Celsius DeFi ponzi collapsing

johnarb said:
I'm a Bitcoin maxi and during crypto winters the best crypto asset that holds the value is BTC

Sure it could be different this time, but I'd rather hodl BTC than any altcoin so over 90% crypto portfolio is BTC

However, I'm not anti-altcoins. During a crypto bull market, the crypto portfolio is less than 50% in BTC

It's a multi-blockchain ecosystem. Bitcoin is the reserve asset of the crypto asset financial revolution. Will that change in the future? possible but I doubt it

There's a discussion on BlockWorks where it was articulated very well the advantages of multi-blockchain. It was between Mark Yusko and Michael (host of BlockWorks)

Arguing Bitcoin is bad or Ethereum is the best or Solana will replace Ethereum or AAVE is the best platform for DeFi or Uniswap is better than Sushiswap is stupid and will cost you a lot of missed opportunities

Keep an open mind and keep an eye open for opportunities in this exciting nascent financial asset class
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Crypto portfolio? What % of your total is in crypto .
We cant have you say it was only 10% when it goes to zero
 
JackMorgan said:
Starting from $250, I can believe it
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$100/BTC

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Edit: you missed the slight nuance on the "over 100%". For that to be true, net worth would have been negative (more debt than assets)

Borrowed from CC from the start to invest in BTC's
 
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"Celsius also admitted at the 341 meeting that the company had never earned enough revenue to support the yields being paid to investors. This shows a high level of financial mismanagement and also suggests that at least at some points in time, yields to existing investors were probably being paid with the assets of new investors."
 
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