NEXO.IO: Great service, but not in crypto and social crysis

in #cryptocurrency4 years ago

Most of us know virtually the only extra reliable and functional crypto lending system in the crypto world. NEXO.IO

This tool will help you not only withdraw part of your funds from the crypt to money (FIAT) without having to tax your profits but can help you endure the crisis when you have to pay something and you do not want to get rid of all the funds stored in cryptocurrencies.

With NEXO, I have survived all the crises that have met me until today, except for the last one ...

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How to lose nearly 2 million in two evenings

I have been using the NEX0 for a long time and I am in the crypt before the biggest boom in 2017, I have always survived the crisis nicely and had a good stock on NEXO to handle any normal crypto fall. Personally, I expected the ETH to fall to a maximum of 120-130 USD, unfortunately, the decline from 200 USD to just over 103 USD in a few hours was too much for me and unfortunately I lost unnecessarily large funds, fortunately, the debt too.

The problem with collateral, whether borrowing or leverage, is that you can lose your coins. I would prefer it if there was a chance to pay for it in cash and by then it would have been kept as a loan, but of course, I know it would be too dangerous for the company without real estate as collateral.

I will continue to use NEXO, but I will figure a new strategy or be very strict and take loans only for 10-30 % of collateral.

Advice over Gold

Do not trade on the leverage. Why? Check out Bitmex. Volatility is so huge that you don't need leverage in the crypto. The huge advantage of trading and holding coins without the leverage is that you keep your coins and you just wait for the market cap to go up again and enjoy the ride.

For those who don't know NEXO

  • loans up to 60% of your cryptocurrencies
  • money on your own experience account within 24 hours of submitting your application
    . both crypto and funds are insured
  • an excellent NEXO token, where holders receive a share of the company's profits and that the company has a beautifully guarded profitability
  • excellent and well-arranged portal and support also in Czech language
  • withdrawals also in CZK/USD/EUR... without fees and with an amazing rate

Show me yours experience with crypto!

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