I am pretty sure that there were several members who brought up Celsius, and some members did not say anything against it either... even if they were not promoting it..  There had been several members that might not have mentioned any specific service yet at the same time pushing the idea that bitcoin was not sufficient in itself because it "does not earn a dividend/yield/interest."  A pretty common theme.

Another common theme that likely got a lot of folks reckt is the idea of borrowing against your BTC, and surely I am not opposed to the idea of leverage and even using leverage to buy bitcoin, but surely people can end up taking things way too far, including getting way overleveraged (and maybe not even realizing it).  I never agreed to using any of those bitcoin-related services in regards to leveraging bitcoin because so far I had not seen any that were seeming to be mature enough to actually offer favorable terms, but then now I am seeing that favorable terms can end up tricking any of us into using a service that does not have sufficient and adequate collateral and that may well be rehypothecating coins lent to it into services that are not adequately collateralized. 

We are seeing some of the problematic areas regarding how we might end up providing our bitcoin as collateral, and surely there still could be ways to accomplish such - even though some of those services likely do need to mature.. and maybe even provide some assurances regarding their having coins that they claim to have, and we might even need to know how they are able to provide the interest rates on the coins that you would be lending to them.


There is nothing wrong (or even crazy-making) with buying bitcoin at $69k so long as you did not just sit on your hands in the last 8 months, and as long as you did not blow your whole stash (of fiat) at $69k at that time.

It is quite reasonable that someone with a fairly consistent BTC buying strategy in the last 8 months could have ended up having a BTC buy price at or below $40k.. .. so each buy right now would bring down average buy price per BTC pretty decently.. and of course, mileage is going to vary depending on how to have had dealt with the whole matter financially and psychologically and what kinds of BTC accumulating strategies to be employing currently if it might go beyond a mere HODL strategy.. but if a BTC accumulator runs out of fiat, the next most feasible and prudent strategy may well be to HODL until more cash comes in, and hopefully anyone with even half of a level of prudence and reasonableness in his/her body starting to buy BTC at $69k should have some kind of cashflow, otherwise starting buying BTC at $69k would have bordered upon retardness.. and sure there are some people who are retarded and should not be buying BTC.. but you cannot save some peeps from their lil selfies..