Originally Posted by Hog's Gone Fishin:
Would you wait for a pull back or just jump right in?
DCA is the proven method and I'd start now.
Something to note: Every month this entire year there's a dip at this time. Date between 19-23rd and Monday - Wednesday. Except for the May dip. That happened during a weekend. Look at June and July. They stand out. And if you look closer, it's happening every month. [Reply]
Originally Posted by eDave:
DCA is the proven method and I'd start now.
Something to note: Every month this entire year there's a dip at this time. Date between 19-23rd and Monday - Wednesday. Except for the May dip. That happened during a weekend. Look at June and July. They stand out. And if you look closer, it's happening every month.
Originally Posted by Trivers:
Sorry, too simple of question....when do you know to sell? Why $3.50?
I look at sell walls. Basically riding the coat tails of whales. $3.50 is the highly expected price going into Smart Contracts going live. The sell wall there is MASSIVE right now. [Reply]
Originally Posted by |Zach|:
ADA seems like it’s doing a lot of things well. I am jumping into ALGO as something with growth potential.
Are smart contracts and all the business related applications of Cordana really going to boost ADA?
Eth gas fees are too high and ADA has that solved. Lot being build on ADA including bridges that will let some of the Eth contracts be run on ADA using the ADA fees. Eth 2.0 is on the horizon at some point though. So Eth has a big headstart and some people will wait on Eth 2.0. I still feel like ADA has a very real possibility of taking the number 2 spot. Not this year but maybe in the next 5.
On just dollars, lots of people think ADA could hit 5-10 this year. I do think 5 has a very good chance of happening. I think it'll go to 3.50 this week and I think there'll be a pullback close to the 12th sometime. Then I think we'll see a bit more of a run up in Oct/Nov.
That's a lot of "I thinks". I'm watching it everyday and trying to get a good grasp on it but honestly who knows. It could all crash tomorrow. [Reply]
Shaid nailed the outlook for ADA. I'd only add that ETH 2.0 is about 2 years out still and that's a long time in crypto time. And the new bridge across will move a lot of business over. Just keep an eye on both, diversify into both if that's your thing, and get in tune with the community. Those winds will guide you.
Solano is worth looking at. I'd be a multi, multy millionaire if I'd had bought at a dollar, like a month ago. [Reply]
Being new to the scene it is tough to cut through the signal to noise ratio in regards to news and trends sometimes. Really seems to be a flood of shitcoins. And it is funny because it is hard for me to describe it but I feel like I know it when I see it. [Reply]
In August of 2019 I put $38K into Bitcoin. A couple of weeks later I upped it to $55K. And I was under water pretty bad for a year.
Today, that $55K is worth $501.7K. If I were to put all that into Kucoin @ .085%/day for margin lending, I'd have $12.5K passive gross income. Per month. With no risk. [Reply]
Originally Posted by eDave:
In August of 2019 I put $38K into Bitcoin. A couple of weeks later I upped it to $55K. And I was under water pretty bad for a year.
Today, that $55K is worth $501.7K. If I were to put all that into Kucoin @ .085%/day for margin lending, I'd have $12.5K passive gross income. Per month. With no risk.
yeah, that Kucoin lending really is something I've thought of for a while but I figured that during the bullrun I'd leave it in. I also was debating if is would be better to pull it out and wait for middle of the bear market to add back in and just leave staked in Cardano to keep earning 5% continually. If I was at 500k, I'd probably be more apt to go the safer route. I'm basically trying to go the route you did in 2019, not quite as much of a base yet though. [Reply]