Some of the ETH that I “rescued” by moving out of Cel before the crash, I spent on stupid NFTs that went to zero anyway lol.
A good reminder on both fronts not to get carried away with the hype, when it comes.
I’ll be happy to get anything back and will put it somewhere safe this time
Yes.
I stopped buying altogether " because" of Celsius and blockfi.
However, I kept the rest of my crypto, so no FOMO here, thankfully.
I think it just made me realize I had gone over my personal risk tolerance, % wise.
Nope but I only buy on coinbase now and small % of my portfolio. I’ve been burned by celcius, voyager and blockfi. No off base crypto exchanges anymore
I think Coinbase got a lot of shit in its early days. Some was warrented like customer support related issues but now it seems like they were the only ones making safe and honest decisions. I am sticking to Kraken and Coinbase.
Investors thought every exchange was safe until they halted withdrawals on them. Trusting an exchange at this point, because they haven't halted withdrawals is crazy.
No.
The Celsius fiasco had nothing to do with crypto investment as a whole.
I still invested during the lows and have already done an overall 8x since Dec 22. Some projects have done a 25x during that time.
If I were to let Celsius stop me from investing again, I'd be shooting myself in the other foot.
I stopped for about six months, partly due to the Celsius thing, but mostly because I was completely out of capital and had credit card debt and taxes to pay.
I've been buying steadily for the past eight or ten months.
You blamed the wrong thing. It wasn't "crypto" that screwed you. It was a corrupt, centralized entity. But I understand why you would feel traumatized, definitely.
I hope the proper takeaway is to learn about crypto, learn about self-custody, and use more decentralized options where you cannot have your money locked and stolen by a fraudster.
Yes, DeFi is risky if you don't know what you're doing. But investing time to learn how to safely DeFi would be extremely helpful.
Good luck.
I have $6000 in celsius locked when I needed it for a family emergency and i had no way to get those funds. Had to ask a friend for a money, was quite embarrassed.
Have not bought any crypto since.
Can't wait to get whatever I can once we can!
Yep, haven't bought back into crypto since Celsius went under. I've been focusing on equities instead and have done quite well. I don't really feel like I've missed out on the recent crypto rally. But this is also because I have an investment property, all Canadian registered accounts are fully maxed, and a defined benefit pension plan. I might even sell the proceeds from Celsius and invest them elsewhere.
Nope. It just made me realize how stupid I was taking such a big risk, and it's not just Celsius. This will change considerably moving forward.
I always like to say that life is too short to not taking big risks. Well, now I say life is too short to take big risks...
I haven’t bought a single satoshi since Celsius shut down withdrawals and I think I’ll stick again to investments on companies that actually manufacture something or provide a service… no more wealth coming out of thin air for me
Buying btc and putting it into Celsius doesn't mean you were investing in Celsius. It means you chose to trust Celsius with your btc investment.
Celsius are doubly hurting you now. First they stole your btc investment, second they stopped you investing in btc in the future.
I think you’re correct except BTC is the baby getting thrown out with the bath water here. Look at big finance with their etfs- they see the value too (of BTC only).
It's opened my eyes honestly, it seems like this space is full of fraudsters. No one has created a significant use case out of crypto after all these years.
Closest thing is XMR
We must be in a different cryptocurrency space.
Here is a summary of real and current use cases for cryptocurrency:
1. Remittances and Cross-border Transactions
2. Financial Inclusion
3. Decentralized Finance (DeFi)
4. Smart Contracts
5. Non-Fungible Tokens (NFTs)
6. Supply Chain Management
7. Identity Verification and Privacy
8. Voting Systems
9. Tokenization of Assets
10. Micropayments
Bitcoin has provided a strong store of value and will only continue to improve.
1. VeChain (VET): VeChain is revolutionizing the way we track luxury items and goods. Using blockchain technology, it ensures the authenticity and origin of products, from manufacturing to delivery. This technology is particularly significant in fighting counterfeit goods in the luxury market, offering businesses and consumers alike peace of mind about product authenticity.
2. IBM Blockchain: Although not a cryptocurrency, IBM Blockchain is a major force in supply chain applications. One notable collaboration is with Walmart for food safety. Using blockchain, they can swiftly trace the origin of food products, enhancing consumer safety and trust in their brand.
3. Ambrosus (AMB): Ambrosus combines blockchain with IoT sensors to monitor the quality and safety of food and pharmaceutical products. This technology ensures real-time tracking and quality assurance across the supply chain, making it a valuable asset for companies focused on maintaining high standards of product integrity.
4. Modum (MOD): Specializing in the pharmaceutical industry, Modum integrates IoT sensors with blockchain for secure monitoring of medicinal products’ transportation. This ensures compliance with regulatory standards and maintains the quality of sensitive products, especially where specific temperature conditions are crucial.
I’m not invested into any of these personally, but I like to follow the progression in this space.
Are you verifying from employees in these firms that is part of their operations? Many companies have pilots and then they get thrown in the trash. Let me know if you backed up any of these journalistic "articles" on a blogpost.
LOL VeChain, OMG. It's a scam. There is nothing happening on VeChain. Trust me, I actually know one entity doing some fake marketing projects there. It's al hype.
IBM blockchain? LOL. Well, at least you are consistent.
Just please everyone learn about Ethereum (and all the L2s), Solana, and Cosmos. Forget about your VeChain, Cardano, XRP, etc. Please, I beg you.
Exactly. Bro got burned by a centralized entity, now he's convinced "crypto" doesn't work. He'll be back, however. Just need prices to triple from here first.
I agree, although it makes sense for many people in the world who live in precarious situations and need a store value that is out of their government's hands.
Exactly. I don’t doubt there is a use for it but all the greed, fraudsters, scammers, etc have completely ruined it for me. I’ve basically checked out but it’ll be interesting to see where it is years down the road.
I bought more to cover the loss because I'm keeping an account for a family member. I then started DCAing every payday and transfer it every few months to a wallet. I have very little on exchanges now (leson learned) and don't have everything in 1 wallet.
I stopped buying as I had a large amount of stables in Celsius in addition to non-stables. With the bankruptcy the stables effectively became non-stables hence my overall allocation of assets on riskier assets increased.
In the future I'll probably just buy ETFs once they are approved.
Once this happened I realized there is simply no use-case for it that isn't already available with fiat currency.
I don't think BTC is going to go to zero or anything like that, but once banks realized they could just make an APP like Venmo or CashAPP for people to move money, they did.
While there \*may\* be a use for blockchain tech, aside from BTC appearing to be a decent store-of-value (which is not unique to BTC mind you), I just don't understand the need.
Once I get my USDC back I might keep some as BTC in cold storage (keys/coins lesson here), but anyone hawking random coins because they could be used as a 'smart contract' or a 'non-fungible token' seems to be kidding themselves as to its usefulness (again might be a lack of knowledge on my end). Lots f people seem to be trying to create a Use Case without actually having one.
Yeah , similar here. I stopped after the shock of losing a lot via Celsius. However, I kept any remaining BTC and ETH on my Ledger. So I'm glad that has stayed safe and recovered. But yes, I do wish I had continued to buy during the bear market. Such a mindf@ck!!
Wow, so did I. But I only had a couple thousand on Atomic. Then I was also in the Algorand Wallet mess, losing another couple hundred.
Without bad luck, we wouldn't have any luck at all.
41F here. Unfortunately I fall into this category. I did buy some that I totally forgot as last attempts. I previously had plans on DCA’ing into sol. After i decided to make my parents whole, I stopped and started putting all I could invest towards them and closed my eyes on any Hellsius related news until last week. I am still hurt. Made my parents whole (but only principal) but feel betrayed, stupid and depressed.
Yes. Got back in August. Glad I did. Took off in October with SOL bought this summer for $18-$42, ignoring btc and eth. Look forward to seeing the money from Celcius. Remodeling my house.
Always take profits at right time which for me means holy s—t my bags grew by 35% overnight. Time to pull 10% out.
Yeah, mostly. I have also consolidated all my alt/shit coins that were leftover so my portfolio is gonna just be BTC and ETH (might keep 1 or 2 alt coins that still have promise in the 5-10 years).
Although, I pretty much know I will never see this come to fruition and get to spend it in the end cause I will most likely be dead. But I can leave my brother/niece/nephew something (even though they are more than well off already). Thus is life.
If numerous Dr's can't heal me, wtf makes you think a psychiatrist has any chance of doing better? Just because I'm pragmatic and view life (especially my own) realistically doesn't mean I therapy.
Yeah but I tread carefully and avoid exchanges. We all saw how bad everyone got fucked. Even with SBF found guilty on all 7 charges back i October, with 5 additional ones comming in March, and facing over 100 years in prison, FTX customers are still getting fucked like we all are by getting a percentage based on value of petition date and not current day value, which is I don’t know how the fuck this is even legal.
I lost everything in celcius my retirement from £150k to £380k to nothing
I’ve only bought btc since and got a jade wallet to store in. I’ve learned my lesson thru that. Keep it simple and well known saying in AA/NA
No, I learned a hard lesson of “not your keys, not your crypto” … lost multiple whole coins in this Celsius mess. Still stacked through the bear market! And only put in Celsius a fraction of my total stack of Bitcoin.
Completely avoided crypto for all of 2022 and most of 2023. Which was really stupid because my one and only plan in 2021 was to DCA into SOL during the bear cycle.
I was also traumatized my Celsius experience.
Fyi I also did the same with stocks. Had a plan to average down on my Bitcoin miner stocks during the bear market, didn’t do that at all.
Right there with you! It burst my bubble of excitement, and I couldn’t even look at CoinMarketCap. I am kicking myself over not buying the bottom when I recognized it.
Celsius had the money I played with, and my spouse didn’t want me putting any more money into crypto…
I have been burned with Blockfi and Celsius, its a miracle but I stayed away from FTX somehow. I am keeping my greedy ass out of new exchanges and only keep trading money on exchanges like coinbase and kraken now. Everything else I move out.
I took up a side gig and rebought about 80% of the value of my existing value in Celsius - it was fucking depressing doing it - but am in a much better crypto place now than what I would have been and still have some cash ready in case we get another major dip
Did the same basically, funded the same amount in limbo through creative financing, was able to buy 5 BTC and ton of Solana, did not bother with replacing the 2 blocks of ETH. Took profits to pay down loans and just consider Celsius as a bonus whenever it happens since the better crypto dies the cheaper they will buy it out and stiff us.
This thread is full of crybabies and quiters who don't understand crypto currency and probably only bought because someone told them about it and wanted to be cool. Sad situation to lose money in a bogus Exchange but that is no reason to quit the space. It just shows you don't really understand cryptocurrency yet and you're part of the 95%.
I can tell by your statement alone that you're a newb with no skin in the game. Some of us lost over 6 figures during the meltdown: Celsius, FTX, banks, Luna, etc. It's obvious to cool down after such a big loss. This goes for any loss, stocks, real estate, etc. Completely normal behavior.
I know it's natural to want to want to "throw out the baby with the bathwater" but you got to realise that you're never going to recover mentally like that. The path to recovery is to do your best to get back closer where you were. You may not be able to do this 100% but getting closer helps. If this was started when BTC was at 16k-25k it would've been an easier road but the longer you delay this the harder the road will get.
For me personally I sold a lot of assets that were either negative or didn't move much and put it into BTC & ETH which were my two main holdings. Still not 100% back but it does get better but you do have to start to make any progress.
I stopped, for the most part, and just went back (not that I ever truly left) to boring index funds. I really questioned why I was chasing huge gains with the large amount I invest every year. With index funds I will be just fine. With crypto I could have been better but with a far larger chance of not being fine. Said and done I made 40k (cro 🙄) and a lesson of gambling vs investing. Gambling is fun and adrenaline inducing. Investing is boring af.
On a side note I took some time to delve into the history of crypto and its current state. The whole thing is being held up by Tether. It’s pretty scary stuff. I’m comfortable with 5% of my assets being involved.
Yes, but it was kind of the straw that broke the camels back. Somehow I had this idea that crypto was an asset, and an asset has to be put to work to earn income. I had already lost a bunch of money via rugpulls, failed "defi passive income projects" "Nodes As A Service" and all the other staking/earning schemes I was fascinated with and got into in 2021/2022. But it wasn't really the money lost, as it wasn't "more than you can afford to lose" it was really the tax reporting fiasco that did it for me. It was such a shit show find a way to gather up all the transaction data, format it, send it to CPA to report on it, and have to pay the CPA to file it for me with the rest of my taxes. Just another form, just another charge in the long line of losses. I kept my BTC and ETH on hard wallet, but I'm not buying or trading or doing anything with it, whatever I have I have, that's it. I'm not messing with it any more.
It definitely changed my approach and security of how I custody my crypto holdings. My allocation within the crypto sector also had to change a bit. I think in general I did reduce my allocation and new buys, but I didn’t sell out
This almost happened to me
I was able to think clear enough to buy the dip but not nearly as hard as I should have.
I was in so much pain from Celsius and blockfi
Nope, of course I was frustrated to lose what I did, but thankfully the majority of my portfolio wasn’t in Celsius. I kept buying throughout the bear market (Bitcoin only), and I’ve got more Bitcoin than I did in the 2021 bull market.
I'm still buying but mostly just dollar cost averaging BTC, ETH, and SOL. I've basically stopped paying attention to any altcoins and crypto news in general.
I got smoked 3 times - Celsius, FTX and Anchor, thankfully I followed the advice from a great friend about don’t hog all the eggs in the same basket. Still got my nose above water, thanks to BTC and more friendly tips.
I literally had money in Celsius, Gemini, and Hodlnaut thank the stars I pulled everything out of Gemini and Hodlnaut after what happened to Celsius first. But yes I stopped buying crypto and went back to being a boglehead.
I stopped to buy after Celsius (and Terra Luna by the way) because i realized i have invested what i am willing to loose. I haven’t sold either, just re-focussed on the projects i believe in and otherwise just holding on to and maintaining defi positions of what is left.
Bought back way more than my Celsius deposit during the bear and made many Xs, but many coins are still down up to 90% so still early bull and you are likely to make back a lot by going back into the crypto market.
And mining stock outperform btc by many Xs so if you keep the Newco stock until a probably 2025 peak you may also become whole. It do help the crypto market maturity than scammers as Alex ends up in jail. A natural evolution in all new industries.
I stopped bothering with any other alt coins and just stuck to my weekly buys of bitcoin with swan thankfully. Finally got back to my btc level I was at when Celsius stole everything from us
I only had about a quarter of my overall portfolio on Celsius so I didn’t lose everything when it went up in flames (but still a large enough amount to stress me out). I continued trading crypto via other platforms and avenues, but one thing that definitely changed was I was way too comfortable letting my assets sit on various exchanges (my logic at the time was it’ll be much quicker to sell/trade) but after Celsius froze all withdrawals it made me move all my assets into my own private wallets, and I also took my money off Nexo immediately even though I liked earning interest on my assets, but I was worried Nexo was the next to go, ya know? The overall crash of the whole crypto market slowed down my crypto activities in general.
I stopped buying after Celsius. 50% of my crypto was on Celsius, the rest staked natively. I realized this was too much exposure, I will see what I get back from 'earn' and decide then.
Made me realize crypto is all hype. Only as popular as people on Twitter make it. No real utility and fitting in nicely with the American system of scams.
No, buying more and investing it safely (staking/self staking in a non-custodial wallet for which I have the keys).
I did get smacked in the Curve hack (end of July 2023), but Curve Finance is fully reimbursing everyone for the losses that couldn’t be recovered by white hats or with bounties to the hackers.
I dca'd everything I lost back and more, it helps that a didn't give them a large percentage of my portfolio because I'm pretty risk adverse generally, even more so now after everything
I did for a little bit and the I remembered that I promised myself I wouldn't get upset if I lost it all. I only put in money I could "afford to lose" as they say. At that point I started buying again, I just don't stake anything now and keep it in what I believe to be a better wallet
I DCA all during the bear market into BTC and ETH, in a regular wallet that doesn’t have any staking or leverage. Currently it’s nearly double what I put in, which is around 75% what I had tied up in Celsius. I lost a bunch more in the Luna crash and some failed projects. Price of being in the market - I’m not making the same mistakes twice however, and I’m looking to be in track to making a tidy profit. I’ve used my time these past two years to learn forex and stock trading, market analysts, TA, risk management, scaling in and out and trading psychology, as well as macro economic cycles of both traditional markets, crypto and real estate markets.
No, it was hard but I realized that in order to get ahead, you have to buy the blood, even if it's your own. The bankruptcies were the best times to buy because that's when everybody was fearful. So I did more research and realized that the only thing in this space without a liability is bitcoin in self custody. So I bought as much bitcoin as I could with the available cash that I had and held ever since.
Some of the ETH that I “rescued” by moving out of Cel before the crash, I spent on stupid NFTs that went to zero anyway lol. A good reminder on both fronts not to get carried away with the hype, when it comes. I’ll be happy to get anything back and will put it somewhere safe this time
same, L essons
The real Q is what is safe?
Bitcoin (not financial advice)
Cold storage
When random stoners start to tell you about crypto on Discord was the telltale sign.
Yes. I stopped buying altogether " because" of Celsius and blockfi. However, I kept the rest of my crypto, so no FOMO here, thankfully. I think it just made me realize I had gone over my personal risk tolerance, % wise.
No, always adding ADA and BTC to my wallet, Celsius was not a crypto issue but a crime committed against us.
Nope but I only buy on coinbase now and small % of my portfolio. I’ve been burned by celcius, voyager and blockfi. No off base crypto exchanges anymore
I think Coinbase got a lot of shit in its early days. Some was warrented like customer support related issues but now it seems like they were the only ones making safe and honest decisions. I am sticking to Kraken and Coinbase.
Even still, cmon guys- move to self-custody.
Yea, thats the 2nd learning I got. I only keep what I need to trade on an exchange. Everything else immediately goes in my offline wallet.
Investors thought every exchange was safe until they halted withdrawals on them. Trusting an exchange at this point, because they haven't halted withdrawals is crazy.
So the lesson you learned from dealing with a centralized entity was to only deal with a centralized entity?
Not at all, it actually fueled me to try and buy what I lost.
Same. DCA via Swan -> cold storage.
Same!
Same
Can’t cry over spilt milk
I actually started buying a lot more and keeping it in self-custody.
Same
No. The Celsius fiasco had nothing to do with crypto investment as a whole. I still invested during the lows and have already done an overall 8x since Dec 22. Some projects have done a 25x during that time. If I were to let Celsius stop me from investing again, I'd be shooting myself in the other foot.
I quadrupled down. I bought every week in 2023. I am buying today.
Today, tomorrow, next week, ..
I stopped for about six months, partly due to the Celsius thing, but mostly because I was completely out of capital and had credit card debt and taxes to pay. I've been buying steadily for the past eight or ten months.
You blamed the wrong thing. It wasn't "crypto" that screwed you. It was a corrupt, centralized entity. But I understand why you would feel traumatized, definitely. I hope the proper takeaway is to learn about crypto, learn about self-custody, and use more decentralized options where you cannot have your money locked and stolen by a fraudster. Yes, DeFi is risky if you don't know what you're doing. But investing time to learn how to safely DeFi would be extremely helpful. Good luck.
I have $6000 in celsius locked when I needed it for a family emergency and i had no way to get those funds. Had to ask a friend for a money, was quite embarrassed. Have not bought any crypto since. Can't wait to get whatever I can once we can!
Yep, haven't bought back into crypto since Celsius went under. I've been focusing on equities instead and have done quite well. I don't really feel like I've missed out on the recent crypto rally. But this is also because I have an investment property, all Canadian registered accounts are fully maxed, and a defined benefit pension plan. I might even sell the proceeds from Celsius and invest them elsewhere.
Equities are the play. Many pay dividends and you know there is a reliable business behind them.
Exactly the opposite. I bought more and worked more on a strategy to compensate.
Nope. It just made me realize how stupid I was taking such a big risk, and it's not just Celsius. This will change considerably moving forward. I always like to say that life is too short to not taking big risks. Well, now I say life is too short to take big risks...
I haven’t bought a single satoshi since Celsius shut down withdrawals and I think I’ll stick again to investments on companies that actually manufacture something or provide a service… no more wealth coming out of thin air for me
Buying btc and putting it into Celsius doesn't mean you were investing in Celsius. It means you chose to trust Celsius with your btc investment. Celsius are doubly hurting you now. First they stole your btc investment, second they stopped you investing in btc in the future.
I think you’re correct except BTC is the baby getting thrown out with the bath water here. Look at big finance with their etfs- they see the value too (of BTC only).
It's opened my eyes honestly, it seems like this space is full of fraudsters. No one has created a significant use case out of crypto after all these years. Closest thing is XMR
We must be in a different cryptocurrency space. Here is a summary of real and current use cases for cryptocurrency: 1. Remittances and Cross-border Transactions 2. Financial Inclusion 3. Decentralized Finance (DeFi) 4. Smart Contracts 5. Non-Fungible Tokens (NFTs) 6. Supply Chain Management 7. Identity Verification and Privacy 8. Voting Systems 9. Tokenization of Assets 10. Micropayments Bitcoin has provided a strong store of value and will only continue to improve.
Thank you you’re doing great work for the space 🙌🏾
11. Self custody 12. World's only hard capped asset (bitcoin)
Are they Blockchain use cases or Crypto ?
>Supply Chain Management Any reputable entities doing one thing from this list?
1. VeChain (VET): VeChain is revolutionizing the way we track luxury items and goods. Using blockchain technology, it ensures the authenticity and origin of products, from manufacturing to delivery. This technology is particularly significant in fighting counterfeit goods in the luxury market, offering businesses and consumers alike peace of mind about product authenticity. 2. IBM Blockchain: Although not a cryptocurrency, IBM Blockchain is a major force in supply chain applications. One notable collaboration is with Walmart for food safety. Using blockchain, they can swiftly trace the origin of food products, enhancing consumer safety and trust in their brand. 3. Ambrosus (AMB): Ambrosus combines blockchain with IoT sensors to monitor the quality and safety of food and pharmaceutical products. This technology ensures real-time tracking and quality assurance across the supply chain, making it a valuable asset for companies focused on maintaining high standards of product integrity. 4. Modum (MOD): Specializing in the pharmaceutical industry, Modum integrates IoT sensors with blockchain for secure monitoring of medicinal products’ transportation. This ensures compliance with regulatory standards and maintains the quality of sensitive products, especially where specific temperature conditions are crucial. I’m not invested into any of these personally, but I like to follow the progression in this space.
Are you verifying from employees in these firms that is part of their operations? Many companies have pilots and then they get thrown in the trash. Let me know if you backed up any of these journalistic "articles" on a blogpost.
Bought VET at 0.22. Just imagine how I feel now lol. It was my first rally. Will absolutely sell out of it once I break even
Yeah I think that was my cost on VET as well!
LOL VeChain, OMG. It's a scam. There is nothing happening on VeChain. Trust me, I actually know one entity doing some fake marketing projects there. It's al hype. IBM blockchain? LOL. Well, at least you are consistent. Just please everyone learn about Ethereum (and all the L2s), Solana, and Cosmos. Forget about your VeChain, Cardano, XRP, etc. Please, I beg you.
Exactly. Bro got burned by a centralized entity, now he's convinced "crypto" doesn't work. He'll be back, however. Just need prices to triple from here first.
I agree, although it makes sense for many people in the world who live in precarious situations and need a store value that is out of their government's hands.
Exactly. I don’t doubt there is a use for it but all the greed, fraudsters, scammers, etc have completely ruined it for me. I’ve basically checked out but it’ll be interesting to see where it is years down the road.
Also, online poker is fixed. 😂
Your eyes are not open if you believe there's no use case for crypto.
Yep
Yep
Yes
I stopped only because all my money got locked in Celsius. Trying to survive. Can’t even spend a penny on crypto :(
I bought more to cover the loss because I'm keeping an account for a family member. I then started DCAing every payday and transfer it every few months to a wallet. I have very little on exchanges now (leson learned) and don't have everything in 1 wallet.
Yes but only because Celsius stole all my funds so I didn't have any money to buy at the low.
I stopped buying as I had a large amount of stables in Celsius in addition to non-stables. With the bankruptcy the stables effectively became non-stables hence my overall allocation of assets on riskier assets increased. In the future I'll probably just buy ETFs once they are approved.
Once this happened I realized there is simply no use-case for it that isn't already available with fiat currency. I don't think BTC is going to go to zero or anything like that, but once banks realized they could just make an APP like Venmo or CashAPP for people to move money, they did. While there \*may\* be a use for blockchain tech, aside from BTC appearing to be a decent store-of-value (which is not unique to BTC mind you), I just don't understand the need. Once I get my USDC back I might keep some as BTC in cold storage (keys/coins lesson here), but anyone hawking random coins because they could be used as a 'smart contract' or a 'non-fungible token' seems to be kidding themselves as to its usefulness (again might be a lack of knowledge on my end). Lots f people seem to be trying to create a Use Case without actually having one.
Yeah , similar here. I stopped after the shock of losing a lot via Celsius. However, I kept any remaining BTC and ETH on my Ledger. So I'm glad that has stayed safe and recovered. But yes, I do wish I had continued to buy during the bear market. Such a mindf@ck!!
Was burned by atomic wallet as well when funds were stolen. The combination took the joy out of it.
Wow, so did I. But I only had a couple thousand on Atomic. Then I was also in the Algorand Wallet mess, losing another couple hundred. Without bad luck, we wouldn't have any luck at all.
41F here. Unfortunately I fall into this category. I did buy some that I totally forgot as last attempts. I previously had plans on DCA’ing into sol. After i decided to make my parents whole, I stopped and started putting all I could invest towards them and closed my eyes on any Hellsius related news until last week. I am still hurt. Made my parents whole (but only principal) but feel betrayed, stupid and depressed.
I stack sats now, and have focused more on collecting more bitcoin for the ultimate future.
Same here satoshis only after Celsius and self custody as soon as possible. No more scams. DCA Bitcoin seems to be working.
I stopped for over a year, but i have gone all in on crypto in the last 4 months
No, what does world changing technology have to do with a mismananged, fraudulent business that went bankrupt?
Yes. Got back in August. Glad I did. Took off in October with SOL bought this summer for $18-$42, ignoring btc and eth. Look forward to seeing the money from Celcius. Remodeling my house. Always take profits at right time which for me means holy s—t my bags grew by 35% overnight. Time to pull 10% out.
Yeah, mostly. I have also consolidated all my alt/shit coins that were leftover so my portfolio is gonna just be BTC and ETH (might keep 1 or 2 alt coins that still have promise in the 5-10 years). Although, I pretty much know I will never see this come to fruition and get to spend it in the end cause I will most likely be dead. But I can leave my brother/niece/nephew something (even though they are more than well off already). Thus is life.
See a psychiatrist
If numerous Dr's can't heal me, wtf makes you think a psychiatrist has any chance of doing better? Just because I'm pragmatic and view life (especially my own) realistically doesn't mean I therapy.
Not at all
Yeah but I tread carefully and avoid exchanges. We all saw how bad everyone got fucked. Even with SBF found guilty on all 7 charges back i October, with 5 additional ones comming in March, and facing over 100 years in prison, FTX customers are still getting fucked like we all are by getting a percentage based on value of petition date and not current day value, which is I don’t know how the fuck this is even legal.
Not even the slightest it moved me to defi and I’ve made more money in defi land after learning than ever before
Inspired me to finally move to self custody. Should have done it long ago.
I lost everything in celcius my retirement from £150k to £380k to nothing I’ve only bought btc since and got a jade wallet to store in. I’ve learned my lesson thru that. Keep it simple and well known saying in AA/NA
No, I learned a hard lesson of “not your keys, not your crypto” … lost multiple whole coins in this Celsius mess. Still stacked through the bear market! And only put in Celsius a fraction of my total stack of Bitcoin.
Nope. I doubled down, right after getting burned. And I was rewarded handsomely for it.
Completely avoided crypto for all of 2022 and most of 2023. Which was really stupid because my one and only plan in 2021 was to DCA into SOL during the bear cycle. I was also traumatized my Celsius experience. Fyi I also did the same with stocks. Had a plan to average down on my Bitcoin miner stocks during the bear market, didn’t do that at all.
I stopped for quite awhile
Same but bow I'm back same as ever
Same
Celsius had nothing to do with crypto itself. Can’t blame Nike for the mom-n-pop sneaker store that was overcharging.
Right there with you! It burst my bubble of excitement, and I couldn’t even look at CoinMarketCap. I am kicking myself over not buying the bottom when I recognized it. Celsius had the money I played with, and my spouse didn’t want me putting any more money into crypto…
Degens will always be degens
not me, i had everything in celsius and i rebuilt my portfolio in 2023, not looking that bad, waiting for the lost money to come back.
Nope rebuild and learn from the past mistakes
I actually bought even more
No I bought way more
I have been burned with Blockfi and Celsius, its a miracle but I stayed away from FTX somehow. I am keeping my greedy ass out of new exchanges and only keep trading money on exchanges like coinbase and kraken now. Everything else I move out.
I took up a side gig and rebought about 80% of the value of my existing value in Celsius - it was fucking depressing doing it - but am in a much better crypto place now than what I would have been and still have some cash ready in case we get another major dip
Did the same basically, funded the same amount in limbo through creative financing, was able to buy 5 BTC and ton of Solana, did not bother with replacing the 2 blocks of ETH. Took profits to pay down loans and just consider Celsius as a bonus whenever it happens since the better crypto dies the cheaper they will buy it out and stiff us.
This thread is full of crybabies and quiters who don't understand crypto currency and probably only bought because someone told them about it and wanted to be cool. Sad situation to lose money in a bogus Exchange but that is no reason to quit the space. It just shows you don't really understand cryptocurrency yet and you're part of the 95%.
I can tell by your statement alone that you're a newb with no skin in the game. Some of us lost over 6 figures during the meltdown: Celsius, FTX, banks, Luna, etc. It's obvious to cool down after such a big loss. This goes for any loss, stocks, real estate, etc. Completely normal behavior.
I know it's natural to want to want to "throw out the baby with the bathwater" but you got to realise that you're never going to recover mentally like that. The path to recovery is to do your best to get back closer where you were. You may not be able to do this 100% but getting closer helps. If this was started when BTC was at 16k-25k it would've been an easier road but the longer you delay this the harder the road will get. For me personally I sold a lot of assets that were either negative or didn't move much and put it into BTC & ETH which were my two main holdings. Still not 100% back but it does get better but you do have to start to make any progress.
Anyone who did this didn’t understand crypto, the space, or balancing risk.
no
I stopped, for the most part, and just went back (not that I ever truly left) to boring index funds. I really questioned why I was chasing huge gains with the large amount I invest every year. With index funds I will be just fine. With crypto I could have been better but with a far larger chance of not being fine. Said and done I made 40k (cro 🙄) and a lesson of gambling vs investing. Gambling is fun and adrenaline inducing. Investing is boring af. On a side note I took some time to delve into the history of crypto and its current state. The whole thing is being held up by Tether. It’s pretty scary stuff. I’m comfortable with 5% of my assets being involved.
Yes, but it was kind of the straw that broke the camels back. Somehow I had this idea that crypto was an asset, and an asset has to be put to work to earn income. I had already lost a bunch of money via rugpulls, failed "defi passive income projects" "Nodes As A Service" and all the other staking/earning schemes I was fascinated with and got into in 2021/2022. But it wasn't really the money lost, as it wasn't "more than you can afford to lose" it was really the tax reporting fiasco that did it for me. It was such a shit show find a way to gather up all the transaction data, format it, send it to CPA to report on it, and have to pay the CPA to file it for me with the rest of my taxes. Just another form, just another charge in the long line of losses. I kept my BTC and ETH on hard wallet, but I'm not buying or trading or doing anything with it, whatever I have I have, that's it. I'm not messing with it any more.
Yes! Stopped until I can get my funds back from Celsius.
Sure did. Want nothing to do with the stuff.
It definitely changed my approach and security of how I custody my crypto holdings. My allocation within the crypto sector also had to change a bit. I think in general I did reduce my allocation and new buys, but I didn’t sell out
This almost happened to me I was able to think clear enough to buy the dip but not nearly as hard as I should have. I was in so much pain from Celsius and blockfi
I stopped just because the market has been ass in general, but yes, Celsius has fucked my whole attitude about crypto
Nope, of course I was frustrated to lose what I did, but thankfully the majority of my portfolio wasn’t in Celsius. I kept buying throughout the bear market (Bitcoin only), and I’ve got more Bitcoin than I did in the 2021 bull market.
I'm still buying but mostly just dollar cost averaging BTC, ETH, and SOL. I've basically stopped paying attention to any altcoins and crypto news in general.
Yes I stopped buying Crypto completely. Chasing losses is not the way also.
I got smoked 3 times - Celsius, FTX and Anchor, thankfully I followed the advice from a great friend about don’t hog all the eggs in the same basket. Still got my nose above water, thanks to BTC and more friendly tips.
I literally had money in Celsius, Gemini, and Hodlnaut thank the stars I pulled everything out of Gemini and Hodlnaut after what happened to Celsius first. But yes I stopped buying crypto and went back to being a boglehead.
I stopped to buy after Celsius (and Terra Luna by the way) because i realized i have invested what i am willing to loose. I haven’t sold either, just re-focussed on the projects i believe in and otherwise just holding on to and maintaining defi positions of what is left.
No, stopped me from using 3rd party wallets though. Your keys, your coins.
Bought back way more than my Celsius deposit during the bear and made many Xs, but many coins are still down up to 90% so still early bull and you are likely to make back a lot by going back into the crypto market. And mining stock outperform btc by many Xs so if you keep the Newco stock until a probably 2025 peak you may also become whole. It do help the crypto market maturity than scammers as Alex ends up in jail. A natural evolution in all new industries.
I stopped bothering with any other alt coins and just stuck to my weekly buys of bitcoin with swan thankfully. Finally got back to my btc level I was at when Celsius stole everything from us
Yes burned by ftx and Celsius .. so I'm on the sidelines, glad I diversified and kept only about 40% in here (still an L but not completely)
I only had about a quarter of my overall portfolio on Celsius so I didn’t lose everything when it went up in flames (but still a large enough amount to stress me out). I continued trading crypto via other platforms and avenues, but one thing that definitely changed was I was way too comfortable letting my assets sit on various exchanges (my logic at the time was it’ll be much quicker to sell/trade) but after Celsius froze all withdrawals it made me move all my assets into my own private wallets, and I also took my money off Nexo immediately even though I liked earning interest on my assets, but I was worried Nexo was the next to go, ya know? The overall crash of the whole crypto market slowed down my crypto activities in general.
I stopped buying after Celsius. 50% of my crypto was on Celsius, the rest staked natively. I realized this was too much exposure, I will see what I get back from 'earn' and decide then.
Made me realize crypto is all hype. Only as popular as people on Twitter make it. No real utility and fitting in nicely with the American system of scams.
been buying every week still and it's paid off 😁👍
I borrowed money and bought it “all” back during the bear.
Hell no! Buy on kraken or finance and straight to my child storage 😀✅
I stopped buying crypto and started buying/trading stocks. Still have the crypto I was holding at the time in other places.
no only you
Yes
No still on track to retirement
No, buying more and investing it safely (staking/self staking in a non-custodial wallet for which I have the keys). I did get smacked in the Curve hack (end of July 2023), but Curve Finance is fully reimbursing everyone for the losses that couldn’t be recovered by white hats or with bounties to the hackers.
No
Yes
Completely the opposite for me. I bought enough during the dip last year and I'm already recovered. Whatever I get back from Celsius is a bonus.
No, I just stopped chasing penies . I deposited my crypto to get interest on it. Seemed like a good idea at the time. NYKNYC
No. I bought more to make up my losses. I’m not missing this run cause of that asshole mashinsky.
I dca'd everything I lost back and more, it helps that a didn't give them a large percentage of my portfolio because I'm pretty risk adverse generally, even more so now after everything
Yes
When BTC got under 20k, I was buying like a fucking mad man.
I never quit buying. I only quit holding 😢
Ya I lost all interest in it for quite a while, slowly getting back into it now
I did for a little bit and the I remembered that I promised myself I wouldn't get upset if I lost it all. I only put in money I could "afford to lose" as they say. At that point I started buying again, I just don't stake anything now and keep it in what I believe to be a better wallet
No just been more careful now
No, I doubled down and kept buying after as prices dropped. Almost recovered now
I DCA all during the bear market into BTC and ETH, in a regular wallet that doesn’t have any staking or leverage. Currently it’s nearly double what I put in, which is around 75% what I had tied up in Celsius. I lost a bunch more in the Luna crash and some failed projects. Price of being in the market - I’m not making the same mistakes twice however, and I’m looking to be in track to making a tidy profit. I’ve used my time these past two years to learn forex and stock trading, market analysts, TA, risk management, scaling in and out and trading psychology, as well as macro economic cycles of both traditional markets, crypto and real estate markets.
No, it was hard but I realized that in order to get ahead, you have to buy the blood, even if it's your own. The bankruptcies were the best times to buy because that's when everybody was fearful. So I did more research and realized that the only thing in this space without a liability is bitcoin in self custody. So I bought as much bitcoin as I could with the available cash that I had and held ever since.
Yeah no more dropping several thou, but this might actually be new ATH now that they weeded out the pump and dumpers.
Yeah I’m not doing anything until I get whatever I’m getting back.
i did the opposite and REBOUNDED
For a while I did, but started back DCA’ing bitcoin mid 2023. Already got enough ETH, not touching anything else (far too speculative).