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Celsius files Chapter 11

Posted on 7/13/22 at 8:56 pm
Posted by dualed
Member since Sep 2010
4695 posts
Posted on 7/13/22 at 8:56 pm
Not good for a lot of my friends who had tens of thousands locked up with them.

LINK
Posted by Jon Ham
Member since Jun 2011
28589 posts
Posted on 7/13/22 at 9:00 pm to















2 hours later














Posted by supadave3
Houston, TX
Member since Dec 2005
30263 posts
Posted on 7/13/22 at 9:06 pm to
quote:

Not good for a lot of my friends who had tens of thousands locked up with them.


I'd be sick if I'm lost a chunk here. It wasn't very long ago that Delicious was highly regarded by some around here.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422567 posts
Posted on 7/13/22 at 9:11 pm to
quote:

Not good for a lot of my friends who had tens of thousands locked up with them.


RIP rocket31
Posted by thegreatboudini
Member since Oct 2008
6453 posts
Posted on 7/13/22 at 9:17 pm to


Actual quotes below

quote:

I can get 12% with zero risk at all so


quote:

nope go to celsius right now and deposit usdc, 13%
Posted by jmcwhrter
Member since Nov 2012
6569 posts
Posted on 7/13/22 at 9:38 pm to
Posted by 21JumpStreet
Member since Jul 2012
14652 posts
Posted on 7/13/22 at 9:52 pm to
Hard lesson. Should have listened smh
Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 7/13/22 at 9:56 pm to
Wooooo i pulled everything out when they said they wouldnt pay yield on new deposits anymore. Just seemed like a really bad sign.

Thank you instinct!

Crypto will have its day again, but it sure as shite wont be with a democrat administration in the white house.

edit: who downvoted me? frick you and frick joe biden.
This post was edited on 7/13/22 at 11:03 pm
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35340 posts
Posted on 7/13/22 at 9:57 pm to
Pour one out for the homie
Posted by Strannix
District 11
Member since Dec 2012
48929 posts
Posted on 7/13/22 at 9:59 pm to
quote:

I can get 12% with zero risk at all so




Half of us could retire with a no risk 12%
Posted by BottomlandBrew
Member since Aug 2010
27098 posts
Posted on 7/13/22 at 10:03 pm to
He laughed at me when I posted the Celsius ToS saying users were shite out of luck if Celsius went under. I'm not laughing back because I hate to see anyone down, but I still want to say "I told you so."
Posted by TheWalrus
Member since Dec 2012
40541 posts
Posted on 7/13/22 at 10:37 pm to
Lol at any moron who lost a penny with this crap

Double lol at rocket31 who thought we were all morons for expressing doubt
This post was edited on 7/13/22 at 10:40 pm
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 7/13/22 at 10:39 pm to
REST IN PEACE

ROCKET31


Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 7/13/22 at 10:42 pm to
quote:

Actual quotes below

quote:
I can get 12% with zero risk at all so



quote:
nope go to celsius right now and deposit usdc, 13%



dude was a moron.

NO RISK?? WTF was he on? crack? opium? hashish?


Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72674 posts
Posted on 7/13/22 at 10:50 pm to
LINK

quote:

while money talk plebs buying ibonds and under armor stock like they're clever. bro what. fn lmao I had to mostly leave this forum. zero growth for my brain. mid level thinking. sad really.


joke is on you mfer. LOL. we get the last laugh. keep crawfishing like you did not lose your arse.

oh and no i do not feel sorry for you either

in fact

Posted by USMCguy121
Northshore
Member since Aug 2021
6332 posts
Posted on 7/13/22 at 10:58 pm to
if you want a good laugh, go to the celsius wallet reddit. 6 figure losses, the suicide hotline is the top thread


Posted by CE Tiger
Metairie
Member since Jan 2008
41584 posts
Posted on 7/13/22 at 11:06 pm to
I’m glad everyone enjoys laughing at others misery but a lot of good people lost a lot of money with these platforms going under. Did we know the risk yea I guess so but with how big these platforms were and the amount of money being pumped into it you kind of get that it won’t happen to me blinders on
Posted by slackster
Houston
Member since Mar 2009
84896 posts
Posted on 7/13/22 at 11:09 pm to
quote:

Crypto will have its day again, but it sure as shite wont be with a democrat administration in the white house.


How are they related?
Posted by slackster
Houston
Member since Mar 2009
84896 posts
Posted on 7/13/22 at 11:13 pm to
quote:

I’m glad everyone enjoys laughing at others misery


There is a difference between dunking on rocket31 who begged for this type of negative attention and laughing at the everyday crypto investor who lost a ton on these platforms. I’m going to lose a couple thousand dollars on Voyager that I didn’t liquidate fast enough, but that’s peanuts compared to others.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 7/13/22 at 11:25 pm to
Absolutely nobody is going to want to hear it that just lost money, but it’s probably healthier for the crypto ecosystem long term that people learn the risks that come from yield earned from these centralized lending platforms; and of course “not your keys, not your coin” comes to mind.
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