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Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financial decisions. I recommend you seek professional advice from someone who is authorized to provide investment advice.
Hey everyone and welcome to the HODLer’s Den!
Here you will find information on my crypto investment portfolio straight from a HODLer’s perspective.  This section will focus on HODLing cryptos and interest-earning platforms.
Celsius Network
Updates
Celsius Network (CN) Web App
The long-awaited web app was released on May 24th, 2021. The release was almost flawless with some bugs which were immediately fixed by the Celsius Network team.
The web app looks gorgeous but is currently limited in features. The team hopes to add more settings such as dark mode, increase responsiveness on devices of various screen sizes, a way to track account activity, the addition of a rewards and portfolio appreciation screen to see your portfolio growth, and finally the ability to sign up for Celsius Network and complete KYC (Know Your Customer) right in your browser.
Liquid Exchange Partnership
Celsius Network has been working with Liquid Exchange since 2018 and the exchange where I got my original CEL bag.
A recent integration will now enable Liquid’s global customers to enjoy seamless access to Celsius’s compounding yield on crypto, as well as fee-free purchases and transactions on the Liquid platform for Celsius’s native CEL token.
In addition, CEL is paired with 4 other assets for trading which should help increase CEL’s liquidity without much slippage.
Celsius Network Road Map
There is plenty in the pipelines for Celsius Network. Here is a recent post of what we can expect:
As you can see, they will be adding LETH (Ethereum 2.0) on June 3rd, 2021 which will be earning a higher yield but the deposit will be locked up in your account for a year or more per Mashinsky.
The in-app swap is expected to be available near the end of June to early July 2021.
On a side note, hopefully in July 2021 you will be able to choose which coins/assets you can earn in interest—this is huge. For example, you can choose to earn Bitcoin from your Ethereum deposit or earn USDC from your Litecoin deposit and so on.
You can do this for every single coin you have that is earning interest which should help you diversify your portfolio even more.
The team is still working on the insurance fund but it is delayed because there are many aspects from a legal standpoint and a tax standpoint, etc.
Miscellaneous
Mashinsky predicts that Bitcoin (BTC) will hit 160k USD by the end of 2021.
CN currently pays over 10 million USD to the community each week.
Per Mashinsky, the recent market pull back had more to do with the stock market and not because of the Binance investigation or Elon Musk’s stance on Bitcoin’s energy consumption.
In addition, the Chinese miner FUD (fear, doubt, uncertainty) caused many to short the market resulting in mass liquidations. However, the liquidation was not as massive as March 2020 which demonstrates the robustness of crypto and DeFi.
The idea that crypto is bad for the environment has been debunked many times. Although Elon is a good ambassador for crypto, Bitcoin will be fine without him.
Mashinsky reminded us that CPI (Consumer Price Index), a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, does not include the amount of money being printed.
CPI is a good way to gauge inflation, and with Biden’s proposed 6 trillion USD budget, buying crypto is a good way to hedge against inflation.
The B21 app is widely used in Asia. Its partnership with Celsius Network will allow B21 users to stake deposited crypto and earn a yield which they can then use to spend via the app. This should help increase crypto adoption.
Current Promo Codes:
Interest Earned
It has been 4 weeks since my last report on Celsius Network earnings and during that time my account has earned an additional 3300 USD. You can monitor this Google Sheet where I track all my earnings from a variety of platforms and it gives percent changes.  According to the spreadsheet, my total earnings grew 5% in 4 weeks.
With CEL price hovering around 7 USD, it makes it extremely easy to be a Platinum Tier even with large amounts of other assets. Instead of timing the market and making swing trades, which puts my funds at risk, I am rewarded by HODLing.Â
BTC is currently at 36.2k USD and ETH is at 2449 USD as of writing this report.
Conclusion & Prospect
My Celsius Network portfolio is unique from my other portfolios because it has the least amount of Bitcoin (BTC) and Ethereum (ETH)—this is because the earning rates are not as appealing when compared to the other platforms. However, during this market correction/crash, it was the only portfolio that still managed to earn me 4 digits of interest because CEL price remained relatively stable and I am extremely happy.
The Celsius Network web app was released on May 24th, 2021 and it still needs more features. At its bare bones, it still looks gorgeous and is easy to navigate without feeling sluggish. I am glad the team was able to deliver this product in a timely manner after the announcement earlier in the year, but I am eagerly waiting for dark mode and the ability to track my earnings in detail.
With Biden’s proposed 6 trillion USD budget plan, more money will be printed which will not be reflected in the CPI. Remember to hedge against inflation by investing in non-correlated assets such as crypto or gold.
According to Mashinsky, the recent market crash was one of the largest correction since 2013. Despite the FUD and the mass liquidations, the crypto market remains robust due to strong HODLers and DeFi. This pull back did put a dent in my financial freedom goals but I still believe I can achieve my goal by the end of 2021 given Mashinsky’s price prediction for Bitcoin of 160k USD.
What I Am Doing
This section is dedicated to paid subscribers as I will go into details of what moves I am making with my interest-earning portfolios.
You are currently reading the Free Version. If you would like more information, please consider switching to a paid subscription.
Each week I will report on a different interest-earning platform that I use—mainly, Celsius Network, Bitrue, Crypto.com, and BlockFi.
If you are new to crypto or have considered joining new platforms, check out the Starter Pack created by CryptoOneStop by clicking here or if you want to earn over 250 USD in referral bonuses then click here.