CRO Reddit Mentions | ChartExchange

We’ll just have to agree to disagree, honestly IMO you’re looking at things all wrong, you and so many others are fixated on ATH. This is an extremely poor metric in and of itself, it gets a lot of attention for sure but ATL’s and particularly lows of the past few years are far more important as an indicator of when to buy.
If you look at the lows since January 2022, BTC went to ~$15K and CRO went to ~$0.05, since then BTC hit ~$126 & CRO went to ~$0.39. In both cases they’re approx 8X from those lows in 2023, which provides some real data to analyze and think about. BTC would have provided slightly better from buying the lows, but you should also consider that had you staked the CRO it would be extremely close. Now if you look at today’s prices, CRO is following BTC very closely, especially in the buying pattern, note: not volume, that clearly can’t be compared. If we consider CRO with a potential upside to $0.40 from the $0.08 now, 5X is not stretching the possibility. But, let’s drop it to $0.32 & a 4X, which is easily achievable, I can not see BTC doing a 4X from here, not even a 3X to be honest. 🤷‍♀️
When you couple this with what CDC/CRO are trying to do this year, new Cronos CEO, plus we can expect to see CRO ETF enter the market also. Therefore, potentially CRO will have some headwinds to help, as an improvement from the last low to high. We know that BTC has no such headwinds to improve, it’s a great safe place to put funds for the future. Consequently, for me, I’d be buying MSTR over BTC if you’re a true believer, or even Strategy’s Preferred Stock STRF/STRC for a steady ~10% income stream for a safe bet.
# I’m not saying anyone should be buying CRO now, I’m personally not buying any myself.
However, if we’re discussing CRO on this Sub, which it’s designed for, then we need two sides of the discussion to try and understand things fully. I fully understand that buying CRO at a relatively high price is foolhardy and will lead to some serious losses. This includes locking up for cards, upgrading cards when prices increase thinking you’ve got something for free. My first card I got at $0.40 in 2021, my first ever CRO buy in was $0.019 in early 2021. I thought this is easy money, but I soon learned it wasn’t, but I knew it was my mistake, so I did a lot more research, I listened and learnt.
I realized that what CRO is good at is rewards, promotion and PR, I realized getting a card at a low price could really help in terms of rewards and compounding to increase a base amount. I upgraded my card using cash when it was low, I missed the really low stuff, but got 435K CRO at 8.5%. I’m still in green on my total CRO BASE, and there’s a very good potential for actual price growth, my average price is way down below $0.07.
# In the end, it’s always going to be about when you buy and what you’re average is, as to which side of the fence you are!

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