If they are not your keys they are not your cryptos.

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1 year ago
Topics: Life, Bitcoin, Trust, Mindset, Marketing, ...

It is clear that the exchange platforms and digital currency safeguards are entities that operate under guidelines established by the central powers, therefore in any unstable situation in the cryptocurrency market they will dance to the beat dictated by the political world.

Recently Celcius and Binance announced to their users or clients that they will prevent the
will prevent the withdrawal of bitcoin (BTC) that they have stored in their respective platforms, but the rest of the cryptocurrencies are available to their owners.

It seems obvious: these companies prevent you from disposing of your BTC because it is evident that in the face of the Fiat world crisis, the safe haven asset that will sustain the economic catastrophe that has already begun will be gold and BTC. On the other hand, it seems logical that if you gave them your valuable satoshis (believing they were yours) they will move them to other accounts or investments at their free will.

The case of Celcius is as pathetic as it is clear: they created decentralized finance instruments where they offer a 15% return on their token to the unwary customer in exchange for the latter's BTC, i.e., just as Christopher Columbus did with the Native Americans Celcius gave stones and broken glass and the customers gave their digital gold.

Evidently that flow of BTC received they moved them towards other portfolios and investment instruments where they earned significant amounts of money at the expense of their clients' funds. Now that BTC is in free fall and their clients want the return of their satoshis, they find themselves with the reality that these were taken out of their accounts, that is to say, they vanished, but they have at their disposal all the tokens and altcoins they want.

This is very similar to the situation experienced by Argentines more than 20 years ago, when the US dollar was a strong and stable currency the citizens of that South American country entrusted their savings in this currency to local banks, but as always the party ends with the first crisis the government needed to pay its debts and had no better idea than to confiscate the dollars saved in financial institutions and in exchange offer the ultra devalued Argentinean pesos.

Beyond the tremendous fall of the price, I have no doubt that the BTC is the strongest asset of the moment, governments and centralized powers know this, that is why they will do everything possible to seize your BTC, in exchange they will tempt you with useless dollars, euros, jen, yuan or how much broken glass of the dying Fiat world they offer you, that is why this reality opens the important thing is to stay calm and try to be master and lord of your own cryptocurrencies in your private bills, only then you will be really protected.

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1 year ago
Topics: Life, Bitcoin, Trust, Mindset, Marketing, ...

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