ADA

Capital-Physics4042

The FOMO is strong. Should I borrow at 5% interest pa, $10k to put on ADA (should buy around 25k) which I'm 90% confident would go to $225k in 8 months to a year. Or maybe sell my 2nd hand car (use public transport for a few months) so I can buy a better car with ADA gains

Sebanimation

Wow even ADA broke 40 cents!

MinimalGravitas

> Remember than Cardano pools are much lower cost to run than a lot of other chains. I'm not sure this point that Cardano doesn't need as much reward for staking pools is valid, because the payout in new issuance is about $670,000 per day. (or about $4.7 million per week if you prefer). https://moneyprinter.info/ An income of $54,000 per week and an inflation of $4.7 million per week doesn't seem a very balanced economy to me, but specifically addressing your point, why do you think there so much new issuance if the Cardano staking pools don't require it? My assumption is that if the staking reward were to drop by about 99% (to the amount generated by fees) then a lot of holders currently delegating to staking pools would sell their ADA and invest in a more productive asset. This means that inflation is essentially being used as a bribe to ensure holders don't sell, which again, doesn't seem like a very sensible economic model. I think Cardano as a chain is interesting, and the eUTXO model might mean that it can find a niche to survive in that benefits from its easy 'multi-send' ability or something. The asset ADA on the other hand seems like a very unappealing 'investment', precisely because of the points above, it doesn't really capture any economic value, and will either be inflated away if issuance stays high, or sold off by holders if rewards for delegating are reduced to a more sustainable level.

Whatever3999086543

ADA is so old school. A relic of past cycles. A dino coin.

OkArm8581

Of course less people use Cardano. Nobody can argue with this fact. ETH ecosystem is vastly superior, no questions. I'm not talking about that. Give you simple example. I want to top-up my cell phone balance for $100. To do it with ADA will cost me additional 0.17 ADA or $0.07. Please tell me how much would I have to pay to send $100 equivalent of ETH now?

lolcatsayz

Just curious why not Algorand? It also solves the Trilemma problem and its arguably more scalable, and also has toolkits for developers from every major language. When I put ADA and ALGO side by side I cannot see the clear advantage of ADA and why its fully diluted marketcap is over 10 times higher. Also I would not call Haskell a difficult language. I'd say any functional language is an easy language once you get over the FP mindset switch which yes, is admittedly very difficult. To me C or assembly are difficult languages, definitely not something like Haskell. What I would call Haskell is a beautiful language. Nevertheless, if you want to onboard large serious projects, they're not going to be done in Haskell, for the same reason they're not done outside the crypto world in Haskell. You're just not going to create the large teams and capital required for people that are proficient in Haskell, which yes, is sad, but it's the reality. You're going to need something like Java or C# (but definitely not python).

OkArm8581

Transaction cost on Cardano is around 0.17-0.35 ADA (from my experience). It's not free or very-very cheap as some other L1 chains by any means. But it's not nearly as expensive as Ethereum gas fees. I am not advocating here. I'm expressing my personal usage opinion. Do I hold ETH? Yes. Do I use it? No way. 😉 I don't use much ADA either but simply because it wasn't yet adopted by vendors I'm using. It will change with time.

piggleii

If you're wondering if you should buy ADA, ask yourself, "What has Cardano or Charles done in Africa lately?" Nothing? Well, there's your answer.

where-ya-headed

ADA to $50?

_Stealthy

100-200k tx And most pairs are traded against ADA. Solana is 99.99% bogus transactions as well as botted, how does that even compare lol.

DrinkMoreCodeMore

dumb af. keep your ADA staked until the bull comes and then sell it. >Plus, ETH and Algo have legit active real world utility, while ADA is completely hypothetical. lol

Roland_91_

you presume a lot of things incorrectly. Cardano Didn't really have an ICO, it used a voucher system and the presale was in Japan....so why it would need to meet american standards for an IPO is overreach by the SEC. Secondly, Yes lots of people are incentivised to build on cardano, there is $20m given away every few months to fund new projects through the Catalyst system. THe other thing to note is that ADA is an essential part of the cardano ecosystem, you cannot run cardano without ADA. and people need to own ada for it to work. so the token does work in a proof of stake system, the user does work, and the value is not entirely dependant on a third party. So you cannot separate ADA from Cardano the same way you can remove BTC from mining. It is not a security, but the SEC want to control and regulate the entire ecosystem....and they can't do that unless it is a security.

Giga79

A better way is not relying on centralized entities to gatekeep development and all implementation, but since no one is incentivized to build on Cardano as much as the few centralized (I presume) ICO/pre-mine investors then why would the system ever change? I just didn't know Cardano was explicitly an investment contract/security. I thought when the SEC deemed ADA as such they were pulling at strings, but I should look into their court filing maybe. I just naively assumed it was permissionless, or at least by now anyway. Apple has centralized development overseen by decentralized governance as well. Bitcoin for example, even Ethereum, has decentralized development overseen by decentralized (social) governance. Centralized anything usually doesn't last long in crypto, not under scrutiny. Thanks for the tip anyway, I will continue to research.

Despaciito

Diminishing returns. BTC will go to 140k which is a 2x from last ATH. Btc dominance will fall off a cliff and alts will rally hard. ADA to $10 and ETH to 15k Cycle top in late 2024/early 2025

Always_Question

Currently, most of the Cardanos taking rewards come from the staking reserve, the balance of which is rapidly being depleted. About 70% of ADA is staked, which is massive compared to, for example, Ethereum. As of today, about $6 million of ADA is paid out per day to stakers from the staking reserve, and only about $10k from transaction fees. Since the staking reserve balance drops logarithmically (most of the depletion happens in the early years), fees will have to make up the difference within a few years. Fees will eventually have to increase by about 300x in the next 3 years to make up the difference. There were some nice graphs that used to show the staking reserve balance, but as soon as I started raising concerns and pointing people to the graphs, and explaining how it is unsustainable, they were taken down. What exasperates the situation even more is Cardano's order book model "DEXs" cause most transactions happen off-chain. This is a fundamental side effect of the UTXO-based architecture. This means that Cardano misses out on those fees. What is left is NFT and commit transactions from L2s, which won't come close to making up for the depletion of the staking reserve. Cardano is going to eventually have to print ADA like crazy to cover its security budget, just like every other POS chain out there (except Ethereum).

anonymouscitizen2

Okay man thats great. If you trust charles and IOHK to take care of you go ahead. I don’t, and think ADA is a centralized chuck e cheese token. They’ve had seven years to take off the training wheels. They are always behind the curve and as long as it has central control keys and Charles in charge I will remain bearish on ADA.

Littlefinger_13

Hi! First of all, to clarify my position, I am a huge Cardano fan (it is the main chain that I use), but not a maxi. I found beautiful things in other Layer 1's too, and I believe that every major one has made some contribution to the space. Your curiosity is valid. So, why Cardano? Let's begin with the basics. There isn't a blockchain out there that has solved the "Blockchain Trilemma", namely Decentralization, Security, Scalability. Cardano gave from its beginning weight to the first two. It is one of the most Decentralized PoS coins, with over 2000 Stake Pool Operators (SPOs) running the chain. Also, it had a very fair initial distribution, with smaller percentages of the initial allocation going to the founders, compared with newer Layer 1's (Solana, Luna, etc.). So, it has great tokenomics, very low, and decreasing, inflation (\~3-3.5%), and a max-ADA supply, capped at 45 billion ADA with over 35 billion, now in circulation. Also, it is written in Haskell, and its science is peer-reviewed with a lot of scientific papers "backing" the science that has been applied to the chain. This is a double-edged sword. Haskell is an extremely difficult Programming Language, but also highly secure. So, it might scare some developers, but if you are going to build the financial system of the future, you want the core foundation of this system to be trusted, even if it is a little harder to build on it. But, this is changing fast. Despite the core Cardano code being in Haskell, every Dapp that is written in it, can be (especially in the future) written with more intuitive to developers tools. For example, Aiken, a smart contract language on Cardano, based on Plutus (the smart contract language of Cardano), has made the building experience much better for devs. The same can be said for Marlowe, a smart contract language (developed by IOG), that aims to help write financial smart contracts, with very little programming experience. Also, Plutus language is 2 years old, so it is evolving. The tools and documentation for it are getting better, and easier for devs, day by day. Furthermore, the "peer-reviewed" approach, is similar in vision. If your science has been proven theoretically by academics, you have a better chance to build something in secure foundations. Also, on the Security side, it has something that neither Ethereum, or Solana has, and it is making it extremely safe to use, for end users. The Cardano tokens, and NFTs, are native assets, not smart contracts. If I transfer to you a "scam" token or NFT, and you interact with it, in Ethereum or Solana, it could drain your wallet. This is not a thing on Cardano. In ETH, when you want to swap a token, many times you give "unlimited access" to the Dapp, for this particular token. If the smart contract you signed could be exploited, or the site you visited isn't genuine, you might lose funds. On Solana, the smart contracts are "blind" on explorers, so you can't be sure what you are signing. If you want a blockchain to be trusted by billions of users, for every range of expertise and tech knowledge, this is not something that should considered normal. Cardano fixes this. Also, its staking mechanism is the best (and most secure) in the space. Your ADA never leave your wallet, they aren't locked, there is no slashing, no dangers. In fact, if you ever deposit more ADA in your wallet they are auto-staked. So, has it solved the trilemma? No. The only thing that Cardano hasn't solved (yet) is scalability. It has low (not Solana low, but \~6 cents low) deterministic fees, but with the Vasil HFC a little over a year ago, has been more faster and efficient. Also, the scalability theme hasn't been abandoned, but it is evolving with Layer 2's like Hydra (something like Bitcoin's lightning network) and the next step of its Consensus Mechanism upgrade, Ouroboros Leios, which will include Input Endorsers, which will make the chain really ready to invite millions of users. Also, having the e-UTXO model (based on Bitcoin's UTXO one), you can transfer a lot of Cardano Native Assets (ADA, tokens, and NFTs) with one transaction. If you have 1000 NFTs in one wallet (not in a smart contract) on Ethereum, you should initialize 1000 different txs and pay fees for every one of them. Also, if the e-UTXO system is used correctly it can help improve the scalability issue, because you can basically have transactions in transactions. Simultaneously, Cardano's roadmap is on the Governance (the Voltaire) era. The CIP-1694, which will enable it, will pass in 2024, making it one of the most decentralized chains, because everyone could vote on protocol changes. Don't forget that Cardano has a huge treasury (a portion of the staking rewards go there), that is being used by the Project Catalyst to fund specific projects, that are being approved by Cardano holders (1 ADA = 1 vote). So, especially now, with the era of Voltaire upon us, this treasury could really be utilized in the most democratic and decentralized way. There are not many chains that can say that. Also, lately, it has been introduced the new step in Cardano's interoperability journey which is "Partner Chains". With the magic of some Polkadot's technology, other chains, that will act a little like sidechains, will be introduced on Cardano. Also, some SPOs that will want to secure those partner chains, will get back token rewards from them, so ADA stakers, will get more tokens as staking rewards upon their normally ADA staking rewards. This makes the project viable long-term, because the ADA staking rewards are diminishing every epoch, so the SPOs will need these extra tokens to survive and to help secure the network. Lastly, I want to talk about the community. Cardano Community is one of the biggest in the space. Despite not much marketing for Crypto media, it is the heart behind Cardano. Every Cardano Summit has people from around the world. You can see how beautiful there is, if you dive deep inside it. Yes, there are some maxis (unfortunately every chain has some), but if you are patient to look, you can see how really diverse and lively it is. I have forgotten TONS of things, that make Cardano amazing. It doesn't have to be for everyone, and for you specifically. But, in a blockchain space that has forgot a little about its Decentralization routes, Cardano is a very welcoming voice in the space. Have a nice day!

Giga79

>Mate there are 7 genesis keys. >3 with IOHK >2 with CF >2 with Emurgo. Do any of these entities hold stake in ADA? This sounds very much like a security. I had no idea it was this bad.

thelatemercutio

Depends what you buy. If you buy Bitcoin, you're looking at.... optimistically $10000. I don't know. I don't have a crystal ball, but just guessing based on market cap and institutional money inflows and past performance. If you buy ethereum, you'll probably make around the same. In the past, ethereum has outperformed Bitcoin, but this cycle it seems a lot of other L1 blockchains are taking marketshare, and since ethereum moved to POS, it doesn't really compare to Bitcoin anymore. If you want to make more money, but with slightly more risk, go lower on the market cap list. Solana outperforms well. Celestia is hot right now. In a market where Bitcoin goes to $150k+ (~4x+), you're looking at solana to $1000 (~16x+) and celestia maybe 100x. Who knows. I don't buy stuff like DOT or ADA or MATIC, etc, because I don't believe in any of them, but I'm certain they will outperform Bitcoin as well and also do comparable numbers. Maybe more. Maybe less. But often people just keep buying into the bubble and then when the bubble pops they lose all of their gains because everything always falls 90%+. >Do you sell out, then buy back in a month later when it's fallen and wait another year to rinse and repeat? Usually the bottom is somewhere around a year+ after the top. Bear markets last maybe 2 years, then the slow creep up happens. So far there has been a 4 year cycle that aligns with the Bitcoin halving. Don't know if that will continue.

anonymouscitizen2

You don’t have the slightest clue what you are talking about so there is no point in discussing this with you You don’t need 1000 reasons why ADA is overvalued trash. One alone is enough: there exists a genesis control key that controls the entire chain making all of it’s PoS tech promises meaningless. Thats it, I’m out at that point. If I wanted to buy promissory tokens from centralized tech companies I wouldn’t be in this market. The mere existence of that key makes cardano trash.

Prahasaurus

> I'm lookinhg at the BTC address on the blockchain and it's all there, and hasn't moved, but it's not accessible so far via the Trezor. LOL. Cardano is basically a scam. There is nothing happening over there, just staking. A bunch of suckers staking to earn more ADA so they can stake more. No adds doing anything of value, nothing new, nothing unique. Cardano is the thinking man's CUMROCKET. If you are too dump to purchase ETH/BTC/SOL but too smart to purchase SAFEMOON, then Cardano might be the chain for you. It's definitely Reddit's favorite chain, which tells you a lot right there...

CointestMod

#Cardano Con-Arguments Below is a Cardano con-argument written by CreepToeCurrentSea. > Cardano is a public blockchain platform that is open-source, decentralized, and runs on a proof-of-stake algorithm. ADA is the name of their native currency. Charles Hoskinson, a co-founder of Ethereum, spearheaded its launch in 2015. ([1](https://docs.cardano.org/introduction)) > > # CONs > > **The Pointperson** > > * Bitcoin worked so well due to one of the facts that its supposed creator/founder stayed anonymous until Satoshi finally went offline and never came back. The problem with Cardano also resonates with much of the other crypto projects/networks, that having a publicly exposed leader/founder leaves the project open to criticisms and especially linked damages incurred if a said founder would be found out to have some issues/scandals. - Humans always have some imperfection in them no matter how genuine and brilliant they are or how perfect they look. Hoskinson is no exception, no one is. ([2](https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14), [3](https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program)) > > **Complexity can Slow Things Down** > > * While most of the blockchains in crypto use object-oriented programming language like Java and Rust, Cardano uses Haskell which is a function-based programming. With this. Haskell has more complexities as a language and as a result less known developers. The complexity of Haskell is an asset to Cardano for being using a unique language but it's hindering their development while other blockchains are speeding up their growth. ([4](https://www.cryptoeq.io/corereports/cardano-abridged#technology)) > > **Too Much Competition** > > * Cardano runs on a proof-of-stake consensus, a consensus that right now is highly crowded with other blockchains and just like these other blockchains, all are catching up to Ethereum. Cardano ranks 29th in Total Value Locked compared to other staking blockchains and $6.1K daily fees generated while Ethereum has a whopping $2.1M daily. Fees are critical for a blockchain's long-term health and sustainability because they provide economic security as issuance/inflationary rewards diminish over time. This is clearly a great difference due to the lack of development and lack of usage in the Cardano Network relative to the growth of other chains in the same consensus. ([5](https://grayscale.com/wp-content/uploads/2021/09/CARDANO_Building-Block.pdf), [6](https://defillama.com/chains), [7](https://tokenterminal.com/terminal/metrics/revenue)) > > **It's Dependent on these Three** > > * Since 2015, Cardano has been primarily controlled and developed by three distinct entities. IOHK, the Cardano Foundation, and EMURGO are among those involved. IOHK is the development branch responsible for Cardano's design, built, and maintenance. The Cardano Foundation works like a liaison of education and information that works to increase network adoption through education, promotion, and representation of the ecosystem. Finally, EMURGO, Cardano's commercial branch, acts as a bridge to help invite existing companies to the technology as well as invest in it and assist startups that want to build applications within the Cardano ecosystem. These three entities are crucial for the survival and growth of Cardano, if one or two of these entities fail then it will be detrimental to Cardano, leaving it last in the race for dethroning Ethereum. ([8](https://cardano.org/partners/?tab=iohk#partners-section)) > > Sources: > > [https://docs.cardano.org/introduction](https://docs.cardano.org/introduction) > > [https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14](https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14) > > [https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program](https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program) > > [https://www.cryptoeq.io/corereports/cardano-abridged#technology](https://www.cryptoeq.io/corereports/cardano-abridged#technology) > > [https://grayscale.com/wp-content/uploads/2021/09/CARDANO\_Building-Block.pdf](https://grayscale.com/wp-content/uploads/2021/09/CARDANO_Building-Block.pdf) > > [https://defillama.com/chains](https://defillama.com/chains) > > [https://tokenterminal.com/terminal/metrics/revenue](https://tokenterminal.com/terminal/metrics/revenue) > > [https://cardano.org/partners/?tab=iohk#partners-section](https://cardano.org/partners/?tab=iohk#partners-section) > > [https://cardano.org/partners/?tab=cardano-foundation#partners-section](https://cardano.org/partners/?tab=cardano-foundation#partners-section) > > [https://cardano.org/partners/?tab=emurgo#partners-section](https://cardano.org/partners/?tab=emurgo#partners-section) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.

CointestMod

#Cardano Pro-Arguments Below is a Cardano pro-argument written by noxtrifle. > Cardano is a project that is [focused](https://docs.cardano.org/new-to-cardano/why-use-cardano) on providing a secure and scalable foundation for the development of decentralized applications (dApps). It was created in 2017 by Charles Hoskinson, co-founder of Ethereum, and is built on a proof-of-stake consensus algorithm called [Ouroboros.](https://cardano.org/ouroboros/) > > Cardano is designed to address some of the limitations of earlier projects, such as its main competitor Ethereum, by using more [modular](https://docs.cardano.org/explore-cardano/cardano-architecture) and flexible architecture. It also become a secure and scalable platform for the development of dApps by using a formal, research-driven approach to software development. > > Therefore, these features bring about several pro-points of Cardano: > > # Smart Contracts > > * Cardano's smart contracts are implemented using Plutus, a functional programming language specifically designed for development on the Cardano platform. > * Plutus is a turing-complete language written in Haskell ([source](https://docs.cardano.org/plutus/learn-about-plutus)) and allows developers to create complex and sophisticated contracts. > * Plutus is also designed to be highly modular, meaning that developers can easily create and import [libraries](https://docs.cardano.org/plutus/plutus-resources) of pre-written code to use in their contracts, allowing them to reuse code that has been tested and proven to be reliable. > * This streamlines the developing process for Cardano smart contracts, improving efficiency overall despite Haskell's complexity. > * Cardano uses a unique [multi-layer architecture](https://www.cardanesia.com/post/what-is-cardano-settlement-layer-computation-layers) that separates the settlement layer, where transactions are recorded and validated, from the computation layer, where smart contracts are executed. This separation of purposes allows the computation layer to be optimized specifically for the execution of smart contracts, which in turn attempts to improve the overall performance and scalability of the platform. > * Smart contracts on Cardano are [deterministic](https://iohk.io/en/blog/posts/2021/09/06/no-surprises-transaction-validation-on-cardano/), allowing Cardano's reliability to improve from the perspective of users. > > # Security > > * Currently, the minimum attack vector for Cardano is 24 as compared with Ethereum's 3, suggesting that the former is up to 8 times more decentralized and secure than the latter ([source](https://u.today/cardano-network-8-times-more-decentralized-than-ethereum-here-are-details)). > * The Lace Wallet being developed by IOG, the company behind Cardano > * It will feature a [DID](https://cexplorer.io/article/cardano-will-have-a-new-lace-wallet) (decentralized identity) functionality for users to better allow them to control their private data and how it is used. > * Once it supports paper wallet PGP encryption, Charles Hoskinson [states](https://www.crypto-news-flash.com/cardano-invests-millions-of-dollars-to-improve-security-of-users-will-it-drive-ada-price-to-3/), it is impossible to hack a Lace wallet. > > # Speed & Scalability > > * Cardano processes around 250 transactions per second currently, but following the Hydra upgrade each head has been tested to handle up to 1000 ([source](https://www.nasdaq.com/articles/3-reasons-to-fall-in-love-with-cardano)). > * Each transaction [takes](https://bitni.com/page/cardano-ada-faq) around 5-10 minutes for finality, and costs 0.17 ADA, which is currently [worth](https://medium.com/coinmonks/fees-on-the-cardano-network-5e14af4bace7) 5 cents. > * IOHK has outlined that they plan to improve scalability further through: block size increasing, pipelining, input endorsers, script enhancements, on-disk storage, sidechains, Hydra, off-chain computing, and Mithril ([source](https://iohk.io/en/blog/posts/2022/01/14/how-we-re-scaling-cardano-in-2022/)). > > # Africa > > >In Cardano's vision for Africa, code is king and "the code transcends government, and if the government tries to move it in a particular direction, they cannot", added Hoskinson. > > Source: [https://news.yahoo.com/cardano-blockchain-africa-web3-053042164.html](https://news.yahoo.com/cardano-blockchain-africa-web3-053042164.html) > > * Cardano's development team is attempting to bring financial equity to the continent of Africa by: > * Enabling users to prove their identity, qualifications, and securely store savings. > * Providing an alternative for users in oppressive countries. > * Issuing micro-loans to people without credit histories. > * Building an individual's transaction history by tracking their transactions. > * Securing property deeds on the blockchain. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.

Powerful-Alarm9394

Exactly my thoughts, why choosing an inflationary meme coin (especially when Elon failed to open his own trading platform so that it could pump), and ADA when SOL is currently trending. The ones you named are great choice as well. Tho XRP isn’t a bad choice and I know nothing about CRO.

newhorziont

ADA you dead?

Prahasaurus

Why do most people here purchase such garbage as FTM, XRP and (my personal favorite scam coin) ADA? I mean, Cardano is such a joke. Why not do some actual research and invest in projects that are truly building something?

AwkwardDilemmas

Only need one, frankly, to have made the whole exercise successful. ANd the more that pop, the more successfuller. CRO - because i have some history with this, and was able to buy a high tier [Crypto.com](https://Crypto.com) card with proceeds of the last pump. DOGE - all it takes is for Elon to make it THE token for his X platform. ADA - I honestly think Hodgkinson is a douche. But all it takes is a couple of announcements. But you're spot n about the current MC... XRP - this is probabaly my biggest anticipatory event, frankly. FTM - Again, history, It's made me money in the past, and there are some interesting DeFi things going on. It's actually the lowest in ranking, in my list, to me.

thatswhyicarryagun

You should take that ADA and put it in a wallet like yoroi and stake it. You would be making another coin on average every 10 days or so. Makes the 10x even more valuable. But even if the price stays flat, the ADA staking calculators say you'll make about $100 in 5 years.

justnmirrrs

The best time to buy ADA is never.. the second best time is never again

LiveDirtyEatClean

Just buy a 100 sats. Ignore shitcoins and buy BTC. It's the only thing that's going to make a change in this world. Not Eth, not SOL, not ADA, not DOT, nothing.

__silhouette

I personally would invest in another lower cap crypto (like ADA) this bull run and then throw it in BTC during the next bear market, this is my opinion though and not financial advice.

G-E94

Some people are investing in ADA, CRO, XRP. Asking about BCH and LTC. I’ve even seen people investing in NEO. Like bro.. are you good? Are you on 2017 internet ?

diarpiiiii

Trade the ADA for the top Cardano memecoin snek

G-E94

Your choices scream that you missed 2017 and 2021 bull run and think the same coins will run again. And it’s probably true they will. But CRO and ADA is soooooooooooo irrelevant

telejoshi

I don't see how these are going to make you a 10x. They are not new, nor do they seem very undervalued. CRO is a centralized exchange coin, Doge is an old meme coin and we know that there's always a new one. ADA and XRP are both boring and already up in market cap. Don't know about FTM.

Outsider4Life9

Since everyone here hates ADA, now would be a good time to buy?

pukulu

We will probably see another run like that in 2025. That is my guess. I will not be touching my bag anytime soon. If you can, maybe try staking. I have my ADA staked and just collecting rewards.

ComprehensiveRead161

ISIS loves ADA

robeewankenobee

Algo doesn't work 'far' better, also the Mcap is far lower than ADA. 100% not clear if Algo is a better choice at this point ... been bagging both, but I incline to go on Cardano , less scams, better planning.

cr__ked

ADA is such a massive disappointment

99Beers

I fully support you in converting ADA to whatever you want. I did the same thing months ago. To be clear, no one, literally no one outside of the few shills on Reddit is talking about Cardano unless it's the butt end of a joke.

nocturnalstumblebutt

Nice. I'm so close but ADA is holding me down.

RiceDogo

Maybe get some other category coins to diversify more and leave some ADA in your portfolio just in case? I recently did the same for part of my Kas since it went up to the moon and got some CFG, SEI, and XMR. CFG = assets to defi, SEI = payments, XMR = privacy. Simply explained, CFG because I see a future where they tokenize company shares. Next to crypto I also own other assets, like shares, and a couple months ago some of them got sold because of a tender offer the broker got, which I think is BS, but you can't do anything due to contract. With tokenized shares, you'd be able to purchase shares and store them privately, completely at your will (at least what I can understand out of it.). SEI, is a competitor, I'm convinced it's better to hold several in a certain category. XMR, the more regulators gonna look, the more privacy will be used. It's one of the few crypto where I can rely on the privacy. Use CMC to look for categories, easy and fast.

RuehlmanM

If you had $10k to invest today which 5-10 altcoins would you invest in (not looking at BTC or ETH but looking to hopefully 3-5x in the near future). Of course just from your personal interest! I was looking at 1INCH, TRU, JASMY, HBAR, FTM, ALCX, VET & ADA but wasn’t sure which to choose to divide my money up and invest in. Any insight would be greatly appreciated! 🤗

RuehlmanM

If you had $10k to invest today which 5-10 altcoins would you invest in (not looking at BTC or ETH but looking to hopefully 3-5x in the near future). Of course just from your personal interest! I was looking at 1INCH, TRU, JASMY, HBAR, FTM, ALCX, VET & ADA but wasn’t sure which to choose to divide my money up and invest in. Any insight would be greatly appreciated! 🤗

Duzand

Personally I'd ditch the XLM and keep the ADA. But I agree, I work in Algorand everyday and it's the best experience by far. Cardano has a less interesting ecosystem.

T-Shurts

I ended up selling my XLM and consolidating into ETH, Algo, and ADA instead.

recessiontime

Not financial advice: I recently got out of ADA because the SEC and Charles acting like a loose cannon all the time. Cardano itself is one of the best platforms I have ever used and the fees are reasonable. It's just I didn't want to think about the SEC limiting the gains of ADA like it did to XRP in the previous bull run.

_Commando_

> I'd convert Algo to ADA. This

SpoolOfYarn

Lot of yall are gonna be in prison for not paying taxes lmao: via https://gordonlaw.com/crypto-taxes-how-to-report/ The following crypto transactions are subject to capital gains tax: Cashing out (selling crypto for USD/fiat) Converting or swapping crypto Paying for goods and services with crypto Trading crypto for NFTs or vice versa IS CONVERTING CRYPTO A TAXABLE EVENT? Swapping one type of crypto for another (for example, trading ETH for ADA) is a taxable event. The IRS views this as selling the first coin for USD, then using USD to buy the second coin. This is also true when converting to a stablecoin like USDC. It’s a very common mistake to think that crypto-to-crypto swaps are not taxable.

fan_of_hakiksexydays

This sounds like a post just low key shilling ALGO and ETH, and fudding ADA.

josef3110

CRO is a so called exchange coin. This has several consequences. Its tokenomics is totally controlled by [crypto.com](https://crypto.com). It's chain does not scale and is controlled by the exchange as well. In principle it works the same way FTT did for FTX. I suggest that you get out as quickly as possible. It is not the typical crpyto investment like BTC, ETH, or ADA. It works only to make cdc more money and has no benefits to their customers. That's the reason why cdc lured their customers into it with additional benefits. The same is true for BNB, OKB, FTT, etc. Btw., just as add. info FTT still has a market cap beyond 1B$.

Mark-vd

I think 75% I own is BTC and ETH other 25% is ADA, DOT, VET, LINK and ofcourse the moons from Reddit!

Due-Albatross-2253

I converted my ADA to ALGO a wile ago.

nyr00nyg

K? The guy I responded to edited his post, but it originally said everything else has doubled from the recent bottom (meaning 3 months ago). ADA is up roughly the same amount as Algo from that bottom.

dakinekine

Cardano ecosystem is growing. I think there is opportunity there for price appreciation when the bull run finally comes. Personally I’m holding a bag of ADA which I should have sold at the top…live and learn.

pb__

Sure, but it's -96% from the top, unlike ADA (-87%), XRP (-82%), Matic (-72%).

nyr00nyg

Algo is up 60% from bottom just like ADA, XRP, Matic

T-Shurts

How is ADA less skeptical than Algo? Algo isn’t hypocritical, and had real world use.

josered1254

Yeah. I'm getting away from the more skeptical alts. Converting most of my alta to ADA

CointestMod

#Cardano Con-Arguments Below is a Cardano con-argument written by CreepToeCurrentSea. > Cardano is a public blockchain platform that is open-source, decentralized, and runs on a proof-of-stake algorithm. ADA is the name of their native currency. Charles Hoskinson, a co-founder of Ethereum, spearheaded its launch in 2015. ([1](https://docs.cardano.org/introduction)) > > # CONs > > **The Pointperson** > > * Bitcoin worked so well due to one of the facts that its supposed creator/founder stayed anonymous until Satoshi finally went offline and never came back. The problem with Cardano also resonates with much of the other crypto projects/networks, that having a publicly exposed leader/founder leaves the project open to criticisms and especially linked damages incurred if a said founder would be found out to have some issues/scandals. - Humans always have some imperfection in them no matter how genuine and brilliant they are or how perfect they look. Hoskinson is no exception, no one is. ([2](https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14), [3](https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program)) > > **Complexity can Slow Things Down** > > * While most of the blockchains in crypto use object-oriented programming language like Java and Rust, Cardano uses Haskell which is a function-based programming. With this. Haskell has more complexities as a language and as a result less known developers. The complexity of Haskell is an asset to Cardano for being using a unique language but it's hindering their development while other blockchains are speeding up their growth. ([4](https://www.cryptoeq.io/corereports/cardano-abridged#technology)) > > **Too Much Competition** > > * Cardano runs on a proof-of-stake consensus, a consensus that right now is highly crowded with other blockchains and just like these other blockchains, all are catching up to Ethereum. Cardano ranks 29th in Total Value Locked compared to other staking blockchains and $6.1K daily fees generated while Ethereum has a whopping $2.1M daily. Fees are critical for a blockchain's long-term health and sustainability because they provide economic security as issuance/inflationary rewards diminish over time. This is clearly a great difference due to the lack of development and lack of usage in the Cardano Network relative to the growth of other chains in the same consensus. ([5](https://grayscale.com/wp-content/uploads/2021/09/CARDANO_Building-Block.pdf), [6](https://defillama.com/chains), [7](https://tokenterminal.com/terminal/metrics/revenue)) > > **It's Dependent on these Three** > > * Since 2015, Cardano has been primarily controlled and developed by three distinct entities. IOHK, the Cardano Foundation, and EMURGO are among those involved. IOHK is the development branch responsible for Cardano's design, built, and maintenance. The Cardano Foundation works like a liaison of education and information that works to increase network adoption through education, promotion, and representation of the ecosystem. Finally, EMURGO, Cardano's commercial branch, acts as a bridge to help invite existing companies to the technology as well as invest in it and assist startups that want to build applications within the Cardano ecosystem. These three entities are crucial for the survival and growth of Cardano, if one or two of these entities fail then it will be detrimental to Cardano, leaving it last in the race for dethroning Ethereum. ([8](https://cardano.org/partners/?tab=iohk#partners-section)) > > Sources: > > [https://docs.cardano.org/introduction](https://docs.cardano.org/introduction) > > [https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14](https://medium.com/yardcouch-com/why-charles-hoskinson-was-shamefully-kicked-out-of-ethereum-8b29faa5cd14) > > [https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program](https://cointelegraph.com/news/charles-hoskinson-under-fire-for-not-dropping-out-of-a-phd-program) > > [https://www.cryptoeq.io/corereports/cardano-abridged#technology](https://www.cryptoeq.io/corereports/cardano-abridged#technology) > > [https://grayscale.com/wp-content/uploads/2021/09/CARDANO\_Building-Block.pdf](https://grayscale.com/wp-content/uploads/2021/09/CARDANO_Building-Block.pdf) > > [https://defillama.com/chains](https://defillama.com/chains) > > [https://tokenterminal.com/terminal/metrics/revenue](https://tokenterminal.com/terminal/metrics/revenue) > > [https://cardano.org/partners/?tab=iohk#partners-section](https://cardano.org/partners/?tab=iohk#partners-section) > > [https://cardano.org/partners/?tab=cardano-foundation#partners-section](https://cardano.org/partners/?tab=cardano-foundation#partners-section) > > [https://cardano.org/partners/?tab=emurgo#partners-section](https://cardano.org/partners/?tab=emurgo#partners-section) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.

CointestMod

#Cardano Pro-Arguments Below is a Cardano pro-argument written by CreepToeCurrentSea. > Cardano is a public blockchain platform that is open-source, decentralized, and runs on a proof-of-stake algorithm. ADA is the name of their native currency. Charles Hoskinson, a co-founder of Ethereum, spearheaded its launch in 2015. ([1](https://docs.cardano.org/introduction)) > > # PROs > > **The Founder** > > * Charles Hoskinson is to Vitalik Buterin as Cardano is to Ethereum regardless of their current rankings by marketcaps. Although the reason for Charles being removed from Ethereum was due to a disagreement between him and Vitalik, Charles still had some kind of influence, intellect, and charisma to be one of the founders of Ethereum. It would be still very possible that he is applying the same principles and approach into Cardano. ([2](https://en.wikipedia.org/wiki/Charles_Hoskinson), [3](https://newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust)) > > **Greener with Orouborus** > > * Network participants run nodes in this context, and the chain chooses a node to add the next block based on the node's stake and other parameters. As a result, the main benefit of this consensus is that block producers do not need to spend excessive amounts of time and computer power solving random puzzles, resulting in less costs for mining rigs, less energy consumption, and less e-waste production. The environment is just as important as decentralization and proof of stake seems to have the better long term and sustainable answer for crypto. ([4](https://iohk.io/en/blog/posts/2021/08/17/why-they-re-calling-cardano-the-green-blockchain/), [5](https://www.independent.co.uk/space/cardano-crypto-bitcoin-elon-musk-b1849021.html)) > > **Less Centralized** > > * Cardano presently has around 3,300 staked pools operated by various users/organizations from their community. Every block and transaction is validated by any of these users participating within the community and without the reliance from any centralized authority. If any of these participants attempt to act in a way that resembles of a centralized entity then they will be issued with penalties that would be no benefit for them and still protect the network. ([6](https://docs.cardano.org/new-to-cardano/why-use-cardano), [7](https://docs.cardano.org/new-to-cardano/proof-of-stake), [8](https://docs.cardano.org/new-to-cardano/cardano-nodes)) > > **Other Points** > > * Over the past few months Cardano has slowly integrated itself in Africa in helping solve real-life problems by offering the technology within Cardano. One of their most notable plan was using the blockchain as tool in the betterment of the supply chain in the African market. ([9](https://emurgo.io/cardano-strategy-africa/)) > * The Mary Hard-fork implemented last year allows Cardano to tranform from being just a single-asset ledger to a multi-asset ledger. To summarize, this means that there will be new assets traded on the Cardano blockchain that aren't native. Native tokens, like ERC-20 tokens that can be created and transacted on the Ethereum network, will provide Cardano with similar functionality. ([10](https://medium.com/cardanorss/the-mary-hardfork-what-will-it-mean-for-cardano-2d4367a2288a)) > > Source: > > [https://docs.cardano.org/introduction](https://docs.cardano.org/introduction) > > [https://en.wikipedia.org/wiki/Charles\_Hoskinson](https://en.wikipedia.org/wiki/Charles_Hoskinson) > > [https://newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust](https://newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust) > > [https://iohk.io/en/blog/posts/2021/08/17/why-they-re-calling-cardano-the-green-blockchain/](https://iohk.io/en/blog/posts/2021/08/17/why-they-re-calling-cardano-the-green-blockchain/) > > [https://www.independent.co.uk/space/cardano-crypto-bitcoin-elon-musk-b1849021.html](https://www.independent.co.uk/space/cardano-crypto-bitcoin-elon-musk-b1849021.html) > > [https://docs.cardano.org/new-to-cardano/why-use-cardano](https://docs.cardano.org/new-to-cardano/why-use-cardano) > > [https://docs.cardano.org/new-to-cardano/proof-of-stake](https://docs.cardano.org/new-to-cardano/proof-of-stake) > > [https://docs.cardano.org/new-to-cardano/cardano-nodes](https://docs.cardano.org/new-to-cardano/cardano-nodes) > > [https://emurgo.io/cardano-strategy-africa/](https://emurgo.io/cardano-strategy-africa/) > > [https://medium.com/cardanorss/the-mary-hardfork-what-will-it-mean-for-cardano-2d4367a2288a](https://medium.com/cardanorss/the-mary-hardfork-what-will-it-mean-for-cardano-2d4367a2288a) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cardano) to find submissions for other topics.

DingDongWhoDis

Why? ALGO works better by far and has real world adoption with a much smaller market cap (room to run). What hype is keeping you and others favoring ADA over ALGO or anything else?

J-96788-EU

I'd convert Algo to ADA.

cutpidyn

Whilst a lot will say ADA, SOL and XRP (I love all 3) I think it'll be chainlink. It's going to explode by June 24. A bull run would carry it up to 6tj by it's self imo but the rapist growth will inspire an ETF giving it a comfortable position at number 3 in the Crypto charts

sharkhuh

LINK and MATIC. As alternative L1s, I'm looking at SOL and ADA.

HisCromulency

ADA is the sleeping dragon. Someday it will awaken from its slumber. Just you wait. You’ll see, you’ll see…

aggressor5

ADA (Cardano)

EarningsPal

The only reason ADA remained top 10 this whole time is other people think the same thing and hold the coin. People voting with where they hold value. Short term this can be manipulated. ADA remaining top 10 for this long could not be manipulated.

JerryLeeDog

A centralized entity created XRP for the purpose of profiting as a business. That's all I need to know to stay away from something in this space. That holds no value to me. I used to be very pro-ADA and I look back on how lost I was years ago. Payments don't need to be solved. its like trying to come out with another protocol after TCP/IP was already established. Bitcoin is already TCP/IP.

where-ya-headed

Thanks. Just bought $1,000 worth of ADA. ADA to $50.

slasherzx

Ergo nuff said. POW, no pre-mine and no VC. Multiple dapps that provide launchapds, lending, POS, NFTs and at current fire sale price. A unique bridge that would connect to ADA, BTC, and ETH.

BriBumer

Because BTC is the first generation (utxo) ETH is the second generation (account based) ADA is the third generation (eutxo) Many people mention Solana, or something else… But the most other Layer one solutions are just copies of the eth account based models… Not even talking about the scandals of those Chains. Only BTC, ETH and ADA are decentralized reliable OG Blockchains which are over 90% in TOP 10 MC. BTC and ETH even 100%!

Zoenboen

TVL locked in ETH is and has been decreasing. A lot of money recently fled to SOL, likely a lot less to ADA. I'm bullish on ETH because of the values locked, but as we see those numbers come down I worry about the true **demand** for ETH. In the past you needed it in good and bad times to recoup any locked funds, liquidity. But if we keep seeing those positions diminish the demand for ETH to move positions will decrease. Thankfully gas is still a bid system and during a *real* bull run we'll see articles detailing $100k gas fees paid by whales moving millions.

apkatt

Everyone will have their own list of reasons, but for me personally: * The project is one of very few that adheres to the Bitcoin ethos of decentralization, the biggest point for me. * ADA has been a pretty much consistent top 10 project since launch in 2017. * ADA, BTC, ETH were the only top 10 projects to reach new ATH last cycle (excluding CEX coins) * Mr. H, he is a **net good** for both Cardano and the industry as a whole. The constant anti-CH circle jerk in r/cc was old years ago. * Arguable the best implementation of PoS, and general easy of use.

atomicoblivion

This man has seen the ADA army.

ennuiatom

ADA

CraftyInvestigator25

XRP - ADA - SOL In that Order I'd assume