ETH withdrawals, which could in turn turn some of their loans bad.
Are they really in trouble?
I saw a post in r/cryptocurrency about celsius struggling to pay back their investors. It said they currently have $1.5B worth of requests that they are struggling to keep up with. Am I missing some context that makes this less of an issue than it sounds like it is?
stETH is depegged, trading at .95
Liq is drying up & smart money is pulling capital. Coupled w/ the rumoured risk of Celsius' functional insolvency, there could be significant selling
Me & @Crypto_Joe10 & have been researching this for the past week
Here is what we found
wrong.
They will be sued and taken to the cleaners.
Celsius have a fiduciary responsibility to protect their shareholders.
Lawyers and notaries are hard at work in the background. As we type.
The wheels of justice turn slowsly ... (Not a spelling mistake)
@MikeBurgersburg
They took your investment and used it for other things instead of holding it as collateral like they say so they don't have your money anymore so good luck getting it back that's why you don't use custodial or Central networks in crypto
Bots scaring people. The solidarity world friendly system changing universe of crypto. My god! The stock market is nuns next to this crazy carrousel