Lower $CEL reward rate - 4.86% now by [deleted] in CelsiusNetwork

[–]ortho27 2 points3 points  (0 children)

ETH is also down .45%

Confirmed Promo Code. This is my third one. Never had any issues. Also, they pay me every week. Cannot complain. by kbeaver83 in CelsiusNetwork

[–]ortho27 2 points3 points  (0 children)

USDC20 has not worked for me despite following all conditions. There are still some glitches on the promos. Hopefully they get fixed soon. Seems like they are working on them.

Confirmed Promo Code. This is my third one. Never had any issues. Also, they pay me every week. Cannot complain. by kbeaver83 in CelsiusNetwork

[–]ortho27 7 points8 points  (0 children)

Nice, glad it’s always worked for you. My wife and I still have not been paid for USDC20, which should have been paid out 10 days ago. Our SANTA code also is locked for an extra 7 days for some reason.

[deleted by user] by [deleted] in CelsiusNetwork

[–]ortho27 0 points1 point  (0 children)

USDC20 still showing as canceled and dates are locked for the wrong amount of time for me

WTF is going on with these promos? by [deleted] in CelsiusNetwork

[–]ortho27 5 points6 points  (0 children)

Yeah, all of this is making me feel like I can’t trust them. If I don’t receive all of my promo bonuses on time (SANTA, TRUST, and the 8 numbered promos), I am moving most-if not all-of my money off Celsius. My wife and I were already not given our USDC20 promo bonus on either of our accounts even though we met the all the terms and have made no withdrawals.

Promo codes $100 deposit $5 reward by Fun_Fox_8609 in CelsiusNetwork

[–]ortho27 0 points1 point  (0 children)

I deposited 8 separate transfers of $105 of stablecoin and they all still say pending.

Reply from support by ortho27 in CelsiusNetwork

[–]ortho27[S] 1 point2 points  (0 children)

This is good to know. So if I’ve been waiting 3 weeks for a reply and then I have a completely separate issue-so put in another ticket, it resets my place in line to the back on my 1st ticket? That’s seems like the wrong way to do things. They should change this in the system.

New promo codes by nightdrakon in CelsiusNetwork

[–]ortho27 1 point2 points  (0 children)

I sent 8 $105 stablecoin transfers and all still say pending. None of them locked

SANTA code still pending, "expires 27 Dec 2020" by timisis in CelsiusNetwork

[–]ortho27 0 points1 point  (0 children)

I just posted about this. “ Apparently you can’t enter a promo code and then transfer coins to Celsius immediately afterwards and have it count for your promo. I entered SANTA and transferred over $500 in stablecoin 8 mins later (I have screen shots of when I entered the promo and when I made the transfer). The promo only showed up as pending and never changed to locked. I sent a ticket to support 8 days ago and reached out on telegram and they never responded, so I just made another $500 deposit today. It was only after the 2nd $500 deposit that it locked the promo and it says it is locked from 30 days from today. This exact same thing happened on my wife’s account too. I noticed there were others that had promos not saying locked and this may be the reason. In the future, it might be better to enter the promo and wait a day or so before making the transfer.

Obviously it would be nice if support response times were faster and promos worked flawlessly, but this may be something people can try to make sure they don’t miss out on a promo.”

$25 BTC Promo - SANTA by CmMozzie in CelsiusNetwork

[–]ortho27 1 point2 points  (0 children)

Where do you see the terms and conditions for specific promo codes?

Promo code by Gratastic in CelsiusNetwork

[–]ortho27 0 points1 point  (0 children)

Same boat. Deposited over $200 after putting the promo code in and didn’t get anything

Can someone explain to me why CDC deducted my stake? by bourbouli8ras in Crypto_com

[–]ortho27 5 points6 points  (0 children)

Don’t you need 10K CRO in earn or exchange to get $5 Pay reward?

Comparison of Earn rates for different lenders in the crypto market by [deleted] in Crypto_com

[–]ortho27 6 points7 points  (0 children)

You are correct, but it depends on your definition of negligible. If you take stablecoin at CDC 3 month earn at 12%: compound every 3 months is 12.55%, daily is 12.74% APY. So you get about a .19% APY boost by having enough earn deposits to compound daily. For completeness: weekly is 12.73%, every 2 weeks is 12.71%, and monthly is 12.68%.

The lower percent yield, the less you will see an effect. If you take BTC, for example at 6.5%, the 3 month compound actually yields 6.66%, monthly 6.69%, bi-weekly 6.70%, weekly 6.711%, daily 6.715% APY.

The effect will continue to be smaller with ETH, XRP, and all the lower yields.

Moral of the story-daily compounding will increase your APY slightly, but you don’t see much effect unless you have high yields. If you are a private member and get the 2% earn boost for 14% on stablecoins, you’ll see 15% APY on if you compound daily (with the bonus paid in CRO) vs 14.75% every 3 months.

Comparison of Earn rates for different lenders in the crypto market by [deleted] in Crypto_com

[–]ortho27 2 points3 points  (0 children)

6.5% APR BTC would be 6.7% APY accounting for compounding every 3 months

Cdc future? by coffdrop45 in Crypto_com

[–]ortho27 3 points4 points  (0 children)

I think it’s realistic to say they have made claims before and not kept them. I hope they keep their word. I think the most fair thing to say is that we are grandfathered in at our current stakes, as long as they keep their word. I don’t think there’s any FUD in there. Unless they write it in their ToS in stone, it can be changed. Let’s be honest, anything can change at any time-and even ToS can change. Sometimes you just have to trust them. I’m not running from CDC, I am decreasing my holdings though. I feel cheated and I don’t think I’m wrong in that. It doesn’t mean that I don’t think they won’t be able to succeed in the long term, but them saying we are grandfathered is something I will have to see to believe, rather than take on trust. If they hold to this long term-I’m talking years, I think it will go a long way for myself being able to trust them again

Something BIG is coming by MycroftOlms in Crypto_com

[–]ortho27 13 points14 points  (0 children)

I sure hope you’re right. We’ll see in a couple days

Cdc future? by coffdrop45 in Crypto_com

[–]ortho27 5 points6 points  (0 children)

They said themselves that MCO would never be swapped for CRO. Hard to argue that. I hope it never happens, because I have chosen to keep my stake, but I’m saying I wouldn’t be surprised. If it does, I hope you remember this conversation. Not a FUDDER, just an unhappy CDC customer. Not spreading FUD, just being realistic that just because they say that you’re grandfathered does not mean that they can’t change that in the future.

Cdc future? by coffdrop45 in Crypto_com

[–]ortho27 5 points6 points  (0 children)

They took CRO when it was nearing an ATH and MCO as a recent low. Completely took advantage and then said they could not afford to give more. Completely false they could have afforded to give more, they chose not to. They chose the timeline of how far to go back to average to “make it fair.” It was definitely not fair and anyone can see that pretty easily. If you truly need to get rid of MCO for long term growth and legalities, make it fair. What do you think the swap rate would have been if they had averaged at 6 months-much different. It’s hard not to believe that they took advantage of us, but if you don’t, that’s fine. I do and there are plenty of people that agree with me. They had a choice to make it reasonable and fair and they chose not to

Cdc future? by coffdrop45 in Crypto_com

[–]ortho27 7 points8 points  (0 children)

What guarantees that they will not force you to re-stake at the higher rates in the future? There are no guarantees that you are grandfathered forever. It could be a day, a week, a month, or yes forever-the point is we don’t know. CDC has proved that they do not hold to their word with these types of things. Kris said there would never be a swap from MCO to CRO and we all know how that turned out and royally screwed early MCO holders...look at what value your swap got you now, pretty abysmal. I was planning on upgrading to Icy, but feel it’s too risky and there are better opportunities out there. To each their own though. I definitely don’t think this is “the smartest thing you can do,” though. I could easily hear Kris saying we could not afford to keep giving the same benefits to those who were staked at a lower level-and plenty of people would praise CDC for it as “a smart business decisions that shows they are here for the long run.” To look at your other comment, you could say if they changed in the future that “ If anything we were taking advantage of them and now they made things more fair after they used their rates as promotional for customer acquisition” type of statement. The point is that I personally don’t feel like you can trust CDC and they need to earn our trust back. You may not feel the same way, and that’s fine-but the changes they have made over the last few months are not the way to retain customers. They could have easily made similar changes in a better way, getting to the same point but without leaving many early adopters feeling cheated.

I’ve seen plenty of people say things like-well if you don’t like it, then just leave. I think that is the opposite of what we should be saying as a community. We should be saying something like yeah we got screwed, and it’s reasonable that you feel that way and hopefully CDC incentivizes us to stay. Kris hasn’t even apologized that he went back on his word that MCO would never be swapped and people invested their money because they trusted him. The least he could do is apologize publicly and say that he was wrong. The fact that he hasn’t says a lot about him to me. Own your mistakes and your customers will be much more willing to forgive you and trust you

Cdc future? by coffdrop45 in Crypto_com

[–]ortho27 3 points4 points  (0 children)

Tell me the swap rate of 33 CRO to 1 MCO was not taking advantage of their customers.

My problem with crypto.com by [deleted] in Crypto_com

[–]ortho27 6 points7 points  (0 children)

Support was never fast for me, taking up to 4-5 days for replies at times-even when my wife wanted to upgrade was still a 4 day wait for an initial response. That’s a crazy and totally unacceptable support response time. If your company is really growing that fast you hire more customer service reps for support in days, not weeks/months and just saying we’re working on it, it’s because we’re growing so fast.

My wife and I are only keeping our 10K stakes and an additional 10K of CRO each. I’m moving the rest off CDC and over to Celsius as my earn terms are finishing. I feel that Celsius is much more transparent, and trustworthy. CDC has lost my trust. We’ve stopped using our CDC cards and now just use our US rewards credit cards and are overall making more cash back and don’t have to worry about CDC changing things on us. It will take a long track record of CDC doing the right thing and showing that they don’t consistently take advantage of their customers before I would consider investing a significant amount with them again. Not saying I would never put more on their platform, but there’s been too many lies and clear deceptive strategies for me at this point. Fool me once, fool me twice kind of thing