The End For Celsius, Voyager, Blockfi? 😧 [Crypto Crash News]

 

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Crypto lenders Celsius, Blockfi, & Voyager all in trouble! [Crypto News]
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0:00 Today in Crypto
1:00 What Happened
3:00 Crypto Bailouts
4:44 Celsius Updates
#bitcoin #ethereum #celsiusnetwork

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Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money. Lark Davis (The Crypto Lark) is not providing you individually tailored investment advice. Nor is The Crypto Lark registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. The Crypto Lark is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

The End For Celsius, Voyager, Blockfi? 😧 [Crypto Crash News]

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45 comments

  1. Used your link Lark to sign up to Celsius in May 2022.. Would love to believe that Celsius are simply illiquid during bear market due to everyone withdrawing funds on FUD. Trying not to freak out in the meantime. Love to all ❀

  2. Most of the crypto projects that appeared before the recent bull market starting to blow up, same was before and after previous bull market in 2017 and it’ll be same in the future until we have regulations unfortunately. Not saying it’s good or bad – it’s just the way it is πŸ€·πŸ»β€β™‚οΈ

  3. I’d be really pissed if I don’t get my crypto back from Celsius and really hope they pull through for everyone that has their savings there.

  4. In response to those blaming Lark …Hold up !!! Take responsibility for yourself and stop blaming everyone else … I enjoy Larks commentary and opinions but ultimately I am responsible for myself –

  5. thanks for the video Lark and hope it works out for us Celsius holders.. i had deposited because i heard about Celsius on this channel so it would’ve been nice if you advised us viewers to withdraw also

  6. Weren’t you recommending Blockfi and Celsius? I remember you even interviewed that lady from Blockfi.

  7. This is exactly what cold wallets are for. If you don’t have a Ledger or Trezor, now is the time to get one.

  8. Why would you invest in tokens from decentralized algorithms just to store them in centralized fintech platforms?. Can’t feel bad for you because it makes no sense to me. Why would you invest in technology you ultimately don’t trust?.

  9. Don’t even care how long it takes Celsius…. Just want it back. Would rather wait and get it back then get less back now.

  10. It may be the SEC who lit this fuse faster than it might have on its own. When the SEC came around saying β€œno more EARN accounts except for the ones that already exist”, that killed half of their businesses right there and zapped their liquidity big time. Almost like the SEC intentionally popped a smaller bubble to prevent a bigger one from popping on its own. Just big enough to make a strong push for regulatory power but small enough to not completely wipe out the market…hopefully

  11. Exactly. Similar comment to what I wrote. You’re big girls and boys. You made the decision. Own it. I am!

  12. Thanks Lark. I’m just glad I didn’t have anything on any exchanges at all.
    Can’t imagine what it would feel like to lose all your crypto to an exchange platform going into meltdown.

  13. Not your fault for suggesting or using Celsius. We all used it knowing the risks and it’s still very shocking this happened the way it did. Liquidity lending platforms has a bright future, but this is a dark time. I have a lot of money stuck with them right now. And I haven’t slept well since it has happened as I’m horribly nervous. I’m sure it’s just a liquidity issue and not insolvency. But the fear of the unknown strikes anxiety into much of us. Thanks for the great video and thank you for helping fight some of the FUD by being very honest on the situation!

  14. i SERIOUSLY hope celsius doesnt go bankrupt i got 2 eth on there! and yes i did get there because lark recommended it, but comon man, he could not have known this! i could mail them for answers but i fear i get nada in return so lets hope lark has better luck so keep the updates coming man!

  15. Celsius will survive just takes time….has long has they avoid liquidation πŸ™.

  16. Hey Lark! 1st of all thank you for the content you’re delivering every day (well almost everyday πŸ™‚ I’m personally stuck with Celsius but the last thing I’d do is to blame you for it. I signed up and I read the T&C myself so… Its on my shoulders. Do not take away my cross ;)! I am laughing through tears here but what else is there to do. There’s almost total radio silence so the best thing we can do is to simply brace for impact and prepare for the worst with whatever resources we have left. All these gossips are not worth anyones extra stress. Should things take a positive spin…well I’ll throw some confetti in the air πŸ™‚ Other than that prepare for the worst people, write off your loses and move on. If there’s nothing left in the bag then well a job is always a good place to fill that gap πŸ™‚ Either way the sun goes up, the sun goes down, the sun goes up, the sun goes down πŸ™‚

  17. I didn’t know the risks. I figured it was a legit, regulated company and that my money was safer there than in Defi. I’d taken a lot out a month ago, but still have a lot more in there than I’m comfortable losing.

  18. My problem is that he warned only people who were subscribed to his newsletter. Since he advertised Celsius to all his viewers, he should’ve warned all his viewers, not only his subscribers.

  19. Everyone makes their own investment choices. It is always the fault of the individual…zero sympathy for anyone who doesn’t understand that.

  20. I find it quite the coincidence that all interest rates on traditional loans and savings is going up while these companies are starting to struggle.

  21. I’m glad I didn’t deposit $ on Celsius, BlockFi, etc. I never felt comfortable with the risks, considering the small return vs the massive potential over the long run. I keep it simple and just stack and HODL my Bitcoin and ETH, and swing trade the rest for more Bitcoin.

  22. Too much greediness.. Milk an extra 5 or 6% out of btc apparently are well worth the risks, for many users..

  23. I was with Celsius for 3 or 4 years at the beginning never had an issue until all this I assumed that it was it was safe

  24. The radio silence from Celsius is extremely harsh, especially because they’ve been doing weekly AMA’s religiously for years. Celsius took those communications seriously. Even if there’s nothing they can share for legal reasons they should still show up. The cowardice it implies is worse than the potential embarrassment of not being able to answer questions.

  25. It might not be his fault, however as per himself he did withdraw his funds from Celsius the week before they froze accounts. Of course ultimately it is our choices, decisions, and responsibility, but I did not see him doing a video sharing with his followers what he was doing, did you?

  26. Yes, he was. What he was not doing was a video telling or shareing with us, his followers, that he withdrew his funds one week before they froze the accounts.

  27. He might have not known, but he did withdraw his funds from Celsius one week before. As per his video that monday.

  28. There’s a lot going on that is causing this. One of the big variables at play is the staked ethereum they have through lido. Normally this trades at 1:1 with ethereum, though we recently saw a quite substantial depegging the other week, at one point it was at .9:1 and now trading around .97:1. Another issue with this is that the staked ethereum is locked until the merge, whenever that occurs. That’s literally close to a billion dollars locked up right there.

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