I used to wonder what got people to trust in something like Mt. Gox, Bitfinex and lose all their money. But also I was holding a large part of my portfolio in Celsius and only pulled out when the clout became alarmingly bigger.
I planned my entire retirement planning around Celsius’ yield programs and how I can easily double my Bitcoin holdings in 10 years even though it sounded too good to be true.
Did I read their terms and conditions? No.
Did I really understand how they are able to provide yields? No.
Did I blindly believe whatever their CEO was saying and never thought it might be a marketing play? Yes.
The more I be in this space the more I realise what it means to “Verify not trust”. Cheers to self custody folks!
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