Ladies and Gents,

We have all seen the price drops, the news articles, the videos and just straight chaos in the global markets. The politics have been especially entertaining to watch. Its like we're in the middle of the best TV show ever called life in 2022, haha. I mean seriously what a shit show.

I walk into work each day and all my coworkers ask me & hound me on bitcoin or tell me why it won't last, but most of them have no clue. They'll ask me if I'm still buying or holding or if I sold any, and I always tell them of course I keep buying. I just can't help but laugh at all the people who think Bitcoin is dead, when the markets are this crazy and the inflation is up this high and you can get bitcoin at a discount its always a smart decision to get more. In time all of this will pass and we will see new ATHs for years and years to come.

If you're in this, then be in it. And if you're out of it and spreading crap all over this forum then please GET OUT! HODL has lost its meaning in 2022, most people seem to be completely jumping ship (besides the majority on this forum). Now is the time to dollar cost average and accumulate while its getting cheaper. Even if it falls back to 3k or even to 1k who cares. Long term vision has always been set to the sky.

WE ARE IN THE RIGHT PLACE. Stay positive, do not be dismayed and discouraged. Remember why we are here in the first place. It takes a little while to reach the top of the mountain from the gondola, but only a minute or two to ski all the way down the mountain! This is what is happening with Bitcoin right now. We are almost at the bottom of the hill about to get back on the lift and continue to rise. Me, i'm just enjoying the ride! All the people who never get back on the lift will never know the feeling of that fresh powder in the back bowls (sorry for anyone who doesn't ski in here w/ all the lingo).

Today I'm feeling just fine and dandy, i'd say peachy! Lets stack these chips, get your coins! Nobles didn't become nobles miraculously, they took it!!!! Hold your sword steady, and fight with poise knowing full well that we will end up on the right side of history.

All the best, All the time,

TREAD  

Maybe this time they are profitable, but in the future people will definitely think about it a second time and don't want to be trapped in things that are detrimental to them, right?
So if some of us can take a good lesson for the future, of course it is a very valuable thing for us together.

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!

the customer debt has been pretty much made whole again. celsius shouldnt really owe customers anything.
celsius now owes g.sachs

celsius now has enough coins to honour the sidechain locks of customers

..
my opinion.
(i have not gone through all the numbers so treat this as a rough guess, dont query the numbers. query the methodology)

celsius had 21,000 coins locked up to the sidechain(customer locks) but had mismanaged and only had ~15k to allow for withdrawal which caused them problems. of a $114m deficiit(pencil math of 5k coin)

celsius then took on another deal with G.sachs where by G.sachs gave them $2b. which was used to (i guess) buy ~100k coins
celsius can now make customers whole as there are alot of coin now free floating to honour withdrawals. and the remainder is then locked up as new collateral (not the customer stuff) with a escrow with g.sachs who is set a contract for a lower liquidation number should celsius run into trouble and default on g.sachs obligations

.. end goal
.. a waiting game for the g.sachs/celsius partners

waiting for bitcoin price to move up.. lets imagine it went to 2x ($39k)
that 95k coin spare becomes worth $3.7bill so celsius pays off g.sachs $2b+ interest/profit..  and celsius keeps the remainder as free money for celsius.
or
g.sachs stays in partnership and they both share the profits.. or they keep it in coin form and wait for a different higher number

no. its just math..

if they have $114m debt. to customers.
and they now have $2b from G.Sachs
then thats a simple maths X factor that brings position down from $21k threshold down to a lower threshold before defaulting.

I think the main thing was to lower the liquidation price, as you said. In a bankruptcy you can't do anything, the bankruptcy administrator take the remaining assets and liquidate them to pay the liabilities, partially, obviously, and how the payments are allocated and in what amounts depends on the regulations that are executed by the bankruptcy administrator.

But I think lowering liquidation price was precisely to avoid banruptcy risk.