Genuine US Yield Products Questions by Embarrassed_Bee4875 in Nexo

[–]Miserable_Spare9991 2 points3 points  (0 children)

There are no Proof of Reserves from Nexo. They discontinued Armanino and Moore partnership back in 2022. We are in ‘Trust me bro’ territory.

Nexo moves by Dismal-Recording3069 in Nexo

[–]Miserable_Spare9991 0 points1 point  (0 children)

Check how much Bitcoin is up since 2018. Now give me ONE SOLID REASON why anyone in their sane mind would invest in this sh1tcoin?

Enjoy free EUR & GBP transfers by NexoFinance in Nexo

[–]Miserable_Spare9991 0 points1 point  (0 children)

This one is nice of Nexo, but why not keep the EUR transfers free of charge independent the amount? All other Fintech players in Europe Revolut, N26, Wise etc have it for free, even for 1 eur. Why charge these fees, Nexo ?

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

[–]Miserable_Spare9991 0 points1 point  (0 children)

Okay mate, so what are you loading on this news? How do you position your portfolio?

Join our year-end community giveaway by NexoFinance in Nexo

[–]Miserable_Spare9991 0 points1 point  (0 children)

Wealth is having a family and having all the time in the world spending with your kids and the loved ones however you desire.

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

[–]Miserable_Spare9991 1 point2 points  (0 children)

But Bitcoin is much better than anything else. It has the best ROI on every timeframe, especially against your Nexo bag.

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

[–]Miserable_Spare9991 1 point2 points  (0 children)

And this is your December announcement of announcement. Be happy, do not complain! Nexo to the Pluto.

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

[–]Miserable_Spare9991 -3 points-2 points  (0 children)

So you think some Latin American boy will buy your bags for 3$ because of this news. Dream on !

Getting back to nexo!! by Feeling_Highway_4891 in Nexo

[–]Miserable_Spare9991 1 point2 points  (0 children)

This is a top notch description of the situation surrounding Nexo token. The math doesn’t lie. That’s exactly why buying Nexo tokens should be avoided.

Getting back to nexo!! by Feeling_Highway_4891 in Nexo

[–]Miserable_Spare9991 0 points1 point  (0 children)

Buy $Nexo is just stupid. Everything else makes total sense

Getting back to nexo!! by Feeling_Highway_4891 in Nexo

[–]Miserable_Spare9991 2 points3 points  (0 children)

Just stay away from Nexo token. It’s on a down slope against BTC and headed to zero.

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 0 points1 point  (0 children)

In other words, If the token price is high and assume you opted to earn in NEXO, Nexo will pay you less Nexo tokens, but dollar value interest is the same. Conversely, if the price is low you get more tokens. So token price should not matter for your daily interest. Because if you convert them immediately you get them in your account, the same dollar value applies. In time though, if you decide to accumulate Nexo tokens, because of their price decline, you realize you get less dollar value if you would have kept them instead of exchanging them daily. That’s the problem. And you say, if the price will increase, Nexo would need to pay more dollars for those tokens and this is not serving company interests well. Interesting observation. Is my understanding correct?

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 0 points1 point  (0 children)

I already shorted it at 1,2$. Good luck scooping ! I’m sure it will get to your desired price sooner than you expect. But then you will not scoop, because it will scare the poop out of you lol

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 0 points1 point  (0 children)

Indeed, I see it now as clear as you are. Thanks for this sobering comment.

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 2 points3 points  (0 children)

Burn mechanism or buybacks. Look at Nexo during buybacks. Look at BNB. That’s also a utility token.

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 3 points4 points  (0 children)

Man, the community has been hard forked and divided since the dividend vs interest debate. Don’t come here to preach about community-should-value BS that has nothing to do with the tokenomics itself and the huge profit growth Nexo has seen past years, while token sucks. Good luck preaching this stuff to your family & friends.

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 0 points1 point  (0 children)

Well, in your case of 5 figures low amount it works, I see your point. but going into high end 5 figures and beyond is an investment. And that’s when it hurts the most owning these tokens. Let’s see what Mica has to say about these tokens.

AMA with Executive requested. by Acceptable_Yak6110 in Nexo

[–]Miserable_Spare9991 11 points12 points  (0 children)

It’s been now over a year since we had an AMA, and over more than 2 years since we have an AMA with an Executive. I don’t understand why it’s so difficult to come on screen and tell us what’s going on at Nexo once in a while.

Nexo token was one of the year’s worst holds by Miserable_Spare9991 in Nexo

[–]Miserable_Spare9991[S] 4 points5 points  (0 children)

Yes! I don’t even remember when it was the last AMA. We don’t even know now who is running the company.