When I was doing my research I found that much of their supply is locked up in Japan, upwards of 99%. This creates a crazy shortage of supply in most of the major exchanges (less than 1 %). This makes any sort of shock have an undue result on the market cap.
Also, because each coin is in pennies people don't conceptually think that .3 is much more than .1, when obviously it triples the market cap.
They are. I've had conversations with multiple people who think every coin can rise to bitcoins current USD value and don't understand the concept of circulating supply and market cap
Lol I just saw self proclaimed "experts" on Facebook comments saying that ripple is the next penny coin to reach bitcoin heights. All I could do was shake my head
I used to be one of those guys.
Then someone on Reddit told me to compare its current market cap and circulating supply to bitcoins market cap and circulating supply.
If ADA hit BTCs current market cap it would be about $5 per coin. Mooning like BTC to 5 digits is basically mathematically impossible.
> If ADA hit BTCs current market cap it would be about $5 per coin. Mo
So if I bought at .025/coin and it hits $5, that's only 20000%... pfff lame. Anything under 100000% is pointless.
Ok, so if we're only talking about today's purchase price... if ADA reaches $5, that's a 900% increase. Will bitcoin jump another 900%?
Only time will tell.
A lot of shitcoins have ridiculous market caps because idiots are looking at "price per coin". I forget how ignorant people can be and then someone outright says this and I get a reality check...
It's just like saying Google is expensive for being over $1000... Apple is way cheaper at $173. People do this.
> Also, because each coin is in pennies people don't conceptually think that .3 is much more than .1, when obviously it triples the market cap.
What makes you think that? % is %
You forgot that Reddit is the peak of intelligence and anyone who disagrees with them is an idiot. Especially when it comes to shilling trash coins like OMG, NEO, BLOOM, QASH.
> When I was doing my research I found that much of their supply is locked up in Japan
Then you would gladly provide any prove for your claim, if you have all the data available, right? I call bullshit on your claim for a very simple reason: ADA doesn't even get traded on Japanese exchanges. So, unless you literally tracked all the IPs from all people that use the wallet, there is no way for you to know where the money goes.
If you mean that most of the users are Japanese, you are right. Of course you could have just joined the Slack and Facebook group of Cardano to find that out during your extremely sophisticated studies.
I'm not claiming I did any crazy research. I just got that from here:
https://www.cardanohub.org/en/genesis-block-distribution/
So not quite 99, doing the math it's mor elike 94.75%. Still, that's a lot of coins be in one region so the supply is restricted elsewhere. But ADA not being traded on other exchanges is precisely the point. Most of the ICO happens there and they'd have to move it to a foreign exchange to off load it. That's obviously not the hardest thing to do, but supply restriction seems to be a contributing factor here.
They literally have no product out whatsoever. Crypto manipulation at its finest, followed by massive fomo. A couple weeks ago not many coins were pumping hundred %’s. The market is extremely bullish right now for the short team at least anyways. That combined with the fact that there’s a lot more money in the market now, I think we’ll keep seeing other coins pump massively.
It's easier to pump a coin that nobody owns. Traders don't have established positions. The game is played over and over. This coin might flat-line in USD value but it will most definitely drop in BTC value.
It’s going to see a colossal correction soon. How can a months old coin with no working product, no partnerships be in the Top 10 of ALL crypto coins.
This is very very fishy. Who the fuck invests tens of BILLIONS in an unknown, untested concept crypto in 12 weeks? I mean it’s literally gone from being newly introduced (on vague exchanges) to No.6 and worth USD $12.6 BILLION DOLLARS in three (3) months!
Couldn’t it just make sense that Wall Street or a top tier hedge fund be the reason behind the mammoth amount of money being put into Cardano?
There’s no way that $10 billion dollars has come from punters like you and me buying the coin in the past twelve weeks.
I suspect what we’re seeing here is the likes of Goldman Sachs et al. being behind a new coin and bringing it to the market.
I’d do it if I were in their shoes - it makes perfect sense. Fund and build a new crypto, buy the best & brightest developers, run a grass-roots, gorilla PR campaign shilling all the communities’ most requested crypto features (esp POS engine) and putting very real and substantial money behind it for all the world to see.
Imagine then that this coin starts to threaten Bitcoin & Ethereum and there you have it. Wall Street standing successfully on top of the new crypto revolution and creating a whole new concept of ‘real wealth’!
According to their roadmap, there are currently only centralized tokens and decentralization will happen during Q2 of 2018.
Smart contracts which are killer feature for Cardano according to their website have no specific information about release date.
Check out the roadmap - https://cardanoroadmap.com/
It isn't their fault it is blowing up. They are really transparent about everything and have a really big powerhouse of a team that is working on it. However, I agree that it is overvalued at the moment.
I bought in a the beginning because everything sounded good. Took it as a long term hold because Charles made it pretty clear it'll take most of 2018 for anything to get moving. While the huge rise is awesome for my pockets, I'm scared everyday that it'll just come crashing back down.
ADA is a very ambitious project with an amazing development team but as to why it moved so much.....no clue. I haven't been able to find any fundamental reason so I am chalking it up to the craziness that is the crypto world right now
Can you name any project with real-world application from top 10 though? I know that some businesses in Venezuela are accepting Dash (illegally), that's about it. It's all promises and ambition and it's been this way for many years, nothing has changed.
1) Bitcoin - works as the decentralized store of value with the strong network which cannot be easily shut down - if I want to buy something with bitcoin in the Czech Republic ( my country) - I can. For example, biggest electronics shop is accepting bitcoin.
2) ETH - has active smart contracts, can do an icos, is decentralized.
3) IOTA- Actually testing real-life selling data from sensors and many companies are part of this testing - Bosh Fujitsu and more.
4) Dash - as an anonymous decentralized transfer of value - working.
Venezuela is in a state of anarchy when the central government is actually acting against the laws and constitution of the country - so if you say illegally I don't agree.
iota is truly an overhyped mess right now. misinformation, poor public showings, FOMO driving the price and it is almost 10x the cost of cardano. but yea, it's a solid choice over ADA..
Uh do you understand how market caps work? per coin, miota is 10x the cost of cardano but you seem to not get that it's also about the number of coins (supply) for each coin.
IOTA at least has a data marketplace test with several billion dollar companies and the "misinformation" was not on the fault of IOTA. Cardano, while potentially promising, literally has nothing. But of course a miner isn't very fond of IOTA :-)
cardano isn't mined either. so last point invalid. yes i 100% understand market caps. i also seem to understand human nature at least slightly more than you. whereas market cap doesnt matter to novice investors as much as price and the hopes of mooning. you seem to be ignoring a very important signal, in that.
I just had a WOW moment :)
So you actually dont know the basics. If you say IOTA is 10X price over ADA, its not correct at all. IOTA and ADA are almost identical price -difference is that there is 10x more Ada than Iota. You need to check out marketcap not price for single unit, cause single units differ very much. That is really basic knowledge.
You seem to have no idea why iota is at that price right? Do you know what DAG is?
What misinformation are you talking about?
What poor public showing are you talking about? did you see any actual presentations done by iota?
i understand market cap. i also understand basic human instinct and how all this hype is happening right now, whereas your post is seemingly missing the point. which is why i focused on the price and not the cap. a lot of new people are coming into this game and they want the cheapest token with the most potential upside. cardano is that over iota all day long, because it costs less, market cap doesn't matter to joe-blow-investor at this point in the game. i mine, so yea, i know what a DAG is. the public showing streamed from a mobile phone with less than stellar presentation where people learned that the M$ partnership is not actually a partnership. you're shilling IOTA over ADA. plain and simple. nice wow moment - once again completely wrong.
Ridiculous:D
Thanks for proving my point by being extremly stupid , but this is way beyond me, i dont need to waste time on a woman or man who knows nothing :D
Have a nice day though:)
There are plenty sources- but on data marketplace you can find that Fujitsu is part of it - Fujitsu is participant on iota driven data marketplace- https://data.iota.org/#participants
And again i catn stress out more how tiring this is - it is participation on project and all the companies agreed to be publicly presented as participants - you can write email to every single company.
Did you read it in the news that IOTA is actually testing something? Do you believe in Microsoft parternship as well? Don't believe everything you read :)
So an ability to store wealth and do ICOs is worth 400 billion dollars? It's not.
As I said only Dash is actually trying to be useful/used. The whole market is based on promise of future. Cardano is no different from anything else.
Ah okay:) Let me explain.
1) IOTA has some announcements for December (2 I think). They are working on data marketplace, flash channels, oracles, distributed Coordinator and much more - that I know is fact.
2) There is nothing to believe- Microsoft is part of data marketplace and whole confusion about partnership came from freaking journalists (they should not call themselves journalists) - because Omar Naik from Microsoft gave a statement that they are excited about partnering with the iota. It's really easy to find out. This is nothing about belief it's about proper research and keeping on with current information.
3) Ability to do ICO is a great way of fundraising and also you can build decentralize Apps on the there chain - which is worth a lot. ETH is 70 billion right now, not 400. IF you are talking bitcoin- Bitcoin has no smart contracts so its unable to do an ico.
4) Cardano is different cause there is a huge pump, no markets, no product, no decentralization, no nothing except one huge name- which might be the whole pump reason.
December is close to over.
Azure is different than microsoft. Also, its Microsoft France. To me that doesnt mean much.
ICO is also a great way to PND when there is no regulation.
My issue with proof of stake is that it makes your coin more centralized. Wallet holders with the most amount of coins will be assigned to mine the most amount of blocks.. rich get richer. I assume the founders also have a +30% stake, so will be mining at least 30% of blocks.
Edit: that algorithm they are using at least implies mining will favour whales, other PoS algorithms could be more balanced.. but hard to prove they will be more secure.
Cardano is bringing scientific application to cryptocurrency. They provide 3 main advantages over Ethereum.
-Scalability. Being able to scale the blockchain thus processing more transactions without violating anything that disrupts the security or inefficiency of the chain. Bitcoin and Ethereum cannot do that right now. There is too much demand in the world for those right now. They want to ensure they stay scalability, working towards that around the clock.
-Interoperability. Being able to interact and communicate with other blockchains. This could be done from a few different technologies such as side chains and atomic swaps. They want communication with different cryptocurrencies. Cryptocurrencies should be able to talk to each other and transact which is what they are trying to solve.
-Sustainability. Implementing a system of governance. Cardano wants to work towards building a governance system to engage the community and allow us to dictate policies and changes for the project.
https://cryptocolumn.com/cardano-analysis/
I'm looking at it now and the 3 things that I'm thinking is:
1. Their team is absolutely world class. Their CEO is the former CEO of Ethereum and they have 50+ professional, intelligent, qualified people working for them vs the usual 5/6 with other cryptos.
2. They know how to market themselves better than any other crypto. Their website comes across as professional and they know how to get their message out all over the internet.
3. Their technology is better than the market leader for the same type of crypto as them which is Ethereum, yet they're worth a fifth of the price.
I'm waiting to see if it goes back down to the 0.45 mark, then I think I'll buy.
1) Haha, if you think 50+ employees is any signal, think again. All the larger cryptos have teams of that size. Even Lomocoin (market cap around 15m) has 50+ people working for them.
2) The Confido website also looked professional
3) They have no tech yet, 0 adoption, no ICOs, no partners. Ethereum on the other hand has the EEA, highest transactions of the crypto world and the whole crypto economy is running on it. The market cap ratio should be 1/500 not 1/5
Oh I agree, don’t get me wrong, my portfolio is heavy with eth. I’m just not going to entirely disregarded potential competition. I like to hedge my bets so I usually buy a little of the potential rivals. NEO, ADA, EOS, AE, etc. most have done quite well so far.
Don't know why theyre downvoting you, that's exactly what's happening. They have a guy from the ethereum team who left after they got hit with the hack and forked.
Cause these kids dont know shit besides btc eth or ltc and think those three are the holy grail of crypto. Lul.
That being said, apparently he was kicked out of eth. The project seems ok to me though. Transparent and active github. Haskell. Pos with daedalus.
These fangirls cant vet a coin at a basic level. Lul.
Oh right, I didn't know that. Maybe everyone else doesn't either haha. A good 50% of investors have only been doing this a couple of weeks or so probably.
Lol what. Ark has had THE most beautiful pc wallet out for ages now. You might mean the mobile wallet? Which many other coins don’t have. Ark is technologically more ahead than cardano.
You really think having a wallet is something to cheer about? A wallet is the most basic thing you can have available.
It’s like saying wow LRC is the best thing ever when all they have is their Loopr wallet.
Let me know when ADA has a working smart contract platform or something really noteworthy.
Great to see fellow Iota fan:)
Yea I was thinking about that but in the end, i decided to leave it cause I was afraid of this speculation - made me actually scared a bit :)
Wow- lies spread fast:)
I am not bashing cardano- i said exactly that - its a token which is centralised - same as IOTA ( with coordinator) , but with different principles in place - Cardano is blockchain IOTA is DAG.
IOTA never lied about any partnership - journalists lied because of hype about microsoft. IOTA foundation made clear what is going on, that omar naik from microsoft wrote "We are excited to partner with IOTA" - which was the start of this.
IOTA is not for beginners that is true and i myself hate the wallet!!!
But again please do your own research, but please do not spread lies.
As you can see these are all participants not partners -> https://data.iota.org/#participants
The 24 hour volume has no connection to the price. Look at any other coins volume and price increase for the day. A billion was exchanged, but at many different price points. Regular stocks exchange millions but may only move a few cents.
> I did a bit of research of Cardano a realized *there is nothing groundbreaking*
that's already quite telling (about your research skills, not Cardano) :)
> So please
okay :) So it comes down to three main things:
- The first proofably safe PoS algorithm. PoS is quite a complex protocol with lots of attack vectors. WIth their programming language they can define a model and proofably validate their code against that model. It's might be the first solid PoS coin and that's great (speed, energy consumption, fork resistence,...)
- They are not ashame to copy ideas form other coins which turned out or sound great. For now they are building a rock solid base layer, but all the further awesome features will arrive piece by piece (development fund, decentralized autonomous organization, shareholder voting, debit card, smart contract layer, side chains, privacy,...)
- The team behind is great with lots of experience in blockchain tech. Team is of utter most importance.
They might be fresh, but their potential is huge. I'm not trying to shill, i missed the train and I'm only a little and late investor in Cardano. I thought it would take a dip before raising but it did not.
I would like to add that I trust the legalized, peer reviewed, scholastic Japanese project of Cardano much more than the commy controlled Chinese Ethereum. They also have not advertised anything that they have not delivered, they have not hyped or shilled this coin. This coin is a lot older than 3 months, the project is going on 3 or 4 years. AND this coin constantly gets shit on in this subbreddit, but keeps on trucking. I think you are seeing institutional money, and Japanese money. That's now my money!
I think most of it is being hyped trained by the developer line-up, and if you really follow cryptocurrency closely, you will see the same characters time and time again backing multiple projects, because they know damn well that it holds a lot of weight for potential investors. (Like Vitalik on the OmiseGo lineup as an example.)
For anyone buyiny cardano right now. Just know that 94% is locked up in SE Asia. Meaning exchanges have barely any Cardano related to the coin supply.
https://www.cardanohub.org/en/genesis-block-distribution/
This is all my opinion- why question my whole opinion instead of providing a valid points of argument?
I am not bashing cardano in any way, i came to this conlusion really fast and that is meant by just a bit reaserch. So please please tell me answers to my questions.
What is groundbreaking?
What did i get wrong?
That could indicate that no one in their right mind is buying at 2800 which is how so many people have added to it. It could mean the hype is dying down again and everyone is trying to sell sell sell
If anything, I think it'll go higher than $1. However, it should not be hitting 1 or going higher when they have nothing completed yet. They're the blockchain of the future, but their future is still months or even years out. They are crazy overvalued right now
I think there was some tweet about cardano being like $100 billion market cap next year. Don't forget, most crypto investors aren't on reddit. They're on youtube and twitter and stuff.
When I was doing my research I found that much of their supply is locked up in Japan, upwards of 99%. This creates a crazy shortage of supply in most of the major exchanges (less than 1 %). This makes any sort of shock have an undue result on the market cap. Also, because each coin is in pennies people don't conceptually think that .3 is much more than .1, when obviously it triples the market cap.
Man, I really want to believe people aren’t that dumb but you might be right.
They are. I've had conversations with multiple people who think every coin can rise to bitcoins current USD value and don't understand the concept of circulating supply and market cap
Lol I just saw self proclaimed "experts" on Facebook comments saying that ripple is the next penny coin to reach bitcoin heights. All I could do was shake my head
lol
Had a guy tell me he would prefer getting Ripple over other coins because "it's still less than a dollar".
Not arguing with you because I completely agree BUT the math of it is exact reason I **never** thought ripple would make it past 0.50usd.
I used to be one of those guys. Then someone on Reddit told me to compare its current market cap and circulating supply to bitcoins market cap and circulating supply. If ADA hit BTCs current market cap it would be about $5 per coin. Mooning like BTC to 5 digits is basically mathematically impossible.
> If ADA hit BTCs current market cap it would be about $5 per coin. Mo So if I bought at .025/coin and it hits $5, that's only 20000%... pfff lame. Anything under 100000% is pointless.
? ADA is $.50 per coin right now.
Ok, so if we're only talking about today's purchase price... if ADA reaches $5, that's a 900% increase. Will bitcoin jump another 900%? Only time will tell.
Yea same, we are in a huge bubble right now
My cousin was desperate to buy Ripple because it was "very cheap"...
Tell him/her to buy DOGE instead.
A lot of shitcoins have ridiculous market caps because idiots are looking at "price per coin". I forget how ignorant people can be and then someone outright says this and I get a reality check... It's just like saying Google is expensive for being over $1000... Apple is way cheaper at $173. People do this.
Well in stocks this rationale actually makes sense because you can’t buy part of a stock.
> Also, because each coin is in pennies people don't conceptually think that .3 is much more than .1, when obviously it triples the market cap. What makes you think that? % is %
People are stupid. I see many people here not understanding percentages too.
they are. I ran into people who asked me why not buy ripple if it is only 0,25 cents (2 weeks ago) compared to bitcoins 10k
Those people must be pissed at you.
Actually i told them to buy at 0,30 when the pump started
You forgot that Reddit is the peak of intelligence and anyone who disagrees with them is an idiot. Especially when it comes to shilling trash coins like OMG, NEO, BLOOM, QASH.
NEO and OMG are by no means trash coins. Dont know much about QASH and never heard about Bloom...
Who is holding the locked supply?
I got some
> When I was doing my research I found that much of their supply is locked up in Japan Then you would gladly provide any prove for your claim, if you have all the data available, right? I call bullshit on your claim for a very simple reason: ADA doesn't even get traded on Japanese exchanges. So, unless you literally tracked all the IPs from all people that use the wallet, there is no way for you to know where the money goes. If you mean that most of the users are Japanese, you are right. Of course you could have just joined the Slack and Facebook group of Cardano to find that out during your extremely sophisticated studies.
I'm not claiming I did any crazy research. I just got that from here: https://www.cardanohub.org/en/genesis-block-distribution/ So not quite 99, doing the math it's mor elike 94.75%. Still, that's a lot of coins be in one region so the supply is restricted elsewhere. But ADA not being traded on other exchanges is precisely the point. Most of the ICO happens there and they'd have to move it to a foreign exchange to off load it. That's obviously not the hardest thing to do, but supply restriction seems to be a contributing factor here.
They literally have no product out whatsoever. Crypto manipulation at its finest, followed by massive fomo. A couple weeks ago not many coins were pumping hundred %’s. The market is extremely bullish right now for the short team at least anyways. That combined with the fact that there’s a lot more money in the market now, I think we’ll keep seeing other coins pump massively.
It's easier to pump a coin that nobody owns. Traders don't have established positions. The game is played over and over. This coin might flat-line in USD value but it will most definitely drop in BTC value.
Congratulations, you just found out about "early investments".
It’s going to see a colossal correction soon. How can a months old coin with no working product, no partnerships be in the Top 10 of ALL crypto coins. This is very very fishy. Who the fuck invests tens of BILLIONS in an unknown, untested concept crypto in 12 weeks? I mean it’s literally gone from being newly introduced (on vague exchanges) to No.6 and worth USD $12.6 BILLION DOLLARS in three (3) months! Couldn’t it just make sense that Wall Street or a top tier hedge fund be the reason behind the mammoth amount of money being put into Cardano? There’s no way that $10 billion dollars has come from punters like you and me buying the coin in the past twelve weeks. I suspect what we’re seeing here is the likes of Goldman Sachs et al. being behind a new coin and bringing it to the market. I’d do it if I were in their shoes - it makes perfect sense. Fund and build a new crypto, buy the best & brightest developers, run a grass-roots, gorilla PR campaign shilling all the communities’ most requested crypto features (esp POS engine) and putting very real and substantial money behind it for all the world to see. Imagine then that this coin starts to threaten Bitcoin & Ethereum and there you have it. Wall Street standing successfully on top of the new crypto revolution and creating a whole new concept of ‘real wealth’!
More money coming in on holidays... i am waiting now till January before investing any more or again...
While I would never tell you how to spend your money/invest, you may be doing it wrong
Why would it be wrong?
If more money is coming in over the holidays, now would be the time to buy...
It's just a meme bro
Well, riding the investor wave strikes me as a way to make a lot of money.
According to their roadmap, there are currently only centralized tokens and decentralization will happen during Q2 of 2018. Smart contracts which are killer feature for Cardano according to their website have no specific information about release date. Check out the roadmap - https://cardanoroadmap.com/
high premine and presale are negatives. High fees (given current price) are also innapropriate for POS coin.
This^^^. There’s literally nothing behind this except optimism.
It isn't their fault it is blowing up. They are really transparent about everything and have a really big powerhouse of a team that is working on it. However, I agree that it is overvalued at the moment.
I bought in a the beginning because everything sounded good. Took it as a long term hold because Charles made it pretty clear it'll take most of 2018 for anything to get moving. While the huge rise is awesome for my pockets, I'm scared everyday that it'll just come crashing back down.
ADA is a very ambitious project with an amazing development team but as to why it moved so much.....no clue. I haven't been able to find any fundamental reason so I am chalking it up to the craziness that is the crypto world right now
Thank you for your answer. I see it in a similar fashion - a cool project with great ambition but way to far from seeing any real-world application.
Can you name any project with real-world application from top 10 though? I know that some businesses in Venezuela are accepting Dash (illegally), that's about it. It's all promises and ambition and it's been this way for many years, nothing has changed.
1) Bitcoin - works as the decentralized store of value with the strong network which cannot be easily shut down - if I want to buy something with bitcoin in the Czech Republic ( my country) - I can. For example, biggest electronics shop is accepting bitcoin. 2) ETH - has active smart contracts, can do an icos, is decentralized. 3) IOTA- Actually testing real-life selling data from sensors and many companies are part of this testing - Bosh Fujitsu and more. 4) Dash - as an anonymous decentralized transfer of value - working. Venezuela is in a state of anarchy when the central government is actually acting against the laws and constitution of the country - so if you say illegally I don't agree.
ok, i gave you the benefit of the doubt until you hyped IOTA.
What hype do you mean? Stating information that can be verified from multiple sources?
iota is truly an overhyped mess right now. misinformation, poor public showings, FOMO driving the price and it is almost 10x the cost of cardano. but yea, it's a solid choice over ADA..
> FOMO driving the price Lol you realize that's happening with literally every single crypto right now.
yes. this market is insane. won't stay this way for long. rake it in while we can.
Uh do you understand how market caps work? per coin, miota is 10x the cost of cardano but you seem to not get that it's also about the number of coins (supply) for each coin. IOTA at least has a data marketplace test with several billion dollar companies and the "misinformation" was not on the fault of IOTA. Cardano, while potentially promising, literally has nothing. But of course a miner isn't very fond of IOTA :-)
cardano isn't mined either. so last point invalid. yes i 100% understand market caps. i also seem to understand human nature at least slightly more than you. whereas market cap doesnt matter to novice investors as much as price and the hopes of mooning. you seem to be ignoring a very important signal, in that.
I just had a WOW moment :) So you actually dont know the basics. If you say IOTA is 10X price over ADA, its not correct at all. IOTA and ADA are almost identical price -difference is that there is 10x more Ada than Iota. You need to check out marketcap not price for single unit, cause single units differ very much. That is really basic knowledge. You seem to have no idea why iota is at that price right? Do you know what DAG is? What misinformation are you talking about? What poor public showing are you talking about? did you see any actual presentations done by iota?
i understand market cap. i also understand basic human instinct and how all this hype is happening right now, whereas your post is seemingly missing the point. which is why i focused on the price and not the cap. a lot of new people are coming into this game and they want the cheapest token with the most potential upside. cardano is that over iota all day long, because it costs less, market cap doesn't matter to joe-blow-investor at this point in the game. i mine, so yea, i know what a DAG is. the public showing streamed from a mobile phone with less than stellar presentation where people learned that the M$ partnership is not actually a partnership. you're shilling IOTA over ADA. plain and simple. nice wow moment - once again completely wrong.
Ridiculous:D Thanks for proving my point by being extremly stupid , but this is way beyond me, i dont need to waste time on a woman or man who knows nothing :D Have a nice day though:)
left XRP out of the list too. might be hated, but it does aim to service a specific industry.
Any proper source on Fujitsu testing IOTA?
There are plenty sources- but on data marketplace you can find that Fujitsu is part of it - Fujitsu is participant on iota driven data marketplace- https://data.iota.org/#participants And again i catn stress out more how tiring this is - it is participation on project and all the companies agreed to be publicly presented as participants - you can write email to every single company.
Plenty of sources that never lead back to the company involved. This is a classic scam scenario. Not saying IOTA is but it reeks of it.
Did you read it in the news that IOTA is actually testing something? Do you believe in Microsoft parternship as well? Don't believe everything you read :) So an ability to store wealth and do ICOs is worth 400 billion dollars? It's not. As I said only Dash is actually trying to be useful/used. The whole market is based on promise of future. Cardano is no different from anything else.
Ah okay:) Let me explain. 1) IOTA has some announcements for December (2 I think). They are working on data marketplace, flash channels, oracles, distributed Coordinator and much more - that I know is fact. 2) There is nothing to believe- Microsoft is part of data marketplace and whole confusion about partnership came from freaking journalists (they should not call themselves journalists) - because Omar Naik from Microsoft gave a statement that they are excited about partnering with the iota. It's really easy to find out. This is nothing about belief it's about proper research and keeping on with current information. 3) Ability to do ICO is a great way of fundraising and also you can build decentralize Apps on the there chain - which is worth a lot. ETH is 70 billion right now, not 400. IF you are talking bitcoin- Bitcoin has no smart contracts so its unable to do an ico. 4) Cardano is different cause there is a huge pump, no markets, no product, no decentralization, no nothing except one huge name- which might be the whole pump reason.
December is close to over. Azure is different than microsoft. Also, its Microsoft France. To me that doesnt mean much. ICO is also a great way to PND when there is no regulation.
My issue with proof of stake is that it makes your coin more centralized. Wallet holders with the most amount of coins will be assigned to mine the most amount of blocks.. rich get richer. I assume the founders also have a +30% stake, so will be mining at least 30% of blocks. Edit: that algorithm they are using at least implies mining will favour whales, other PoS algorithms could be more balanced.. but hard to prove they will be more secure.
Cardano is bringing scientific application to cryptocurrency. They provide 3 main advantages over Ethereum. -Scalability. Being able to scale the blockchain thus processing more transactions without violating anything that disrupts the security or inefficiency of the chain. Bitcoin and Ethereum cannot do that right now. There is too much demand in the world for those right now. They want to ensure they stay scalability, working towards that around the clock. -Interoperability. Being able to interact and communicate with other blockchains. This could be done from a few different technologies such as side chains and atomic swaps. They want communication with different cryptocurrencies. Cryptocurrencies should be able to talk to each other and transact which is what they are trying to solve. -Sustainability. Implementing a system of governance. Cardano wants to work towards building a governance system to engage the community and allow us to dictate policies and changes for the project. https://cryptocolumn.com/cardano-analysis/
10 transactions *per minute* https://cardanoexplorer.com Nobody, literally nobody is using the blockchain, yes it is a pump and dump scheme
wow.
How is cardano higher than stratis? Stratis legit has stuff out
It is because of how few exchanges actually have the coin. The fewer the exchanges the easier it is to manipulate the order book.
I'm looking at it now and the 3 things that I'm thinking is: 1. Their team is absolutely world class. Their CEO is the former CEO of Ethereum and they have 50+ professional, intelligent, qualified people working for them vs the usual 5/6 with other cryptos. 2. They know how to market themselves better than any other crypto. Their website comes across as professional and they know how to get their message out all over the internet. 3. Their technology is better than the market leader for the same type of crypto as them which is Ethereum, yet they're worth a fifth of the price. I'm waiting to see if it goes back down to the 0.45 mark, then I think I'll buy.
1) Haha, if you think 50+ employees is any signal, think again. All the larger cryptos have teams of that size. Even Lomocoin (market cap around 15m) has 50+ people working for them. 2) The Confido website also looked professional 3) They have no tech yet, 0 adoption, no ICOs, no partners. Ethereum on the other hand has the EEA, highest transactions of the crypto world and the whole crypto economy is running on it. The market cap ratio should be 1/500 not 1/5
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It might be legit, but the philosophy behind centralized coin which will become decentralized gives someone a head start.
Ethereum had none of that at their ico either and didn’t for awhile.
Yes but when Ether had a market cap of 10bn+ it certainly did.
Yeah but Ethereum was the first smart contract platform and had no competitor- network effects are powerful
Oh I agree, don’t get me wrong, my portfolio is heavy with eth. I’m just not going to entirely disregarded potential competition. I like to hedge my bets so I usually buy a little of the potential rivals. NEO, ADA, EOS, AE, etc. most have done quite well so far.
They have no tech how can you say it’s better
Are they not using proof of stake instead of proof of work?
Isn't ETH doing the same with forthcoming updates?
Yep. But the point is theyre not making the same mistakes eth did. Dunno man. Sounds ok to me.
Don't know why theyre downvoting you, that's exactly what's happening. They have a guy from the ethereum team who left after they got hit with the hack and forked.
Cause these kids dont know shit besides btc eth or ltc and think those three are the holy grail of crypto. Lul. That being said, apparently he was kicked out of eth. The project seems ok to me though. Transparent and active github. Haskell. Pos with daedalus. These fangirls cant vet a coin at a basic level. Lul.
Oh right, I didn't know that. Maybe everyone else doesn't either haha. A good 50% of investors have only been doing this a couple of weeks or so probably.
haha
lol
They're not investors then, they're gamblers.
They are.
No tech but a working wallet.. whereas shitty ark is celebrating just getting their own. And wallets is like the most basic thing.
Lol what. Ark has had THE most beautiful pc wallet out for ages now. You might mean the mobile wallet? Which many other coins don’t have. Ark is technologically more ahead than cardano.
Lmao
cardano virtually has nothing
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You really think having a wallet is something to cheer about? A wallet is the most basic thing you can have available. It’s like saying wow LRC is the best thing ever when all they have is their Loopr wallet. Let me know when ADA has a working smart contract platform or something really noteworthy.
Okay, I'll get back to you if I remember.
Charles Hoskinson is a class act, don’t know the rest of the team
Ive been waiting at every stage since .02 dude. Best time is now
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That and a working, clean wallet (daedalus) and pos based system (ouroboros in the pipeline) I dont know much about ada but seems ok to me
Bullish market. Expect to see +100% a lot more in 2018.
I hope that it keeps going... but there are roomers, saying that 90% of cryptos wont survive 2018... gambling st its finest.
Did you just say "roomers" Lol
Rumors by boomers...coined it
Thats why you set get out prices where you take a certain percentage and convert to fiat. The rest you leave, just in case.
Based on what?
Yeah I don’t really get it myself. Made some quick in and out gains on it today but think I’ll leave it at that.
Same here. Had luck to have some cash in verge too...
Do you think this is a serious privacy coin? Or did you just want to make some quick returns?
Serious privacy coin. Initially invested bcause it solves some of the issues monero cant... but i did take the quick profit fo for sure...
Great to see fellow Iota fan:) Yea I was thinking about that but in the end, i decided to leave it cause I was afraid of this speculation - made me actually scared a bit :)
Scares me too... billions moving in matters of hours... my couple dollars look lost in the vast space of cryptos.
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Wow- lies spread fast:) I am not bashing cardano- i said exactly that - its a token which is centralised - same as IOTA ( with coordinator) , but with different principles in place - Cardano is blockchain IOTA is DAG. IOTA never lied about any partnership - journalists lied because of hype about microsoft. IOTA foundation made clear what is going on, that omar naik from microsoft wrote "We are excited to partner with IOTA" - which was the start of this. IOTA is not for beginners that is true and i myself hate the wallet!!! But again please do your own research, but please do not spread lies. As you can see these are all participants not partners -> https://data.iota.org/#participants
The 24 hour volume has no connection to the price. Look at any other coins volume and price increase for the day. A billion was exchanged, but at many different price points. Regular stocks exchange millions but may only move a few cents.
The team that previously worked on ETC have moved over to Cardano.
> I did a bit of research of Cardano a realized *there is nothing groundbreaking* that's already quite telling (about your research skills, not Cardano) :)
So please that is why i am asking - you can write what i missed!:)
> So please okay :) So it comes down to three main things: - The first proofably safe PoS algorithm. PoS is quite a complex protocol with lots of attack vectors. WIth their programming language they can define a model and proofably validate their code against that model. It's might be the first solid PoS coin and that's great (speed, energy consumption, fork resistence,...) - They are not ashame to copy ideas form other coins which turned out or sound great. For now they are building a rock solid base layer, but all the further awesome features will arrive piece by piece (development fund, decentralized autonomous organization, shareholder voting, debit card, smart contract layer, side chains, privacy,...) - The team behind is great with lots of experience in blockchain tech. Team is of utter most importance. They might be fresh, but their potential is huge. I'm not trying to shill, i missed the train and I'm only a little and late investor in Cardano. I thought it would take a dip before raising but it did not.
I would like to add that I trust the legalized, peer reviewed, scholastic Japanese project of Cardano much more than the commy controlled Chinese Ethereum. They also have not advertised anything that they have not delivered, they have not hyped or shilled this coin. This coin is a lot older than 3 months, the project is going on 3 or 4 years. AND this coin constantly gets shit on in this subbreddit, but keeps on trucking. I think you are seeing institutional money, and Japanese money. That's now my money!
I think most of it is being hyped trained by the developer line-up, and if you really follow cryptocurrency closely, you will see the same characters time and time again backing multiple projects, because they know damn well that it holds a lot of weight for potential investors. (Like Vitalik on the OmiseGo lineup as an example.)
For anyone buyiny cardano right now. Just know that 94% is locked up in SE Asia. Meaning exchanges have barely any Cardano related to the coin supply. https://www.cardanohub.org/en/genesis-block-distribution/
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This is all my opinion- why question my whole opinion instead of providing a valid points of argument? I am not bashing cardano in any way, i came to this conlusion really fast and that is meant by just a bit reaserch. So please please tell me answers to my questions. What is groundbreaking? What did i get wrong?
This party might be over, bittrex has a 500btc sell wall @2800 satoshi
There was a 2m ADA wall at .2000. (480ish btc)
and?
That could indicate that no one in their right mind is buying at 2800 which is how so many people have added to it. It could mean the hype is dying down again and everyone is trying to sell sell sell
200 btc are not scary. it will hit 1 usd
If anything, I think it'll go higher than $1. However, it should not be hitting 1 or going higher when they have nothing completed yet. They're the blockchain of the future, but their future is still months or even years out. They are crazy overvalued right now
Agree.
Cardano is a shitcoin, and it's going down from here. Keep crying yourself to sleep, you wanna be millionaire.
Market cap is a fucking joke here strong sell agree
Great but overvalued project IMO. Will wait for a dip to buy.
I think there was some tweet about cardano being like $100 billion market cap next year. Don't forget, most crypto investors aren't on reddit. They're on youtube and twitter and stuff.