Do Kwon in general was a red flag. There are a lot of strong opinioned and self confident people in crypto. But when the representative of the crypto project is a toxic participant of the space, you should think really hard about putting your money into such a project.
If you decide to put money into crypto you need to do your own risk management. I especially look how dissenting voices are treated.
A good starting point is Eric Wall https://twitter.com/ercwl. He's not a maximalist of any coins and as such is often very critical of projects and gets a lot of flak for this even though he usually has a thorough explanation how he gets to his conclusions.
If you're looking for a place with a community you can ask about those things I recommend, /r/ethfinance. I decided against using Celsius after asking around about it there. There's also been good discussion about what makes a good stablecoin over the years. Hint: Stables like DAI are a completely different thing from what Terra was.
Thanks. I also evaluated Celsius (and others) but decided that I couldn't determine counterparty risk after reading their terms and conditions. In the end I stayed away because of that.
So vocal in fact that the man himself was quite annoyed to constantly being told that UST can't be stable: https://twitter.com/stablekwon/status/1462063962506338318
Do Kwon in general was a red flag. There are a lot of strong opinioned and self confident people in crypto. But when the representative of the crypto project is a toxic participant of the space, you should think really hard about putting your money into such a project.
For example: https://twitter.com/stablekwon/status/1396735774737928192 (note, this tweet was after the whole disaster, losing billions weren't a humbling experience for him).
If you decide to put money into crypto you need to do your own risk management. I especially look how dissenting voices are treated.
A good starting point is Eric Wall https://twitter.com/ercwl. He's not a maximalist of any coins and as such is often very critical of projects and gets a lot of flak for this even though he usually has a thorough explanation how he gets to his conclusions.