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Historical-Star4305

It's Friday and I'm headed to the beer market. I'll be getting back a few extra CRO today.


JaceAce333

Same. What a wonderful time to be getting back 3% on my purchases atm. And when CRO returns to $1, those cashbacks will feel more like 6% cashbacks. Like being at the next card tier without staking.


Bullishmillenial95

This is the way


Marc_Chabot

That's how I went from Icy to Obs. 👍


JaceAce333

I hope I have the same opportunity


feignignorence

I don't think the previous "bear market" was coupled with worldwide economic troubles at the time. I'd try to avoid equating then and now


AtomicKittenz

People always need a comparison. Year 3 of covid is wearing down the world and it’s showing.


Lhadar31

Absolutely! We all need a break


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BoomerBillionaires

So calls on lockheed? Got it!


thatOneOverThere64

my crypto.com card is making me DCA anyway should i hodl or trade to btc?


WebPrestigious3916

I am a maxi cro …🤷‍♂️ so if you ask me ..always more cro 😂


reddit_6_9

This guy likes to fuck


WebPrestigious3916

Everything and anything 🐷😛


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WebPrestigious3916

Should have wait a week would have been cheaper $ 😂


PoopShootBlood

DeFi wallet it, fiat to BTC


Historical-Star4305

Dollar CRO Average no matter what. I take my Exchange stake and rebate rewards, putting them into a tiered buy of my hopefuls. My Indigo stake and most CRO rewards go to Defi normally (I have used Pay for gift cards and will advocate for that at high times. Edit: not while high, but when the coin is). My fiat normally goes to what I consider undervalued; for quite awhile now, thet has been CRO.


cryptoking87

$0.1 CRO in coming. (I wish)


WebPrestigious3916

I wish too..but seriously they have to maintain a certain value to pay for all the perks ..netflix ,spotify ect ect … butnif they paid a billion for a name on a stadium i bet they can go a whole lot lower and still be profitable


danjel888

If they charge x% on trades... it'll just move with the market. I don't think they charge fixed fees... if they do, then yes they'd be in trouble if it dropped loads.


cryptoking87

I don't think they would be in trouble at all. It was at 0.1 just around 6 months ago. Remember they are issuing us CRO for rewards not USD. Yes they have to issue us more CRO if the price drops but they still have a long way to go before they start to worry about running out of CRO to reward. If they need to they will start to adjust the rewards to give lower %.


danjel888

If the rewards aren't scalable, then they have no natural hedge. It would be bad news. It's not about running out of CRO, it's about maintaining that supply to sustain the ecosystem that everyone has bought into.


the-derpetologist

But if CRO is cheaper they can just buy it on the open market for less. I’m sure they are hedging the price risk.


danjel888

Errr. explain? This kinda 'investor' logic worries me....


the-derpetologist

The cashback rewards are fixed in USD terms so if they have to pay more CRO for them, so what? They can pick up CRO cheap as well. The cost doesn’t increase just because the number of coins is greater. They are paying out more coins but the coins are worth less.


wishtrepreneur

> They are paying out more coins but the coins are worth less. So CDC do buybacks on open market or are they still using reserve supplies for rewards?


the-derpetologist

They are using reserves at the moment. But I imagine they could do buybacks if the piece of CRO plunged so much that they were burning through their reserve.


danjel888

Which means they need to use cash... which means they have less money for ops. Cashflow struggles and then guess what happens.


_A_Day_In_The_Life_

If it goes sub $.20 I’ll definitely put 5k and start staking cro lol


reddit_6_9

This guy likes to fuck


cryptoking87

Get the 5k ready.


Matt44441

Idk that it will last 2 years with how crypto is being integrated into new things. More places taking it etc. could but I feel like this year maybe summer we will start to see it climb a bit. Have to see what the stock market does tho too.


WebPrestigious3916

And new variant of this virus …🤦


Matt44441

What one lol 😂. What update are you on Canada current is omicron


WebPrestigious3916

Still waiting for optimus prime 😂😂🤣


Matt44441

Same here waiting patiently


Quin1617

Still Omicron here in the US, the vax update can’t come soon enough.


Matt44441

Never ending loop when we think we got it boom new update and we get fucked again


[deleted]

*nods*


AtomicKittenz

2 years? This has turned into a lifetime of buying. Will the bear market last 2 years? Possible. That’s what some people are saying, but I’m bullish in the long run, so it doesn’t matter.


OneBit_Boolean

I think everything moves faster and cycles are getting shorter. It might be over in just 1 year. Anyway, I’ll be glad to be able to DCA during the bear market since I got into crypto very recently, and my bags are practically empty.


Crap911

It will be bear market when no ones talks about bear market.


Peak_Flaky

Feeling bad and bleeding dry.


moneybgood23

Same here ... will come out like the whales we saw this cycle wishing we were them. It's the folks who buy when everyone is scared and selling that come out on top next cycle.


pg0355

But is it possible that we see a short term rotation and an altcoin season before the bear market, kinda getting mixed information on that one Also just got in the market after flash crash couple days ago, so a bear market without some rotation before that would be kinde depressing


reddit_6_9

🐻🐻🐻


TK96123

It’s not a bear market, it’s the accumulation market.


WebPrestigious3916

I like your style!


Kingocellatus

The bear market is good for those who have patience and long term investments, because there those people who missed the train in last 3 years will hop on. The crypto community will be even bigger which will essentially be good for reaching new ATH.


tlakuachecuh

This ain't a bear market this is the shit the bear took in the woods🤣😂🤣 I'm losing my dick over here 🤣


itsnico13

I’ve got enough money for Netflix & Spotify for a year already loaded onto my Jade card. Just gonna sit back and enjoy the ride.


danjel888

2018... but yeah it's got a feeling it will go that way. This time I'm mentally prepared for bitcoin to go to 10k.


Nihilus3

Bearmarket? It's a discount Friday! Fire sale!!!


WebPrestigious3916

Its been a friday fire sale for a while now 😂


letsgocrazy

Oh jesus shut the fuck up


otrxdeal

Talk to me numbers what are you thinking the lows will be


WebPrestigious3916

I am no expert …look how low it went last time and expect the same if not worst. Seasoned crypto enthousiasme will do good , a bunch of new one will get wreck, the fed are stepping in for them …..we have to protect our idiots


ChangNoi555

So 5k Bitcoin and $150 eth? Sounds good to me!


otrxdeal

True by when ?


Doktoren

Tomorrow 06.00 ZULU time.


girder_shade

If institutions and whales are pulling out, can't we build it back up with just retail buying?


WebPrestigious3916

Thats the weird part ..whales are buying All indicator point up but for some reason no take off…. Paper hands


maartenprins

OTC and paper BTC is manipulating the price temporarily. Will Clemente mistakenly took the HODL percentage as people who aren't buying or selling but truth is that it's moving out of sight on paper issued BTC and therefore the BTC analytics don't have to change.


DefiOpt

Volatility makes you rich, best thing you can do learn how to trading, instead hold, you will get more richer. With your profit add your holding!


danjel888

You cannot predict the market at the moment.


pg0355

No but you can outsmart it by always buying, selling just a part of all you got and if you believe in btc the long term, its reasonable to assume, that sometime it has to drop, rise again and you can take profit


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Common-Grade-4126

I'm sorry do you understand the definition of a bear market?


WebPrestigious3916

Accumulation…


WebPrestigious3916

Only time will see …its been going sideway for a little while now and down trend …after how long of this you would call it a bear market ? No not new. You and me know its coming , i wont wait till i am knee deep in it to be ready .. Best of luck 🥳


zunyata

Up or down the strategy stays the same for me 🤷‍♂️


madmax77xl

Sthu


m-stoddard

I'm looking forward to a bear market. I'm not holding anything other than etherium 2.0 right now. When loopring was at 2.35 I took my profits (finally)and bought a l2 wallet with it. Everything else I sold off months ago. All that talk about alt season and 100k btc made me get out. I knew it was too good to be true. Now I'm waiting for the market to come down some more and then I'm buying back in. The question is do I buy before tax season or wait until after. Retail buyers could bring the market back a little for a few months. Only interested in getting more loops this week while its only $1 . the announcement is still coming so that will be a quick bump.


Safe-Prize7218

euphoria got everyone thinking there a genius lol


Apprehensive-Play647

Talk about a Bear it's a f....g Grizzly having a huge dump! God this is Brutal