Look at it like this - you may have miss the opportunity to get in extremely early at the .01, .12, .50 etc - but Cardano is currently fluctuating between $1.04 and $1.19 (at the time of this post). I believe this is going to be a big year for Cardano (Smart contracts, NFT market place, low gas fees etc.). Take today for example, Coinbase just announced they will be supporting Cardano (ADA). This is huge and will allow more to buy ADA easier. Aside from that Charles and IOHK’s vision for the future is going to change economies of struggling countries - get behind that!
But let’s talk money…If you buy in starting now you are basically at a little over a dollar. Growth is just starting. In the past 6 months ADA went up .60 to .90 cents (it fluxes). So over the course of the next year, say ADA goes up again maybe to $2. You just doubled your money and you did nothing. What about that .04 to .19 cents you ask? Well, if you stake your ADA you will over time earn that back and it will even out and generate more (passive income). Say it goes up to $3 or $4. Well, if you only bought $100 of ADA it just went up to $300/$400 - not rich, but not bad.
I’m no financial advisor and these are just my thoughts - but now is still a good time to get in. Do your research and find another crypto you can also get behind. I like VeChain because it’s smart and makes sense and they have a plan - plus it’s early and easy to get in as well. Others like Polkadot, THETA or still like Ripple (XRP). Do your research, be smart - don’t put all your eggs in 1 basket.
No, I don’t think you’ve missed anything. There are always opportunities in the crypto space. You just feel this way because the prices went up so quickly. Some still remember 2017 when we missed the boat to buy Bitcoin, Ethereum or other coins cheap and then all crashed down and the boat came back to shore
You need to change your mentality and ask yourself why you are in the crypto space in the first place. If you like Cardano, the technology, philosophy and the vision for the future behind the project then I would say that the boat has not even sailed yet. Just make a plan on what you want to achieve and follow it.
p.s. - you couldn’t buy it til 2009, and unless you trusted him fully with your finances at 13, you wouldn’t have been able to until much later. 'Twas a skill to hold $btc then and for many years. But great story.
Entire governments will run on Cardano… for that reason all crypto “big names” projects will want to be on Cardano too to provide their services to millions of people. All this without counting the increase in efficiency and effectiveness of the platform per se.
IMHO Cardano can easily reach 1k$ in the near future 21-25, but we’ll see what the market says,
If you want to ride a intergalactic rocket that makes you billionaire, then create a good project in Cardano and work for people adopt it. It easy to say I would have invested in BTC at 0.08$ now that it’s at 60k. Few had the knowledge of it and fewer really believe it to the point to invest and hold it.
We are at the brink of a human change, tons of opportunities will come best ones are if you create something. Cardano is a great financial investment but a better development platform to build for humanity where it can change your financial situation as well as millions of people that will use it.
Agreed. Way back then he was talking about Bitcoin and as I stated he suggested I buy the coin years ago. I would not have trusted my 13 year old with my finances no way! As stated I ignored him and the coin regardless of his insistence over the years and I really wish I hadn’t. Luckily companies like Cardano make crypto much easier for dummies like me. I’m not computer savvy but with so many helpful people, youtube videos and Hoskinson AMAs I have learned a lot!
I hold $ADA but I’d urge you to consider your investment strategy as it appears emotive.
I looked into buying Bitcoin in 2012 and would have purchased around 2000, but I couldn’t work out how to and in the end gave up. My outlook today is I can’t lose what I never had. Sure it would have been worth some $110m today but I never did it, therefore never had it and never risked it.
My purchase of ADA in 2018 was after losing on XRP, I lost around £7000. I researched the project and put the remaining capital into Cardano. All of it money I could lose and not worry about. I’ve taken some $60k out since then and hold enough to be happy without worrying about it. If Cardano goes to nothing, seems unlikely but lots of things could cause that, all I lose is profit. I get to sleep at nights. Might be worth doing a self check about what you have in your pot and what happens if the unthinkable happens, can you walk away without worry? Crypto remains a high risk space, I fully believe in the project but walking carefully and sleeping soundly are worthwhile things to aim for
It isn’t emotional for me at all. My husband and I made some lifestyle changes and money spent on wasteful things has now been re-directed to ADA. I can live without 6 dollar coffees and 200 dollar hair appointments at the salon. I am very aware of never putting in what you aren’t willing to lose and the instability of crypto. We’ve done our research for sure. This is very long term for us so ADA goes to the wallet then gets delegated. We obtain more on the dips and will keep building slowly while educating ourselves and paying attention to what’s happening on a daily basis. There is still so much to learn and I am grateful for any advice and help from the people in this community. It is important to research and know what this is all about and being careful. “Never spend more than you’re willing to lose” is the best advice ever and my mantra.
Even is someone had told you about bitcoin in the beginning would you have invested. It was just an idea that may have led to nothing.
I am sure a lot of people thought that Ethereum was just a copycat and like Facebook they don’t seem to amount to anything, so this was also a risk.
Near the beginning Cardano was just a concept they had no idea how they would resolve the near insurmountable problems they would have to resolve. Those plans are now starting to come to fruition, so you are in an ideal position to become part of it. This will still be seen as the beginning.
To me (and this is only my opinion, not a financial adviser) I see ADA as at least as safe as £ or $ with a very high probability of increasing in value considerably and hopefully the possibility of making the world a much better place. I would invest just for the last part.
There are still plenty of more risky options with lower market caps and some of these may make massive gains but could also flop completely and most probably will.
The good thing in crypto is that in the current phase there will be a lot of new boat’s which are unlikely to sink, some will sink though and some will make it to the promised land It is paramount to educate yourself a bit though before investing your money. ADA is still in the harbour though, I hope for you that you jumped in when you started the discussion as it is pumping nicely at the moment!
I also missed to get in before this bull run but I started to educate myself in January this year and caught some ADA at 0,3$ …not enough to become a millionaire but it still feels nice to see it grow
I was one of the first group of 8 gamers who were recruited from a gaming forum to test mine the very first cryptocurrency. most of my old crypto friends are now developers and holding other jobs in crypto if not millionaires (ie Thrasher/LTC, Smooth/Monero, Sammy%…).
I stuck with a normal job (business systems analysis), and now am retired and doing just fine trading stocks/crypto and doing data analysis.
I guess some would say I missed a lot of boats, but I feel good about spending my life being productive. Don’t worry OP, just stock up on coins when they hit the floor this summer and if history repeats, there will be a new boat at the docks in approx 3-4 yrs! BTW Nice forum/community people!
We sold off some ADA to retrieve our stake capital at 0.2, so I hold today 50% of what we did in the summer last year but whilst that currently is a significant reduction in total gain I have zero risk. I occasionally do the maths and think ‘if only’ but the truth is I’d make the same decision today. I can sleep soundly so don’t ever regret past decisions, they were always right for that time.
With regard to ADA and the future currently folk are obsessed with market caps based on historical data from other crypto. Bitcoin has a cap of a trillion since 2009, only 12 years and is still affected by stock fluctuations instead of being counter cyclical like gold. It probably needs to rise by five times to start to achieve that. If ADA reached the same point it would be worth $32 but it clearly offers significant advantages over bitcoin, not least much less environmental impact. The utilisation of ADA for governance, trust in a post truth environment and avoidance of fraudulent practices and fake news has a potential far beyond bitcoin. It’s feasible today that a global recession, due to the pandemic, could see crypto sink to the floor for a while, ADA could hit the 0.02 level again regardless of its potential. However even if it didn’t drop below $1 it still has an upside beyond current expectations. The DeFI market alone is worth $155tn, cross border payments in excess of 4 quad trillion US dollars and that’s before you look at running elections for countries, regulating out scams from social media, weighting news to remove fakes etc etc. It seems impossible today but if Cardano does reach its full potential, a position it is uniquely placed to obtain, then there’s no reason why it couldn’t have a valuation based around Lovelace being a $0.05! I think that would give an ADA token price of around $5k with a market cap of $160tn. Seems ridiculous to even write that but then had you said Bitcoin could be worth $55k in 2009 folk would have laughed. Only one unknown person thought differently and today Hoskinson and his team are derided for emulating thinking differently. Time will tell but I suspect that if someone holds 1000 ADA today that could be a big deal in 2031
I tell my friends that 500 ADA is the minimum; with an avg. annual ROA of 5%, it’s the best way of having, ATM, some valueable passive income for the near future.
As per the rest of what you say, only the future will tell! One thing I’m sure, we are living the most dynamic epoch in ages… We can’t even predict what preceeds the next 100 days, let alone 10 years! And in fact we are already experiencing it. Who coud’ve predict in january 2020 that we would be living like this in march 2021?
So… your son is Satoshi Nakamoto?
That can be the only explanation if he suggested buying Bitcoin in 2008.
The Bitcoin white paper was not released until 30th October 2008, and the first Bitcoin genesis block was mined January 3rd 2009.
OHH, no, he’s not Satoshi. He was just a kid back then. Sorry for the confusion. He had heard about Bitcoin and told me about it. That is all. My apologies for being wrong on exact dates and times. He talked alot about the coin and had stated that it would be cool and that a lot of people on the internet were talking about it. Thanks for setting me straight!
It is paramount to educate yourself a bit though before investing your money. ADA is still in the harbour though, I hope for you that you jumped in when you started the discussion as it is pumping nicely at the moment!
