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“Fortune favors the brave”…
Posted by: pdq
Date: November 16, 2022 04:11PM
…said Matt Damon on TV, when the commercial featuring him for Crypto.com, first aired a little more than a year ago, on 10/28/21.


(Not to beat on Damon, who is just an actor, but I wonder if he has second thoughts about pitching this stuff)

Crypto.com, based in Singapore, is behind the Cronos token, which on the date the commercial first aired, was trading at $0.2017 (ie twenty cents). Less than a month later, it had reached over 91 cents. WooHoo!

Today, it’s at $0.0687 (a little under seven cents), down 93% over the past year and 30% since Nov 10, around the time the rival cryptocurrency FTW collapsed. Of course, it holds a significant amount of its assets in other cryptocurrencies. (!) Crypto.com’s CEO says everything is hunky dory.

Not a breaking story, but a continuing one. Put on this side because I think some folks on these boards have financial interests in some cryptos (I don’t, on the long or short side, FWIW) and the topic can be touchy.

Be careful out there, folks!
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Re: “Fortune favors the brave”…
Posted by: mattkime
Date: November 16, 2022 04:26PM
I wonder if Damon was paid in crypto



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Re: “Fortune favors the brave”…
Posted by: mrbigstuff
Date: November 17, 2022 12:47PM
But what if I want to get rich quick without doing any work?
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Re: “Fortune favors the brave”…
Posted by: Acer
Date: November 17, 2022 02:26PM
Quote
mrbigstuff
But what if I want to get rich quick without doing any work?

"Welcome to Washington, Senator."
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Re: “Fortune favors the brave”…
Posted by: Janit
Date: November 18, 2022 04:41AM
I prefer the Louis Pasteur's version. "Fortune favors only the prepared mind;"
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