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Serious question. Who would still leave money in one of these platforms after seeing so many competing platforms restrict withdrawals? Are these just the true b

• jeromegv 4y ago
  Been spending lots of time on the subreddit related to the platforms. Lots of people wait to hear any bad news before doing any move. Celcius is down? Good thing I'm just on Voyager, it's all good! Lots of people see those events as isolated even if there is clearly contagion since Luna went down. Lots of the people that had money on Voyager thought it was legit because it's listed on the Canadian stock market, thought there was some kind of FIDC insurance, etc. So because they didn't see much warning sign that specifically Voyager was in danger (even if there was!), they don't think anything applies to them. They might not read crypto news every single day or every week. There's also inertia when it comes to finance. People might have stopped buying/selling coins through this crazy market, but they decided to park their money somewhere (on an exchange) without thinking that those go down too. They have been used for many years of coins going up and down, but not the actual exchanges going down. Most of those people were not in crypto when Mt Gox went down. Of course you can see tons of people as well that have been trying to get their money out of Voyager/Celcius for a few weeks before the crash, but there was restrictions on how much you could remove every day, so they got caught while there was still money left.