There will come a day when buying ADA for 1$ will be the biggest boat of all time to miss out on.
We are all early, this forum alone is proof. Cardano is this massive crypto monster and theres like, 40 replies in this thread, and its one of the biggest ones.
Crypto is literally just getting up onto its legs. Its a tiny chicken that JUST got out of its egg.
We have so much farther to go.
Agreed!
The problem is the instant gratification society we are living in.
The 1$ boat may even not stay ashore for much long.
cheers
I wouldn’t be surprised if ADA drops back to $0,70-ish within this year and I actually find that healthy.
The February surge was unreal and brought many “when moon” investors to ADA. As the price stays stagnant I can imagine them shifting to any coin that shows green on the charts.
A drop like that, with what is happening on the network and the ecosystem, would IMHO be very bad, it would be signalling newcomers that Cardano isn’t afterall what is said to be, hence holding them.
But there are many factors to account beside the fluctuations, so ultimately the price is a double-edged sword.
Don’t forget that those investors gave a boost to Cardano credibility; along with that they can’t cut short their position ATM so will be here for a while.
Take in consideration that only 54%, roughly, of the ADA HODLers are making a profit, thus making Cardano a busy network despite what one might think; another ATH would bring more credibility to the network = more ADA holders = more decentralization and so on.
cheers
@Michele_H If your son was involved in any gaming forums he could have been testing wallets and test mining as early as 2005 (that I know of). there was another coin name before BTC but I don’t remember the name and I don’t think it was ever launched to the public just a test project.
The way politics is headed Im betting over 100 million people are looking at Gold and Crypto right now, and this looks like a great project so you all hang in there and you will likely do very well IMO (for what its worth)! Great community btw!
What a nice story!
I’m also joined the crypto scene very late. But I think it will still develop much more in the next years. I don’t look so much at the value of the coins, it’s more of interest what is the value of the single blockchain and the projects have been build on it.
All the best
Tim
Except that in 2008-2010 you could easily get bitcoins in a quite large amount, just mining them with a regular computer, one block was 50 bitcoins. Also at early time there was bitcoin faucets where you could get 5 btc for free just by asking them ( Get 5 free bitcoins from freebitcoins.appspot.com ). So if your son was really so much into bitcoin at that time, he should have gotten some, in a large enough quantity so that he would have nothing to regret today.
Don’t feel that way! You will always miss every shot you don’t take. It’s never too late to join the future.
I missed the boat on Bitcoin, Ethereum, Litecoin and more. Life happens. I also was aware of the birth of Bitcoin, and was trying to build a modest mining machine at the time but could not afford it. Did not have the wisdom at the time to just buy some coins…when BTC was worth CENTS.
I could feel sorry for myself, but who knows ? I may have lost my wallet credentials, sold early…any number of things. The energy we take to feel sorry for ourselves, can be used for more productive activity. I have a watchlist on Messari of boats I have no intention of missing, and bought my tickets for the Cardano cruise already.
There will always be a boat, and you will always miss it if you are busy crying about the last one you missed and not at the ticket counter buying a ticket for the next boat. Learn from your past, don’t keep repeating it and wonder why your life’s results aren’t changing.
Make different decisions, take different action.
The price of entry into cryptocurrency is knowledge, and the knowledge is freely available everywhere.
Weigh the price of entry vs the cost of inaction and make a decision. Else we’re all just victims posting in a forum indulging in a stranger’s pity.
We’re still way early in the game. We’re a couple minutes in to the first quarter.
Hello,
I think that Cardano is one of the best blockchain project. If your are thinking ahead (long term) is never too late to dedicate time to understand this community and also delegate your investment in this spectacular project.
Try to invest dollar cost average methodology and HODL.
Stay tune!
“… it would be signalling newcomers that Cardano isn’t afterall what is said to be…”
I heard the same thing about bitcoin falling back to 5k after 20k.
“LOL, Bitcoin would lose all credibility, millions of portfolios destroyed with a drop below 10k…”
does anyone see a token created on ada chain that is on exchanges already?
I started in 2012 with Bitcoin.
Once I had 50 Bitcoin. But I had to sell most of it in 2014.
I only saved a little and sold the last in 2017.
I made good profit right then but missed out on millions right now. And ??? in the future.
One thing I learned is. Hold and wait for the tech to mature. Average Joe is sleepy and he needs time.
We are early on the boat. And even next year we are early on the boat.
And even the next 3 years we are early on the boat.
Right now tech of the future is being developed.
Only the day when the average Joe use the technology one would be late.
I bought several hundreds BTC from my part time job back in 2011, purely out of fun. If I didn’t remember wrongly it was less than $1 a piece.
Stupidly, I sold all of them because I was too lazy to track the price at that time. Yea, laugh at me for all you want.
I slowly crawled back into crypto over the past 18 months. Not a short trader, more a HOLDer now and looking to increase long-term value rather than short-term small profits.