Post
Topic
Board Bitcoin Discussion
Re: Less Worry: Celcius paid off its $114 million Bitcoin-backed loan in 24 hours.
by
DaveF
on 06/07/2022, 11:46:03 UTC
People will keep going there. Now they are trustworthy because they are "paying back". People will keep shilling and new comers will still register and use the shitty platform! And then, shit will hit the fan again. Maybe by that time, a rug pull will be confirmed! People don't learn!

Going to disagree with you a bit here. Since GS is involved I think it's going to be run a bit more like a money hoarding ridiculously high interest & fees business.
Someone @ GS did a bunch of math and made some assumptions and came out with a way to fleece more people. It's now more Celcius has GS as a partner. So you might make less and others might pay more but it's safe. All the while since GS does have funds it all looks more secure.

I don't think there will be a rug pull, just a slow bleed as people see how much this is costing them and they leave and go someplace else. And then they ones that stayed till the end are absorbed into the GSCoin empire.

Just my view.

-Dave