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Celsius Freezes Withdrawals (Breaking News)
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In this video, I discuss the ongoing implosion of the crypto lender Celsius. A few hours ago, they froze withdrawals, and it is likely in my opinion that they do not have enough assets to cover all of their liabilities. If you still have assets at Celsius, there is a good chance that you will only be able to recover pennies on the dollar, if anything at all.
The tide is going out, and there will be more blow-ups and casualties. This is why it is so important to know what you own (I own only Bitcoin), and to hold your own private keys. "Not your keys, not your Bitcoin."
The Best Ways To Store Small and Medium Amounts of Bitcoin:
https://www.youtube.com/watch?v=rTIl7TKEowg&ab_channel=TraderUniversity
Best Way To Store Large Amounts of Bitcoin (Multi-Sig):
https://www.youtube.com/watch?v=e27pC-gUDIc&ab_channel=TraderUniversity
Not investment advice! Consult a financial advisor.
My prediction from May 2022 about Celsius imploding:
https://www.youtube.com/watch?v=cBiJ_8DSnjQ&ab_channel=TraderUniversity
Celsius pauses withdrawals:
https://twitter.com/CelsiusNetwork/status/1536169010877739009
CEL token tanks:
https://decrypt.co/102715/celsius-tanks-as-company-pauses-withdrawals-citing-liquidity
https://coinmarketcap.com/currencies/celsius/
Nexo offers to take over Celsius:
https://www.coindesk.com/business/2022/06/13/nexo-proposes-celsius-buyout-as-rival-halts-withdrawals/
Kraken Will Freeze Your Bitcoin:
https://www.youtube.com/watch?v=jsM7ldlzj9Y&ab_channel=TraderUniversity
My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/
What it's actually like to hodl Bitcoin:
https://preview.redd.it/zz2mbbejm9j61.jpg?auto=webp&s=114f43472c28aeab4a9350f9b871854f0ceca3af
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#celsius
#bitcoin
#cryptocrash
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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