It makes sense to lay off, it doesn’t make sense to hide it.
It makes sense in the way that it’s like modern startup works. They hire thinking that more people = better/faster solution and then discover that’s not true or they calculate that it costs too much.
Every time that I see new comments in the thread, it’s getting clear that the company will shut down sonner than later
It does not look good indeed.
But, they have masses of ETH from their ICO back in 2011 (?), i doubt that they used all the cash already. Still i think we will see a termination on all the sponsored events next (World Cup & Formula 1).
I read the CEO’s career path and it’s a mess.
It’s crazy how many people trusted this guy that had failure after failure in his career
I happy to be out (with lost but its a bearmarket, so can still recover somewhere else).
My last 20euro on the CC are safe 
wait till you read about the USDT guy…
shitty article to be honest.
“one reddit user”, “a player said the name is weird”…
It seems someone had an idea and looked for reasons to fill an article.
The company might be in truble, but that article is fluff.
While I agree that they spend way too much money on marketing, the rest is common knowledge and applies to most crypto/tech companies in this bear market. The price of CRO has actually been pretty stable since June and correlates more or less with BTC
speaking of disasters, they are going to add fees on non EUR and GBP transactions…
I think I will stop using it even for Netflix.
To me it seems to be basically dead. Goodbye 3.5k eur…
I wonder if I have to cash out the few eur left of that or wait to lose all or get some more.
Yeah same here, the foreign fees are the last nail in the coffin. I will spend the remaining cash that I have on it and start using Revolut again (which btw also announced introduction of top up fees on all Swiss CCs)
Do you cash out the stake? I’m losing atm
I’m down 25k, so no, I’ll keep them around until the next bull market and then cash out.
2 posts were merged into an existing topic: All about Revolut
Isn’t this the sunk cost falacy?
You are down 25k but still have 10k in.
Wouldn’t it be better to take the 10k and invest it into something better?
Money is fluid so you can make those 25k back from other sources other than CRO.
Being down x amount doesn’t justify keeping a bad investment.
Just wanted to add my 0.02€ and some perspective
I thought the same of my SPXU bag that I eventually sold at some loss, would have recovered nicely this year.
Right now I don’t see opportunities with better/quicker recovery chances, so hodl it is.
so, why not throw another 10k / 35k in the bucket then? 
FWIW I just sold my Jade stake and turned it into cash. Sunk cost fallacy made it a harder decision than I thought.
It was less than 500 CHF because I conveniently restaked close to the ATH but since all I use on a regular basis is Spotify and Lounge access doesn’t require a stake I figured it’s better to sell now than to wait until Spotify and Netflix are effectively nixed in three months.
I wonder how much will it cost the issue of a new card. Anyone saw it written somewhere?
Still keeping my card 