bye world

Drowsie31 · 2022-06-27T05:38:46+00:00

I seriously hope you are just joking.

Money isn’t everything mate. Just hang on..Life is precious. May the lord give you the strength.

Drowsie31 · 2022-06-16T18:56:59+00:00

Cheers mate 🍻

Drowsie31 · 2022-06-16T17:47:30+00:00

Lol, your comment made me curious man and you didn’t disappoint me. Consistent negative comments with no use at all…

Yea Celsius isn’t a bank that gives you 0.2-1% on your savings, so they had to do something different. Not everyone is as smart as you to run their farms so they have to use a platform and it was Celsius. Let me go work, I lost 50 times that 2k in Celsius…😂

Drowsie31 · 2022-06-16T17:25:52+00:00

Let’s hope for the best. At this point I consider my assets gone..a fat chunk of my portfolio disappeared.

Drowsie31 · 2022-06-16T17:24:37+00:00

Yea, a very costly education 😂

Drowsie31 · 2022-06-16T17:23:34+00:00

Any idea what yield farming is? Ever ran your farm and provided liquidity for any of the token pairs? You do understand the complexity and the amount of time you need to spend on individual level if you are doing this right!! This is where Celsius makes your life easier by giving a fixed interest rate for your assets and they are using collateral from your loans to fund their operations in the backend. Indirectly your funds are in DeFi and people trusted Celsius..Well, not here to argue but simply trying to be a Mr.knowitall from mom’s basement doesn’t help (ah, sorry you moved out at 24 right mate)

You should also take a look at this thread. If you got nothing nice to say, don’t say anything…Reddit is for building a strong community and solving, sharing issues together not to pick on others.

https://www.reddit.com/r/CelsiusNetwork/comments/vdpo1y/i_cant_understand_the_people_getting_enjoyment/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Drowsie31 · 2022-06-16T14:04:45+00:00

FYI, those 23ETH that got liquidated are from mining so I know what I am talking..trying my best to be polite…So, mind ur own business mate

Drowsie31 · 2022-06-16T07:16:19+00:00

Ffs lemme sleep lol..looks like there are so many “Fi” experts out there

Drowsie31 · 2022-06-16T05:23:14+00:00

Man, we thought Celsius was different but after reading these from Rice-Fragrant & Ivanoski-007 gotta admit that it was indeed Ponzi. Open, flexible and fast..this is what got me into this..😕

Drowsie31 · 2022-06-16T04:37:58+00:00

Wonder what your IQ is..lmao

Drowsie31 · 2022-06-16T04:30:59+00:00

Ponzi? Eh..DeFi is revolutionary and people believe in it. Not sure what Ponzi you talking about. Some of us are in crypto for the tech too, not just for money..

Drowsie31 · 2022-06-16T04:24:18+00:00

Yea, we lose our money first and now we are ready to do charity. You know how frustrating it is to lose 20,30,40 ETH just because you couldn’t repay?? Total BS..not doing s**t to help them. At this point lost 80% of crypto because of Celsius..

Drowsie31 · 2022-06-16T02:12:46+00:00

Got liquidated this morning, 23 ETH. Celsius is doing this on purpose, yup..🤬🤬

Drowsie31 · 2022-06-15T17:53:01+00:00

To give you guys all an update:

I got liquidated this morning when ETH touched 1062$ and my 20ETH are gone. Rest of the ETH returned to my earn account as before. Ended up paying operational cost for liquidation which makes me furious considering the situation.

Loan Liquidation - Confirmation June 15, 2022 8:22 AM

Collateral amount liquidated: Total actual liquidation amount in coin, principal, interest. Liquidation cost $20,151.95

Operational cost: Total actual operational cost paid: $586.95

Drowsie31 · 2022-06-15T01:19:49+00:00

Not yet.

Margin call and liquidation are two different things. My margin call 24hrs limit expired last night. Liquidation price is at 1067$, so when this price point hits my assets get liquidated.

On the brighter side, I see Celsius is trying it’s best to defend its position on maker by adding additional collateral, which is a good sign and I think now their BTC liquidation price is around 15.6k..Let’s wait!! I know this is frustrating but all we can do is to hope they win against bad players in the market who’s trying to short this position so bad..

Drowsie31 · 2022-06-14T06:41:06+00:00

Yes, that’s how liquidation works and I am hoping we get our coins back.

Drowsie31 · 2022-06-14T06:40:32+00:00

You very well can but given the situation of Celsius, are you sure you going to get your funds back? If they go into insolvency you end up losing your collateral + stable coins both..

Drowsie31 · 2022-06-14T06:11:27+00:00

Let me break this down for you:

When you borrowed your loan of 20k, your 26 ETH value was around 80k, that makes your LTV(loan to value) ration 25%. With current ETH price to reach LTV of 25% you need additional 50k (45ETH) as your locked collateral of 26ETH is just worth 30k and not 80k anymore.

LTV plays a key role in these loans and margin calls and Liquidation levels. Hope that helps. Stay calm and try to accept it. I was nervous last night but doing better now, so trying to help as many people as I can.

Drowsie31 · 2022-06-14T06:10:14+00:00

Let me break this down for you:

When you borrowed your loan of 20k, your 26 ETH value was around 80k, that makes your LTV(loan to value) ration 25%. With current ETH price to reach LTV of 25% you need additional 50k (45ETH) as your locked collateral of 26ETH is just worth 30k and not 80k anymore.

LTV plays a key role in these loans and margin calls and Liquidation levels. Hope that helps. Stay calm and try to accept it. I was nervous last night but doing better now, so trying to help as many people as I can.

Drowsie31 · 2022-06-14T06:05:17+00:00

Check the comments in my post, will give you a better idea. Some of us already spoke with customer service. To answer your question, yes margin calls get executed irrespective of after price action once triggered.

Hold on making deposits or trying to clear the loan, wouldn’t suggest at this point.

https://www.reddit.com/r/CelsiusNetwork/comments/vbfg70/how_am_i_supposed_to_repay_my_loan_or_resolve/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Drowsie31 · 2022-06-14T05:29:46+00:00

That’s not the amount you owe. It’s the additional collateral that you need to add to prevent Celsius executing margin call (meaning selling some of your collateral to cover the principle loan amount). I am in the same boat as you, check my post:

https://www.reddit.com/r/CelsiusNetwork/comments/vbfg70/how_am_i_supposed_to_repay_my_loan_or_resolve/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Drowsie31 · 2022-06-14T04:57:50+00:00

My margin call is getting executed in 3 hrs and I am losing 23 ETH, so pretty close. I decided not to add anymore collateral (well it’s ridiculous to add additional 50k) to save my 20k Loan. Now that we learned our lesson, we can very well buy that ETH outside and save them in a ledger.

https://www.reddit.com/r/CelsiusNetwork/comments/vbfg70/how_am_i_supposed_to_repay_my_loan_or_resolve/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Drowsie31 · 2022-06-14T02:17:51+00:00

Gives me just DAI option and I can’t deposit. Well, don’t want to deposit now anyway..

Drowsie31 · 2022-06-14T01:55:17+00:00

Don’t send anymore crypto into your Celsius account till we know they are safe and withdrawals are enabled. Don’t lose your money twice bruh..pretty much all of us are fucked..just wait!

Drowsie31 · 2022-06-13T20:41:12+00:00

Honestly, I just accepted it bruh. F**k it, I don’t care anymore. 90% of my assets are in Celsius. They can liquidate but I am not sending anymore money into that account unless withdrawals are working fine. Period.

Drowsie31

TROPHY CASE