Cardano Ada Crypto: Clawing out of trench

[Gravel PitParticipant]

Looks like it’s safe to say Cardano is finally regaining lost ground from February and March losses. Though being in development for over two years, the currency was only released last October, just in time to take part in the massive spike and ensuing correction.

Cardano (named after a mathematician) and many other promising 3rd generation cryptos, were glad to be taken for a ride in December but they really didn’t have a choice in the matter being paired with Bitcoin and Ethereum on exchanges.

These younger projects are still highly speculative and still in their Roadmap stages. Cardano is a multi-layered crypto currency that will also be used to make smart contracts like Ethereum. There has been heavy criticism of Cardano for it’s alleged disregard to hurry up and release their full protocol which they’re dedicated to getting right the first time, hence the leisurely development. Many were associating the slow paced development with the descent from it’s all time high in January (over 1 dollar, down to 12 cents) but seeing as Ada was paired with BTC and ETH, this seems forgivable.

In any event, Cardano has been slow and steady. The team is implementing it’s Shelley phase periodically through this quarter and investors are again taking notice. From it’s low point of 12 cents, Ada has pumped to 19 cents in only a few weeks. By Fall, with further releases and the finalization of the Shelley phase, Ada may indeed achieve higher lows nearer to it’s all time highs from January; about $1.20

Anyway. This is exciting because I’m still holding a bag of Ada from having bought too high but no worries, I have only small amounts of play money to mess around with. I have no significant holdings of any coin because I’m broke as hell.

Other interesting cryptos I tend to favor are XLM Stellar Lumens, NEO, EOS, OMG, ICN Iconomi, NANO formerly Raiblocks, DGD, XMR Monero, ENG Enigma, TNT Tierion, DLT Agrello, XRP Ripple and Litecoin. Bitcoin and Ethereum seem like safe buys now considering we’re in the bottom of a significant correction.

Hope all you crypto guys are satisfied with what seems like a more bullish outlook. After months of market manipulation, shorting and fake news regulation, the red candles were getting pretty old. If anything, lets hope for some sideways trading or some Bull action going forward.

Here’s a Youtuber I like to watch. He’s pretty laid back. Coin Mastery

[CarnageParticipant 22113]

BULLS~~~….

Also is ether. Just went up 35€ today.

Is all the same.

To those following me, be careful, I just farted. Men those beans are killers.

[Gravel PitParticipant]

shh Carnage, I’m practicing writing fake news articles. Maybe I can get paid to write this trash. I swear I’m a better writer than half the click bait out there. LOL

[MarketWatcherParticipant]

Gravel Pit wrote:

shh Carnage, I’m practicing writing fake news articles. Maybe I can get paid to write this trash. I swear I’m a better writer than half the click bait out there. LOL

You are. S~~~ Yahoo can’t even spell.

I have been waiting for the Crypto basket to really collapse, but it seems like we have found the bottom for a while. Right now,since we are so far ahead, I will continue to HODL.

[Gravel PitParticipant]

MarketWatcher wrote:

You are. S~~~ Yahoo can’t even spell.

Naw man, I was only kidding. I wouldn’t know how to apply for a click bait article writing position. Probably pays s~~~ anyway.

I swear whoever writes those articles, these kids don’t proof read or anything.

HODL

[Greg HondaParticipant 6406]

I’m with ya Man!

Brother MATH is a guy I trust and on his advice I invested in

ADA
EOS

Also from other sources that told me to be discreete here:

TRX
XLM

I’m gonna get me some more EOS soon but now I need a goood wallet.

It's Time to get Wise

[Gravel PitParticipant]

Greg Honda wrote:

I’m with ya Man!

Yeah I’m very pleased today to see some serious Cardano pumping. Those other picks seem like decent coin/tokens too. TRX Tron catches a lot of s~~~. Apparently their founder is sort of eccentric. TRX and NEO seem like strong Chinese players. Not necessarily a bad thing but a lot of stuff that comes from China falls apart. Hopefully their code is good.

I like ADA because it’s got a lot of foresight and seems to take their entire process very seriously. I hate to brown nose Charles Hoskinson but their whole strategy has been only to improve where Ethereum and Bitcoin failed.

I’m not a learned investor or coder but I do have good intuition. You can tell, after a few dozen hours of lectures and videos that they take the whole process of peer review and prior planning very serious. We don’t need countless forks and lightening networks after the fact to try and save a concept that was experimental. Cardano saw where we’ve been and now they’re taking us to where we’re going. Cardano will be Bitcoin, Ethereum, Litecoin all wrapped up in one. I like that.

These protocol coins are going to be big in my opinion. After Cardano, my next investment would be Stellar Lumens for sure. I don’t hold any but want to.
In January, somehow Lumens overtook Cardano in price and marketcap.
For me this was an ominous sign, a bearish signal. Just my subjectivity superstition. I’m waiting for ADA Cardano to be higher in price than Lumens and this to me will be a Bullish sign. An ADA should be worth more than a Lumen for sure.

Anyway, good times. ADA is up past 20 cents. I will keep dollar cost averaging until its over 50 cents. Cardano to the MOOOON.. HODL

[Gravel PitParticipant]

Crypto update.

Originally, I started this thread back on April 12th. I spoke about Cardano being at 19 cents. Cardano doubled in price from there, up to 38 cents! Not bad for one month. Indeed, the entire crypto space was doing quite well in the later half of April. Basically, anyone who entered the crypto market in early April and got out in May, saw 50% to 100% ROI! The endorphins were pumping!

However, the bull run only lasted 6 weeks and then the bears returned us back to where we started. Not a bad time to enter in my opinion. I threw a few hundred in there today for the first time in several weeks. Just play money. I had some minor Summer expenses like buying new shorts and groceries that take precedence over dicking around with Crypto.

UPDATE ON CARDANO

Currently, Cardano has reached it’s 6 week low, 17 cents again. There is no reason to expect it won’t pump again to 38 cents. *Fingers crossed

Anyway, just wanted to update here, incase some of you guys are also still following Bitcoin and the bunch. Recently, they were declared to NOT be securities by the SEC. This news seemed to lead to a nice pump in which we’re looking for a higher low to be formed and a possible trend reversal.

BUY AT YOUR OWN RISK, CRYPTO IS VOLITILE, THE PRICE IS “MANIPULATED”

That being said, I’m buying more in this huge dip. Peace and love to the naysayers who prefer to buy Gold or Stocks. More power to you. I buy crypto.

[Anonymous 1]

I think this year is gonna be even better than last year. I’m disappointed to see the Bears are back again, but we are only halfway through 2018.

Quarter 4 might be a big bull run.

At least I hope so, the IRS raped me last year with the short term gains. This time I’m planning on only making long term gains. Waiting for over a year to make a trade takes a lot of patience.

[Gravel PitParticipant]

I’m glad you made some dough out of it Wizard’s Pupil. I finally got into it (regrettably near the ATHs) after years of keeping a watchful eye on it while it crept up.

Dollar cost averaging has relieved much of the pressure and one decent pump across the market, say returning to late April levels, and I will be at break-even. So that is what I’m looking forward to.

I don’t really have a game plan for if it ever sky rockets. Ill likely set a little TUSD aside and wait for dips. Good luck man.

What Alts are you buying if any? Are you strictly a BTC maximalist like Vention1MGTOW? I’m more entranced by the protocol tokens.

I pretty much just keep an eye on BTC, ETH, LTC, ADA, ICN, BNB, AE, NULS, ONT, XLM, NEO, NANO, DLT, TNT, EOS, IOTA, …lol there are so many.

[Anonymous 1]

Gravel Pit wrote:

What Alts are you buying if any? Are you strictly a BTC maximalist like Vention1MGTOW? I’m more entranced by the protocol tokens.

I’m an ETH fan boy. I also bought NEO during its big hype phase.

I used to do a lot of ALT trading on an exchange called Cryptsy. The exchange when down and stole everybody’s funds. That was the last time I had a diverse ALT portfolio.

I originally bought BTC during MT GOX high time phase. I had to wait over 2 years to break even. The only thing I can say is patience, patience, patience.

I thought I could do better day trading, but I added it all up this year. Turns out I would be worth a lot more today if I had just bought and held. Trading has not been kind to me.

[Gravel PitParticipant]

Anonymous wrote:

I had to wait over 2 years to break even. The only thing I can say is patience, patience, patience.

Anonymous wrote:

if I had just bought and held.

You’re a wise man. I’m learning all the same s~~~. My main intention is to somehow get a stupid crypto wallet that works for Cardano. My Daedalus wallet is sort of glitch but I think its my computer that sucks.

After some current trades I’m hoping for to turn out positive, I just want to buy up a bunch of ADA and take it off the exchange. I probably shouldn’t put all my eggs in one basket but who knows… I change my mind a lot. I’m currently holding mostly ICN hoping for a big pump. They buy back their own coins and it often results in massive momentary candles. It only happens every few months though. I believe one is coming.

The part about not over trading is paramount. It only takes one bad trade to erase the gains of ten good ones. And the tiny cuts, the trading fees may only be .01% but they add up…

[Gravel PitParticipant]

Crypto Update.

Looks like the coil is winding up for a big snap. BTC is poised to shoot up before Thanksgiving (at least from a Technical Analysis point of view).

Cardano’s release of Shelley in early 2019, and actually becoming decentralized…. well, All I can say is that Im still DCAing. A little bit with every paycheck.

Not enough to get the tax people after me though.

[Author]

Posts