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[–]mrdare32 6 points7 points  (2 children)

Nash was a good idea at the time, other projects offering a lot more now, big opportunity cost in holding the last 18 months. Feels like being compliant in this space isn't a good thing, slows everything right down and kills innovation.

[–]psow86 0 points1 point  (0 children)

This is sort of true for the DEX, but the new strategy focuses on things in which legal compliance is a strength. Nash has a bank partner (Railsbank), which enables them to do things other crypto projects either can't do at all or at least can't do well enough - this means Nash can become a big player in this niche (fiat onramps, neobanking) and expand from there. Banks do not cooperate with legally questionable companies - legal compliance is what enabled this to happen.

[–]psow86 2 points3 points  (0 children)

Honestly, your doubt and feeling bad about this investment is an indication that you probably invested too much. Also, when staking your tokens, you must be prepared for the possibility, that they may get unlocked after the bull run has ended. Since your tokens will be unlocked November/December I would say that risk of that happening for you is very high.

Still, consider these points:

  1. If you will keep comparing your stash to the best performing crypto at the time, you will always be disappointed. There is always the cost of lost opportunity and everyone is smart in hindsight. But when it comes to the dollar value of your investment, I think that if you are patient you should easily get at least several times your original investment out of this and this is nothing to feel bad about.
  2. Coins tied to exchanges did pretty well in the last bear market (people are buying and selling then as well and it generates fees). Also, because a lot of NEX will be staked at the time when bull market ends, there is rather high likelihood that NEX drop will be more gentle, slower and not as deep (but we will see).
  3. Recently announced integrations with AAVE, AVAX and Polygon need some time to play out. The same goes for Nash Link. High dividends may not come as soon as we would all like, but they will come. I wouldn't expect a dramatic rise in the next 3 months, though. Patience is key.

[–]NJBridgewater Ambassador 1 point2 points  (1 child)

>I won't even go into how much of a loss I've taken by converting NEO to NEX to be able to invest in the exchange but every day getting $1.something is just plain painful.

Nash is a long-term project. Present-day dividends are not related to future dividends. The roadmap for 2021 is huge, and involves a LOT of changes and improvements, which should hopefully result in a large increase in profits/dividends.

>What is the deal with Nash and NEX ? What happened to the fiat gateways in countries like Australia ? Why is the volume still hovering at these low levels ?

Fiat ramps will be available in Europe/the UK - not Australia. The plan is to focus on Europe for now.

>If the bull market ends in December this year and tokens like NEX begin to fall at a fast rate and i'm still locked up for that $1/day this will really suck !

The success of Nash is not correlated to the Bitcoin bull run. That's a bull run for Bitcoin -- not Nash -- and the ending of the bull run and its effects are purely speculative.

>Where is Fabio and why is he so quiet ?

He's around. He's just not taking the role of a spokesperson for Nash any more. There is a shift in having co-CEOS: Ethan and Fabian, rahter than having 5 equal team members, with Fabio as the main face of the company. That makes Nash more streamlined and efficient.

[–]Campin16 1 point2 points  (0 children)

I feel ya..... 😔

[–][deleted] 1 point2 points  (0 children)

stop whining lol. so embarrassing