CC#005 - With due diligence, it pays to think outside the box.

The one reason why I never kept funds with Celsius.

Picture the scene.

You are considering holding assets with a crypto company.

This isn’t just any crypto company.

It’s a thriving crypto company with billions of dollars under management, paying excellent stable interest rates (up to 17%) on various crypto assets.

✔

It has a prominent (if a little bombastic) CEO with lots of crypto experience who holds weekly AMA’s (Ask Me Anything’s) on social media.

✔

Its native token is one of the best-performing assets of the year, which increased from $0.50 to over $8 in six months.

✔

The crypto company even has a very loyal social media following, who are quick to argue with critics and mock those who suggest selling the native token (CEL) in profit (i.e. me).

1/2 a ✔ (I would consider a following that is too loyal a red flag).

Despite all of these, I only held assets with the Celsius network for a short period in late 2020.

Why?