CRO Portfolio Update For 2021-04-07

CRO took a dip to 0.1819 from about 0.22, this morning. I fast forwarded my dollar cost average purchase, which would have happened Friday, to today. That is $150 more of CRO, which rounded to 800 tokens. That brings my available CRO to 920.24. This balance changes daily with CRO cash back rewards from purchases with the debit card and other rewards.

I also have 19,645 CRO staked for the Royal Indigo debit card. This is paying out 10% interest in CRO. This is approximately 37 CRO per week.

As of this morning, the Crypto.com DeFi wallet has approximately 15,126 CRO staked. This yields approximately 30% interest, which I have been pulling out and restaking daily. I may need to change this to once per week. This would yield approximately 90 CRO per week.

When the CRO app wallet reaches 1000 CRO, I transfer it to the DeFi wallet for staking. So, I'm 80 CRO away from that move, leaving my liquid CRO at zero again.

My total CRO holdings are 35,691 tokens. Most of it is not liquid. Every 0.01 CRO gain equates to $100 in gains per 10,000 tokens. Therefore, a 0.01 gain or loss changes the value by $350. Pumps and drops are exhilarating.

The overall CRO plan is to accumulate as much as possible to reach the next card, the Icy White, which requires staking $40,000 worth of CRO. The card has some nice benefits such is higher interest and greater cash back rewards. However, the more important issue is that the higher stake pays 12% interest and an additional 2% interest on other cryptos that are paid in CRO.

Regarding the 12% interest on $40K, that works out to approximately $92 in CRO every week. This is the main driver to reach the Icy White staking level. This can be done by taking advantage of dips and possibly some price appreciation. For example, by accumulating 40,000 CRO, I would need a price of $1 to qualify. If I hold 80,000 CRO, that goes to $0.50. At 160,000 CRO, I would need a price of $0.25 to qualify. Therefore, it is in my interest to accumulate as much CRO as possible to amplify any gains from appreciation.

Regarding the extra interest, let's say, for example, that I have BTC deposited to earn 6% interest. I would receive 6% in BTC and an additional 2% in CRO on that BTC deposit. With something like this in place, it then makes sense to pivot and start building stakes in other cryptos. CRO would self-fund. My paycheck can fund the rest of the savings buys. It is compounding madness.

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