Lol isn't it already? It's already cleared off over a billion of its market cap, they cannot honour redemptions and they're getting rekt in trying to provide a price floor for their CEL token, looks like they trying to raise funds to cover in the meantime, after rejecting nexos offer to buy their books
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Nexo next do you think?
Doubt it, Nexo didn't ape their funds into stETH and Luna, they banked big on the ETH merge and now that the stETH peg is breaking they cannot recoup their funds to remain liquid,
NEXO shares their attestations with you and have tried to limit exposure to US customers, unlike Celsius, not that I am a supporter of NEXO i've never used them, I do think they all living on borrowed time
But If NEXO can salvage celsius and assist some normies to get their capital out, cool, if not they learn a valuable lesson
Yeah, there are still many red flags about Nexo though. Enough to lap Brands Hatch.
Oh totally agree, Nexo, BlockFi, Coinbase, Binance, Bitfinex, the entire lot is dodgy
What strategy do you follow now with the drop in BTC? What does a Maxi do?
So all my limit orders got cleared out, so I set aside capital at different ranges a lot lower to try and catch any deeper discounts, and have my daily autobuy going
And then remove those coins and move them to self-custody, nothing glamorous, just about taking risk off the table and increasing the amount of sats I have, which is so much easier during times like this
I can see this going way way lower
Thanks, that seems a smart strategy.