I don't know why this is, but it's frustrating for global travelers or for people living in a new country that uses the other measurement. It's not like a few extra bytes of information will bust the servers. Always a pet peeve for me.
So, recently started using Celsius through it's integration in the Digifox wallet (super great wallet btw, made by Nick Merten at DataDash, give it a look).
Anyways, the % return on there for USDC is 10.94%. This seems absolutely insane compared to returns that I get from savings accounts at banks. But, it's also kind of insane compared to any traditional asset class (stocks, bonds). Bond funds are paying out 2-3%, and long term S&P500 returns are 7-10% annually, depending on what metrics you use.
So, what is the downside to just parking a big % of my net worth in USDC, dropping it on celsius, and making terrific returns. Since the underlying asset is pegged to the dollar (USDC seems pretty trustworthy, backed by reserves, audited, compliant, etc), you're also insulated to big macro crises like corona rocking stocks or other more volatile crypto. Ofc you're 100% exposed to inflation, but the 10.94% return really mitigates that.
The only thing stopping me is: is Celsius safe? I can't put tons of money in and get rugpulled, or have a hack take all my money. Major banks get backstopped by the government when there's a huge crisis, I can't imagine a TARP program to save Celsius users if anything goes wrong.
So, a few questions:
I say this because I’ve taken out puff pastry from the fridge and it’ll literally melt in my hands after I cut a piece off in the kitchen (going to blast the air con next time)
I kinda needed it defrosting now so I’m considering buying it chilled in the evening right before I use it :/
Can anyone refer me to an ama where alex describes what lending protocols are for institutions? I want to know if these loans are collateralized so i can make a better determination of the risk involved.
I can’t find real estate available where I can net more than 9% on my money.... it’s hard to believe I can make 11.5% on essentially liquid money.
I want to believe it but I need some evidence. We have been hearing about increased transparency for a year now.... when is the additional transparency going to actually happen?
They can’t possibly make enough money doing 1%, 3.5% and 7% loans to pay out 11.5%, so they must be doing loans at 15+% which is mad.
Please be specific with response, everyone is always so vague and it i think this subject should be crystal clear
How are you getting the coins into CelsiusNetwork? Would like to learn the best ways to get USDC and other stable coins to Celsius? Should I buy from Coinbase and send it or buy on Celsius directly? Which approach would have the lowest cost/fees? Thanks,
Hi folks, I'm planning on investing some money on Celsius Network.
The plan was to send EUROS to Binance (0.50€ fee for sepa) buy USDC (0.1% fee for the trade) and send them to Celsius (2.92 USDC fee). I think this plan is decent.
Thing is I've seen that you can buy USDC with USD on Coinbase without any fee with dollars and send them to Celsius with very few or no fee at all. Do you know if it is possible to buy them with no fees with EUROS? I'm trying to understand this with no luck. Thanks in advance!
I delided my 8700k carefully. Followed every step. Pc boots and either shuts down or bsods. Rarely I'll make it to bios and it will confirm 100° temps before shutting down. Made it past login screen once. Where I used core temp and my cpu was at 85-90 ish degrees with 24-35% usage. Lmao. The fuck is going on. Shit is making me rage. Anyone have any clue. Also I installed a new water pump h115 platinum. It only halfway works. I'm pretty sure the pump doesn't work. Rgb for it isn't working either. Fans work but only one rgb light is on. I tried booting with and without cooler. Near Instant overheating and shutdown with each. Top of IHS feels like magma. Any idea how I went from 95 ish degrees at full load to 100° at 25 percent? WITH liquid metal.
Edit: Pics of Delide
Edit 2: Issue solved. Reapplied my LM, replaced my defective cooler with a working one, getting 77 ish degrees 100% cpu usage at 4.9ghz.
thoughts on what is going to happen 15th of october when all bitfinex customers will be able to start earning yield in Bitcoin, Ethereum and Ripple via Celsius.
How many more assets do you guys think will be added? How many more customers? How much more buying pressure will be added to the weekly buybacks?
Celsius currently has about 50-60k active customers, Bitfinex has more than 5million users. If only 1% of all bitfinex users are gonna start using this service it would ad another 50k active customers and therefore would double the active customer base almost overnight.
Curious to know what other people think about this situation:)
My thoughts are this- if CN is offering 11.55% APY on stable coins, but high yield interest banks are only offering maybe 2% APY, why isn't everyone and their mother moving all of their savings into Celsius? Is it that people don't trust crypto enough?
I want to add funds from my bank account to Celsius via USDC to get that excellent interest rate. What is the current lowest fee way to do that?
I had read an older post about transferring the funds on coinbase, transferring to coinbase pro, then buying the usdc and then transferring to Celsius. Is that the cheapest option now?
Hello, recently i started eyeing Celsius Network to use as account for my savings. The team looks genuine and smart. I just wanted to hear directly from their users about their experiences with the platform.
I’m very excited to be apart of this community and am looking to HODL my way to the future of crypto investments! May the odds be ever in your favor (just watched all the Hunger Games for the first time, so bear with me).
PS I’d love a super quick TLDR of tips and tricks using Celsius!
I spent time growing up in both a warm weather place in the US, and a cold weather place outside the US.
I learned hot weather in Fahrenheit and cold weather in Celsius. I use both systems fluently.
Having lived both systems, I can quite confidently say that neither of them is more intuitive than the other, and until there's some psychological research on which one is better, I will die on this hill.
Hi! New here, just made my account today... I wanted to start off with little money (college student here), but a 10 dollar or 3.5% fee if purchasing with card is kinda insane to me. I saw that if you do it through your bank its 0.1% for ACH? Does pnc support ACH? Im a little lost and would like to invest a little money without paying insane fees. Thank you for the guidance
Hello all, Do any fellow New York State residents know if you can hold LINK? Can you earn interest and/or take a loan against LINK as a NYS resident? Thank you!
My i7 6700k (not overclocked) is hitting 95-100 Celsius after about 10 minutes of running a Prime95 blend test. I’ve remounted my cpu fan (Cryorig H7) and reapplied thermal paste. What does this mean? Is my fan going bad? The blades seem to spin just fine. The case has been dusted top to bottom.
Hello, I just signed up at Celsius the other night and deposited some DAI. Looking forward to my first interest payment! I opted for payment in CEL because I'm interested in getting my Loyalty Tier up.
Would users suggest buying MATIC or SNX to get the super high 22% APY in CEL? Or just buy CEL on an exchange to make it easier? Part of me would rather get DAI on my DAI, and figure out getting CEL another way.
Any thoughts or strategies?
I’ve been trying to convert but need a bit of help.
I don’t want exact scientific answers except for two of them, as science doesn’t help me use it during normal conversation. I want purely opinions and estimates. I’ve numbered them to make answering easier, just stick the number of whichever one(s) you’re answering at the start.
What’s the freezing point of water in Celsius?
What counts as a nice temp (so like in the middle, not too hot not too cold, like fall weather, 65F ish)?
What counts as hot (like American summer hot?)
What counts as REALLY hot (like desert temps?
What’s the boiling point of water in Celsius?
What counts as chilly (so like, early winter before it’s really started to snow yet and you just have to wear a slightly heavier jacket outside than a normal hoodie)?
What counts as REALLY chilly (so like, Alaska and the like)?
If you do bother to answer I might think of other ones so please be prepared for that possibility, so I don’t annoy you accidentally.
I think the website looks great, notable CEO, and I personally believe in the project but I have my doubts... I’ve heard some good things and no tx fees to withdraw. But the big elephant in the room... how does Celsius protect customers from potential hacks or loss of coins. It’s terrifying to think about losing what’s locked up on Celsius, as opposed to, holding on safer mediums such as cold storage.
So Celsius users, please enlighten me and elaborate on your experience.
We all know of the latter, but as a recent first time depositor into CEL can someone differentiate the two for me in serious layman terms for me? I love the idea but my crypto-skepticism is still strong I guess. Please don’t punish me too bad for the sacrilegious question!
Welp, that’ll do it. Note Bitfinex is #6 global crypto exchange by trading volume.
Hi. I just got time to try out my new rig which is primarily a build to play some games on. I played X-plane 11 today, and my settings is quite high as i got a bit stronger GPU this time. But my CPU temp is bouncing between 60-70° celsius while i'm playing. My GPU temp is at a constant 58-59°. Are my CPU temp fine? Thanks in advance!
Obviously when I search online I see the whole Fahrenheit (°F) = (Celsius x 1.8) + 32, but I don't know how to put this into the InfluxQL code, and can't seem to find any answers online. Can anyone help out?
EDIT: I ended up figuring it out.
SELECT mean("temperature") * 9 / 5 + 32 FROM "philips-hue"
At least for me, for some reason the 1.8 decimal would not work.
Missed Friday's AMA? Start your Sunday off right and catch up on everything here: October 16th AMA
Highlights include a new loan promo code, lower loan minimums, four new coins this week (UNI/UMA/MANA/SGR), more info on CelSwap, and more! And unbank yourself with my referral code: 148895d2c9.
EDIT: How much of your net worth is tied to the Celsius Network platform (not necessarily the CEL token itself).
I’m currently at 23%.
I trust the CEO, the founding team, the fact that they have the cofounder of Blockchain advising them, their security measures, their big-time partnerships, their CEL appreciation, their mission. It helps me sleep at night.
However, I’ve used the platform for less than a year and will ramp up as time passes.
Can others share their % holdings and also elaborate what their risk tolerance is for Celsius?
I am not a unrealistic biased lambo moonboy.
I am stating some cold hard facts and using objective and fundamental analysis.
I would like to encourage my fellow Nexo investors in using some critical thinking here.
What warrants Nexo being out performed by it's rival, by a whopping 980%?
This is on top of the meagre dividend - how is that good enough?
If Nexo delete this post, I am selling my bag at the next dividend and stopping my business with them for good. Seems like the dividend is the only real catalyst for positive price action.
Fresh from being ripped off @ CDC, and just tried to buy 1000 CEL. Their rate on the app: = $1.95 AUD vs market rate = $1.80 AUD, that’s a $150 AUD slide......!!!!???? Is that normal and I’m just being a tightarse (Scrooge, cheapskate), OR WHAT....?????
Please get rid of the dividend and provide option to earn boosted yields in NEXO. We clearly see how well this works with Celsius. It would allow NEXO to provide competitive interest rates and remove issues caused by the dividend:
By the time the weekend is done, it would make no economical sense to earn stablecoins in kind, the shift toward CEL begins, and pure magic happens!
Only $4M in daily volume what if that was $400M?
Only 200k users what if that was 20M, 2 billion users?
Missed yesterday's AMA with Alex and Zach? Never fear, the writeup is here!
Highlights this week include ZCH, AAVE, and UNI coming to the app very soon, more details about CelSwap, a big partnership with Bitfinex announced, Celsius' own version of The Apprentice, and more! And unbank yourself with my referral code: 148895d2c9.
I asked this question at the last AMA and wanted to know other's opinions on this. Alex and other employees seeing the actual profit margins/financial information are probably the only ones who can accurately answer this. Here is Alex's answer that didn't really answer it as well as I would have hoped: https://youtu.be/wVYzS_0qD9E?t=4187.
What I love about Celsius as an investment is stablecoin earns 11.55% APY which is similar if not better returns than other traditional investment assets like stocks/S&P500 and real estate. However, unlike those it's much more liquid and it feels as though your principal investment isn't at risk of going down (note: "feels" since it could go to 0 if these companies fail or get hacked). This liquidity makes it seem like the best investment ever but there still is an unknown factor...risk. Typically, it goes higher risk higher reward. I hope proof of community will reveal more information for us to get a better assessment of risk.
When you all are putting stablecoin into Celsius as an investment, what asset class are you comparing it to in terms of risk?
I'm tempted to put fiat savings into usdt - the interest celsius offers is far better than any normal bank.
How long should we expect the current apy to stay? Is there a chance they could be scrapped in a few weeks/months?
Anyone know if Celsius is available in S. Korea?
I submitted this questions to their CS and their bot email says they take up to 7 days to answer non-high priority questions.
Celsius Network is an app for earning interest on your cryptocurrencies up to 12%. You can also get around 8% interest on stablecoins. They are definitely legit, I and many others here already successfully completed this offer.
If you sign up using a referral link they now offer $20 free in BTC after you deposit the equivalent of $200 in cryptocurrencies on the app.
Tip: buy the (stable)coins through the Crypto.com app (no fees when paying by card!)
Let me know if you have any questions! I have succesfully withdrawn money from the app, PM me if you want more details :)
Currently tinkering with my setup and I sit at about 76 degrees under load. I have a couple options to improve, but would prefer to see if anyone has accomplished such without having to shell out money to change the system.
I moved a decent amount of my savings into USDC on the Celsius app and currently live in the US. While I trust Alex and the Celsius team, what are the odds that the US government can just take down Celsius for US users as well as USDC? Has the US government taken down any crypto/crypto companies before in the past?