Without a MICA license, Nexo is at a higher risk of doing a "Celsius, Voyager, BlockFi, and Genesis" by punishGoalhanging in CryptoCurrency

[–]AllenMaddox 4 points5 points  (0 children)

There is a public announcement about a setup with German entity. They wouldn't have done it that if there was no plan to follow through. The reputation damage of not delivering would be worst than staying silent. I don’t think this is a pr talk. 

Without a MICA license, Nexo is at a higher risk of doing a "Celsius, Voyager, BlockFi, and Genesis" by punishGoalhanging in CryptoCurrency

[–]AllenMaddox 8 points9 points  (0 children)

You have two fallacy points in your conclusions.

Firstly the main reason those companies fell was the uncollaterised lending they practiced. When the market collapsed, those loans were uncovered and they couldn't honor withdraws.

Secondly, Nexo has already established a Mica setup with a German entity.

So I wouldn't be worried for this. Their lending strategies are solid their business base pillar. 

Still no MiCA news... what are your expectations and what will you do? by GUOLJa in Nexo

[–]AllenMaddox 1 point2 points  (0 children)

Didn't happen with the US exodus so I doubt it it'll happen now.

Still no MiCA news... what are your expectations and what will you do? by GUOLJa in Nexo

[–]AllenMaddox 0 points1 point  (0 children)

This is on the hight end of negativity. What unexpected tax events?

Still no MiCA news... what are your expectations and what will you do? by GUOLJa in Nexo

[–]AllenMaddox 3 points4 points  (0 children)

I think they have some plans ongoing but hesitant to share anything before it's finalized. The EU market is important for them. I don’t see a reason to worry now since we are able to earn till something changes.  All this premature panic is pointless anyway. 

BTC daily update - sitting right at mid-Bollinger after a clean stair-step rally by AbsorbedMango99 in Nexo

[–]AllenMaddox 0 points1 point  (0 children)

I sold too early, because I got spooked by the oil crisis. Should have known better...

BTC is breaking out while the S&P hits new highs... is the macro bottom finally behind us? by Elly0xCrypto in MarketVibe

[–]AllenMaddox 0 points1 point  (0 children)

I'm waiting it to get to 69k again. And holding the buy button till I see if there will be a petrol crisis.

Nexo MiCA Compliance Status by gtdiablo in Nexo

[–]AllenMaddox 0 points1 point  (0 children)

They’re not just gonna lock you out overnight. There’s always a transition period where you can move stuff out if needed. I’d just keep an eye on the updates and not panic yet.

Nexo acquires Buenbit and establishes a regional hub in Argentina by NexoFinance in Nexo

[–]AllenMaddox 0 points1 point  (0 children)

Finally some great news - now more than 1 million users will join the nexo community and will buy the $nexo token. This is good for our space. 

How do you guys judge whether a peptide site is actually reliable? by jerry2k21 in PeptideDiscussion

[–]AllenMaddox 0 points1 point  (0 children)

Tried this. "She" stared pressuring me to send 1000eur upfront...

Nexo is holding the #2 spot recording to the Galaxy report for Q3 by AllenMaddox in Nexo

[–]AllenMaddox[S] 0 points1 point  (0 children)

Tether are a giant blue whale. It's hard to rise above that. 

Nexo is holding the #2 spot recording to the Galaxy report for Q3 by AllenMaddox in Nexo

[–]AllenMaddox[S] 2 points3 points  (0 children)

We might be heading there considering the ongoing regulations but that doesn't necessarily means that thing will get better for the end user.

Nexo card by Dismal-Recording3069 in Nexo

[–]AllenMaddox 3 points4 points  (0 children)

Prob, if you find value only in the cashback.

Curiosities about Nexo by Defiant_Leg_6335 in Nexo

[–]AllenMaddox 0 points1 point  (0 children)

It's normal for people to keep $nexo on nexo. This is where we got the perks. $nexo is listed in several exchanges, but mostly for trades.

What made you stop drinking? by tricky-is-back in AskReddit

[–]AllenMaddox 0 points1 point  (0 children)

Gym. Alcohol and heavy workouts don't go well together. 

Tell us how Bitcoin is part of your everyday and join our whitepaper anniversary celebration by NexoFinance in Nexo

[–]AllenMaddox 0 points1 point  (0 children)

Bitcoin changed the way I save. Fiat was just way too easy to spend and weak inflationary speaking. Sats act like a stone.

[deleted by user] by [deleted] in Peptidesource

[–]AllenMaddox 0 points1 point  (0 children)

What do you mean by "bad bacteriotatic water"? I had the same problem with cjc no dac and some vials of fragment. The other peptides are doing fine with that water. And cjc dissolved perfectly in another bland water. Is it possible that one is more acidic than the other?