This is a possible scenario especially if the crypto.com team fails to deliver (again!!) VISA cards to US residents. I can't help but feel disappointed (and downright disgusted) with their efforts. The team is notorious for making investors think that cards are on the verge of shipping when in fact they never actually ship. It's true that some select individuals (early adopters) have received their VISA cards along with some in Singapore. But, you have to wonder what road blocks they have encountered which they are keen on keeping close to their chest. Many long-term investors are sick of hearing empty promises. What specifically is preventing the team from delivering cards to US residents? Why did they collect US addresses months ago (without proof of residency) and still no cards? If the team has over 100 members then why do they fail to deliver? They seem rather incompetent. Best case scenario, they are inexperienced. Or, they are too ambitious and so they cannot obtain lofty goals. Or, perhaps they are too divided and unfocused venturing off into payment processing and CRO token?
Why is there no healthy growth on the chart? Every move is a pump in dump. The token cannot hold its value. We need to start seeing healthy, organic movements on the chart. It's always a very high wick. MCO has only known bearishness. The app is cool (along with the perks) but it is all meaningless without the cards! The team needs to wake the **** up and start delivering a real-world product to thousands of users. Over 150,000 people have reserved a card but no tangible results except by an exclusive few. I am not impressed with their efforts. Do better. Stop saying we are so close to issuing cards. Cut the bull****. Set concrete dates and deliver. The team fails to hold themselves accountable for their efforts. No one cares about Q and A sessions with vague, meaningless responses. Deliver the cards soon or RIP when every single investor bounces because the team can't keep their word.
Crypto.com is very persuasive and keen on luring you in to their trap. Sure, I'm a long-term holder and believe that this team will eventually get their **** together and actually deliver a tangible product. But, until they do, I am super bearish even if Bitcoin and major alt coins go to the moon. MCO will go to the grave unless they start to give the people what they said they would give them. My confidence in the team approaches zero as time goes to infinity because they promise cards soon but their definition of soon is absolutely arbitrarily long. If they say something will be done in days, then expect months if not years. Crypto.com is not the dream team. My review of this project will not change without irrefutable, quantifiable, and tangible proof.
Many feel this way. If you don't believe me, go to Reddit and find the most dissatisfied participants that I have seen in the entire crypto space.
Who knows, maybe the crypto.com team will stumble across this post and take it as constructive criticism. I won't hold my breath since they have grown so complacent. The team may very well be ultra-compliant with regulators (which is good!) but they absolutely suck at disseminating information with truthfulness, integrity, transparency, and clarity. They have only known vagueness. They give you the illusion that all is well. Meanwhile, skeletons are lurking in their closet. How about you give the people the truth for once? No one is interested in the facade. Communicate the road blocks. Be specific. Be frequent with updates that actually matter. Your silence pisses me off. But what pisses me off more than silence is unfounded confidence and excitement of a product that doesn't actually exist. Stop lying. A card in the hand of a few does not have equality with a card in the hand of millions.
You want global mass adoption of a non-existent product. Deliver the product incrementally wherever it is legal. You don't need to do it all at once. Mass adoption will come eventually if you continue to add jurisdictions that become crypto-friendly. Deliver the cards state by state if necessary. Stop waiting around. You will lose your faithful supporters if you do.
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Cheers!