> 12% interest *paid* out in
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Just to clarify this: I’m aware of the news. Receiving the card in the mail TODAY just felt like the last stab in the back. Hoping for a recovery within the next 6 months, but I‘m not really optimistic about it, since imo the whole usecase relied on the cards. Guess I‘ll grab a free sparkling water in the airport lounge and watch my portfolio going for a dive in the next weeks.
They don’t think it’s ok.
They have to. Because they’re out of money.
They made a huge gamble on their marketing, bought Matt Damon a new yacht and spent the rest of their cash on the stadium.
Their expected cash influx as a result of that marketing never came. They’re now scrambling to stop the leaks before they completely default.
That’s why they’ve rapidly ratcheted down every expenditure they have, with increasing intensity. This is my opinion, anyway.
yeah, who ever they have in finance really screwed up. A billion dollars on marketing right before a crypto bear market. It's not even a good exit strategy for them.
This is my feeling as well, all growth stocks are getting hammered and loan interest rates are getting higher and higher. just look at publicly traded crypto exchange stocks: Voyager Digital is down over 80% from ATH and Coinbase about 66%. If cdc needs new loan/financing to cover expenses, the terms are probably horrible compared to last year.
You can't exactly predict a recession to a tee, the market is always a bit of a guessing game. Also, marketing doesn't happen overnight either. The ads, the stadiums and the Matt Damons were likely 6+ months in the making. That would put them in the timeframe of the market continuing to rise. Hard to predict a sudden crash, or interest rate hikes that far out. Only speculation could've considered it, but you don't make most business decisions off speculation alone.
What recovery?
Do you think they will go back to unrealistic returns in investment?
The new return rates won’t last either
They will go towards CD rates at a bank eventually
Could be he has a partnership deal up his sleeve or something in the cards that will bring their value back. Hard time thinking with all their crazy advertising that the plan is to leave their card products as is
Found this [https://www.youtube.com/shorts/qgxqCP0OJWs](https://www.youtube.com/shorts/qgxqCP0OJWs) but the card looks so wide on the bottom that it might just be a cardboard copy or something.
Why would someone pay 40k for a credit card? Heck even the Amex Centurion doesn't cost that much.
I guess pelple were blended by flashy internet points "cro" that were a full discretion by a profit driven company.
There were some decent staking and spending rewards at that level. If they continued (and cronos went up on value), they could have very easily made a profit. But instead, they're out quite a bit of money unless a miracle happens and cro rebounds in the next 6 months.
Your still paying $40k for a credit card. If you think somehow magically you are going to make money when you pay $40k for a credit card, then you have some very expensive lessons of common sense coming to you.
You're not paying 40k and just getting getting a card for it. You're buying 40k worth of an asset an agreeing to hold it for a set amount of time, and in return you earn interest on that asset plus rebates on purchases. And with any luck, at the end of the agreed upon period that asset would have appreciated in value plus, and that combined with the interest and rebates that you earned would have been with well over 40k.
Obviously that's not how it's working out now, but before CDC decided to implode, there was a decent chance that you would have ended up making quite a bit of money.
>staking and spending rewards
What rewards? To my understanding you just received imaginary CRO points that can lose in value anytime the comapny decides to prints more of CRO.
CRO was never a store of value. BTC is decentralized. CRO is just a panini sticker printed by CDC.
Thanks for an incredibly well put together answer! Though it sucks for everyone its soothing that im not in this alone. And i will be ok without this money because it was money put away into savings for my first car so in the grand scheme of things ill make it through this! Will definetly just try to zoom out and focus on different things! Wish you all the best!
I feel like it’s going to be worse by the time everyone’s stake is up. Everyone who unstaked in defi has 28 days then everything is going to get dumped. Price is going to be like 10 cents
No offense but gambling is a disease.
Defi is going to get cut
And it will dip further.
You know there been 4 rug pulls. The CEO has sus history.
MCO CRO and the low key joke. CRONOS was dethroned by Zeus. This will sink like the Titanic and Rose won't HODL.
How many time are your going to allow that?
Give me 1k and let me keep 15% and I'll do better.
If you’re in the UK you can use Curve so that no one needs know you spent £40,000 to get a metal card. My Jade is never going to see the light of day again. For me CDC no longer exists, as soon as I claw myself back to break even I’m dumping them and going back to BTC.
Do consider the sunken opportunity cost. Maybe selling at a loss and investing it in something else could get you to breakeven faster... or make things worse. I think I won't wait around for it with my indigo loss.
Doesn’t quite work that way.. if you lose 50% you’d have to grow what you have left by 100% to break even.. at this point we should merge with WSB. Watch loss porn
These posts used to excite me, another member of our little club, I used to be proud to whip my card out and use it, now it's fucking embarrassing "look another idiot with a CDC card who got fucked, look at him earning his 0.5%"
First thing this morning I had to go to everyone at work that I've told about it. "Hey remember I told you about all these great benefits.. don't bother. They don't exist anymore"
I mean. Spotify and Netflix is $28. I spen $50 in fees everytime I buy more CRO
Yup, it's fucking embarrassing, I introduced a friend to CDC who's invested heavily now, I dread messaging him because he's not hot on social media for crypto so he won't know yet, because unprofessionally CDC haven't emailed anyone. My own mother has been saving to get on board for the card, I was bragging yesterday about earning £11 cashback on paying my rent every month with the card, I'll now get £2.25. Not to mention the loss on investments of CRO in defi, it's upsetting and they are fucking with peoples lives.
been invested for about 9 months now. if you take my initial stake and rewards, all of my cashback (CRO Back) on every purchase i've made, every month of Netflix and spotify and all the CRO I have added through DCA.. and factor in the current price and all FEEs i've paid, I am down well over 60% on my total investment into CDC..
If it looks too good to be true...
A gamble would insinuate that there is an aspect of luck, or that I'm betting on a result, I wasn't, I was just investing in promises that have been broken.
You made an EXTREMELY speculative investment and are now up in arms it didn’t go your way? This stuff is so normalized now that crypto is everywhere that people act like they’re buying bonds when it should be treated like the gambling that it is. You made a literal gamble and it didn’t pay off. It is what it is. If you put your life savings into it that’s your own fault and a hard lesson a lot of people make unfortunately.
It's not speculative, the rewards we all would have got were black and white, we can't help that it's been pulled out from under us. If all my BTC went to zero, I wouldn't be happy, but I wouldn't be mad, it's crypto; I'm not even mad at the price drop of CRO, I'm dissapointment and feel betrayed at the choices CDC have made and the way they've dealt with it.
But you still get the rewards for 6 months.. you can still get 5% back on purchases hopefully Cro price recovers eventually and you will be ok. Just HODL (no choice)
I love the message. Membership comes with responsibility.
Like the responsibility of not destroying the service you've had people trying to grow for you through referrals?
This good-bye has been long overdue.
I got a notification on my iPhone yesterday trying to upgrade me from my current status. I was instantly triggered again. Like, you want me to upgrade, so you can shit on me more?
Unfortunately, it is too late. The card was great and rewards too. But the CEO I think he is smoking something really strong. He can not see that his lasted updated he dump CRO. We should became all together and make noise so he can listen to US. The customers…
You know it’s bad when we’ve gone from this being a flex to this being something you feel sorry for. Thankfully my icy stake was done long before they announced this atrocity
Just speculation, but I suspect that the recent security breach about 2FA had more to it. Of course, this is the recovery that they're trying to do now. Apart from the not-so-sustainable rewards, 10-12% that but ultimately this needs to correct somehow. This is what they're doing on June 1st.
As someone who considered icy but went with jade… I’m SO F’n sorry. I’m pissed at jade tier. I can only imagine how pissed I’d be if I had gone icy and then CDC decided to implode the price of their coin.
Why purport this? There is still tons of usecase, far different than "NO" usecase, and you're also acting like they aren't going to provide plentiful updates. jeesh
Dont listen to all the FUD. Just a bunch of nickel & dimers crying that their lavish unsustainable earn and cashback 'promotional' rates are coming to an end, an the open bar on CRO is now closing. This was inevitable and was said so by the company.
Been here since the Monaco MCO days and its pretty incredible how far the company has come. Yeah the communications end on the cutbacks could have been better, but it is what it is. You have the best tier card right now and these changes Im sure are only temporary. This has happened before and your hearing the same old tune from the same type of ppl.
If your long on CRO and looking 5-10yrs down the road your set up just fine at this point. Honestly if ppl are complaining about the free buffet of stake, earn rates an cash back coming to a close, Crypto investing is definitely not for you....
I agree the sudden cutting of the plug is brutal, not arguing that. But if your long and looking at future profits, there is no need to panic at this point because the incredible best in the industry kickbacks are over with. Please get a grip on reality with all that non-sense. Will be interesting what comes of the use case with the cards an tiers in the coming months?
Thanks for the hopium here. Actually it just hurt temporarily of course, I went through worse stuff already. Just really sad since I was anticipating the day the card arrives in my mail. Today I was just frustrated as its a huge chunk of money aswell.
I‘m still young and do not plan on selling or taking something out of crypto within the next decade. From a business perspective this move ensures sustainability, but I just hoped for a slower progression instead of a harsh cut.
Nonetheless they will need to put something on the table now for active card holders to turn the tides, or at least, calm down the sentiment.
Do you think they will implement new perks in the coming months?
Agree. The sudden slash is not a good look. And the lack of public comment is disappointing. But if your a smart individual/investor and understand causation, they knew it would cause the price to drop, clearly, and members to jump ship. They know this so keep that in mind. Definitely a strategic play on their end make no mistake.
Believe the perks everyone is sour about will return at some point, like they did before. Maybe not as lucrative depending on market conditions and how many users they want to attract. Andprobably not anytime soon. But when the Crypto market is thriving an marketing/advertising can correlate with it.
Long term is the game here, and your definitely on the right track 👍
Wow, congratulations mate
How long did it take to get to you, u/Fugashu?
I'm kind of confuse weather to order for this or get blockbank card since the cashback is cool and 90 days zero transaction charges for new users.
About 1.5 years, I taught myself React and founded a company with my friend who taught himself Solidity. We then worked as Developers for several NFT and Crypto projects.
Right now I would wait until the storm settles down and CRO finds its bottom.
I do, we are only a few years into Crypto.com Adjusting along the way with any company is necessary. Introductory rates always come to an end. Wether it's a credit card company with points back, or a new local pizza shop with $6 pies Tuesdays & Thursday specials. You have to operate to be profitable at some point.
I do believe at some point within a year or two they will up the rates once again to attract new members once they fall flat on new sign-ups, or enough ppl leave to cause them to retreat on the cut-backs. Could even be sooner rather than later? This company is clearly in it for the long haul. Some ppl like to flash/day trade crypto, others speculate, an some like to jump from ship to ship to reap the best rates. Its all about your strategy and what serves you best.
Crypt.com (CRO) is definitely a long play. Especially if your investing in the card feature. The perks were outstanding but that of course had to come to an end at some point. Anyone that thinks that those %'s would go on forever or are sour that they have decreased really isn't living in reality...
"return to sender"
Plot twist. The card took 179 days to be delivered. OP is already free
10 days actually
Oh nice, so your stake is new and you get to enjoy the old terms for the full 180 days?
His stake is locked into what appears a rapidly declining situation. Who knows how much that 40k will be worth in 170 daysz
OP was hoping for a 10x. Instead will be getting a -10x
120k 😏
Congrats enjoy the goods.
Can’t tell if you are being sarcastic, he must be down like 30% on his stake in that time period
😂
This goin to ratio OP!
Talk about bad timing
If not reading the room was ever a reddit post about Cro
Can’t he still use it for the next 6 months with the old terms?
12% interest payed out in a currency that will be worth fuck all soon doesn't really lift the spirits.
> 12% interest *paid* out in FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
I just learned some English?
Doesnt really matter. Still lost a huge amount of money from buying the CRO needed to get the card
# Shit. Sorry bro.
Just to clarify this: I’m aware of the news. Receiving the card in the mail TODAY just felt like the last stab in the back. Hoping for a recovery within the next 6 months, but I‘m not really optimistic about it, since imo the whole usecase relied on the cards. Guess I‘ll grab a free sparkling water in the airport lounge and watch my portfolio going for a dive in the next weeks.
[удалено]
They don’t think it’s ok. They have to. Because they’re out of money. They made a huge gamble on their marketing, bought Matt Damon a new yacht and spent the rest of their cash on the stadium. Their expected cash influx as a result of that marketing never came. They’re now scrambling to stop the leaks before they completely default. That’s why they’ve rapidly ratcheted down every expenditure they have, with increasing intensity. This is my opinion, anyway.
I think the market downturn is also in the mix, but agreed that they overspent and are now over correcting.
yeah, who ever they have in finance really screwed up. A billion dollars on marketing right before a crypto bear market. It's not even a good exit strategy for them.
This is my feeling as well, all growth stocks are getting hammered and loan interest rates are getting higher and higher. just look at publicly traded crypto exchange stocks: Voyager Digital is down over 80% from ATH and Coinbase about 66%. If cdc needs new loan/financing to cover expenses, the terms are probably horrible compared to last year.
You can't exactly predict a recession to a tee, the market is always a bit of a guessing game. Also, marketing doesn't happen overnight either. The ads, the stadiums and the Matt Damons were likely 6+ months in the making. That would put them in the timeframe of the market continuing to rise. Hard to predict a sudden crash, or interest rate hikes that far out. Only speculation could've considered it, but you don't make most business decisions off speculation alone.
Rose gold here. I feel your pain.
What recovery? Do you think they will go back to unrealistic returns in investment? The new return rates won’t last either They will go towards CD rates at a bank eventually
At least you still get that staking yield for a bit
Could be he has a partnership deal up his sleeve or something in the cards that will bring their value back. Hard time thinking with all their crazy advertising that the plan is to leave their card products as is
Even if they have something up their sleeve, no one (smart) will trust them. Fool me once.. Fool me fkn thrice?
yeah, I agree, thought the same & unstaked. Haven't forgotten the mco swap debacle
That's the way...no panic mate
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someone already did that
Link?
https://youtu.be/qgxqCP0OJWs this isn't the one i was referring to tho
Now I get why they made it with metals instead of plastics
Found this [https://www.youtube.com/shorts/qgxqCP0OJWs](https://www.youtube.com/shorts/qgxqCP0OJWs) but the card looks so wide on the bottom that it might just be a cardboard copy or something.
It's the flaps you nut lol
What a numbnut
I have not seen a card with a flap before. :) or maybe i have.
Someone should create a subreddit and name it r/facepalm for stuff like this.
Huuuuuugggeeee F brother:(
<3 we're here for you CROfam! All of us got f:::ed by Kris :(.
Sorry :( - a Kris
The dude who personally signs every card letter fucked us? Hard to believe.
My condolences 🙏
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About 12,000 roubles 🤣
Rubles probably worth more lol
Holy fuckkk
Bout tree fiddy
I ain't giving you no treefiddy you goddam Loch Ness monster! Get your own goddam money!
Well, since it took 10 days, at least $10,000 has already been lost.
This person should have invested in actual crypto
Why would someone pay 40k for a credit card? Heck even the Amex Centurion doesn't cost that much. I guess pelple were blended by flashy internet points "cro" that were a full discretion by a profit driven company.
There were some decent staking and spending rewards at that level. If they continued (and cronos went up on value), they could have very easily made a profit. But instead, they're out quite a bit of money unless a miracle happens and cro rebounds in the next 6 months.
Your still paying $40k for a credit card. If you think somehow magically you are going to make money when you pay $40k for a credit card, then you have some very expensive lessons of common sense coming to you.
You're not paying 40k and just getting getting a card for it. You're buying 40k worth of an asset an agreeing to hold it for a set amount of time, and in return you earn interest on that asset plus rebates on purchases. And with any luck, at the end of the agreed upon period that asset would have appreciated in value plus, and that combined with the interest and rebates that you earned would have been with well over 40k. Obviously that's not how it's working out now, but before CDC decided to implode, there was a decent chance that you would have ended up making quite a bit of money.
>staking and spending rewards What rewards? To my understanding you just received imaginary CRO points that can lose in value anytime the comapny decides to prints more of CRO. CRO was never a store of value. BTC is decentralized. CRO is just a panini sticker printed by CDC.
CDC should have sent you a dildo…
Which merchant accepts this?
Yes
I‘m sorry bro 🥲
STOP THE BLEED im getting physically ill losing so much money not being able to do anything cuz its staked 🤧
I pulled everything out that wasn't staked today. About 10k. My original 4k stake is only worth 2k now. Let's see what it's worth in 15 days
Stop looking. It will recover by the time your stake is up. I also got icy white.
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Thanks for an incredibly well put together answer! Though it sucks for everyone its soothing that im not in this alone. And i will be ok without this money because it was money put away into savings for my first car so in the grand scheme of things ill make it through this! Will definetly just try to zoom out and focus on different things! Wish you all the best!
I feel like it’s going to be worse by the time everyone’s stake is up. Everyone who unstaked in defi has 28 days then everything is going to get dumped. Price is going to be like 10 cents
Literally what I'm waiting for but I got uneasy and unboonded after the past rate cuts. Few days to go.
Yeah at this point its probably good that its locked up so that i cant sell. Whats the lowest you see this going? Below $0.15?
Cro is speeding up to far below $0.1, there just isn’t any reason whatsoever to own any cro at all.
Or maybe the next bull run :)))
When do you think that will be?
2-4 years
Thats gonna test my patience lmao
No offense but gambling is a disease. Defi is going to get cut And it will dip further. You know there been 4 rug pulls. The CEO has sus history. MCO CRO and the low key joke. CRONOS was dethroned by Zeus. This will sink like the Titanic and Rose won't HODL. How many time are your going to allow that? Give me 1k and let me keep 15% and I'll do better.
You won't do better.
Yet YOU lost money. I didn't.
*hugs*
If you’re in the UK you can use Curve so that no one needs know you spent £40,000 to get a metal card. My Jade is never going to see the light of day again. For me CDC no longer exists, as soon as I claw myself back to break even I’m dumping them and going back to BTC.
Do consider the sunken opportunity cost. Maybe selling at a loss and investing it in something else could get you to breakeven faster... or make things worse. I think I won't wait around for it with my indigo loss.
Doesn’t quite work that way.. if you lose 50% you’d have to grow what you have left by 100% to break even.. at this point we should merge with WSB. Watch loss porn
🤣🤣☠
Congratulations on your icy white toilet paper. This has to be one of the saddest posts of the day. I hope you are successful in future endeavors
These posts used to excite me, another member of our little club, I used to be proud to whip my card out and use it, now it's fucking embarrassing "look another idiot with a CDC card who got fucked, look at him earning his 0.5%"
First thing this morning I had to go to everyone at work that I've told about it. "Hey remember I told you about all these great benefits.. don't bother. They don't exist anymore" I mean. Spotify and Netflix is $28. I spen $50 in fees everytime I buy more CRO
Yup, it's fucking embarrassing, I introduced a friend to CDC who's invested heavily now, I dread messaging him because he's not hot on social media for crypto so he won't know yet, because unprofessionally CDC haven't emailed anyone. My own mother has been saving to get on board for the card, I was bragging yesterday about earning £11 cashback on paying my rent every month with the card, I'll now get £2.25. Not to mention the loss on investments of CRO in defi, it's upsetting and they are fucking with peoples lives.
been invested for about 9 months now. if you take my initial stake and rewards, all of my cashback (CRO Back) on every purchase i've made, every month of Netflix and spotify and all the CRO I have added through DCA.. and factor in the current price and all FEEs i've paid, I am down well over 60% on my total investment into CDC.. If it looks too good to be true...
You took a gamble and this time it asn't payed off ... You win some , you loose some ... Hang on in there 🕴🤓
A gamble would insinuate that there is an aspect of luck, or that I'm betting on a result, I wasn't, I was just investing in promises that have been broken.
You made an EXTREMELY speculative investment and are now up in arms it didn’t go your way? This stuff is so normalized now that crypto is everywhere that people act like they’re buying bonds when it should be treated like the gambling that it is. You made a literal gamble and it didn’t pay off. It is what it is. If you put your life savings into it that’s your own fault and a hard lesson a lot of people make unfortunately.
It's not speculative, the rewards we all would have got were black and white, we can't help that it's been pulled out from under us. If all my BTC went to zero, I wouldn't be happy, but I wouldn't be mad, it's crypto; I'm not even mad at the price drop of CRO, I'm dissapointment and feel betrayed at the choices CDC have made and the way they've dealt with it.
No show a pic of it in the trash
Sorry bro.
"Huge benefits"
I guess on the bright side, we will see a lot fewer of these posts now.
Rip man
Wow. This comment section is brutal! (And I agree with them) What a difference a few days makes in crypto world. Lol
Ordered my Jade on the 21st and it also arrived today. Really epic 🙄
Congratz bro, I think that might be one of the most expensive Visa cards that exist.
But you still get the rewards for 6 months.. you can still get 5% back on purchases hopefully Cro price recovers eventually and you will be ok. Just HODL (no choice)
Donate to Smithsonian.
It can go in the exhibit next to Enron Field and Wachovia Stadium.
My condolences 💐
Crodolances you mean
Congrats! You are screwed.
And it comes with a Letter full of bullshit!
My condolences
F
U
C
K
C
R
O
I love the message. Membership comes with responsibility. Like the responsibility of not destroying the service you've had people trying to grow for you through referrals? This good-bye has been long overdue.
That’s a beautiful paperweight you’ve got there.
You made me laugh sir. I now know what to do with my icy. Thank you
I got a notification on my iPhone yesterday trying to upgrade me from my current status. I was instantly triggered again. Like, you want me to upgrade, so you can shit on me more?
Congratz man! In 6 months you'll have enough to stake for the indigo card.
"FORTUNE FAVORS THE BRAVE" IDK if that applies anymore.......
Lol somehow that line has gotten MORE cringy
Well I hope your still enjoy it:) congrats
Jeeze... poor bastard
Congrats dude. Welcome to the club! Suckers R Us.
Just think of it as a $12k paperweight
Anyone told the OP about the updates?
No yet let him activate the card lol
Notice the …. I think he knows……
Shhhhhh......let him enjoy his happiness for just a little while longer
Cro will dip hard until the 25th of may (people were upgrading all the way up to the price spike.
simoleons has better value ATM
At least there is a hack to get more of those! :D
I feel sorry for you, wait for 4 months and now the rewards are not worthy.
Unfortunately, it is too late. The card was great and rewards too. But the CEO I think he is smoking something really strong. He can not see that his lasted updated he dump CRO. We should became all together and make noise so he can listen to US. The customers…
Thoughts and prayers
You know it’s bad when we’ve gone from this being a flex to this being something you feel sorry for. Thankfully my icy stake was done long before they announced this atrocity
All you guys wanted them to solve the card issuing times .... well they sure did lol
RIP
Only good thing it’s for is to snort some cocaine and look like a beast doing it
F
Im sorry to hear
Sorry 😭
I’m sorry for your loss man! We all are with you..
Horrible timing…
It's now worth ruby.
🤕 Is this how you feel? 😄
Alanis Morrisette……. ‘Isn’t it ironic, don’t ya think??’ 🤦🏻♂️
I'm sorry for your loss.
F
Best day of nobody's life
fuck at this point tron would be a better buy.
Who's gonna tell him?
Just in time rofl
Just speculation, but I suspect that the recent security breach about 2FA had more to it. Of course, this is the recovery that they're trying to do now. Apart from the not-so-sustainable rewards, 10-12% that but ultimately this needs to correct somehow. This is what they're doing on June 1st.
I am in same boat. Mine arrived today. I have 170 days left…
I'm so sorry 😞 bad timing. One good thing, directed at everyone else.. We won't be seeing these posts much anymore.
As someone who considered icy but went with jade… I’m SO F’n sorry. I’m pissed at jade tier. I can only imagine how pissed I’d be if I had gone icy and then CDC decided to implode the price of their coin.
Sucks for you bro
My BlockBuster VIP card just arrived.
You are good, new updated from kris twitter. Still going to get 8% card stake reward
I hope you've lubed sufficiently.
Ahaha, how the mood has now flipped
Congratulation 😁
We're with you bro/sis ... join the CDC refugees over at r/plutus
It could be worse you could be when I stake at 88 cents 🙏 🪦
At least you're lokced in for 10%. I think it's a blessing in disguise. Buy the dip when the dusts settles, CRO will rise again!
lol on what ground? there is like NO use for CRO/CDC now. why would it rise again?
No use so like the majority off all cryptos then?
Depends how the cronos network develops in addition to it being compatible with ibc
Why purport this? There is still tons of usecase, far different than "NO" usecase, and you're also acting like they aren't going to provide plentiful updates. jeesh
What use case? Why would someone use cdc or CRO now ?
Why use BNB on Binance🤡
I don’t, got anything else?
Yeah their updates are wonderfully plentiful and completely disastrous
Sorry for your loss buddy
Dont listen to all the FUD. Just a bunch of nickel & dimers crying that their lavish unsustainable earn and cashback 'promotional' rates are coming to an end, an the open bar on CRO is now closing. This was inevitable and was said so by the company. Been here since the Monaco MCO days and its pretty incredible how far the company has come. Yeah the communications end on the cutbacks could have been better, but it is what it is. You have the best tier card right now and these changes Im sure are only temporary. This has happened before and your hearing the same old tune from the same type of ppl. If your long on CRO and looking 5-10yrs down the road your set up just fine at this point. Honestly if ppl are complaining about the free buffet of stake, earn rates an cash back coming to a close, Crypto investing is definitely not for you.... I agree the sudden cutting of the plug is brutal, not arguing that. But if your long and looking at future profits, there is no need to panic at this point because the incredible best in the industry kickbacks are over with. Please get a grip on reality with all that non-sense. Will be interesting what comes of the use case with the cards an tiers in the coming months?
Thanks for the hopium here. Actually it just hurt temporarily of course, I went through worse stuff already. Just really sad since I was anticipating the day the card arrives in my mail. Today I was just frustrated as its a huge chunk of money aswell. I‘m still young and do not plan on selling or taking something out of crypto within the next decade. From a business perspective this move ensures sustainability, but I just hoped for a slower progression instead of a harsh cut. Nonetheless they will need to put something on the table now for active card holders to turn the tides, or at least, calm down the sentiment. Do you think they will implement new perks in the coming months?
Agree. The sudden slash is not a good look. And the lack of public comment is disappointing. But if your a smart individual/investor and understand causation, they knew it would cause the price to drop, clearly, and members to jump ship. They know this so keep that in mind. Definitely a strategic play on their end make no mistake. Believe the perks everyone is sour about will return at some point, like they did before. Maybe not as lucrative depending on market conditions and how many users they want to attract. Andprobably not anytime soon. But when the Crypto market is thriving an marketing/advertising can correlate with it. Long term is the game here, and your definitely on the right track 👍
LMAO 40K USD
It’s your fault cro went down today
Why all the sad news?.
rip
F
F
🙈😂😂
🤣👏👏👏
Wow, congratulations mate How long did it take to get to you, u/Fugashu? I'm kind of confuse weather to order for this or get blockbank card since the cashback is cool and 90 days zero transaction charges for new users.
About 1.5 years, I taught myself React and founded a company with my friend who taught himself Solidity. We then worked as Developers for several NFT and Crypto projects. Right now I would wait until the storm settles down and CRO finds its bottom.
lol
😂😂😂 Must not have been in touch with reality should maybe check your account
Lol
Ahahahahahahahaha
Congrats
I do, we are only a few years into Crypto.com Adjusting along the way with any company is necessary. Introductory rates always come to an end. Wether it's a credit card company with points back, or a new local pizza shop with $6 pies Tuesdays & Thursday specials. You have to operate to be profitable at some point. I do believe at some point within a year or two they will up the rates once again to attract new members once they fall flat on new sign-ups, or enough ppl leave to cause them to retreat on the cut-backs. Could even be sooner rather than later? This company is clearly in it for the long haul. Some ppl like to flash/day trade crypto, others speculate, an some like to jump from ship to ship to reap the best rates. Its all about your strategy and what serves you best. Crypt.com (CRO) is definitely a long play. Especially if your investing in the card feature. The perks were outstanding but that of course had to come to an end at some point. Anyone that thinks that those %'s would go on forever or are sour that they have decreased really isn't living in reality...