Smash Inflation and Make a Profit in 2022

Use this easy, low-risk method to grow your savings against the backdrop of decades-high inflation using cryptocurrency

*WARNING as of 6/15/2022*:

In response to the recent and massive drops in crypto prices, Celsius has frozen ALL withdrawals and transfers.

This is very bad news because it creates fear that the company is at risk of going bankrupt. Celsius going bankrupt would be the worst-case scenario for their users, as the users may not be able to recover their funds, and these funds may be used to pay other creditors! This is perfectly legal for Celsius to do as per their terms of service!

Hopefully, these bankruptcy fears are overblown, but as of right now, I DO NOT use Celsius, and I DO NOT recommend Celsius until further notice.

I would prefer not to delete my stories, so I am posting this warning instead. As always, do your own research into the company and make informed decisions with your money!

I have been using a similar company called Hodlnaut since a few months into 2022. I originally switched over because Celsius lowered their yield rates, but nothing Celsius has done since then makes me want to come back!

If you are looking for yield on your crypto, Hodlnaut is the platform I currently use and recommend! Remember to do your research, don’t blindly put your money into anything, and every investment comes with risk!

Also note that I am NOT a financial advisor, and this is NOT financial advice; this is for informational, educational, and entertainment purposes ONLY!

Thank you.

You’ve probably seen the headlines and heard talk about the soaring inflation rate worldwide, especially in the United States, during 2021. The Federal Reserve (the central bank of the United States) tries to maintain a healthy 2% inflation rate. This past year has seen a real inflation rate of 6.8%, representing the highest rate since 1982.

This means that prices of goods and services are increasing rapidly, diminishing the value of your dollars. If you have $1,000 in your bank account at a 6.8% inflation rate, you will effectively have $932 worth of today’s dollars in a year. Though the actual number in your bank account won’t decrease, the $1,000 won’t go as far in terms of what you can buy down the road.

There is a lot of debate around the cause of this inflation, whether it be the covid stimulus, extensive money printing, or pandemic-related supply-chain issues driving prices up. The truth is probably a combination of these factors and more, but that doesn’t change the fact. You need a way to protect your cash and come out ahead, and the 0.01% interest rate big banks are offering just won’t cut it.

But you can have your cake and eat it too with cryptocurrency.

Before you write this off as just another crypto article, I will not tell you to dump your savings into Dogecoin and pray it goes to the moon. My tip is a far more conservative and reliable method.

Imagine making 8% on your savings. What about 10%? Even 12% yield on your money with no effort.

What if you can do this without the risk of a crash or the volatility that comes with many cryptocurrencies? Getting 0.01% from your traditional savings account doesn’t sound so attractive anymore.

No, this is not too good to be true.

You can begin accruing high amounts of weekly compounded interest right now with the Celsius Network.

Celsius is an online platform that is essentially a cryptocurrency bank. They offer collateral-backed loans to institutional borrowers and pay you generous yields for letting them lend out your coins, just like a traditional bank does with cash.

Celsius has built a reputation for its relative longevity in this emerging industry, its 24/7 customer service, and its impressive base of over 1.4 million loyal users. They recently opened a full-time call center in Las Vegas and even have regular AMA (ask me anything) streams for their users to get their questions answered.

You might ask how Celsius can give much higher yield rates than savings accounts at traditional banks. They can afford to be so generous with their yield because, unlike legacy banks who keep 80% of the profit from loans and pay out 20%, Celsius pays out 80% of the profit and takes 20%. Add in the cost of running brick and mortar operations, and it becomes obvious why traditional banks can’t match these rates.

While you can use Celsius to earn yield on several different coins such as Bitcoin, Ethereum, Cardano, and more, not everyone is ready to invest in these assets as they can experience volatility.

For those who don’t want to risk their investment going down, you can choose to earn yield on stablecoins, specifically USDC (US Dollar Coin).

A stablecoin is a cryptocurrency pegged to a fiat currency such as the US dollar. That means the price of 1 USDC will remain at $1, hence the “stable” part. You can think of this coin as a digitized version of a dollar.

Now that you know what stablecoins are, let me show you how to utilize them to outpace inflation and grow your savings.

1. Open a Celsius account using my referral link.

• Note: Using my referral link to sign up will automatically apply a promotion to your account, so when you first transfer $400 or more worth of assets and keep them in Celsius for a month, we will both get $50 in Bitcoin for free (who doesn’t love free money?). Using my referral comes at no additional cost to you.

2. Complete the Account Identity Verification.

• Identity verification is a regulatory requirement in some countries (specifically the United States). Celsius will not do anything sketchy with your information, and this process is standard across financial platforms.

3. Transfer Your Coins Into Celsius or Purchase Them Through the Platform.

• You can connect your bank account to Celsius through ACH or buy coins with a credit card.
• To avoid paying extra network costs, I prefer to purchase my coins through Binance or Coinbase (depending on who has the lower fees) and transfer them to my Celsius wallet from there. If you already have a preferred exchange, you can use that.
• If you need help transferring coins to your Celsius account, here is a tutorial with a video at the bottom.

4. Start Earning Yield Weekly!

• Your yield will appear in your Celsius account every Monday.
• You will see the current rates you are earning yield at and how much yield you have earned so far.

Thanks for making it this far. I hope by now you can see the advantage that Celsius provides versus keeping your money in a traditional savings account, especially with the record inflation we’re experiencing.

With all that said, if you are still skeptical, give it a try — you can withdraw your money at any time.

Just remember, when you use my referral link to sign up and buy/transfer at least $400 worth of assets and hold them there for a month, you will get $50 in Bitcoin for free.

That means if you try Celsius for a month and it isn’t for you, you can leave with your entire deposit plus $50 in additional Bitcoin and any yield you’ve earned for your troubles.

Note: If you remove your assets before the month is up, you will not receive the $50 Bitcoin bonus.

Note: While this method of generating income is low-risk, it isn’t entirely risk-free. Unlike traditional banks, these accounts are not protected by FDIC (or SIPC). That being said, Celsius is considered a leading platform in the industry and the chances of them going bankrupt or losing a major amount of funds to a security breach is very low.

To show you I have skin in the game and that this platform is legit, here is a snapshot of my account at the time of writing (I opened this a little over a month ago):

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