Cardano (ADA): Is it Liquidity Immature?
7 years ago in #cardano by haejin (85)
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I see further correction coming suddenly on Cardano by the 20th.
Thanks for the update :)
Yall want that free crypto fundamental analysis? https://steemit.com/bitcoin/@investingtips/free-crypto-fundamental-analysis-videos
Thumbs up if you bought Cardano at $1 thinking it would go to $10 and now are sitting here looking real stupid (like me....)
I bought my Cardano from as low as 6c and has high as 80c and will keep buying more.. a mate of mine bought 5k worth of cardano at 94c but we are not worried as this is a long term hold 3+ years min..
@ezimedia Exactly! why else would you buy on a project with "potential" @sadplanet I bought Cadano because I want to see them deliver. I will be holding on until they do. It's not time to fret. It really matters why you buy. If you buy because of a hype you will always be restless as everything that moves the market moves you. Not a nice place to be.
I believe you've done really well. Big things are coming for Cardano... The release of Shelley in Q2 is near & if there's anything Charles Hoskinson is really good at, it's being methodical & raising capital. He also already knows what doesn't work, so his vision on what will, is greatly defined.
Well if someone believe that cardano can get a value of $10.00 must be dreaming, in order to be at 10.00 it will have to go to a $290 Billions market capital that could happen but in 5 years or if they burn some billions of coins. I can see Cardano at $2.00 or $ 3.00 but no more than that, but this is just my humble opinion because of the huge quantity of coins that they have.
What do you think will happen when the current 2 billion people across the globe without bank accounts & I.D start entering the market as their only means to support themselves?
It's a easy estimate to assume a Trillion dollor market capital, given enough time. On top of this, the only way governments can actually attempt to control Cryptocurrency, would be to buy into the markets on a large scale in order to influence them, as they have been doing with everything else since the beginning of time. This is only the start.
Just calm down m8 and wait for long time. Cardano will go to the moon :)
Very nice haejin
Thanks for the analysis on Cardano (ADA) I have a small part invested in the long term, I see it as a currency of good position and that will get a good valuation this year.
Thanks for the post! I'm in ADA for the long haul.. As what i observed in the crypto world, fundamentals are the key factors for this volatile movements of price recently. Sometimes technical works but, HODL my steemian crypto friends would be the best strategy of all! Good luck ,were going to the moon!!
I'm with you on that idea!
Charles Hoskinson has already said that he would like to see Cardano becoming the world's first Trillion dollar Cryptocurrency which will be self sustaining economy, after the Treasury roll's out in 2020. Big things are coming...
thanks for ADA update, I believe in it long term, 2 years actually
Smart
im in on ADA for the long term. They do appear to be much slower in development but I think their long term sustainability is there.
Whoever upvotes and follows me I will do the same to them. Just write done after you're done
Love the dtube video it helps explain the point better than just pictures, In a time like this the only thing looking real good is NEO its cheap at the moment and has the potential to earn us passive income!If the market cap goes to a trillion dollars then it is going to sky rocket! I said my part,invest wisely,followed and upvoted!
Thanks for your youtube link
Wow I didnt even know how cool Dtube was til I checked it out becuase you just posted a link on steemit, thanks!!!!!! I hope all youtubers make the move to DTUBE!!!!
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My ADA counts are the same idea.
Far out man. Do you think its a buyers market. What i mean could you really see more doom. IM SHITTING.
Nah its always going to be the same thing ... the bigger accounts which are the exchanges just hunt down the stops and eat up ... they know the retail just holds and hasn't learned how to trade yet... this is a tough market bless the brave souls haha
I like your thinking?
I am from Indonesia I love you @haejin. Follow me @yasir123.
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What happened to the spammers?
is there someone can explain this video for letters?
i'm not good at listening that's why ....
Thanks for information
50 dollars in ADA today lol just needed a small position to wet my whistle.
With news effect technical does not have chance
Cardano (ADA) is the Future. Get On-Board & Stay On-Board.
Cardano is falling with BTC ...no science
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Thanks for this post.
Thanks
To me, so many if these coins just look like they finished Wave 1) and are in wave 2) currently, speaking from a very large trend perspective..
I am very optimistic about crypto's for the year ahead in general and certainly appreciate all your work Haejin!
I saw a post the other day, where someone basically said this market correction is simply the process of taking wealth from the impatient and giving it to the patient..interesting..
thank you
A research first approach LOL
@haejin you seem to have a really good knowledge..
may i get some advice ?
Please you vote me
Thank's for this post.
Thank's for this post.
Thank's for this update post.
It's an art as much as it is a science. I think that is what you're trying to get across. But pretty rudimentary TA has benefited me greatly in helping me to pinpoint the bottoms of these dips. Yes, there may be one more lower dip in the future, but if there isn't then I bought at the most ideal times. Same was true for the last two dips. I bought at $7540 and it immediately started climbing. Whether or not another lower low was due was still up in the air. But at least I bought in right before the market turned, thanks to the skills that haejin is helping me cultivate. Then the next lower low happened. I didn't panic or try to sell to re-buy. I rounded up some more dry powder then bought at $6250, just before the bottom came at $5900. There may still be one more lower low and whether or not I can muster up any more powder is yet to be seen. But I've put myself in an extremely advantageous position thanks to very simple TA, a skill I've managed to cultivate through watching a master at work.
I sincerely hope you open your eyes to the true value of TA. It is not what you wish it to be. It is not a crystal ball. But it does help traders to find a signal among all the noise.
Excellent comment my friend. You very much echo my own sentiment. 100% upvoted.
In the same video where @haejin first identified this a,b,c,d,e correction he made it clear he thought $6,000 or lower was possible. At the time he didn't think it was very likely but he still advised that buy ladders in that zone were reasonable. I don't remember him making any hard calls about BTC prior to that during this correction.
He seems to redraw his patterns from scratch in many videos. And since TA is best when it's done with the most current information, resistance lines can move from day to day as a pattern expands slightly beyond its initial trajectory. As the currency moves closer toward the bottom in both price and time it becomes easier to pinpoint its destination. This is why TA changes from day to day. None of the changes you mentioned should have caused you to make any bad buys or sales, even if you were acting impulsively.
When a pattern like a triangle or even a wedge completes, there is no guarantee that a price will head in one direction or another. But identifying these patterns allows us to lean on an understanding of the propensity of price movement so that we are right more often than we are wrong. What more can you really ask for?