Was it still profitable to hold my 1 bch on Nexo?

Playing around smartbch reminds me of the 1 bch that I have accumulated through writing in read.cash and noise.cash last July 2020 and lend it to Nexo for how many months now and just let it grow there. So after minutes of doing some Math on my profit it doesn't seems to be profitable than I actually thought it was, that is after experiencing smartbch.

Here is a compilation of my deposits when I am accumulating my 1 bch.

On july 2020 I have completed my 1bch and start earning bch since then, just this november, I switched my profit to earn more Nexo to increase my percentage of profit to silver base. Also I found out that if I had started, accumulating Nexo from march upto date, It would have been a profitable journey because, Nexo being the native token of the site has a tremendous increase from then on. But hey, I still got bch so its still a win win.

As you can see from the photo above, I have earned 1.37 Nexo and .01582544BCH by simply lending my bch to nexo and just let it sit in there and earn 4% apy. Also, since I put my bch in there I completely forgot about it. I usually don't check emails or notifications on the app so yeah, if you don't want trouble checking your portfolio from time to time this is also a great way to put your bitcoin cash and some other coins.

Or if you want to earn Nexo so you can benefit from your Bitcoin Cash, without doing anything its the best fit for you. Nexo coin also looks like as promising as shown in the graphs below.

But if you have a high risk tolerance, or also want bitcoin cash as profit, your 1 bitcoin cash can do more and earn more on smartbch.

0.015bch that is like 6.45$+ for a months of staking 1bch and is really low, if you put it on smartbch you'll gain it in just a couple of days from staking.

Here is one of the example, wrapping your bch and staking them on Tropikal.Finance

If you staked your 1 bch on it, you'll gain 2$ everyday according to the apr and bch current price, you just need to consider the deposit fee of 4%. There are many options to let your 1 bch grow on smartbch. But it is riskier than just letting your bch to earn on nexo.

There are also farming you could choose from different dexes. Providing Liquidity Pool and farming with 200+% apr is also a way to increase your portfolio. Hold a token with an amazing tokenomics.

Or buying tokens on presale events and wait for a 2x or 3x and then sell. But be sure to always, know that there is a risk you could lose your bitcoin cash in these events. Specially on the rug pull that has been surrounding the smartbch.

Conclusion

In conclusion, putting my 1 bch on nexo is not at all satisfying since I've got a taste of smartbch profits. But I am not saying that it is not profitable at all if you just want to hold your bch or any of your coins available on Nexo you could just put it there and still earn. Its just that it is more profitable to put it on smartbch. One thing that is nice about putting your money on metamask, you can create different account, and also if you don't want to invest anymore and you want to withdraw a little amount of your holds, you can actually withdraw within minutes using bridge (10% fees) or using coinflex (without fees). Also, Nexo is regulated meanwhile Metamask is like your own wallet because you hold the keys to it.

If thats not enough to convinced you, haha, anyway, bring your bch home guys!

Hey again, thanks for reaching this far and reading my ramblings about investment and sometimes shts. If you are a holder of any coins on Nexo and have a taste of smartbch token profits, what are your thoughts about it? Let me know below and let's talk about it! 😃

Sorry for the meme above! Haha its not related to the article. 🙈