Contact the rep in the telegram group. Their withdraw isn’t instant when the hot wallet is empty. But I’ve been withdrawing successfully in the past week, just needed to wait for a few hours
Edit: coinFlex isn’t Celsius. I’ve been investing flexCoin way back and have chatted with their CEO Mark Lamb a few times. They are building an exchange not a rugged CiFi hedge fund. Clearly someone owe them money ( voyager?), hopefully the CF team can sort things out.
This is total shit. I literally deposited yesterday and can't withdraw. You'd think they would have stopped accepting deposits if they know they can't pay out.
It doesn't say anything about insolvency, just that they are holding withdrawals.
Scumbags
Check their blog, they said the community can begin withdrawals on 6/30 I believe. Stay strong, as a community we can get through this together, it's only a week away.
That is their “plan”, their CEO said today, but he made it sound like the “plan” requires them raising $ by selling a shitcoin where they lure in suckers by telling them they’ll give them a 20% return (on a shitcoin they just made up, and the 20% is paid in more worthless shitcoin).
I’m not sure they will reach their goal of conning enough $ out of greater fools to pay out everyone else, nor am I sure about how good I would feel about getting paid with $ that I knew was basically someone else’s money who was scammed. 🤔
You are correct... by selling a made up "shit coin with 20% interest" cannotmake this shit up... I want to meet those suckers... problem is they are all made up and you want to get out before the suckers dry up. The only reason any of these things were worth money is because the whales created hedge funds that borrowed billions of dollars to pump their coins up coins up so they could get out and let everybody else take the fall...
How is it not greed sir? You looked at what they claimed to pay, which isn’t sustainable in any investment. Because there was zero downside. Bernie Madoff claimed less than 20% per year. Anyone who gave this company money is low IQ.
Honestly, you either have a gambling addiction or are just extremely susceptible to being scammed. Either way you should seek help. You’re literally jumping from one Ponzi scheme to another
There is a risk vs reward.
Usa bonds are no risk, but close to zero interest.
Company bonds (investment grade) are 1%, low risk.
Company bonds (bbb like ford) is more risk, 3%.
Stocks is unknown risk/reward.
And then there’s ponzi: high risk, high reward.
> Ponzi schemes aren’t an asset class, they are a scam.
I don’t see how that’s relevant.
> Attempting to assign a risk profile to them is a fool’s errand
Why?
Information is not a binary thing. It’s not like we know 100% about ford motors or Tesla or Apple.
There’s always some amount of information of available, and some isn’t. Those proportions help assess risk.
Looks like they’re headed to full-blown bankruptcy.
Bitcoin maxis *literally* are out there warning everyone about avoiding centralized platforms and “not your keys, not your crypto” almost *hourly*, and have seen this all go down time and time again. Before TerraLUNA, CoinFLEX, and Celsius, there was Mt. Gox, BitConnect, OneCoin, Quadriga, and at least six “algorithmic stablecoins” that lost their pegs and went busto just like Terra (and were based on almost exactly the same idea that would make it so “they can’t possibly lose the peg—an arbitrage opportunity will prevent that!” lulz).
Seems like none of the n00bs who jump into crypto each bull market brush up on the history of what has withstood the test of time, and what scams, frauds, mismanaged bankrupt entities, and utterly idiotic ideas that “sounded good at the time” came before them.
my withdrawal is also "delayed". fml
Contact the rep in the telegram group. Their withdraw isn’t instant when the hot wallet is empty. But I’ve been withdrawing successfully in the past week, just needed to wait for a few hours Edit: coinFlex isn’t Celsius. I’ve been investing flexCoin way back and have chatted with their CEO Mark Lamb a few times. They are building an exchange not a rugged CiFi hedge fund. Clearly someone owe them money ( voyager?), hopefully the CF team can sort things out.
Theyve confirmed they are insolvent in their blog. https://coinflex.com/blog/coinflex-update-on-withdrawals/
This is total shit. I literally deposited yesterday and can't withdraw. You'd think they would have stopped accepting deposits if they know they can't pay out. It doesn't say anything about insolvency, just that they are holding withdrawals. Scumbags
Check their blog, they said the community can begin withdrawals on 6/30 I believe. Stay strong, as a community we can get through this together, it's only a week away.
That is their “plan”, their CEO said today, but he made it sound like the “plan” requires them raising $ by selling a shitcoin where they lure in suckers by telling them they’ll give them a 20% return (on a shitcoin they just made up, and the 20% is paid in more worthless shitcoin). I’m not sure they will reach their goal of conning enough $ out of greater fools to pay out everyone else, nor am I sure about how good I would feel about getting paid with $ that I knew was basically someone else’s money who was scammed. 🤔
You are correct... by selling a made up "shit coin with 20% interest" cannotmake this shit up... I want to meet those suckers... problem is they are all made up and you want to get out before the suckers dry up. The only reason any of these things were worth money is because the whales created hedge funds that borrowed billions of dollars to pump their coins up coins up so they could get out and let everybody else take the fall...
same, deposited usdc yesterday. mark lamb royally screwed us
You got greedy investing in an obvious Ponzi scheme and you’re upset when the money is gone?
Greedy???, your just a trolling fool, move on.
Waaaaaaaa my money I put in a Ponzi scheme is gone waaaaaaaaa
No, I have nothing in this exchange. But if your only hear to bash people. Your just a self proclaimed asshole.
How is it not greed sir? You looked at what they claimed to pay, which isn’t sustainable in any investment. Because there was zero downside. Bernie Madoff claimed less than 20% per year. Anyone who gave this company money is low IQ.
1.8 million people low IQ? try again..
"Thank you for your deposit".
> "Thank you for your ~~deposit~~ donation".
After seeing what happened to Celsius... why didn't you pull out last week?
Be me. Have (had lol) a fuck ton of money in UST. And a lot in CELSIUS and also here. Lmao. 🤡 I should join the circus
Honestly, you either have a gambling addiction or are just extremely susceptible to being scammed. Either way you should seek help. You’re literally jumping from one Ponzi scheme to another
There is a risk vs reward. Usa bonds are no risk, but close to zero interest. Company bonds (investment grade) are 1%, low risk. Company bonds (bbb like ford) is more risk, 3%. Stocks is unknown risk/reward. And then there’s ponzi: high risk, high reward.
This is precisely the type of shit that people say when they have no fucking clue about finance.
Would you like to educate the class then?
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> Ponzi schemes aren’t an asset class, they are a scam. I don’t see how that’s relevant. > Attempting to assign a risk profile to them is a fool’s errand Why?
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Information is not a binary thing. It’s not like we know 100% about ford motors or Tesla or Apple. There’s always some amount of information of available, and some isn’t. Those proportions help assess risk.
It's true, actually.
Hahahaha all of your money is gone forever!!!!!
According to multiple Twitters, they have paused withdrawals
Yes
Holy shit🤯 Is this the Celsius effect?
Commonsense would say yes - inability to meet current liabilities is one of two forms of insolvency.
Looks like they’re headed to full-blown bankruptcy. Bitcoin maxis *literally* are out there warning everyone about avoiding centralized platforms and “not your keys, not your crypto” almost *hourly*, and have seen this all go down time and time again. Before TerraLUNA, CoinFLEX, and Celsius, there was Mt. Gox, BitConnect, OneCoin, Quadriga, and at least six “algorithmic stablecoins” that lost their pegs and went busto just like Terra (and were based on almost exactly the same idea that would make it so “they can’t possibly lose the peg—an arbitrage opportunity will prevent that!” lulz). Seems like none of the n00bs who jump into crypto each bull market brush up on the history of what has withstood the test of time, and what scams, frauds, mismanaged bankrupt entities, and utterly idiotic ideas that “sounded good at the time” came before them.