Can Cronos (CRO) token price hit $1.60?

Can CRO cryptocurrency token by ever hit $1.60? This would depend on a couple of factors, most importantly needs to survive the bear / winter market

I am not delusional or high on hopium.

We are in a winter and bear market, one of the most brutal one ever.

More importantly, as long as did not do any funny money games or engineering like how 3AC, Celcius, FTX did, they should be overall okay. In fact, if they survive and keep at their pace of

  • continuing to do the job of pushing for crypto mainstream
  • continue to push for legislation and regulation at the forefront
  • continue to be faithful to the basic of introducing and managing crypto purchases for retail
  • continue to build good products for new and current users
  • continue to advertise, advocate and build the business

they should be more than fine.

This is the basics.

Bull market for crypto

This is easier said than done, crypto is very tied to equities market. In fact, I liken them very closely to growth / tech stocks similar to

  • Facebook
  • Google
  • Zoom
  • Netflix
  • etc

These kind of growth / tech stocks take a very brutal beating when it comes to winter / bear markets, and conversely, tends to rocket during bullish markets and sentiments.

So…when bullish markets?

The degen will call this “wen lambo?”.

Some speculate that bitcoin and crypto rally will happen during the next BTC halving, but I doubt it. MAJORITY of Bitcoin is already mined (19 million out of 21 million mined).

I’m betting that bullish market is when cheap or free money is available in the market. Ie, interest rates needs to go low for cheap and free money to enter all equities, growth stocks…and crypto.

I dont have a crystal ball, but we can look back at history: most financial depressions recover within 1-2 years. The only macro-economic stuff that may throw a wrench and delay or convolute stuff are:

  • Russia’s Putin annoying invasion into sovereign Ukraine
  • China’s stance on Taiwan, and if they invade Taiwan
  • other major events

That’s the only uncertainty.

Other than that, I was certain that post-COVID, the world would want to catch up to normal life, other than Russia’s Putin deciding to invade their neighbour. So, we now wait for Russia to be totally defeated, withdraw entire and/or Putin’s death.

200M Cronos (CRO) coin quietly burned by on 14th November 2022

Update: this is NOT a burn. It’s a bridging of ERC20 CRO to CRONOS, but seemed as a burn. Sorry guys

Bitcoin price $500K in 2026 and $1M in 2030?

Carrie Woods predicts Bitcoin prices as

  • $500,000 each by year 2026
  • $1,000,000 each by year 2030

2026 isnt that far, and 2030 too.

Maybe that’s why she and ARK Innovations has been so bullish recently, buying loads of CoinBase shares (COIN) and Grayscale’s BTC (GBTC) close to $300M worth. She mentioned that they’re underpriced, so they locked in an amount for now

What does this mean for me?

Eh, it’s a “nice to know”, but nothing changes for now: I just keep

  • working at my main business and side hustles
  • spend time with people I like and care about
  • doing stuff I like and enjoy

I’ve shared this earlier, that

  • 75% of my investments are “boring” dividend stocks and indices
  • and “only” 25% are in high-risk-high-return-potential growth stocks and crypto

I’m just waiting to hit my sell price

And I’ll take out more profits, leaving some more to run

My target? At least $500K per Bitcoin.

Once Bitcoin hits that figure, my low caps would also have a good run, and I can take out profits from those too, together with my paltry BTC lol.

Where would my crypto profits go?

Into the boring dividend stocks and index funds bruh, nothing sexy — same old same old, keep doing

  • working at my main business and side hustles
  • spend time with people I like and care about
  • doing stuff I like and enjoy

ARK’s Cathie Wood bullish on crypto: buys Coinbase and GBTC and what this means for you

Cathie Wood is seriously bullish on COIN and BTC

As of today 27th December 2022, ARK Innovation holds / invested

  • 5.8 million COIN shares (worth $205 million)
  • 6.4 million GBTC shares (worth $53 million)

These amounts aint small, but they aint chump change either.

That’s serious money and some serious investing chutzpah.

Cathie Wood alleges that BTC will reach $1M in value per Bitcoin by year 2030.

What does this mean to me and you?

The thing to understand is what is Cathie Wood and ARK Innovation’s investment theory / philosophy — it’s unlikely they invested in COIN and GBTC at whim.

They assessed and judged that the potential reward for investing (or speculating) into GBTC and COIN shares will payoff once they reach the the bull market again, and poured money into those.

Myself, my investment thesis and philosophy is

  1. Active cash paying business or job to pay the bills and with the extra:
  2. 75% into boring, cash paying dividend stocks and/or index funds
  3. 25% into higher-risk-higher-return projects such as selected blockchain / crypto projects

#3 is where I’m banking on “life changing wealth”

Some people call it “wife-changing wealth” lol, but I’m pretty happy with my current wife and family, and prefer not to change them at all. I’d rather die with and for them.

My thesis in speculating/investing in cryptocurrency is that

  1. selected crypto/blockchain projects will revolutionize specific niches in the world
  2. bitcoin is likely here to stay as money continue to be printed enmasse, more and more people AND institutions of wealth and finance will also help process the cryptocurrency holdings of THEIR clients, who want a slice of crypto, be it Bitcoin, Ethereum and top 10, 20, or top 100 crypto projects
  3. at later stages “every rich dude or dudette” will want to own at least one bitcoin
  4. I’m okay to lose that 25%. It IS high-risk-high-return, which is why for my wealth manifesto to work, I will keep working and keep investing 75% into boring stuff

Get rich fellas.

Can Tipsycoin project go up 500%?

In full disclosure, I speculate and own $tipsycoin, which is a blockchain NFT gaming project that started from my home base in Singapore. I’ve met the founder too, so it’s not a project whom I do not know the founder / team, that’d make the project a little closer to my heart.

Dont get me wrong, blockchain projects are still risky and speculative, so it may go belly up….BUT I’m holding onto my $tipsycoins and let it run to as high as possible.

This project is a low cap token project that I’m betting on.

The original project started using minecraft, but now they’re working on a larger world project, called Gates of Abyss, which is a location based RPG game. Kinda like pokemon and a couple of other games I had played before, and it’s both nice and interesting, because it’s geographical and communal.

Stake for $gin

If you have bought sufficient $tipsycoins, you can also stake them for $gin dollars, which is used in the Gates of Abyss games to buy equipment, upgrade stuff…and get this: you can use it to also cash out to real world dollars and trade them for cryptocurrency, which is nice to have.

Key for success

The key for them to work, revolves around one key point: stickiness, replayability and community; which in one word, is about having players come on board, stick around and play again and again. If they can do that, then the project would have higher chance of success.

Check their price here on coingecko. Their current price is $0.00004655, and even if they 500x, that’s “only” $0.023275 for one $tipsycoin. Quite modest to only need to aim for 2.3c for 500x. 

Some nice tokenomics:

  • max supply of 100 billion $tipsycpons, and no more will ever be created
  • sell-only tax of 10%, of which 4% goes back to existing holders, 4% buyback for the tipsyvault and 2% to fund the project (ie free passive tokens for you whenever someone sells)
  • limited buy-sell transaction of max 500 million per transaction, to prevent whales from eating up all the supply

You’ll need a plan (and stick to it!) to have money and retire early

If you fail to plan, you plan to fail.

A man…a plan…profit!!

Well, that’s oversimplying things very broadly…but there’s some elements of truths in there if you want to

  • get rich
  • retire early
  • and do shit you love

There’s one big missing segment there though, which is “do-do-do-refine-reinvest”, so it looks more like this

  1. Plan
  2. Do-do-do
  3. Refine
  4. Reinvest

But today, I’m only gonna talk about the Plan part.

Importance of planning

To be effective and maximize potential, you will need to have a plan and work towards the goal and mission. For example, my personal and’s goal, to build as much passive income streams as possible. The question is to know or find out what is relevant OR NOT.

Planning is about what steps you need to take to reach the goals you want, what possible challenges and problems to anticipate and overcome, how to use your resources (skills, finance, time and opportunities) to reach the goal you want. Planning involves analysis of resources and trends, predicting emerging markets and future demands.

Basically, a goal is where YOU want to be at a certain time and the plan provides the roadmap and directions how you’re getting there.

That’s the reason why there’s the famous slogan “if you fail to plan, you plan to fail” – planning is a basic, basic, basic part of achieving any outcome you desire. It’s the blueprint that will organize, direct and guide your decision making.

For example if I set a goal to build passive income of $10,000.00 a month by 50 years old, and that’d be my guide to think and pick passive income investments and businesses from now (40 years old) till I’m 50.

Planning as a qualifying (and commitment) filter

Planning works as a filter for people to determine

  • level of commitment they can commit to the plan and outcome
  • flexibility and hunger to grow, learn and refine
  • patience to see the plan through
  • your decision making ability will show as well…

Basically, once you start planning and putting your ideas to paper, it’d show if your ideas are good or not, if it’s realistic or not…or if you’re committed, or not.

Kinda like getting and staying happily in love and married.

A lot of people jump from marriage to marriage or relationship to relationship at the first sign of trouble, because they want things easy; and they’re not ready or mature enough to work through hurdles along the way. There is no such thing as walk-in-the-park with no problems. I say this specificly to the people I’d met who wanted to work with me, but quickly threw me under the bus when we hit some road bumps. Aka “it’s always someone elses fault or problem”.

It was painful then, but those were great lessons for me in filtering and choosing people who are worthy, but also, qualified my goals and dreams.

My $10,000/month passive income goal

The number that I pulled up for $10,000/month passive income as my goal, isn’t an arbritary number. I went to the drawing board to determine and decide what’s my expenses, and additional buffers.

At this point in time, my family monthly expenses are crossing $14K/month, but that’s including mortgage and insurance, which will taper off after about 10 years. Personally we do not spend more than $6-7K/month right now, but that amount may change as the kids grow older so we buffered out mortgage/insurance and buffered in additional spending as we and kids grow older.

I calculated my financial independence based on 45 if all the ducks line up well for my high-risk-high-return investments; but failing which (or delayed), then the steady business and dividend stocks will (must!) achieve my passive income goal for me by 50.

And the way I’m doing it is:

  1. earn more**
  2. save more
  3. invest 75% of savings into dividend stocks; 25% into high-risk-high-return stuff

That’s it.

I spend most time at the ** earning more phase, because there is no limit as to how much any business or entrepreneurship ventures can earn, And keep looking for better and better solutions that can serve my passive income goals.

How bout you? What’s your plan?

$10 investments anyone can and MUST afford (Part 1)

I allocate 80% of my savings into stable passive income cash paying assets such as dividend stocks, but I allocate 20% to higher risk higher return stuff.

Many of these high-risk-high-return stuff can be affordable to speculate / invest in


I’ve been speculating into blockchain projects such as Bitcoin and Ethereum since 2017; and it can be very volatile. The nice thing about crypto is that you can buy in fractions.

For example, as of today, Ethereum is about USD $1,200 for an entire ETH, BUT you can own 0.01 of ETH at $12 as well, and slowly work your way up to buying more ETH over a period of time.

I use app as my main crypto platform because it’s so convenient when it’s on my phone. It takes time to register and for them to do KYC (know your customer) process, so register there as soon as you can.


I mentioned earlier that 80% of my savings are invested into passive income assets such as dividend stocks, and you can also purchase fractional stocks from your stock broker.

As I’m kinda lazy, I still use my traditional stock broker Lim & Tan =)

Domain names

This…is a painful area for me, because sometimes I want a specific domain name and someone has bought it and is squatting on it, and even trying to make me spend thousands of dollars for it. Do you know how much a domain name cost to buy?

If it’s from a standard registrar, you can buy one for about $10 bucks man…but a very popular wanted domain name, it can fetch a pretty penny.

How much?‘s $12M domain name purchase is an anomaly of course, but you can see how entrepreneurs and businesses can be willing to spend a good shiny penny on a good domain name.

Of course…you need to be good at picking potential buyable domain names, which can be hard. I use this platform to purchase my domain names.

Rich dad’s #1 lesson that made me $1,000,000+ (will make you rich)

I stumbled upon Robert Kiyosaki’s Rich Dad Poor Dad book in my 2nd year of my occupational therapy diploma studies, when I was in Ratna’s place doing group work or some assignment. Somehow, I just saw it and it stood out to me. Without thinking, I immediately blurted out to her if I could borrow it from her, and she graciously said okay.

That was the beginning of a money change in my life.

You see, I grew up in a poor to middle class family, and I dont tire of telling this story. I have very loving parents and siblings, and we love each other. But I remember growing up seeing my parents fight over money, there was so much money stresses and strain. My dad would loan money to pay for stuff, but we manage by. There was not much money talks, so watching them was sort of front-row seats of my learning.

In school, I realized I too started borrowing money from my friends whenever the month-end was too far away, and that happened almost every month (thanks Pei Fen and Julia) for helping me all those years. I was embarrassed to have done that, but I realized it’s something

Monkey see monkey do

Rich dad’s #1 lesson that changed my life

It’s just “an” idea, that assets put money into my pocket or bank account. So, the natural conclusion is that I need more and more assets to put in more and more money into my pockets. The simplicity worked for my simple brain, especially when financial intelligence was a new concept to me.

Robert then expanded that point, on how he went into entrepreneurship because he’s not super smart to become a doctor (I could relate to that), and not talented enough to become a highly paid actor or entertainer (well…dang, me too). So it’s entrepreneurship for me too, which led me to start my entrepreneurship journey.

First, as a freelancer, then as an agency owner, then a clinic, then a clinic chain.

This allowed me to

Earn more

Earning more has always been helpful.

It’s a stark difference of earning $2000/month (and taking home $1700+) as opposed to my first month as freelancer where I took home $4800. I will NEVER forget that feeling of amazement, disbelief, and this sense of hope. I knew that if I could do it once, I can do it again and again.

Then I leveled up, instead of just earning $5K/month freelancing as a freelance therapist, what happened if we opened our own clinic? We didnt have the skills or knowhow, but we were willing to learn, and then we started earning $10-20K+/month, with a clinic. Then multiplied again when we had people joining us. Then multiplied again when we have 2, 3…and more clinics.


Robert was (still is) very big into

  • real estate
  • teaching and intellectual property books / boardgames
  • precious metals such as silver and gold
  • and more recently, cryptocurrency

He taught me broadly about the idea of investing, and after we started earning more, we started to look at what and how we can do more when it comes to investing and working our hard earned monies even harder. This is a skill that I’m improving and honing everyday, on top of running and growing my businesses.

I’ve since gone for other courses and books and courses, but I wont forget this very first book. I still pick it up once in a while, and it’s a great gift to give.

FTX Exchange BANKRUPT (what happened?)

Over last week (week of 10th November 2022), there was a series of twitter spat between Binance’s founder CZ and FTX’s founder Sam Bankman-Fried (SBF), and then there was a strong signal by CZ saying they’re gonna sell off all the FTT tokens they have to derisk. FTX offered to buy those tokens over-the-counter (OTC), but Binance declined.

Market panicked

The market panicked, and FTT holders rushed to sell their tokens. During this time, SBF tweeted that “a competitor trying to attack them, and that FTX and their assets are fine”…and a few days later, withdrawals halted and it spiraled into liquidation after a short 1-day of Binance doing due diligence to potentially buy them out, but when that failed, FTX applied for bankruptcy protection.

Truth to be told, I also almost bought into their tokens when it was around $30s-40s range, but somehow that didnt happen.

SBF was in Bahamas.

That event was intense, and caused the entire crypto market to have diarrhea, all was sea of red, because, I think, that FTX is the golden poster boy of crypto-financial institutions, with lots of investments from big boys such as Sequioa and Temasek even. For FTX to fall, it was a big thing, shocking.

But let’s not be naive.

FTX wrong moves

From what I read and understand, FTX did some less-than-optimal moves, such as

  • taking a loan on their FTT tokens (collateralizing tokens, risk of margin calls if token drop in price)
  • loaned FTX and company funds to Almeda to trade (risk of trading losses)
  • fractal practice: had 900M in assets but loans of more than $9B

It was a disaster waiting to happen, and boy, did that disaster sweep FTX and the crypto world. In just a series of days, FTX is bankrupt and undergoing liquidation, SBF tried to flee to Dubai but was apprehended, “hacks” of ftx website causing money to disappear, and sudden printing of more FTT tokens that was sent to centralized exchanges.

That was popcorn-level-fascinating but wrong on so many levels. So many people lost their hard earned money, savings and investments, but it’s not good at all.

  • Where is the accountability?
  • Where is the moral high ground?
  • Where and how can the people trust crypto more and more?
  • Where is good leadership?

It’s no wonder CDC’s CEO kept saying that this event has hurt the user’s confidence of crypto, and that everyone has to play a role to win that trust back. This isn’t right, and yes, I’m not naive – these kind of games happen all the time in corporate board rooms, and even I’ve seen a couple of such circus clowns with my own eyes.

The good thing from this?

  1. Expose and removal of bad actors from the system. Call it a purge, but let those that should be purged out, be purged out, and decrease the contagion. There is so much potential in blockchain and crypto space.
  2. Focus on important things such as building important and good useful products and projects that the marketplace and people want
  3. Happened during a bear market, so there’s less damage potentially as compared to height and euphoria of bull market’s CEO addresses FUD on their platform, finances and token’s CEO Kris Marszalek had a AMA (ask me anything) session today, November 14th, 2022, to address and kill all those unsubstantiated fears around’s solvency, bank run, users etc.

Will fall like FTX’s recent bankruptcy?

CDC very different from FTX: CDC is provides a service of bringing crypto to retail and get paid for that service (50 basis points). FTX is linked on a sister trading company so there is trading risks invovled.

Proof of reserve

Proof of reserve is being worked on with audit, it takes time due to the scale. Kris wants to have it faster as well, but it just takes time. It is a very positive development where exchanges are working to show their proof of assets, and push that this will be part of regulatory / law, because not every company does or practice this.

20% reserves in SHIB?

Friday CDC released cold wallet addresses, 20% in SHIB. Kris: it’s 1-to-1 reserve, and last year (2021), there was a demand of SHIB and Doge, so lots of people bought and didnt sell. It’s a reflection of client’s funds, not CDC’s funds.

Did CDC stop withdrawals?

Not true, it’s business as usual but there’s heightened levels of activities, be it withdrawals or deposits. Withdrawals are working and will always be working – this is absolutely fundamental. Go to and you can see if withdrawal is working or not. 3 coins are hold for now, GALA, FTX and RAY. The ones related to FTX will be removed for now.

Influencers on Twitter are saying that CDC is in financial trouble.

These people have been around, and we’ll just do business as usual. It’s not quite right (it’s bad) baseless allegations. CDC has 1-to-1 reserves and have healthy balance sheet.

CDC have exposure to LUNA?

Zero exposure to Luna because CDC is conservative. CDC does NOT lend to third parties, which is what tends to lead to falls such as BlockFi and Celsius. No exposure to UST as well because when we looked at it, we’re concerned that it’s not sustainable and we’d rather be conservative.

$1B sent to FTX?

This was done over a year and most were recovered. FTX were our liquidity partner which coins CDC do not carry, and it’s mainly done as a brokerage. Eg when clients buy crypto on our app, we have a few buyer we can buy from, we choose the lowest cost so that we can pass the savings to the customer. (Nigel: This means we dont carry stock – very lean of doing business)

Explain hedging.

Kris: strategicly, CDC continues to grow and increase liquidity to decrease reliance on other places / third party. CDC tries to get best possible price and liquidity. CDC app and exchange

Does CDC lend funds externally and use CRO as collateral? Like FTX did with FTT token

No, this will never be done. We burnt 70% of our tokens, and we do a simple business of introducing digital assets and cryptocurrency to retail investors and CDC focus on that.

CDC has more assets than liabilities?

This is partial information, every other exchange released assets first, using Nansen, as that was fastest. Whenever you need to bring in external companies, that will take more time. 1-to-1 reserve coverage will show when the audited report comes up. Tremendously robust balance sheet: never needed to raise funds then and in future, which helps with fluctuations.

CDC supports DeFi as its “true crypto ethos”.

It’s basic human right; CDC invested a lot to build the DeFi crypto wallet. There’s more than 400 projects building on cronos ecosystem and they will continue to develop and give back to the crypto system. Will be as open-sourced and transparent as much as possible, which shows their commitment to crypto/blockchain.

How does CDC Earn program generate yields?

It’s a rewards program to reward users, and we do not consider lending yields to make it juicier. This is very important, as once it hits a certain size, we had to cut back the rewards. No one was happy about it, but CDC had to act responsibly, to have a positive cashflow business. This is how we view risk and manage platforms.

How CDC afford marketing with this revenue?

UFC, stadium renaming, world cup sponsorship. Our deals are 10 years, 20 years deal, and we pay a small portion of this long term commitment every year. This is part of our commitment to build a sustainable business. It costs us 10% of our revenue per year. It looks big when you look at a 10-20 years, but when you break it down to a yearly investment, it’s good. It wouldnt be possible for CDC to grow without investing into brand awareness, which also helps to bring awareness to this industry not just for ourselves.

What’s your expectations about future and where do you see CDC in 5 years?

Everyone has to think about how to restore trust in crypto. It will need everyone’s input – everyone has to continue to be a trusted player, fully transparent so we can provide a place that is stable and secure for CDC’s users.

If you extrapolate to 5 years, I think the industry will comeback stronger than ever though it’s painful now, from the removal of bad actors from the industry. I want everyone to understand that restoring the faith in this space will take time and effort.

Bear markets are good for one thing: really building. There is no hype, you can build stuff that clients want, you can have better market fit – these are great atmosphere for creating breakthrough products especially in the next cycle of adoption. I think its going to be fine, I remain positive for the future. If you think about the possibility, we’ve barely scraped the surface.

I want to see a social network that’d come out of this, to be able to manage 1B users. Keep the faith, stay strong. People who were here in the depth of winter in 2018, 2019 – if you want to have outcomes, you need to have commitment and conviction especially in this place.

Will you improve rewards?

We’d love to give it back, but it needs to balance the revenues from the core business. We can have better rewards when the market improves. As long as it makes sense from a sustainability perspective.

What happened with the $400M moved incorrectly?

Every single address that the system allows for transactions are whitelisted and approved, it cannot be simply sent to places where we cannot get the funds back from – no, we could because it’s was possible. At no time, the funds was at risk to be sent someplace where we cannot get it back.

We build the system such that to eliminate risks, and after such an incident, we’ve further improved the system to prevent. It happened more than 3 weeks ago – it’s got nothing to do with gate’s proof of reserves or FTX. We’re improving and fixing stuff every single day. The system wont allow us to send funds someplace we cant get back

Will we see CDC at world cup 2022?

Of course. There’s gonna be at least 5 billion people watching the game. It serves to raise of awareness, and maybe it can help tiny bit with issue of trust. I’m looking forward to it. I think it’d be a great tournament, and I hope that it’d help us relax a little and not worry about the collapse. I hope you all have a good time, and we have something in store that we will announce to you later.


Thank you community for your support, I see you backing us up on Twitter and social networks where others are throwing baseless allegations and speculate. It’s good to know this community is tight and understands how we operate. I’m thankful that the community can see how we work, I appreciate it. Remember, ignore what they say and see what they do. Compare and see what they do, see how CDC leads the way with regulations and transparency, and then make up your own mind based on what you see, especially dont just listen to baseless allegations. Our focus will remain to focus on compliance, make it safer for everyone. We all learnt a big unexpected lesson from the collapse on FTX. You can count on to lead the way and prove the naysayers wrong, thank you all for joining.