Quote from: BitcoinBunny on November 15, 2022, 01:58:46 PM

Quote from: AlcoHoDL on November 15, 2022, 01:25:06 PM

Do I remember correctly, that some time ago (2020-2021) there were some WOers that were posting about lending BTC to Celsius and similar sites to earn interest? I also remember other WOers warning them about the possibility of losing their coins, stressing the importance of NYKNYC and all...

I sincerely hope the damage was minimal or at least manageable. Let this serve as a lesson to all, affected or not, that uncontrollable greed is a dangerous thing that can take your coins, your sanity and even your life.

Speaking of greed, isn't Bitcoin's price appreciation over the years good enough? FFS! I guess one can never have enough...

There was at least one guy posting about how great it was and several asking him questions.

Could just be a bunch of infiltrating celsius assholes as I don't think they were WO longtimers.
siphen my BTC or gains away.

You are WWWWWWRRRRRoooooooonnnnnnggggg!!!!! BBunny. Cheesy

There were pretty long term WO members who were seriously pumping that crap and suggesting that is the way to manage your BTC.. by living off the interest and giving it to third-parties... which I am not against the idea of if it... but at the same time we have to be careful with even credibly seeming third-parties.. ... and sometimes even smartness does not seem to rescue us.. if we see how many folks were blindly putting money into some these entities, and I hear that some exchanges that they do "due diligence" when they are lending to individuals, but they do not do as much (or any) due diligence if they are lending to "institutions," and we see that even seemingly BIG ASS institutions that supposedly have a lot of networks might be propping up their networks and their relationships to make themselves appear to be BIGGER and more connected than they are.

Quote from: BitcoinBunny on November 15, 2022, 01:58:46 PM

I've very much tried to stick to the rule "if it sounds too good to be true, it most likely is" ever since acquiring BTC and try to ignore anything that is clearly invented to siphen my BTC or gains away.

Sure, there are some red flags that might be caught in that way, but I can still relate that any of us could making the mistake of getting too much caught up in some of these kinds of things without even realizing our exposure.. so it is hard to proclaim that any of us is completely immuned to some kind of a rug pull or some kinds of deceptive practices of others.. .. and I do tend to like interacting with people.. but any of them could go rogue on us, even if we thought that we were taking sufficient and adequate precautions.

Quote from: Dubaian on November 15, 2022, 02:10:40 PM

Crypto market?

What's that?

Are you sure that you are in the right thread Dubaian?