Waking up Yesterday morning I noticed my phone had received 28 new text messages telling me that my Loan To Value rate on Nexo had reached a critical level.
When I checked my account, I was devastated.
Nexo had sold practically all my assets while I was sleeping. I had been liquidated.
I knew I should have followed my own advice, and sold, or at least paid off the loan I had foolishly taken just before December last year, at the top. (Well, there is a penalty for paying loans less than month after the loan, so I was pretty much forced to not to pay off the whole $400k at once.)
At that time, I had about 25 bitcoins on my account.
So, I was hoping the prices would jump, because there was no blow-off top, like each and every time before the ATH was reached. To no avail. So, when the Bitcoin price got to $50k, I should have sold and paid it off, but instead ended up growing my debt, still hoping for better times.
When we got to $40k, I was still feeling pretty good, so I made a bloody error of judgment. I sold about 5 bitcoins, which amount somewhere around €197k. Ethereum had just taken a steep nosedive, and I thought tomyself, that if Bitcoin corrects up, Ethereum usually makes a larger move, and I can cash it out back into Bitcoin and make a profit. So I made the transaction.
That was the wrong call. After having bought about 135 ETH, its price fell again, and again... I was helpless, I just couldn't do anything.
Here's an unrelated photo to break up an otherwise very boring post.
The last error I made was to think I'd weather it out, and wait for better days... They never came. Instead everything started crashing, faster and faster.
And come Yesterday, I came to find out I had lost pretty much everything. Pretty much all of my bitcoins were gone, and half of the ethereum I had bought, also gone.
Pretty much everything I have left, is now staked on the Hive blockchain.
And I have no more income. On Nexo I did have pretty good returns from the savings accounts, but now those are gone too.
But it was quite a ride though. To think that I started with 300 bitcoins, around the year 2012.
I still have my photography, so I am willing to try making some projects, hoping it might take off, somehow. My photo account on Hive is 
So, I'm definitely not going to leave Hive, or crypto. Nope. It is my home, and this is the job I ended up with. I'm going to have to recover some of what I have lost. And I guess I have to use some muscle to get it done.
As I'm still writing this, the midnight has already passed, and we are in the early morning hours of the 16th June. When I wake up, we will be celebrating my 46th birthday.
I will keep up a happy face, and try make the most of it, while (I must admit) it doesn't really feel like it.
Anyway, it's getting really late, and I'm already quite exhausted. I'm hoping you'll check out
