If you believe in the work that I0HK and their partners are doing then it is always a good time to invest. Donny’s advice is spot on and its nice to see some objective information on the topic.
The big questions surrounding investment in my view are long and short term goals. Depending on whether you want to invest into ADA long or short term will greatly impact how you should proceed. Also, never invest more than you can afford to loose. There is never a profit guarantee investing regardless of what market.
I was a day trader in the stock market up until February of this year (April 14th I sold my last stock position and went into crypto full time). I often held stocks between 24hrs-2 weeks. I would buy on dips and sell around 3-4% gains. I have since moved out of short term positions and into long term positions. Short term means constant monitoring and analysis due to the volatility in the market. It is high stress but high reward. Crypto is also a 24hr a day trade with no holidays so it is easy to wake up and see major changes in prices while you were sleeping.
Long term crypto is easy. It requires far less worry but it requires more fortitude and resolution to stay in the market during times of loss (all investments have periods of gains and losses).
The last thing I will mention is how indecision has cost me some excellent investments this year and last year. I am a fan of Tesla. I wanted to invest into some long term stocks during the mini stock market crash to 18k earlier this year. Tesla was down to $318 per share. I considered buying but I felt like it was overpriced due to the collapse and covid19 closures so I waited. The following week it was up to $400 and I was disappointed that I did not invest at $318 but I was committed to waiting until it dropped further. The following week it was up to $480 and of course today the stock is between $800-900.
I felt that $318 was too high but in retrospect if I would have purchased then I could have gained a tremendous amount. I had the same opportunity with Amazon at $1,200 and now its $2k and I passed on it (I invested mainly in semiconductor, pharmaceutical and gold mine companies).
I am not saying we will moon or even see anything above $10 but I can tell you that picking up ADA when it was $0.0214 has given me to-date gains higher than ANY investment I had in the stock market or in crypto EVER. When choosing to invest I encourage you to look long term and to focus on the upside. You are entering into the ADAsphere right when it is about to take off. You are not late to the party at all.
Just remember that paying off any debt, credit cards or student loans should be your highest priority in our current economy as debt = slavery to the system. Invest what you can afford to loose and try to remain level headed during times of fluctuation in value.
In my humble opinion, Cardano has the brightest future of all the cryptos and will soon be undeniable in its abilities and market cap. I am personally expecting ADA to value at $0.50-$1 by xmas of 2021 and I am often considered quite conservative in my estimates (hopeium is dangerous and the main reason I left bitcoin, 10k might be the moon no one wants).
Cardano has solid fundamentals, an amazing and intelligent team and one of the greatest potential upsides in crypto history. I haven’t regretted my investment in ADA once and it just keeps getting better and better every week.
Welcome to the forums, this is a place where we can all grow together and we are glad that you have joined us!
-Richard
