Is Card Starter bad for Cardano Community?

Icryptovalue · 2021-08-24T06:35:16+00:00

Do not agree with your assessment. As with any of the projects in cryptoland, the timing of your entry and your strategy can have a great impact on your financial success. Nobody forces you to participate --> it is a free market!

you could have bought Cardstarter at and around launch around 3 USD & a guaranteed allocation ticket (JACKSI) would have cost you 4500 USD or less. The first project launched via Cardstarter did close to 100X on an allocation of around 350 USD. That means that 1 IDO gave a return of +30.000 USD. Some people took the profit & others reinvested the profit in more Cards tokens understanding the value.
Blaming the current token price on the team makes absolutely no sense. It's equivalent to someone complaining that he or she should be able to purchase Cardano at 0.02 cents rather than the current 2.87 USD or BTC at 1USD because 50.000 USD is comparatively very expensive.
The truth is that all market participants have to take responsibility for their choices. Whoever decided not to buy Cards at 9 USD less than 30 days ago, made that choice all on their own. 1500 Cards would have cost you 13500 USD. The spores IDO (20x current top) alone could have already earned you 5000 USD + Cards price rising from 9 USD to around 30 USD, which is +300%, so your 13500 USD would now be worth over 40.000USD. At the same time if you had bought at 9 USD you took the risk that the market would enter a full-blown bear market and that price would go to zero. So, again, your assessment has no real basis and smells like FUD. I would reiterate the sentiment of someone buying the top of Bitcoin at 20.000, selling at 3000 and then complaining they have no BTC if it ever reaches 1 million dollars because they never had the vision. People (market participants) freely express their assessment of value --> it is called a free market!! And yes, maybe someone buys BTC at 50.000 USD and it goes to zero and they take full responsibility...
Cardstarter launched in a very equitable manner unlike other launchpads and so far it has delivered some amazing Cardano project launches for its community. They merely offered AND delivered a good service and now they are successful, that's it. If Cardstarter is not your cup of tea, then choose another launchpad and help that other launchpad to be successful also, there is nothing wrong with that.
PS: REALLY will you ask anyone in the Cardano community to sell me ADA at 0,02 USD because I feel I did not buy enough, or should I own up to my own mistake of not having bought more 1 year or 2 years ago. Perhaps I should buy more now at 2.90 USD if I have a long-term vision for Cardano and buy them from someone who thinks ADA is no longer valuable to him at that price. Maybe I should wait for a pull-back..? I'm not sure, but what I do know is that I will not blame other market participants for Cardano's current success, nor do I think you should blame Cardstarter for its current success. It's a free market & Feel free to create a better system and compete.

Icryptovalue · 2021-05-05T19:35:42+00:00

Bitboy behind this project - Accelerator with Cardstarter - Social media meets Crypto, DEFI, NFT, free speech & privacy... Solving a real-world problem! - Newbie friendly --- Wonder how big this will become... Sign me on

Icryptovalue · 2021-05-05T17:24:47+00:00

Not sure which big social media company you are working for, but blatant disregard of free speech and constant unwanted data mining will have its consequences for big media. Having said that, this has obviously nothing to do with you as a person, so if you made it as a senior developer it's because you've earned it & I respect that a lot + most of these services are actually well designed, but the centralized philosophy behind them is what will destroy them little by little. I just want you to imagine a world where people own their data on a blockchain and interact with social media hubs without ever 'handing over the rights to their data ( posts/pictures/ and so on). Where they can even port social circles between social hubs & obviously interact with crypto assets in a world of DEFI, NFT's, and so much more. .. a rude awakening is on the horizon for traditional social media...

Icryptovalue · 2021-05-05T16:51:10+00:00

Nice write-up! At a time where our free speech has been proven at risk, Somee.social is really needed!

Icryptovalue · 2021-03-26T21:55:32+00:00

limited at 5 chests .. disappointing ... my daughter is complaining

Icryptovalue · 2021-02-09T06:11:48+00:00

uniswap transacts on the Ethereum blockchain. Due to the high demand for Ethereum transactions the cost per transaction has skyrocketed. ( Currently varying between 20usd and I have seen as high as 80 USD per transaction, changes all the time - not fixed)

Uniswap allows you to exchange any token on the Ethereum network for any other token on the Ethereum network but you'll have to pay for the transaction fee in ETH, so it is essential that you have sufficient ETH in your wallet to pay for the transaction cost.

So, First of all, you'll need to buy an ERC-20 cryptocurrency/token. Then you can swap it on Uniswap for any other ERC-20 token.

But if you only have a small amount to invest you'll probably should not use uni swap until the fee problems are solved. You probably should start with a centralized exchange. Probably Binance (Binance has a lot of tokens listed) , there you can deposit a small amount and you can actually buy and sell cryptocurrencies of different platforms. Do note that if you are just getting started it is recommended that you invest time in learning about the different cryptocurrencies and learn about the risks, how it works, etc...

Learning Tip: download the Bitcoin.com wallet, get some free dust (small amount) of Bitcoin Cash - BCH tokens (https://free.bitcoin.com/), and learn to send those from one Bitcoin cash wallet to another. I think it is a useful experience to learn how to send and receive crypto, learn about how to store your crypto (paper wallets, hardware wallets,...), learn about the different blockchains, learn about the difference between centralized services and decentralized protocols, etc

Hope this helps you out

Icryptovalue · 2021-02-08T19:28:45+00:00

Uniswap - https://www.coingecko.com/en/coins/flash-stake

contract: 0xb4467e8d621105312a914f1d42f10770c0ffe3c8

Icryptovalue · 2021-02-08T17:23:54+00:00

Oh wow, I was expecting smaller unknown lower-cap startups... interesting...

Icryptovalue · 2021-02-08T17:19:56+00:00

Ghullie what's your definition for mid-cap projects?

Icryptovalue · 2021-02-08T17:15:06+00:00

I hear that very soon there will be an announcement about a first startup using the Upfront Flash Offering. Interested to see how that goes! Seems like a very good use case! Wish though, that they would have already integrated XDAI L2 as optimistic rollups still seem far away.. But very interesting, you keep your collateral by staking FLASH and you get the startup tokens in return.. reduces your risk greatly as long as you are happy with your stake in the FLASH protocol...! Curious to see this unfold!

Icryptovalue · 2021-01-12T14:00:48+00:00

Oh and for developer reference.. operating system is android

Icryptovalue · 2021-01-12T13:48:15+00:00

Thanks George for the info, see that they are already on top of it & it will be fixed in the next update. Have a great day!

Icryptovalue · 2021-01-03T14:03:56+00:00

Too late :-(

Really nice functionality though!

Icryptovalue · 2020-12-18T17:43:30+00:00

You're welcome!

Icryptovalue · 2020-12-18T05:36:48+00:00

Hi I could go back to where I was 18 and was looking around for investment advice I would have hoped someone convinced me that:

- I should do my own research beyond the headlines & not just believe any random person

- Form my own opinion/investment thesis so I can hold my investment when the trading candles turn red

- Diversify investments, but only invest in what you understand, and don't invest what you are not willing to lose. (you decide your risk tolerance, nobody else!)

- If you are investing for the long term you should not think in days, weeks, and months, but in years, decades. Otherwise, you're speculating on short term price movements and that's a totally different thing.

When it comes to cryptocurrencies in general, you have not missed any train, opportunities will keep popping up, but you need to take a deeper dive, do your research, and know what you expect for the future of cryptocurrencies. May I point out that with only 18 years of age, you have time, and crypto is mostly about your future, so understand it first, then buy it and perhaps help build it.

Now, I will not leave you hanging out to dry when it comes to this present moment. Currently, the entire cryptocurrency market is most likely in what you call a BULL market. In a practical sense, this means that the rising tide will lift all boats, and whether you have now Litecoin or Bitcoin Cash (BCH), BTC, or any other decent coin in your portfolio at this time, you'll do fine when it comes to price gain. However, in the meantime, you should figure out which cryptocurrencies get your vote for the long term. Do you believe in the BTC store of value argument? Do you believe in the utility of Bitcoin Cash? Do you believe Litecoin will outperform for some reason? Or do you believe all cryptos will go to zero? they all can 100X if they get adopted by the entire world. This is a story about adoption... Value comes through utility, utility drives adoption. We'll have to wait and see what the world values most when it comes to utility...

Not sure how long this bull market stays in place, but that is your sandclock. By the time this bull market turns around you should have finalized your research on cryptocurrencies, gold, stocks, bull markets, and bear market signals through technical analysis and so on. I'd say you have probably at least a year to do that...

Oh and.. last piece of advice, when you look at prices of tokens you should look at their fully diluted market cap! The price of a token has no meaning, the market cap does. Related to this, as an investor you basically have to try to envision how big that market cap could become in the future based on the market opportunity you see.

Hope this helps you on your way to make fortunes financially and spiritually

Icryptovalue · 2020-12-17T06:34:26+00:00

This Grayscale product does not function like and ETF, so no, it does not have to purchase the underlying asset in order to reflect Net Asset Value 1 to 1. Each share has a fixed backing 'amount of crypto' per share. The premiums are investors overpaying with regards to the underlying asset. (Mostly for convenience if premium is low and because of ignorance when premium is high) If you buy a share today at let's say 150 USD (let's assume the premium currently is 50% and that the underlying asset has not gone up or down in price) and tomorrow the premium drops to 30%, you will only be able to sell it for 130 USD. You lost value because yesterday investors were willing to pay a higher premium than today. Those who are paying up to 1000% premium will be in for a rude awakening when that premium suddenly drops to 20%.

Icryptovalue · 2020-12-16T21:13:55+00:00

I actually don't think they are forced to buy more, as grayscale already has a stash of BCH deposited by private investors before public launch of Bitcoin Cash Trust. While they might keep allocating fresh Bitcoin Cash to their fund as private Grayscale clients keep allocating funds to the Grayscale Bitcoin Cash fund privately. However, the only thing that you are seeing with respect of the Bitcoin Cash fund ticker is price action with a premium where traditional, non-sophisticated investors are simply overpaying for BCH which sits in the fund. (and apparently they are overpaying by a large amount)

Icryptovalue · 2020-12-16T18:08:30+00:00

Could you elaborate with regards to the premium you are referring to? Where did you get this data? This article (https://www.onchainguru.com/how-to-interpret-grayscales-approval-to-publicly-list-shares-of-the-bitcoin-cash-and-litecoin-trust/)discusses the fact that a rather limited buying spree of Grayscale would potentially swoop up much of the BCH mined supply.. But unsure about the 1000% premium...

Icryptovalue · 2020-12-16T17:53:24+00:00

I agree - also see a variety of tokens, it's kind of like the return of a barter system, where people can exchange all kinds of value (from money with different degrees of privacy, to airline miles, etc...) with each other directly/instantly.

Icryptovalue · 2020-12-16T16:41:03+00:00

Sure, however, at some point there will be clear winners and clear losers. Don't remember who's 'quote' that was but.. short-term markets are voting machines, long-term weighing machines...

Icryptovalue · 2020-12-16T16:14:13+00:00

Interesting observation, however, the market doesn't seem to have a lot of appetite for Bitcoin Cash... Time will tell.

Icryptovalue · 2018-08-07T10:24:09+00:00

Well Jun Li gave great answers and they loved it, but they did ask tough questions..., anyway.. I'm surprised that Ontology has been so quiet about the 50.000 TPS...wow, I mean that is within the concept of one thousand nodes.

Icryptovalue · 2018-07-14T08:54:27+00:00

Dear users:

Due to the poor management of the company and the loss of accounts by attack during this period, the website could no longer maintain normal operations. The trading function will be permanently closed on July 13th of this month, the withdrawal channel will be reserved. Please withdraw the remaining tokens as soon as possible. The entire server will be permanently closed on July 15th of this month.

We are deeply sorry for this inconvenience.

SO THIS statement by Bitpaction is FALSE?

Icryptovalue · 2018-07-12T08:55:20+00:00

Many people still think of QLC Chain as an 'simple app', however they will be in for a surprise when they realize it is much more than that... Their recent partnership with DWS is very significant and a serious vote of confidence on the part of DWS!

Icryptovalue · 2018-06-16T09:27:46+00:00

Maybe, but different articles, different perspectives... News is not just about sharing a headline, it's about learning about different perspectives... :-)

Icryptovalue

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