Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Also that Quebec pension fund investment thing is gross incompetence. The fact they are saying due diligence doesnt guarantee success is just them trying to protect their own jobs because if the public knew how much of a shitshow the whole investment was (there was no due diligence done btw) they would be pissed as heck.
I can explain the whole Celcius business model in less than 5 minutes to anyone that doesnt know anything about crypto. Its not a business model you want to invest in, unless
1-You plan to fuck everyone and sell before it falls apart
2-You are dumb as a rock and so is higher management and all the risk desk and all the investment teams, demonstrating criminal and gross incompetence that violate their personal fiduciary duties
OR
3-You invest because the people running the show (who have criminal backgrounds and have done scams in the past) give you A FAT BRIBE no one will ever know about.
I feel option 3 is the least bad one.
If anyone wants to have fun going through 15000 pages of transactions and user balances go for it : https://ia601401.us.archive.org/28/items/celsius/celsius.pdf
All the insiders sold and made bank
Even though I largely agree with you about the lack of due diligence, it seems that you are being overly harsh on them in terms of the temptations that everyone has, including pension fund managers, to get yield with "safe" investments that fit within categories that they are "able to" invest. The pension fund managers likely thought that they were not putting too many funds at risk in their investment into "safe" yield that ended up being more risky than they had previously calculated it to be. So maybe the amount that they lost was more of a failure of position size rather than that they had actually done it? And, if they started out with a small size, and then saw that it was working, then they get greedy by increasing their size each year.. until they have not done enough due diligence on that particular position size, even if they might have done enough due diligence if the position size had been a smaller amount.
I am so excited for the next bull run and I am checking price every hour waiting for the day when I become a bitcoin millionaire.
I called $22k, we went $17k. I am now calling $180k for next peak, I hope Bitcoin CEO provides me with much more than that.
Also If I die before that day, let my family know I was part of this awesome journey.
Waiting is a tedious job, but even more boring if you have nothing to wait for.I called $22k, we went $17k. I am now calling $180k for next peak, I hope Bitcoin CEO provides me with much more than that.
Also If I die before that day, let my family know I was part of this awesome journey.
I hope what you are waiting for can give good results, at least it is a good boredom for you.
What do you mean by "nothing" reagansimms? Are you suggesting that you do not have any BTC? If so, you better get stacking. You don't want to end up like eXPHorizon
- which is begging for BTC - even after more than 8 years of opportunties to stack sats.
Since about mid-2020, I have been recommending $100 per week, but if you can only do $10 per week or some smaller amount, then do what you can. You don't want to make the mistake of not stacking, but you also don't want to make the mistake of stacking too much and then running into cashflow problems in which you have to sell some or all of your BTC at a time that is anything other than your complete choosing.