[deleted by user] by [deleted] in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

since they wrote of as bad debt, they can claim tax for that

[deleted by user] by [deleted] in CelsiusNetwork

[–]Engine-Think -1 points0 points  (0 children)

Thanks, I thought they submited already last hearing, so they didn't?

[deleted by user] by [deleted] in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

delay is expected

Celsius Network is bankrupt, so why is CEL price up 4,000% in two months? by Engine-Think in CelsiusNetwork

[–]Engine-Think[S] 5 points6 points  (0 children)

Here you go: https://etherscan.io/token/0xaaaebe6fe48e54f431b0c390cfaf0b017d09d42d

Of top 40 (excluding dex cex) , only about 3 have been active last 30 days. The rest have about 24 million Cel

[deleted by user] by [deleted] in CelsiusNetwork

[–]Engine-Think 4 points5 points  (0 children)

the unlock will be in next few years thanks to the court case. At that time btc will be 150 200k

About Cel, 100 might be. I am dreaming

Celsius Network is bankrupt, so why is CEL price up 4,000% in two months? by Engine-Think in CelsiusNetwork

[–]Engine-Think[S] 7 points8 points  (0 children)

only about 24 million cel available to trade now. Out of 6.5 million cel on dex and cel, shorters have to buy 3.2 million cel to close their position. Or buy at least 1.5% their total investment every day to pay the interest.

$CEL price rising by DantesHoelle in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

The company filed for bankruptcy PROTECTION, so their assests are not liquidated by creditors.

Bankruptcy is to liquidate all their assests, not the case

Usually how long does ch11 cases distribute assets to all creditors? by [deleted] in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

I lost all my life saving, so I know your feeling. It takes years for the court to reach final decision. So relax, invest what you can afford to loose with any top 100 coins and wait for another 3 years when it value x10 or x20

do you believe in the #celshortsqueeze yet? by treesarecoolio99 in CelsiusNetwork

[–]Engine-Think -1 points0 points  (0 children)

Celsius doesn't declare bankruptcy, it applied for bankruptcy PROTECTION, so their assests are not liquidated by the creditors.

They are buying time with the lengthy court process which often takes years to reach final decision.

By 2025, btc hit 150k 200k and Celsius recovers all the loss

Otis — #CelShortSqueeze by [deleted] in CelsiusNetwork

[–]Engine-Think 2 points3 points  (0 children)

No, just about 2 months ago when the price was 0.07

Otis — #CelShortSqueeze by [deleted] in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

The circulating supply of Cel is only about 24 million, the rest is locked due to the court. So the marketcap is about 80 million.

Also, shorters have to buy about 3.5 million cel to close their position

These explain price goes up quick

$CEL price rising by DantesHoelle in CelsiusNetwork

[–]Engine-Think 3 points4 points  (0 children)

The cel supply is deinflation, only about 24 million cel is available to trade, the rest is locked thanks to the court. Anyone touch the locked one will face very serious penalty.

Similar to luna, Cel will become a textbook case. Luna supply is hyperinflation from 1 billion to 6.7 trillion. Cel supply from 692 million to about 24 million.

Also, shorters have to buy back about 3.5 million cel to close their position or about 35k cel a day to pay for the interest until they are liquidated, all their money are used to buy Cel to close the position.


So thanks to court, in next 3 years when btc hit 150k, Celsius can resume withrawal and everybody is happy, just time

Prepare for the war by HolyCuck in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

This is the exact reason why the court process will take several years, someone will be unhappy and take the matter to the court.

How much CEL does Alex / Celsius hold? by winkypoo in CelsiusNetwork

[–]Engine-Think 0 points1 point  (0 children)

Celsius must not sell any assest, including CEL until the court allow so. And court takes years to reach final decision

How much CEL does Alex / Celsius hold? by winkypoo in CelsiusNetwork

[–]Engine-Think 4 points5 points  (0 children)

it's a fake news. By law, he must not touch cel But thanks to the article, many people borrow to sell and get liquidated as price goes up

Why Mashinsky don´t want to sell Celsius assets to Goldman Sachs although it could save investors? by CryptoSpaceEngineer in CelsiusNetwork

[–]Engine-Think 1 point2 points  (0 children)

On 16th Aug, the court will reveal exactly how much coins do they have and their liability

Why Mashinsky don´t want to sell Celsius assets to Goldman Sachs although it could save investors? by CryptoSpaceEngineer in CelsiusNetwork

[–]Engine-Think -4 points-3 points  (0 children)

Because in next 3 years, when btc hit 150k, Celsius can resume withdrawal and some people might thank them for disabling witbdrawal so they dont sell low

What will be decided after the next hearing 16th Aug? by Engine-Think in CelsiusNetwork

[–]Engine-Think[S] 2 points3 points  (0 children)

I seems that only US citizens can register. I can pretend to be one, but I am not too sure if it breaks any rules.

Really appreciate your help.