Why do retards fall for scams like Celsius?

Why do retards fall for scams like Celsius?

Are normies incapable of critical thinking? Where did they fucking think that the high APY was coming from?

Attached: 1558846607321.png (308x308, 128.25K)

>Where did they fucking think that the high APY was coming from?

Shorting LINK, which is highly sustainable because LINK only goes down.

I nearly brought link at $18, thank fuck I didn't

this water. is it ok?

all promoted cryptos are commie scams, another russian kike scammer openly robs people and its "legal"

What high APY? AVAX pays like 10%+ APY currently for staking, meanwhile Celsius was giving like 3.82% APY on AVAX in Earn up until SHTF and they stopped withdrawals. It's not uncommon at all for crypto projects to pay relatively high APY early on especially for staking using premined coins.

>Let's put our money into this uninsured bank. Nothing could go wrong

You could say the same thing about the entirety of crypto just to a lesser extent.

What about the NFT guys? I swear I have never seen any group of people in my entire life more retarded than people who think NFTs make sense. Even people who buy the lotto every week are smarter, at least they have some grasp on the reality.

crypto is decentralized
a bank(celsius) is not

celsius is legally not a bank

inb4 shill

you're right. read my first post in this thread you fucking moron

yep, i've staked 7 figures to become a yield chad.
normies gonna seethe

yeah you're being paid to sell your friends up the river, and to advertise for their ponzi scheme for free on the internet.

My staked MATIC is also earning like 10% APY last I checked.

It's not so much that Celsius rewards were unsustainable, 5-10% or more APY in the crypto world is common because crypto projects can print and literally create the tokens at will to give away early on and encourage staking. The problem is that Celsius seems to have made some shitty bets and managed customer assets poorly.

like yielding too much?

one of the problems celsius had is the yield was tied to shitcoin (btc and eth) loans

>10% interest
>Principle down 90%
See the problem? You've actually earned -81% in the last year, thank you for not selling and holding my bags.

i made 6 figures from staking last year
will make another 6 figures this year
etc.

So then how could it have claimed user funds to be FDIC insured without it being a bold faced lie from the company. Everyone involved, customers included deserve the rope

>crypto projects can print and literally create the tokens at will to give away early on and encourage staking
Does anything seem concerning to you?

it never claimed that
but i did my dd on celsius, saw (((who))) it was run by and passed