Last night, as I saw the price of crypto currencies swirl down the toilet, I took advantage and started buying MCO, which I previously mentioned. I bought more with each drop in price until I ran out of money. I used every reserve I could access. I still have some money stashed that wouldn't transfer on time. My only hope was that prices would hold until morning, payday.
This morning, prices weren't that much higher than the low from last night. I waffled a bit. The purchase is a bit out of my comfort zone. However, it is unlikely that I will see another drop in the market like last night. Possible, yes. However, I think unlikely. By not taking advantage of the new low, I could expect to pay many multiples for the same thing. I took the plunge.
Now I am waiting for Crypto.com to process my debit card upgrade from Ruby Steel to Royal Indigo. It should take the new debit card about a week to arrive. Unfortunately, Crypto.com disables your existing debit card until the new one arrives. Hopefully I can buy a couple beers before it is disabled.
To recap the benefits, earned interest on the 500 MCO stake. 3% back in MCO with every purchase, reimbursement for Netflix and Spotify in MCO, airport lounge access, and higher interest rates on deposits. That last one was the biggest motivator. Crypto.com currently has up to 12% interest on stablecoins. That's an insanely good return in this market that is talking about the possibility of negative bank rates. That's even better than my credit union.
More adventures ahead.
Posted via Steemleo