It might already been asked but I'm wondering why cardano is not booming... I mean, Eth gas problem is a big deal, smartbch suffered multiple rug pulls, solana is down every 6 months or so... Cardano kinda solves everything and still is under $1. What is wrong? What is the issue? #cryptocurrency #cryptotrading #btc #randomthoughts #eth #ada
@IggyDotDev in May 2022
Warren Buffett has said he will not even buy all the BTC in the world for $25, mainly because she wouldn't know what to do with it. If he got it, he would have to sell it so for him it has not really value. So yes... He has a point, if the thing you buy doesn't not have a purpose then you cannot really do much with it. Fair enough... Now, this is an issue with the whole adoption and use of that coin. Pretty much money was created to facilitate transactions, to get something…
Oh well... Markets are down, we are constantly going from mini pump to mini dump, and then accumulation phase. Nothing much you could do here I guess... In any case it's time to review yours plans and adapt. For me, last month I made $25, that I will put those to earn probably 4 to 5% APY in Nexo. I had upgraded however the amount of payments of noise cash to be the max allowed which is $10. The reason is to avoid some extra mini transaction fees. In terms of the goal I made…
BTC dumping hard! From $39k to 36.5k in a short period of time. Are we going even further down? Probably. Or I least I think so. In my opinion we could reach lower than this going into the $33k area before going up. Well at least that's what I think... #cryptocurrency #cryptotrading #bitcoin #btc #randomthoughts
Ah.. it's good to be back. I was busy with work and had not time to come back to the platform. Some things happening: - I stopped drinking coffee. No caffeine for me. Almost a week and it's ok. - Markets are crashing - Millionaires are being created -Terra Luna is way down. Also Ada is looking me like with shiny eyes. Less than $0.75 and huge potential with Hydra. I was fortunate enough to set some limit orders on uphold so I was able to catch it on the moment down before…
Just a shame to see the UST/LUNA going down like this. Still I have faith on the project. To me, the problem was that most of UST/LUNA capital was probably BTC. So this massive downtrend impacted them heavily. Still, I think the project is promising and provides tons of features and potential growth. However, I still think we could go lower with BTC. Just waiting to see if we hit that bottom and there is some sort of consolidation, accumulation there. Probably there, is the…
Was looking at the following video from Bitboy Squad and it made me think if the whole TerraUST/LUNA was actually forced by 3rd parties. And it makes lots of sense! Governments are pushing to get CBDCs instead of using algorithmic stablecoins, but if the governments go to big corporations and asked the make a dump on this what can they do? Also, this situation will be used as an excused to push regulation on stablecoins and everytime there is something that will not go the…
I don't know if people saw one of Charles Hoskinson last videos "a few musing" but oh boy... It was really good. I like the way he talks and engages with the community. And also he explains thing pretty clearly. And to be honest, I haven't seen so far any other blockchain creator that is so engaged with the community. And we have soooo many chains to choose! https://youtu.be/pNH_PvkVN74 #cryptocurrency #cryptotrading #randomthoughts #cardano
Since the infrastructure bill in the US, we got more involvement from governments and corporations into the crypto space. Now the whole crypto market is crashing non-stop. Coincidence? I don't think so... #cryptocurrency #cryptotrading #randomthoughts #Cryptocrash
Well, nothing much has changed. Market even thought is a little bit up, I still think it will sink up a little bit further. However I am not worried. I might sound a broken record because of all the times i said this, but revisit your goals and adjust the approach if it not working. By the way, I've seen Alex Becker going full in into shorting LUNA. Anything with potential and super low prices, makes degens. An yet again, every time the same story repeats: - If you sell on…
The luna drama still goes on. And honestly it's going for long. Problem? Consensus and Trust. The chain depeged, millions of dollars lost. How would anyone trust that chain again? Secondly even when the creator is involved and tries to fix this, how can you ensure that everyone is ok with your plan? Meanwhile people trade cosmic luna dust, trading millions of luna just worth pennies. Luna is becoming a sh*tcoin unfortunately. Let's see where this thing goes but probably it…
This is kind of related to cryptocurrency as Cardano uses it under the hood. In any case, I started revisiting Haskell. I did some at Uni but completely forgot about. I have been always tempted to learn it back before even I heard about Cardano and now I think is time for me to do it. If you are interested Cardano developer documentation is pretty decent and good. The ONLY thing a little bit confusing (in opposite to the regular model as in Solana or Ethereum), is the…
I was playing around this morning with trading view and the 4h Cardano chart and here we go. We broken towards the downside and potentially towards a price target of around $0.30.. it could be a fake out though... So we have to be careful and look for confirmation signs that this goes towards that level of resistance... Hopefully we could see a bump before the hardfork. #cryptocurrency #cryptotrading #cardano #ta #randomthoughts
A little bit more of TA on Cardano. On the 4h chart we can see a falling wedge pattern that could potentially pump a little bit the price of ADA. Still it could go down but let's see how it goes! #cryptocurrency #cryptotrading #ta #cardano #ada #randomthoughts
So it seems I was right! We broken above the falling wedge. For the next one we need to double check what is the behaviour... Probably a tomorrow task. #cryptocurrency #cryptotrading #cardano #ada #ta #randomthoughts
Again for the ADA price, we broken above the falling wedge and now we can see that we are on an ascending wedge which is a bearing flag, meaning it tends to go to the downside. Probably in the next 8h to 12h, because we are still looking into the 4h chart. So I think we could see something happening later today. What do you guys think? #cryptocurrency #cryptotrading #cardano #ada #ta #randomthoughts
As expected, ADA price went down. It is trying to recover a bit before going down again. Probably this time we will see it going below the $0.5 mark. #cryptocurrency #cryptotrading #ta #cardano #ada #randomthoughts
I was out for some time but back again with some TA on the 2h chart on Cardano. It seems that we are in an upwards flag, which means that we are breaking or pausing a little bit from a downtrend before going back to the previous prices (yeaaap... it seems that it will be a down to potentially 0.52 again) Not sure until when that flag will hold. So maybe good for doing some swing trading? In my case I won't do it. I'm just waiting for the $0.30 target . My limit order is…
Finally! Coinbase learn and earn is back (at least on the mobile app). Giving up to $3 worth of the Mina Token! It's always great to get some free crypto. :D #cryptocurrency #cryptotrading #randomthoughts #coinbase #learnandearn
We are still moving along the 27-30k BTC range. Pretty boring stuff at the moment so I guess now it's a good time to remember to revisit plans and approaches. In my opinion, we shouldnt pay attention to all time highs and all time lows. Pretty much now can buy and sell at those exact times. Rather than looking at those, why don't you check if you made some profit? If so are you going to sell it so when it's down you could add up more? Asking the right questions lead to the…
Hmmm I have a question about Nfts. I l decided to dive into this topic and check projects but not sure if I should focus on smartBCH, ETH, ADA, or SOL projects. I've seen so many rug pulls in smartBCH that I'm not sure this is right space for nfts anymore... What do you guys think? #cryptocurrency #cryptotrading #eth #sol #ada #nft