Honestly dude. If the value of your collateral goes down

Question

Honestly dude. If the value of your collateral goes down

90% in less than a DAY, how is that celsius fault?

If the said asset shuts down their block chain and you can't withdraw, how is that celsius fault?

If the said asset crashes so damn hard that the oracle doesn't respond to give a price, how is that celisus fault?

Also, I see people complaining about 24Hr whitewashed address for withdrawal!?!?!! don't take a fat loan without understanding the process of getting out incase of a problem? Be prepared? We are in crypto people, things move large and they move fast, this shouldn't be news

If you own a lot of cel and borrowed against it, and the entire market drops double digit percent and you get liquidated, how is that celsius fault? Cel token price is in the hands of the free market and not the company. This is not a "can devs do something" situation.

If you don't understand how collateral works in a loan with margin calls and liquidation points in crypto, maybe don't take a loan? And celisus is the only platform u can call to talk to someone about it. So perhaps learn to learn.

Plus, short memory these days, no-one remember that last time market crashed, celisus only had a hand full of liquidation even when BTC halved in price in a couple days, I was here, got the email and notice and many got time to add collateral or close the loan.

I am not saying people did not suffer or are not hit hard because of the recent price action, and I sympathise with you if you have been liquidated and are in a tough place, I wish you the best.

But let's not put blame in the wrong places because then no-one will learn or benefit. Now we have people on twitter who say things to draw you to their platform instead, not because they care about you, because they are trying to sell you a product and capitalise on your losses.

Please do not fall for it.

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15.05.2022

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_™•Дñ•_\|/_υΩι®©℅ · Accepted Answer

I understand, didn't everyone said... It's the reality... some people not only won't get it, they just never want to...

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15.05.2022

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Honestly dude. If the value of your collateral goes down

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