Celsius Halted the withdrawls

anti_dote

anti_dote

Supreme Member
Joined
Dec 20, 2009
Messages
1,375
Reaction score
356
As we all know by now that Celsius has halted the withdrawals, luckily I took out 90% of my funds before this. But what do you think will be the outcome, is this a temporary freeze? will they be able to recover? Can we get our funds back?
 
Advertise on BHW
anti_dote said:
As we all know by now that Celsius has halted the withdrawals, luckily I took out 90% of my funds before this. But what do you think will be the outcome, is this a temporary freeze? will they be able to recover? Can we get our funds back?
Click to expand...
Could be the next LUNA fiasco :/
These "projects" never care about their clients
 
LuckyGamble said:
Could be the next LUNA fiasco :/
These "projects" never care about their clients
Click to expand...
Let's hope it doesn't end up that way because they have Billions in Bitcoin which will be catastrophic for the whole market.
 
KingyOfficial said:
Celsius Network is a USA based company, compliant with SEC, & is even backed by venture capital.

Luna-- created by Terra Labs a decentralized ecosystem in compliance with no one, backed by nothing, & included a algorithmic stable coin backed by nothing.

Yes Celsius does partake in defi to generate yields for users as one of its ways of earning profit but there is essentially no comparison between the 2. One was a defi ecosystem & the other is essentially a centralized wallet for staking or in comparison to a crypto bank account (even though they didnt advertise as that)

Halting all transactions was definitely a really bad look & also contradicts all of their entire marketing campaigns based around "your funds are safe and access your funds anytime"

Opinion: They will enable transactions again, but the future of the company is most likely toast.
Click to expand...
I hope they unfreeze funds because I still have 4 figure funds with them. But luckily took out 90% of my portfolio already. Yes, they can't be compared with Luna, they have literally Billions in BTC and are considered one of the biggest whales in the industry even surpassing Micro Strategy. You are right after this no one would like to keep their funds there even if they offer 30% APR
 
When someone is giving you too much you should be careful. The gave 30%apr as I know. Bad time for crypto, btc will drop to 12k maybe.
 
pewebly said:
When someone is giving you too much you should be careful. The gave 30%apr as I know. Bad time for crypto, btc will drop to 12k maybe.
Click to expand...

BTC hitting 12K is extremely unlikely. Even if slides are under $21K it will be catastrophic as many big positions will get liquidated. So I think, this is the bottom or things will get extremely messy.
 
LuckyGamble said:
These "projects" never care about their clients
Click to expand...
i think celsius is a company registered in the USA, so they kinda do, in the way companies do. but yeah, if they get liquidated out of their position, its going to be a whole show and folks are going to get fucked even harder. 1st worlders may have some legal options since it's a company, but LatinoAmericans with their grand live savings of 1500usd are going to pound sand.
 
JavascriptPufferfish said:
i think celsius is a company registered in the USA, so they kinda do, in the way companies do. but yeah, if they get liquidated out of their position, its going to be a whole show and folks are going to get fucked even harder. 1st worlders may have some legal options since it's a company, but LatinoAmericans with their grand live savings of 1500usd are going to pound sand.
Click to expand...
Is that you, @Willyfish ?

Yeah, maybe people won't fight for $1500 but americans will do
 
LuckyGamble said:
Is that you, @Willyfish ?
Click to expand...
nah, mom said it's my turn to use the computer
LuckyGamble said:
Yeah, maybe people won't fight for $1500 but americans will do
Click to expand...
its less about the number and more about resources and channels, I think. even if someone from Argentina lost 40.000usd on this, they wouldn't be able to do anything about it and would have to submit to whatever celsius decides, if anything. waging international legal war on these shitty countries is just not feasible. if you have 40k in crypto around here, you almost certainly have it undeclared. and that's without taking into account the idiomatic barrier.
 
anti_dote said:
I hope they unfreeze funds because I still have 4 figure funds with them. But luckily took out 90% of my portfolio already. Yes, they can't be compared with Luna, they have literally Billions in BTC and are considered one of the biggest whales in the industry even surpassing Micro Strategy. You are right after this no one would like to keep their funds there even if they offer 30% APR
Click to expand...
Did they gave any reason before this change or just instant block ?
 
seomaster5 said:
What is the recent update ? Did you for your remaining 10℅ ?
Click to expand...
Unless the dust settles down, they will not be resuming withdrawals. Bitcoin has to get stable and go higher so it can avoid liquidation. Then only they will resume back the withdrawls.
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top