From what I understood Celsius wants to rely on bitcoin

Question

From what I understood Celsius wants to rely on bitcoin

mining and future bull market to be able to compensate for money lost.
But bitcoin mining is not that lucrative to compensate such a large debt hole.
And how is the market turn is going to change anything? We deposited various coins - if the market turns it is not making it any easier for Celsius to give money back as our coins also raise in $ value.
It would require Celsius to swing trade few times and we all know how this could end up and was a part of the reason why we are in this situation in the first place.

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20.07.2022

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Daniel

So they use our money to finance or business to pay what they robbed us. Great business model

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20.07.2022

Nathan · Accepted Answer

Nathan

Only way that will work is if our crypto is set to a locked USD value and the crypto they hold goes up. A bull market will only widen the gap, unless of course Cel goes up quicker.

0

20.07.2022

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From what I understood Celsius wants to rely on bitcoin

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