I am a new investor here For those of us jumping in during this bull cycle, is there still profit to be made Or is there a high risk of loss if Cardano doesn’t stay at a dollar
Thanks in advance I welcome recommendations
hold on a second let me grab my crystal ball
Valentine said:
hold on a second let me grab my crystal ball
It’s been two hours have you found it yet We are waiting for a glimpse of the future
Valentine said:
hold on a second let me grab my crystal ball
It’s been two hours have you found it yet We are waiting for a glimpse of the future
The future
Valentine said:
hold on a second let me grab my crystal ball
It’s been two hours have you found it yet We are waiting for a glimpse of the future
I usually just check out the latest photo of Charles zoom in on his beard hairs and try to see if they spell out any words
Valentine said:
hold on a second let me grab my crystal ball
It’s been two hours have you found it yet We are waiting for a glimpse of the future
I actually managed to get mine It’s pretty clear actually exactly $28.31 on April 1 2025
I can’t give advice but I’ll share my experience I invested 5k into ADA in the last bull market (average buy price 1.56) It crashed but I held on I’m planning to keep holding because I believe in the coin and its founders’ goals regarding integration I am a long-term holder and look forward to selling for a profit
However, crypto is a very speculative market Currently, many are just trying to profit off the next investor Warren Buffet changed how I view crypto with one question
“If you owned 100% of a cryptocurrency who would buy it”
Is the coin you own a productive asset or just speculation
@Talon
That applies to dollars too don’t forget If you own 100% of money in the world that is worthless for everyone else
CryptoCrafterCory said:
@Talon
That applies to dollars too don’t forget If you own 100% of money in the world that is worthless for everyone else
Not necessarily because the U.S. dollar is backed by the full trust and credit of the United States Money does not have intrinsic value its use creates its value One key selling point of cryptocurrency is decentralization So I don’t think we can compare it to the U.S. dollar
With that in mind, if there is agreement among all major world nations to use cryptocurrency for transactions, we’re in for an interesting war of the coins
@Talon
You nailed it The USD is backed by the full trust and credit of the United States That is what fuels crypto
@Talon
I thought the dollar was backed by the gold in Fort Knox
Christine said:
@Talon
I thought the dollar was backed by the gold in Fort Knox
It’s backed by the biggest Industrial Military Complex in the world
Christine said:
@Talon
I thought the dollar was backed by the gold in Fort Knox
It’s backed by the biggest Industrial Military Complex in the world
Exactly look what happened to Gadaffi when he tried to stop using USD for oil sales
Christine said:
@Talon
I thought the dollar was backed by the gold in Fort Knox
It’s backed by the biggest Industrial Military Complex in the world
Could not agree more
Christine said:
@Talon
I thought the dollar was backed by the gold in Fort Knox
Yeah we haven’t been on the Gold standard since 1913 That’s why the Federal Reserve can print money at will
Christine said:
@Talon
I thought the dollar was backed by the gold in Fort Knox
Yeah it’s on IOUs under lock and key
Christine said:
@Talon
I thought the dollar was backed by the gold in Fort Knox
Yeah it’s on IOUs under lock and key
If by under lock and key you really mean written on sticky notes all over Janet Yellens office that’s more accurate
@Talon
I turned $700 into $569
@Talon
Sounds like you are a bag holder turned long-term investor just waiting to break even to sell
NickelNegotiator31 said:
@Talon
Sounds like you are a bag holder turned long-term investor just waiting to break even to sell
I doubt I will cash out I don’t need the money I invested I try to avoid emotions with investments Also, Charles Hoskinson is smart, and I think ADA has a bright future Hoskinson is using his coin to build infrastructure in Africa which is a largely untapped market It makes solid business sense