The price of ADA

Hi!

What about the price of ADA?. It’s not logique to see ADA lower. It’s a great crypto!.

However, Sentiment, an analysis firm thinks there’s a loss of interest of the small investors. Perhaps it’s time to change some things againts CH’s opinion. For exemple the number of ADA in the market.

I hodl ADA. I don’t do trade.

What do you think?

Crypto in general is volatile. Currently, with inflationary worries, quantitative tightening/rising interest rates, supply chain concerns and unpredictability, possible recessions and of course the war in Ukraine - the entire global stock market has been chaotic. This has had further consequences for crypto (as with most stocks).

With all this instability right now, many are fearful and sell. While long term this isn’t very practical it makes sense if new investors are less familiar with downturns, or if one has a low risk tolerance. Hopefully this becomes less extreme as crypto gains favour over the next several years.

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That is easy, just take some fiat - your own of course, buy as much ADA on the market as you can, then take it out of market.

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The thing is, that - since years - every time, when Bitcoin goes down, ADA goes down relatively more. This shows, that the Exchange Rate to USD is driven by speculation and market trends and not by fundamental criterias.
This will change as soon as we will get Apps with Mass Adaption in Cardano, so that not only “crypto-Nerds” (as me) can see, that it is a superior web3 technology which makes your and other life better. Now it’s too abstract for most people and a lot of people, who bought ADA didn’t buy from convince, but because they want to make supposedly quick profits.
What can be the 1st Application with mass adaption? Perhaps IAGON with Online Storage? Other Proposals?
Vasil should prepare the ground for those Evolutions.

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Yes. I think the same. Cardano is a great project, but I cann’t see how the small and new investors can enter in the ecosystem of Cardano and to buy ADA.

To gain favour the next several years it’s necessary to have something else to offer to the investors like to earn some money.

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Ja, ja, ja. It doesn’t work. This isn’t a personal matter.

I’m trying to support the community of Cardano with some ideas.

I hope.

In any case, to accept massively it is necessary to change the price policy. And the number of ADA is important to set a price.

Let’s say you are right, and Charles agrees that we need less ADA. The only option I know is to burn some. Exactly how do you propose to do this.
Instead of giving the stake pool operators and delegators some we could burn it. Its decentralized Charles can’t do that, you’d need everyone to agree to burn their money. That’s not going to make them richer so why would they do this. So you tell me where does this ADA come from that we burn.

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Creo, que no hay que tocar el número de ADA circulante del Mercado, ADA se la compra por su proyecto y no por su precio, Eso hay que explicarle a los pequeños compradores. Solamente ellos cuando vean que la 5º fase acaba, y ADA comience a subir, irán comprando ADA de nuevo, no nos olvidemos que hay personas que comprar monedas MEMES, por eso no hay que reducir ADa a un neto valor de compra y venta de moneda. En mi caso holdeare ADA hasta el fín de mis días :slight_smile: Saludos Gustavo.

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Ada does not and must not have any price policy.The price is set by market = the ballance between people buying vs. people selling. If you want a coin with price polic, wait for djed

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If you think as Cardano as a business, the ADA price shoukd reflect what the market thinks Cardano is worth.

However what it really represents is how many people feel that swapping for Fiat to crypto is a good idea at the mo.

Once Apps start generating tranactuon fees and ADA generates good returns from staking, farming, or just general utility then more people will buy andprice will go up.

Whats the correct price for Cardano? I have no idea!

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Hi!

If BTC and Ethereum every so often they are less why not ADA. It should have a mechanism to do it.

Gracias por contestar.
Creo que el número es excesivo. Tiene que haber un mecanismo de reducción de monedas. Eso influye en su precio. El proyecto es estupendo por eso uno se mete. Sin embargo, BTC y Ethereum han caído en precio, pero en proporción ADA ha caído más. No puede ser. Vale mucho más. Es más útil. LUNA se ha volatilizado. ¿Le pasará eso a ADA cuando sigan subiendo los tipos de interés del mundo fiat?. ¿Cuándo crees que empezará la 5ª fase?

I’m OK. However the number of ADA is too much. For me djed will be a stable coin. That’s different.

The market doesn’t represent what ADA is worth. The fall of ADA is bigger than BTC and ETH and for me ADA has lost more and it’s better

Talking about adoption, there is 7 billions of people on the planet = 6.5 Ada per person on average. Does not seem too much anymore, does it?