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Hey Focis 321
How's it going mate?
Cardano will see %5 by year end and most likely a helluva lot more. Shock supply will come when liquidity is required for all the smart contract projects. 72% are already staked which leaves very little for liquidity. The only way to get them will be to push the price up higher and entice the sellers out. $$$
Hey JT
Good to see you're still here and holding. Things looking better now.
I suspect we might see one helluva run up to the end of the year. Certainly hope so anyway.
Yeah, all the big hitters have their positions now and still acquiring too. Looks great for us. It's still early lol
Sinking ship? haha. Hey, we quite possibly are only taking a deep breath before resuming.
I;m still optimistic but obviously very aware we could be headed in to a deep crypto winter.
I see it going like this. BTC by the end of this month makes a run up towards $40k or it breaks down further from here and we confirm the bear market.
I just don't think this is over yet.
The Rothschilds have been buying. I think it's been manipulation to say the least.
JT
Greyscale is only getting started I think. Those figures will rise over the coming months imo.
Heads up for a ground floor play. Meld have started a ISPO from now till the 8th of December. They will essentially be the first crypto bank on Cardano providing loans etc. I'm staking my ADA and will get 2.08 Meld for every ADA staked with them. It's more or less a free shot at a new revolutionary play what could blow up and do 100 x. I had wanted to go with sundaeswap but they delayed their ISPO.
Meld only started on 1st of July so it's early doors. Well worth getting in on it. https://medium.com/meld-labs
JT
Been away for the last two weeks. Well earned time out.
Yeah, big correction and now looking like we are at a crossroads. My timeline still points to September /October and if we don't start moving up by then I thinks it's safe to say we are in a crypto winter till 2024.
I Think the market will push on from here though. To many instis snapping up all the retail investors weak hands.
Smart contracts for Cardano will be here soon so that will ensure we keep going in the right direction even if the market drops.
Still holding my 50k Ada and I have acquired 27k Algo @ 96c
Every time I come here to post the board is down for some kind of maintenance.
OK, well. Not much to report of late other than I still have my 50k ADA. Should have sold the lot the other week but that's hindsight. Not to bothered as I really want my sundae tokens from the staking of the ADA and that starts on June 1st.
I sank another £20k back in and this time I got back in to Algo at 96c
How things go from here all depends if this market is now exhausted or paused fro breath. I do think there is more upside due to the fact that so many institutions are now involved and guys like Ray Dallio now claiming to own bitcoin. Also on the last dip a lot of instis bought cardano and it was the most bought coin in crypto outwith BTC.
Hope you're all still hanging in there...if not I hope you got some good profits.
Jt,
Yeah the fees for selling are terrible. £5k coinbase took for selling. I know £350k is a decent chunk but that was just daylight robbery.
With regards to sundeswap I was thinking if you can mage to get between 5 and 10k of they're tokens which would be about 3 months staking rewards if it does what some other platforms have done you could easily make a killing for almost no investment other than the free staking rewards.
Might be a good idea if we keep our ears to the ground regarding sundaeswap and if it all appears above board start staking on the 25th of May. I want 10k of they tokens and see how it goes.
Hey JT,
yeah, great Idea, you should defo do it. I do it with my existing business. Have the missus (Not married) as a Director (Not shareholder) for obvious reasons. When I do the property LTD co it will be a new co with the same structure and I will be winding my existing business down and going self employed. In reality nothing will change in terms of the business, just the structure.
Sundaeswap isn't an ICO....it's an ISO. You don't pay for coins up front. You stake your ada and instead of getting ada rewards you get sundaeswap tokens at a price of $0.08c So at todays price of ADA you would get roughly 25 SS per ada.
I might take the gamble of doing this as all you can lose is staking rewards but you have the choice to cancel at anytime and lose nothing in reality. If you can get 10k SS between now and smart contracs listing it could maybe do 25x or more. Look what pancakeswap ans sushi have done. Crazy market lol
https://sundaeswap-finance.medium.com/iso-sundae-with-the-works-c5c335101ef5
Worth a look to see what you think. if this is legit it's got legs and could be a great DEX to be in on the ground floor.
Jt,
Yeah, BTC looking like dropping in to the 30k's now for sure. As you said, it's a temp correction and I still believe $100k BTC this year by September.
The funds I bagged today are going in a pot towards property , I'm in the process of selling 3 properties atm with the aim of getting them out of my name and then buying new properties and putting them into a limited company. Transferring them over is too expensive as they need to be independently valued, then bought at market value, stamp duty etc The idea is, once I've cashed everything in (stocks & Crypto), is to loan the company the proceeds of my returns to purchase the properties. I can then charge a small amount of interest on the total amount of the loan and also take a salary as the director of the company. Just a small salary that when coupled with the repayment on interest the company isn't really making much but enough to pay me back and cover the salary thus tax isn't an issue. Then in say 10 years, sell it all off, repay myself the outstanding loans and see what I'm left with. That's the plan anyway, see how it goes.
As far as trading the rest of this year though. I'm looking to get in on sundaeswap which is launching on the cardano blockchain. I'm not 100% sure how legit they are right now but as they only require you to stake you ada in order to get SS tokens there is no risk other than losing your staking rewards. Not the end of the world as you can pull out if they don't pay you when they are meant to. I will also be looking at trying to get some Liqwid fiance tokens when they launch too. I think they are the same in terms of staking your coins to get the tokens but there may be more risk attached but not sure atm.
I dare say there will be many other opps popping up too as we get closer to smart contracts.
Getting those profits out at $2.40c not looking like a bad decision today. I feel better for doing so but now cursing not taking the lot to catch the dip and then the mother of all trades lol
Never works out like that tho. All in all you can't complain making profits. Cashing out todays trade made me my first million and some change. Here's hoping that 50k can turn in to a good top up later in the year.
JT
I decided to take your advice. I took 213k ADA off the table and left 50k ada to run.
After fees from which coinbase ripped me off I manged to bank £350k. The took over £5k for selling that amount but I guess it's price you pay for the safety of ensuring you get your money out and into cash safely and securely.
I feel a bit dirty for selling as I really believe we will see $10 but holding that amount through umpteen more peaks and troughs would put you in a early grave lol.
Lets hope my last 50k ada will see that $10
Nobody knows yet. He's looking at various alt coins. Cardano would be an obvious choose but as of now, nothing has been announced.
That last message sent before I was finished lol
Was going to add that when smart contracts are running there will be some great opportunity to get in on the ground floor of some great new Dapps so don't worry about your average being a little higher. You can take some profits and stick them in on the ground floor of the next big thing. Maybe see a 20 to 30 bagger, it's very possible on the launch of the cardano smart contracts.
JT,
Yeah, the targets we set have to be moved a long but like you say, it's wise to take profits too. I've not sold any but will hold off for now because if you want the big gains you need to have big balls lol. I'm fortunate enough to be in a decent position financially so although I'm sitting on a great return I'm willing to push the boundaries here a bit further..
I'm taking the make it or break it attitude and it the markets went in to the bear cycle I'd hold till the next bull run for a bigger gain.
Great feeling guys. Hats off to all who are still here and holding.
My staking rewards and now $430 every 5 days $2150 per month.
Where can you gain interest like that outside the crypto world. Banks offer 1% lol
Jt, yes, all good points and I agree. One thing tho. I now can see a path to $10 this year due to the requirement for liquidity once smart contracts go live. Take a look at the 6 month chart of Binance coin. They launched smart contract at the end of 2020 and had the same shock to supply. They never had 70% staked though. I think that will mean a huge rerate for cardano.
Over 70% of all ADA is now held and staked by savvy investors. This leaves approx 30% for the onboarding of 25 countries over the next 18 months.
WAIT!!!!! What about the 100's of companies that are ready to launch on the cardano blockchain when smart contracts go live July/August?
This means there is going to be a shock to the price of cardano because all these projects needs liquidity, The DEX;s need liquidity, the swaps, need liquidity and the 100's of other projects all need liquidity.
This is a major factor not being discussed right now . Look what happened a couple of months ago when Binanace launched smart contracts...they done a 10x.
Cardano could be do the same.
Food for thought guys.
Mass adoption by the end of next year. We expect to add an additional 5 countries by the end of this year and then a further 20 countries next year. This is phenomenal progress and having only just posted that I will take a bit off the table at $2.50 I'm now thinking that might be crazy talk.
https://www.cnbcafrica.com/2021/how-blockchain-technology-can-help-improve-quality-of-life-in-africa/
Cardano showing a huge amount of strength and blowing up against Bitcoin and the rest of the market.
Looking great and now we are looking to take the $2 level out!! It's crazy having bought a good load of these at pennies to now see it at $2. I think on average price I've now done of 16 x my initial stake. I thought a 10 bagger in 2010 during the financial crash was amazing but this tops them all.
I will be taking 100k of the table at $2.50 and allowing the rest to run till year end. That will be subject to change should something special rear it's head.