Beginners' Questions for starting


#1

Hello all!
I am very excited about the Cardano project and wanna be part of it, but first of all I hope some good souls can help me in these very first questions regarding the processes:

  1. Is it possibile to buy and store Ada for long time, in order to convert them when higher rate?
  2. Concerning Deadalus Wallet, does it need to be opened 24/7 for syncing or it can be just opened once in a while? How things affect PoS?

Really thanks a lot for anyone who could help me!!


#2
  1. Yes, buy and hold in Daedalus.
  2. Can be opened once in a while but the longer you leave it, the longer it takes to sync the blockchain before you can do anything with it. I usually run it about once a day and it takes a few minutes to come up. We don’t know many of the details about staking yet but IMO it’s almost certainly going to be best for small holders to stake using pools, so no need to run Daedalus in that case (except to update it as mentioned).

#3

Many Thanks @RobJF !

Your reply was really helpful!

Have a good day mate :slight_smile: