You are viewing a single comment's thread from:

RE: Why Cardano $ADA most likely will never be worth $100

in #cryptocurrency7 years ago (edited)

One of the things people are overlooking with discussion on ADA vs ETH or BTC & its potential is they are concentrated on the total number of coins vs the total "pieces" of value of these products.

So for a direct comparison while its easy to look at the numbers & it appears that there are ~1,500x more Cardano than BTC, the reality for those who dig a lil deeper is BTC has 8 decimal points of value while Cardano only has 6 decimal points of value. So that means there are only ~15x more ADA. Same with ETH. Looks like there are ~260x more Cardano to ETH, but there are really ~2.6x.

So you can debate the worthwhileness of Cardano as an investment vs these other coins & other coins not mentioned IF Cardano really can become the 3rd generation cryptocurrency that its being hyped as. But if BTC is a $100k to $1M+ per coin at some point I believe the long term upside on Cardano could be very nice & in the thousands let alone $100 per coin.

That said there is obviously so much speculation & a long ways to go in this space who knows what goes where or what'll come next, but personally Cardano is one I'm invested in & have hyped it to non-crypto guys who just want the potential next big thing they can throw some money in today & look back at in a year or 5. Cardano will have to perform, but regardless of how big it gets I believe its one of the safest, less volatile bets out there right now.

Sort:  

@Mikeymanifesto - I'm starting to wonder if the high circulating supply of Cardano was in fact, strategic thinking on the company's part? Charles has already been saying that he's starting to tour all over the developing world to educate the nearly 2 Billion people without bank accounts and ID's of the value cryptocurrency provides. Now, the question is what will happen once all of these people start entering the space? If there was a low circulating supply, it would be to expensive for 3rd world countries to get a piece of the pie. The current fee's involved in Bitcoin surpasses a whole monthly wage for people with little income which no one seems to be taking into consideration. Maybe this has something to do with it?

It's a beautiful post. But I can not agree with the market cap staff. You can find tons of resources regarding a bug bs on market cap indication.

We all know that there are hundreds if not thousands of bitcoins are missing somehow not accessible by their owners due to old laptop dumped in to the bin or lost keys.

So circulating quantity of any coins at the moment unknown due to these basic reasons.

If eople willing to pay 5 dollars or 500 dollars today it would take even onky a day or two to reach to these numbers. I saw that happened at Ripple xrp with my own eyes that it took only a day or 2 to reach 4.50 aud from 1.20 aud with all rumors were going to be added onto coin base.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.029
BTC 66703.61
ETH 3518.80
USDT 1.00
SBD 2.68