I understand , beginners in the cryptocurrency market would not have proper idea about how to take profit from down market or bullish market. Even me when i joined with cryptocurrency in the year of 2016 then i was having zero knowledge about how does cryptocurrency works in the sense of profitability . The first coin which i bought from coinbase.com and it was bitcoin .
It was my hard earn money which i used to buy approx 4.6 bitcoin in 2016 and that time bitcoin was around SGD 1,200 if we convert in US dollar then it should be around $900/ bitcoin .
This story was heart wrenching later because i was totally unaware and not enough source of knowledge ,i sold it in next few weeks .
Today i realised ,that was biggest mistake in my investment in cryptocurrency but As somebody has said , if you don't go into the water then you could not get the real depth.
As of today i am writing this article after my ups and down experience in cryptocurrency and i would be saying now that you don't need to sell your coin but you can lend someone or stake it and utilise the real power of cryptocurrency.
Nexo.io : Nexo is the crypto finance company from Switzerland entered in the market in the year of 2017 who serve basically as lending and staking platform for your cryptocurrency holdings . it provides other facility like you can use Nexo powered by Mastercard credit card and withdraw the crypto backed loan in the form of government monetary bills directly to your bank account or stable coin directly to your wallet . it release 50% of the loan money of your actual cryptocurrency staking without any deadline of setting your loan charges . it has 30% APR for holding Nexo tokens with other benefits like zero loan fees for unlimited time periods.
Nexo is the oldest and trusted companies where your investment is fully secured and insured with worth $100 million custodial protection and regulated by holding government licensing .
As per today , its being traded at $0.13 and it had all time high price in 2018 in may . This is a great platform where you can buy your Ethereum and stake it there with cheapest monthly interest while you withdraw loan collaterally. This is right time to do it because Ethereum might go high in the price at any time because of many good news relating Ethereum 2.0 .
So why not we take advantage and use this platform and withdraw collateral fund and invest somewhere else like ethereum decentralise finance (DeFi) where simply buy Dai token and lend someone through Maker Dao, dYdX , Compound , AAVE, Nuo etc and earn interest upto 6.00 % APR .
If we think in this way and invest then we are completely safe for earning good profit without selling your Ethereum tokens and still earning Dai stablecoin by just utilising your fund on DeFi Lending platform .
There are some other good project like Crypto.com which is quite similar to Nexo finance but it has different token mechanism but ultimate goal is same which is staking ,lending and spending .
Currently all the project which is existing in the market from 2017 , are getting good attention and going to hike by prices as currently we notices Nexo , Loopering etc already in momentum.