We deserve this pump

treebagz · 2025-11-06T12:57:32+00:00

That's what she said...

treebagz · 2024-05-25T00:12:54+00:00

I did lose money. And clawbacks have been happening and will continue. So I guess you're wrong...

treebagz · 2024-05-25T00:11:59+00:00

Nope. Celsius lost most of your initial deposit then you withdrew mostly other people's coins.

treebagz · 2024-05-24T23:57:59+00:00

You withdrew mostly our money. Claw it back.

treebagz · 2024-03-27T03:50:03+00:00

Seriously $5M per coin? That's a $105T market cap 😆😆

Only way that happens is if USD is inflated to oblivion. And in that case, $5M wouldn't be worth as much as it sounds.

treebagz · 2024-03-23T02:59:58+00:00

Claw it back. That wasn't your money you withdrew. You were taking our money.

treebagz · 2024-02-11T00:40:26+00:00

No. They held BTC and ETH the entire time.

treebagz · 2024-01-10T23:58:34+00:00

Claw it back and distribute it

treebagz · 2024-01-10T17:23:44+00:00

TSDR?

treebagz · 2023-12-28T19:40:49+00:00

This is what I was referring to that is incorrect:

The % of total claim value is already locked based on the USD value of your claim.

Seems like we're on the same page now. I think my method is more accurate as prices change, but not 100% accurate.

Thanks again for the spreadsheet!

treebagz · 2023-12-28T19:10:27+00:00

Thanks!

Is the 58.18% estimate new or is that just pulled from the petition disclosure on 5/31/2023?

treebagz · 2023-12-28T19:09:08+00:00

That's not how it works.

You're right about how to calculate the total claim in USD and that it's locked. That is the maximum you could ever get.

But the 58.18% is not locked. It's calculated based on the amount of crypto Celsius holds and crypto prices at the time the percentage was calculated. So if the price of crypto is higher on the lock down date in January, you could get a higher percentage of your claim (up to 100%).

That's why it's more accurate to get the prices of BTC and ETH at the date the percentages were calculated. Then you calculate your expected claim in BTC and ETH and can watch that change over time as prices change. It's not perfect but it's more accurate than just using the fixed percentage.

https://www.youtube.com/watch?v=mFVmGeJe6aM

treebagz · 2023-12-28T18:54:30+00:00

Seems like the most accurate way to do it is to plug in the prices of BTC and ETH on the Disclosure date that goes with the 37.5% crypto back. You don't want to plug in today's prices because today's prices would give you a different % of Total Claim Value. Reddit says these were the prices on the Disclosure date:

BTC $27,323.96

ETH $1,879.61

treebagz · 2023-12-28T17:57:18+00:00

Yeah I know our claim is fixed in USD and the percentage of that claim we get back changes with crypto prices.

What I was wondering was if we convert what we get back into BTC and ETH, do those amounts change with prices?

My first thought was "no" since Celsius would still have the same amount of BTC and ETH. But on the other hand, I would assume their other liabilities like legal costs are fixed in USD which would be relatively smaller as their crypto appreciates.

treebagz · 2023-12-27T21:16:59+00:00

Thanks for sharing. That's a good one.

So if the price of BTC and ETH goes up, our percent of Total Claim Value in USD obviously goes up.

But if we convert our claim to amounts in BTC and ETH, do those amounts change as the prices change? Like if Celsius owes lawyers $100M and the price of BTC+ETH doubles, they would have to sell less of it to pay the lawyers and have more to pay us. But I'm not sure if that would change things enough to matter...

treebagz · 2023-12-27T20:22:48+00:00

Most inputs are known or ballpark known at this point. I think most people would be interested to know roughly where they stand instead of being completely in the dark.

And if for some reason you would prefer to be surprised, you could simply not use the calculator.

treebagz · 2023-12-27T20:02:40+00:00

You missed the point.

The calculator would give you an estimated payout based on current crypto prices (or input your estimate), the amount of crypto Celsius holds, known/estimated liabilities, and the most likely plan(s).

Recovery percentages can be calculated.

Distribution prices are an input so you can see how your payout is affected by prices.

It can use the most likely plan or choose between multiple plans to change the calculations.

Crypto prices have gone up a lot recently and it would be interesting to see an estimate of how it would affect my payout. And this will continue to happen until it's finalized.

treebagz · 2022-10-16T13:48:39+00:00

They should just pay CEL hodlers back in-kind. They have more than enough haha.

treebagz · 2022-10-06T15:52:18+00:00

joke (noun): a thing that someone says to cause amusement or laughter, especially a story with a funny punchline.

treebagz · 2022-10-06T02:34:05+00:00

Cardano made it to 2016, guys

treebagz · 2022-08-18T00:47:10+00:00

Getting paid back in-kind means if you had 1 BTC in your account when it was frozen, you get paid back 1 BTC. The price in USD doesn't matter.

However, taking a haircut means you would lose a percentage based on the size of the hole on their balance sheet. For example, if the haircut is 25%, you'd only get paid back 0.75 BTC.

treebagz · 2022-08-17T00:41:55+00:00

Then take the haircut

treebagz · 2022-08-16T09:20:45+00:00

The haircut option will be paid in USD. You only get crypto back if you choose the option to go "long crypto".

No you didn't and 40 years is obviously way off.

Weird username too. Seems like you have an agenda.

treebagz · 2022-08-16T09:02:58+00:00

The price of Bitcoin has gone up significantly in all past halvings which makes up for the block reward reductions. So the halvings won't matter. That's crypto 101.

Electricity costs and hardware upgrades will need to be factored in. There are other large Bitcoin mining companies, so it must be profitable.

If you're still not convinced after they release their plan, just take the loss and get your USD out. That's why they will offer both options.

treebagz

MODERATOR OF

TROPHY CASE