/biz/ - Business & Finance

[Anonymous No.30037038]

Newfag ADA holder here. This is called a cup with handle right? So, in theory, we're going up, right? I didn't just waste 3k on an overhyped project, right?

[Anonymous No.30037064]

"cup and handle" is astrology, however if you hold for some months you will win.

[Anonymous No.30037098]

>>30037064
I'm not the "selling" kind of person so I guess we'll see.

[Anonymous No.30037106]

>>30037038
Did you buy because le epic redditors told you it will moon and daddy charles will treat you well?
I hope your head don't hurt too much after the rug is pulled

[Anonymous No.30037107]

>>30037038
Wheres the handle? You have to draw meme lines atleast if youre gonna us TA terms.

[Anonymous No.30037155]

>>30037106
I bought because the website looked cool. Also bought OCEAN and RVN because I love the sea and corvids.

[Anonymous No.30037159]

>>30037038
>I didn't just waste 3k on an overhyped project, right?
>he doesn’t know
Oh man, I’m so sorry anon

[Anonymous No.30037301]

>>30037038
You learned a valuable lesson anon: don't chase pumps.
You will now learn the next valuable lesson: if you forget the first lesson, don't panic sell.
Well that is unless the price tanks, then maybe it was a good idea to panic sell. How can you (specifically you as a new investor with no experience) tell the difference? You can't! Welcome to investing. Learn the first lesson before anything else.

[Anonymous No.30037348]

>>30037155
Holy fucking based. Reading whitepapers and liking the technology is just a retard's way to admit they have no guts, no instinct.

[Anonymous No.30037604]

>>30037301
Crypto is all speculation. You gotta diversify in crypto if you want to make any gains because nobody fucking knows what's going to pump next.

Although stock market is more speculation these days too at least the stocks are based on tangible real world businesses.

Crypto promises tech and the tech never does anything. BTC is a shitty slow piece of trash but it was first and miners control the entire crypto market cuz of this.

Eth does more than BTC in a sense but Eth is nothing but a slow as fuck high fee casino where you hedge bets against scammers and try to leave before they exit scam you.

Platforms like Uni were created to assist Eth in delivering a better casino experience lmao fuck sakes man.

ADA promises good tech, link promises good tech, algo, xlm etc all promising good tech.

In the end the tech does what even if they succeed in actually securing some contracts and making their tech used by someone?

Man we need crypto to move away from being a pajeet casino and actually DO something. Like decentralized social media. Hell maybe someone can figure out how to make some weird ass decentralized MMORPG off crypto too? Fuck if I know.

My point of this rant is to say that diversifying into lots of projects, especially new projects that are legit and not scam coins can help you catch a moon before it's already started pumping. But in the end, no matter the tech promised or tech delivered, crypto has no use for anyone in its current stage.

[Anonymous No.30037650]

here's some insight

[Anonymous No.30037675]

Man, you have 3000 USD, it would be nice for you to pour everything into one coin, and not be fooled small things

> Take into account to this shillers on / biz / and buy shitcoin
> lose everything all in once

And this is way to make a real PROFIT:
> get GSX and hold
x10 is available ASAPP. Easy!

[Anonymous No.30037738]

>>30037038
>>30037098
If you plan on holding for several months why the fuck are you looking at 15 min graph?
Just check the price once a day max or you will panic sell at a loss when it drop further down

[Anonymous No.30037808]

ADA was Da Vinci's shadow.

[Anonymous No.30037813]

>>30037738
You're probably right, thanks anon. It's just incredibly tempting to monitor the price changes at all times.

[Anonymous No.30037852]

>>30037813
After a few weeks you'll get tired of checking all the time and you'll slowly stop looking as much, don't worry about it

[Anonymous No.30037880]

Anon check this out

$MCM

Future of crypto

[Anonymous No.30037915]

Hey man I'm also a newfag who bought the literal top of ADA so now I'm stuck bagholding for a while. Just so you know you're not alone in this. I learned my lesson.

[Anonymous No.30037948]

>>30037038
my advice is hold for a few more months, smart contract are coming Q2 this year. see how it goes and if it turns out to be dogshit then make a decision to exit or not

[Anonymous No.30037968]

>>30037880
it already mooned and went 5x a couple days ago, probably won't happen again, especially not if I put any money on it

>>30037915
we'll get through this and come out a lot richer, for sure

[Anonymous No.30037981]

>in theory
Your theory is just a guess based on past performance. Past performance is not a reliable indicator of future performance. There is no mathematical proof for the theory.

[Anonymous No.30038074]

>waits for a retard to post "vapourware".....

[Anonymous No.30038191]

>>30037038

According to my TA, Charles is a larper.

[Anonymous No.30038311]

>>30037604
Wow, a good post. Been a while since I've seen one of those

[Anonymous No.30038313]

>>30038074
Not gonna lie, /biz/ fud is bullish as fuck. I bought 1500 ADA thanks to the fud here. Just gonna hold my bags and give the coin time to develop. Whenever I read /biz/ fud comments my eyes get dollar signs in them.

[Anonymous No.30038426]

whoever says that cardano will beat ethereum is a fool. look how many coins cardano has in circulation, $ 100 cardano - 3 trillion capitalization, this is impossible

[Anonymous No.30038494]

>>30037155
Absolutely based, may you enjoy only the finest crayons

[Anonymous No.30038589]

>>30037604
this post makes me think back to an ama charles did in 2019: https://youtu.be/bmkQDlhsNGc?t=1149

[Anonymous No.30038698]

>>30038426

100 BTC used to be barely enough to buy a pizza.

To beat ETH on market cap, ADA only needs to hit around $4. $100 ADA is ridiculous as a concept, but ADA beating ETH isn't, and even getting ADA to $10 might not be seen in the next 5-10 years

[Anonymous No.30038747]

Used the 1 day tracker to get a better overview of where you're at in relation to patterns and form a strategy around that.

If you go full ADHD on anything less than a 1hr tracker you'll lose loads on transaction fees and end up getting twitchy and obsessing over every little rise and dip.

Set the trade, walk away, check it morning, noon and night. Breathe.

[Anonymous No.30038806]

>>30038698
it's so funny when people bought 100 cardanos and think it will cost $ 1000

[Anonymous No.30038969]

>>30038426
114,882,473 ETH circulating supply

45 billion ADA exists, 31 billion of that are circulating supply.

Yes in comparison, the amount of ADA in circulation is utterly bonkers. We can only hope that they develop a way to burn this supply if they want it to have any real value. I expect to make a 2x-3x off my investment in ADA.

I'm curious though, did Ethereum always have that 100 million supply or did they got through several supply burns through its development? I feel like the latter is the case.

[Anonymous No.30038996]

>>30038806
You probably thought that a $4 coke was an impossibility at one point

[Anonymous No.30039064]

>>30038996
Bruh, and a $14 for a small big mac meal.

[Anonymous No.30039074]

>>30038969
Ethereum was mined. So it doesn't need burns and can't have burns.

[Anonymous No.30039147]

>>30039074
Oh so its supply is based solely on the work of miners. 45 billion coins no mining with ADA does seem ridiculous. Welp

[Anonymous No.30039185]

>>30038969
there have not yet been situations in cryptocurrency when a coin burned its reserves, at least I do not know this

[Anonymous No.30039423]

>>30039185
A lot. Don't go throwing statistics for nothing.
Many projects burned token to no avail with price barely moving.
Token burn is meme

[Anonymous No.30039498]

ada supply is capped, burn is pointless.

[Anonymous No.30039524]

>>30039423
I can believe in burning, but what about those who bought 50-100 million cardanos?

[Anonymous No.30039606]

>>30037604
Why would you want a blockchain based mmo?

[Anonymous No.30039654]

>>30038969
They will never burn any ada, to appease short term speculators is room temp iq. people continuously gloss over the fact global crypto mcap was around 11 billion <5 years ago. today it's 1.5 TRILLION. That is also ONLY off of speculation. No crypto projects have real world use and utility right now. if you honestly believe we are not experiencing exponential growth in this asset class you are genuinely retarded. Just wait until projects like Cardano are adopted for said real world use cases. expect around a 10 trillion global mcap in the next 5 years. if you think cardano having a 1-2tn mcap is impossible then pic related.

[Anonymous No.30039771]

>>30037155
Yup. Sell signal. Double top.

[Anonymous No.30039841]

>>30038426
You niggers are so tiresome...
The global crypto market cap 5 years ago was only 10 fucking Billion USD
Today Cardano in valued 40 Billion USD
3 Trillion for Cardano is expectable in 5 years if we follow the same growth rate

[Anonymous No.30039850]

>successful fork
>mostly unaffected by BTC crash
oh gee, what could happen next

[Anonymous No.30040079]

>>30037604
>stock market is more speculation these days too
Always has been.

[Anonymous No.30040211]

>>30037155
I bought AVAX because it was red.

Then I bought BNB and FTM because the colours look nice together.

All around December.

[Anonymous No.30040314]

>>30037038
yep it's a cup and handle alright
>>30039548
CUP AND HANDLE MY BALLS

[Anonymous No.30040321]

>>30040211
I rode Avax from 14 to 56 because it went up. And did a 300% on FTM because it went up.

Up is good. Down is bad.

[Anonymous No.30040361]

https://cardanoscan.io/transaction/2a3202c2c1f10edbe8df77fa872603055d62e5aee5e2c8f671f58791bcbf436a?tab=tokenmint

[Anonymous No.30040576]

>>30040361
It's just a token with the ADA ticker, you could do the same on ETH

[Anonymous No.30040770]

>>30037604
>Pajeet Casino
Fucking kek