This is why we hodl a variety of assets
Kyber says screw you to the massive sell-off. Up 21% and flying!
My exodus wallet (seen above) has lost around $1000 in value over the last few days yet I have nothing but hope for the future.
Why the sell-off?
Could be connected to the Fed's auction of 4000 BTC yesterday which would likely have been sold at the end of the day. Below you can see the large & unnatural looking dump, which came just at the moment when we were looking set to make our next yearly high. Perfectly timed one might say.
It matters not. They cannot hold back this tide for much longer.
My Valentines gift to Sabrina
I did a post on this the other day but didn't mention one of my presents to her. She has long been asking me how much 'money' we have and I have long been avoiding the answer, mostly thanks to the two year bear market!
On Valentines day things were looking sweet in crypto world, so I added up my three main wallets and presented it to Sabrina in this fashion.
She seemed happy ;)
You may be wondering what is NEXO?
It is a lending token which permits me to borrow crypto or fiat, as long as I am holding their tokens on their platform. I put $1000 into their ICO because I really see the long term potential of this one and intend to use it to the MAX.
What is the one thing everyone wants when crypto is going up?
More crypto!
Kyber made me smile today, because I had almost forgotten it in the “other assets” of my wallet but now its my 4th biggest allocation. :-)
Yes, it has been growing mega fast. Always fun to watch! :)
Thanks for sharing. I had not heard of NEXO (not surprising as I'm new to Crypto) but just swapped .045 BTC to 2,008.511233 NEXO using Atomic Wallet where I had some BTC. Looks like there was a fee or around 3% to do this. I'm wondering if you know of the best exchanges (secure and low fees) or Wallets with exchange functions to make swaps (without KYC/AML)?
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Great you went and bought some! Get yourself an account here: https://platform.nexo.io/
Once you can see your NEXO wallet address there, send it over and they will display the amount you can borrow. The only thing I would say about borrowing is to perhaps wait a bit longer. We want to be SURE the market is in a consistent UPtrend before borrowing. Otherwise it may be hard to pay back... assuming you are going to do what I plan to do... which is buy more crypto and re-invest it.
All exchanges limit the activities of non KYC customers. Though I think most of them let you exchange small amounts still without giving up your ID. Exodus wallet lets you do exchanges, any size without KYC. But their fee seems large compared to exchanges. Not actually sure the fee is as I don't use this feature. I'm just a hoddler these day!
When I need to use exchanges I generally use Bittrex & Binance. Though this very much depends on what I'm buying.
Do i need a NEXO wallet as i have my NEXO in Atomic wallet? I dont plan to borrow.
Having said that, currently i have the unavoidable ability to buy crypto quickly on the dips, as i'm buying with cash via BTC machine, and there's a daily limit how much i can withdraw from ATM's. So i withdraw for 3 or 4 days. then make the 50 mile trip to BTC machine to make the trip worthwhile. But i tend to miss the dips! So perhaps if i could borrow fiat and then buy crypto without KYC, all online, then when i have enough cash a few days later, buy BTC at the machine and immediately convert it back to fiat online (not sure how) and pay back the loan. Is this workable do you think?
No need to hold the NEXO on their platform if you don't want to take a loan. Also, to take the loan one must do KYC, so this may not appeal to you.
Your dip buying system sounds quite entertaining. Rather like it was for me in 2016 when I lived in Bali. Only it was more like 10 miles ;)
To remain off the radar this system is best. The only other thing you could do is use LocalBitcoins.com and find a person more local to you who is willing to sell BTC. If you are able to develop a relationship with this person they might even permit a bank transfer system, which would make life a whole bunch easier for you.
So awesome brother! 2022 $10M not just $1M ! Families like yours need to thrive!
I very much like that sound of that ;)
Though I wouldn't know what to do with 10M! All we really need is some land upon which we can build our Earthship and plant our food.
Looking forward to inviting you there when it is all done :)
@tipu curate
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Thank you for the tip!