Ada goes up

I'm leveraged long on ADA 10X

Bình luận:

I base my long term crypto analysis on many criteria. (patterns are self fulfilling prophecy of traders and we should abolish it)
1. Quality of the distributive system (quality of the incentives and programs behind the currency)
2. Market cap
3. Supply
4. Total crypto market
5. Popular vote

Cardano wins 1, 2, 3, and 4 so far. 5 will be soon.
1 because their software is superior to anything on the market.
2 because Market cap is high enough for it to stick (over $17B)
3 they have a very different system for awarding the contributors (handling the pools)
4 total crypto market is now growing faster than ever due to excess supply of fiat currency and more people investing through platforms.
5 is not yet here because people don't understand how valuable this system is. Which makes it cheaper for you to buy before the price skyrockets

I have no doubt that it will reach $2 this year, and I am pretty convinced that it could get to $4. I don't see this currency failing in near future, moreover I see this as one of few currencies that will win in the actual market and that could become usable for direct payments.

Đóng lệnh: đạt mục tiêu:

I'm conservative so I closed my 10x position and reinvested the profit into just buying the cardano 1x.

However, I do believe that ADA will go up more even today, and I am certainly holding on to it long term.

Bình luận:

My sell stop was at 0.8250 when I went to sleep lol

Giao dịch đang hoạt động:

I have reopened 1/3 of mx 10X position at 0.8100, and I will stick with it.

Đóng lệnh: đạt mục tiêu:

This is the point to cash out any leveraged position and just buy the real coin.

I can predict the future quite well, but not well enough to stay leveraged. Depositing funds in case of sudden drops reduces my liquidity while the price recovers.