Comments by "toomanyaccounts" (@toomanyaccounts) on "Celsius is Collapsing... Here's Why" video.

  1. LOL!!!
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  2. yeah people somehow don't realize that banks not only have to cover their own expenses, but cover loans that defaulted as well as having money to loan. hence why a lot of the percentage of investment returns is taken by the bank and just a few percent given to the person with a deposit. Islamic banking doesn't charge interest instead they charge massive fees to cover expenses, loans that default and need money to make more loans.
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  3. banks don't give out high returns because banks have expenses, they have to cover defaulted loans, they have to make money to do loans. so they could give you more but the bank would run out money to run.
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  4. banks runs are stopped by the gov't by regulations such as FDIC. bank runs pretty much are mitigated by regulations, laws such as fractional reserve banking must keep a percentage of money on hand to cover withdrawls.
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  5. its run by the chinese communist party so likely even worse
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  6. seems the founder of Luna may have siphoned 80 mill into his own pockets before the crash
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  7. they cannot do so a thing. stop lying. banks have to keep a fraction of deposits to cover withdrawls. this is the law.
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  8. you got what you deserve
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  9. binance is run by the CCP who are rugpulling the world
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  10. an illusion
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  11. no you are the one who doesn't make any sense
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  12.  @progressor4ward85  no one was taking out loans due to the extreme interest that deposits were getting. hence no money was being made by Celsuis. no loaning money, no interest being collected.
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  13.  @tomfrank2115  no it is logic
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  14.  @tomfrank2115  crypto has always been a ponzi scheme
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  15. no you are the idiot. banks by law have to keep a certain percent on hand to cover withdrawls. they cannot lend out more then they have in reserve.
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  16. stop with the lying. banks cannot lend more then they have in savings because they wouldn't have anything to lend. learn what the word fraction means. it means they have to keep a percent in reserve ie a fraction to cover withdrawls. this is by law. giving out more then they have in savings means the banks are breaking the law
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  17.  @kainep  no you are the one who is spreading lies. banks cannot lend out more then they have because it is not possible. by law a fraction of deposited money must be kept on hand to cover withdrawls and either stop a run on the bank or slow it down to where other measures can be implemented including taking loans from the central ie gov't banks. if a bank were to loan out what they were by law to keep in reserve the bank would not only be shut down but the execs would be sued and go to prison.
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  18.  @kainep  anyone looking fractional reserve banking sees they have to keep a fraction of the deposits in reserve by law. its in the freaking name
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  19. crypto is not innovation to begin with. it isn't capitalism at all. its communism
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  20. crypto bros know nothing of dutch tulips as a very famous tweeter exposing crypto bros showed
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  21.  @adambreezy251  LOL. banks like we have today have their roots from 14th century Europe. one of the oldest banks still standing is the bank of england which dates from 1695
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  22.  @adambreezy251  you are the one who needs an education. banks are old. they were before crypto they will be here when everyone ditches crypto
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  23. crypto isn't fighting inflation. crypto has lost more in a day then fiat currency would in a hundred years under double digit inflation
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  24. LOL! stop spreading nonsense. loans back then had much higher interest rates so to compete the interest rate on deposits was higher. since loans now have super low rates on a 30 year mortage savings account interest dropped
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  25. looking it up Tron ponzi scams date back to 2019
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  26. learn what a credit union is
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  27. lazyness plus stupid
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  28. damn you dumb. banks have to keep a fraction deposits in reserve. banks have protective measures
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  29. Japan was the headquarters of Mt. Gox remember? lots of crypto is backed asian gov'ts hence when the crypto goes into the death spiral the govs backing it also suffer
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  30.  @dadybad08  Binance looks to be backed by the CCP who has taken efforts to hide that. Binance btw had to change their logo since a popular symbol to show a meal is vegetarian in asia this symbol is considered an exil one due to a mustache man
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  31. he has done vids on tether
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  32. will you people stop lying about what fractional reserve banking is. by law a fraction of deposits is to not be loaned since it has to cover withdrawls.
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