I know ADA has been frustrating lately but this is the time when fundamentals take hold. I've been mentioning in previous charts that a DIP is possible and if it happens it likely won't last long and I still believe that. This dip will not last long and it should be followed by a lot of pumping.
ADA bulls should be taking control here soon enough based off of fundamentals and current price value.
I look at this as a "ON SALE 50% OFF"
This is a long term trade/investment idea. If your goal is also a long term investment you also must believe in the future of ADA. I think a LOT of people would agree that ADA is very undervalued right now.
Staking your ADA on exchanges allows you to basically participate in its Proof-of-stake protocol and earn interest/bonus/rewards through staking your ADA. Its something I recommend researching or looking into.
Don't forget your investment also requires TIME...
This is just my personal opinion.
ADA bulls should be taking control here soon enough based off of fundamentals and current price value.
I look at this as a "ON SALE 50% OFF"
This is a long term trade/investment idea. If your goal is also a long term investment you also must believe in the future of ADA. I think a LOT of people would agree that ADA is very undervalued right now.
Staking your ADA on exchanges allows you to basically participate in its Proof-of-stake protocol and earn interest/bonus/rewards through staking your ADA. Its something I recommend researching or looking into.
Don't forget your investment also requires TIME...
This is just my personal opinion.
"You should never stake your ADA in Exchanges. You should stake them in your own Wallet (Yoroi, Ccwallet, Nami Wallet, ...)"
This is very true, as exchanges HAVE BEEN hacked before. Some are more likely than others but the fact is since you're staking, there's really no need to keep your crypto on the exchange. It is just an unnecessary risk to take.
Thanks again @Don91 for providing that useful information.