 | Lately I've been digging into the past to see reactions to famous bankruptcies like Celsius, the LUNA/UST disaster and FTX. Here I'm sharing what I've found and hoping you can add some facts. In this post ("Celsius is insolvent, please get your funds out now"), a user warned that there were signs that Celsius might go bankrupt. Here's the first important point: always be careful about the mood of this sub. Many users react this way (and you can't really blame them): Very famous is this post by u/DU09: "Terra / Luna / UST Ecosystem Risks - How real are they? UST hodlers assemble!". He explained how a LUNA/UST depeg can happen, but as you may know, most users don't read the posts and start commenting anyway. Not surprisingly, people first didn't believe him: Or how about FTX (" Withdraw your assets from FTX ASAP. ")? Users must have seen many posts like this one. And yet... I don't want to throw dirt on them, that's an understandable reaction. But what can we do to be more careful? Here are some points from the first post about Celsius ( u/vocatus ):
Needless to say: Just hodl and don't leave your funds on an exchange is the best you can do. Still, many people are afraid of self custody (or they're traders). Can you add signs that could give us a heads up? [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments