Nexo
$1.56 7.54%
NEXO · 3w

Swap Nexo for BTC at a loss?

I'm no trader, and when I got into crypto a few weeks before the May crash I knew I wasn't even gonna attempt to play the market and just hold. But seeing my Nexo position down over 60% is absolutely disheartening. And it was a substantial chunk of my holdings. As much as it would pain me exiting now at a loss, wouldn't it make sense to swap for BTC which should prove more robust in the bear market and recover earlier? Is it too late to do so? As a newbie I just wonder how veterans mitigate and prepare for times like this.
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