Crypto-trading thread

933,647 Views | 9616 Replies | Last: 10 min ago by jamey
AggieActuary
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FAT SEXY said:

XLM been stuck in neutral
Still the case. Out of the coins in my portfolio, it's performed the worst over the past week other than BTC which is of course less volatile than the altcoins. But I'm comparing it to ADA, ALGO, LINK, XTZ, ONE, and ETH. Yuck
Double Oaked
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LatinAggie1997 said:

Challenger 17 said:

What's a realistic price target for ADA in the next few years?


This year before December :$6-$15
By Christmas 2024 : $25 - $100
Do you realize how many ADA are in circulation? 32 BILLION. Your December price target would have it eclipsing Ethereum.
Krombopulos Michael
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Being an active trader, setting stop losses, monitoring the market DAILY (even every 15 mins), etc. can get you 200%. BUT let's be honest, most of the readers on the thread have real jobs and just want to dump some money in then walk away with 40% to 60% gains without any real effort. And why not? Easy money is the best money. Those are the people who get left holding big bags of ****-coins IF they don't do the research/learning. (I'm still sitting on a bags of VERI and SALT waiting for them to deliver...)

Got to know the full story and the rules of the game before getting in too deep.

Crypto market is a global unregulated casino with a wide variety of players which include: large institutional investors, true believers, digital innovators, TBTF banks, family offices, high speed trading algos, criminals, scammers, governments, central banks, large retail investors, small retail investors, and lots of dumb money spending their stimulus checks using RobinHood hoping to hit the DogeCoin lottery.

Players rig the game to their favor. Exchanges throttle back their services during times of high demand. Sharks watch for over leveraged positions and crush them. Governments allow some tokens to be listed and others not. People use VPNs to get around governments. Companies like Goldman use derivatives to influence price of BTC. Scammers push incredible sounding narratives, then deliver nothing. Govt's and central banks use social media and MSN to spread FUD. Dumb money buys on the way to all time highs and sell as the coin is crashing 30% because of a tweet. A select few (less than 5%) of the ~5000 coins/companies actually achieve what they promised and deliver innovative market solutions / life changing money.

It's (mostly) unregulated capitalism at its finest. I love it. Definitely not for everyone. Got to have diamond hands and thick skin.

Blockchain technology has the ability positively impact the world much the same way the internet did over the last 30 years. We are still extremely early in the game, it's going to take a little more time for the market to go through growing pains and fully develop. Put the time/effort in, develop a strategy, and you can reap significant rewards.


Just my opinion....could be completely wrong. Do your own research.
AgPrognosticator
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MuchosPollos said:

Being an active trader, setting stop losses, monitoring the market DAILY (even every 15 mins), etc. can get you 200%. BUT let's be honest, most of the readers on the thread have real jobs and just want to dump some money in then walk away with 40% to 60% gains without any real effort. And why not? Easy money is the best money. Those are the people who get left holding big bags of ****-coins IF they don't do the research/learning. (I'm still sitting on a bags of VERI and SALT waiting for them to deliver...)

Got to know the full story and the rules of the game before getting in too deep.

Crypto market is a global unregulated casino with a wide variety of players which include: large institutional investors, true believers, digital innovators, TBTF banks, family offices, high speed trading algos, criminals, scammers, governments, central banks, large retail investors, small retail investors, and lots of dumb money spending their stimulus checks using RobinHood hoping to hit the DogeCoin lottery.

Players rig the game to their favor. Exchanges throttle back their services during times of high demand. Sharks watch for over leveraged positions and crush them. Governments allow some tokens to be listed and others not. People use VPNs to get around governments. Companies like Goldman use derivatives to influence price of BTC. Scammers push incredible sounding narratives, then deliver nothing. Govt's and central banks use social media and MSN to spread FUD. Dumb money buys on the way to all time highs and sell as the coin is crashing 30% because of a tweet. A select few (less than 5%) of the ~5000 coins/companies actually achieve what they promised and deliver innovative market solutions / life changing money.

It's (mostly) unregulated capitalism at its finest. I love it. Definitely not for everyone. Got to have diamond hands and thick skin.

Blockchain technology has the ability positively impact the world much the same way the internet did over the last 30 years. We are still extremely early in the game, it's going to take a little more time for the market to go through growing pains and fully develop. Put the time/effort in, develop a strategy, and you can reap significant rewards.


Just my opinion....could be completely wrong. Do your own research.
Great post! I think you're exactly right about players rigging the game. There is a TON of money to be made in this unregulated market by those with the money and technology to move the market. I have no doubt that's happening and I also believe that's why the US government is going to lay down the hammer on some of these activities.

I could be completely wrong as well -- but until those regulations are announced, I'm personally staying out of large long positions. I'll swing trade here and there and then ultimately wait for "the big one".
LatinAggie1997
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I should be studying 11 said:

LatinAggie1997 said:

Challenger 17 said:

What's a realistic price target for ADA in the next few years?


This year before December :$6-$15
By Christmas 2024 : $25 - $100
Do you realize how many ADA are in circulation? 32 BILLION. Your December price target would have it eclipsing Ethereum.



Please stop using another crypto and market cap to guess what another token can and can't do. There are too many variables that can not be calculated nor compared outside a blanket generalization.
Two different projects with different philosophies, approaches, and function are not comparable. ETH 2.0 is trying to become what Cardano is currently. First mover effect and enabled smart contracts are all ETH has right now, and when the Alonso testnet switches to the main net Cardano could very likely flip ETH. Why? Adoption and shock supply.

Edited to add : my opinion on market cap is that it is the dumbest metric people use and talk about.


TxAG#2011
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LatinAggie1997 said:

I should be studying 11 said:

LatinAggie1997 said:

Challenger 17 said:

What's a realistic price target for ADA in the next few years?


This year before December :$6-$15
By Christmas 2024 : $25 - $100
Do you realize how many ADA are in circulation? 32 BILLION. Your December price target would have it eclipsing Ethereum.



Please stop using another crypto and market cap to guess what another token can and can't do. There are too many variables that can not be calculated nor compared outside a blanket generalization.
Two different projects with different philosophies, approaches, and function are not comparable. ETH 2.0 is trying to become what Cardano is currently. First mover effect and enabled smart contracts are all ETH has right now, and when the Alonso testnet switches to the main net Cardano could very likely flip ETH. Why? Adoption and shock supply.

Edited to add : my opinion on market cap is that it is the dumbest metric people use and talk about.



Is this serious? Cardano isn't even working right now. Ethereum is literally light years ahead of where Cardano is and everyone seems to realize it but you.

This is getting off the rails.

Oh yea, in addition to first mover effect and smart contracts Ethereum is also projecting $12 billion in annualized revenue. Cardano? $0
LatinAggie1997
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TxAG#2011 said:

LatinAggie1997 said:

I should be studying 11 said:

LatinAggie1997 said:

Challenger 17 said:

What's a realistic price target for ADA in the next few years?


This year before December :$6-$15
By Christmas 2024 : $25 - $100
Do you realize how many ADA are in circulation? 32 BILLION. Your December price target would have it eclipsing Ethereum.



Please stop using another crypto and market cap to guess what another token can and can't do. There are too many variables that can not be calculated nor compared outside a blanket generalization.
Two different projects with different philosophies, approaches, and function are not comparable. ETH 2.0 is trying to become what Cardano is currently. First mover effect and enabled smart contracts are all ETH has right now, and when the Alonso testnet switches to the main net Cardano could very likely flip ETH. Why? Adoption and shock supply.

Edited to add : my opinion on market cap is that it is the dumbest metric people use and talk about.



Is this serious? Cardano isn't even working right now. Ethereum is literally light years ahead of where Cardano is and everyone seems to realize it but you.

This is getting off the rails.

Oh yea, in addition to first mover effect and smart contracts Ethereum is also projecting $12 billion in annualized revenue. Cardano? $0


It is really quite simple. Do as you wish based on what you believe. I follow my instincts and not what you believe or post. I strongly suggest you do the same.

"Everyone seems to realize it..."
That is a great comment to revisit in a few months...heck, your entire post is.
TxAG#2011
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Just calling out this delusion when I see it. If you approached any digital asset fund or institutional firm with cryptocurrency exposure with that you'd be laughed out of the room.
LatinAggie1997
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TxAG#2011 said:

Just calling out this delusion when I see it. If you approached any digital asset fund or institutional firm with cryptocurrency exposure with that you'd be laughed out of the room.



Well, obviously I'm not speaking to them so that is irrelevant. You claiming Cardano doesn't work is what is laughable.

Institutions and many retail investors believe as I do amd it will be proven very soon. Many of us have seen the writing on the wall since Mary hard fork and earlier but it is okay that you don't.
TxAG#2011
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LatinAggie1997 said:

TxAG#2011 said:

Just calling out this delusion when I see it. If you approached any digital asset fund or institutional firm with cryptocurrency exposure with that you'd be laughed out of the room.



Well, obviously I'm not speaking to them so that is irrelevant. You claiming Cardano doesn't work is what is laughable.

Institutions and many retail investors believe as I do amd it will be proven very soon. Many of us have seen the writing on the wall since Mary hard fork and earlier but it is okay that you don't.


Real talk is there a single institution that owns it? We know virtually every digital asset fund owns Ethereum based on disclosure filings.

Not aware of any that own Cardano. Are there? Google search doesn't reveal any
LatinAggie1997
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TxAG#2011 said:

LatinAggie1997 said:

TxAG#2011 said:

Just calling out this delusion when I see it. If you approached any digital asset fund or institutional firm with cryptocurrency exposure with that you'd be laughed out of the room.



Well, obviously I'm not speaking to them so that is irrelevant. You claiming Cardano doesn't work is what is laughable.

Institutions and many retail investors believe as I do amd it will be proven very soon. Many of us have seen the writing on the wall since Mary hard fork and earlier but it is okay that you don't.


Real talk is there a single institution that owns it? We know virtually every digital asset fund owns Ethereum based on disclosure filings.

Not aware of any that own Cardano. Are there? Google search doesn't reveal any



Supposition, inference, context, and logic all point to objective investing in superior technology.

If an entity or dev decides to stay exclusively with ETH out of some sort of loyalty then you can give them the speech you gave me and laugh them out of the room.

Conventional wisdom and pragmatism demands you go with less expensive, faster, and more utility. A technology that was peer reviewed and built from the bottom up amd not rushed.
MRB10
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The answer to your question is no. ADA does not currently have institutional acceptance. I'd imagine it's largely for the reasons you've noted.

It's as speculative of a risk as 99% of the ****coins that have big promises and minimal current use case. No matter what the "Charles" fanboys on this thread will say.

I own a 1000 ADA and won't be going higher until I see the working product.

Jerkin_my_durkin
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Man what caused the PMS today? Cycles linked up on a couple posters
AgPrognosticator
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aggiengeorgia10 said:

Man what caused the PMS today? Cycles linked up on a couple posters


I find it comical that the bad blood between Vitalik and Charles seems to bleed all the way down to retail investors.

I am genuinely curious to see if second layers like Polygon can save Eth, or if Eth 2 is their only hope. High gas fees have already turned so many away and that's only going to get worse.

Proof of stake is the way. (Until something better comes along.)
LatinAggie1997
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NTXAg10 said:

The answer to your question is no. ADA does not currently have institutional acceptance. I'd imagine it's largely for the reasons you've noted.

It's as speculative of a risk as 99% of the ****coins that have big promises and minimal current use case. No matter what the "Charles" fanboys on this thread will say.

I own a 1000 ADA and won't be going higher until I see the working product.




I consider myself of "fanboy" of Charles and Cardano. I believe in the vision and the technology so it isn't a slight in my opinion.

What is far worse having a tribal mentality. Allegiance to an inferior technology that is desperately trying to correct multiple flaws is nonsensical.

Personally, I would choose an Arleigh Burke class destroyer still at dry dock over a battleship at sea.
bearamedic99
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Quote:

an Arleigh Burke class destroyer


A fun rabbit hole to Google. Thanks for sharing
LatinAggie1997
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TxAG#2011 said:

LatinAggie1997 said:

TxAG#2011 said:

Just calling out this delusion when I see it. If you approached any digital asset fund or institutional firm with cryptocurrency exposure with that you'd be laughed out of the room.



Well, obviously I'm not speaking to them so that is irrelevant. You claiming Cardano doesn't work is what is laughable.

Institutions and many retail investors believe as I do amd it will be proven very soon. Many of us have seen the writing on the wall since Mary hard fork and earlier but it is okay that you don't.


Real talk is there a single institution that owns it? We know virtually every digital asset fund owns Ethereum based on disclosure filings.

Not aware of any that own Cardano. Are there? Google search doesn't reveal any



I think it more plausible that investments in Cardano haven't been reported yet, possibly waiting the 45 to 60 days after the quarter, moreso than none have done so.


MRB10
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I own no ETH and MATIC is my only token I own that has anything to do with the Ethereum platform. The gas fee and scalability critiques are 100% valid IMO and I give zero fks about any fanboy wars between the supporters of the two protocols.

My criticism of ADA is 100% because of my skepticism of any company that tries to generate a cult following with no working product.

I've very publicly advocated for a basket approach to crypto investing and have been putting my money more heavily elsewhere.
LatinAggie1997
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NTXAg10 said:

I own no ETH and MATIC is my only token I own that has anything to do with the Ethereum platform. The gas fee and scalability critiques are 100% valid IMO and I give zero fks about any fanboy wars between the supporters of the two protocols.

My criticism of ADA is 100% because of my skepticism of any company that tries to generate a cult following with no working product.

I've very publicly advocated for a basket approach to crypto investing and have been putting my money more heavily elsewhere.


"...a company that tries to generate a cult following..."

Interesting that you choose this point of view instead of - a cult following generated by belief in a company.
MRB10
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LatinAggie1997 said:

NTXAg10 said:

I own no ETH and MATIC is my only token I own that has anything to do with the Ethereum platform. The gas fee and scalability critiques are 100% valid IMO and I give zero fks about any fanboy wars between the supporters of the two protocols.

My criticism of ADA is 100% because of my skepticism of any company that tries to generate a cult following with no working product.

I've very publicly advocated for a basket approach to crypto investing and have been putting my money more heavily elsewhere.


"...a company that tries to generate a cult following..."

Interesting that you choose this point of view instead of - a cult following generated by belief in a company.
"What is far worse having a tribal mentality. Allegiance to an inferior technology that is desperately trying to correct multiple flaws is nonsensical. "

This is a very ironic statement based on your repeated and immediate dismissal of anyone who even suggests that ADA won't pan out to what you think it will.

See, I can play this game too.
AgPrognosticator
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NTXAg10 said:

LatinAggie1997 said:

NTXAg10 said:

I own no ETH and MATIC is my only token I own that has anything to do with the Ethereum platform. The gas fee and scalability critiques are 100% valid IMO and I give zero fks about any fanboy wars between the supporters of the two protocols.

My criticism of ADA is 100% because of my skepticism of any company that tries to generate a cult following with no working product.

I've very publicly advocated for a basket approach to crypto investing and have been putting my money more heavily elsewhere.


"...a company that tries to generate a cult following..."

Interesting that you choose this point of view instead of - a cult following generated by belief in a company.
"What is far worse having a tribal mentality. Allegiance to an inferior technology that is desperately trying to correct multiple flaws is nonsensical. "

This is a very ironic statement based on your repeated and immediate dismissal of anyone who even suggests that ADA won't pan out to what you think it will.

See, I can play this game too.


Consider for a moment that Cardano is the 4th most valuable crypto currency without smart contracts live on main net.

Do you really think it will sit idle if smart contracts are successful at a fraction of ETH gas fees?

One has to wonder, why is it that you are so critical of Cardano?
LatinAggie1997
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NTXAg10 said:

LatinAggie1997 said:

NTXAg10 said:

I own no ETH and MATIC is my only token I own that has anything to do with the Ethereum platform. The gas fee and scalability critiques are 100% valid IMO and I give zero fks about any fanboy wars between the supporters of the two protocols.

My criticism of ADA is 100% because of my skepticism of any company that tries to generate a cult following with no working product.

I've very publicly advocated for a basket approach to crypto investing and have been putting my money more heavily elsewhere.


"...a company that tries to generate a cult following..."

Interesting that you choose this point of view instead of - a cult following generated by belief in a company.
"What is far worse having a tribal mentality. Allegiance to an inferior technology that is desperately trying to correct multiple flaws is nonsensical. "

This is a very ironic statement based on your repeated and immediate dismissal of anyone who even suggests that ADA won't pan out to what you think it will.

See, I can play this game too.


That is certainly one take. I don't dismiss anyone especially because they don't agree with me. I do however point out that it is not wise to be dismissive of a project and label my opinion around it as deluded and laughable. To claim Cardano doesn't work and then claim ETH as "superior" is ridiculous when considering the technology. People always rush to defend ETH with smart contracts capability and market cap yet never can point out a technologically superior aspect of ETH.
My argument is always about the approach, vision, and the technology when discussing future potential. ETH fans retort with asinine Cardano arguments that categorically get disproven with each passing month and update.


One of many articles and views similar to mine and other Cardano fans (not maxis).
https://investorplace.com/hypergrowthinvesting/2021/06/cardano-prepare-for-ada-to-heat-up-as-summer-approaches/


MRB10
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I've never said Cardano doesn't have a chance to be something special(I own 1005 coins currently and will be very happy if it gets to double digits). However, do not think it's as sure of a thing as the two of you, and your man Charles, represent it to be. I think it's important to acknowledge the risks with any gamble and this gamble has no working product after 3-4 ****ing years but is still promising to change the world.

At this point I think it has an equal chance to be Apple as it does NeXT computers.

MRB10
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Go back and find one post, in either of the crypto threads, where I've said ETH is super to ADA. One doesn't have to be an ETH homer if they're suspicious of ADA.
LatinAggie1997
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NTXAg10 said:

Go back and find one post, in either of the crypto threads, where I've said ETH is super to ADA. One doesn't have to be an ETH homer if they're suspicious of ADA.


1. I am addressing your targeted comment on "my dismissing anyone that disagrees me".
2. I specifically stated people in general and not you.
3. It seems your biggest complaint is that Cardano is not rushing the project and is deliberately taking the time to ensure there won't be future issues.

I go back to the warship analogy. I would rather invest in a destroyer being built from scratch with the best (peer reviewed) tech than to try and convert and improve a battleship while out at sea.
TxAG#2011
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LatinAggie1997 said:

NTXAg10 said:

The answer to your question is no. ADA does not currently have institutional acceptance. I'd imagine it's largely for the reasons you've noted.

It's as speculative of a risk as 99% of the ****coins that have big promises and minimal current use case. No matter what the "Charles" fanboys on this thread will say.

I own a 1000 ADA and won't be going higher until I see the working product.




I consider myself of "fanboy" of Charles and Cardano. I believe in the vision and the technology so it isn't a slight in my opinion.

What is far worse having a tribal mentality. Allegiance to an inferior technology that is desperately trying to correct multiple flaws is nonsensical.

Personally, I would choose an Arleigh Burke class destroyer still at dry dock over a battleship at sea.
Worked out pretty well for Bitcoin.
Krombopulos Michael
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There are other tokens that offer better functionality, smart contracts, and lower gas costs than ETH. ADA is just one of them.

ETH was the first out of the gate. It's got a good network effect but those fees are going to cause businesses to look for lower cost solutions. From what I've heard (I don't code), migration from ETH to other platforms will be relatively easy.

It's blockchain wild west, being first isn't always best. AOL was a giant back in the day, ran super bowl adds, then got crushed by the competition..... I'm thinking that Vitalik (brilliant as he is) and his development team might not realize how tough competition is going to be in the industry. There have been all sorts of issues with ETH (see ETH Classic) in the past and probably will be more going forward. I have ETH in my portfolio but that doesn't mean I won't invest in others.

Destroyers are great. I want a hypersonic stealth bomber...
LatinAggie1997
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MuchosPollos said:

There are other tokens that offer better functionality, smart contracts, and lower gas costs than ETH. ADA is just one of them.

ETH was the first out of the gate. It's got a good network effect but those fees are going to cause businesses to look for lower cost solutions. From what I've heard (I don't code), migration from ETH to other platforms will be relatively easy.

It's blockchain wild west, being first isn't always best. AOL was a giant back in the day, ran super bowl adds, then got crushed by the competition..... I'm thinking that Vitalik (brilliant as he is) and his development team might not realize how tough competition is going to be in the industry. There have been all sorts of issues with ETH (see ETH Classic) in the past and probably will be more going forward. I have ETH in my portfolio but that doesn't mean I won't invest in others.

Destroyers are great. I want a hypersonic stealth bomber...



I've made the same exact comments before with the addition that I like Cardano's approach and vision best out of Cosmos, DOT, etc.

I also have ETH but sold 80% of my position a while back to increase my ADA bag.
Hendrix
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Quote:

Personally, I would choose an Arleigh Burke class destroyer still at dry dock over a battleship at sea.
I'm going to use this. Thanks. As I've said on here before I'm a big believer and investor in cardano. Do your own due diligence. Good luck.
administrative errors
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TxAG#2011 said:

LatinAggie1997 said:

NTXAg10 said:

The answer to your question is no. ADA does not currently have institutional acceptance. I'd imagine it's largely for the reasons you've noted.

It's as speculative of a risk as 99% of the ****coins that have big promises and minimal current use case. No matter what the "Charles" fanboys on this thread will say.

I own a 1000 ADA and won't be going higher until I see the working product.




I consider myself of "fanboy" of Charles and Cardano. I believe in the vision and the technology so it isn't a slight in my opinion.

What is far worse having a tribal mentality. Allegiance to an inferior technology that is desperately trying to correct multiple flaws is nonsensical.

Personally, I would choose an Arleigh Burke class destroyer still at dry dock over a battleship at sea.
Worked out pretty well for Bitcoin.


Whats nonsensical is that a protocol doesn't change or improve over time. It's code and it's constantly improved upon. Bitcoin's code was launched in 2009 and has had nearly zero failures in 12 years, meanwhile multiple improvements, and multiple philosophical arguments that resulted in forks [bch/btg/etc].

There is no desperation to correct a flaw.

Eth has had multiple failures since launch, and is getting bogged down with a number of things since the launch of cryptokitties and nfts among other projects. Transitioning to proof of stake over proof of work, imo is flawed, and I'm excited to be proven wrong and see it succeed. Cardano barely even exists, and flaws are yet to be discovered.
LatinAggie1997
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Cardano and Oil & Gas??

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by user
LatinAggie1997
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ac04 said:

i don't have a real strong opinion on cardano either way, but seeing anyone fall in love with any ****coin makes me pretty nervous. that is a real good way to wind up bag holding through a bear market.


Yeah, many of us are planning on holding until the next Bull market and buying the dip along the way.

No day trading here...Hodl Hodl Hodl

Edited to add.

Selling all other alt coins at peak (or close hopefully) * and putting it into BTC and ADA
OR
Putting half into BTC and ADA * and then buying back into a few favorites.

*After subtracting taxes naturally.

I won't sell ADA because my belief is it won't drop like others have historically. If I'm wrong it is okay as I have over 12k ADA at a cost average of $.98



AgPrognosticator
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ac04 said:

i don't have a real strong opinion on cardano either way, but seeing anyone fall in love with any ****coin makes me pretty nervous. that is a real good way to wind up bag holding through a bear market.


Lol, what a terrible hot take. ETH was considered a ****coin by many experts in 2018 & 2019.

Was so ****ty that we all coulda retired on it...
LatinAggie1997
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Positive news for our favorite unworkable token.

https://www.coindesk.com/cardano-nervos-force-bridge-network-first
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