I would assume it is as seamless to not be frozen at all (or for a very short period), that it could be unlocked within seconds. But I dont know, I havent looked into this. Can you confirm they are locked for this long? or do you have information on it? I dont see any reason it should be like this… But I am not a developer on the technical workings of the underlying blockchain, it doesnt really interest me, so I am sure someone can answer this in the forum.
I mean the perfect system would be on where they are not locked at all, they are staked, but you could spend them immediately, just like having them in your wallet. I assume it would be like this, that would be the best solution. So they just sit there, staking while idle.
Yep agree there’s need for some clarification, hence the whole thread. I’m pretty sure you won’t have access to staked once it’s locked though, unless you want to loose your slot position @jb455
I dont think the information is even out yet, as everything is yet to be finalized. To me it is kinda irrelevant, even if they are locked a week - it doesn’t change much, though I do think there would be less participation… Which is a bad thing for the network, but a good thing for people staking lol… But if anyone on the forum have the answers, go ahead.
I was under the impression you could stake and unstake at will. Mostly because you never relinquish control over your Ada. They are always in your wallet be it Daedalus or paper. No firm answer yet though to my knowledge how this works.
@SeanAlimov… assume you get153 ADA a week for staking…imagine ADA gets to a point where each is 1 dollar, that is 153 dollars a week…for just staking…what if ADA gets to 2 dollars?..306 a week is not bad and what about ADA 4 dollars?..you get my drift… you can be making money just sitting at home …cashing out the stake rewards for toys, re-invest or invest in other projects (may be most coins will migrate to Cardano blockchain…)
Yeah and after that comment it went straight to 13.9, and I am more than fine, I was in ONT and WAN during most of the run up ended up pretty much at the exact same spot in ADA, even though they rallied a lot more.
Also I doubled my stack during the run from 0.2850 to 0.125
At this point I am more than satisfied with my ADA, but I am not loading up to a full position. I dont care if this is the bottom and it takes off and never visits this area, thats awesome if it is! But I need a better Risk/Reward for me to put in more.
The move that started all of this was BTC with a highly suspicious pump, highlikely manufactured by a individual/group. BTC was about to rollover. Its been ETH that has carried the market from there on, suspecting it is easier to pump than BTC, and also EOS that has been dragging up ADA. Can that pump reignite the bull-market? and release the FOMO to new highs? That is the question.If it doesnt, we can easily go to 0.10, 0.05 and lower, and thats a much more interesting risk/reward for me.
ADA has already had an amazing run from 0.0025 to 1.3$ - 1.3 to 0.125 is just a correction, It is not a bear market style crash. The same goes for ETH, BTC etc.
Cardano is at 8B market cap right now… I can buy into huge enterprises with highly valuable, stable and income producing assets at this price… Now if we 10x without any adoption it is just even more ridiculous. If we are in bear market we wont be going anywhere this year. We will see how things play out, although Cardano could gain marketshare and increase, even in a overall falling market.
Just wondering what most on here think will be a ballpark timeline for launch of their platform. Apologies in advance if this has been discussed before… Thanks!