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27066683 No.27066683 [Reply] [Original]

New to crypto. What is your opinion about cardano?

>> No.27066925

honestly it has potential but it sure is taking its sweet fucking time

>> No.27067029

>>27066683
It's the number one threat to Ethereum.
And a fucking good one too.
My portfolio is currently 100% ADA

>> No.27067301

It's one of the most useful crypto project.

>> No.27067456

I think it has a ton of potential but as an other poster said it's taking time. It has transparent peer review, a whole lot of contributors and alot of backing in Japan.

I'm currently 100% on ADA with about 600USD because binance finally went through. I'm gonna be getting as many as I can.

>> No.27067656
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27067656

>>27067301

>> No.27067673

I also genuinely think that crypto ecosystems are the only thing worth investing in. In the future when companies such as Amazon are offering Blockchain as a service through AWS they're likely to offer a variety of platforms (Cardano, Ethereum)

>> No.27067990
File: 580 KB, 640x617, Chad Hoskinson.png [View same] [iqdb] [saucenao] [google]
27067990

>>27066683
Most professional developer team.
Most monumental and most detailed plan.
Only crypto I can trust in long term.
Goguen moon is imminent!

>> No.27068090

I have a 10k bag, it's a longer term play that will likely pump end of Q1/Q2 and then in the later months of 2021. If you can get it for under 0.30-0.35 you'll be good, I think you have time before it goes above that.

>> No.27068158

>>27066683
Probably the "most safe" crypto to bet on
But don't expect more than a x5 this year

>> No.27068191

>>27067673
>>27067673

wouldnt amazon just build their own Blockchain?

>> No.27068378

>>27068191
They probably will have their own native implementation just as they offer their own version of Linux for Amazon EC2s. They will offer development platforms for other cryptocurrency ecosystems I believe.

>> No.27068590

>>27068191
But whats the point of a private blockchain? You don't need blockchain If you rely 100% on amazon.

>> No.27068601

>>27067029
As am I I want more but current prices here I'm not sure about

>> No.27068706
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27068706

>>27066683
Cardano is the Tesla of Crypto, promise these life changing things for the future, but never actually deliver.

>> No.27068913

>>27068706
>Cardano is the Tesla of Crypto
Bullish

>> No.27068919

>>27068191
I'd also add that the reason cloud platforms exist is to make money. Developer Choice is a large driver for adoption of technology. Microsoft learned this the hard way by pushing enterprise server editions of windows for years before relenting to working with Linux as they knew it would attract developers.

>> No.27069000

>>27068158
x10 is in the cards anon. have a look at atala PRISM Cardano's native built in identity management solution.
>www.atalaprism.io

>> No.27069107

>>27068191
>>27068590
Maybe they already have
https://aws.amazon.com/blockchain/

>> No.27069173

>>27068706
compliment disguised as an insult

>> No.27069235

>>27067301
>no smart contracts
>useful

>> No.27069401

Whats the make it and suicide stack for Cardano?

>> No.27069450
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27069450

It's guaranteed 1$ when goguen is ready. With goguen rollout the Coinbase listing is also guaranteed so normies will buy the hell out of it.

I am currently 100% Cardano. Feels bad to miss other shitcoins pumps but it's also safe to bet on ADA.

>> No.27069757

What's the deal with staking?
How to, is it worth it etc?

>> No.27069766

>>27066683
Will probably end up rivalling eth at some point. Which could be a while, because as said, they dont rush things. Their roadmap for 2021 looks solid though, if they can keep to schedule. I also like their proposed implementation of how they want to do token deployment. It seems a lot safer for investors. Like, it will be harder to create a nothing shitcoin and just steal everyone's money, in theory there wont be liquidity drain exploits and such

>> No.27069846

>>27066683
the project with the most potential bar none. have a look at this video
> https://youtu.be/k8a6tX53YPs
also have a look at Cardano's dev team monthly update
>https://youtu.be/e_C90pUrfKs
most active dev team in all of crypto

>> No.27070054

>>27069235
coming Q1 fudster

>> No.27070508

>>27069757
very easy to do, very secure, no token locking, no chance of not getting paid, you always control your coins, 5-6% yearly return. i will be living off of staking rewards alone. never selling the principle

>> No.27070630

>>27069757
Can stake on Kraken and probably other places that I'm too stupid to figure out, but you get minimum 5% "interest" on however much you stake. I currently only stake DOT bc Kraken gives 12%. If DOT hits 100, I basically make $1k/month passive

>> No.27071724

>>27070508
>>27070630
Thanks lads
I'm a total fuck knuckle I still don't get it.

Can you do it via Daedalus wallet?

>> No.27071851

>>27069757
>https://pooltool.io/
that link above helps you choose what stake pool you'd like to choose. Cardano staking tutorial vid from the dev. team is below. It is brain dead easy to do and extremely secure.
>https://youtu.be/VtkjM_0k4R0

>> No.27072022

>>27068706
Hi thunderf00t

>> No.27072305

>>27071724
>>27071851
Watch this anon's video. On kraken you literally just move it from your spot wallet to your staking wallet. It's like one or two buttons on the website, very simple. Kraken and Daedalus both enable ETH staking from what I understand

>> No.27072535

>>27071724
yes.
>https://iohk.io/en/projects/daedalus/
above link is the official IOHK page on daedalus. they link to the page below which is the official daedalus page.
>https://daedaluswallet.io/
it's best to always be careful what links you trust which is why I gave you the daedalus link from the IOHK page so you can check for yourself.

You should also consider getting a Hardware wallet to store all your crypto. Trezor is an open source software and open source hardware wallet - the most trustworthy IMO. you can use a trezor model T in conjunction with Daedalus to give a VERY secure way to store your crypto. you can also store bitcoin and all your Ethereum-based shitcoins on the same Hardware wallet. at least something to consider getting later on if not now.
https://shop.trezor.io/product/trezor-model-t

>> No.27072990

>>27072535
I have the old school trezor. I just can find it in myself to drop £160 on an upgrade. Total tight arse

>> No.27073104

>>27069757
the gains are less than other places, but you're basically guaranteed to not get rekt

>> No.27073246

Explain to brainlet please.
If 70% ADA is staked then when graysale and Coinbase normies start buying the price will literally skyrocket because of low supply in the market?
Or am I missing something?

>> No.27073422

>>27073246
pretty much

>> No.27073433

>>27073246
basically. The more is staked, the less is in circulation. More people want to buy, price go up

>> No.27073465

>>27072990
that trezor is great, i have one as well but it isn't compatible with Daedalus, so if you want to store your ADA on it and stake from a hardware wallet the model T is the one you'd need unfortunately. it works great with Daedalus though and the peace of mind is worth it for me.

>> No.27073573

>>27073422
I should add though, you can unstake whenever basically instantly. The funds arent locked away, so no one is really prevented from selling

>> No.27073709

>>27073246
staked coins are never locked on Cardano so staked coins can be transferred to an exchange at any moment and sold. On the other hand people who are staking are probably likely to want to continue to do so going forward so there is probably less likelihood of them selling into a pump. It's a nice feature that you are never locked in and always have liquidity.

>> No.27073812
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27073812

>>27073422
>>27073433
Bullish as fuck then

>> No.27073906
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27073906

>>27069235
>she thinks her slow, expensive and insecure toy VM has any usefulness

>> No.27074146
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27074146

>>27069766
Also tokens on Cardano are native to its environment: no need for a smart contract to create them, which removes the risk of bugs and exploits.

Btw, pic related if you guys didn't know

>> No.27074195
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27074195

>> No.27074272

>>27072305
>>27071724

too bad Kraken is shit.
Luckily ADA will be listen on Coinmetro soon

>> No.27074354

WHATS THE DAMN MAKE IT STACK AND SUICIDE STACK?

>> No.27074367

>>27070630
You can't stake ADA on Kraken because Cardano does not allow "professional" account to become validators. This is to avoid centralization of the network on big exchanges, smart move to be fair.

>> No.27074455

>>27074146
Charles debunked this in newest ama.

>> No.27074485

>>27074367
ye I forgot we were talking about ADA, I was flipping between this and an ETH thread

>> No.27074532

>>27074367
Binance does it anyway

>> No.27074714

>>27074455
What he said is that greyscale has filed their paperwork (which they would have to do ahead of launching it on their platform). that paperwork does not mean that ADA is going live on their platform. for that they will need SEC approval. if/when they apply for that you know it's on.

>> No.27074838

>>27074455
Ok, I'll take a look.
Anyway, you can't stake ADA on Kraken, while you can stake DOT for some reason

>> No.27075934

Can I steak on my ledger nano? I have 35k cardanos on my binance. How much $$ will I get for steaking?

>> No.27076224

Got a 10k comfy stack.

>> No.27076504

>>27075934
https://www.stakingrewards.com/earn/cardano

>> No.27076565

>>27066683
https://www.patreon.com/deadenddraws/posts?

>> No.27077424

>>27076504
But the staking rewards go down as more people stake, correct?

>> No.27078158

>>27075934
>staking 35k
that should give you about 2100 ADA rewards within a year. ledger staking works with Daedalus:
>https://iohk.zendesk.com/hc/en-us/articles/900004722083-How-to-use-Ledger-and-Trezor-HW-with-Daedalus

>> No.27078203

>>27077424
Yeah, the "calculate" tab has a "staked token supply" slider. Keep in mind comparing staking numbers between crypto is meaningless since it doesn't tell anything about how evenly rewards will be distributed or how supply/demand will be affected.

>> No.27078504

>>27077424
not really at this point, I've been seeing between 5.5-6.5% rewards each epoch. 70%+ of the coins are staked atm.

>> No.27078567

it's a nice project, nice team if you're in for the tech. also we are expecting a major release soon (like feb-mar soon).
if you're in to make a quick buck you're better of flipping the next DeFi meme shitcoin on uniswap.

>> No.27079162

>>27072535
Thanks kind anon.

Ok back to the bants. How high is this guy going to go.

Give me your long term bets.
I want to have an idea on how big my garage needs to be.

>> No.27079571

>>27079162
I'd like $1 but it going parabolic would be fantastic. Praying for 1k in 5 years

>> No.27079652

>>27079162
my best guess was $1-2 by EOY back when I was estimating a year ago. with the way the markets have been moving this bull market and the way cardano has been performing and with the new info about what Cardano is doing bringing every major programming language into the ecosystem (including solidity)... my best guess is $1-3 with the launch of smart contracts (Goguen) which is happening this quarter, and $5 by EOY but who knows... bitcoin is still the leader in crypto.

>> No.27080104

i got 600$ im gonna drop into cardano in the next couple days

>> No.27080545

>>27079571
>>27079652
Yeah $1+ would be pretty sweet

I bought a bunch at aud$0.10 but my recent purchases have pulled that average right up.

Love to buy more but I'm torn at these prices.

>> No.27080750

>>27066683
>Releasing a gen3 blockchain when we are well into gen 4...
>no sharding
>smart contracts "soon" for 3 years...
>devs expected to relearn everything if contracts ever really release
>still centralized after 4 years
>wallet barley works at all
etc.

>> No.27080758

>>27080545
I wish I'd started sooner to be honest. It's been a nightmare getting verified anywhere

>> No.27080907

>>27066683
How can I start investing in this? Assuming I've never touched crypto before (which I haven't). If this seems promising long term I want in.

>> No.27080955

>>27070054
they have been saying that for 2 years now. it's not coming and you have no idea how much of a lift it is IF the team is even capable. They have delivered almost nothing after wasting 3 years and countless millions of bagholders money

>> No.27081550

>>27080955
Legit question.
What's your reasoning?
Aren't they releasing smart contract in march?
Was the slow approach part of the plan?

>> No.27081635
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27081635

>>27067029
Braver than me

>> No.27081726

>>27066683
Been holding for a few months now. Is good coin.

>> No.27081790

>>27066683
cardano had it's time in 2016-2017. since then, they have really never taken off. good idea, just hard to beat an established eth network. has potential in the future if they don't fuck it all up.... again.

>> No.27081903

>>27067990
I like small teams of developers who like to be known for their work, not their social media ranking.

>> No.27082085

>>27081790
>again.
How did they fuck up previously?

>> No.27082186

>>27074455
Grayscale filed trusts for ADA, DOT, ATOM and XMR yesterday, look it up

>> No.27082206

>>27066683
bought ada a year ago, completely forgot about it, checked my binance account and now it is tripled. no idea what it is but for some reason it's growing so w/e

>> No.27083210
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27083210

>>27082206
>Keeping crypto on exchanges

Just use official wallet, stake it and then forget about it for gains

>> No.27083466

>>27080750
>Releasing a gen3 blockchain
gen3 or gen4 buzzwords are meaningless if you don't bother reading the science and whitepapers before posting nonsense.
>no sharding
eth2 docking is more likely to crash and burn if anything
>smart contracts "soon"
https://playground.plutus.iohkdev.io/
>devs expected to relearn everything
Haskell is the most appropriate programming language for financial apps. It will be adopted sooner or later. KEVM also supports all others, including Solidity.
>still centralized
72% decentralized right now, 100% in march
>wallet barley works
source: my butt.

>> No.27084832

>>27066683
CAR

DA

NO

>> No.27084863

>>27080907
It's on Binance.