終於拿到賠償，但是虧損繼續

Hello everyone, I'm Terry. About half a year ago, I posted a video to share with you how much I have lost on the Celsius platform. If you haven't seen that video, it's basically that I put some Bitcoin and Ethereum on a platform called Celsius to earn some interest. Celsius is actually like a bank. You can store the encrypted currency to collect interest, and they will lend the coins to other users to earn interest in the middle.

But because the entire cryptocurrency market collapsed in 2022, and the confidence disappeared, money began to be withdrawn. Celsius finally closed its collection. So the Bitcoin and Ethereum that I have been in can't be taken out. Until the last few weeks, Celsius finally ended the bankruptcy of Chapter 11. Most users have received the compensation they should have received, including myself. So I want to share with you here how much I have lost in total.

And this question is not a fixed amount, this amount is increasing. I hope you don't make the same mistake as me after watching this video. I also hope you can help me like this video and let more people see this content. First, let's take a look at how many things I put in Celsius at that time. I put 0.3 Bitcoin in it.

3 Ethereum coins and 2,000 Matic coins So, when I was recording this video, the total value of these assets is about $37,000. After Chapter 11 ended, they returned the remaining assets to the debtors.

I received 0.08 more BTC and 1.25 more ETH. That's it. Now, if we calculate the market value of BTC and ETH, I have received 10600 US dollars. So, at this moment, I have lost 26400 US dollars.

Why do I say that the loss will be bigger and bigger? Because the value of Bitcoin and Ethereum has been changing At least in the past few months, it has been rising Although the unit of the currency I lost has not changed But its corresponding US dollar value has been increasing And I think this year's Bitcoin is very likely to rise to more than 100,000 Of course, this is purely my own guess Don't buy Bitcoin because I said so

也沒辦法,這就是我自己活該。 明明知道有這個風險,還要把錢放在裡面。 所以我當時有想過要拿出來, 那個念頭從我腦袋裡面就散過一次。 但是因為那個時候呢, 這些比特幣跟以太幣在Celsius裡面, 並沒有真的很多錢。 倒閉的時候,我記得一共賬號價值大概就是一萬出頭。

So before I closed down, I was actually a little lazy and had a bad mood. I thought it should be fine. Celsys is such a big platform, it should be fine. They are a legal American company. In the end, it caused such a tragedy. From my own tragedy, we can learn that no matter how big it looks, no matter how stable the company is, it is possible to be closed down overnight.

Especially when the market is unstable, you need to be very careful. And usually the most unlucky will be our middle-end users. Just like FTX at that time, basically to become the world's largest cryptocurrency trading platform, it can also be closed. So if you want to use these platforms,

Not that it's not possible, but you have to be extra careful. If it's a trading platform, you have to choose to have POR. POR is the most basic bottom line. And if you just want to invest like me, long-term hold, you have to transfer your assets to your cold wallet. After the last bear market, I think this 4%, 10% APY is not worth it to risk. Unless in the future, a platform like Celsius can get the same FDIC insurance as the US bank, then there is no problem. Whatever you use.

Because if the platform is closed, the US government will come out to buy But I think we still have some time before that day What is the main reason behind the rise of Bitcoin this year? I talked about it in the video last year Mainly because of the SPOT ETF pass Plus the reduction of Bitcoin's output Plus if the interest rates start to drop after the end of the year According to theory, Bitcoin is likely to continue to surge

Shit happens

So I reminded you guys on my IG not to go for FOMO because there will be a lot of opportunities to buy in because it can't keep rising up. Every time it rises to a price range, there will be a lot of institutions that will start to profit. At that time, the price will fall. If you are still optimistic at that time, you can consider starting to slowly start to buy in dollar cost averaging.

而且如果你真的想要投資的話,你要住好可能一年內就會跌回4萬的心理準備。 假如你是在2021年那個時候,最瘋狂的時候買入,你的均價應該會在4、5萬、5、6萬之間。 那短短一年的時間就跌到了1萬6。 我自己就認識不少的人跟我說,他們在今年這一波漲幅開始之前就已經賠錢賣掉了,非常的可惜。 我覺得投資加密貨幣這種資產,如果你沒有預期要持有5年以上的這個conviction的話,

I think it's better to put the money in the bank or you can buy some low-flying investments because you are more at ease when you sleep you won't want to sell it overnight we just mentioned the spot ETF of Bitcoin it was approved at the beginning of this year the benefits of spot ETF are not only a bunch of funds and passive investment money will come in

這些當然都是一個很重要的價格推手 但是我覺得更重要的是 Spot ETF 可以讓任何人都可以開始簡單的投資比特幣 對於一般的民眾來說 想要增加一個新的投資資產類別的話 會變得簡單很多 它門檻就低了很多

Why is the investment in cryptocurrency so small? Currently, less than 3% of the world has Bitcoin. I think it's probably less than 2% One of the main reasons is that it is not easy for ordinary people to hold cryptocurrency. It is also difficult to operate. You need to register an account in the exchange first. Then find a way to transfer money from local currency to the exchange or convert it to USDT.

如果你在的國家沒有任何合法的方式讓你從法幣轉成加密貨幣的話,那就更難了。 那經過這些重重的難關,當你最後買到加密貨幣之後呢, 大多數的人也不知道要把它們轉到冷錢包裡面, 過去幾年也不知道多少交易所倒閉。 這些所有的操作對一般人來說太複雜了, 更何況你要去解釋什麼是公藥、私藥、備注池、冷錢包這些概念給美國人。

你在路上隨便抓幾個美國人 你在路上隨便抓幾個美國人 我覺得他們可能連自己的社保號碼都記不住 你要怎麼期待他們可以成功的把加密貨幣資產給安全保管好 你要怎麼期待他們可以成功的把加密貨幣資產給安全保管好 但是呢 Bitcoin 的 Spot ETF 成功發行之後呢 我隔壁鄰居七八十歲的美國老白人都可以簡單輕鬆的開始投資比特幣

And why is it called Spot ETF? Because Spot ETFs really hold Bitcoin, unlike non-Spot ETFs that hold extension-based financial products such as bonds or contracts. So if you don't want to buy a cold wallet, don't want to manage any virtual assets, but you want to invest, I think Spot ETFs may be very suitable for you. But you may have a question, how can the Bitcoin of Spot ETF issuers be stolen?

What to do? It is possible that all things may happen Just like the gold spot ETF The gold that exists in the gold mine may also be taken away But the probability of this happening is very low First of all, SEC is the US Stock Exchange Commission Will ensure that all the assets held by the spot ETF are in the cold wallet And these cold wallets are usually kept by third-party asset management companies

Those companies have very strict information security certifications and may also buy insurance. So it's relatively safe to store it with a cold wallet. Because SEC's job is to help people ensure the security of these investments. They can't make sure that these assets will not be sold out or depreciated. But at least they can do the best in terms of security. So I think we don't have to worry about the security of SPOT ETF assets. But SPOT ETF also has its shortcomings. The biggest disadvantage is the management fee. But I think this is reasonable.

If you don't want to manage assets by yourself, then you can let other companies manage them. I think it's very reasonable to give some management fees. In fact, it's like any ETF. Bitcoin's spot ETF also has management fees. So before buying, I would recommend you to do some basic research first. See how much management fee is. If you really want to buy these spot ETFs, how do you buy them? Just like the way you usually buy ETFs. Because these ETFs are all listed in the United States. So you need to use a trading platform that can trade each ETF.

I usually use my favorite trading platform, you should know that. Just search for the code after opening the mobile app. I think this is the easiest and most direct way for ordinary people to invest in Bitcoin. Of course, if you don't mind making a cold wallet yourself, I will teach you how to use a cold wallet. And I will put the link of the cold wallet I am using to buy it in the information column below the video.

Alright, I hope you enjoyed this video of me sharing my loss. I hope you learned something and can use it as a guide to avoid making the same mistake as me. Although I feel like I'm doing a lot of work, I think if cryptocurrency becomes mainstream, it's because of some of the problems we've been through. Only through these failures can we develop a more stable policy and a platform to trust. See you next time!