Celsius Network - what's your view on it?

kingzpro

member

Activity: 756

Merit: 13

DIFX - Digital Finacial Exchange

Quote from: avikz on December 23, 2019, 11:04:32 PM

I'm sure Celsius network is not a little known name in crypto community. I have seen people are actively promoting it through social media, telegram channels, Twitter etc. Their main business is lending money to the people with minimum/no paperwork at low interest rate. People can also keep their money into CEL wallet to earn interest against it which eventually goes up to 10% annually.

While it's providing a good earning opportunity but I am still suspicious about using it because we have recently seen Plus token scam which operated in a somewhat similar model (if not entirely)! So I am looking forward for the community to provide their valuable feedback on Celsius Network.

Thanks in advance!

They seem to have came out of nowhere but they are already dominating i mean just checkout the growth in price of their tokens that is really impressive. I would have more confident if they had proper banking license or full regulatory compliance which they seem to lack also their service is not available globally as they have restrictions for some countries. I hope they will work on these to become real house hold name in future.

mt55

sr. member

Activity: 490

Merit: 250

Celsius is a legit platform. I use them for more than a year. They process over collateralized coin loans to institutions and earn a lot of $/BTC/.. with it. And they Share 80% of their revenues with their Depositors. That’s why rates are so high and change from week to week based on the demand for the coins. And cash loans are even more over collateralized and the collateral also earns a lot of money .. I absolutely understand how they earn the money they distribute to their depositors. I guess you should make some deeper research before making such assumptions.

Akiko

full member

Activity: 896

Merit: 198

Quote from: enhu on January 09, 2020, 10:27:00 AM

You mean this Celsius project? I'm not one of the investors but seem legit.

Its been created since 2017 and it seem to have lived still after the long bear market. I'm not sure if they are worth investing but if they have been here still after this havoc strike. I'm damn sure they still can be here. Its still listed in few exchanges.

that kind of project can run even 5 years since they are only giving small interest for investors.

If they became scam someday no one knows but its possible. as long as your money is not on your hands its not safe and its not your own so don't stored it there for long terms same thing when you hold your balance in exchange same risk.

If you really want to Invest and try just remember that don't put all your money in one investment so you will not be broke if one day that investment will turn to scam.

alteracoin

member

Activity: 129

Merit: 10

Quote from: btcdie on January 09, 2020, 10:50:54 AM

Quote from: enhu on January 09, 2020, 10:27:00 AM

You mean this Celsius project? I'm not one of the investors but seem legit.

Its been created since 2017 and it seem to have lived still after the long bear market. I'm not sure if they are worth investing but if they have been here still after this havoc strike. I'm damn sure they still can be here. Its still listed in few exchanges.

Okay, I think so too. I am not a Celsius project investor, but I am also sure that this seems legitimate. the project is registered with the CMC and is registered on 4 exchanges, 24-hour volume is also quite good. as you said this project has been made since 2017 and it seems they can survive in the long bear market, when compared to the others this project has a ROI of -34%. The pump started in November, for investment is now a little late, prices have soared.

Yes, great project.
Using them for depositing my crypto assets for several months.

btw CEL token price is going up now.

btcdie

sr. member

Activity: 784

Merit: 251

Quote from: enhu on January 09, 2020, 10:27:00 AM

You mean this Celsius project? I'm not one of the investors but seem legit.

Its been created since 2017 and it seem to have lived still after the long bear market. I'm not sure if they are worth investing but if they have been here still after this havoc strike. I'm damn sure they still can be here. Its still listed in few exchanges.

Okay, I think so too. I am not a Celsius project investor, but I am also sure that this seems legitimate. the project is registered with the CMC and is registered on 4 exchanges, 24-hour volume is also quite good. as you said this project has been made since 2017 and it seems they can survive in the long bear market, when compared to the others this project has a ROI of -34%. The pump started in November, for investment is now a little late, prices have soared.

enhu

legendary

Activity: 2492

Merit: 1018

You mean this Celsius project? I'm not one of the investors but seem legit.

Its been created since 2017 and it seem to have lived still after the long bear market. I'm not sure if they are worth investing but if they have been here still after this havoc strike. I'm damn sure they still can be here. Its still listed in few exchanges.

Dav7

full member

Activity: 289

Merit: 104

Making Money Online since 2006

I don't think Celsius will turn SCAM and believe it is a project with solid bases to go on over many years.

I already have some coins there earning interest every week

avikz

legendary

Activity: 3080

Merit: 1500

I'm sure Celsius network is not a little known name in crypto community. I have seen people are actively promoting it through social media, telegram channels, Twitter etc. Their main business is lending money to the people with minimum/no paperwork at low interest rate. People can also keep their money into CEL wallet to earn interest against it which eventually goes up to 10% annually.

While it's providing a good earning opportunity but I am still suspicious about using it because we have recently seen Plus token scam which operated in a somewhat similar model (if not entirely)! So I am looking forward for the community to provide their valuable feedback on Celsius Network.

Thanks in advance!

Topic: Celsius Network - what's your view on it? (Read 254 times)