Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Got the icy white card over a year ago, love it ! If CRO goes up enough, will consider the black obsidian card, they need to add more benefits for that card.
I yolo'd into it at .19 for the Jade Green, been happy for a good while. Secure more bags when it dipped back down to .09, good times all over the place.
I got the red card during the summer of 2020. Spent $80 in CRO staking, I’ve been getting $11 a month since for spotify and my CRO reached $600 at the peak. Couldn’t have been happier
Don’t forget 12% weekly interest that’s $48,000 a year interest if it goes up it can be way more That’s like almost $1000 a week interest you can sell every week ur interest and spend that on what you want every week or keep in CRO and hopefully it goes up then it’s worth probably $2,000 a week interest or More. And ur original investment of $400,000 could be way worth $1,2M
I remember when the name of this token was MCO (Monaco) It was way cheaper to get the black card, I could't apply because they didn't deliver to my country
Hey Dave, 1 thing to note: I was using the Indigo card to run my business expenses through there: There's a hard cap of 300 Transactions/$25K in spend cap per month.
Makes sense since it’s a “consumer” card and not intended to be used as business card. I do use for business related travel but certainly good to keep in mind tho! Seriously considering upgrading to obsidian (for the 2m cap on Earn)
@@HeythereDavehere Having this much coin in earn on the app is a risk similar to having crypto on any exchange or do they have better insurance for hacked/stolen crypto? I have the icy white and decent amt in earn but I think about it being on their exchange the whole time. thoughts?
I don't understand the confusion. In the defi world users are acting as the bank, offering loans out to users at an interest rate or fee. So the fees and interest we pay when taking out a loan is where those percentages are coming from. We're making the amounts banks typically make when they lend out our money to people.
exactly. people really underestimate how much cash banks make with your money sitting "idle" on your bank account. Returns of 30%+ (for the banks obviously) arent uncommon. Then they give you 0.05% and call it a day while inflation eats away at it. Giving you 10% and keeping the other 20% is a nice win win scenario for both sides.
I am really excited to see this video from you, because I just got into the ecosystem. I just did the $400 stake card, and I am excited about it. Gonna try and use the staking feature to invest a lot in crypto. I am excited
tbh, getting into any higher card than the 400 ruby red isnt even necessary as long as the cro defi wallet pays more interest than the card does. once it doesnt, its time to upgrade. until then I keep only 400 staked and the rest on the wallet, currently earning 12.34%
@@1wing1 once you can get the icy white card the rewards make up for the missing .34% but before you have the 40,000 it is better to have a ruby card and invest the rest like you stated.
It makes sense to me, i invest in the below penny crypto and all i need is a decimal to go down so for example i have 3,830,461.08 of shiba which at the moment is at 0.00000799 and i paid 30€ no crazy money, if that goes to 0.000015 I will have $3,159,431.00. Re-invest on xrp and cardano for the generational wealth.
I absolutely love the research and non-biased opinion. I haven't bought cro since I started staking for the Royal Indigo card, I move all my staking rewards to their defi app and stake there. It basically cost me 1200 bucks in cro value for the card. This and Cardano have been my top gainers.
When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
Personally as a first time investor, i started trading with Mrs Sharon Laura with $1,000 now my portfolio is worth $5,400 within the space of few months trading with her
My first investment with Mrs Sharon Laura gave me $24,300 and that has made me invest without the fear of losing, I got four of my friends that i referred to her and they are making profit just like me. May God bless Mrs Sharon Laura
I invested $2,500 and I made $7,450 weekly trading with her, I only trust Mrs Sharon Laura with my investment. I am now able to send kids to great school in LA, all thanks to Mrs Sharon Laura Good woman indeed ❤️
I got the obsidian card because I wanted to buy 1 million cro and stake 1 million usdc in crypto earn, the interest income on these two together is unreal not to mention the 8 percent back on spending, when this exchange moves from its current market cap to rival others in the top ten, I will reap further rewards for the investment in cro, there is no place else for those kinda returns, your cons for the card are a little reaching btw
This card is my dream card, thank you for sharing your perspective and get us to taste a piece of this dream. Hopefully in the next 2 yrs I'll get there
I have been looking to go into the 4k level, but I'm unsure how the card works completely. Are there any videos explaining the fundamentals of how the cards work, or do you have to put your faith in the coin/company and that you will "learn as you go"? Thanks again for the great content!
I have the red card even tho I could easily upgrade to icy. The reason I havent yet is because the defi wallet app from cryptocom offers bigger returns than the staking in the app. Once that is no longer the case, I will upgrade and take the larger return from the card program
@@HeythereDavehere I hear you, What I did is i only moved over about 1500$ worth of autopay to this card that is elegible for cashback, At the end of each month I top up and make sure that my minimum amount on the card a month is My bills, If I decide im going out any time within the month I top up the amount I am looking to spend at that time so I do not just have money sitting on the card. I went from Midnight blue, to the Jade Green, and now because of the pull back on cro I am SUPER close to the Rose gold! 5% cashback is going to be amazing!
Hello Dave, love your video. To be precise you have purchase limitations where you cannot earn the cashback (such as utility bills, insurance payments and some others). When Curve will be available on US I suggest you to use it with your CDC Card so you can have categorization of your expenses.
Yes some odd exclusions. I tested paying a portion of my property tax bill to see if it might have given rewards but it didn’t. I’m on the waitlist for Curve…. If they want to send me one to review I’d be glad to!
I use curve everyday and it does not make the restricted transactions to be rewarded, works exactly the same as you would pay it directly with cdc card.
@@OskarRapalski from what I understand, you could use some kind of “rewind” feature to move the transaction to a different card that does earn in the category. Still waiting for Curve in the US
@@OskarRapalski i suppose what he means is that if a transaction doesnt give xadhback, he can move it to another card that gives some kind of reward for that type of transaction
I currently have the green crypto card. I will keep staking and earning interest on my investments. I would recommend this platform to anyone. I’ve been a user since MCO was their main token. I remember staking $200 worth of MCO in order to receive my ruby red card. CRO wasn’t even worth a penny yet. Crazy
I dont have that much money to stake in, but was thinking of ruby steel first. But this video is amazing, I was actually glued to the seat every second, there are loads of info to note down and learn here. Thanks n subscribed ✌
Who's this professional everyone is talking about I always see her post on top comment on every RUclips video I watched I think I'm interested how can I get in touch with Mrs Charlotte's
I'm from Germany I used to take loan from the bank for surviver but after trading with expert Mrs Charlotte's she changed my financial status for real🇩🇪
Dave I left you a message on your X1 video. They changed the application process. Soft pull for applying and hard pull if you get approved. I got some screenshots I can send you.
Thanks Drew. I think that’s the way it was when I applied… I’ll have to watch my video again 😉 but I know I had to unfreeze my credit for a soft pull. The soft pull tells you how much you are approved for, then they do a hard pull before issuing the card.
@@HeythereDavehere I got a screenshot from a facebook group user from early on 2 months ago and a screenshot of mine this week. They changed the language when you get to the screen “by continuing..”
@@HeythereDavehere “By continuing, you agree to your Cardholder Agreement, credit score notice, and APR details.” now it says… “By continuing, you agree to your Cardholder Agreement, credit score notice, a credit pull which may affect your credit score, and APR details.”
Don’t worry, if the percentages get unsustainable or Mainstream is going wild, the rates will be reduced to stay reliable and profitable as a company. They done that in the past already… than price will rank till it stabiles. But I actually don’t see it now maybe when mainstream hits hard and over 2B people are invested in crypto. Till than enjoy 😉. Crypto has such high rates because it’s a new technology and does need a way to be attractive otherwise people would use traditional market instruments to earn passive money, but mostly all misinterpret it as a ponzy scheme. Not saying that there aren’t some out there and even big company’s turn out to be one hard to see like Wirecard. That being sayed DYOR and peace out ✌️
I just read the blurb in your chart at 3.44. That's pretty funny. The pie colors are on point too! Being sick with covid and having to watch your video slower is what let me catch it haha. Have a nice day Dave.
Dont. jade green gives 10% staking reward, moving it to the defi wallet gives you 12,34%. thats more than the stake of the card. I could upgrade to icy but I will only do that once the icy stake gives more percentage than the defi wallet does
I invest in crypto, and I get your logic, but with that return, especially on usdc, it's like you said in your video "If something is too good to be true..."
i think its just to get a lot of customers, once they outperform binance and others theyll dial back. If they got the money to pay for superbowl ads, arenas, and hollywood stars, they can give you 10% on your stable coins. They probably earn more with the stake. Banks giving out loans make upwards of 30% of your money in your account, while giving you 0.1%. These guys give you a third of their earnings and it seems incredible to the point of insanity. Once they need to improve margins, theyll cut it down, but we are still early. Other staking platforms also give returns of 12-20%, with MMF lately giving as high as 29%, so 12% is rather normal in this space.
That’s assuming your investment doesn’t drop in value? Your CRO coin could easily loose more than 12% value in a year. Of course it could also go the other way, but I always see worst case scenario
Yes, but he gets 12% on his stake and he could stake his rewards again on Defi and get 12% for it. But obviously there needs to be some point where you actually have to stop that when you have the Obsidian card.
Honestly, I don't see the point of even the 4,000 version. I can invest that four grand in a safe stock and make enough money to cover Netflix, and probably a bit more.
If only I could manufacture spend with the 8% card. But they have a $25k/mo limit. And IMO the staking benefit isn't worth it since there's defi platforms that offer higher yield (potentially higher risk).
Agree on everything you said! The 8% isn’t worth it unless you’d hold & stake that much CRO anyway. I’ve been looking into others like Anchor for staking USDC but it was kinda convoluted converting USDC to UST (at least for me in the US) and Anchor makes me a little more nervous than a company with as high of a profile as Crypto•com
CRO coin down 80% since the release of this video, meanwhile BTC held its value. Safe to safe it was closer to a ponzi. Imagine getting the 400k card just to lose 300k of value in order to get “free” prime, Netflix, Spotify, & airport lounges. Could just buy those subscriptions for a couple hundred dollars a year 😂
stake all 400k at the current 12% and ur looking at over 40k of income after canadian taxes. this doesnt include continuously increasing the amount of cro coins staked per week and the price of cro potentially growing. its a ludicrous amount of passive income and within a few years it can become the only income one will ever need.
Hey there! Fellow content creator here! Good video, I chuckled because you said 10% lol, but the DeFi world is the wild wild west, I’m invested in a project that gives 300k% I know that will break peoples brains but its defi haha
I think you are wrong...there is a 10% interest on your staked amount of CRO; as for the cashback you can simply transfer it to USDC immediately and then stake it...your CONS are not quite reasonable ;)
How are they / platform making money from the deposits? I don't believe all deposits are loaned out. With BTC crashing to 30K levels, no idea how they can keep up.
I get we’re your coming from but I’m still so bullish Chris M keeps recruiting amazing employees 😀👍 just hired Mike Warriner check his credentials 😀🚀🚀🚀🚀🚀
I could only get the red card but I bought it when it was less than double of what the CRO price is right now . Albeit it went down more as of late but still an awesome investment.
Does this card have any type of travel and purchase protection? Also I wonder if, in Dave's situation, the Morgan Stanley Amex platinum card with no annual fee will make more sense
No travel/purchase protection. Just fraud protection but even that isn’t as good as credit cards… you have to notice and report it fast. I have the Schwab Amex. To me, the Morgan Stanley “relationship” seems overly complex to get the relationship bonus
You're staking $400,000 worth of CRO. If the price of CRO goes up u can get to these milestones without even buying more.. Thats a more patient play, but if u have 10,000 coins & the price goes to $4/coin ...then u have $40,000 worth instead of current $5,000 worth
CRO is what was BNB coin at the beginning, just admit it - Love CRO and Defi app. I made quite nice profit from CRO itself and passive income from staking satblecoins.
All these stable coin high APY seems super sketchy. I keep about 30k of my USDC in BlockFi but I don't know if I trust it enough to put in more. How can they pay so high interest?
highest ive seen is 30% with a usdt/usdc liquidity pair. Basically its a bridge collecting money for every transaction coming across it, thus generating extra income from the fees.
Hi from France, i have the red card for over a year and it's great... Now i am thinking of selling my house to get the black card then retire at 38Y/Old :) LoL
Don't do it. Too much risk. If you're already at that point, you're better off selling everything for stablecoins (and UST) and stake them for like 10-20%. That's not a safe way, but at least safer when using like 5 platforms than having Obsidian card only.
I took this sign up bonux from Voskcoin and gor 25 dollar worth of cro and I put 400 dollars to be mindful and I got like 60 dollars back CRO which I sold. I think CRO is a nice investment but will do slowly
I left CRO and I just use the coinbase debit card. It’s much easier to use because I don’t have to steak and given it’s 4% back on everything I think it’s a no brainer.
Hey Dave! I’m looking to sell my initial investment of CRO to get from ruby to the next tier. Should I sell into USD or USDC? Which is less fees? I just want to sell and buy back in.
the 400 red ruby card is actually the best. yes the higher cards give 10% interest, but the defi wallet gives 12.34% as of now. I would advise using those higher percentages and only upgrading the card once the interest rates of the card would beat those of the defi wallet. thats what im currently doing
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
His trade execution quality and profiting is well structured with great financial features.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Good good content.
Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.
I've seen so many review about this man called Romero pieto who is he ?
Got the icy white card over a year ago, love it ! If CRO goes up enough, will consider the black obsidian card, they need to add more benefits for that card.
At that level, the biggest benefit is being able to stake an extra million usdc and get paid $140k/yr!
@@HeythereDavehere Not anymore 😥
@@povelectric You can still stake $2M but the APR now seems rubbish - but is it really that bad? I'll have to some sums.
We got shafted, CDC changed the rates and took away weekly CRO rewards
@@mrbombastikalime9867 I'm still getting CRO Staking rewards every Friday - are you not? If so, which card do you have?
I yolo'd into it at .19 for the Jade Green, been happy for a good while. Secure more bags when it dipped back down to .09, good times all over the place.
I got the red card during the summer of 2020. Spent $80 in CRO staking, I’ve been getting $11 a month since for spotify and my CRO reached $600 at the peak. Couldn’t have been happier
Amazing brother 😀🙏👍🥳
Don’t forget 12% weekly interest that’s $48,000 a year interest if it goes up it can be way more
That’s like almost $1000 a week interest you can sell every week ur interest and spend that on what you want every week or keep in CRO and hopefully it goes up then it’s worth probably $2,000 a week interest or More.
And ur original investment of $400,000 could be way worth $1,2M
I remember when the name of this token was MCO (Monaco) It was way cheaper to get the black card, I could't apply because they didn't deliver to my country
Yes, I remember too! Sheesh that would have been a good investment back then… but SOO high risk because MCO could have also gone to zero
Hey Dave, 1 thing to note: I was using the Indigo card to run my business expenses through there: There's a hard cap of 300 Transactions/$25K in spend cap per month.
Their cap is raised per tier, no?
@@CyanoTex Nope, I checked it. Even obsidian has $25K/Month cap
Makes sense since it’s a “consumer” card and not intended to be used as business card. I do use for business related travel but certainly good to keep in mind tho! Seriously considering upgrading to obsidian (for the 2m cap on Earn)
@@HeythereDavehere May as well milk their Earn program! 💰
@@HeythereDavehere Having this much coin in earn on the app is a risk similar to having crypto on any exchange or do they have better insurance for hacked/stolen crypto? I have the icy white and decent amt in earn but I think about it being on their exchange the whole time. thoughts?
I don't understand the confusion. In the defi world users are acting as the bank, offering loans out to users at an interest rate or fee. So the fees and interest we pay when taking out a loan is where those percentages are coming from. We're making the amounts banks typically make when they lend out our money to people.
exactly. people really underestimate how much cash banks make with your money sitting "idle" on your bank account. Returns of 30%+ (for the banks obviously) arent uncommon. Then they give you 0.05% and call it a day while inflation eats away at it. Giving you 10% and keeping the other 20% is a nice win win scenario for both sides.
I am really excited to see this video from you, because I just got into the ecosystem. I just did the $400 stake card, and I am excited about it. Gonna try and use the staking feature to invest a lot in crypto. I am excited
tbh, getting into any higher card than the 400 ruby red isnt even necessary as long as the cro defi wallet pays more interest than the card does. once it doesnt, its time to upgrade. until then I keep only 400 staked and the rest on the wallet, currently earning 12.34%
Same finally got my card now hahah
@@1wing1 once you can get the icy white card the rewards make up for the missing .34% but before you have the 40,000 it is better to have a ruby card and invest the rest like you stated.
It makes sense to me, i invest in the below penny crypto and all i need is a decimal to go down so for example i have 3,830,461.08 of shiba which at the moment is at 0.00000799 and i paid 30€ no crazy money, if that goes to 0.000015
I will have $3,159,431.00. Re-invest on xrp and cardano for the generational wealth.
I absolutely love the research and non-biased opinion. I haven't bought cro since I started staking for the Royal Indigo card, I move all my staking rewards to their defi app and stake there. It basically cost me 1200 bucks in cro value for the card. This and Cardano have been my top gainers.
When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance
Personally as a first time investor, i started trading with Mrs Sharon Laura with $1,000 now my portfolio is worth $5,400 within the space of few months trading with her
A friend that i referred to her from UK just received €9,005 profit after 14 days of trading just jealous ASF LOL
My first investment with Mrs Sharon Laura gave me $24,300 and that has made me invest without the fear of losing, I got four of my friends that i referred to her and they are making profit just like me. May God bless Mrs Sharon Laura
I invested $2,500 and I made $7,450 weekly trading with her, I only trust Mrs Sharon Laura with my investment. I am now able to send kids to great school in LA, all thanks to Mrs Sharon Laura Good woman indeed ❤️
I'm so happy 😄 my life is totally changed, I've been earning $10,250 returns from my $4,000 investment every 13 days
I'm at the 4k card, hoping for 40k! 40k seems like best bang for the buck
No, 3k is definitely the most profitable card, considering the actual risk
I got the obsidian card because I wanted to buy 1 million cro and stake 1 million usdc in crypto earn, the interest income on these two together is unreal not to mention the 8 percent back on spending, when this exchange moves from its current market cap to rival others in the top ten, I will reap further rewards for the investment in cro, there is no place else for those kinda returns, your cons for the card are a little reaching btw
This card is my dream card, thank you for sharing your perspective and get us to taste a piece of this dream. Hopefully in the next 2 yrs I'll get there
👋Dave here.. really curious what you think about this card. Black, rose gold/icy white, and indigo/green too! So much!
I have been looking to go into the 4k level, but I'm unsure how the card works completely. Are there any videos explaining the fundamentals of how the cards work, or do you have to put your faith in the coin/company and that you will "learn as you go"?
Thanks again for the great content!
The Inido/green card looks like a really good option for beginners. 3% back on everything is not bad!
I have the red card even tho I could easily upgrade to icy. The reason I havent yet is because the defi wallet app from cryptocom offers bigger returns than the staking in the app. Once that is no longer the case, I will upgrade and take the larger return from the card program
25k/month spending limit. For any tier debit card.
Yep, makes me a little nervous switching all my auto-pay stuff to this card
@@HeythereDavehere I hear you, What I did is i only moved over about 1500$ worth of autopay to this card that is elegible for cashback, At the end of each month I top up and make sure that my minimum amount on the card a month is My bills, If I decide im going out any time within the month I top up the amount I am looking to spend at that time so I do not just have money sitting on the card. I went from Midnight blue, to the Jade Green, and now because of the pull back on cro I am SUPER close to the Rose gold! 5% cashback is going to be amazing!
The icy white card seemed like the right card 👍😀
Hello Dave, love your video. To be precise you have purchase limitations where you cannot earn the cashback (such as utility bills, insurance payments and some others). When Curve will be available on US I suggest you to use it with your CDC Card so you can have categorization of your expenses.
Yes some odd exclusions. I tested paying a portion of my property tax bill to see if it might have given rewards but it didn’t. I’m on the waitlist for Curve…. If they want to send me one to review I’d be glad to!
I use curve everyday and it does not make the restricted transactions to be rewarded, works exactly the same as you would pay it directly with cdc card.
@@OskarRapalski from what I understand, you could use some kind of “rewind” feature to move the transaction to a different card that does earn in the category. Still waiting for Curve in the US
@@HeythereDavehere its called back in time, but does not matter, restricted CRO transactions remains restricted
@@OskarRapalski i suppose what he means is that if a transaction doesnt give xadhback, he can move it to another card that gives some kind of reward for that type of transaction
This is the best card
You get 12% interest
On ur stake that’s a average person’s annual salary.
Best card on the planet.
No annual fee
I've got the same card, but I'm so disappointed about their new tiered APR for over $20,000 in earn. I love everything else though.
I currently have the green crypto card. I will keep staking and earning interest on my investments. I would recommend this platform to anyone. I’ve been a user since MCO was their main token. I remember staking $200 worth of MCO in order to receive my ruby red card. CRO wasn’t even worth a penny yet. Crazy
My wife and I just both got the icy white card, can't wait till CRO moves up above $2.50 or so... We can live off the CRO interest alone!!
Lot more interesting than I expected this to be, I've been getting ads for this card forever. Thanks Dave!
You bet!
I kept seeing this card in ads. Always thought it was confusing and like you said a ponzi scheme, but you explained it well. Thanks!
I dont have that much money to stake in, but was thinking of ruby steel first. But this video is amazing, I was actually glued to the seat every second, there are loads of info to note down and learn here. Thanks n subscribed ✌
Hey! nice one Dave, thats an amazing card ! I bought the 4k card and my investment more than 10xed and got the rose gold !
I may consider the Royal Indigo tier. 3% seems great! Always a blast watching your videos, Dave.
3% is great! Appreciate it Jake
Got that one, it was amazing until an ATM decided it wants to keep it. Still waiting for my replacement.
Mrs Charlotte's is legit and her method works like magic I keep on earning every single week with her new strategy
Mrs Charlotte's is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
Who's this professional everyone is talking about I always see her post on top comment on every RUclips video I watched
I think I'm interested how can I get in touch with Mrs Charlotte's
I'm from Germany I used to take loan from the bank for surviver but after trading with expert Mrs Charlotte's she changed my financial status for real🇩🇪
Lol, she made my one dollar become a million within six months. Thank you
Lol. Fake news
The best explanation of CRO I've seen. 👍
Glad it was helpful!
Dave I left you a message on your X1 video. They changed the application process. Soft pull for applying and hard pull if you get approved. I got some screenshots I can send you.
Thanks Drew. I think that’s the way it was when I applied… I’ll have to watch my video again 😉 but I know I had to unfreeze my credit for a soft pull. The soft pull tells you how much you are approved for, then they do a hard pull before issuing the card.
@@HeythereDavehere I got a screenshot from a facebook group user from early on 2 months ago and a screenshot of mine this week. They changed the language when you get to the screen “by continuing..”
@@HeythereDavehere
“By continuing, you agree to your Cardholder Agreement, credit score notice, and APR details.”
now it says…
“By continuing, you agree to your Cardholder Agreement, credit score notice, a credit pull which may affect your credit score, and APR details.”
Don’t worry, if the percentages get unsustainable or Mainstream is going wild, the rates will be reduced to stay reliable and profitable as a company. They done that in the past already… than price will rank till it stabiles. But I actually don’t see it now maybe when mainstream hits hard and over 2B people are invested in crypto. Till than enjoy 😉. Crypto has such high rates because it’s a new technology and does need a way to be attractive otherwise people would use traditional market instruments to earn passive money, but mostly all misinterpret it as a ponzy scheme. Not saying that there aren’t some out there and even big company’s turn out to be one hard to see like Wirecard. That being sayed DYOR and peace out ✌️
I just read the blurb in your chart at 3.44. That's pretty funny. The pie colors are on point too! Being sick with covid and having to watch your video slower is what let me catch it haha. Have a nice day Dave.
Gonna upgrade to Jade Green in a month.Stupid me staked in the exchange and not the app. But have been enjoying Ruby meanwhile instead.
Dont. jade green gives 10% staking reward, moving it to the defi wallet gives you 12,34%. thats more than the stake of the card. I could upgrade to icy but I will only do that once the icy stake gives more percentage than the defi wallet does
I invest in crypto, and I get your logic, but with that return, especially on usdc, it's like you said in your video "If something is too good to be true..."
i think its just to get a lot of customers, once they outperform binance and others theyll dial back. If they got the money to pay for superbowl ads, arenas, and hollywood stars, they can give you 10% on your stable coins. They probably earn more with the stake. Banks giving out loans make upwards of 30% of your money in your account, while giving you 0.1%. These guys give you a third of their earnings and it seems incredible to the point of insanity. Once they need to improve margins, theyll cut it down, but we are still early. Other staking platforms also give returns of 12-20%, with MMF lately giving as high as 29%, so 12% is rather normal in this space.
That’s assuming your investment doesn’t drop in value? Your CRO coin could easily loose more than 12% value in a year. Of course it could also go the other way, but I always see worst case scenario
Yes, but he gets 12% on his stake and he could stake his rewards again on Defi and get 12% for it. But obviously there needs to be some point where you actually have to stop that when you have the Obsidian card.
Wait until you explore their true Defi platform on the Cronos Blockchain🔥👌
When you find out how important cro is for transactions on the defi app you might see how valuable it is.
to be fair, the transaction costs are so low, you could power it from cashback cros alone
Honestly, I don't see the point of even the 4,000 version. I can invest that four grand in a safe stock and make enough money to cover Netflix, and probably a bit more.
only 2 mins in the video staking is like an investment it's not a fee well technically
So you're not sure if they're legit but you put 40k into their native coin? Smart
I’ve got the blue card. Gonna get the next level soon for sure
It cost 50 dollars to upgrade to the new card to get the new rewards. Don't forget this.
Free Netflix would be great now since they are raising rates.
Amazing video, exstreme production quality. The RUclips algorithm is broken.
If only I could manufacture spend with the 8% card. But they have a $25k/mo limit. And IMO the staking benefit isn't worth it since there's defi platforms that offer higher yield (potentially higher risk).
Agree on everything you said! The 8% isn’t worth it unless you’d hold & stake that much CRO anyway. I’ve been looking into others like Anchor for staking USDC but it was kinda convoluted converting USDC to UST (at least for me in the US) and Anchor makes me a little more nervous than a company with as high of a profile as Crypto•com
Took a shot every time he sayed penzi scheme
Honestly the only reason I’d work my way up to the obsidian, because of the earn program that’s the excitement
CRO coin down 80% since the release of this video, meanwhile BTC held its value. Safe to safe it was closer to a ponzi. Imagine getting the 400k card just to lose 300k of value in order to get “free” prime, Netflix, Spotify, & airport lounges. Could just buy those subscriptions for a couple hundred dollars a year 😂
Dude I just hope that isn’t a Ponzi scheme
stake all 400k at the current 12% and ur looking at over 40k of income after canadian taxes.
this doesnt include continuously increasing the amount of cro coins staked per week and the price of cro potentially growing.
its a ludicrous amount of passive income and within a few years it can become the only income one will ever need.
I read your template for the "not to scale" crypto pie chart! Definitely seems to blend in but still readable
Read the fine print by the pie chart! Do I get sent crypto now? 👀 Great vid, cheers!
I tried to figure out a way to give a a limited edition coin but ETH gas is so high! Maybe Binance?
How much of that 8% is leftover after paying a tax accountant to figure out how to report all those crypto transactions?
That could be a problem
cryptocom released a tax program. Just put in your country, connect it to your app and have it be figured out automatically :)
im working on this.. i will get it one day :D
Hey there! Fellow content creator here! Good video, I chuckled because you said 10% lol, but the DeFi world is the wild wild west, I’m invested in a project that gives 300k% I know that will break peoples brains but its defi haha
Are you gonna do a drop test and weight comparison video on it? 😁
I think you are wrong...there is a 10% interest on your staked amount of CRO; as for the cashback you can simply transfer it to USDC immediately and then stake it...your CONS are not quite reasonable ;)
You need money to make money. Its that simple 👀
It Has a LIMITS ON CASHBACK, dosent matter witch card you chose all of them are limited to give you % of spendings a month.
How are they / platform making money from the deposits? I don't believe all deposits are loaned out. With BTC crashing to 30K levels, no idea how they can keep up.
great video , here a question for ya , what is the monthly / yearly spending limit on the 40k card ??
Hi Dave the interest on those BTC etc programs are only open to certain countries and not most european countries and UK
not true. Most european countries work with these programmes.
Great video Dave! This all makes sense now.
for me the best is Binance card, you can transfer coins to fund the card in and out.
CRO has the same feature but isn't limited that much for cashback
hahaha love the filler in the template on the pie chart screen. great vid as usual! thanks a lot
Appreciate it! And appreciate your attention to detail 😉
I love my Jade Green Card and its even slowly replaced my AMEX gold card rven for dining and groceries.
Makes me a little nervous why are they able to offer such high returns. I know it’s defi but man I get nervous
I get we’re your coming from but I’m still so bullish Chris M keeps recruiting amazing employees 😀👍 just hired Mike Warriner check his credentials 😀🚀🚀🚀🚀🚀
I could only get the red card but I bought it when it was less than double of what the CRO price is right now . Albeit it went down more as of late but still an awesome investment.
It's unclear when CRO deposits are pulled out prior to 3Month, how the weekly payouts on stablecoins get worked out?
Does this card have any type of travel and purchase protection? Also I wonder if, in Dave's situation, the Morgan Stanley Amex platinum card with no annual fee will make more sense
No travel/purchase protection. Just fraud protection but even that isn’t as good as credit cards… you have to notice and report it fast. I have the Schwab Amex. To me, the Morgan Stanley “relationship” seems overly complex to get the relationship bonus
Great quality video, I own the Jade green :)
How do they finance this ?
Its Its not everything you earn nothing on fuel
You're staking $400,000 worth of CRO. If the price of CRO goes up u can get to these milestones without even buying more.. Thats a more patient play, but if u have 10,000 coins & the price goes to $4/coin ...then u have $40,000 worth instead of current $5,000 worth
CRO is what was BNB coin at the beginning, just admit it - Love CRO and Defi app. I made quite nice profit from CRO itself and passive income from staking satblecoins.
It looks like they dropped their USDC rate from 14% to 10% since this video was published 2 months ago.
All these stable coin high APY seems super sketchy. I keep about 30k of my USDC in BlockFi but I don't know if I trust it enough to put in more. How can they pay so high interest?
highest ive seen is 30% with a usdt/usdc liquidity pair. Basically its a bridge collecting money for every transaction coming across it, thus generating extra income from the fees.
I ‘member when CRO was MCO (Monaco) those were the days.
Hi from France, i have the red card for over a year and it's great... Now i am thinking of selling my house to get the black card then retire at 38Y/Old :) LoL
Don't do it. Too much risk. If you're already at that point, you're better off selling everything for stablecoins (and UST) and stake them for like 10-20%. That's not a safe way, but at least safer when using like 5 platforms than having Obsidian card only.
Thanks for that Dave
Thanks, very clear information
Can a business spending £1 million a year on fuel use this card to get all the rewards?
Hi Dave, what do you think about Eidoo Cards (up to 16% cashback in crypto)?
I took this sign up bonux from Voskcoin and gor 25 dollar worth of cro and I put 400 dollars to be mindful and I got like 60 dollars back CRO which I sold. I think CRO is a nice investment but will do slowly
Thats amazing !!! But atm it would need 1.000.000 of CRO to get this card …… not affordable for a normal guy
Honestly chuckled at the "0.0 percent" line.
It’s TRUE!
Top notch content as always Dave! Hope you are doing well
I left CRO and I just use the coinbase debit card. It’s much easier to use because I don’t have to steak and given it’s 4% back on everything I think it’s a no brainer.
Exactly
Makes sense, if only cashback is what you’re after.
Nice. Now I'm interested
When upgrading tiers, does the card number change? Am I going to have to change autopays everytime I upgrade? Thanks.
Yes you'll get a brand new card when you upgrade
Hey Dave! I’m looking to sell my initial investment of CRO to get from ruby to the next tier. Should I sell into USD or USDC? Which is less fees? I just want to sell and buy back in.
No amount of bonuses are going to make up for the $400k you lose half of when cro goes down
Bro why not stake in Anchor Protocol and get 19.5% on your stablecoins
Thank you so much for this video.
Ooo you have a dog! ♥♥♥
can you explain more of the 12% on the stake cro
Hi Dave, where can I find video of your 1 million earn?
Loving the Icy White so far.
i got the cheap one
the 400 red ruby card is actually the best. yes the higher cards give 10% interest, but the defi wallet gives 12.34% as of now. I would advise using those higher percentages and only upgrading the card once the interest rates of the card would beat those of the defi wallet. thats what im currently doing
You stake it for 180 days and get back what you staked, isn't like this?