paisawaisa
Elite Member
- Mar 23, 2022
- 3,972
- 1,079
Yes in dreams for sure.
Can CRO coin (crypto.com) reach $100?
- Thread starter Socia Blaze
- Start date
seomaster5
Elite Member
- Oct 31, 2021
- 5,161
- 1,482
Cr
Crypto.com is struggling. There was news recently that they even laid out staff.
Naughtyfatkid
Senior Member
- Sep 20, 2020
- 922
- 1,367
Rather than talk about CRO's price... it's better to see the developments that are happening.
Aside from their cdc app, big advertisements, and platform. Don't forget they're also the developers of the cronos ecosystem which is just a little bit behind SOL right now.
Aside from their cdc app, big advertisements, and platform. Don't forget they're also the developers of the cronos ecosystem which is just a little bit behind SOL right now.
blackbeans
Elite Member
- Nov 29, 2008
- 9,247
- 4,806
Given the recent rally by Bitcoin, everything is still on the table.
But you have to understand that we're not out of the woods yet.
A lot of crypto market watchers are eagerly rubbing their hands thinking that we're in for the next bull run.
After all, the US Federal Reserve has kind of cooled off on its rate increases and it seems that the Dow Jones has basically made peace with a high inflation environment globally.
This translates of course to a lot more dollars going to more speculative investment assets like crypto.
But before you get all excited and start buying up tons of CRO or any other crypto out there, please understand that we're not out of the woods just yet.
A big reason why Bitcoin had a recent run-up was because of the liquidations of short positions.
What this means is a lot of people were betting that Bitcoin is going to crash below $15,000.
That didn't happen, so their positions got liquidated.
When that happens to short positions, they're forced to buy Bitcoin and you know what happens next.
The price spikes up.
What's missing?
That's right!
Organic demand!
There will always be underlying organic demand for people who are just stocking up on Bitcoin no matter its price.
That will always go in the background.
But what really drives the market is sustained organic demand.
And if you are only counting on short sellers covering their positions as your "organic demand," you might be in for a nasty surprise later on.
It's also anybody's guess how long the way in Ukraine will continue to drag on and how the oil shock will pan out in the future.
While there is reason to be optimistic, I don't think we're exactly back to the golden age of crypto.
You have to understand that the investment public has gotten quite a bit jaded on this investment asset class, especially after the whole FTX scandal.
But you have to understand that we're not out of the woods yet.
A lot of crypto market watchers are eagerly rubbing their hands thinking that we're in for the next bull run.
After all, the US Federal Reserve has kind of cooled off on its rate increases and it seems that the Dow Jones has basically made peace with a high inflation environment globally.
This translates of course to a lot more dollars going to more speculative investment assets like crypto.
But before you get all excited and start buying up tons of CRO or any other crypto out there, please understand that we're not out of the woods just yet.
A big reason why Bitcoin had a recent run-up was because of the liquidations of short positions.
What this means is a lot of people were betting that Bitcoin is going to crash below $15,000.
That didn't happen, so their positions got liquidated.
When that happens to short positions, they're forced to buy Bitcoin and you know what happens next.
The price spikes up.
What's missing?
That's right!
Organic demand!
There will always be underlying organic demand for people who are just stocking up on Bitcoin no matter its price.
That will always go in the background.
But what really drives the market is sustained organic demand.
And if you are only counting on short sellers covering their positions as your "organic demand," you might be in for a nasty surprise later on.
It's also anybody's guess how long the way in Ukraine will continue to drag on and how the oil shock will pan out in the future.
While there is reason to be optimistic, I don't think we're exactly back to the golden age of crypto.
You have to understand that the investment public has gotten quite a bit jaded on this investment asset class, especially after the whole FTX scandal.
anti_dote
Supreme Member
- Dec 20, 2009
- 1,375
- 356
I think 2024 when the next halving takes place can see some serious bull-runs but yeah, I think Bitcoin may again touch sub $18k levels.
SponsorGlobal
Dispute - Never Responded
- Feb 16, 2020
- 1,320
- 248
You are like people who are waiting that Shiba coin become 10 $ 
starcity83
Senior Member
- Jun 30, 2011
- 915
- 620
If Bitcoin reaches $1 million yes!
- Oct 9, 2013
- 3,471
- 14,475
Cutting losses in crypto is a terrible idea.
It's the best way to guarantee you're going to lose money over the long term.
It's far better to "cut your losses" in the sense of just holding and leaving it
Ndiqi
BANNED
- Apr 12, 2009
- 985
- 442
Sadly you cannot always just hold and leave it…
Hold and leave it is what causes more loss.
Your coin can be removed from an exchange and if you just hold and leave it you probably miss their deadline to withdraw your coin and it’s gone.
Your coin’s dev team withdraw from active development and your coin is worthless.
Put a stop loss is way to go
- May 27, 2016
- 11,310
- 2,569
Maybe in a bull market. But not right now because we have bear market now.
- Oct 9, 2013
- 3,471
- 14,475
In crypto, holding always results in more gains. In the stockmarket too. A stop loss is for traders, not investors, and investors always do better than traders. It's far easier.
Most people buy high, then sell low to "cut losses", or they keep doing buying and selling cycles that result in losses.
So you mentioned that you can miss a deadline to withdraw from an exchange and lose your coin.. I've never heard of any exchange giving you a deadline to sell otherwise they keep your coin. However, why would you keep any coin on an exchange if you're holding?
The second about the coins dev team withdrawing from active development.. This is kind of a moot point.
It doesn't actually work in practice if you think about it. If a coin's dev team announces it's abandoning the project, do you think you'll be able to sell your coin in the first place?
If you found out in advance of everyone else, then sure, sell. But that's an ultra rare event for someone to actually know ahead of the public that a coin is about to go under.. Obviously if that's the case you sell
But in 99% of cases, in a bear market, "cutting your losses" will result in a loss. Think about it.. You buy at $10, then you panic sell at $6, or let's say you hold further and stupidly sell at $3 or even worse, $1. So a year later it's now $0.50. Do you buy more at that price? Most won't, because it's lower than the point they sold. They will wait for it to go up, and endup buying back at $5 if they sold at $3. Or if they sold at $6, they aren't going to buy back at $4, because psychologically it's lower than when they made the decision to sell, so they will still think it's too high risk. The vast vast majority, will only buy when it starts to rise fast again, so you end up with a, buy at $10, sell at $5, buy back at $7, then it goes up to $20 and they hold, then it drops, and some will sell about $10-$12, but many at this stage will hold. This is why most people fuck up in crypto. Their own psychology fucks them.
At $20, if they bought back at $7, they're greedy and want more, so they hold then. If it drops to $10, they still hold because they think it'll go back up. Then when it goes to $5-$6 they panic and sell again. Repeating this pattern.
If you HOLD everything, then what happens is you end up with 100-200x gains on a couple of coins, 10-20x on a few more, and some will zero. Worst case, you're going to end up with at least 1-2 100-200x+ gains unless you've only bought shitcoins.
Even if you went for riskier coins, on the upside you can have 1000-2000x gains in a couple of decades, vs the downside of losing what you put in.
And who cares if you lose everything you put in? What else were most people going to do with that money? Buy starbucks, mcdonalds, clothes and other crap that will all be useless in 20 years.
As long as you don't put in money that you will ever need, the strategy of holding forever is statistically the absolute best way to multiply your investment.
A normal person with a regular job might spend $200/mo on cakes/coffees. Instead of that, they could give up the cakes, feel healthier, and start making coffees at home instead of buying out. Invest that $200/mo in crypto over the next 10 years for a total of $24k. Better health and a big chance of having a huge retirement pot in 25-30 years as long as it's spread intelligently. Ie, 70% in the biggest projects like bitcoin, 20% in mid-cap coins and 10% in riskier low-cap coins.
Ndiqi
BANNED
- Apr 12, 2009
- 985
- 442
Dear KuCoin User,
The following projects have been delisted and the tokens will be removed from the platform:
Umbrella Network (UMB)
Sentivate (SNTVT)
SwissBorg (CHSB)
Caspian (CSP)
Pivx (PIVX)
Unifty (NIF)
Carnomaly (CARR)
Shopping.io (SPI)
Populous (PPT)
sUSD (SUSD)
RSK Smart Bitcoin (RBTC)
Big Town Chef (BURP)
Ripio Coin(RPC)
Credits(CS)
GoChain(GO)
Sovryn (SOV)
Celo Euro (CEUR)
Maxonrow(MXW)
Neutrino USDN(USDN)
COMBO (COMB)
Etho Protocol (ETHO)
carVertical (CV)
CUBE(ITAMCUBE)
Dora Factory (DORA)
Hyprr (UDOO)
UpBots (UBXT)
Jupiter (JUP)
TomoChain (TOMO)
Beta Finance (BETA)
Wrapped NXM (WNXM)
Venus (XVS)
Tokocrypto (TKO)
Badger DAO (BADGER)
Aavegotchi (GHST)
YOP (YOP)
The Crypto Prophecies (TCP)
Augur (REP)
Bancor (BNT)
BakeryToken (BAKE)
Ooki (OOKI)
Shiden Network (SDN)
Xensor (XSR)
Power Ledger (POWR)
MetaHash (MHC)
IDEX (IDEX)
Keep3rV1 (KP3R)
StormX (STMX)
Mobox (MBOX)
Aion (AION)
Spell Token (SPELL)
NFTB (NFTB)
RIF Token (RIF)
Binamon (BMON)
Fractal (FCL)
HORD Token (HORD)
Status (SNT)
Alpaca Finance (ALPACA)
Wrapped NCG (WNCG)
Bitcoin Diamond (BCD)
Survival Game Online (SURV)
The withdrawal service of Umbrella Network (UMB), Sentivate (SNTVT), SwissBorg (CHSB), Caspian (CSP), Pivx (PIVX), Unifty (NIF) and Carnomaly (CARR) will be permanently CLOSED at 10:00:00 on January 28, 2023 (UTC).
The withdrawal service of Shopping.io (SPI) will be permanently CLOSED at 10:00:00 on February 27, 2023 (UTC).
The withdrawal service of Populous (PPT) and sUSD (SUSD) will be permanently CLOSED at 10:00:00 on February 28, 2023 (UTC).
The withdrawal service of RSK Smart Bitcoin (RBTC) will be permanently CLOSED at 10:00:00 on March 28, 2023 (UTC).
The withdrawal service of RSK Smart Big Town Chef (BURP), Ripio Coin(RPC), Credits(CS), GoChain(GO), Sovryn (SOV), Celo Euro (CEUR), Maxonrow(MXW), Neutrino USDN(USDN), COMBO (COMB), Etho Protocol (ETHO), carVertical (CV), CUBE(ITAMCUBE) will be permanently CLOSED at 10:00:00 on April 28, 2023 (UTC).
The withdrawal service of Dora Factory (DORA), Hyprr (UDOO) UpBots (UBXT), Jupiter (JUP), TomoChain (TOMO), Beta Finance (BETA), Wrapped NXM (WNXM), Venus (XVS), Tokocrypto (TKO), Badger DAO (BADGER), Aavegotchi (GHST) will be CLOSED at 10:00:00 on May 28, 2023 (UTC).
The withdrawal service of YOP (YOP) will be CLOSED at 10:00:00 on June 2, 2023 (UTC).
The withdrawal service of The Crypto Prophecies (TCP), Augur (REP), Bancor (BNT), BakeryToken (BAKE), Ooki (OOKI), Shiden Network (SDN), Xensor (XSR), Power Ledger (POWR), MetaHash (MHC), IDEX (IDEX), Keep3rV1 (KP3R), StormX (STMX), Mobox (MBOX), Aion (AION), Spell Token (SPELL), NFTB (NFTB), RIF Token (RIF), Binamon (BMON), Fractal (FCL), HORD Token (HORD), Status (SNT), Alpaca Finance (ALPACA), Wrapped NCG (WNCG), Bitcoin Diamond (BCD), Survival Game Online (SURV) will be CLOSED at 10:00:00 on June 28, 2023 (UTC).
We have found that there are a certain number of the above-mentioned tokens in your account. Please make sure to withdraw them before the closing time above.
If you do not withdraw the funds within the specified time period, you are deemed to have given up the funds for good and will have no rights to claim back the funds or any other equal valued products from KuCoin.
Please note that during this period, if withdrawals fail due to the project’s actions, including but not limited to stopping the function of on-chain activities like block generating and on-chain fund transfer, KuCoin will close the withdrawal service accordingly, and will NOT be able to cover users’ losses. Thus, please make the withdrawal at your earliest convenience.
We sincerely appreciate your support and understanding.
Regards,
The KuCoin Team
Just one of a few examples
Also,
If you use stop loss you will be cut your loss before the dev team withdrawn
The following projects have been delisted and the tokens will be removed from the platform:
Umbrella Network (UMB)
Sentivate (SNTVT)
SwissBorg (CHSB)
Caspian (CSP)
Pivx (PIVX)
Unifty (NIF)
Carnomaly (CARR)
Shopping.io (SPI)
Populous (PPT)
sUSD (SUSD)
RSK Smart Bitcoin (RBTC)
Big Town Chef (BURP)
Ripio Coin(RPC)
Credits(CS)
GoChain(GO)
Sovryn (SOV)
Celo Euro (CEUR)
Maxonrow(MXW)
Neutrino USDN(USDN)
COMBO (COMB)
Etho Protocol (ETHO)
carVertical (CV)
CUBE(ITAMCUBE)
Dora Factory (DORA)
Hyprr (UDOO)
UpBots (UBXT)
Jupiter (JUP)
TomoChain (TOMO)
Beta Finance (BETA)
Wrapped NXM (WNXM)
Venus (XVS)
Tokocrypto (TKO)
Badger DAO (BADGER)
Aavegotchi (GHST)
YOP (YOP)
The Crypto Prophecies (TCP)
Augur (REP)
Bancor (BNT)
BakeryToken (BAKE)
Ooki (OOKI)
Shiden Network (SDN)
Xensor (XSR)
Power Ledger (POWR)
MetaHash (MHC)
IDEX (IDEX)
Keep3rV1 (KP3R)
StormX (STMX)
Mobox (MBOX)
Aion (AION)
Spell Token (SPELL)
NFTB (NFTB)
RIF Token (RIF)
Binamon (BMON)
Fractal (FCL)
HORD Token (HORD)
Status (SNT)
Alpaca Finance (ALPACA)
Wrapped NCG (WNCG)
Bitcoin Diamond (BCD)
Survival Game Online (SURV)
The withdrawal service of Umbrella Network (UMB), Sentivate (SNTVT), SwissBorg (CHSB), Caspian (CSP), Pivx (PIVX), Unifty (NIF) and Carnomaly (CARR) will be permanently CLOSED at 10:00:00 on January 28, 2023 (UTC).
The withdrawal service of Shopping.io (SPI) will be permanently CLOSED at 10:00:00 on February 27, 2023 (UTC).
The withdrawal service of Populous (PPT) and sUSD (SUSD) will be permanently CLOSED at 10:00:00 on February 28, 2023 (UTC).
The withdrawal service of RSK Smart Bitcoin (RBTC) will be permanently CLOSED at 10:00:00 on March 28, 2023 (UTC).
The withdrawal service of RSK Smart Big Town Chef (BURP), Ripio Coin(RPC), Credits(CS), GoChain(GO), Sovryn (SOV), Celo Euro (CEUR), Maxonrow(MXW), Neutrino USDN(USDN), COMBO (COMB), Etho Protocol (ETHO), carVertical (CV), CUBE(ITAMCUBE) will be permanently CLOSED at 10:00:00 on April 28, 2023 (UTC).
The withdrawal service of Dora Factory (DORA), Hyprr (UDOO) UpBots (UBXT), Jupiter (JUP), TomoChain (TOMO), Beta Finance (BETA), Wrapped NXM (WNXM), Venus (XVS), Tokocrypto (TKO), Badger DAO (BADGER), Aavegotchi (GHST) will be CLOSED at 10:00:00 on May 28, 2023 (UTC).
The withdrawal service of YOP (YOP) will be CLOSED at 10:00:00 on June 2, 2023 (UTC).
The withdrawal service of The Crypto Prophecies (TCP), Augur (REP), Bancor (BNT), BakeryToken (BAKE), Ooki (OOKI), Shiden Network (SDN), Xensor (XSR), Power Ledger (POWR), MetaHash (MHC), IDEX (IDEX), Keep3rV1 (KP3R), StormX (STMX), Mobox (MBOX), Aion (AION), Spell Token (SPELL), NFTB (NFTB), RIF Token (RIF), Binamon (BMON), Fractal (FCL), HORD Token (HORD), Status (SNT), Alpaca Finance (ALPACA), Wrapped NCG (WNCG), Bitcoin Diamond (BCD), Survival Game Online (SURV) will be CLOSED at 10:00:00 on June 28, 2023 (UTC).
We have found that there are a certain number of the above-mentioned tokens in your account. Please make sure to withdraw them before the closing time above.
If you do not withdraw the funds within the specified time period, you are deemed to have given up the funds for good and will have no rights to claim back the funds or any other equal valued products from KuCoin.
Please note that during this period, if withdrawals fail due to the project’s actions, including but not limited to stopping the function of on-chain activities like block generating and on-chain fund transfer, KuCoin will close the withdrawal service accordingly, and will NOT be able to cover users’ losses. Thus, please make the withdrawal at your earliest convenience.
We sincerely appreciate your support and understanding.
Regards,
The KuCoin Team
Just one of a few examples
Also,
If you use stop loss you will be cut your loss before the dev team withdrawn
In crypto, holding always results in more gains. In the stockmarket too. A stop loss is for traders, not investors, and investors always do better than traders. It's far easier.
Most people buy high, then sell low to "cut losses", or they keep doing buying and selling cycles that result in losses.
So you mentioned that you can miss a deadline to withdraw from an exchange and lose your coin.. I've never heard of any exchange giving you a deadline to sell otherwise they keep your coin. However, why would you keep any coin on an exchange if you're holding?
The second about the coins dev team withdrawing from active development.. This is kind of a moot point.
It doesn't actually work in practice if you think about it. If a coin's dev team announces it's abandoning the project, do you think you'll be able to sell your coin in the first place?
If you found out in advance of everyone else, then sure, sell. But that's an ultra rare event for someone to actually know ahead of the public that a coin is about to go under.. Obviously if that's the case you sell
But in 99% of cases, in a bear market, "cutting your losses" will result in a loss. Think about it.. You buy at $10, then you panic sell at $6, or let's say you hold further and stupidly sell at $3 or even worse, $1. So a year later it's now $0.50. Do you buy more at that price? Most won't, because it's lower than the point they sold. They will wait for it to go up, and endup buying back at $5 if they sold at $3. Or if they sold at $6, they aren't going to buy back at $4, because psychologically it's lower than when they made the decision to sell, so they will still think it's too high risk. The vast vast majority, will only buy when it starts to rise fast again, so you end up with a, buy at $10, sell at $5, buy back at $7, then it goes up to $20 and they hold, then it drops, and some will sell about $10-$12, but many at this stage will hold. This is why most people fuck up in crypto. Their own psychology fucks them.
At $20, if they bought back at $7, they're greedy and want more, so they hold then. If it drops to $10, they still hold because they think it'll go back up. Then when it goes to $5-$6 they panic and sell again. Repeating this pattern.
If you HOLD everything, then what happens is you end up with 100-200x gains on a couple of coins, 10-20x on a few more, and some will zero. Worst case, you're going to end up with at least 1-2 100-200x+ gains unless you've only bought shitcoins.
Even if you went for riskier coins, on the upside you can have 1000-2000x gains in a couple of decades, vs the downside of losing what you put in.
And who cares if you lose everything you put in? What else were most people going to do with that money? Buy starbucks, mcdonalds, clothes and other crap that will all be useless in 20 years.
As long as you don't put in money that you will ever need, the strategy of holding forever is statistically the absolute best way to multiply your investment.
A normal person with a regular job might spend $200/mo on cakes/coffees. Instead of that, they could give up the cakes, feel healthier, and start making coffees at home instead of buying out. Invest that $200/mo in crypto over the next 10 years for a total of $24k. Better health and a big chance of having a huge retirement pot in 25-30 years as long as it's spread intelligently. Ie, 70% in the biggest projects like bitcoin, 20% in mid-cap coins and 10% in riskier low-cap coins.
- Mar 22, 2013
- 9,150
- 10,490
Ndiqi
BANNED
- Apr 12, 2009
- 985
- 442
I am all for holding but it’s only for certain projects, applying all the same holding strategies to all of my portfolio is just not viable anymore.
I am also mixing between holding in my own wallet and exchange, because I find it easier to exchange to stable coin from exchangers, using my own wallet only for holding, my wallet won’t be exposed to this contract and that contract bullshit
I am also mixing between holding in my own wallet and exchange, because I find it easier to exchange to stable coin from exchangers, using my own wallet only for holding, my wallet won’t be exposed to this contract and that contract bullshit
- Oct 9, 2013
- 3,471
- 14,475
I've never heard of any of those coins..
If you're going to invest in projects like that, then sure, you need a stop loss, but those kind of projects only make money for the people who get in before the pump.
Ndiqi
BANNED
- Apr 12, 2009
- 985
- 442
I've never heard of any of those coins..
If you're going to invest in projects like that, then sure, you need a stop loss, but those kind of projects only make money for the people who get in before the pump.
Well it does not matter, I also don’t know most of those coins nor that I care, but investing always carry certain risks to it, any kind of investment.
And you can’t just say hold and leave them to make profit years later, it does not work that way, every once in a while you will need to evaluate your investment and make a move based on how it performs. And also good to follow news.
- Oct 9, 2013
- 3,471
- 14,475
It does work that way
It just depends whether you're investing or trading.
If you're trading, then yes, use a stop loss and watch the news.
If you're investing, then you just buy and hold forever. Wealthy people don't ever sell. They just keep accumulating.
Why would you need to sell? For money? Traders are are trying to make money. Investors already have surprlus money they need a long term home for.
I put money in bitcoin because I need a long term home. I don't need short term cash. What would I do with the money if I sell? Hold cash? Spend it? I could buy something else I think will go up in the short term but then I'm a trader trying to profit. Not an investor. That's the difference.
Most people here are better off being investors because it's easier. Even if you're not wealthy.
It's the same in stocks. You don't necessarily hold *forever*, but you hold very long term. The only way you'd dump your position in a company or sector is if you feel something is going to change that will drastically effect it and you want to move to another company/sector.
If you are invested long term in a company, and believe in that company, then the last thing you want is a stop loss. Instead, you'd BUY more if it's really low.
If bitcoin dropped to $10k, you know what I'd do? BUY.
If it dropped to $5k. I'd BUY.
If it dropped to $500. I'd BUY.
If it goes to $0. No problem. My downside is losing money I can afford to lose, but my upside? HUGE. If it drops to $500 and I buy $500k worth at that price, if it goes up to $100k, I've got $100 mil of bitcoin. If I lose, and I was wrong. Then I'm down $500k.
If I do a stop loss at $500, then what do I gain? Nothing. I sell my current bitcoin and get $20k. Great. Life changing stuff. I make a huge loss with zero chance of making more. Totally pointless. This is not how wealth is made. This is how people are driven into fear and FOMO cycles that make the smart people very wealthy.
