Hold it like its gold


#1

We must stop big pumps and dumps,just buy and hold if you are a long term buyer,
this is how we can help ada to move slowly but continuously…


#2

HODL like it’s GODL?


#3

Yea, especially if you want to participate in the POS and earn some Ada.


#4

BCH is next.


#5

Tough climb, but I can see it happening Q4 2018.


#6

Can u explain pos plz?


#7

@Alperella
In simple way, you hold :ada: and earn some interest in :ada: . There is no need of heavy mining hardware as we require in bitcoin mining.
From technical aspects you can visit cardanodocs.com


#8

My ada’s already in dadelous wallet so do i need to do anything to activate this


#9

No just wait for the reward phase = POS.


#10

Ok thanks for reply so this reward already started or in the future??


#11

Probably Q2 2018. They will be slowly rolling it out around Q1 2018 and start adding more functionality to it.


#12

so to take part in these rewards, no further action is needed except to hold ADA? do you have to hold it in the daedalus wallet or will a paper one do; or any exchange where you bought? i guess what i’m getting at is if the moment you buy ADA is it registered on the blockchain?

also, i’m having difficulty withdrawing from binance b/c the daedalus address is too long; when i cut and paste i can’t get the last few characters to confirm on binance in the address box, even by pressing the directional keys…


#13

You’d have to hold it in your Daedalus wallet from my understanding.

See:


#14

To be on safer side, you just don’t transfer :ada: from exchange to wallet or vice-versa till Shelley phase is properly launched.
You are taking risk by storing :ada: in exchange wallet because exchange can have n number of problems such as hacks.
If it’s of utmost important that you have to transfer your :ada: now then you should consider risk factors first.
So, think about every possible outcome then decide.
Final decision should be yours.
:blush:

Note- It’s highly recommend that after Shelley phase launch and wallet properly functioning , you should store :ada: only in official wallet .


#15

So, for the moment it’s safer to store adas in exchange than transfer adas from exchange to Daedalus wallet ?


#16

There is a button to copy the daedalus address in the wallet


#17

If your exchange is bittrex and binance then it’s relatively safer for this time period before Shelley phase complete launch.
As I mentioned above there are other risk factors of exchanges.
Final decision should be yours.
:blush:

Note- After Shelley phase launch and proper official wallet functioning then you should store :ada: in official wallet only.


#18

i want to get it out of the exchange ASAP, but things are not cooperating with the scenario i explained previously–if i can’t confirm the last few digits, i won’t transfer. you said DON’T transfer from exchange directly to wallet-- can you suggest some other route that is safer or somewhere to store it until the shelley phase?


#19

I don’t think he/she meant to type “DON’T” there… based on his follow-up statement of taking a risk storing it on an exchange.


#20

If you are in Bittrex exchange then at this moment wallet is inactive.
Now if you have decided that you want to transfer :ada: after understanding it’s risk factors.
Then for further updates check Bittrex site status for :ada: .
https://bittrex.com/Status