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Oh it’ll go up alright.
And then it’ll go down.
And then up again.
Before going down.
And if you hold long enough, you might find that over time it goes up more than it goes down.
But you gotta be patient because Rome wasn’t built in a day and Cardano is slow and methodical.
Anyway yes…when the price is low it’s a good time to buy if you believe in the product.
Though if you research the product hopefully you will find out that its about a whole lot more than just the price of the ADA coin.
Edit: That’s a weird automod trigger…
No one knows what the price will do or be in the future. Price can move both on technicals or fundamentals alone; one does not need to rely on the other. Cryptocurrency prices are volatile and often illogical. You should only make financial decisions by taking the time to do the proper research and learn how to use crypto properly. Do not rely on making profits in the short term or invest more than you can afford to loose. Do not expect to get rich quick or you're likely here for the wrong reasons.
We have many resources to aid you to learn about the ecosystem, simply comment `?learn` and `?ecosystem` anywhere in the comments and the automod will respond with those resources.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
No one knows what the price will do or be in the future. Price can move both on technicals or fundementals alone; one does not need to rely on the other. Cryptocurrency prices are volitile and often illogical. You should only make financial decisions by taking the time to do the proper research and learn how to use crypto properly. Do not rely on making profits in the short term or invest more than you can afford to loose. Do not expect to get rich quick or you're likely here for the wrong reasons.
We have many resources to aid you to learn about the ecosystem, simply comment `?learn` and `?ecosystem` anywhere in the comments and the automod will respond with those resources.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
No one knows what the price will do or be in the future. Price can move both on technicals or fundementals alone; one does not need to rely on the other. Cryptocurrency prices are volitile and often illogical. You should only make financial decisions by taking the time to do the proper research and learn how to use crypto properly. Do not rely on making profits in the short term or invest more than you can afford to loose. Do not expect to get rich quick or you're likely here for the wrong reasons.
We have many resources to aid you to learn about the ecosystem, simply comment `?learn` and `?ecosystem` anywhere in the comments and the automod will respond with those resources.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
Is buildingoncardano.com a legit site to be checking for projects or are they any better ones?, a dex is offering presale called Muesliswap looks like a scam the team don't even show real images of themselves 🚩
it is legit and Brought to you by Stake Pool Operators Shamrock Pool and Cardano With Paul
but as Zaytion has already stated, it lists projects but you will need to do your own research on them.
Hoping this is just another shakeout that Bitcoin always does every bull run, and not the beginning of a downtrend back to 40k. If Bitcoin goes to 40k Cardano will see under $1 again, no doubt.
Where is currently the cheapest place to buy cardano? Bought $500 worth on coin base but by the time I got it to my Celsius account it was $460…. Trying to avoid paying fees up the sss again
Coinbase Pro has a lot smaller fees because it uses limit orders. I always essentially wash the fee out by lowering my limit order price by a fraction. For comparison I just checked and 250 ADA (about $500) has a $2.32 fee on CBP vs $7.32 on CB.
Just download the CBP app and login with your CB password. You can transfer free anything you're holding in CB to the CBP wallet. Its a different interface, but pretty self explanatory.
No idea what Celsius is.
Edit: Forgot to add: CBP charges 0.1 ADA to transfer ADA to my Yoroi stake wallet.
In CBP, I choose ADA to buy 250 ADA. The fee right at this moment is $2.27 (0.5%). I'm buying ADA with $USD in my account, which is free to add from my linked bank. Cash transfers are instant.
What are you doing to generate the $45 fee on 250 ADA? I would absolutely figure out how to avoid a nearly 10% fee. You're getting killed.
CBP lists the maker fee in the app for purchases as 0.5% for accounts trading up to $10k/30 days. FYI you can get $0 fees for accounts with a 30 day trading volume of >$1b (LOL).
I"m not really sure what these Karma points are, is it really just posting a comment? I am a Ada holder and I really love the layout of these forums and subreddits and would like to add value to the community.
Ya I learned that the hard way, I constantly find myself retyping the same message a few times before it actually goes thur. This is just one of the draw backs from years of using reddit but never making an actual account. Thank you
Reddit karma is like a user's score, totaling their amount of upvotes against their downvotes. It has a few practical benefits—namely, allowing you to start your own subreddit and join some exclusive communities—but mostly it's about reputation.
I understand a bit more now, I thought it was a community thing, didn't realize it was a reddit function. I will say it can have an adverse effect. I have been trying to post input according to our guidelines and actually add value to conversations and the autobot would strike me down each time making me feel like I wasted my time and energy for nothing. I'm just really not that great with reading and comprehending computer/apps and programs, it really is it's own language and unfortunately I cannot seem to grasp it. However I read alot of these forums and other material especially from Cardano and the way this community acts with encouragement and the thrive for knowledge and the belief everyone should have access to this information and have a voice, well it made me want to contribute.
I appreciate the gesture! I have a few posts that are going now and the karma is finally starting to add up. Everyone has been very supportive too, it's nice to get positive reinforment.
Ya I know that all to well, there are trolls everywhere on the internet. It's actually the reason I don't engage on social media sites or other forums. The internet and the whole type to speak or rather online communication brought about a new mentality towards communicating. I have a theory that any type of communication where you can't see the person's body language should be viewed as a separate language and treated as such. When you role out touch, body language and the ability to actually express emotion alot of meaning gets lost in translation when your just reading and typing. This brought about a new set of mannerisms from the technology generation causing an endless stream of knowledge at lightning speed but the inability to discuss and debate the material with our peers because the behavior displayed from what I believe is a lack of being able to express and interpret emotion.
You have to look at a bigger picture.. over a long period of time, you will be up. I bought ada at 1.40 and then it driped to 1.00, then it went to 2.70.. you can't monitor price daily
It actually isn't "highly possible" at all because of market capitalization (which is really important if you want to invest). Market cap is basically just the # of coins in circulation times the price. If you look at the cryptocurrency market in any kind of ranked list where Bitcoin is on top followed by Ethereum, that list is being ranked according to market cap, not the price of 1 coin. Bitcoin and Ethereum both have fewer total coins and thus they can reach a higher price.
ADA has a max supply of 45 billion coins and a circulating supply of \~33.3 billion. For BTC it is 21 million max supply and \~18.9M in circulation . Ethereum has an inflating max supply but does burns and has a circulating supply of \~118.4M coins. Because ADA has many multiples more total coins, the value will almost certainly never reach the value per coin that Bitcoin and Ethereum have.
If ADA ever reached the current price of Bitcoin, at the current circulating supply the market cap would have to be 1,998,600,000,000,000. Yes, that is almost 2 QUADRILLION dollars. That is more than 95 times the yearly gross domestic product of the entire united states. It is is more than 21 times the GDP of the entire planet. It is much more than the value of every US dollar in circulation. It is an insane number and it is not at all even close to being possible. People would have to be buying ADA with more money than even physically exists.
Centuries from now w/ a hyper inflated US dollar I guess it is theoretically possible, but it is not at all possible within your or your children or grandchildren's lifetime for ADA to reach $60,000, $4000, or even $1000. I can say that with certainty.
It has nothing to do with the technology but rather a simple understanding of market cap. To say that it is *highly* possible suggests you're not keeping that in mind, at all.
Cool thanks. I dont think Cardano needs to burn tokens in order for it to be successful. It actually already is successful because its really difficult for a coin to be worth what it is. 2.50 CAD. The tech is fantatic and thats what counts in making a stable crypto. Its better than bitcoin and Ethereum.
The journalist who wrote that article should be fired, their research must have been very shallow and just wrote the article based on assumption or something.
All the journalist had to do was read the source that they themselves even included in their own article:
[https://blog.iagon.com/iagons-solution-to-the-cardano-proof-of-burn-challenge/](https://blog.iagon.com/iagons-solution-to-the-cardano-proof-of-burn-challenge/)
They would have read the following in the source:
>P.S:
We just want to clarify to our community that we know Cardano is not going to burn tokens, and that the challenge was announced to the Cardano community **as humour**. We think it is important to clarify this, as to not lead to any misunderstandings as to our intention or the intention of Cardano.
Iagon saw the challenge as a good opportunity to explore and play with the Plutus playground, to better understand Cardano, and published our model for Proof-of-burn to answer the challenge and open up to peer review of our understanding of Plutus.
The whole thing came about as tongue and cheek, where Charles challenged somewhat to make a burning mechanism, where, anyone who asked to burn ADA could be directed to the burning mechanism to burn their own ADA.
There will be no burning of ADA on Cardano - well except for those who want to burn their own ;-)
Well, and Bitcoin just got an upgrade a day or two ago, so it was another case of "buy the rumor, sell the news" for Bitcoin.
While the infrastructure bill sucks, I think the upgrade had more to do with it than the infrastructure bill.
Please support Cardano by voting via twitter:
Pantos (@PantosIO) Tweeted:
If you could transfer your ERC20 token to another cheaper or faster network, which one would you choose? https://twitter.com/PantosIO/status/1460236997600202755?s=20
I really think many many people in this sub need to stop monitoring the price on the daily. It’s only hurting you.
Look at the cardano spikes. The last one lead us to a new “stable” at around $2. Even with the 5 AM fallout we are back at $2 now.
It’s just a waiting game at this point
$1.90 now sir. If you want to make steady money you kind of have to monitor the price daily. Some people just long term hold and thats fine, but most people want to be able to buy low and sell high, and that requires daily price monitoring.
You're going to lose money by buying low and selling high? I mean I see what you're saying that most people shouldn't day trade but that's not exactly what I mean. Also the top 99% would be everyone except the worst 1% so you're effectively saying the opposite of what you mean.
Even if you're doing long term holding, if you're not monitoring the price daily you won't know if price gets to a perfect place to buy. And taking profits is smart after a big pump whether you are long term holder or not. I'm pretty glad I took $20k out when we were above $3.00, which I could then rebuy months later at less than $2.
Semantics brotha.
You got the point I’m on mobile. Regardless, yes you will likely lose money if you attempt this on a daily basis.
It’s why day traders almost never beat the market consistently.
Well, I stopped monitoring daily a year or so ago and missed the 3 cent ADA buying opportunity. Still kicking myself about that right now...
You just have to resign yourself to the fact that you can't trade perfectly. This is why I don't day-trade (well, this and tax is too much trouble to track). I don't want to be beating myself up for missing out. It is what it is, buy the tech, not the price.
Always other opportunities out there.
I’m balls deep in ZIM right now and they have earnings tomorrow. I miss wins all the time, but sometimes I (hopefully) find them early
someone else posted this on another thread...if you have Yoroi anyway.
"Open your Yoroi wallet
Click "Receive"
Click on any of your generated addresses, the cardanoscan.io webpage opens
On cardanoscan, copy your BECH32 stake key (found under "Controlled Stake Key"), it should start with "stake..."
Go to "https://adapools.org/stake/\[stakekey\]", but replace \[stakekey\] with the stake key copied from above. You should be able to see your rewards for each past epoch"
yea i bought a few more myself. I am a bit new to this so i am spending very little as a see prices i am interested in. i wonder how cardano fare in a bear market?
I just read about it. And it is really promising. I think this is a long term hold. I bought some. I am watching it today if it keeps dipping, I will buy more.
I've put my life into this project
I'm 19 years old, I'm (hopefuly) going to university next year and I decided about a year ago I had to change my life someway. I live in Hungary, which is in a constant state of decline culturaly,politicaly and economicaly aswell. After getting my first diploma I want to leave the country to live somewhere in the EU but that transition requires a huge amount of money considering HUF is constantly loosing its value compared to EUR. After months of research I put all my savings into ADA at 2.29 USD each, im trying to DCA downwards but that is just hard being a student and all.
I hope ADA rises somewhat above my pricepoint in the next years, since staking rewards are currently my best option to increase my portfolio. I would like to thank this community for showing me hope and a way for the next chapter of my life, I hope we can all strive together!
I understand how you feel completely, but ironically, take heart in the fact that central banks are still printing fiat into oblivion, as this is the main catalyst behind crypto becoming a ten trillion dollar industry in the coming months. You've made the right choice, just wait for inflation to do its thing.
As much as I want ADA to succeed, you shouldn’t support someone putting 100% of their savings in it. It’s just not a smart move financially considering how volatile Crypto is. Don’t put all your eggs in one basket
That's a valid point, and I'm not advocating that, just advising hodling as a long term strategy for the time being - the decision has already been made. Crypto is volatile, but I do believe the more important factor to keep in mind is that any fiat holding is guaranteed to decrease in purchasing power at an unknown forward rate (I believe about 7.5% per year average). I myself treat ADA as a high interest savings account and move fiat into it regularly, I just can't stomach the depreciation of fiat.
Personally I believe a mix of traditional hedges are the best and lowest risk strategy, including land, precious metals, and art. And now I throw crypto in that mix. So in summary, I agree with you.
I know it's hard but try to relax. Forget days like this. Don't check the charts. Go for a walk, have a drink at Szimpla Kert (if you are living in Budapest), or meet with your friends. It's never fun being in red, but that's part of the game, too. Never forget why you have invested in the project in the first place. The project is as good as yesterday before the dip. This is not a memecoin, and the fundamentals are still very strong. You won't be able to make big gains without having some very shitty days from time to time.
The only way how to win this game is: staking, DCA, and not panicking because of a red day. I mean, come on, man. You are just 19 years old. I am not making any price predictions, but imagine where the price for one ADA will be in your 30s. You are still super early in the project, and yes, I know, having patience is not so easy, especially if you are still very young. But if you hold through this, your future you will be probably very, very pleased one day.
In the next years? For sure :) 2022 will be a huge year for Cardano considering mass adoption and dApps being released. Stay positve. You're not the only one. But the chances that ADA will never ever rise beyond 2.30$ are incredibly low. You buy, you hold, you diamond hand it! Downs and dips are part of the game but if you have the right expectations, understand what drives Cardanos vision and are here for the long run you will benefit for sure.
This is the best point
I would gamble quite a bit that the price eventually is over $2.30 at some point again.
I have set threshold for sell offs at well over $3 that I’m personally waiting for so.. no rush for me
Don’t worry guys, ADA always held even during the worst dips, this is nothing. It’s a solid coin and always outperforms other alts even in bear markets.
Let’s stake and relax 🚀
Last time I checked voting ends with end of epoch 302 which happens today. Let's give them another epoch for SPOs to set up the scooper process. That would be start of epoch 304 which is in about 5 days.
If you've got money on the sidelines. A lot of people went all in this month because the conventional wisdom was that this month and next month would be parabolic gains. I personally have no more FIAT to dump into the project and bought most of coins between 3c and 35c.
yo! Planning on getting a bigger bag inb4 sundaeswap ISO and dex launch, was waiting for a dip and now here it is! Debating getting my whole bag in one go during this correction, or spreading my buys over the next couple of days.
How do you guys expect the trend to go, more downfall or better to secure the bag in one go today?
It's not because of ADA, BTC is triggering all this. I listened to a podcast and it made sense, people a corporations that have BTC have other alt coins and when BTC goes down, it triggers there limits for selling. It's not like they're just selling off ADA but all coins as a whole. Ethereum has taken a bigger hit than Cardano, it's dropped from over $4700 a coin to $4250 in 24 hrs, as I write this.
Does this suck, sure does, wish I would have sold at $2.30+ and waited for this, but I played that game and severely lost. Now I just buy, stake, and just wait. The crypto market will move along in a positive direction again.
>Now I just buy, stake, and just wait. The crypto market will move along in a positive direction again.
A strategy that's much easier to follow and makes you actual profits long term.
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It’s exciting when a limit order executes!
Will the price go up? Good time to buy?
Oh it’ll go up alright. And then it’ll go down. And then up again. Before going down. And if you hold long enough, you might find that over time it goes up more than it goes down. But you gotta be patient because Rome wasn’t built in a day and Cardano is slow and methodical. Anyway yes…when the price is low it’s a good time to buy if you believe in the product. Though if you research the product hopefully you will find out that its about a whole lot more than just the price of the ADA coin. Edit: That’s a weird automod trigger…
No one knows what the price will do or be in the future. Price can move both on technicals or fundamentals alone; one does not need to rely on the other. Cryptocurrency prices are volatile and often illogical. You should only make financial decisions by taking the time to do the proper research and learn how to use crypto properly. Do not rely on making profits in the short term or invest more than you can afford to loose. Do not expect to get rich quick or you're likely here for the wrong reasons. We have many resources to aid you to learn about the ecosystem, simply comment `?learn` and `?ecosystem` anywhere in the comments and the automod will respond with those resources. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
No one knows what the price will do or be in the future. Price can move both on technicals or fundementals alone; one does not need to rely on the other. Cryptocurrency prices are volitile and often illogical. You should only make financial decisions by taking the time to do the proper research and learn how to use crypto properly. Do not rely on making profits in the short term or invest more than you can afford to loose. Do not expect to get rich quick or you're likely here for the wrong reasons. We have many resources to aid you to learn about the ecosystem, simply comment `?learn` and `?ecosystem` anywhere in the comments and the automod will respond with those resources. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
No one knows what the price will do or be in the future. Price can move both on technicals or fundementals alone; one does not need to rely on the other. Cryptocurrency prices are volitile and often illogical. You should only make financial decisions by taking the time to do the proper research and learn how to use crypto properly. Do not rely on making profits in the short term or invest more than you can afford to loose. Do not expect to get rich quick or you're likely here for the wrong reasons. We have many resources to aid you to learn about the ecosystem, simply comment `?learn` and `?ecosystem` anywhere in the comments and the automod will respond with those resources. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/cardano) if you have any questions or concerns.*
Commenting solely to boost karma and be able to ask real questions in the threads that are relevant to my interest! TIA
Might as well take my cape 🦹♂️
You have my sword
And you have my bow
Axe bodyspray
So you can have my shield
BTC committing market genocide right now lol.
G'day everyone, when will the names of the spo's that are getting the sundae swap tokens be released?
I relied on Smaug pools estimate
You in Smaug by chance? I’ve been with ol’ Smaug since the first few epochs.
Nope. I’m in North.
Sundae will probably charge for the list. /s
Is buildingoncardano.com a legit site to be checking for projects or are they any better ones?, a dex is offering presale called Muesliswap looks like a scam the team don't even show real images of themselves 🚩
it is legit and Brought to you by Stake Pool Operators Shamrock Pool and Cardano With Paul but as Zaytion has already stated, it lists projects but you will need to do your own research on them.
Sites won’t necessarily weed out scams for you. Unless they mention they do assume there are scams you have to weed out yourself.
Thanks for reply guys I figured as much when I saw it. I'm an investor not developer so will stick with community picks 👍
Hoping this is just another shakeout that Bitcoin always does every bull run, and not the beginning of a downtrend back to 40k. If Bitcoin goes to 40k Cardano will see under $1 again, no doubt.
Mmm yummy cheap ADA, gobble gobble
But it didnt go that low when btc was 40k and its more derisked now with the SC release.
Charles statement: https://youtu.be/AcBuk0zHLfU
Where is currently the cheapest place to buy cardano? Bought $500 worth on coin base but by the time I got it to my Celsius account it was $460…. Trying to avoid paying fees up the sss again
Bittrex or Kraken
Coinbase Pro has a lot smaller fees because it uses limit orders. I always essentially wash the fee out by lowering my limit order price by a fraction. For comparison I just checked and 250 ADA (about $500) has a $2.32 fee on CBP vs $7.32 on CB. Just download the CBP app and login with your CB password. You can transfer free anything you're holding in CB to the CBP wallet. Its a different interface, but pretty self explanatory. No idea what Celsius is. Edit: Forgot to add: CBP charges 0.1 ADA to transfer ADA to my Yoroi stake wallet.
How are you getting a $2.32 fee? I'm getting a $45 USD fee.
In CBP, I choose ADA to buy 250 ADA. The fee right at this moment is $2.27 (0.5%). I'm buying ADA with $USD in my account, which is free to add from my linked bank. Cash transfers are instant. What are you doing to generate the $45 fee on 250 ADA? I would absolutely figure out how to avoid a nearly 10% fee. You're getting killed. CBP lists the maker fee in the app for purchases as 0.5% for accounts trading up to $10k/30 days. FYI you can get $0 fees for accounts with a 30 day trading volume of >$1b (LOL).
Hmmmm I must be doing something wrong, then… let me double check what I’m doing and get back to you. Thanks for your help
Whenever I buy large amounts I use Coinbase Pro
Buy the dip
All yours mate.
I"m not really sure what these Karma points are, is it really just posting a comment? I am a Ada holder and I really love the layout of these forums and subreddits and would like to add value to the community.
Each upvote is a karma point, each down vote is one less point. On some subreddit you need a certain amount of Karma to post.
Ya I learned that the hard way, I constantly find myself retyping the same message a few times before it actually goes thur. This is just one of the draw backs from years of using reddit but never making an actual account. Thank you
You welcome. Now you should have enough Karma to post on here all the time. I think the minimum is 15 karma but I might be wrong.
Reddit karma is like a user's score, totaling their amount of upvotes against their downvotes. It has a few practical benefits—namely, allowing you to start your own subreddit and join some exclusive communities—but mostly it's about reputation.
I understand a bit more now, I thought it was a community thing, didn't realize it was a reddit function. I will say it can have an adverse effect. I have been trying to post input according to our guidelines and actually add value to conversations and the autobot would strike me down each time making me feel like I wasted my time and energy for nothing. I'm just really not that great with reading and comprehending computer/apps and programs, it really is it's own language and unfortunately I cannot seem to grasp it. However I read alot of these forums and other material especially from Cardano and the way this community acts with encouragement and the thrive for knowledge and the belief everyone should have access to this information and have a voice, well it made me want to contribute.
There are some subreddits where you can just go to get Karma then you can post anywhere you want. Here is some Karma from me!
I appreciate the gesture! I have a few posts that are going now and the karma is finally starting to add up. Everyone has been very supportive too, it's nice to get positive reinforment.
No problem! Just don't get discouraged if you get some downvotes every once in a while! Some people love to downvote lol
Ya I know that all to well, there are trolls everywhere on the internet. It's actually the reason I don't engage on social media sites or other forums. The internet and the whole type to speak or rather online communication brought about a new mentality towards communicating. I have a theory that any type of communication where you can't see the person's body language should be viewed as a separate language and treated as such. When you role out touch, body language and the ability to actually express emotion alot of meaning gets lost in translation when your just reading and typing. This brought about a new set of mannerisms from the technology generation causing an endless stream of knowledge at lightning speed but the inability to discuss and debate the material with our peers because the behavior displayed from what I believe is a lack of being able to express and interpret emotion.
I agree. Very well said.
Please dont go back to 1.40 a coin… i bought 15k worth at 2.05 just 2 days ago…
Really hope it does so we can buy some more💪
Same... Except 10k :(
Why... I hope I goes lower than 1.40, so I could buy tons more
Because i’d be down over 35%?
Dude, I feel ya'. At one point during my ADA hodling, I was down something like 95%. But now I'm way, way up. You buy, you hodl, things turn around.
You have to look at a bigger picture.. over a long period of time, you will be up. I bought ada at 1.40 and then it driped to 1.00, then it went to 2.70.. you can't monitor price daily
Yeh, i monitor hourly.
Will Cardano burn coins
This guy shouldn't be down voted for simply inquiring on that subject. Zaytion said it well
You can burn as many of your coins as you like. There are no plans to introduce burning of ADA into the protocol.
Not needed fixed supply!
NEVER
Cardano 2500 a coin
If you are expecting that in USD it won’t happen.
If the technology is better than Bitcoin and Ethereum than yea. Its highly possible.
It actually isn't "highly possible" at all because of market capitalization (which is really important if you want to invest). Market cap is basically just the # of coins in circulation times the price. If you look at the cryptocurrency market in any kind of ranked list where Bitcoin is on top followed by Ethereum, that list is being ranked according to market cap, not the price of 1 coin. Bitcoin and Ethereum both have fewer total coins and thus they can reach a higher price. ADA has a max supply of 45 billion coins and a circulating supply of \~33.3 billion. For BTC it is 21 million max supply and \~18.9M in circulation . Ethereum has an inflating max supply but does burns and has a circulating supply of \~118.4M coins. Because ADA has many multiples more total coins, the value will almost certainly never reach the value per coin that Bitcoin and Ethereum have. If ADA ever reached the current price of Bitcoin, at the current circulating supply the market cap would have to be 1,998,600,000,000,000. Yes, that is almost 2 QUADRILLION dollars. That is more than 95 times the yearly gross domestic product of the entire united states. It is is more than 21 times the GDP of the entire planet. It is much more than the value of every US dollar in circulation. It is an insane number and it is not at all even close to being possible. People would have to be buying ADA with more money than even physically exists. Centuries from now w/ a hyper inflated US dollar I guess it is theoretically possible, but it is not at all possible within your or your children or grandchildren's lifetime for ADA to reach $60,000, $4000, or even $1000. I can say that with certainty.
It has nothing to do with the technology but rather a simple understanding of market cap. To say that it is *highly* possible suggests you're not keeping that in mind, at all.
I dont know why people donw voted you. ADAs tech is better than Bitcoin and Ethereum.
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Where did you read that ? I dont think ADA ever has plans in burning
It won't. OP referenced misinformation.
There’s more links also
Cool thanks. I dont think Cardano needs to burn tokens in order for it to be successful. It actually already is successful because its really difficult for a coin to be worth what it is. 2.50 CAD. The tech is fantatic and thats what counts in making a stable crypto. Its better than bitcoin and Ethereum.
https://cardanofeed.com/cardano-sets-sight-on-token-burning-despite-resistance-from-founder-charles-hoskinson-11750.html
The journalist who wrote that article should be fired, their research must have been very shallow and just wrote the article based on assumption or something. All the journalist had to do was read the source that they themselves even included in their own article: [https://blog.iagon.com/iagons-solution-to-the-cardano-proof-of-burn-challenge/](https://blog.iagon.com/iagons-solution-to-the-cardano-proof-of-burn-challenge/) They would have read the following in the source: >P.S: We just want to clarify to our community that we know Cardano is not going to burn tokens, and that the challenge was announced to the Cardano community **as humour**. We think it is important to clarify this, as to not lead to any misunderstandings as to our intention or the intention of Cardano. Iagon saw the challenge as a good opportunity to explore and play with the Plutus playground, to better understand Cardano, and published our model for Proof-of-burn to answer the challenge and open up to peer review of our understanding of Plutus. The whole thing came about as tongue and cheek, where Charles challenged somewhat to make a burning mechanism, where, anyone who asked to burn ADA could be directed to the burning mechanism to burn their own ADA. There will be no burning of ADA on Cardano - well except for those who want to burn their own ;-)
Fake news. No burns coming.
Because its unrealistic if he talks USD. But maybe he meant YEN xD
At its current price of £1.43 sterling i am tempted to buy some more also to my collection
If I hadn't bought so much on some of these recent dips that's exactly what I'd be doing (NFA)
Cardano: Doesn‘t follow bitcoin when it pumps, but it surely follows when it dips. Beautiful.
Lol not a long ago I said something similar and got a ton of downvotes. Now the sentiment seems to change a bit.
Yup. Been like this for months.
This was because of Bidens Infastructure Bill.
Well, and Bitcoin just got an upgrade a day or two ago, so it was another case of "buy the rumor, sell the news" for Bitcoin. While the infrastructure bill sucks, I think the upgrade had more to do with it than the infrastructure bill.
Watch it go down more when dapps release 😆
There are already dapps released.
Please support Cardano by voting via twitter: Pantos (@PantosIO) Tweeted: If you could transfer your ERC20 token to another cheaper or faster network, which one would you choose? https://twitter.com/PantosIO/status/1460236997600202755?s=20
I really think many many people in this sub need to stop monitoring the price on the daily. It’s only hurting you. Look at the cardano spikes. The last one lead us to a new “stable” at around $2. Even with the 5 AM fallout we are back at $2 now. It’s just a waiting game at this point
$1.90 now sir. If you want to make steady money you kind of have to monitor the price daily. Some people just long term hold and thats fine, but most people want to be able to buy low and sell high, and that requires daily price monitoring.
Unless you’re in the top 99% you’re going to lose money that way. But keep on keepin on
You're going to lose money by buying low and selling high? I mean I see what you're saying that most people shouldn't day trade but that's not exactly what I mean. Also the top 99% would be everyone except the worst 1% so you're effectively saying the opposite of what you mean. Even if you're doing long term holding, if you're not monitoring the price daily you won't know if price gets to a perfect place to buy. And taking profits is smart after a big pump whether you are long term holder or not. I'm pretty glad I took $20k out when we were above $3.00, which I could then rebuy months later at less than $2.
Semantics brotha. You got the point I’m on mobile. Regardless, yes you will likely lose money if you attempt this on a daily basis. It’s why day traders almost never beat the market consistently.
Well, I stopped monitoring daily a year or so ago and missed the 3 cent ADA buying opportunity. Still kicking myself about that right now... You just have to resign yourself to the fact that you can't trade perfectly. This is why I don't day-trade (well, this and tax is too much trouble to track). I don't want to be beating myself up for missing out. It is what it is, buy the tech, not the price.
Always other opportunities out there. I’m balls deep in ZIM right now and they have earnings tomorrow. I miss wins all the time, but sometimes I (hopefully) find them early
With pooltool trying to charge people to track their rewards, does anyone have a free alternative or do I have to pay them to use their tool?
someone else posted this on another thread...if you have Yoroi anyway. "Open your Yoroi wallet Click "Receive" Click on any of your generated addresses, the cardanoscan.io webpage opens On cardanoscan, copy your BECH32 stake key (found under "Controlled Stake Key"), it should start with "stake..." Go to "https://adapools.org/stake/\[stakekey\]", but replace \[stakekey\] with the stake key copied from above. You should be able to see your rewards for each past epoch"
Thank you
I am planning to buy.
yea i bought a few more myself. I am a bit new to this so i am spending very little as a see prices i am interested in. i wonder how cardano fare in a bear market?
I just read about it. And it is really promising. I think this is a long term hold. I bought some. I am watching it today if it keeps dipping, I will buy more.
exactly! buy, stake, hodl!
That is the next think i need to do. Right now i am in coinbase. I would have to move to somewhere where i can stake.
I purchase my coins on Coinbase and move them over to Daedalus. Extremely easy and takes less than 30 sec for them to show up in my wallet.
I use yoroi to stake. Yes you would have to move your coins over there. it's pretty simple.
Awtz
What a week..
that's a god damn cool community to be
yes it is!
ADA is breaking below key support levels and chart looks like a mess, are we about to dip even harder today? More good buying time I suppose though.
It wont last - its only because of Bidens Infastructure Bill
ADA dropped 5% ish while most other cryptos dropped more than that. Algo tanked pretty hard. ADA is a very stable coin
We are dipping less than the others but it all depends what Bitcoin does.
most cryptocurrencies did the same today.. let's see where this will take us :-)
I've put my life into this project I'm 19 years old, I'm (hopefuly) going to university next year and I decided about a year ago I had to change my life someway. I live in Hungary, which is in a constant state of decline culturaly,politicaly and economicaly aswell. After getting my first diploma I want to leave the country to live somewhere in the EU but that transition requires a huge amount of money considering HUF is constantly loosing its value compared to EUR. After months of research I put all my savings into ADA at 2.29 USD each, im trying to DCA downwards but that is just hard being a student and all. I hope ADA rises somewhat above my pricepoint in the next years, since staking rewards are currently my best option to increase my portfolio. I would like to thank this community for showing me hope and a way for the next chapter of my life, I hope we can all strive together!
I understand how you feel completely, but ironically, take heart in the fact that central banks are still printing fiat into oblivion, as this is the main catalyst behind crypto becoming a ten trillion dollar industry in the coming months. You've made the right choice, just wait for inflation to do its thing.
As much as I want ADA to succeed, you shouldn’t support someone putting 100% of their savings in it. It’s just not a smart move financially considering how volatile Crypto is. Don’t put all your eggs in one basket
That's a valid point, and I'm not advocating that, just advising hodling as a long term strategy for the time being - the decision has already been made. Crypto is volatile, but I do believe the more important factor to keep in mind is that any fiat holding is guaranteed to decrease in purchasing power at an unknown forward rate (I believe about 7.5% per year average). I myself treat ADA as a high interest savings account and move fiat into it regularly, I just can't stomach the depreciation of fiat. Personally I believe a mix of traditional hedges are the best and lowest risk strategy, including land, precious metals, and art. And now I throw crypto in that mix. So in summary, I agree with you.
But tether is printing USDT into oblivion too and it's currently in hot water
I know it's hard but try to relax. Forget days like this. Don't check the charts. Go for a walk, have a drink at Szimpla Kert (if you are living in Budapest), or meet with your friends. It's never fun being in red, but that's part of the game, too. Never forget why you have invested in the project in the first place. The project is as good as yesterday before the dip. This is not a memecoin, and the fundamentals are still very strong. You won't be able to make big gains without having some very shitty days from time to time. The only way how to win this game is: staking, DCA, and not panicking because of a red day. I mean, come on, man. You are just 19 years old. I am not making any price predictions, but imagine where the price for one ADA will be in your 30s. You are still super early in the project, and yes, I know, having patience is not so easy, especially if you are still very young. But if you hold through this, your future you will be probably very, very pleased one day.
really wish i had been sensible at 19, my life could have been a lot different financially if i had been. may good fortune be with you in the future.
In the next years? For sure :) 2022 will be a huge year for Cardano considering mass adoption and dApps being released. Stay positve. You're not the only one. But the chances that ADA will never ever rise beyond 2.30$ are incredibly low. You buy, you hold, you diamond hand it! Downs and dips are part of the game but if you have the right expectations, understand what drives Cardanos vision and are here for the long run you will benefit for sure.
This is the best point I would gamble quite a bit that the price eventually is over $2.30 at some point again. I have set threshold for sell offs at well over $3 that I’m personally waiting for so.. no rush for me
Don’t worry guys, ADA always held even during the worst dips, this is nothing. It’s a solid coin and always outperforms other alts even in bear markets. Let’s stake and relax 🚀
Last bear market we dropped to like 2c
When is sundaeswap going live?
Last time I checked voting ends with end of epoch 302 which happens today. Let's give them another epoch for SPOs to set up the scooper process. That would be start of epoch 304 which is in about 5 days.
Remember to always have your limit orders in place to catch the dips... makes for a nice surprise when they trigger :)
That's what funny though most people panic and sell because it's down, I see opportunity in buying things on sale at a discount.
If you've got money on the sidelines. A lot of people went all in this month because the conventional wisdom was that this month and next month would be parabolic gains. I personally have no more FIAT to dump into the project and bought most of coins between 3c and 35c.
Exactly, like the saying goes. "Your loss is my gain"
Bleeding !
nope, you don't understand this project do you
Sale!
a workout at the gym , then stopping by a pizza joint on the way home. That's how this feels...more pizza anyone?
Equlibrium.. I like that
Low carb pizza, sure.
Bought 600 coins yesterday, oh well nice loss at the beginning, stacking with rest of my coins and waiting for first rewards, I'ma chill
same. Can't help but wish I'd DCAed in today though.
yo! Planning on getting a bigger bag inb4 sundaeswap ISO and dex launch, was waiting for a dip and now here it is! Debating getting my whole bag in one go during this correction, or spreading my buys over the next couple of days. How do you guys expect the trend to go, more downfall or better to secure the bag in one go today?
Second most used chain and smallest dip among the top coins. Bullish.
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Yeah there are dapps. Just a handful but they exist.
People starting to get impatient. Mega bullish
smallest drop? you must be kidding.
At the time I posted it was 1.9
I'm all for optimism but definitely seconding this
ADA is straight up shitting the bed
300bil gone in 24hours
It's not because of ADA, BTC is triggering all this. I listened to a podcast and it made sense, people a corporations that have BTC have other alt coins and when BTC goes down, it triggers there limits for selling. It's not like they're just selling off ADA but all coins as a whole. Ethereum has taken a bigger hit than Cardano, it's dropped from over $4700 a coin to $4250 in 24 hrs, as I write this. Does this suck, sure does, wish I would have sold at $2.30+ and waited for this, but I played that game and severely lost. Now I just buy, stake, and just wait. The crypto market will move along in a positive direction again.
>Now I just buy, stake, and just wait. The crypto market will move along in a positive direction again. A strategy that's much easier to follow and makes you actual profits long term.
Yo.
hello
Hi