ETH is for pussies - ETHBULL (3x leveraged Ethereum) is for the real winners.
Crypto Currency - Believers Only
I’ve only started looking at crypto. Thoughts on Cardano?
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Hursty swears by it.
I’m more of the opinion that while it’s going to be technically sound and maybe even superior to Ethereum, being first to market for a lot of features makes all the difference. Ethereum’s updates will ramp the value right up and take care of a lot of the problems Cardano is addressing.
I’m also concerned that the most prominent figurehead of Cardano - (Charles Hoskinson) seems to regularly shit talk other currencies rather than big up Cardano. He was asked point blank by Mark Cuban about the utility of Cardano on twitter this weekend and offered a private chat rather than answer the question for which he was called out on:
Money to be made certainly - I’d certainly investigate what they are doing in Africa and other nations on the African continent as that seems to be a potential winner - but I remain unconvinced at present.
One tip I’d suggest is to subscribe to the different ‘trader’ and ‘finance’ sub reddits on reddit - ‘ethtrader’, ‘cardanotrader’, ‘ethfinance’ etc as well as the main channels. Have a browse for a bit and you’ll be able to get a handle on the general sentiment on each currency.
I need to go back and have a proper read of this thread and then get my crypto trunks on and dive in.
So far I’ve made £4 on DOGE here lads.
Jungle VIP
I’m about £50 up overall from last week’s investments
LT42 Interesting stuff but he only really answers the ‘What do people use it for right now?’ question for a few seconds with the 50K hotels and wine mentioned (so basically, not much). The rest is spent discussing technical stuff and why it’s better than Ethereum (but not out yet) or their digital ID project in Ethiopia (which is interesting for sure).
It’s interesting that it supports Haskell and other programming languages rather than just solidity. That could certainly get developers interested in things. The lower the barrier of entry, the better but I think it’s more likely that developers will release across multiple block chains if they need to (in the same manner as android / iPhones have the same apps and most games are released all consoles) rather than picking one. Sure you’ll get some exclusive apps only available on Cardano but there will be an Ethereum equivalent.
It may very well be a success in the future. He says himself, check it out when smart contracts come out. But right now it’s got a distinct vapourware feeling about it imo. Still, always happy to be proved wrong.
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https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/
This blog explains the ERC-20 token converter that Cardano is releasing to port across Ethereum dApps to the Cardano network.
I think both are good investments, Ethereum is more of a launch the code and fix after, Cardano is the opposite, get it right first time….problem is it takes longer…but long term the gains are more fruitful.
Look at it this way, 2X for Eth is $3500 to $7000 per coin….ADA is $2 to $4 currently, not that difficult imo.
Good morning JC! How are we on this gorgeous day.
Oh! Silly me! I’ve not checked my crypto wallet this morning. Please excuse me.
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<gunshot>
Kidding. In it for the long haul. Buy the dip.
The real money in my actual wallet looks the same as it did yesterday Wal 
Still finding the bottom, normal correction as part of a healthy bull market.
If we sink past 50% from the top…something is up. Let’s wait and see!
You do realise loads of gullible kids brought in near the top. This is not a healthy correction for them. It’s a huge loss.
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Hursty Ether has fallen 25 to 35% four times this year since Feb. Obviously this is the biggest in fiat money terms but I’m in agreement and my reason for buying in (I believe in the blockchain tech and Ethererum) hasn’t changed so no paper handing here. Cost average your way down. Laugh all the way to the magic bean bank in 6 months when it’s hitting new ATH.