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[–]SmooveyDoo 247 points248 points  (40 children)

I'm a part of alot of crypto forums, alot of even the stableish coin forums are shitting their pants. Coming here is a breath of fresh air. What does it matter what the value is right now if I wasn't planning on selling in the first place

[–]ahelinski 75 points76 points  (18 children)

The worst thing about the dip, for me, is that I run out of funds to buy more. But I was able to buy some additional ADA when it was below 1.2, so it isn't all that bad

[–]KillaCayne 33 points34 points  (10 children)

It always happens in between paydays for this guy

[–]ChrisR109 9 points10 points  (0 children)

Trying having your own business. There are no 'paydays'. So dips aren't that great. ;(

[–]DubiousSpeculation 9 points10 points  (7 children)

You realize you can hold some cash for cheaper days?

[–][deleted] 13 points14 points  (5 children)

Hold fiat? Ew

[–]Therealsqid 2 points3 points  (0 children)

I feel you. I’m always out of fiat during big dips

[–]ghost_null 12 points13 points  (2 children)

I used to be like that. The trick is when it unreasonably spikes, take some profit instead of thinking it is going to keep going up because after any quick and unreasonable gain, it will always crash so always have cash ready to buy the dips. The pattern never gets old. Same with stocks!

[–]kogmaa 84 points85 points  (3 children)

Jep and suddenly every drop becomes a discount buying opportunity. ADA 50% off this week! Come and get it while it lasts.

[–]Mitana301 10 points11 points  (2 children)

I didn't invest in ADA for a quick buck. I like the coin.

[–]Arcosim 2 points3 points  (2 children)

IMO the problem is that the crypto market attracted a lot of new investors and a lot of green people trying to make a quick profit. So a lot of the community act emotionally and their comments are driven by fear since they expected a constant market growth and are now in front of a sideways development scenario (which isn't bad at all in the medium to long term after such a parabolic fast growth since it allows the market to consolidate).

Note: when I refer to it as a problem I'm not saying new investors are a problem, I'm talking specifically about these doom and gloom catastrophic comments you see everywhere.

[–]MeditatingMunky 8 points9 points  (0 children)

The whole crypto market has been at or at the cusp of "euphoria" numbers for a while now, and with more and more popularity coming its way, more and more new investors who have zero experience have been jumping on board. A lot of new investors have bought in at ATH or around there with those exact expectations of making quick gains. They see the graph from October/December to now and see this massive up trend and think it's going to just keep climbing uncontrollably. Fact is, this is all still both speculative and volatile. Sell offs and corrections were well due when a large mass of these new investors came on board, coupled with news from China and the influence from celebrities, it was a perfect storm for a massive correction. I saw it coming personally, and I sold a good portion of my other coins before it all happened, but not everyone is in that boat. The coin I didn't sell any of was ADA because I feel like it has a lot of long term potential. I've basically consolidated my gains from my other cryptos into the dips on Cardano because I think that's the smart bet for long term. The major coins will get a rebound and go back up, but I think ADA will out perform them all in the long term.

[–]th3morg 1 point2 points  (3 children)

Tough part for me is that I am just getting back in to crypto and loved finding Cardano. Bought a bunch around $2.30, so realizing if I waited a couple weeks I could’ve had a lot more for my money is unfortunate. Moving forward I’m trying to just buy twice a month.

[–]Visible_Delay 2 points3 points  (2 children)

It all depends on your point of view and expectations. If you buy 1.50 or 2.30 yes, you "lose out" on that extra .80, but if your prediction is that Cardano is undervalued and could reach $5 at some point in the next few years, that's still a net gain in the long run. If you think that 2.30 is the highest it's worth, then mentally you're not going to be happy in the next year (maybe).

My mentality about buying ADA at any price:

I am super excited about this project because I truly believe that the technology and initiatives that it's bringing to the market are not even realized yet. By that I mean, there is growing interest and discussion of blockchain layer-2 use cases, but not widespread adoption yet. Once blockchain Layer-2 technology has that breakthrough moment, then Cardano will be a robust investment and platform for business and personal applications. Because I believe in the project and what it offers for the future (have you read the white papers describing quantum resistance?), I am comfortable buying at almost any price.

Last thought: Even if I buy at 5.00 and it never goes higher than 5.00, I can always stake my ADA and earn rewards over time. So, in some ways it will be profitable for a long time for stake rewards alone. If anyone is in it for the "wen moon" crowd, then my thoughts probably don't have any meaning for them.

[–]th3morg 1 point2 points  (1 child)

I don’t really see Cardano as a mooner, but I do see it as probably the most viable and legitimate blockchain technology and for that reason, I want to continually invest long term and hold long term. Opportunity cost is real and so I think that tiny ping of sadness is just recognizing a bit of a missed opportunity is all. Over time, you’re right and it probably won’t matter much. My staking takes affect at the start of the next epoch and I am stoked to be a part of that. Thanks for sharing your thoughts!

[–]Visible_Delay 1 point2 points  (0 children)

Absolutely, and to be clear I was not trying to imply you were in the “moon” ranks. That was a general comment. Best of luck!

[–][deleted] 451 points452 points  (78 children)

I don't speak for everyone, but i imagine most of us are here because we see the long term value in cardano. Also, It's not volatile enough to attract the weird shitcoiners.

[–]ethanwc 259 points260 points  (46 children)

I plan on making a quick buck with Cardano…and by “quick” I mean 10-15 years+.

[–]Blue_Gek 42 points43 points  (23 children)

I moved my Ada to a hardware wallet and put that in a bank vault so I won’t fomo and start daytrading. My goal is to buy a Porsche in 5 years, looking forward to my midlifecrisis.

[–]Hipcatjack 13 points14 points  (12 children)

If that is your plan you might as well stake them, no?

[–]Koeke2560 22 points23 points  (11 children)

You can stake from a hw wallet if I'm not mistaking

[–]XXVII-Delight 4 points5 points  (0 children)

Was that a. Sneaky pun?

[–]Hipcatjack 2 points3 points  (8 children)

Good to know, i thought you needed a wallet on Daedalus or the other one, to stake.

[–]Visible_Delay 17 points18 points  (5 children)

I have my ADA staked in the Yoroi wallet that is linked to my Trezor (and contained the private keys). So your plan would be fine to keep your Hardware wallet in the bank vault and still make those 5 days profits from staking for 5-10 years.

[–]nickyblueyez 3 points4 points  (4 children)

Interesting I'm a newbie but researching as much as I can. I got doge but I'm focused on cardano, matic and a touch of bancor network. I'm starting to look into staking because this is all long term minimum 3-5 years. I use coinbase and rh from ny. I don't have a wallet and that aspect gets a little intimidating to me honest but I'll research that and see if it's the right thing for me to do.

[–][deleted] 2 points3 points  (0 children)

I removed my coins from RH because I couldn’t stake them, couldn’t move them to another exchange, and otherwise didn’t truly “own” my coins. Otherwise, I found it hard to leave RH because their interface is very user friendly for me as a newbie (my crypto knowledge and experience is 3 weeks old). Others here probably know boat-loads more than I do, but I just wanted to share my experience. I’m with you on the researching aspect as that’s been almost all I’ve done on my off days and downtime

[–]thepizzaknight_ 1 point2 points  (0 children)

I’d recommend getting a private wallet as soon as you can. academy.binance.com is a good resource point to work with. Other than that it’s up to what community you choose to attribute yourself to. End up a sage or a maximalist.

[–]Visible_Delay 1 point2 points  (0 children)

Like Pho2929 said, I recommend Yoroi, but Daedelus works fine too. You don't have to buy and use a hardware wallet (although this is the safest practical way to safeguard your investment). You can use the mobile Yoroi wallet and stake from there.

[–]CoffeeIsEcstasy 2 points3 points  (0 children)

And you can still have it linked on desktop to see rewards and send more to your wallet, (or just save address saved to an exchange). But can have it so couldn't spend unless synced with trezor. So keep stacking 👍

[–]Snoo43610 1 point2 points  (0 children)

You still stake them through Yoroi or Deadalus with a hardware wallet.

[–]nelsterm 1 point2 points  (0 children)

Haha!

[–]BacklogBeast 57 points58 points  (2 children)

Same. We’ll see where I’m at in 10 years. If we drop to double digits, I’m loading up.

Edit: in 2031, are ethanwc and I (a) alive and (b) satisfied with our ADA decisions?

[–]ethanwc 24 points25 points  (1 child)

RemindMe! 10 years

[–]Ohmstheory 24 points25 points  (10 children)

if I could put this in a roth ira I would lol forced hodl til retirement

[–]medfreak 26 points27 points  (7 children)

I got news for you. You most certainly can.

https://itrustcapital.com/

You're welcome.

[–]Ohmstheory 8 points9 points  (2 children)

hold up, this is magical! Never knew this existed I will look into this forsure! thanks!

are these staked tho? or would they keep the rewards for that?

[–]medfreak 3 points4 points  (0 children)

Staking is coming in the fall. (They stake it and you get the rewards)

[–]emlio33 1 point2 points  (0 children)

Minimum $1K deposits

[–]smoochwalla 12 points13 points  (0 children)

And here i thought I was being patient with my 5-10 year plan lol.

[–]reddit_6_9 7 points8 points  (4 children)

I'm holding 35-50 years

[–]Apprehensive_Emu_249 13 points14 points  (0 children)

Nice, I’m holding until I die, so my grandson can be rich.

[–]nelsterm 12 points13 points  (0 children)

Good luck. I will be thinking of you from the grave.

[–][deleted] 1 point2 points  (0 children)

RemindMe! 10 years

[–]lemonmama69 1 point2 points  (0 children)

Long term is the way brother!

[–]YSG969 15 points16 points  (4 children)

100x back to 60x in a matter of days isn’t volatile?

[–]bot_bot_bot 12 points13 points  (2 children)

it's been a running joke for a while now on cryptotwitter that Cardano is the new stable coin.
I find it very funny myself, since I'm 32x up on my investment, after the crash.

[–]wioym 7 points8 points  (0 children)

Agree, I am planning on HODLing for another 4-5 years.

[–]FireLama 4 points5 points  (7 children)

So no Lambo? I am out

[–]nflion 3 points4 points  (6 children)

Stay. We can still get half Lambo!

[–]tnethacker 6 points7 points  (4 children)

Or a lada

[–]nflion 1 point2 points  (1 child)

Nah, we need too much ladas tho reach the moon

[–]Dychetoseeyou 1 point2 points  (1 child)

Can’t find lada on Coinbase. Is it listed as something else

[–]hardkunt5000 2 points3 points  (0 children)

If I just spam HoDL and rocket emojis means I make the money money right ?

[–]nflion 2 points3 points  (0 children)

I dont speak for everyone, but you do speak for everyone.

[–]thesoloronin 1 point2 points  (0 children)

Also, the IOHK website genuinely impressed me more than the other realistic coins even.

[–]tnethacker 1 point2 points  (0 children)

Absolutely. I don't care about dips

[–]WH1PL4SH180 1 point2 points  (0 children)

People who are interested in research and Fundamentals get involved. Charles also doesn't attract Or inspire speculators. At least with my anecdotal n=20 experience.

[–]YoungMillie 126 points127 points  (51 children)

I’m staking my ADA. Don’t have time for the market.

[–][deleted] 28 points29 points  (49 children)

Are you all in on ADA mate or have any other coins? I’m seriously eyeing up a 100% ADA portfolio right now

[–]bot9998 32 points33 points  (4 children)

Don’t get me wrong, I’m a long term cardano fan, but don’t sleep on diversification

It is the only free lunch

[–]smoochwalla 13 points14 points  (1 child)

I agree. Me personally I want to get a nice pad of ADA before I start dipping my fingers in different pots. I just believe in this project a lot.

[–]RTSwiz 2 points3 points  (0 children)

This is also my strategy.

[–][deleted] 4 points5 points  (0 children)

Yeah good point mate!

[–]Ghee_Guys 4 points5 points  (0 children)

I have like 97% cardano and then some other random spread around. I’m diverse.

[–]marquina640 13 points14 points  (0 children)

Check ergo, really cool project

[–]Vandra2020 6 points7 points  (0 children)

55% ADA

[–]Crazyshark22 11 points12 points  (10 children)

I would recommend you add Vechain. Which is solid community and project that has a real world use.

[–]SonicHedgehogGene 7 points8 points  (4 children)

I have both Cardano and Vechain. Ngl, the dips are scary but I'm in these for the long haul .

[–]ImYmir 6 points7 points  (3 children)

Stake and forget.

[–]SonicHedgehogGene 3 points4 points  (2 children)

Yep staked ADA and VET just the other day. Part of me is regretting why I didn't sell when I was up 55% on ADA and then bought more during this dip. But hindsight is 20/20 so yeah. Still, I'm very optimistic and sticking to my strategy of buying and staking.

[–]ImYmir 4 points5 points  (1 child)

My strategy is only to buy the dips and hold. Timing the market by selling at the ATH can be risky. What if it keeps going up? You will get FOMO and buy back in unless you have some seriously good control over yourself.

Whatever you do, never lose hope and do not panic sell, since that is what the crypto whales want you to do and then they will get huge profits.

[–][deleted] 1 point2 points  (3 children)

VeChain is new to me, what atracted you to it?

[–]WildRefrigerator947 5 points6 points  (2 children)

They’re making supply chain technologies, and if you’ve interacted at all with any supply chain, they need help.

[–][deleted] 1 point2 points  (0 children)

I haven't... What problem(s) does VeChain solve for supply chain in layman's terms?

Thanks for taking the time :)

[–]Prior_Lurker 1 point2 points  (0 children)

Which exchange do you recommend to buy vet with? In the US.

[–]BikeNew6605 4 points5 points  (0 children)

I agree. Although the charts don't look very convincing, it is massively undervalued and it is a healthy project with a lot of potential. Certainly an asset worth keeping an eye on. (Vechain = VET)

[–]SilentVoodooDrew 3 points4 points  (1 child)

Yeah my portfolio specifically for crypto is about 90% ADA, and I have a bit of ETH. But I do have money in stocks as well, Disney and Apple. So I think I’m well balanced right now.

[–]YoungMillie 4 points5 points  (7 children)

80% ADA, 20% BTT.

[–]Puppy_Coated_In_Beer[🍰] 1 point2 points  (5 children)

I know we shouldn't be talking about other cryptos here but I'm curious, what attracted you to BTT?

Sell me on it.

[–]YoungMillie 3 points4 points  (4 children)

I used BitTorrent when I was a teenager. I love how easy it is to download or upload something. I think BTT could be a big filecoin. Currently, a lot of big companies are using it like Netflix, Amazon, Huawei, etc.. and many will come to join.

[–]Puppy_Coated_In_Beer[🍰] 1 point2 points  (3 children)

Interesting, do you know how the circulating supply works? Does anything get burned? That's the thing that deters me right now, their supply seems really high (over 650B BTT)

All I've found so far is the total supply is around 990 billion

[–]YoungMillie 0 points1 point  (2 children)

I know about supply and market cap. But I can buy 1M BTT for a few thousands. Thats a good deal. Nobody’s gonna know how much it will go up.

[–]Puppy_Coated_In_Beer[🍰] 1 point2 points  (1 child)

Sorry I didn't mean in general for all crypto, I was asking if you know how BitTorrent's supply works, like if it can be mined or if they ever do any manual burns, halvening events, etc.

I can't research it right now unfortunately

[–][deleted] 0 points1 point  (0 children)

Fair play BTT!

[–]LongBoyNoodle 2 points3 points  (7 children)

Im in this since only 4 months. I highly recommend diversification. If i would not have done it, the current dip would be way worse for my portfolio. You just feel safer. However, you have to look into more projects before investing. My tops are ADA, BTC,ETH, CHAIN,DOT. And then some smaller positions.

[–][deleted] 2 points3 points  (3 children)

I’ve also been in for 4 months but I actually think my overall portfolio would have been higher if all I had was ADA from day one lol. My Ada is currently up quite a bit (and Matic wow) but my overall portfolio of about 10 coins is down -5%

I get what you mean though.

A select group of good coins probably best bet, and I like the ones you mentioned most

[–]LongBoyNoodle 1 point2 points  (2 children)

Ofc.betting on one means your portfolio overall can gain a lot more if the one explodes. But same goes the other way. Everyone has to know for themself how they wanna go. Maybe one belives ONLY in cardano. I for example think a lot of peojects seem good and promising for the future. I do other investments aswell, and crypto is still something risky, i like to flat out that risk a little.

[–][deleted] 1 point2 points  (1 child)

Yeah I think you’re right mate. Diversification is the key across all investments really.

Crypto is just so mental ha ha

[–]LongBoyNoodle 1 point2 points  (0 children)

As always. DYOR ;) absolutly haha

[–]SwampFox1474 2 points3 points  (1 child)

Staking DOT is definitely a worthy investment. Kraken even pays 12% if you don't have the 200 DOT to stake on your own.

[–]Prior-Selection3226 1 point2 points  (1 child)

You should 100% buy BitcoinCash . Lol.

[–]jelect 1 point2 points  (0 children)

I'd say definitely diversify, just in case.

[–]bengringo2 1 point2 points  (0 children)

I’m 80% ada with some sprinkles or Etherium and Elgo.

[–]Snoo43610 1 point2 points  (4 children)

The only ones that I like are coins that are aiming to be decentralized smart contract platforms. I have no interest in crypto that just wants to be money or digital gold.

[–][deleted] 1 point2 points  (3 children)

That’s Understandable mate. I usually aim for a little bit of BTC in the mix at least as it’s stood the test of time but can’t be bothered with the other imitations lite coin etc.

When we were in full swing bull mode everyone was talking yet again about the flipping of BTC (even to doge this time lol).

But bang massive drop and still every, single ALT drops with it and now pretty much are being dictated by it.

When the bear market comes this will happen also. And the Bitcoin halvening in 2024. I just can’t see it changing.

[–]Snoo43610 1 point2 points  (2 children)

Yeah I still have some BTC I'm going to hold for years but I paper handed most of it during the last bear market and then fell in love with ETH and later ADA.

It blows my mind how far crypto has come in such a short time.

[–][deleted] 1 point2 points  (1 child)

Yeah to think ETH/ADA or one of the competitors could become something like the backbone of the global financial system is insane to me. Even if they don’t it’s worth the risk of investing in them.

I too fell prey to paper hands last bear market but have hopefully learnt my lesson. Although even with the knowledge it’s so much harder when I t actually comes 😂😂😂😂

[–]Snoo43610 1 point2 points  (0 children)

I literally was ASIC mining back in 2013. Fucking Butterfly Labs sat on my preorder so long that by the time I got it in 2013 the difficulty was so high.

I wish I just put the couple grand I spent on the ASIC directly into BTC and held it. I Bought the ASIC when it was like 50 a coin so that would be like 2,400,000 dollars today 😭

[–]AndreGreen76 1 point2 points  (1 child)

I‘m an old and conservative fart, 40% BTC, 40% ETH, 20% ADA. All long term.

[–][deleted] 1 point2 points  (0 children)

Hahaha love it. I think this is the one to be honest mate. Last time it dipped I promised myself I’d keep it to a few coins but ended up with 10+ again. Not doing well in the current situation 😅

[–][deleted] 2 points3 points  (0 children)

75 ADA 25 DOGE

[–]Dewdrop06 1 point2 points  (0 children)

Same here. I just want to support decentralization.

[–]CryptoConceal 94 points95 points  (2 children)

Nonsense! I’m here and I’m not sensible at all!

[–]Jade-moon-and-stars 6 points7 points  (0 children)

You’re here that’s sensible enough ☺️

[–]Sendall_UK 48 points49 points  (2 children)

Well every other community is crying about the crush, posting hodl memes or blamming other coins. In this sub all people do is ask about staking.

[–][deleted] 10 points11 points  (1 child)

I think adas ease of staking and helpful community compared to other projects are massive catalysts for its success.

I still dont know how to stake my dot....

[–]Dreadaussie 2 points3 points  (0 children)

You can stake it on kraken (I know it’s a exchange) that’s where a friend of mine has staked his.

[–]flwfisher 23 points24 points  (2 children)

I don’t know much about crypto at all. Done a lot of research on beginners stuff and cardano is one that pops up everywhere. Bought in at $1. Have 527 to play with. Never been more sure of any investment in my life

[–]Treedanglingonasloth 43 points44 points  (6 children)

Only place you’ll see people sighing with relief that they got another chance to buy it below $2

[–]gonzaloetjo 5 points6 points  (0 children)

That’s literally the reaction of every community I’ve seen, even the meme coins.

[–]SonicHedgehogGene 4 points5 points  (0 children)

Yes! I was happy to average down on ADA this past week.

[–]CaptainLibertarian 2 points3 points  (0 children)

Lol, so true!

[–]Willy_White 1 point2 points  (0 children)

FACTS!

[–]Probably_a_Shitpost 16 points17 points  (5 children)

The moment I see a bunch of folks chimping out about moon and when Lambo here, I'm selling everything. We don't do that here.

[–]smoochwalla 2 points3 points  (0 children)

Small dreams anyway, I want a lambo made out of moon.

[–]aznble 13 points14 points  (2 children)

Every community is like that when it still small. Wait till grow to 1 million ADA hodler and shit will happen soon.

[–]gride9000 11 points12 points  (2 children)

Dont get me wrong if it goes to 10 dollars tomorrow i will act fucking stupid

[–]Im-All-In-2323 9 points10 points  (0 children)

70% staked

[–]Substantial_Side_626 6 points7 points  (0 children)

I’m sure this group will see an influx of crypto crazies in the years to come when people are FOMOing into ADA. I think it’s further evidence how early we are to this party.

For now though, I think most of us consider ADA a core piece of our portfolios. We see the tremendous upside and potential. I also think ADA holders stay more informed, and not just because of Charles’ updates, but general research. Staying informed is leading to its stability because people are aware of milestones, like smart contracts coming this year, and it gives more reason to stake.

[–]Acrobatic_Hat_4865 6 points7 points  (0 children)

Mega crash ? No time to be involved into crashes. Tell me about the p2p testnet progressions.

[–]Puppy_Coated_In_Beer[🍰] 5 points6 points  (5 children)

I'm honestly scared what's going to happen when we get a million subscribers.

/r/cryptocurrency has already become a shitpost fest. I just hope we won't ever give out crypto on here to incentivize people to shitpost.

[–]jamesborn5 7 points8 points  (4 children)

We are a mature community, we can influence new comers

[–]Prior-Selection3226 1 point2 points  (3 children)

Have you seen the amount of shitposts we get nowadays from new comers??

"Ooooh look at me I bought 10 ADA. To the moooooon!!"

"Ooooh look I got a tattoo of the cardano logo!"

"I just drew a picture of cardano on the moon!"

Fuck these cunts

[–]Sartpro 7 points8 points  (1 child)

I moved my ADA to the Yoroi wallet. Psychologically it's much more calming to see that no matter how much the market fluctuates, all of my ADA is still there. Mindfulness in the hodl. That's my strategy.

[–]Snoo43610 1 point2 points  (0 children)

More important you don't miss out on staking. ADA isn't a coin you want on an exchange because you're not gonna be flipping it in the next few years.

[–]GroundbreakingEbb616 4 points5 points  (0 children)

Not selling before 2032

[–]GlitteringTour3673 10 points11 points  (0 children)

Once you do your research on cardano you start to realize it's forever!! Holding it 4L!

[–]BigJimBeef 4 points5 points  (8 children)

If i put $100 a week away and stake it @ 5% interest in 30 years i'll have about $370,000. Not bad and that assumes the price stays at this level... which honestly i think is pessimistic.

[–]Snoo43610 1 point2 points  (6 children)

Did you calculate at current price? In 30 years ADA could easily be over 1k. I honestly think we will hit 100 unless the bull market ends and this doesn't turn out to just be a dip.

Just wait until people start converting over ERC20 coins and making new crypto on Cardano.

[–]BigJimBeef 1 point2 points  (5 children)

I don't think it will hit 1000, the market cap would be huge.

[–]Snoo43610 1 point2 points  (4 children)

Just wait until more companies and countries start building platforms on it. Look at what happened to ETH with DeFi and NFTs.

I remember mining ETH really early on with my GPU then selling when it hit 100 I'm not making that mistake with ADA. I believed in ETH and I believe in Cardano vision even more.

[–]BigJimBeef 2 points3 points  (3 children)

Fair enough. Who knows what 10 years will bring

[–]Puzzleheaded_Mind623 3 points4 points  (1 child)

Adding $50 a week like a savings. I like the dollar cost strategy. Wont look back, should have nice gains for me and my family down the road

[–]BrianJ1984 6 points7 points  (0 children)

Very nice of you to say Lloyd (Jack Nicholson voice), pretty sure 99.99% of the world wants things to change so their lives can be improved, and it will change, but progress takes time.

[–][deleted] 5 points6 points  (2 children)

I think ada's ability to hold strong during this dip shows that the cardano community has more HoDLers than anything else. This makes me feel safer investing because it seems most are here to hold for sometime and the price may remain stable compared to other alts.

We were already stable around a dollar earlier in the year. Exciting stuff.

[–]smoochwalla 1 point2 points  (0 children)

Im very much an impatient person and even i plan on holding for 5-10 years. Just slowly stacking that ADA!

[–]matthewstone76 2 points3 points  (14 children)

I only have coinbase pro besides my ETH staked in coinbase. How can I stake my ADA? I'm fairly new to all of this but, I believe in the technology and am in for the long term

[–]chedebarna 10 points11 points  (12 children)

Go to IOHK's website and download one of two wallets: Yoroi (lighter) or Daedalus (heavier). Once you have some ADA, which you can buy pretty much in any exchange, transfer them over to your wallet. There are a lot of videos and tutorials, just stick to IOHK's official website though. Beware of downloading fake wallets from places. Trust the official IOHK site only.

Through your wallet you can "delegate" your coins to any of a variety of pools, without having to actually part with your ADA, which remain in your wallet and under your total control at all times.

Other stakable coins do not work like that and force you to actually transfer your coins to the pool or to block them for X amount of time. This is not the case with ADA, staking is 100% risk free.

Current interest ("rewards") is around 5% per annum. When you start you may see that the rewards are lower because there's a random assignation thing going on. But it will average out eventually.

IMO, there are only positives and upside to ADA staking.

[–]illm0nk 1 point2 points  (5 children)

Harmony one is the same, you are under complete control of your coins while staking

[–]glassgraduate 2 points3 points  (4 children)

Not quite the same. I hold about 10k one and wanted to undelegate some to play around with liquidity pools on Viperswap. I had to wait for 7 epochs to get my ONE back (about 10 days). I love the Harmony project too and it's been my first time really playing with DEXs/DeFi, but beware that you don't have full control over your ONE. There is an undelegation period typical if 7 epochs and you cannot access your ONE drying that time.

[–]matzekusch 9 points10 points  (0 children)

I use YOROI Wallet ,maybe you should send your ADA there & stake it.

[–]Dangerous_Moose_4765 2 points3 points  (1 child)

I see cardano as a platform for building software, the coin and its price is a side effect. :)

[–]chepnut 2 points3 points  (0 children)

some would say we are the 3rd generation of crypto redditor, a majority of us have been through it all and see the bigger picture ahead of us. For me ADA isn't a get rich quick scheme, I believe in the project long term for what it will do. This is what I got into crypto for way back in 2013. I went all in with LTC because I liked the idea behind it, the same way I feel about ADA. I hope is succeeds in its mission.

[–]Mediocre_Piccolo8542 2 points3 points  (0 children)

Some people can be annoying with their skepticism just for the sake of being skeptical, things where a journalist writes some garbage, but certain people will accuse developers behind Cardano of fueling up the hype, when they actually only answered some simple question. I guess that's part of reddit culture.

Other than that, it is a great sub. Most of crypto subs are maximalist or price oriented, which is like talking to religious fanatics. And some are also quite delusional, typical scam victims - arguing their micro cap project with anonymous developers, and without basic functions, will overtake BTC within the next months.

[–]ChasseurOnFoot 2 points3 points  (0 children)

Same, I'm new here and surprised by how mature people are in this community.

[–]Toowork 2 points3 points  (0 children)

Yesss the 16 year old holder is very mature 😎. Thanks

[–]Betternet_ 2 points3 points  (0 children)

I was once a shitcoiner, I came to this community because it's a breath of fresh air. I believe in the technology and want it to succeed. In its current form I have faith that it will stay stable, so I don't really see the need to freak out, I'm in it for the long run.

[–][deleted] 1 point2 points  (0 children)

I agree! Everyone is helpful and give realistic replies.

[–]vegetabluessg 1 point2 points  (2 children)

Is sunde swap a scam?

[–]Jumpy_bull_8577 1 point2 points  (1 child)

I am holding till i die

[–]Caranthiir 1 point2 points  (0 children)

Ada feels as save as eth for me. And selling would cause less staking, no thanks

[–]japanisthebesttttt 1 point2 points  (0 children)

I think most people are holding for long term.

[–]olsmobile 1 point2 points  (0 children)

It feels that way until you watch one of the update streams live and a semi attractive woman starts talking. All of a sudden the live chat blows up with thirsty comments.

[–]everything2themoon 1 point2 points  (1 child)

I have been telling my friends... Cardano is by design a little more resilient to dips since majority of coins in circulation are staked.

Also, since all holders can expect 5% return on our coins, a 20% drop feels like a 15% drop. Am I right? Right? Right!

Lastly, most of us here simply have a longer horizon as far as our perspective is concerned.

[–]CreepyZombie29 1 point2 points  (0 children)

Surprisingly censored*

[–]Fuglypump 1 point2 points  (0 children)

Cardano is for longterm investing, I don't know for sure but I think from an outside perspective it appears to look this way for newcomers and imho that scenario couldn't be better. Instead of getting a massive influx of short term investors that just want to pump and dump a coin for a quick buck or exit out before the bull run is over we are getting steady growth that is accumulating people who are staying in this for decades to come.

Slow and steady wins the race with this one, Cardano is like the crockpot I have going, have to wait a longass time for this roast inside to finish cooking but when it does it's going to be life changing, it's not even close to being ready to eat yet but omfg it smells so good right now.

[–]Korpsian 1 point2 points  (0 children)

The community and coin is so stable because of Charles Hoskinson is talking to the community non stop. You get fresh updates about the project and the future. Why sell if the future looks so fucking bright?

[–]Rangdazzlah 1 point2 points  (0 children)

They've had to thoroughly research Cardano to protect themselves from an unending barrage of trolling and FUD. ADA holders are sure in their investment.

[–]corncan2 1 point2 points  (0 children)

Its because we dont play Lambo-Kazooie with ADA's image. We want to make ADA the change the crypto-scape needs and deserves. Have a question or concern? Happy to help. Money is nice too , don't get me wrong, but this isnt a pump and dump 'Papa Mark and Musk' brand crypto. Hopefully more people will see that down the road.

[–]darksideflex 1 point2 points  (0 children)

I think it’s because we all collectively know that Cardano is a solid project that will not only innovate in the blockchain space but also will help out an entire nation that didn’t have a lot of opportunities to begin with. It’s hard not to feel mature about that to be honest. I have never felt better about being a part of something.

[–]Stevo-c 1 point2 points  (0 children)

This community, more than others I am part of, are deeper thinkers and committed a sustainable and proud project. Although I have only bought into ADA over the last few months, this community have always supported the longevity and patients of this project. We know we will be seeing a lot if ups and downs (heartbreaking as the downs may be) knowing that thus project is no short term money maker, but a refreshing, non-contemptful (not really a word😊) upstanding project and community. I LOVE this project and how it will change the world for the better. Of course, I am in it to make money in the end. But this is no pump and dump scheme. I'm so proud to be a parr if it and never want to damage its character and credibility with crypto bashing and crude attempts to demean others and thereby ourselves. That's how I see it.

[–]Bear-VC 1 point2 points  (0 children)

We also love patting ourselves on the back.

[–]thebestererrr-mA 1 point2 points  (0 children)

Exactly! Cardano is a super solid project. I can see us taking a big chunk of the crypto space during these next few years.

[–]Multipass10101 1 point2 points  (0 children)

It’s easy to ride the wave when you believe and support the vision 😀

[–]pjnelson819 1 point2 points  (0 children)

It’s cause we all have to have at least 4 ounces of maturity to understand cardano

[–]finer69er 1 point2 points  (0 children)

Why is it so low now

[–]Willy_White 2 points3 points  (0 children)

I'm completely in for Cardano long term. I staked some and Im dca on payday. This project is a game changer and I believe in it

[–]tiger2119 1 point2 points  (0 children)

I just hope that Cardano gains momentum once this valley in the cripto market passes

[–]Fit_Battle3831 1 point2 points  (0 children)

At the scale that Charles invisioned Cardano would be you have to be stupid not to be in

[–]DONOHUEO7 1 point2 points  (0 children)

It's great! Don't be me wrong i think it's fantastic what there doing over at the Dogecoin community, they do a great job with the hype train. But the "moon" thing gets tireing at times, and some of the "predictions" are laughable! This community seem much more relaxed, mature and realistic, also the more I read about the project the more i like it.

[–]inminit 0 points1 point  (0 children)

Potential years of bagholder present here!!!

[–]davesaid 0 points1 point  (2 children)

It’s quite refreshing to not see any real hysteria here when the value either explodes or implodes

[–]Willy_White 0 points1 point  (1 child)

I agree and I think the main reason is that everyone in this community is actually interested in INVESTING in a real world project and understands there are swings in every market but the fundamentals are solid and progressing

[–]davesaid 1 point2 points  (0 children)

When the price rises it feels good but on the same token when it falls I feel like I’m getting good value on new fiat invested!

[–]mrkisswell 0 points1 point  (3 children)

Please do enlighten us all as to what realistic price targets and use cases you've been hearing from all these mature holders that you speak of?

[–][deleted] 1 point2 points  (1 child)

Smart contracts so all the de-fi use cases Ethereum already has, minus the crazy gas fees. Large market cap already, so realistically not more than perhaps $5 this cycle (or somewhat more next cycle, if BTC doesn't recover), unless there's a massive switch away from ETH after smart contracts are available (which seems unlikely given ETH2 plans, but possible, looking at how much Binance has been eating the world over the last four months in that regard).

[–]Expensive-Ad-145 0 points1 point  (0 children)

Wouldnt call it stable during the crash lmao

[–]Fantastic-Cucumber-1 0 points1 point  (0 children)

Shit hits the fan when Ada moons

[–]Toozballs 0 points1 point  (0 children)

That’s because if you’re invested in Cardano, you are invested in the technology and mission

[–][deleted] 0 points1 point  (0 children)

That’s a new one. Usually it’s ‘the Cardano community is the best’.

[–]Corvou 0 points1 point  (0 children)

Exactly why I am long on ADA... and other reasons of course.