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No chart lines needed, breaking down through historical support on the chart. If this looses $4 we will be looking for a new low. MCO looks like a hot mess melting down while everything else is melting up. Why did I buy any of this? OH Yea~ They sent me a debit card! I completely forgot about that and have never used it. Crypto dot coms other coin CRO on the other hand has more than made up for any looses on MCO assuming you bought some of that too and if you leave it on their platform you can get 18% APY on it, but it is not automatically compounding. You are going to need those CRO gains to put your MCO fire out. Crypto dotcoms referals welcome if my chart helps you make a hard decision in the short term. Referral code: 3pfx3etpmk
Comment:
* MCO dies on November 2nd.
* The developer has killed this project.
* This confirmed exactly what I was saying in this post, MCO was a hot mess of a dumpster fire and now the developer agrees.
* After November 2nd, this token will loose all exchange token use case value.
* All of those exchange token attributes have been moved to CRO
* The price of MCO is being propped up by the token exchange rate to CRO
* This token is now an ERC-20 Zombie token and will begin to be de-listed on all exchanges.
*** GET OUT WHILE YOU STILL CAN! CONVERT TO CRO! ***
* The developer has killed this project.
* This confirmed exactly what I was saying in this post, MCO was a hot mess of a dumpster fire and now the developer agrees.
* After November 2nd, this token will loose all exchange token use case value.
* All of those exchange token attributes have been moved to CRO
* The price of MCO is being propped up by the token exchange rate to CRO
* This token is now an ERC-20 Zombie token and will begin to be de-listed on all exchanges.
*** GET OUT WHILE YOU STILL CAN! CONVERT TO CRO! ***
Comment:
..................................................... PUMP THE LIKES UP FOR PERFECTLY CALLING OUT GARBAGE BEFORE IT'S OWN DEVELOPER ............................................
You're Welcome. (Winky Face Emoji)
You're Welcome. (Winky Face Emoji)
Comment:
Good news this morning. Crypto dotcom has lowered the tiers for the debit cards based on community feedback. You now only need 10,000 CRO instead of 50,000 CRO for the Jade Green or Inigo Purple Debit Cards (Same Tier Card).
I get the feeling this is a temporary offer while they discontinue MCO. I would suggest converting your MCO and locking in this deal before it goes back up again.
I get the feeling this is a temporary offer while they discontinue MCO. I would suggest converting your MCO and locking in this deal before it goes back up again.
Comments
@LennyNero I would say it held support at $4 ... lol; It went from $5.15 down to $4.00 and came back up, currently @ $5.44 at the time of writing this. Profits flowing down from BTC to Alts currently btw. This performance, while now finally positive, is still less than the rest of the Alt market in the same period. They launched an MCO > CRO conversion with a 20% CRO bonus on the platform, this explains the price jump, but no other available fundamentals to support this climb. Not sure what they plan to do with the MCO they scoop up. I still struggle to see any value in MCO beyond the debit card option and a small interest rate. Exchange Token maybe? I'm not saying it's rat poison squared, but I am saying next to CRO (I also posted a chart on linked below) I don't understand what they are doing here with both coins on the same platform competing for market cap. There must be different intended use cases that have not been fully relieved. Toss a dart a a list of Alts in a bull market, it will also go up eventually, the Alts with value do way better than the ones without. I have been wrong in the past, picked some loosers, picked some winners, I can be wrong again, but I don't gamble, stay tuned and lets see what happens.
@ANA99, Yup, I still have the MCO, the platform locks it up for 6 months to get the debit card going. I also have some more locked up on the platform in their form of traditional CDs. While it is still in a possitive, the MCO > CRO exchange does look enticing, but I am already in excellent profit on the CRO token.
@ANA99, Yup, I still have the MCO, the platform locks it up for 6 months to get the debit card going. I also have some more locked up on the platform in their form of traditional CDs. While it is still in a possitive, the MCO > CRO exchange does look enticing, but I am already in excellent profit on the CRO token.
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@ANA99, Converted all MCO to CRO in the token swap. I get to keep the Jade Green debit card for a fraction of the new 50,000 CRO Stake that would now cost $8,500 USD at current CRO prices. On the conversion of MCO to CRO I ended up with $767 USD value above where I purchased MCO at. This was a life raft they tossed out so the developers could save face on the MCO dumpster fire. MCO dies on November 2nd, sell out or swap out while you can, this price will continue to sink, it is only being propped up by the swap rate to CRO now. Abandon ship, SOS, MAYDAY! This boat is being scuttled by the devs.
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@LennyNero, I just read the full news posting on the platform... Looks like MCO is being killed off and replaced by CRO with a 20% bonus to converting from MCO now. The price pump on MCO was people buying all the MCO off of exchanges to take advantage of the 20% CRO bonus. It is not because MCO had value, it is because MCO is now completely worthless. See my other linked chart about CRO, you have unitil early November to convert your MCO to CRO for the bonus or it will eventually be an ERC-20 zombie coin once fully replaced by CRO. Good luck sir!
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@LennyNero P.S... I am now officially saying that MCO is rat poison squared.
Only Berkshire-Hathaway would buy this token now. Call up Warren Buffet, we have a crypto trade we can both agree on here.
Don't eat the moldy french cheese sir, sell it to anyone willing to pay a higher price for it than you did!
I really do hope you sold at $5.95, if you were awake at that hour! If so, you must be da Jesus that @fpapadak must have been talking about below.
Only Berkshire-Hathaway would buy this token now. Call up Warren Buffet, we have a crypto trade we can both agree on here.
Don't eat the moldy french cheese sir, sell it to anyone willing to pay a higher price for it than you did!
I really do hope you sold at $5.95, if you were awake at that hour! If so, you must be da Jesus that @fpapadak must have been talking about below.
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@wesmantx05, Yes I did sell my MCO, didn't stake it and didn't have much, but at least didn't lose on it. Thank you for your texts.
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@LennyNero, Congratulations! Its rare to sell at a spike peak like that, even if you didn't hold that much you exited perfectly. I would give you a thumbs up here if that were an option.
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@GrantPeace, You win sir. You have officially posted the dumbest and least informed comment I have ever seen so far. It aged like moldy french cheese sir, worth more per ounce than gold, if you would only read everything and do your homework prior to posting emotionally driven quips that helped no one at all. You don't have to like moldy french cheese for it to have value somewhere (Trying to help prevent you from posting something even dumber next).
I bet you're holding your MCO to January 2021 when you think it will go back up above your buy in price right? That would really show me something right? Go ahead, HODL to Zero, post me a chart, I wanna watch that wreak.
Now, let me help you instead... MCO now has zero value after November 2nd. If you do not convert or sell out before then, this will become an unsupported zombie ERC-20 token and exchanges will begin to de-list this soon as it will begin to cost them more to continue to support then it has in value to them as the volume vanishes before then.
MCO's developer now agrees with me that this token was a hot dumpster fire too and they are abandoning it while tossing you a life raft to get out. I literally called it before they announced it publicly to all users.
Without the 20% bonus conversion to CRO (See Chart Below) no one would be in any kind of profit on this dumpster fire of a token. CRO now has all of the MCO utility added to it and all the utility value has been stripped from MCO. New buyers to this platform will be buying CRO, not MCO and they will need more CRO than they ever needed in MCO to make use of the platform. If you cannot see that, stop posting things immediately on the internet, someone might just listen to you about something and get wreaked for it.
I'm currently in significant profit on my MCO purchase I made to get a debit card that I don't actually use. They gave me a $5,500 bonus and a better interest rate. Where did you buy in at? $25, $11, $8, $4? I can happily say my cost average was below $5 and converted out to a better token at a higher price with a better APY.
Now listen closely, I have pulled a profit every single month this year, positive on every single open position and have no losses on a single trade. I stopped getting wreaked a long while back and pulled consistent profits from the crypto bull market of 2016/17 and all the way through the past 3 year bear market. This MCO thing was the least significant chart I have posted so far that is confirmed now as an entirely an accurate call.
The difference here is that I recognized hot garbage when I saw it and off set any potential losses and still ended up in a gain. It's called trading my friend. Minimizing risk to beat the averages.
You should click follow, I will try to help you and everyone else to stop picking garbage fires and show you what works. Stop tossing darts at speculation guesses. Stop buying high and selling low. Don't count on lady luck again, that is gambling my friend.
I bet you're holding your MCO to January 2021 when you think it will go back up above your buy in price right? That would really show me something right? Go ahead, HODL to Zero, post me a chart, I wanna watch that wreak.
Now, let me help you instead... MCO now has zero value after November 2nd. If you do not convert or sell out before then, this will become an unsupported zombie ERC-20 token and exchanges will begin to de-list this soon as it will begin to cost them more to continue to support then it has in value to them as the volume vanishes before then.
MCO's developer now agrees with me that this token was a hot dumpster fire too and they are abandoning it while tossing you a life raft to get out. I literally called it before they announced it publicly to all users.
Without the 20% bonus conversion to CRO (See Chart Below) no one would be in any kind of profit on this dumpster fire of a token. CRO now has all of the MCO utility added to it and all the utility value has been stripped from MCO. New buyers to this platform will be buying CRO, not MCO and they will need more CRO than they ever needed in MCO to make use of the platform. If you cannot see that, stop posting things immediately on the internet, someone might just listen to you about something and get wreaked for it.
I'm currently in significant profit on my MCO purchase I made to get a debit card that I don't actually use. They gave me a $5,500 bonus and a better interest rate. Where did you buy in at? $25, $11, $8, $4? I can happily say my cost average was below $5 and converted out to a better token at a higher price with a better APY.
Now listen closely, I have pulled a profit every single month this year, positive on every single open position and have no losses on a single trade. I stopped getting wreaked a long while back and pulled consistent profits from the crypto bull market of 2016/17 and all the way through the past 3 year bear market. This MCO thing was the least significant chart I have posted so far that is confirmed now as an entirely an accurate call.
The difference here is that I recognized hot garbage when I saw it and off set any potential losses and still ended up in a gain. It's called trading my friend. Minimizing risk to beat the averages.
You should click follow, I will try to help you and everyone else to stop picking garbage fires and show you what works. Stop tossing darts at speculation guesses. Stop buying high and selling low. Don't count on lady luck again, that is gambling my friend.
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Wow, soooo many people are butt hurt about the MCO->CRO token swap. Here's the thing folks, new platform users will now need to buy CRO tokens going forwards, you converted into CRO. There may be an initial short term sell off as the butt hurt people who purchased MCO @ $11 take their exit, but medium and long term, there will be more price appreciation on this token that also has a 16% to 18% yield baked in. For those of you who staked 500 MCO for the debit card, you will still get all of the benefits as long as you leave your now 13,500-ish CRO locked up in the stake at 16% APY, where new users will need 50,000 CRO to get the same debit card. This is a $5,000 early adopter bonus falling in your lap. For anyone concerned with them dumping CRO on the market to lower the prices, how could that possibly be a benefit to them? Why would you tank the price of something you hold so much of? Besides, the full amount of CRO they have is locked up in an Etherium smart contract that only unlocks a very small amount each day for their internal operating expenses and platform development funding. They cannot dump on the market as that smart contract is audited and held by 2 different 3rd party auditors. Make the switch or sell so someone else can swap your tokens for you, that is your call an an investor as is loosing money when you buy at the top and sell at the bottom. I am still bullish on this token and will be taking some profits in early September as the price begins to go up again.... Only I will have received even more by then in staking rewards. CRO CEO makes a public announcement sometime today to clarify what their game plan is/was. Good luck everyone!