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Started By
Message
re: Official CryptoTalk Thread
Posted on 6/12/22 at 2:09 pm to cable
Posted on 6/12/22 at 2:09 pm to cable
quote:Broad brush there - what do you think of Bitcoin?
The same reason I've followed shitty investments since I started playing the game. It helps you to learn so you don't frick up and make mistakes. One of first lessons I learned was if a lot of stupid people are in some investment - stay the hell away from it. I'm watching y'all - if I thought this bullshite was viable I'd be in it - it's not and I can tell by the level of discussion that goes on.
0
Posted on 6/12/22 at 2:10 pm to Fox McCloud
quote:The entire crypto space or most of the shitcoins? Whats your thoughts on Bitcoin?
Crypto is about to have a slow bleed to irrelevancy. It had a nice run but it was just a fad.
Posted on 6/12/22 at 4:15 pm to Fox McCloud
Just chiming in to say this is nothing compared to 2017. 
Let it keep dipping, better buy opps imo.
Let it keep dipping, better buy opps imo.
Posted on 6/12/22 at 5:23 pm to UnluckyTiger
That is what all the people trying to dunk on crypto don't seem to realize... Crypto has been through way worse.
The bear markets are a cleansing of crap. They wash away so much of the noise and pumpamental projects, and leaves mostly the builders and settlers to build things that are worthwhile.
The bear markets are a cleansing of crap. They wash away so much of the noise and pumpamental projects, and leaves mostly the builders and settlers to build things that are worthwhile.
Posted on 6/12/22 at 5:46 pm to Hulkklogan
Yeah I’m cracking up at the told ya so’s when BTC is still up 24k from March 2020.
Posted on 6/12/22 at 6:22 pm to TigerTatorTots
They are all shitcoins. Even BTC. It’s over. Going to be a slow death to the bottom. All the reasons people were told to buy BTC for have been exposed as a lie.
Posted on 6/12/22 at 7:07 pm to ronricks
(no message)
This post was edited on 6/12/22 at 7:14 pm
Posted on 6/12/22 at 9:24 pm to JayDeerTay84
Celsius just froze all withdrawals.
quote:
“We are writing with a very important message for our community.
Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.
Acting in the interest of our community is our top priority. In service of that commitment and to adhere to our risk management framework, we have activated a clause in our Terms of Use that will allow for this process to take place. Celsius has valuable assets and we are working diligently to meet our obligations.
We are taking this necessary action for the benefit of our entire community in order to stabilize liquidity and operations while we take steps to preserve and protect assets. Furthermore, customers will continue to accrue rewards during the pause in line with our commitment to our customers.
We understand that this news is difficult, but we believe that our decision to pause withdrawals, Swap, and transfers between accounts is the most responsible action we can take to protect our community. We are working with a singular focus: to protect and preserve assets to meet our obligations to customers. Our ultimate objective is stabilizing liquidity and restoring withdrawals, Swap, and transfers between accounts as quickly as possible. There is a lot of work ahead as we consider various options, this process will take time, and there may be delays.
We thank the incredible Celsius community for your support today. It is our pleasure to serve you. Our operations continue and we will continue to share information with the community as it becomes available.
Sincerely, The Celsius team”
Posted on 6/12/22 at 9:27 pm to BottomlandBrew
Ouch. That's bad. Get your money off centralized exchanges. Asap.
Posted on 6/12/22 at 9:29 pm to ronricks
How much longer until BTC dies?
Posted on 6/12/22 at 9:34 pm to BottomlandBrew
Last time we were at these level inwas hearing there was a Celsius cascade liquidation risk. LINK I guess they didn’t fix it. Hurry, go print some more tether, Paolo!
Posted on 6/12/22 at 9:40 pm to TigerDeBaiter
I was on r/ethfinance a few hours ago and someone posted that Celsius sent 3,500 and 2,500 BTC to FTX, as well as 50,000 ETH to FTX. Now they announce withdrawals are closed.
Posted on 6/12/22 at 9:41 pm to FnTigers
God I love hardware wallets, I don't trust these companies as far as I can throw them.
This post was edited on 6/12/22 at 9:46 pm
Posted on 6/12/22 at 9:48 pm to BottomlandBrew
Yeah, they’re done. Toast.
Posted on 6/12/22 at 10:12 pm to BottomlandBrew
Yikes.
Posted on 6/12/22 at 10:15 pm to BottomlandBrew
quote:
Celsius just froze all withdrawals.
And I am out…. Call me Paper Hands Lester.
Posted on 6/12/22 at 10:24 pm to UnluckyTiger
Celsius has now moved 104,000 Eth and 9,500 BTC to FTX. Stick a fork in Celsius.
Eta: I don't math good. Still a lot of Eth.
Eta: I don't math good. Still a lot of Eth.
This post was edited on 6/12/22 at 11:07 pm
Posted on 6/12/22 at 10:27 pm to BottomlandBrew
So they are liquidating everything? Man when do the lawsuits start, Jesus Christ
Posted on 6/12/22 at 10:33 pm to Ross
So nice of them to do this late on a Sunday night. "Hey, while you are trying to get sleep to go mine fiat, uh, frick you. Bye."
Posted on 6/12/22 at 10:39 pm to BottomlandBrew
yeah this news led me to remove the last of my holdings from Coinbase. Not your keys has never seemed so relevant
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