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?
- Edited
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.
- Edited
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.
…
…
…
…
<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.
- Edited
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.
Going to put 1k in Ether, but cant see an each way option.
Am I better off using William Hill?
You know lads, I’m beginning to think Cyril isn’t a true believer.
benson What top? Its a trading market, there are ups and downs in any market, we are talking about such short time periods here. The top is nowhere near.
The old adage always plays out, everyone wants to get rich but most will lose. All the information and statistics are there to help but people don’t want to do their research.
Its the same with the stock market.
Come on bro’s, have bought an e-scooter and everything.
Any juicy tips?
It’s quite good fun watching the prices swing about once you have a few quid invested.
Watch this - this guy called out all the price dips three weeks ago - the whole boom / bust thing has been engineered by institutions from the start:
Ethereum one:
The fact that it is so vulnerable to manipulation makes the whole thing a massive risk. Whilst I’m going to hold on what I’ve already put into it I don’t think I’ll be putting much more if any in.
No different to stocks imo.
That Ethereum one is interesting. If he’ right, it’s gonna come down a bit more before blasting off into the sun for a bit.
Wally No different to stocks imo.
Agree
I’ve seen you mention the phrase “cost average your way down” quite a few times Wally when these coins have fallen in value.
Just to make sure I understand you correctly here, what you are saying is “when the price goes down, put more money in” - right?
And just to clarify further, you can only reduce your average cost if you’re buying in at a price lower than your current weighted average entry price, which means you already have a net loss making position and you are advising putting more money in?
Nowt gets past you CJ.
I prefer to look at it slightly different terms - ’If your reason for investing hasn’t changed, a price drop shouldn’t concern you and you should take advantage of that’
In this specific case, I invested in Ethereum because I researched it and I believe in blockchain technology, the ethereum project and it’s future planned updates. Is it going to go bankrupt and cease to exist? Pretty unlikely I would say so being patient and buying the dip is a winner imo. ‘Time in the market beats timing the market’ as they say.
I’ve been investing for long enough that being in the red doesn’t phase me.
- Edited
Wally The kind of “technical” analysis is a load of bollocks. The pattern is nearly always matched and pointed out in retrospect.
You’re better off asking Russell Grant for a prediction.
- Edited
I dunno, I find it hard to discount the idea that institutional investors haven’t developed a system over the years to extract the maximum amount of cash from suckers and would use it for a relatively new asset class.
Having said that, I’m not sold on technical analysis as a way to trade either but then this chart comparison isn’t technical analysis.
Matic getting hit a little now but has been on a great run, it supports ETH so I think I will stick with it 5 dollars is possible by end of year.
And the whole market has just dropped 20% or so. Jeez.