Crypto Platform Celsius Pauses Withdrawals
Seems like a ponzi scheme in crypto collapses almost every other week these days.<p>It was LUNA in May<p>Celsius now<p>Probably USDD soon<p>A lot of these "fake internet money" coins have no use cases other than trading with the next sucker willing to buy on crypto platforms<p>And then you have platforms like Coinbase facilitating trading of such "assets" or tokens with little to no due diligence<p>A lot of these:
Failed as a currency  
Failed as an inflation hedge  
Failed as a store of value<p>Crypto bros will try to do whatever mental gymnastics they can to justify their investment, probably because they are all in. But I can't wait for most of these coins to implode for good as they serve no use to society. Comparable to cigarettes (zero health benefits) than wine (harmful in large amounts, has health benefits in moderation).<p>If someone is offering you a yield of more than 18% APY, then you are the yield to the next guy!