When cryptocurrency lending platform Celsius froze user accounts amid a plunge in valuations, it sent ripples across the industry and raised questions about what happens to user assets if a crypto platform files for bankruptcy. WSJ’s Vicky Ge Huang explains. Photo illustration: Jordan Kranse
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37 Comments
Lol if this happens, can't wait to see all the chums begging the government to help 😂
“Banks aren’t your friends, but I am, give me your money and I’ll make you rich!”
“Hey I lost all your money, but we’re still friends right?”
No laws , no order!!. Neoliberalism withouth control= chaos!!.
It is best to keep your assets in your own private wallet like metamask or trust wallet.
The only reason u keep them in Centralized Exchange is to do active trading and investments, like all trading and investment, they always come with risk.
Celsius' promised yields have the scent of madoff about them and crypto as it stands has that wild west , no country for old men air , its the realm of speculators rather than investors .
So if you're asking that "what if" question you should immediately paddle back closer to the beach.
what does it mean for users? it means you coin clowns are f*cked! 🤣
Get your money out of there asap, Coinbase will probably go belly-up.
Even if bitcoin could get banned, I think it's getting harder for that to happen. Enterprise platforms like UnidoEP, Fireblocks, LMAX, etc have been drawing in institutional investors into crypto and that is going to give bitcoin some corporate power to fight governments that want to ban it.
Celcius definetly a PONZI Scheme. Even the stupid/idiot people know it.
A fool and his or her money shall soon part
their owners will party with wsj
I didn’t believe that first but this has huge impact AMZP22
Jeff Bezos you know that guy? Then you should know AMZP22
If you want to do one thing right this year you have to check AMZP22
Is simples peoples. Invest now in rubles based 🇷🇺 CRYPTATO buy anything!
Anyone who is not investing now is missing a tremendous opportunity……….
Bumped into NFTs Ads now as i opened this video… Are NFTs same as Altcoins or stocks?
Compared to these crypto grifters, banks are angels!
all those yields are just modern day ponzi schemes
That's why it is always so important to read the whitepapers and terms of use.
Oh isn’t this nice another Wall Street journal article titled with A scenario that would totally benefit the US government or the power that be … lol interesting 🤨
In short, you're screwed.
See, this is how stupid the crypto market is. One stupid sneeze is what it takes to take an entire crypto coin down. Then one by one, they all collapse like dominoes. What's funny and absolutely ironic is that Celcius think they can get out of this by using the system that's designed to help protect BANKS and their customers from losing all their money and go bankrupt in events like this when they and every other crypto coin out there clearly make it a point that they're NOT like banks and hate them.
Crypto fanatics: That's all FUD, bruh. (FUD = Fear, Uncertainty, Doubt)
Everyone else: Yeah, well, your coins are DUDS.
Celsius, coinbase shall go under it is not a question of if rather when. Cryptocurrency is funny money, no real value.
how many dodgecoin millionaires?
No one will tell you it didn't lose value. It NEVER had the value you think😒🤣 13 -17 bitcoin. I'll check back✌️ the money was fake!!!!! It was giving to you becuz of covid. You gave it back thru a scam🤦♂️
That's harsh. I think a lot of people are experiencing a rude awakening. So much for the decentralized blockchain bs.
Bitboy crypto with Alex at 5:49
Promised annual account yields up to 18.6%? Risk-free? No way.
What is the best way to make money from crypto?
Scavenger will eat up and price will be skyrocketing that’s how financial market works
I'm new to crypto trading what's the best way to get started with trade cos I've been making my personal research for a while now, i don't know how to trade on cryptocurrency
One of the major points of cryptocurrencies is that it was supposed to be trustless. Kind of defeats the point when you give your holdings to some organization.
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Interesting…
Large Lolz
Thank you for this video i appreciate the content of this video but i still find in very difficult to trade. how do i go about it in CRYPTO?
Celsius is not your friend.