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/biz/ - Business & Finance

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49996604 No.49996604 [Reply] [Original]

https://www.youtube.com/watch?v=n1UtDqp0YyY

Not even close to being insolvent. Risk management like no other cefi platform in the industry!

>> No.49996607

Look at that egg

>> No.49996635

>>49996604
What’s it like working at NEXO?

>> No.49996636

>>49996604
>https://www.youtube.com/watch?v=JW8DNStF3TE
Nobody should be chasing yield in these market conditions. It's borderline negligent to suggest that people try and chase 1 or 2% yield when there is so much market contagion and we haven't seen the dominoes fall.
Nobody except for a paid shill would suggest people take on that risk.

>> No.49996644

>>49996604
nexo sisters, why do they come across as bulgarian scammers? I don't feel so good

>> No.49996662

>>49996636
I'm not suggesting anything, but the yield is there for anyone who deems the risk to be worth it, and nexo's risk management is as solid as it can be.

>https://real-time-attest.trustexplorer.io/nexo

>> No.49996679

why this blind angry at nexo?

>> No.49996685

>>49996679
>why this blind angry
Kek

>> No.49996691

>>49996662
The risk isn't worth it. How can you watch half a dozen lenders go under, know how interconnected and liable they are to each other, and decide any differently.
Now more than ever, people need to be securing their funds in cold storage and simply weathering the storm. Now is not the time to gamble.

>> No.49996705
File: 2.96 MB, 7623x5211, Nexo Shutdown.jpg [View same] [iqdb] [saucenao] [google]
49996705

>>49996679
Kek I remember

>> No.49996713

Nexto go under.
Biz national holiday when nexo goes ass up.

>> No.49996715
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49996715

>>49996604
Nice haircut Simmy

>> No.49996739

>>49996691
>The risk isn't worth it.
If that's the case for you, great.
Rates are determined by the market: a bunch of potential depositors some of whom think it's worth it and others who don't. If you think it's not worth it, then don't deposit. Very simple.

>> No.49996747

>>49996739
That's right, and I will also warn people against taking unnecessary risks with terrible risk/reward profiles because I have no financial obligation to CeFi lenders and don't want to see more people get rekt.

>> No.49996753

>>49996747
That's Bulgarophobic as fuck though

>> No.49996805

>>49996747
>I will warn people against taking risks that I consider unecessary
>With risk/reward profiles that I consider terrible
>t. risk management expert

kek, ok. thanks for your valuable contribution, selflessly protecting anons (whose individual risk aversion and portfolios you know nothing about) from undue risk.

>> No.49996836

>>49996805
Well on one hand you have "withdrawals have been suspended" 100% downside, ask Celsius holders how they're doing, and on the other side you have what, 0.5%-1% over the next 3 months? 1% on your stack for risking losing literally everything?
Lets hear your argument in support of that.

>> No.49996861

>>49996679
founder was caught stealing funds from a charity his family ran -but I'm sure he would never do that to Nexo holders lmao

>> No.49996876
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49996876

>>49996604
OP is good, NEXO is the best defi crypto platform. It's make lots of money for customer. I am happy NEXO. This fud is not true. Please trust good NEXO international. NEXO #1!

>> No.49996890

>>49996739

Actually rates are determined by how desperate a gypsie rat is for your cash with no obligation to pay it back in their Terms and Conditions.

Market rates are what AAVE pays. Fucking retard.

>> No.49996896

>>49996739
>>49996805
Hindsight is 20:20. I don't understand why anyone would have *any* of their coins in *any* CeFi lending scheme right now unless proof-of-reserves was published by signing wallets daily. The risk isn't just that you lose your money. It's also that in hindsight it will have been obvious that you would have. So where's the money: 'attestation' doesn't cut it. Craig Wright 'attests' to being Satoshi with as much credibility.

>> No.49996910
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49996910

>>49996861
can you prove it? c-can you prove it, right?

>> No.49996913
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49996913

>>49996876
I agree! You can trust service. Always no problem. Just put money and trade token and get rich!

>> No.49996915

>>49996836
>Lets hear your argument in support of that.
It all boils down to what probability one assigns to "losing literally everything".
In your case it's high enough that the apy isn't worth it. For others it is low enough that it is worth it.

>> No.49996931

>>49996890
You think nexo won't raise rates if they don't have enough deposits for their business? Or that they won't lower rates if they have excess deposits? I'm not claiming the rates are set as efficiently or as quickly as other markets, but it is a market.

>> No.49996939

>>49996915
>probability one assigns to "losing literally everything"
(One) should probably also be willing to adjust (one's) assessment of the risks in the light of the insolvency of Celsius, BlockFi, Voyager...

>> No.49996946

>>49996910
i love the completely unrelated pepe to "fit in" lmao
>>49996915
We've seen 5 CeFi lenders go down in the last month, anyone gambling on 1% of yield in that environment is insane.

>> No.49996981

>>49996604

I dont like nexo because they are shorting my linkies. I like my linkies, I dont want them harmed.