I just want to have this publish as a record either to prove that I was right or I was wrong in 2025 (yikes, another 3 years haha).
This publication is another shrill post...yes sorry, but hear me out.
I have been through 2 crypto cycles: 2014 - btc fell to $200. 2018 - btc fell to 3,000. (I didnt count COVID dump that was a black swan event)
If I were to count this drop as another cycle then it would have been 3 crypto cycles. Yet again, btc fell to ???. We dont know yet, the dust has not settle.
I used BTC as reference because it doesn't matter which coin it is with XYZ promises. It doesn't matter. There hasn't been any coin that decoupled from BTC.
Only stable coin decouple from BTC (obviously).
I choose CRO over any other coins to shrill because I believe in the exchange coins such as binance, kucoin, and CRO. These exchange coins has tangible value, if you will. If the exchange grow, then the coin price typically increase, and they can't just rug pull like other alt coins.
Previously, I placed my money on binance which was a good purchased, too bad I sold it too early. I was too short slighted. I never ever thought BNB could get to 300 or even 600! and the legal issue with binance exchange. I didnt want to use VPN anymore and at a risk to get lock out. I bought BNB when it was $0.6 in 2017...and I had thousands of those coins, looking back at my old screen shots makes me sad. I also had a bunch of ADA, I abandon that coin during the crypto winter.
Now, I think CRO might have a shot just like binance did in 2017.
Let's look at some numbers -
if CRO has 20B which it had achieved earlier this year, then it would worth $1.
if it has 50B, then $3
if it has 100B, then $5 (this was achieved by BNB and ADA during the 2021 peak). Therefore I think that it is possible that CRO might have a shot.
So what does this mean? These prices are reference of how much CRO a person needs to accumulate, before CRO hits these price
Let's use $1 Million as a reference - if I accumulate 1,000,000 CRO then when it reach $1 I will have $1 million. (Simple math)
If I accumulate 333,333 CRO then when it reach $3 I will have $1 million.
200,000 CRO when it reach $5 I will have $1 million
As of now, 200,000 CRO = $20,000 @ $0.1/CRO, 333,333 CRO = $33,333, etc... Yes, that is a low end toyota.
The market is bleeding right now... its bad, but it is also a good time to accumulate CRO or other coins you believe in. If it goes lower, then I'll buy more until I reach my targets.
Based on how CRO is advising themselves, I think $5 is achievable, especially if the market continue to expand over the years - new funds are entering the market, old money return to the market.
The market cap continues to grow. I remember watching BOXMINING on YouTube and he was excited when total market cap reach 700B in 2017, to date that number is so much smaller.
Good luck and trade responsibly
This publication is another shrill post...yes sorry, but hear me out.
I have been through 2 crypto cycles: 2014 - btc fell to $200. 2018 - btc fell to 3,000. (I didnt count COVID dump that was a black swan event)
If I were to count this drop as another cycle then it would have been 3 crypto cycles. Yet again, btc fell to ???. We dont know yet, the dust has not settle.
I used BTC as reference because it doesn't matter which coin it is with XYZ promises. It doesn't matter. There hasn't been any coin that decoupled from BTC.
Only stable coin decouple from BTC (obviously).
I choose CRO over any other coins to shrill because I believe in the exchange coins such as binance, kucoin, and CRO. These exchange coins has tangible value, if you will. If the exchange grow, then the coin price typically increase, and they can't just rug pull like other alt coins.
Previously, I placed my money on binance which was a good purchased, too bad I sold it too early. I was too short slighted. I never ever thought BNB could get to 300 or even 600! and the legal issue with binance exchange. I didnt want to use VPN anymore and at a risk to get lock out. I bought BNB when it was $0.6 in 2017...and I had thousands of those coins, looking back at my old screen shots makes me sad. I also had a bunch of ADA, I abandon that coin during the crypto winter.
Now, I think CRO might have a shot just like binance did in 2017.
Let's look at some numbers -
if CRO has 20B which it had achieved earlier this year, then it would worth $1.
if it has 50B, then $3
if it has 100B, then $5 (this was achieved by BNB and ADA during the 2021 peak). Therefore I think that it is possible that CRO might have a shot.
So what does this mean? These prices are reference of how much CRO a person needs to accumulate, before CRO hits these price
Let's use $1 Million as a reference - if I accumulate 1,000,000 CRO then when it reach $1 I will have $1 million. (Simple math)
If I accumulate 333,333 CRO then when it reach $3 I will have $1 million.
200,000 CRO when it reach $5 I will have $1 million
As of now, 200,000 CRO = $20,000 @ $0.1/CRO, 333,333 CRO = $33,333, etc... Yes, that is a low end toyota.
The market is bleeding right now... its bad, but it is also a good time to accumulate CRO or other coins you believe in. If it goes lower, then I'll buy more until I reach my targets.
Based on how CRO is advising themselves, I think $5 is achievable, especially if the market continue to expand over the years - new funds are entering the market, old money return to the market.
The market cap continues to grow. I remember watching BOXMINING on YouTube and he was excited when total market cap reach 700B in 2017, to date that number is so much smaller.
Good luck and trade responsibly
Comment:
Still DCA. Breakeven price $0.121
Comment:
Breakeven price $0.098. Either we become a millionaire or we FTX'ed.
Personal target reached! Wake me up in 2025.
Unless we FTX'ed.
Personal target reached! Wake me up in 2025.
Unless we FTX'ed.
Comment:
Got a cool little bonus, added more CRO to the bag.
Breakeven Price $0.090.
Just additional thoughts. After the failure of FTX and other catastrophic events, there are a few major US crypto exchanges standing and among them is Crypto.com, which means that the FTX customers will need another platform to fulfil their needs. It's possible that there will be a new wave of customers for crypto.com in the near future. It would be interesting to see what will happen.
As long as the company doesn't go belly up, I see bright future for the company and CRO...Still, CRO is a high risk- high reward class asset. Trade responsibly and don't spend money you don't have.
Breakeven Price $0.090.
Just additional thoughts. After the failure of FTX and other catastrophic events, there are a few major US crypto exchanges standing and among them is Crypto.com, which means that the FTX customers will need another platform to fulfil their needs. It's possible that there will be a new wave of customers for crypto.com in the near future. It would be interesting to see what will happen.
As long as the company doesn't go belly up, I see bright future for the company and CRO...Still, CRO is a high risk- high reward class asset. Trade responsibly and don't spend money you don't have.
Comment:
Haven't update for awhile
Breakeven price $0.078
Bought a decent amount over September and October. At this point, I am way over my personal goal. Just couldn't resist the ~$0.05s, at this price it had significantly brough down my breakeven price. Finally starting to see some green after a long period of red.
Breakeven price $0.078
Bought a decent amount over September and October. At this point, I am way over my personal goal. Just couldn't resist the ~$0.05s, at this price it had significantly brough down my breakeven price. Finally starting to see some green after a long period of red.
Currently, my DCA price is 0.137 to break even.