To be honest, I kinda agree with the TS, mostly of us especially who donât understand deeply about blockchain are thinking coin as an investment. I think it will be better if this forum can open a new subforum to discuss about price.
I agree with the idea that probably this forum can give some room (sub forum) that can talk about price movement, trading, anything that price related. But to make reasonable ROI (like each year) I think it is hard to achieve. If you see big cap tech stock like Apple, Microsoft, amazon, etc⌠I think they are flat for a long time, then suddenly boom! It is hard to make gradual increase. Usually they either booming or sudden crash.
The forum is for folks interested in the project, like @Zyroxa said, but some of them are also investors (there is even a Trading category).
Reading this thread, it sounds so greedy. Cardano has been as lucrative as any other successful crypto around, and if you invested only a year ago you would have ~x20 ROI today.
More than that, Iâm sad there seems to be no more patience for quality projects, and the understanding that great things represent a colossal investment, and that includes time.
Sure, Bitcoin & Eth moved a bit more than Ada recently, but does that mean the sky is falling?
Iâd guess most folks around here donât mind. For us itâs the long game, because we appreciate the fundamentals of the project, and the community.
Looking beyond the little crypto pond I donât understand how people can justify this urgency to get massive returns on their money.
You are likely very early. What can we tell from the short term movement of price?
A farmer gets a horse, which soon runs away. A neighbor says, âThatâs bad news.â The farmer replies, âWho can say?â
The horse comes back and brings another horse with him. âSuch good newsâ says the neighbour. âWho can say?â replies the farmer.
The farmer gives the second horse to his son, who rides it, then is thrown and badly breaks his leg.
âSo sorry for your bad news,â says the concerned neighbor. âWho can say?â the farmer replies.
In a week or so, the emperorâs men come and take every able-bodied young man to fight in a war. The farmerâs son is spared.
I just meant the general vibe in the crypto market - edited to reflect that.
Guess I assumed if you invested in Ada more than a few months ago, you would be pleased with your returns.
If one reviews which ever measurement of growth he or she chooses, over the long term (1- 3 years) there is astounding growth. The community is growing, The CIP is flush, the number of transactions per epoch continues to grow steadily. The last I check it was 400,000 a week. I believe there are now 1 million wallets. Staking works beautifully. Dexs are coming and you will then be able to lend your ADA at a fantastic return. The price has moved from .20 to 3.00 and down to approx $2.00. The IOHK team, Emurgo and the Foundation cannot predict or control prices. They continue to build the project. It will be a multi generational project. Patience and foresight are required to hang in there. Still,m it is wise to diversify too. I sympathies greatly, the price will seem to stagnate for months on end! Then make a strong move but suddenly fall back! IT is the nature of crypto.
My two cents to the price: lower price helps projects on cardano. The fees are low, the CNFT space is able to use this environment to test congestion of cardano and all that brings capabilities to improve the whole project.
Like the trading category? Trading - Cardano Forum it is there, we are just hiding the topics in the overview as the are technically the same over many years and usually donât add any new value.
Itâs only human nature to get excited when the price moves forwardâŚI appreciate the original post for itâs honesty.
I also suspect that Iâm not alone waiting to see if projects are implemented or move across from other chains.
If after a reasonable time there is little indication that Cardano is going to have serious adoption, then Iâd be looking elsewhere.
Some interesting points of view and answers guys. I thank you all for your input.
As for horses, farmers, war and sons, well sorry, âshwooooooooshâ as that one went straight over my head! WTF?!
