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TheCurrencyAnalytics

04/26/2022

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Cardano (ADA) People Will Realize the Slow and Steady Development Potential Soon

Catch up on the latest crypto market news at The Currency Analytics. Dan Gambardello shared: The fact that Cardano gets so much negative press makes me enjoy it more. Am I weird?… The post Cardano (ADA) People Will Realize...

Cardano (ADA) People Will Realize the Slow and Steady Development Potential Soon

Dan Gambardello shared: The fact that Cardano gets so much negative press makes me enjoy it more. Am I weird?

Community Response:

500 projects already building on it, that’s more than on Solana and Fantom just after a few months, so many great projects will launch very soon + Hydra. People will realize the potential soon.

And, Cardano is one of the only blockchains that solved the Blockchain Trilemma. I can’t imagine another Blockchain being mass adopted by nations.  Cardano Africa is leading the way, millions coming to the Blockchain soon.

Blockchain trilemma – Decentralization, security, scalability.

What is your thesis on why people hate Cardano so much?  Ethereum holder loyalty is being threatened. Crypto is a lot like sports, unfortunately.

Use Cardano for anything. It’s an awful experience compared to AVAX/FTM/SOL.

When the price is down 70% and hasn’t changed over a year. You enjoy it, man? Yeah, they love it. And, they love the negative press, none of it deserved because, you know Cardano is the best and soon, very, very soon something will finally happen. And stuff.

I just saw a poll about #Cardano headed to 0.40 and the sentiment around it. The poll was confident it ADA wouldn’t but the confidence made me feel the opposite. IMO when the market is pessimistic, that is when to be most bullish. Is there too much optimism?

Depends on who is optimistic and who is not. Fake crypto gurus and their followers are indeed negative about the market.  People who made it and got a track record see it more than positive long term, and it’s hard to predict weekly movements.

Anyone who tells you they are “positive long term” is telling you “They don’t know what is going to happen” and most have enough money in the event they are wrong “long term”. My overall point is that right this moment, charts look bearish, but we have 40 dollars predictions.

You can be long-term bullish without making monthly predictions. Day trading is extremely difficult, 99% of people lose money on it, it’s not even crypto-specific. I think it’s ok to say I have no clue what happens next month, but be optimistic about what happens in the next years.

Who isn’t bullish about their investment? Right now, I still see too much optimism short term and long term to make me think this bear market is over. This is why I asked that question to see if it was just me.

Seems counterproductive to have all this mess. The utopian view would be everyone working together. That’s never happened in the history of the world. Nothing new under the sun. Solomon would not be surprised by all this strife.

Is CT always this depressing during bear markets? But I do find this to be encouraging.

That’s an interesting perspective indeed since crypto is now full of geopolitical “experts”. I still hope there will be no war, yet my portfolio would be the least of a concern if there will be a conflict.

The criticism of Cardano that I see is mostly by people that have no appreciation of its slow-but-steady development, lost serious money on it, or are resentful that the community and IOHK Charles do nothing to pump the ADA price.

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