ETH20ETH200ETH600
New set of promo codes. Not sure if the old ones still work.
Suggest using binance to buy or convert LTC, send to blockfi convert LTC to ETH then to Celsius for cheap fees.
Transfer $500 / $5000 / $20000 USD of ETH & Hold for 90 Days, Get $20 / $200 / $600 USD worth of ETH @ Celsius Network
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Korban Dallas on 22/01/2022 - 18:59 celsius.network (1321 clicks)
Last edited 16/03/2022 - 09:28 by 1 other user
Last edited 16/03/2022 - 09:28 by 1 other user
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No.
Great argument.
On-chain data shows that there is a liquidity shortage.
That doesn't show a shortage at all it just says low supply. Since supply is relative to demand it means the demand must also be really low for prices to continue to drop.
In a scheme that relies purely on new suckers to buy in to prop up the price I'd be very concerned at this. Low supply AND lowering prices is a strong indicator that value is about to take a dive.But hey, maybe hundreds of years of economic theory have it wrong and crypto bros know better…
@1st-Amendment: A liquidity shortage is a low supply.
The price going down is a good thing.
The more the 🥬 🙌 panic sell the bigger the discount. I would rather buy at $30,000 or lower than $69,000.
I hope the SPX takes a dive on Monday. I'm eyeing ETH at $2,000, BTC at $30,000 and TSLA at $900.
I would rather buy at $30,000 or lower than $69,000.
Except when it goes to $20k or $10k or $0 then you would rather have not bought. But who needs substance for anything when you live in a land of arbitrarily assigned value and can just make it as you go…
Except when it goes to $20k or $10k or $0 then you would rather have not bought.
We just had Christmas. It'll be an early Christmas if the price went that low.
We just had Christmas. It'll be an early Christmas if the price went that low.
Because reasons.
Crypto bro logic in action…
Got me excited I thought it was Meth.
🤣🤣
Hi an IT nerd here. I've been curious about blockchain and crypto so i did a lot of research from the technical aspects and i just want to share some of the facts.
1. The ethereum network is currently jammed and that's why the transaction fees are so high that all the applications are basically unusable. Previously "London" update in 2021 attempted to solve this problem but failed. Another major update is due this year but after reading their meeting minutes, it seems that they are still struggling.
https://bitinfocharts.com/comparison/ethereum-transactionfee…When such a big change is made to a protocol/program, you can often expect a lot of bugs (also since there are comparably less developers) and thats why cryptos is hacked so often. In sep 2020, ether was hacked badly and it's only going to continue.
All the cryptos currently have terrible UX/UI, users need to make sure the address is 100% correct and the selected chain also needs to be correct. Otherwise, your money will basically be lost. A good developer will always consider human error and do not put the responsibility on human. This is just bad.
Also check the major holdings. They basically control the price and they can leave the network in an emergency before you do by choosing to paying more fees (e.g. a fee of $10000). So yeah just be careful.
Im not saying its completely useless but at this stage, the price is def being manipulated. Just be careful.
Eth does suck. So many better options such as SOL, BSC and ADA
Except when SOL goes offline - like today. Image not being able to sell and getting liquidated.
I can't imagine traders getting liquidated when the validators aren't producing blocks.
@rektrading: most exchanges don't go to the blockchain unless you request a deposit/withdrawal and each vary on how often they "settle". As they each hold buffers they don't need to "settle" on the blockchain unless it goes too far in any one direction for them to provide the liquidity for
@peter05: It appears that users did get liquidated because of congestion. It caused the lending platforms and/or leveraged DEX to sell their positions.
The Solana mainnet is still in beta. Users should trade accordingly.
Sorry for the bad formatting. i wrote it on my phone and now ozbargain doesn't allow me to edit it :(
When such a big change is made to a protocol/program, you can often expect a lot of bugs (also since there are comparably less developers) and thats why cryptos is hacked so often. In sep 2020, ether was hacked badly and it's only going to continue.
and thats why cryptos is hacked so often
Ummm… no.
In sep 2020, ether was hacked badly and it's only going to continue.
Ether was hacked? I think you mean some service, DAO or exchange was hacked, etc.
IT nerds should be forgiven for not knowing the difference between Ethereum's native coin Ether and Kucoin.
https://news.bitcoin.com/worlds-second-leading-crypto-networ…
Here, the fundamental network gets forced into 2 chains.
A "chain split" caused by lazy node operators isn't a hack.
The devs published a security patch in good time before the event but the node operators were too lazy to bother running it.
That isn't a hack.
I like how saying "IT nerd here" was almost like it was some form of credibility.
I think you'll find a lot of IT nerds here…. and most won't agree with literally any of your points.Meh when you actually look at the blockchain and the dev tools for it, it is extraordinarily basic stuff.
The biggest problem these networks have is people are basically novices trying to implement bank level stuff. Blockchain itself is secure because really it is append only and the consensus mechanism they use while incredibly inefficient isn't the point hackers would target. Virtually every endpoint has been created by amateurs and that is the ripe low hanging fruit for hackers which is why why you hear of so many hacks. I think my favourite hack of the moment is in NFT's which someone drops an NFT into a wallet. Just by interacting with the NFT (even to delete) it activates the smart contract which is to extract all the NFT's from the current wallet and send them elsewhere. Since it is public blockchain you can just lookup the addresses of who has expensive NFT's and drop cheap shit in there and hope they try and delete it.
Also on the point of a big change on the protocol they generally don't happen. Making updates isn't hard but since everything is on consensus you have to get everyone on board with the change and if it is anything to do with the core you will have to fork if everyone is not on board at the right time. So while updates aren't hard its the whole getting everyone in a decentralized system to agree to them which is a nightmare.
Everything blockchain is essentially for speculation. The tech is actually a dumpster fire and privacy nightmare.
In Soviet Russia Crypto buys you, you don't buy crypto.
In Soviet Russia Crypto buys you, you don't buy crypto.
1970 called, they want their jokes back.
Also, it should be just be 'In Soviet Russia, Crypto buys you'. The bit at the end ruins the punch.
Has anyone made these promotions work by transferring tokens out then transferred the same back in?
They look for that. I tried it, since it doesn't seem to be explicitly forbidden, and they cancelled my promo. The rest have gone off without a hitch.
Not even touching crypto right now. I'm already holding a bag. Current situation feels more significant than a dip. The amount of value wiped off crypto markets recent weeks is staggering especially the past 24 hours.
I'm adding to the bag!
do you need to transfer the promo amount in one go? Or can you do it over a month?
cheersThese guys are jokers.
They will probably go bust and everything about them screams ponzi. Of course in a collapsing market they need more capital. Probably to pay out their unsustainable rates.
Their CEO was saying such bullshit he actually claimed they service more countries than exist on the planet. The CFO was busted for fraud along with a bunch of other employees and their CEO is knee deep in it.This again?
https://www.ozbargain.com.au/comment/11611327/redir
Yaron Shalem was arrested for something that happened 4Y ago before he started working at Celsius.Shalem joined Celsius earlier this year. From January 2014 to March 2018 he worked as CFO for Singulariteam, a venture capital firm launched by Hogeg.
https://www.coindesk.com/business/2021/11/26/celsius-cfo-arr…This FUD had been done before.
https://www.ozbargain.com.au/comment/11490841/redirSaying it's FUD its a bit dismissive. It's all true though.
The CFO was busted for fraud as well as some other employees. The CEO is linked to the same fraud (Sirin Labs) which all comes under the umbrella of Moshe Hogeg.
The CEO is making outlandish claims to the point where they apparently deal with more countries that exist on the planet and their basic business model makes no sense. How on earth are they meant to profit? It would be more profitable for them to not pay you the 3% and well stake it themselves. It is just so blatant. To earn the 17% they claim they must be exposing people to extraordinary risk. Now that the market has tanked I am guessing their coffers are empty so on top of potentially 17% they will also pay you an additional 3% for just transferring your money.
However I am just giving people are warning. Do what you want.
What are you talking about?
https://tenor.com/Vcp3.gifThe loans are overcollateralized. They don't lose anything regardless of the price action.
@rektrading: Sure no risk at all with a company offering gigantic returns as well as bonus sign up money for the privilege of giving you massive returns.
Nothing suss or risky at all. :D I mean their TOS pretty much says you can't exercise your rights of ownership of anything you give them and they recently got hacked for huge amounts.
Paying people high returns, with high hacking losses and high sign up bonuses is a sustainable business model right?
@rektrading: Just look it up they lost 50 million with BadgerDAO. Just put "Celsius hack" into google For someone who is recommending celsius you seem to know nothing of all the bad stuff they have been directly involved in.
So when you say your investments are safe and overcollateralized it means nothing when honestly most of these platforms Celsius is using to generate the yield are just riddled with bugs and exploits. Doesn't even go into the obvious money laundering going on.
But yep safe.
@kasp: The BadgerDAO hack was a 3rd party hack and out of Celsius control.
Celsius, the company lost funds but its users funds are SAFU.
“It wasn’t a Celsius hack,” Mashinsky said. “It was a Badger hack, but some of the Celsius funds were there so Celsius lost money. … But none of the Celsius members lost money.”
https://www.coindesk.com/markets/2021/12/03/crypto-lender-ce…I don't recommend people use CeFi when they've access to DeFi.
FUD sticks better with something real like on-chain data than with 🐂 💩.
@rektrading: I said that but that kind of high risk activity is where they are putting users funds to generate the supposed yield. Celsius will eat that cost for now but considering their history and who made them it wouldn't surprise me if they just said everything is fine while trying to use users funds to cover losses until they "can make it back" If their business model is true and they are a low margin business and only charge a fraction of a percent that 50 million would be a gigantic loss for then.
Honestly given the market crash and the hack they are probably well in the red and desperately trying to get capital.
Their rates are not the highest in the industry and quite modest I'd say. The argument of whether crypto is Ponzi is quite 2010s…
They're paying you up to 3% just to transfer the funds? Must be pretty desperate. Where is the money coming from? Other users? Sounds a little…. pyramidy.
Where does legacy banks like ING and Westpac get money to pay new accounts? They take it from revenue to incentivize new sign-ups.
CeFi is doing the same, just better.
Users can use the explorer and see the reward distribution.
https://celsius.network/proof-of-communityFrom the website rektrsding linked,
“ Earn high. Borrow low. Change the world.”
So essentially, you earn lots and if you’re a borrower you pay little. Everyone is a winner, what’s not to like? Crypto is the world where no one loses, roll up roll up young ones
Hmm a lot of negative comments, but no negs?
I think those negative comments are towards ETH not the deal itself. I personally don’t like ETH as the gas fees are super high and the rewards aren’t even that good to make it worthwhile.
Tried today but not working anymore ?
I transferred in 5.3k worth of Eth, waited the 30 days and now it says promo cancelled. Anyone had this before? Hope they're not gonna try and screw me.
As long as you put the code in before depositing it should work. It always worked for me when I did previous deals.
Yeah I definitely put the code in beforehand. I've used several others in the past and they've all worked so I'm not clear on why this one is any different.
Yeah that is very strange isn’t it and it displayed on the promo codes page before you added ETH?
@bobwokeup: Yep. I've lodged it with their support team, will see how it goes. They responded saying they'd manually add it for me if I satisfied all requirements so it should be fine I hope!
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@1st-Amendment:
No.
On-chain data shows that there is a liquidity shortage.