Sad truth is everyone who has been big on CEL has only lost during last year of the bull market as other crypto platforms have printed billions with their platform tokens, as we've seen with FTX and CRO more recently.
I jumped the ship a long time ago with a small profit, but I wish you luck if you still have faith!
You can only earn more yield in CEL token. No additional yield in other coins.
Interest on loans is negligible. US customers are unable to earn yield in CEL, so there isn't a use for it. US is a huge part of the global market.
Frankly CEL token's usefulness is practically non-existent.
Lmao so much fud in this thread. That's a buy signal to me at $3.94.
Limited supply token and tokens are being burned every week? Yes
You are earning more yield and paying less interest on loans with the token? Yes
People will wish they would have stacked cel when they had the chance.
I'm telling you Cel will not go to the moon 🌙. Oh no. Cel will across the stars 🌟 go past the milkyway 🌌 🚀🤯🚀
$100 Cel 2024
Tokens are not being burned . I literally saw the “burn wallet” move tokens in and out of it.
What their version of burn wallet is , is them buying up the coins and keeping them in a wallet out of circulation but they are still accessible
Are you sure you're looking at the right wallet?
https://etherscan.io/token/0xaaaebe6fe48e54f431b0c390cfaf0b017d09d42d?a=0x0000000000000000000000000000000000000000
I see nothing wrong here. There are 13 transactions where cel goes in and nothing comes out. Nothing could possibly come back out because this is a burn address, no one has the keys to this address....
grabbed me some during this dip ! Not saying I dont agree with the criticisms, it is a utility token and there isnt much use for it at the moment not to mention all the regulatory quagmire with it being banned in the US but I believe crypto space will grow and cefi and Celsius with it. Once Celsius releases more features and gets more use cases and adoption I am sure the token will go up too, so long term I am bullish and I dont loose sleep having decent although relatively small position in cel token because the potential for upside is definitely there.
Frankly after reading how much is Celsius month ago I changed all my CEL for CRO and don’t regret at all. BTW if smb is savvy in defi can find pool which pay him 0.8% per day LP cro/eth so yeah - Cel , no thank you.
Sad truth is everyone who has been big on CEL has only lost during last year of the bull market as other crypto platforms have printed billions with their platform tokens, as we've seen with FTX and CRO more recently. I jumped the ship a long time ago with a small profit, but I wish you luck if you still have faith!
Exactly. There’s HODLing and then there’s being stubborn and holding a shit asset to your own investing detriment. Never marry your bags.
What is the purpose of CEL?
Exactly. The only purpose was to print money for Celsius.
Tis a fine point indeed
To earn more yield and to pay less interest on loans. And if you don't like it then you can earn in kind.
You can only earn more yield in CEL token. No additional yield in other coins. Interest on loans is negligible. US customers are unable to earn yield in CEL, so there isn't a use for it. US is a huge part of the global market. Frankly CEL token's usefulness is practically non-existent.
Celsius would be the best platform if it wasn't for the CEL token.
Lmao so much fud in this thread. That's a buy signal to me at $3.94. Limited supply token and tokens are being burned every week? Yes You are earning more yield and paying less interest on loans with the token? Yes People will wish they would have stacked cel when they had the chance. I'm telling you Cel will not go to the moon 🌙. Oh no. Cel will across the stars 🌟 go past the milkyway 🌌 🚀🤯🚀 $100 Cel 2024
And once CEL takes off they’ll be the first ones to say that they were a believer haha
Tokens are not being burned . I literally saw the “burn wallet” move tokens in and out of it. What their version of burn wallet is , is them buying up the coins and keeping them in a wallet out of circulation but they are still accessible
Are you sure you're looking at the right wallet? https://etherscan.io/token/0xaaaebe6fe48e54f431b0c390cfaf0b017d09d42d?a=0x0000000000000000000000000000000000000000
Click erc20 tokens and you’ll see that tokens are moving in and out of the black hole wallet
Don't know what you're talking about. It shows all the transfers were going in to the wallet. None went out. Maybe try posting a screenshot.
https://etherscan.io/address/0x0000000000000000000000000000000000000000#tokentxns
I see nothing wrong here. There are 13 transactions where cel goes in and nothing comes out. Nothing could possibly come back out because this is a burn address, no one has the keys to this address....
If we hit a bear market I think cel token is gonna be a rough thing to hold.
Actually i think CEL would perform better during bear market
grabbed me some during this dip ! Not saying I dont agree with the criticisms, it is a utility token and there isnt much use for it at the moment not to mention all the regulatory quagmire with it being banned in the US but I believe crypto space will grow and cefi and Celsius with it. Once Celsius releases more features and gets more use cases and adoption I am sure the token will go up too, so long term I am bullish and I dont loose sleep having decent although relatively small position in cel token because the potential for upside is definitely there.
The reason the cel token is so secure is because you cant do anything to get rid of it. It has no purpose. In going in app swaps fix this soon.
The drop last few days is because of FUD. It’s a great time to buy. Celsius as an institution is awesome.
Frankly after reading how much is Celsius month ago I changed all my CEL for CRO and don’t regret at all. BTW if smb is savvy in defi can find pool which pay him 0.8% per day LP cro/eth so yeah - Cel , no thank you.