I’ve been reading this Forum fairly regularly in the last few months and finally decided to signup today!
It didn’t take me long after finding and researching the Cardano project to realise that this was and is the one i want to and will continue to invest in for the future. For similar reasons to many of you i’m sure; the technological superiority to other coins/blockchains, the method of work, albeit slower than some other competing projects feels justifiable for the quality being delivered and the groundbreaking developments / issues being solved in this space - so in actual fact, relatively it’s probably not slower at all. There are numerous other factors but there’s no need for me to relay what most here already know anymore than i have done already.
I believe in the project (Charles’ no bullshit approach in general / his YouTube videos helped a lot with this) and i believe in the long-term potential for it to dominate the crypto-currency market. I would be lying though if i said i wasn’t looking for a healthy ROI and crossing my fingers and hoping for something astronomical! Although of course i’m not relying on this type of outcome. For that reason though i’m quite curious about certain things that could affect the future price of ADA.
If i have understood certain information correctly, in the long term other Crypto-Currencies could potentially and will most likely hook into Cardano’s Blockchain in order to (for example) make use of higher/more efficient transactions per second. Now perhaps i’m missing something here but it feels to me like this is a bit of a kick in the teeth to those of us who have been invested in and supporting this project in the long run. I understand that different Currencies can co-exist but why do we want this exactly? Surely if ADA is to become #1 and increase in price substantially it would be better to reduce competition not assist the continued existence of said competitors?
I understand that this project was not started for the purpose of simply making all of the early adopters very wealthy in the long-term and there are a lot of people on this planet who stand to benefit from the ability to use crypto-currency in their daily lives / other great ethical purposes. However, if sounds a bit lackadaisical to me for those in charge not do everything possible to drive the value of 1 ADA as high as possible… Because surely this is the strongest sign of the strength of the project and currency and it’s a pretty fierce marketplace full of competitors with new ones popping up all the time.
I’m still hopeful for the future and again, i understand that there is a much bigger picture here than just a big ROI for investors and that if the project succeeds this ‘bigger picture’ will likely mean we all do pretty well providing we bought in early enough, but in all honesty there have been various pieces of information I’ve read lately that do give me slight concerns about how the future will play out.