Cardano bearish people please come here I need you!

PaperWallet

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Activity: 397

Merit: 21

Quote from: Cnut237 on July 26, 2020, 01:57:13 AM

Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

I found Cardano to be the perfect investment right now.
1-Because a lot of people talk trash about it (scam, etc) so that drives the price a little bit down which is good
2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.
3-Everything else...

I do think that Cardano is a good buy... however a reason to be bearish is that it is so phenomenally hyped. A lot of the price is already based on it succeeding... when that may not be the case. We also have to bear in mind that competitor projects don't stand still, particularly Ethereum, which has that upgrade to 2.0 coming soon, plus is the basis for a lot of DeFi.

I'm not bearish on Cardano, but I can see why some people are.

Exactly... but if they had 20% chance of succeeding, it is already a good bet at the current price.

PaperWallet

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Activity: 397

Merit: 21

Quote from: seven.71 on July 25, 2020, 03:46:13 PM

Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

But still, I really like this project, and I am truly scared about missing something over there.

this word makes me epic Grin

, likes things / blind fanatics don't care about losing something or even the value of something you like, if you are afraid it's better to get out of your investment then keep your money in the bank

No thank you I'll leave that to you I've never held my money in a bank.

Cnut237

legendary

Activity: 1904

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Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

I found Cardano to be the perfect investment right now.
1-Because a lot of people talk trash about it (scam, etc) so that drives the price a little bit down which is good
2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.
3-Everything else...

I do think that Cardano is a good buy... however a reason to be bearish is that it is so phenomenally hyped. A lot of the price is already based on it succeeding... when that may not be the case. We also have to bear in mind that competitor projects don't stand still, particularly Ethereum, which has that upgrade to 2.0 coming soon, plus is the basis for a lot of DeFi.

I'm not bearish on Cardano, but I can see why some people are.

seven.71

sr. member

Activity: 770

Merit: 251

live the dream but don't live the dream

Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

But still, I really like this project, and I am truly scared about missing something over there.

this word makes me epic Grin

, likes things / blind fanatics don't care about losing something or even the value of something you like, if you are afraid it's better to get out of your investment then keep your money in the bank

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.

That is actually best for the price. When all plans are just in the road map coin prices go sky high. When they deliver solutions huge dump happens. Simply because there is no use case for that solutions and no one use it.

PaperWallet

member

Activity: 397

Merit: 21

Quote from: Princejebs on July 20, 2020, 06:02:14 AM

Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

Hello everyone,
Please, this post is only for Cardano bearish people. Of you're bullish (like me) do not post here please. You will understand why in a second.
It's been about 6 months I am studying crypto, and I found Cardano to be the perfect investment right now.
1-Because a lot of people talk trash about it (scam, etc) so that drives the price a little bit down which is good
2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.
3-Everything else...

I find it so perfect as far as a risky investment is concerned that the words of Benjamin Graham start resonating in my head saying "Excitement in Wall Street leads to disaster". But still, I really like this project, and I am truly scared about missing something over there.

For the record, I only invested once in my life 3 years ago with gold that turned out to be pretty good for me.

If you have been holding for long time, I advice you still hold. What has been behind the recent developments on the value has to do with the Shelley mainnet release which should be around 29 July.

This is crypto and nothing is guaranteed even if guaranteed, it's not regulated. The market might not necessarily favor you like Gold you mentioned.
However, my fear is that, dump will certainly come at a point when the Testnet testers get paid around August. They will definitely want to sell if not half bag with the recent price pump.

Again, dnt forget that every other projects depend on BTC Movement.

It is a pretty interesting idea that the market could not favour you despite being the holder of the crypto. But what could happen as an example? As more and more people become accustomed to the crypto I do not see how another project will be able to steal that from them, even if they were to copy their open source code.

PaperWallet

member

Activity: 397

Merit: 21

Thks for your reply. No I'm not a holder I bought it at 13 cents and planning to buy more. It's quite expensive but I still think it's a good buy

Princejebs

member

Activity: 560

Merit: 26

Quote from: PaperWallet on July 20, 2020, 05:29:14 AM

Hello everyone,
Please, this post is only for Cardano bearish people. Of you're bullish (like me) do not post here please. You will understand why in a second.
It's been about 6 months I am studying crypto, and I found Cardano to be the perfect investment right now.
1-Because a lot of people talk trash about it (scam, etc) so that drives the price a little bit down which is good
2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.
3-Everything else...

I find it so perfect as far as a risky investment is concerned that the words of Benjamin Graham start resonating in my head saying "Excitement in Wall Street leads to disaster". But still, I really like this project, and I am truly scared about missing something over there.

For the record, I only invested once in my life 3 years ago with gold that turned out to be pretty good for me.

If you have been holding for long time, I advice you still hold. What has been behind the recent developments on the value has to do with the Shelley mainnet release which should be around 29 July.

This is crypto and nothing is guaranteed even if guaranteed, it's not regulated. The market might not necessarily favor you like Gold you mentioned.
However, my fear is that, dump will certainly come at a point when the Testnet testers get paid around August. They will definitely want to sell if not half bag with the recent price pump.

Again, dnt forget that every other projects depend on BTC Movement.

PaperWallet

member

Activity: 397

Merit: 21

Hello everyone,
Please, this post is only for Cardano bearish people. Of you're bullish (like me) do not post here please. You will understand why in a second.
It's been about 6 months I am studying crypto, and I found Cardano to be the perfect investment right now.
1-Because a lot of people talk trash about it (scam, etc) so that drives the price a little bit down which is good
2-No working product yet but a lot of work is to be done with very competent people, so when the product comes out it's true value will come.
3-Everything else...

I find it so perfect as far as a risky investment is concerned that the words of Benjamin Graham start resonating in my head saying "Excitement in Wall Street leads to disaster". But still, I really like this project, and I am truly scared about missing something over there.

For the record, I only invested once in my life 3 years ago with gold that turned out to be pretty good for me.

Topic: Cardano bearish people please come here I need you! (Read 170 times)