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Posted on 7/11/22 at 10:58 pm to Jon Ham
quote:
Realistic hope would be a 5x within 4-5 years with the potential for even better returns.
Then the list is solid. I personally don't like Cardano but it's probably going to be fine.
Posted on 7/11/22 at 11:12 pm to MrSpock
I’ve basically taken a crypto crash course these last few weeks and still feel like I’ve only scratched the surface, but my read on Cardano is that it’s like the academic who is hyper focused on procedure and advancement in its field without the focus/leadership to cash in on its potential. But it seems like many people who know better than I see great potential in what Cardano is doing, and since we are still so early in this game Cardano still has time to catch up and explode past the others if it gets its shite together so I reluctantly feel like I need to place a small bet on them.
Posted on 7/12/22 at 5:36 am to Jon Ham
quote:
Im close to finalizing my diversification plan. Any critiques? 28% BTC 22% ETH 11% MATIC 11% SOL 11% DOT 6.5% AVAX 6.5% ADA 4% LINK
No HEX?
Posted on 7/12/22 at 6:16 am to Jon Ham
Cardano has MASSIVE technical limitation hurdles to cross being a UTXO chsin. They supposedly have solutions to their scalability problems but I am highly highly skeptical. I held onto ADA for a while but when Sundaeswap released it became painfully obvious that Cardano is a long way from achieving scale. The programming language Plutus is based on, Haskell, is also absurd. That said, I am a fan of their PoS and node/validator setup. Just get a Daedalus wallet and it's a full node lol.
Now that its cheap I may take a flyer on it again.
Now that its cheap I may take a flyer on it again.
This post was edited on 7/12/22 at 6:23 am
Posted on 7/12/22 at 7:20 am to Ron Cheramie
quote:
No HEX?
I did buy a tiny amount of HEX. I consider that more of a gamble than an investment though.
Posted on 7/12/22 at 8:01 am to Hulkklogan
About ~2ish years ago some buddies of mine were all hyped up about Cardano and I bought into the fervor and bought me some. It is currently worth way, way less than what I paid. It's not some massive amount of money or antyhign so it's fine just sitting there, but ultimately I would prefer (obviously...) for it not to be a complete throwaway. What are your thoguhts on when ADA might start making moves again and reaching new highs?
Posted on 7/12/22 at 8:08 am to WG_Dawg
I'd say when they show they have a working product, but it pumped without a working product, so who knows.
Sundaeswap was a disaster. Hell, I haven't even claimed my tokens yet because I don't want to pay the fee for worthless tokens.
Sundaeswap was a disaster. Hell, I haven't even claimed my tokens yet because I don't want to pay the fee for worthless tokens.
Posted on 7/12/22 at 8:59 am to BottomlandBrew
From Bloomberg:
quote:
The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses.
The largest digital token has traced a so-called rising wedge, which technical analysts view as a kind of calm before the storm -- a temporary hiatus in episodes of often intense downward pressure on an asset’s price.
A rising wedge also formed between May and June, snapping an earlier sharp retreat in Bitcoin, only to give way to a 42% slump that took the virtual coin to $17,600 from more than $30,000.
Posted on 7/12/22 at 9:46 am to WG_Dawg
quote:
About ~2ish years ago some buddies of mine were all hyped up about Cardano and I bought into the fervor and bought me some. It is currently worth way, way less than what I paid. It's not some massive amount of money or antyhign so it's fine just sitting there, but ultimately I would prefer (obviously...) for it not to be a complete throwaway. What are your thoguhts on when ADA might start making moves again and reaching new highs?
Anyone's guess is as good as mine, but as long as the market is in bear mode, don't expect it to go up.
It'll go back up when the market goes back to bull, but for it to really blow up, they are a long, long ways away. Think about how much congestion is on the Ethereum network with 14TPS throughput. Cardano in its current state is like 7TPS, and when Hydra comes out, it will scale throughput for simple txs like moving money, but it won't scale dapp transcations (if I understand correctly).
Cardano, unlike ETH, doesn't do a fee market, so when there's heavy congestion, your tx just sits and sits in a queue. The sundaeswap fiasco had some people waiting 5+ days for their tx to settle. Now that the market is down, it may not be so bad, but it's a really bad sign for the long-term outlook for Cardano.
Posted on 7/12/22 at 9:56 am to Hulkklogan
Yea everything works in a white paper and testnets. Once live, the real shite begins and there hasn't been a Layer 1 chain yet to beat everything ETH can do. Which sucks.
Posted on 7/12/22 at 9:57 am to Jon Ham
quote:
From Bloomberg:
quote:
The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses.
The largest digital token has traced a so-called rising wedge, which technical analysts view as a kind of calm before the storm -- a temporary hiatus in episodes of often intense downward pressure on an asset’s price.
A rising wedge also formed between May and June, snapping an earlier sharp retreat in Bitcoin, only to give way to a 42% slump that took the virtual coin to $17,600 from more than $30,000.
They only pattern worth following is the halving cycles.
Posted on 7/12/22 at 10:09 am to JayDeerTay84
quote:
Yea everything works in a white paper and testnets. Once live, the real shite begins and there hasn't been a Layer 1 chain yet to beat everything ETH can do. Which sucks.
Some of my favorite posts from the time were the ADA maxis
"yeah it took 6 days for my transaction to settle but im planning to leave my money in the pool for a long time anyway, so who cares?"
There was some serious copium lmfao.
ETH's fee market can make it stupid expensive to use, but if you've got the scratch you can always use it. That's why institutions went to ETH. They've always got the money to transact if shite hits the fan.
This post was edited on 7/12/22 at 10:10 am
Posted on 7/12/22 at 10:23 am to Hulkklogan
quote:
ETH's fee market can make it stupid expensive to use, but if you've got the scratch you can always use it. That's why institutions went to ETH. They've always got the money to transact if shite hits the fan.
It's like tools. Your professional will buy name-brand tools that last. Your weekend DIYer will buy Harbor Freight stuff that breaks on it's second use.
Posted on 7/12/22 at 10:36 am to Hulkklogan
quote:
Hulkklogan
so with all that said, is there even any reason to hold ADA long term?
Posted on 7/12/22 at 1:34 pm to WG_Dawg
Hold onto it long enough for the next bull market to at least get your money back - but I think you'll have a better time investing in other L1s that have scaling baked into the protocol from jump. I'm pretty bullish on AVAX, actually.
Posted on 7/12/22 at 1:37 pm to Hulkklogan
quote:
AVAX
Doesn't AVAX have a clunky multi token system like BSC?
Posted on 7/12/22 at 1:40 pm to tenderfoot tigah
That's how non-native assets get bridged into any L1 that doesn't settle directly to ETH, so yes.
Until protocols like LayerZero get adopted, those shitty bridges are the way to get money from one L1 to another.
Until protocols like LayerZero get adopted, those shitty bridges are the way to get money from one L1 to another.
Posted on 7/12/22 at 1:47 pm to Hulkklogan
With Solana, I send it to my wallet from Coinbase. It's super smooth process.
With tokens like BNB, I don't even know if I have the right token.
With tokens like BNB, I don't even know if I have the right token.
This post was edited on 7/12/22 at 2:04 pm
Posted on 7/12/22 at 2:42 pm to tenderfoot tigah
Pretty sure Avalanche is supported on Coinbase so you should be able to send AVAX straight to a C-chain address. Any other tokens are a different story
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