The Celsius Network Saga: When the Promise of High Yield clouded The Risk Aspect of Investment

The Celcius Network Saga

The age of new technology is always filled with companies or enterprises that pitch to you regarding the great big problems their products are currently solving but in the crypto space, it has taken it to a whole new level. Some of these marketing pitches continue to revolutionize the industry like Ethereum and Binance but some pitches fall flat off people’s expectations such as the recent case of Terra Luna. The worst part of all is that the crypto industry as a whole is not yet properly regulated, these cases when they fail usually result in huge losses for its investors.

Source: https://vulcanpost.com/791804/crypto-celcius-crashing-lessons-learnt/

High Yield might not be the best determining factor……

It seems like from the case of the Anchor Protocol and Celsius Network, it is clear that sometimes the promise of financial freedom clouds people’s rational mindset. The promise of having a passive income as soon as possible and achieving the extravagant life people desire clouds the idea of doing research and analyzing the risk involved. Of course, it is fair for everybody to have those desires but the question is what are we giving up to achieve them?

Source: https://www.cryptotimes.io/how-celsius-crashed-crypto-market/

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Nagaya Technologies

Nagaya Technologies

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NAGAYA (NGY) is a Gold-Backed Cryptocurrency with Subsidiary Projects. We aim to build Trust and Value through LEGALITY and TRANSPARENCY. https://nagaya.co/