Thread by @intel_jakal

So the second you transfer any digital asset into a #celsius account beneficial ownership changes. Its no longer your asset.

This means your ability to manage risk becomes binary - either the assets are with Celsius or not with Celsius.

So what? As long as they pay out best in market returns why would you care? 1) Risk vs return. Bitcoin or bottletops, Buffett or Saylor- it doesn't matter who or what you can't disconnect risk from return.

So even if you made the perfect portfolio allocation when you first opened your account by only transferring a portion of your assets you were willing and able to lose and your risk appetite was in perfect alignment with Celsius and the returns they were able to generate.

What is perfectly aligned at the start can and will diverge. I can tell you from personal experience anyone thinks that they know what level of risk appetite they are willing to bear has no idea until it hits you like a fucking freight train.

If you own a business and you borrow against that business and you fail they take the asset off you.

Securities lending is the opposite. The lender runs their business on the back of your asset. He fails you lose your asset.

unfortunately 10s of thousands of #celsians didn't read the small print #celsius