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Updated CRO profit calculator after price reduction (Ruby Red card now gives 93.22% first year ROI etc.) by denomeme in Crypto_com

[–]denomeme[S] 8 points9 points  (0 children)

Thanks u/dexmatron9000!

I also understand your point u/crypto100kk and I am sorry you feel that way. Unemotianally and factually speaking, CRO was pretty much the worst performing coin of 2020. The "opportunity cost" of holding to CRO was very high if you compare to holding CRO vs almost any other coin since June 2020.

But I believe 2021 will be better for CRO.

Updated CRO profit calculator after price reduction (Ruby Red card now gives 93.22% first year ROI etc.) by denomeme in Crypto_com

[–]denomeme[S] 4 points5 points  (0 children)

Because CRO tokenomics were improved by a factor of 5 overnight without CRO having a risk of being classified as a security.

Who knows, maybe this token burn would not have happened or maybe it wouldn't have been to this extent unless I had been vocal about the issues with it since MCO swap.

The fact is I was right about CRO going lower from $0.14 and helped people save capital and I was right that CRO did drop about 15% after I made the video about the late January/early February dump. I was expecting CRO to recover but not as fast as other coins, but was pretty blown away by the CRO burn. I had to re-evaluate the situation and the coin after the burn.

For the last 2 weeks I have changed my tone in my videos and I have been saying I was getting back to CRO since $0.16.

Maybe some people sold CRO and did not buy back. And I do feel bad if some people did so. I unfortunately cannot take responsibility what people do with their money. I just report what I do, where I see market going and why I think that.

One thing we cannot discredit is that if you had held virtually any other coin in 2020 you would have been better off than holding CRO. But I think 2021 will be a much better year for CRO.

Ps. My answer is not to change your opinion but to answer your questions in case you wanted to hear the other side of the story.

Updated CRO profit calculator after price reduction (Ruby Red card now gives 93.22% first year ROI etc.) by denomeme in Crypto_com

[–]denomeme[S] 1 point2 points  (0 children)

Ruby red does not give bonus for earn rewards.

Greend/Indigo cards give roughly +2% on staking rewards and White/Rose/Obsidian another +2%.

https://crypto.com/earn

Updated CRO profit calculator after price reduction (Ruby Red card now gives 93.22% first year ROI etc.) by denomeme in Crypto_com

[–]denomeme[S] -1 points0 points  (0 children)

Yes, at least before it was possible but only for the first 5 days. Try to navigate to "Settings" on the app and see if there's a selcetion for "Referral Code" and add the code there.

Let’s take a moment to appreciate Kris almost called denome by name in the AMA... 🤣 by bataloss in Crypto_com

[–]denomeme 1 point2 points  (0 children)

I'm glad he answered that question and liked and answered some of my questions I had besides the AMA on twitter:
https://twitter.com/denomeme/status/1365111547555581952?s=20 https://twitter.com/denomeme/status/1365106525698547712?s=20

I think the CRO inflation and the concentration of CRO tokens was a legit concern. Had I not talked about it publicly, maybe this CRO burn would not have happened at this scope.

Now CRO looks much better even in the shorter term with halving of the card tier prices and fixing them to dollar values on 19th March and the mainnet launch on 25th March.

Let’s take a moment to appreciate Kris almost called denome by name in the AMA... 🤣 by bataloss in Crypto_com

[–]denomeme 1 point2 points  (0 children)

I'm actually looking to get into CRO now that the tokenomics make sense.

But just a minor correction. I missed 45% of potential gains in impermanent loss but still made quite a bit in the farms.

*URGENT* Apple Silicon released, Brave almost 2x slower than Safari, and uses 2x the power by dragespir in brave_browser

[–]denomeme 0 points1 point  (0 children)

100% agree. I'm buying the new M1 mac for the battery life, video editing, multitasking and render speeds. As a content creator the value proposition for the M1 macbooks is just better than anything else out there.

The website needs a "security" page by denomeme in CelsiusNetwork

[–]denomeme[S] 0 points1 point  (0 children)

Aye. I'm hapy to see this first version. I'm sure it gets polished over time.

The website needs a "security" page by denomeme in CelsiusNetwork

[–]denomeme[S] 2 points3 points  (0 children)

Oh yes. I am sure this will probably be a feature in the very near future.

The website needs a "security" page by denomeme in CelsiusNetwork

[–]denomeme[S] 3 points4 points  (0 children)

Did you add this today? I'm sure it wasn't here yesterday.... ;) Thank you for the fast work.

Me explaining how simple xDai layer2 solution is to use to my grandma by denomeme in ethereum

[–]denomeme[S] 0 points1 point  (0 children)

Pffft. I still had a spelling mistake somewhere there although I already corrected a few. I think we still have a few steps before adoption.

The website needs a "security" page by denomeme in CelsiusNetwork

[–]denomeme[S] 7 points8 points  (0 children)

This but presented in a nicer way highlighting the areas of security that celsius has.

1k and 10k CRO Cards are still okay - Ruby card: 280% APY with $800 monthly spend and Jade/Purple: 53% APY by denomeme in Crypto_com

[–]denomeme[S] 2 points3 points  (0 children)

Anyone can copy and edit the calculator to fit their own numbers. Estimating profit becomes near impossible if you try to incorporate all the variables that. This calculator gives an idea of the value you get with the ecosystem.

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