Dossier
crypto loans
Coverage of crypto loans in the Nexus archive.
- What would you tell someone about to make their first crypto buy right now?
The article discusses shifting advice for first-time crypto buyers, emphasizing simplicity by recommending Bitcoin (BTC) alone and avoiding distractions like Discord groups or speculative coins. It also highlights the importance of using crypto loans instead of selling assets to cover expenses, a strategy the author attributes to improved long-term outcomes.
- What's the dumbest crypto decision you made that accidentally worked out?
A Reddit user shared a story of taking a leveraged crypto loan on Nexo in 2022 to buy BTC before a market crash. Despite the risky move and near-liquidation, Bitcoin's eventual recovery allowed the user to pay off the loan and profit, attributing the success to luck rather than planning.