Cardano [ADA] Head Focuses on Product – Isn’t Concerned with the Price of ADA

Cardano [ADA] – Cardano’s co-founder, Charles Hoskinson, has been a long-criticizer of crypto day-traders and those concerned over the daily price of coins.

The ignorance and stupidity of day traders never ceases to amaze me. I do not and legally cannot influence price. It’s not within my power. Stop looking to me as a get rich quick solution. I’m here to build Cardano and we are provably doing that every single day

— Charles Hoskinson (@IOHK_Charles) March 9, 2018

Hoskinson followed his statement by saying:

The markets went from 250 dollar bitcoin to 20,000 dollar bitcoin in a year without much change in fundamentals. Add that these are thin markets, mostly unregulated, subject to black swan events and filled with retail money. = massive volatility and high risk. What’s not clear?

— Charles Hoskinson (@IOHK_Charles) March 9, 2018

Many new investors flooded the cryptocurrency space towards the end of last year, purely based on “FOMO” and because they heard the random stories of individuals making enough money to buy Lamborghinis. A large number of these investors were new to investing and hadn’t done any research or due diligence on the projects/coins they were investing in. It quickly became the gamble of which one will shoot up 1,000%, as most of them were doing Q3 and Q4 of 2017.

When the market started dropping, many of these same investors began to panic as they had never seen the crypto market in the red before and had zero experience in general market movement. These investors also had no clear understanding of the technology behind cryptocurrency and its longevity for the future.  Thus causing the market to crash $500 billion in just 30 days time.

Now, it seems investors are entering the market doing their research and believing in the projects of the coins they are investing in and also the team’s ability to execute the vision.

>> Did Tether (USDT) Manipulate the Price of Bitcoin (BTC)?

Market Manipulation

Yesterday, a new study by two professors at the Universite of Texas – Austin surfaced and displayed an argument stating that Bittrex and Tether (USDT) more than likely manipulated and influenced the price of digital currencies during the latter half of last year.

Hoskinson responded to the paper, that has now been downloaded 11,671 times, by saying:

This is a really interesting read and a significant result. If it’s true, then it’s one of the most dangerous discoveries: everyone is talking about price manipulation

— Charles Hoskinson (@IOHK_Charles) June 13, 2018

A Twitter user by the name of @Ripoff_TA responded to Hoskinson’s original post by saying, “What do, Charles?”

The Cardano co-founder then responded:

We build real value. It takes time and effort, but it sustains

— Charles Hoskinson (@IOHK_Charles) June 13, 2018

Despite probable digital asset price manipulation, the goal remains. Real value takes time to build as Hoskinson said, and the current price of ADA nowhere reflects the true value of what Cardano will be able to do in the future.

There is plenty of educational material out there nowadays that isn’t too technical and is much easier to understand. Learn the foundational aspects of blockchain technology and how it can revolutionize our world. Be content with the projects you’ve decided on, stop checking your cryptocurrency portfolio every single day, and “HODL.”

Disclaimer: I currently “HODL” a small amount of ADA.

Featured Image: UnSplash

Wall Street Insider Reveals His Secret To Blockchain Investing

How Much Do You Know About Cryptocurrency

New Crypto Millionaires Are Created Everyday!

2018 Is The Year Crypto Currency Millionaires Are Made

  • coach outlet online

    I as well as my pals appeared to be reading the nice advice located on your web site while unexpectedly I got a terrible suspicion I had not expressed respect to the site owner for those secrets. All the ladies were as a result joyful to study them and now have very much been tapping into them. Thank you for genuinely really thoughtful as well as for pick out this form of marvelous ideas millions of individuals are really wanting to understand about. My sincere regret for not expressing gratitude to earlier.

  • balenciaga

    My spouse and i felt quite comfortable John could finish up his research using the ideas he gained out of your web site. It is now and again perplexing to simply always be giving away strategies that many other folks could have been making money from. And we realize we have you to appreciate for that. The entire explanations you have made, the easy blog navigation, the relationships you can make it easier to promote - it is everything remarkable, and it's leading our son in addition to our family believe that this theme is entertaining, and that is rather serious. Thanks for all the pieces!

  • cheap nba jerseys

    Thank you so much for providing individuals with such a special possiblity to read critical reviews from this blog. It's always very pleasurable and full of amusement for me and my office peers to search your site minimum thrice a week to study the newest guidance you have got. And of course, I'm just always amazed for the attractive pointers you serve. Some 3 tips in this posting are unquestionably the most suitable we've ever had.

  • kyrie irving shoes

    Needed to create you one little bit of note to be able to thank you again for your personal amazing concepts you've contributed above. It's tremendously generous of you to supply extensively what exactly many people could have made available as an e-book to generate some profit for their own end, precisely given that you might well have tried it in case you desired. The good tips likewise acted as a good way to fully grasp other people online have a similar dreams just as mine to grasp good deal more concerning this problem. I am sure there are thousands of more pleasurable periods in the future for those who see your blog.

  • yeezy boost 500

    I wish to get across my gratitude for your generosity for folks who really want assistance with this particular matter. Your personal commitment to getting the message all around had been exceedingly good and have surely allowed men and women like me to attain their aims. Your amazing warm and helpful recommendations means a lot to me and even further to my peers. With thanks; from all of us.

  • fitflop sale

    I needed to send you the little bit of observation to help say thanks over again for all the pleasant pointers you have documented here. It's simply unbelievably generous with you giving freely all a lot of people could have supplied for an e book to earn some bucks for themselves, chiefly given that you might have tried it if you ever wanted. Those strategies in addition served to be the great way to be sure that other people have similar interest just as my personal own to grasp more concerning this matter. I'm certain there are a lot more fun moments in the future for folks who read your site.

  • nike huarache

    A lot of thanks for all your hard work on this blog. Kim take interest in managing research and it is obvious why. All of us learn all of the compelling mode you convey helpful strategies by means of your web site and as well as encourage response from some other people on this area of interest while our favorite daughter has always been becoming educated a whole lot. Enjoy the remaining portion of the new year. You are carrying out a first class job.

  • fitflop sale

    My husband and i were so joyous Jordan managed to conclude his web research by way of the ideas he acquired through the web page. It is now and again perplexing just to be freely giving secrets and techniques that many many people may have been trying to sell. We fully understand we need the website owner to give thanks to because of that. These illustrations you have made, the simple web site navigation, the relationships you can make it possible to create - it is mostly exceptional, and it's really helping our son in addition to the family do think this situation is pleasurable, which is certainly rather serious. Many thanks for all the pieces!

  • golden goose sneakers

    Thanks so much for providing individuals with such a superb opportunity to read critical reviews from here. It's always very terrific and stuffed with amusement for me personally and my office peers to visit your blog really thrice in 7 days to read through the fresh items you have. And lastly, I'm certainly amazed with the exceptional things you serve. Some 1 areas in this article are particularly the most impressive I've had.

Post a Comment
Your email address will not be published. Required fields are marked*