Celsius acknowledges $1.2B hole in balance sheet

Re:Celsius acknowledges $1.2B hole in balance sheet by Nursie on Friday July 15, 2022 @10:27PM (#32114763)

Savings accounts are for short-term liquid ... savings. You only keep in those what you need in the forseeable.

None of these is "investing in dollars" though. You're not just holding dollars and hoping the value will go up, because literally nobody does that. By design. If you want money to grow you invest it in productive assets. Unless you're into cryptocurrency when you gamble it on group psychology and dickbutt jpegs like 3AC did.

> Bitcoin doesn't have this problem

You haven't described a problem.

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Re:Celsius acknowledges $1.2B hole in balance sheet by trixie_ on Saturday July 16, 2022 @12:09AM (#32115144)

I can play semantics too. Like you're not really 'investing' when you buy a stock, you just bought a share from someone else.

Your hurr crypto bad because NFTs and 3AC is basic association fallacy.

The problem is the dollar will not appreciate, bitcoin will, whether you like it or not.

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