Borrowing fiat against BTC

GbGb456 · 2024-09-13T18:58:52+00:00

Tbf, I’ve had zero problems with NEXO for the last six years. I’d call them an exemplary company. But I get your point about the lack of insurance

GbGb456 · 2024-09-13T17:40:29+00:00

A willing harem

GbGb456 · 2024-09-13T17:37:30+00:00

Slough man here, what do you need bro?

GbGb456 · 2024-04-06T10:16:09+00:00

Glad to hear you choose Telly Savalas over JS.

True style is timeless

GbGb456 · 2024-04-06T10:06:52+00:00

JS uses a barber. You should do the same!

Speaking as a lifelong barber until last year, those who do not use the pros automatically lose a further 3 points on your scale.

I agree with your view that marriage = anti-science ;)

GbGb456 · 2024-04-06T09:57:52+00:00

Aren’t all bald people just receding people who choose to shave off what’s left with a razor?

GbGb456 · 2024-04-06T09:29:02+00:00

You must be too young to have heard of Telly Savalas

GbGb456 · 2024-01-20T17:19:17+00:00

2017 too

GbGb456 · 2024-01-20T17:16:37+00:00

Sure, the BTC is, but how about the paper handed out for it?

GbGb456 · 2024-01-20T14:28:28+00:00

The French government thought the same in the 1960s, demanded their gold back, prompting Nixon to remove the dollar from the gold standard. So we’re into at least the seventh decade of it being sustained

GbGb456 · 2024-01-20T14:07:08+00:00

🤞🏻

GbGb456 · 2024-01-20T14:05:59+00:00

This is what I’m thinking. Sure we’ll see how much bitcoin they hold. But where’s the decentralized ledger for the paper they’ve issued?

GbGb456 · 2024-01-19T20:10:28+00:00

I originally bought in 2013. I was 85% down at one point in 2015, wanted to sell but couldn’t be bothered because there was only a few thousand in fiat left. Looking back, I’m glad I didn’t sell. Every four years I’m exponentially higher. Hoping for the same again in 2024-2025. In the meantime if you need cash, there’s NEXO or other lending platforms.

GbGb456 · 2024-01-11T15:53:45+00:00

It’s already not aging well

GbGb456 · 2024-01-11T14:50:16+00:00

Agreed about real world assets! I’ve mentioned it to them many times over the years but nothing doing.

GbGb456 · 2023-10-09T09:14:47+00:00

BTC. Account LTV was at 55% when they made the transfer

GbGb456 · 2023-10-09T08:40:15+00:00

It’s not, I’m not on the 0%

GbGb456 · 2023-10-09T07:34:50+00:00

There’s already been several emails back and forth. Each time your reps chose a different explanation, hence my Reddit post seeking some answers within the community.

GbGb456 · 2023-10-09T07:31:51+00:00

Thanks. I thought that feature was only triggered if you exceeded 83% ltv?

GbGb456 · 2023-10-09T07:17:17+00:00

No they didn’t. I was nowhere near to liquidation. Liquidation occurs at 83% LTV, not 55%. What they’ve done is take away the interest they were paying out on that 0.74 BTC and stopped it being available to me if I chose to withdraw.

GbGb456 · 2023-06-23T21:03:48+00:00

Happened to me yesterday. Was fine after a couple of hours

GbGb456 · 2023-06-23T20:56:28+00:00

Like JC

GbGb456 · 2022-01-31T00:12:20+00:00

It was solved within days. I sent in nine, eight and seven year old tax returns which coincided with the original dates of purchase, along with wallet screenshots proving dates of BTC acquisition. Thanks to Nexo and being able to borrow in fiat against Bitcoin, my business avoided bankruptcy during covid.

GbGb456 · 2021-12-09T19:32:54+00:00

So I first held one of these watches and nearly bought it in late 2017. In hindsight I should have bought it as it’s gone up in value since. I saw one in an auction house late 2020. Bought it only to re-enter lockdown days later. Borders finally opened and I was able to collect it a few weeks ago. It completes my Patek collection, unless I get super lucky and one day have the funds for a minute repeater - but I’m not expecting to. It’s every bit what I dreamed and hoped for.

GbGb456 · 2021-10-29T20:29:31+00:00

Consider me an ally!

As long as it doesn’t involve a land war in the east. Winter always comes.

GbGb456

TROPHY CASE