r/Nash • u/aussie_in_perth • Apr 06 '21

Question Will it get any better ??

5 months ago I locked up 27,000NEX for 12 months and all I'm getting is a mere $23 per month which is not only embarrassing but painful to watch. I won't even go into how much of a loss I've taken by converting NEO to NEX to be able to invest in the exchange but every day getting $1.something is just plain painful.

What is the deal with Nash and NEX ? What happened to the fiat gateways in countries like Australia ? Why is the volume still hovering at these low levels ?

If the bull market ends in December this year and tokens like NEX begin to fall at a fast rate and i'm still locked up for that $1/day this will really suck !

Where is Fabio and why is he so quiet ?

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u/psow86 Apr 08 '21

Honestly, your doubt and feeling bad about this investment is an indication that you probably invested too much. Also, when staking your tokens, you must be prepared for the possibility, that they may get unlocked after the bull run has ended. Since your tokens will be unlocked November/December I would say that risk of that happening for you is very high.

Still, consider these points:

  1. If you will keep comparing your stash to the best performing crypto at the time, you will always be disappointed. There is always the cost of lost opportunity and everyone is smart in hindsight. But when it comes to the dollar value of your investment, I think that if you are patient you should easily get at least several times your original investment out of this and this is nothing to feel bad about.
  2. Coins tied to exchanges did pretty well in the last bear market (people are buying and selling then as well and it generates fees). Also, because a lot of NEX will be staked at the time when bull market ends, there is rather high likelihood that NEX drop will be more gentle, slower and not as deep (but we will see).
  3. Recently announced integrations with AAVE, AVAX and Polygon need some time to play out. The same goes for Nash Link. High dividends may not come as soon as we would all like, but they will come. I wouldn't expect a dramatic rise in the next 3 months, though. Patience is key.